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Corporación Financiera Alba

DB:CSV
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CSV
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Corporación Financiera Alba, S.A. is a private equity and venture capital firm specializing in early venture, mid venture, late venture, growth capital, and emerging growth financing in middle market and mature companies. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Corporación Financiera Alba is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CSV Share Price and Events
7 Day Returns
0.8%
DB:CSV
5%
DE Diversified Financial
2.8%
DE Market
1 Year Returns
-2.4%
DB:CSV
1.4%
DE Diversified Financial
3%
DE Market
CSV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporación Financiera Alba (CSV) 0.8% -3.9% -6.2% -2.4% 15.5% 6%
DE Diversified Financial 5% 7.8% -5% 1.4% 75.8% 333.7%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • CSV underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • CSV underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
CSV
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Corporación Financiera Alba's competitors could be found in our database.

CSV Value

 Is Corporación Financiera Alba 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 Corporación Financiera Alba 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 Corporación Financiera Alba.

DB:CSV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €68.54 * 6.3%
€4.31
Book Value of Equity per Share Median Book Value from the past 5 years. €68.54
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:CSV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 8.2%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 25%) (5.3%))
0.831
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.831 * 8.18%)
7.03%

Discounted Cash Flow Calculation for DB:CSV using Excess Returns Model Model

The calculations below outline how an intrinsic value for Corporación Financiera Alba 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.

DB:CSV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 7.03%) * €68.54)
€-0.50
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.50 / (7.03% - 0.23%)
€-7.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €68.54 + €-7.42
€61.12
DB:CSV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CSV represents 0.99203x of BME:ALB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99203x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 61.12 x 0.99203
€60.63
Value per share (EUR) From above. €60.63
Current discount Discount to share price of €43.60
= -1 x (€43.60 - €60.63) / €60.63
28.1%

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

Current Discount
Amount off the current price Corporación Financiera Alba is available for.
Intrinsic value
28%
Share price is €43.6 vs Future cash flow value of €60.63
Current Discount Checks
For Corporación Financiera Alba to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Corporación Financiera Alba's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Corporación Financiera Alba'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 Corporación Financiera Alba's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corporación Financiera Alba's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CSV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €2.63
BME:ALB Share Price ** BME (2019-10-11) in EUR €43.95
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Corporación Financiera Alba.

DB:CSV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 43.95 ÷ 2.63

16.7x

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

  • Corporación Financiera Alba is good value based on earnings compared to the DE Diversified Financial industry average.
  • Corporación Financiera Alba is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Corporación Financiera Alba's expected growth come at a high price?
Raw Data
DB:CSV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.9%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:CSV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.7x ÷ 8.9%

1.87x

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

  • Corporación Financiera Alba is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Corporación Financiera Alba's assets?
Raw Data
DB:CSV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €69.92
BME:ALB Share Price * BME (2019-10-11) in EUR €43.95
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:CSV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 43.95 ÷ 69.92

0.63x

* Primary Listing of Corporación Financiera Alba.

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

  • Corporación Financiera Alba is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Corporación Financiera Alba'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Corporación Financiera Alba has a total score of 4/6, 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.

CSV Future Performance

 How is Corporación Financiera Alba expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporación Financiera Alba expected to grow at an attractive rate?
  • Corporación Financiera Alba's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Corporación Financiera Alba's earnings growth is positive but not above the Germany market average.
  • Unable to compare Corporación Financiera Alba's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:CSV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CSV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.9%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:CSV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CSV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 193
2020-12-31 183
2019-12-31 167
2019-10-13
DB:CSV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 214 298 153
2019-03-31 290 188
2018-12-31 259 160 154
2018-09-30 -64 147
2018-06-30 231 70 116
2018-03-31 -130 125
2017-12-31 190 43 474
2017-09-30 428 644
2017-06-30 155 75 702
2017-03-31 500 722
2016-12-31 184 136 408
2016-09-30 68 267

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Corporación Financiera Alba's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Corporación Financiera Alba is high growth as no revenue estimate data is available.
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
DB:CSV 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 1 Analyst Estimates (S&P Global) See Below

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

DB:CSV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 3.12 3.12 3.12 1.00
2019-12-31 2.85 2.85 2.85 1.00
2019-10-13
DB:CSV Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 2.63
2019-03-31 3.23
2018-12-31 2.65
2018-09-30 2.52
2018-06-30 1.99
2018-03-31 2.14
2017-12-31 8.14
2017-09-30 11.06
2017-06-30 12.05
2017-03-31 12.39
2016-12-31 7.00
2016-09-30 4.59

*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.
  • Corporación Financiera Alba is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Corporación Financiera Alba'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 Germany 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.
Corporación Financiera Alba has a total score of 1/6, 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.

