Financials BBVA

Equities

BBVA

ES0113211835

Banks

Market Closed - BME Other stock markets 10:10:02 06/02/2026 pm IST			5-day change	1st Jan Change
20.19 ^EUR	+1.05%		-5.87%	+0.70%

06/02	BBVA : Deutsche Bank maintains a Buy rating	ZD
06/02	BBVA : Barclays reiterates its Buy rating	ZD

Projected Income Statement: BBVA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	22,974	21,066	24,890	29,542	35,481	36,931	39,811	41,639
Change	-	-8.31%	18.15%	18.69%	20.1%	4.09%	7.8%	4.59%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	12,219	11,536	14,130	17,233	21,288	22,599	24,699	26,041
Change	-	-5.59%	22.49%	21.96%	23.53%	6.16%	9.29%	5.43%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	5,225	8,240	10,490	12,419	15,405	16,227	17,836	18,889
Change	-	57.7%	27.31%	18.39%	24.04%	5.34%	9.92%	5.9%
Net income ¹	1,305	4,653	6,420	8,019	10,054	10,114	11,277	11,731
Change	-	256.55%	37.98%	24.91%	25.38%	0.6%	11.5%	4.02%
Announcement Date	29/01/21	03/02/22	01/02/23	30/01/24	30/01/25	05/02/26	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	5,266	5,155	5,104	5,330	5,477	5,939	6,094	6,857	6,524	6,958	7,189	7,956	7,438	8,218	9,227	8,716	9,320	9,324	8,710	9,102	9,795	9,716	9,668	9,619
Change	-	-2.11%	-0.99%	4.43%	2.76%	8.44%	2.61%	12.52%	-4.86%	6.65%	3.32%	10.67%	-6.51%	10.49%	12.28%	-5.54%	6.93%	0.04%	-6.59%	4.5%	7.61%	-0.81%	-0.49%	-0.51%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,593	2,850	2,810	2,953	2,923	3,525	3,464	4,038	3,636	3,942	4,267	4,654	4,370	4,835	5,751	5,386	5,316	5,762	5,485	5,528	5,823	6,239	6,572	6,227
Change	-	9.91%	-1.4%	5.09%	-1.02%	20.6%	-1.73%	16.57%	-9.96%	8.42%	8.24%	9.07%	-6.1%	10.64%	18.95%	-6.35%	-1.3%	8.39%	-4.81%	0.78%	5.34%	7.14%	5.34%	-5.25%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,532	1,759	2,124	2,299	2,058	2,766	2,694	2,988	2,581	2,944	3,178	3,365	2,932	3,458	4,322	3,867	3,759	4,348	4,076	3,868	3,934	-	-	-
Change	-	14.82%	20.75%	8.24%	-10.48%	34.4%	-2.6%	10.91%	-13.62%	14.06%	7.95%	5.88%	-12.87%	17.94%	24.99%	-10.53%	-2.79%	15.67%	-6.26%	-5.1%	1.71%	-	-	-
Net income ¹	1,320	1,210	701	1,400	1,341	1,651	1,675	1,841	1,578	1,846	2,032	2,083	2,058	2,200	2,794	2,627	2,433	2,698	2,749	2,531	2,435	2,985	3,060	2,977
Change	-	-8.33%	-42.07%	99.71%	-4.21%	23.12%	1.45%	9.91%	-14.29%	16.98%	10.08%	2.51%	-1.2%	6.9%	27%	-5.98%	-7.38%	10.89%	1.89%	-7.93%	-3.79%	22.6%	2.51%	-2.71%
Announcement Date	29/01/21	30/04/21	30/07/21	29/10/21	03/02/22	29/04/22	29/07/22	28/10/22	01/02/23	27/04/23	28/07/23	31/10/23	30/01/24	29/04/24	31/07/24	31/10/24	30/01/25	29/04/25	31/07/25	30/10/25	05/02/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	10,259	11,509	14,148	17,446
Change	-	12.18%	22.93%	23.31%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	5,661	6,456	8,209	10,586
Change	-	14.04%	27.15%	28.96%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT) ¹	-	4,921	6,122	7,780
Change	-	-	24.41%	27.08%
Net income ¹	1,911	3,001	3,878	4,994
Change	-	57.04%	29.22%	28.78%
Announcement Date	30/07/21	29/07/22	28/07/23	31/07/24

¹EUR in Million

Estimates

Forecast Balance Sheet: BBVA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	29/01/21	03/02/22	01/02/23	30/01/24	30/01/25	05/02/26	-	-

Estimates

Cash Flow Forecast: BBVA

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	852	632	396	1,812	1,129	1,195
Change	-	-25.82%	-37.34%	357.58%	-37.69%	5.85%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	12/02/20	12/02/21	15/02/22	14/02/23	12/02/24	21/02/25

¹EUR in Million

Estimates

Forecast Financial Ratios: BBVA

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	53.19%	54.76%	56.77%	58.33%	60%	61.19%	62.04%	62.54%
EBT Margin (%)	-	22.74%	39.12%	42.15%	42.04%	43.42%	43.94%	44.8%	45.36%
Net margin (%)	-	5.68%	22.09%	25.79%	27.14%	28.34%	27.39%	28.33%	28.17%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.53%	0.83%	1%	1.12%	1.36%	1.36%	1.28%	1.36%
ROE	-	6.9%	10.4%	14.1%	16.2%	18.9%	18.4%	19.94%	20.14%
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	-	0.059	0.31	0.43	0.55	0.7	0.73	0.9944	1.087
Change	-	-	425.42%	38.71%	27.91%	27.27%	4.29%	18.74%	9.33%
Book Value Per Share ¹	-	6.7	6.86	8.007	8.86	9.67	10.19	10.44	11.3
Change	-	-	2.39%	16.73%	10.65%	9.14%	5.38%	3.67%	8.2%
EPS ¹	-	0.14	0.67	0.99	1.29	1.68	1.76	2.048	2.218
Change	-	-	378.57%	47.76%	30.3%	30.23%	4.76%	16.15%	8.27%
Nbr of stocks (in thousands)	-	66,37,887	66,51,887	59,35,449	58,32,455	57,63,285	56,67,726	56,67,726	56,67,726
Announcement Date	-	29/01/21	03/02/22	01/02/23	30/01/24	30/01/25	05/02/26	-	-