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Bankinter

WBAG:BKT
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BKT
WBAG
€3B
Market Cap
  1. Home
  2. AT
  3. Banks
Company description

Bankinter, S.A. provides various banking products and services in Spain. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • Bankinter has significant price volatility in the past 3 months.
BKT Share Price and Events
7 Day Returns
3.2%
WBAG:BKT
7.7%
AT Banks
8.8%
AT Market
1 Year Returns
-53.1%
WBAG:BKT
-36.9%
AT Banks
-26.7%
AT Market
BKT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bankinter (BKT) 3.2% -26% -49.7% -53.1% - -
AT Banks 7.7% -20.3% -37.5% -36.9% -29.3% -9.8%
AT Market 8.8% -10.8% -27.6% -26.7% -18.2% -9%
1 Year Return vs Industry and Market
  • BKT underperformed the Banks industry which returned -36.9% over the past year.
  • BKT underperformed the Market in Austria which returned -26.7% over the past year.
Price Volatility
BKT
Industry
5yr Volatility vs Market

Value

 Is Bankinter undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bankinter to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bankinter.

WBAG:BKT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= €5.61 * 7.5%
€0.42
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. €5.61
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year AT Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:BKT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 7.5%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.54 (1 + (1- 25%) (294.29%))
1.49
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.12% + (1.49 * 7.46%)
11%

Discounted Cash Flow Calculation for WBAG:BKT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bankinter is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

WBAG:BKT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.5% – 11%) * €5.61)
€-0.20
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.20 / (11% - -0.12%)
€-1.78
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €5.61 + €-1.78
€3.83
WBAG:BKT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:BKT represents 0.99424x of BME:BKT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99424x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 3.83 x 0.99424
€3.81
Value per share (EUR) From above. €3.81
Current discount Discount to share price of €3.28
= -1 x (€3.28 - €3.81) / €3.81
13.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bankinter is available for.
Intrinsic value
14%
Share price is €3.28 vs Future cash flow value of €3.81
Current Discount Checks
For Bankinter to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bankinter's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bankinter's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bankinter's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bankinter's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:BKT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.60
BME:BKT Share Price ** BME (2020-04-08) in EUR €3.3
Austria Banks Industry PE Ratio Median Figure of 8 Publicly-Listed Banks Companies 5.62x
Austria Market PE Ratio Median Figure of 54 Publicly-Listed Companies 11.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bankinter.

WBAG:BKT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:BKT Share Price ÷ EPS (both in EUR)

= 3.3 ÷ 0.60

5.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bankinter is good value based on earnings compared to the AT Banks industry average.
  • Bankinter is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Bankinter's expected growth come at a high price?
Raw Data
WBAG:BKT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-3.7%per year
Europe Banks Industry PEG Ratio Median Figure of 122 Publicly-Listed Banks Companies 0.43x
Austria Market PEG Ratio Median Figure of 34 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

WBAG:BKT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.5x ÷ -3.7%

-1.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bankinter earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bankinter's assets?
Raw Data
WBAG:BKT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.34
BME:BKT Share Price * BME (2020-04-08) in EUR €3.3
Austria Banks Industry PB Ratio Median Figure of 8 Publicly-Listed Banks Companies 0.43x
Austria Market PB Ratio Median Figure of 62 Publicly-Listed Companies 0.95x
WBAG:BKT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:BKT Share Price ÷ Book Value per Share (both in EUR)

= 3.3 ÷ 5.34

0.62x

* Primary Listing of Bankinter.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bankinter is overvalued based on assets compared to the AT Banks industry average.
X
Value checks
We assess Bankinter's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bankinter has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bankinter expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bankinter expected to grow at an attractive rate?
  • Bankinter's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Bankinter's earnings are expected to decrease over the next 1-3 years, this is below the Austria market average.
  • Bankinter's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:BKT Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:BKT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -3.7%
WBAG:BKT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 0.8%
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Austria Market Earnings Growth Rate Market Cap Weighted Average 11%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:BKT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:BKT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,999 509 3
2022-12-31 1,982 419 10
2021-12-31 1,965 382 11
2020-12-31 2,059 315 12
2020-04-08
WBAG:BKT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,901 156 539
2019-09-30 1,884 555
2019-06-30 1,860 -2,846 562
2019-03-31 1,874 516
2018-12-31 1,867 176 514
2018-09-30 1,855 511
2018-06-30 1,807 853 504
2018-03-31 1,735 502
2017-12-31 1,676 2,229 484
2017-09-30 1,637 458
2017-06-30 1,605 4,008 437
2017-03-31 1,547 502