CSV Past Performance

  How has Corporación Financiera Alba 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 Corporación Financiera Alba's growth in the last year to its industry (Diversified Financial).
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.
  • Corporación Financiera Alba's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Corporación Financiera Alba's 1-year earnings growth exceeds its 5-year average (32% vs -3.1%)
  • Corporación Financiera Alba's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (32% vs 3.5%).
Earnings and Revenue History
Corporación Financiera Alba'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 Corporación Financiera Alba Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CSV Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 214.10 153.00 19.80
2019-03-31 289.90 188.40 20.30
2018-12-31 258.90 154.40 20.30
2018-09-30 -64.00 146.90 59.40
2018-06-30 230.90 115.90 21.50
2018-03-31 -130.00 124.50 31.00
2017-12-31 189.70 474.10 19.50
2017-09-30 427.70 644.10 16.20
2017-06-30 155.20 702.20 15.60
2017-03-31 500.00 722.00 14.50
2016-12-31 183.70 407.80 11.90
2016-09-30 68.38 267.37 12.12
2016-06-30 169.20 251.09 10.85
2016-03-31 4.38 197.77 10.22
2015-12-31 77.00 269.60 10.60
2015-09-30 9.95 186.63 11.93
2015-06-30 161.32 102.85 10.99
2015-03-31 207.75 301.73 12.13
2014-12-31 161.55 241.33 11.73
2014-09-30 316.61 314.12 13.46
2014-06-30 163.90 368.96 13.08
2014-03-31 124.21 199.92 13.46
2013-12-31 163.61 226.92 12.76
2013-09-30 87.99 34.07 -12.06
2013-06-30 -298.98 14.20 12.12
2013-03-31 -227.61 -253.23 -12.16
2012-12-31 -298.24 -299.43 11.71

*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.
  • Corporación Financiera Alba has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Corporación Financiera Alba used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Corporación Financiera Alba's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Corporación Financiera Alba'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 Diversified Financial 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.
Corporación Financiera Alba 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.

CSV Health

 How is Corporación Financiera Alba's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Corporación Financiera Alba's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corporación Financiera Alba is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corporación Financiera Alba's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Corporación Financiera Alba'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
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 Corporación Financiera Alba Company Filings, last reported 3 months ago.

DB:CSV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,091.80 135.60 77.30
2019-03-31 4,131.00 142.00 556.00
2018-12-31 4,058.90 141.70 350.70
2018-09-30 4,100.80 175.30 584.40
2018-06-30 4,029.10 181.90 369.20
2018-03-31 4,028.90 188.60 1,032.50
2017-12-31 3,996.10 195.30 766.20
2017-09-30 3,990.60 132.10 1,195.90
2017-06-30 3,969.90 132.10 1,194.40
2017-03-31 3,997.70 136.60 939.60
2016-12-31 3,621.00 136.60 469.90
2016-09-30 3,432.70 141.10 251.00
2016-06-30 3,346.95 141.12 178.92
2016-03-31 3,311.60 145.50 330.70
2015-12-31 3,313.00 145.60 298.80
2015-09-30 3,352.70 35.90 265.30
2015-06-30 3,259.33 181.40 285.46
2015-03-31 3,311.60 4.80 399.20
2014-12-31 3,076.95 435.79 492.47
2014-09-30 3,208.40 0.00 487.50
2014-06-30 3,186.67 0.00 522.98
2014-03-31 3,028.40 22.30 354.80
2013-12-31 2,951.55 347.31 602.96
2013-09-30 2,974.60 0.00 159.50
2013-06-30 2,936.27 342.98 422.19
2013-03-31 2,951.60 37.10
2012-12-31 2,764.70 528.65 384.42
  • Corporación Financiera Alba's level of debt (3.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Corporación Financiera Alba's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (219.5%, greater than 20% of total debt).
  • Corporación Financiera Alba earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Corporación Financiera Alba'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. Corporación Financiera Alba has a total score of 5/6, 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.

