Financials BNP Paribas Xetra

Equities

BNP

FR0000131104

Banks

Real-time Estimate Tradegate Other stock markets 08:02:28 07/05/2024 pm IST			5-day change	1st Jan Change
69.56 ^EUR	+1.84%		+3.13%	+10.62%

04:06pm	CAC40: firming up as on the previous day, in the wake of US rates	CF
11:20am	CAC40: over 8000 pts, banking stocks in support	CF

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	65,988	53,841	74,779	65,690	71,847	77,091	-	-
Enterprise Value (EV) ¹	65,988	53,841	74,779	65,690	71,847	77,091	77,091	77,091
P/E ratio	8.51 x	8.12 x	8.37 x	6.83 x	7.29 x	7.52 x	6.83 x	6.37 x
Yield	5.87%	2.58%	6.04%	7.32%	7.35%	6.78%	7.37%	7.93%
Capitalization / Revenue	1.48 x	1.22 x	1.62 x	1.3 x	1.57 x	1.61 x	1.54 x	1.48 x
EV / Revenue	1.48 x	1.22 x	1.62 x	1.3 x	1.57 x	1.61 x	1.54 x	1.48 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.67 x	0.52 x	0.69 x	0.6 x	0.65 x	0.67 x	0.62 x	0.59 x
Nbr of stocks (in thousands)	12,49,072	12,49,077	12,30,533	12,33,610	11,47,896	11,29,864	-	-
Reference price ²	52.83	43.10	60.77	53.25	62.59	68.23	68.23	68.23
Announcement Date	05/02/20	05/02/21	08/02/22	07/02/23	01/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	44,597	44,275	46,235	50,419	45,874	47,920	50,202	52,187
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	13,260	14,081	15,124	16,717	14,918	18,011	19,514	20,304
Operating Margin	29.73%	31.8%	32.71%	33.16%	32.52%	37.59%	38.87%	38.91%
Earnings before Tax (EBT) ¹	11,394	9,822	13,637	14,450	11,725	15,289	16,743	17,514
Net income ¹	8,173	7,067	9,488	10,196	10,975	10,500	11,342	11,895
Net margin	18.33%	15.96%	20.52%	20.22%	23.92%	21.91%	22.59%	22.79%
EPS ²	6.210	5.310	7.260	7.800	8.580	9.069	9.989	10.71
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	3.100	1.110	3.670	3.900	4.600	4.624	5.028	5.413
Announcement Date	05/02/20	05/02/21	08/02/22	07/02/23	01/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	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
Net sales ¹	11,232	13,218	12,781	12,311	12,109	12,032	11,363	11,581	10,898	12,483	11,807	11,864	11,657	13,283
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	3,302	3,565	5,062	4,454	3,636	2,841	4,474	4,488	3,115	4,546	-	-	-	-
Operating Margin	29.4%	26.97%	39.61%	36.18%	30.03%	23.61%	39.37%	38.75%	28.58%	36.42%	-	-	-	-
Earnings before Tax (EBT) ¹	3,170	3,277	4,502	3,734	2,937	2,377	4,058	3,814	1,476	4,363	3,665	3,682	2,613	-
Net income ¹	2,306	2,108	3,177	2,761	2,150	4,435	2,810	2,661	1,069	3,103	2,717	2,601	2,054	-
Net margin	20.53%	15.95%	24.86%	22.43%	17.76%	36.86%	24.73%	22.98%	9.81%	24.86%	23.01%	21.92%	17.62%	-
EPS ²	1.770	1.530	2.510	2.150	1.610	3.597	2.043	1.210	1.730	2.510	2.380	2.260	1.674	-
Dividend per Share ²	3.670	-	-	-	3.900	-	-	-	4.600	-	-	-	4.600	-
Announcement Date	08/02/22	03/05/22	29/07/22	03/11/22	07/02/23	03/05/23	27/07/23	26/10/23	01/02/24	25/04/24	-	-	-	-

¹EUR in Million²EUR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.5%	6.42%	7.81%	8.51%	9.17%	9.15%	9.47%	9.7%
ROA (Net income/ Total Assets)	0.39%	0.3%	0.18%	0.39%	0.43%	0.4%	0.41%	0.44%
Assets ¹	21,02,650	23,26,584	53,93,974	26,48,312	25,67,251	26,47,073	27,37,381	27,26,215
Book Value Per Share ²	79.00	82.30	88.00	89.00	96.00	102.0	109.0	116.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	05/02/20	05/02/21	08/02/22	07/02/23	01/02/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for BNP Paribas

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

68.23 EUR

Average target price

78.47 EUR

Spread / Average Target

+15.01%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Banks

	1st Jan change	Capi.
JPMORGAN CHASE & CO.	+13.34%	551B
BANK OF AMERICA CORPORATION	+13.10%	295B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+12.83%	249B
WELLS FARGO & COMPANY	+23.02%	210B
CHINA CONSTRUCTION BANK CORPORATION	+12.69%	170B
BANK OF CHINA LIMITED	+19.80%	169B
HSBC HOLDINGS PLC	+12.60%	165B
ROYAL BANK OF CANADA	+3.69%	144B
HDFC BANK LIMITED	-11.88%	139B

Other Banks