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bankinter's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Bankinter's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:BKT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Bankinter Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:BKT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.50 0.50 0.50 1.00
2022-12-31 0.43 0.57 0.23 8.00
2021-12-31 0.42 0.63 0.22 9.00
2020-12-31 0.42 0.61 0.03 8.00
2020-04-08
WBAG:BKT Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.60
2019-09-30 0.62
2019-06-30 0.63
2019-03-31 0.57
2018-12-31 0.57
2018-09-30 0.57
2018-06-30 0.56
2018-03-31 0.56
2017-12-31 0.54
2017-09-30 0.51
2017-06-30 0.49
2017-03-31 0.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bankinter is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bankinter's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bankinter has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bankinter performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bankinter's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bankinter's year on year earnings growth rate has been positive over the past 5 years.
  • Bankinter's 1-year earnings growth is less than its 5-year average (4.8% vs 11%)
  • Bankinter's earnings growth has exceeded the AT Banks industry average in the past year (4.8% vs -4%).
Earnings and Revenue History
Bankinter's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bankinter Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:BKT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,900.60 538.59 996.29
2019-09-30 1,883.68 554.63 982.14
2019-06-30 1,860.42 561.70 952.18
2019-03-31 1,873.76 515.85 941.82
2018-12-31 1,866.81 513.88 941.60
2018-09-30 1,855.01 511.18 932.51
2018-06-30 1,807.12 503.77 916.74
2018-03-31 1,735.34 502.20 901.80
2017-12-31 1,675.87 483.57 883.53
2017-09-30 1,636.90 458.34 886.12
2017-06-30 1,604.90 437.36 879.41
2017-03-31 1,547.41 501.94 871.33
2016-12-31 1,489.92 482.34 837.58
2016-09-30 1,387.83 476.43 775.36
2016-06-30 1,335.85 464.63 741.28
2016-03-31 1,327.37 385.57 699.79
2015-12-31 1,309.08 375.92 692.96
2015-09-30 1,269.53 346.49 744.36
2015-06-30 1,229.78 323.29 732.52
2015-03-31 1,210.21 311.02 722.00
2014-12-31 1,153.74 275.89 712.49
2014-09-30 1,130.11 263.02 649.47
2014-06-30 1,072.72 237.50 666.79
2014-03-31 999.29 199.53 625.39
2013-12-31 954.16 189.90 609.73
2013-09-30 928.56 208.16 672.64
2013-06-30 926.46 204.31 633.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bankinter has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bankinter used its assets less efficiently than the AT Banks industry average last year based on Return on Assets.
  • Unable to establish if Bankinter improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bankinter's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bankinter has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bankinter's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bankinter's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bankinter Company Filings, last reported 3 months ago.

WBAG:BKT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,799.96 8,768.26 5,511.65
2019-09-30 4,782.61 8,768.32 11,896.40
2019-06-30 4,677.58 8,737.14 6,263.13
2019-03-31 4,547.20 8,527.68 11,762.17
2018-12-31 4,485.85 9,359.03 6,153.48
2018-09-30 4,451.44 7,835.81 11,170.13
2018-06-30 4,397.32 8,290.24 5,097.79
2018-03-31 4,410.16 7,851.81 7,956.15
2017-12-31 4,357.14 9,514.09 3,869.79
2017-09-30 4,300.52 7,908.55 7,948.26
2017-06-30 4,222.83 8,295.20 4,067.77
2017-03-31 4,128.96 7,581.21 9,302.64
2016-12-31 4,097.38 9,897.87 3,718.57
2016-09-30 4,077.44 9,226.32 6,076.48
2016-06-30 3,979.93 11,299.68 5,326.17
2016-03-31 3,839.33 60.65 7,724.40
2015-12-31 3,798.18 12,311.59 5,358.94
2015-09-30 3,760.36 29.81 6,511.02
2015-06-30 3,686.07 10,792.13 5,977.54
2015-03-31 3,691.46 43.66 5,275.76
2014-12-31 3,643.45 17,942.84 6,747.50
2014-09-30 3,647.99 4.86 5,740.67
2014-06-30 3,582.98 11,241.61 8,006.72
2014-03-31 3,493.80 18,341.06 5,559.87
2013-12-31 3,352.20 16,853.70 5,724.26
2013-09-30 3,375.80 10,277.50 5,346.35
2013-06-30 3,299.87 11,470.74 4,397.76
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bankinter has an acceptable proportion of non-loan assets held.
  • Bankinter's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bankinter are broadly funded by customer deposits.
  • Bankinter's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bankinter has a low allowance for bad loans.
  • Bankinter has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bankinter's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bankinter has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bankinter's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.87%
Current annual income from Bankinter dividends. Estimated to be 6.5% next year.
If you bought €2,000 of Bankinter shares you are expected to receive €177 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bankinter's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.88%).
  • Bankinter's dividend is above the markets top 25% of dividend payers in Austria (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:BKT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Austria Banks Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.7%
Austria Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.4%
Austria Bottom 25% Dividend Yield 25th Percentile 1.9%
Austria Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:BKT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.28 3.00
2022-12-31 0.23 11.00
2021-12-31 0.20 12.00
2020-12-31 0.20 13.00
2020-04-08
WBAG:BKT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.293 7.313
2020-01-24 0.293 4.815
2019-02-22 0.293 4.651
2019-02-21 0.293 4.233
2018-03-28 0.275 3.534
2018-02-23 0.275 3.172
2018-02-22 0.275 3.029
2017-02-23 0.223 2.757
2017-02-22 0.223 3.058
2016-02-18 0.209 3.165
2016-01-21 0.209 3.419
2015-02-17 0.154 2.274
2014-02-20 0.061 0.984
2013-02-21 0.071 2.024
2013-02-20 0.071 2.590
2012-02-16 0.123 5.985
2012-01-19 0.123 3.649
2011-11-03 0.135 4.799
2011-04-07 0.135 4.880
2011-03-23 0.135 4.245
2011-01-21 0.135 4.451
2010-03-23 0.173 5.449