CSV Dividends

 What is Corporación Financiera Alba'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
2.28%
Current annual income from Corporación Financiera Alba dividends. Estimated to be 2.28% next year.
If you bought €2,000 of Corporación Financiera Alba shares you are expected to receive €46 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?
  • Corporación Financiera Alba's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Corporación Financiera Alba's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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
DB:CSV 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 1 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:CSV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.00 1.00
2020-12-31 1.00 2.00
2019-12-31 1.00 2.00
2019-10-13
DB:CSV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 1.000 2.157
2018-11-12 1.000 2.323
2018-09-20 1.000 2.237
2018-04-18 1.000 2.022
2017-11-13 1.000 2.019
2017-09-28 1.000 2.011
2017-04-27 1.000 1.921
2016-11-14 1.000 2.317
2016-04-28 1.000 2.676
2015-11-16 1.000 2.784
2015-05-06 1.000 2.412
2014-11-14 1.000 2.304
2014-05-15 1.420 3.227
2014-04-04 1.000 2.260
2013-11-14 1.000 2.325
2013-04-25 1.000 2.619
2012-11-14 1.000 2.933
2012-05-14 1.000 3.667
2011-11-14 1.000 3.229
2011-05-10 1.000 2.807
2011-04-11 1.000 2.365
2011-02-28 1.000 2.300
2010-11-04 1.000 2.573
2010-10-22 1.000 2.638
2010-02-26 1.000 2.930
2010-01-04 1.000 2.731
2009-10-07 1.000 2.726
2009-05-14 0.750 2.101
2009-04-28 0.750 2.338
2009-02-27 0.750 2.658
2008-11-03 0.750 2.873

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 Corporación Financiera Alba's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Corporación Financiera Alba's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Corporación Financiera Alba afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corporación Financiera Alba has a total score of 4/6, see the detailed checks below.


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

CSV Management

 What is the CEO of Corporación Financiera Alba'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
Santos Martínez-Conde Gutiérrez-Barquín
COMPENSATION €1,100,000
AGE 64
CEO Bio

Mr. Santos Martínez-Conde Gutiérrez-Barquín serves as the Chief Executive Officer at Corporación Financiera Alba, S.A. and has been its Executive Director since September 27, 2006. Mr. Martínez-Conde Gutiérrez-Barquín served as a Managing Director and Director of Management Team at Corporación Financiera Alba, S.A. He has worked for a variety of engineering and financial companies, including Sener, Técnica Naval e Industrial, S.A. from 1979 to 1980, Técnicas Reunidas, S.A. from 1980 to 1987, Bestinver, S.A. from 1987 to 1990, Corporación Borealis, S.A. from 1990 to 1994 and Banco Urquijo, S.A. from 1994 to 1998. He serves as the Chairman of the Board of Directors at Alba Participaciones, S.A., Artá Partners, S.A. and Deyá Capital, S.C.R., S.A. He served as the President of Artá Capital, SGEIC, S.A. and Deyá Capital SCR. He has been Proprietary Director of Indra Sistemas, S.A since June 27, 2013. He has been External Proprietary Director at Acerinox, S.A. since May 30, 2002, Banca March S.A. since December 22, 2009, Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. since October 30, 2014. He is a Proprietary Director at CIE Automotive, S.A. He served as a Director at Abertis Infraestructuras, S.A., Autopistas, Concesionaria Española, S.A.U. and Unión Fenosa, S.A. He served as a Director of ACS, Actividades de Construcción y Servicios, S.A. from 2001 to March 29, 2016. He is a Civil Engineer. He also holds Bachelor in Civil Engineering and MBA/Master's degree in Business Management and Administration from ICADE, Universidad Pontificia Comillas, Madrid and a Degree in Nuclear Technology from Escuela Técnica Superior de Ingeniería ICAI, Madrid.

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

Santos Martínez-Conde Gutiérrez-Barquín

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
64

Juan March de la Lastra

TITLE
Vice Chairman & VP
COMPENSATION
€877K
AGE
46

Juan March Juan

TITLE
Vice Chairman
COMPENSATION
€282K

Ramón Carné Casas

TITLE
Executive Director
COMPENSATION
€504K

José Ramón del Caño Palop

TITLE
Secretary & Executive Director
COMPENSATION
€572K

Javier Fernández Alonso

TITLE
Chief Investment Officer & Director
AGE
42

Luis F. Fidalgo Hortelano

TITLE
Head of Media Relations

Félix Montes Falagán

TITLE
Department Head

Diego Fernández Vidal

TITLE
Department Head

José Ramón Pérez Ambrojo

TITLE
Department Head
Board of Directors Tenure

Average tenure and age of the Corporación Financiera Alba board of directors in years:

7
Average Tenure
64
Average Age
  • The tenure for the Corporación Financiera Alba board of directors is about average.
Board of Directors

