Projected Income Statement: BBVA

Forecast Balance Sheet: BBVA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 2/3/22 2/1/23 1/30/24 1/30/25 2/5/26 - - -
Estimates

Cash Flow Forecast: BBVA

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 632 396 1,812 1,129 1,195 827
Change - -37.34% 357.58% -37.69% 5.85% -30.79%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 2/12/21 2/15/22 2/14/23 2/12/24 2/21/25 2/13/26
1EUR in Million
Estimates

Forecast Financial Ratios: BBVA

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 54.76% 56.77% 58.33% 60% 61.19% 61.28% 62.1% 63.15%
EBT Margin (%) - 39.12% 42.15% 42.04% 43.42% 43.94% 42.94% 44.37% 45.47%
Net margin (%) - 22.09% 25.79% 27.14% 28.34% 27.39% 27.01% 27.72% 28.23%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 0.83% 1% 1.12% 1.36% 1.36% 1.26% 1.3% 1.38%
ROE - 10.4% 14.1% 16.2% 18.9% 18.4% 19.72% 20.95% 21.44%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 0.31 0.43 0.55 0.7 0.73 0.9973 1.102 1.216
Change - - 38.71% 27.91% 27.27% 4.29% 36.62% 10.51% 10.3%
Book Value Per Share 1 - 6.86 8.007 8.86 9.67 10.19 10.55 11.36 12.27
Change - - 16.73% 10.65% 9.14% 5.38% 3.5% 7.72% 7.97%
EPS 1 - 0.67 0.99 1.29 1.68 1.76 2.011 2.227 2.457
Change - - 47.76% 30.3% 30.23% 4.76% 14.28% 10.71% 10.34%
Nbr of stocks (in thousands) - 6,651,887 5,935,449 5,832,455 5,763,285 5,693,635 5,553,412 5,553,412 5,553,412
Announcement Date - 2/3/22 2/1/23 1/30/24 1/30/25 2/5/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 11.3x 10.2x
PBR 2.16x 2.01x
EV / Sales 3.03x 2.91x
Yield 4.38% 4.84%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
22.78EUR
Average target price
21.53EUR
Spread / Average Target
-5.49%

Quarterly revenue - Rate of surprise