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bankinter's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Bankinter's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bankinter afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bankinter has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bankinter's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
María Dolores Dancausa Treviño
COMPENSATION €1,106,299
TENURE AS CEO 9.5 years
CEO Bio

Ms. María Dolores Dancausa Treviño serves as General Manager at Linea Directa Aseguradora, S.A. Ms. Dancausa Treviño has been the Chief Executive Officer and Executive Director of Bankinter, S.A. since October 2010. After his appointment as CEO of Bankinter he continues on the Board of Directors of Línea Directa, and as a member of the Governing Council of the APD (Association for the Advancement of Management). Since 2013 she has been an independent Director of the British firm Esure, one of the main insurers in the United Kingdom.She was a Non-Executive Director at esure Group plc since December 9, 2013 until May 17, 2018. She served as Managing Director and Chief Executive Officer at Línea Directa Aseguradora from 2008 to October 2010. She served as Company Secretary at Línea Directa Aseguradora from 1994 to 2008. She served as Secretary-General and Headed the Linea Directa Aseguradora's Human Resources, Training, Legaladvice and General Affairs Divisions. She also serves as Member of Board of Trustees at Fundación Innovación Bankinter. Throughout her career, Ms. Dancausa Treviño has worked in the financial sector, started from Banco. She was appointed Secretary General and of the Board until 2008 and the became the CEO of the Insurance Hotline. Ms. Dancausa Treviño has received several awards in her business career: in June 2013 - Awarded the Aster-Esic Prize for "Outstanding Career Achievement" and "Financial Executive of the Year" from Ecofin magazine; in November 2012 - Nominated Most Outstanding Personality of the Year for her "ability to manage a medium-sized bank in this time of crisis in the Spanish financial system" at the 2nd edition of the Economics Night organised by the daily newspaper El Economista; in April 2011 - Awarded "Outstanding Career Achievement" on the 20th edition of the Magazine Ejecutivos for her Outstanding Career Achievement; in April 2011 - Nominated as "Influential Woman" in the list of the Top 100 Spanish Women Leaders; in October 2010 - FEDEPE: Award for Best Executive of the Year in 2010. She has emerged as one of the businesswomen with the best reputation in Spain according to the MERCO-Leaders report, where she appears as one of the Top 20 most prestigious Business Executives in Spain. Ms. Dancausa Treviño received a Graduate Degree in Law from the University of San Pablo Ceu, she has also studied on a number of Management Programmes at Harvard Business School, and an AMP (Advanced Management Programme) at the INSEAD Business School (Fontainebleau).

CEO Compensation
  • María Dolores's compensation has been consistent with company performance over the past year, both up more than 20%.
  • María Dolores's remuneration is lower than average for companies of similar size in Austria.
Management Team

Pedro Guerrero Guerrero

TITLE
Chairman
COMPENSATION
€235K
AGE
66
TENURE
13.1 yrs

María Dolores Dancausa Treviño

TITLE
CEO & Executive Director
COMPENSATION
€1M
TENURE
9.5 yrs

Alfonso Botín-Sanz de Sautuola y Naveda

TITLE
Executive Vice President of Board
COMPENSATION
€205K
AGE
49

Jacobo Díaz Garcia

TITLE
CFO and Area Director for Corporate Development

Iñigo Guerra Azcona

TITLE
Director General of Investment Banking Area

David López Finistrosa

TITLE
Director of Investor Relations

María Paramés

TITLE
Head of Employees

Alfonso Ma Saez

TITLE
Head of Consumer Finance

Julio Gabriel Zapatero Gaviria

TITLE
Director General & Chief Risk Officer

Ruben Muñoz

TITLE
Head of Treasury & Capital Markets
Board of Directors Tenure

Average tenure and age of the Bankinter board of directors in years:

10.4
Average Tenure
57
Average Age
  • The average tenure for the Bankinter board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Pedro Guerrero Guerrero

TITLE
Chairman
COMPENSATION
€235K
AGE
66
TENURE
13 yrs

María Dolores Dancausa Treviño

TITLE
CEO & Executive Director
COMPENSATION
€1M
TENURE
9.5 yrs

Alfonso Botín-Sanz de Sautuola y Naveda

TITLE
Executive Vice President of Board
COMPENSATION
€205K
AGE
49
TENURE
13 yrs

Rafael Mateu de Ros Cerezo

TITLE
Independent Director
COMPENSATION
€171K
AGE
66
TENURE
11.3 yrs

Marcelino Botín-Sanz de Sautuola y Naveda

TITLE
Director
COMPENSATION
€113K
AGE
57
TENURE
15 yrs

Fernando María Masaveu Herrero

TITLE
Director
COMPENSATION
€121K
AGE
53
TENURE
14.6 yrs

María Teresa Pulido Mendoza

TITLE
External Director
COMPENSATION
€112K
TENURE
5.8 yrs

Teresa Retortillo

TITLE
External Independent Director
COMPENSATION
€124K
AGE
52
TENURE
2.4 yrs

Álvaro Álvarez-Alonso Plaza

TITLE
External Independent Director
COMPENSATION
€93K
AGE
66
TENURE
1.1 yrs

María Luisa Jordá Castro

TITLE
External Independent Director
COMPENSATION
€96K
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bankinter individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Feb 20 Buy Fernando Dancausa Individual 14. Feb 20 14. Feb 20 80 €6.31 €505
23. Dec 19 Buy María Teresa Pulido Mendoza Individual 19. Dec 19 19. Dec 19 10,500 €6.51 €68,355
29. Jul 19 Buy María Luisa Jordá Castro Individual 25. Jul 19 25. Jul 19 8,000 €6.33 €50,640
27. Jun 19 Buy Pedro Guerrero Guerrero Individual 26. Apr 19 26. Apr 19 100,000 €5.93 €593,000
27. Jun 19 Buy María Dolores Dancausa Treviño Individual 24. Jun 19 24. Jun 19 16,950 €5.89 €99,835
14. Jun 19 Buy María Luisa Jordá Castro Individual 13. Jun 19 13. Jun 19 2,000 €6.27 €12,540
X
Management checks
We assess Bankinter's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bankinter has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bankinter, S.A. provides various banking products and services in Spain. The company operates through Commercial Banking, Private Banking, Personal Banking, Individual Banking, Foreigners, Corporate Banking, Consumer Finance, Línea Directa Aseguradora, Bankinter Portugal, and Other Businesses segments. It offers salary, professional, private bank, and personal finance accounts, as well as deposit products, such as fixed term, customized, increment, and structured deposits. The company also provides investment products and services that include investment funds, pension plans, unit linked products, and securities portfolios, as well as asset management services; and cards and loan products. In addition, it offers various services, such as property management services; telephone assistance services; consulting services; insurance intermediary services; vehicle check and travel assistance services; venture capital and fund management services; vehicle repair services, as well as services for motorcycle users; private banking services; and brokerage services, as well as operates as a credit institution. Further, the company issues preference shares and bonds. As of December 31, 2018, it operated through a network of 444 branches and 363 agents. The company was formerly known as Banco Intercontinental Español, S.A. and changed its name to Bankinter, S.A. in July 1990. Bankinter, S.A. was founded in 1965 and is headquartered in Madrid, Spain.

Details
Name: Bankinter, S.A.
BKT
Exchange: WBAG
Founded: 1965
€3,019,686,277
898,716,154
Website: http://www.bankinter.com
Address: Bankinter, S.A.
Paseo de la Castellana 29,
Madrid,
Madrid, 28046,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME BKT Nominative Shares Bolsas y Mercados Espanoles ES EUR 17. Apr 1985
OTCPK BKIM.F Nominative Shares Pink Sheets LLC US USD 17. Apr 1985
DB BAKA Nominative Shares Deutsche Boerse AG DE EUR 17. Apr 1985
LSE 0H7O Nominative Shares London Stock Exchange GB EUR 17. Apr 1985
WBAG BKT Nominative Shares Wiener Boerse AG AT EUR 17. Apr 1985
BMV BKT N Nominative Shares Bolsa Mexicana de Valores MX MXN 17. Apr 1985
BATS-CHIXE BKTE Nominative Shares BATS 'Chi-X Europe' GB EUR 17. Apr 1985
OTCPK BKNI.Y SPONS ADR 07 Pink Sheets LLC US USD 26. Sep 1995
Number of employees
Current staff
Staff numbers
8,531
Bankinter employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:42
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.