José Carlos March Delgado

TITLE
Chairman
COMPENSATION
€153K
AGE
74

Santos Martínez-Conde Gutiérrez-Barquín

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
64
TENURE
13.1 yrs

Juan March de la Lastra

TITLE
Vice Chairman & VP
COMPENSATION
€877K
AGE
46
TENURE
7.6 yrs

Juan March Juan

TITLE
Vice Chairman
COMPENSATION
€282K

Ramón Carné Casas

TITLE
Executive Director
COMPENSATION
€504K
TENURE
8.4 yrs

José Ramón del Caño Palop

TITLE
Secretary & Executive Director
COMPENSATION
€572K
TENURE
10.4 yrs

José Domingo de Ampuero y Osma

TITLE
Independent Director
COMPENSATION
€75K
TENURE
6.4 yrs

Cristina Garmendia Mendizábal

TITLE
Independent Director
COMPENSATION
€85K
AGE
57
TENURE
5.8 yrs

Carlos Alfonso González Fernández

TITLE
Independent Director
COMPENSATION
€95K
AGE
70
TENURE
4.3 yrs

Antón Pradera Jáuregui

TITLE
Independent Director
COMPENSATION
€80K
AGE
64
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Corporación Financiera Alba individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Oct 19 Buy José Carlos March Delgado Individual 03. Oct 19 03. Oct 19 13,077 €43.10 €563,619
12. Jul 19 Buy José Carlos March Delgado Individual 10. Jul 19 10. Jul 19 15,090 €45.70 €689,613
04. Jun 19 Buy José Carlos March Delgado Individual 31. May 19 31. May 19 79,457 €49.20 €3,909,284
28. May 19 Buy José Carlos March Delgado Individual 24. May 19 24. May 19 37,657 €49.20 €1,852,724
17. May 19 Buy José Carlos March Delgado Individual 14. May 19 14. May 19 1,590 €46.10 €73,299
28. Mar 19 Buy José Carlos March Delgado Individual 25. Mar 19 25. Mar 19 8,556 €43.49 €372,100
28. Jan 19 Buy José Carlos March Delgado Individual 23. Jan 19 23. Jan 19 10,000 €42.70 €427,000
21. Jan 19 Buy José Carlos March Delgado Individual 15. Jan 19 15. Jan 19 2,818 €41.65 €117,370
28. Dec 18 Buy José Carlos March Delgado Individual 27. Dec 18 27. Dec 18 4,894 €39.72 €194,390
17. Dec 18 Buy Juan March de la Lastra Individual 13. Dec 18 13. Dec 18 5,383 €40.80 €219,626
17. Dec 18 Buy Juan March Juan Individual 13. Dec 18 13. Dec 18 5,382 €40.80 €219,586
12. Dec 18 Buy Juan March Juan Individual 03. Dec 18 03. Dec 18 373,957 €42.14 €15,758,548
07. Dec 18 Buy Juan March Juan Individual 03. Dec 18 03. Dec 18 355,957 €42.14 €15,000,028
07. Dec 18 Buy José Carlos March Delgado Individual 03. Dec 18 03. Dec 18 862,739 €42.14 €36,355,821
07. Dec 18 Buy Juan March de la Lastra Individual 03. Dec 18 03. Dec 18 593,261 €42.14 €25,000,018
X
Management checks
We assess Corporación Financiera Alba'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. Corporación Financiera Alba 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.

CSV News

Simply Wall St News

CSV Company Info

Description

Corporación Financiera Alba, S.A. is a private equity and venture capital firm specializing in early venture, mid venture, late venture, growth capital, and emerging growth financing in middle market and mature companies. The firm does listed equity investments, unlisted equity investments, and real estate assets. It prefers to invest in the following sectors: consumer discretionary which includes media, retailing, distributors; financials; Healthcare which includes pharmaceuticals; biotechnology and life sciences; industrials which includes capital goods, commercial and professional services which includes construction and engineering; commercial services and supplies which includes construction and engineering; Information Technology; Materials which includes construction materials and metals and mining, and telecommunication services. The firm seeks to make direct equity investments with a focus on Spanish quoted and unquoted companies. It seeks to take minority stake in public and private companies with a long term investment horizon. The firm prefers to have a Board position in its listed investments. Corporación Financiera Alba, S.A. was founded in 1986 and is headquartered in Madrid, Spain.

Details
Name: Corporación Financiera Alba, S.A.
CSV
Exchange: DB
Founded: 1986
€2,559,648,000
58,240,000
Website: http://www.corporacionalba.es
Address: Corporación Financiera Alba, S.A.
Calle de Castelló, 77, 5ª planta,
Madrid,
Madrid, 28006,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME ALB Bearer Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
DB CSV Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0HA8 Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE ALBE Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
151
Corporación Financiera Alba employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 20:53
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.