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Corporación Financiera Alba

BME:ALB
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALB
BME
€2B
Market Cap
  1. Home
  2. ES
  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 37 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.
  • Corporación Financiera Alba has significant price volatility in the past 3 months.
ALB Share Price and Events
7 Day Returns
-1.4%
BME:ALB
5.7%
Europe Diversified Financial
3.2%
ES Market
1 Year Returns
-28.4%
BME:ALB
-15.2%
Europe Diversified Financial
-23.6%
ES Market
ALB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporación Financiera Alba (ALB) -1.4% -13.5% -32.8% -28.4% -28.9% -36.1%
Europe Diversified Financial 5.7% -12.3% -25.5% -15.2% -10.8% 6.3%
ES Market 3.2% -13.1% -25.2% -23.6% -30.4% -38%
1 Year Return vs Industry and Market
  • ALB underperformed the Diversified Financial industry which returned -15.2% over the past year.
  • ALB underperformed the Market in Spain which returned -23.6% over the past year.
Price Volatility
ALB
Industry
5yr Volatility vs Market
Related Companies

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

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.

BME:ALB 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
= €68.62 * 4.1%
€2.82
Book Value of Equity per Share Median Book Value from the past 5 years. €68.62
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year ES Government Bond Rate 0.4%

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 BME:ALB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 7.5%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.731 (1 + (1- 25%) (11.8%))
0.863
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.39% + (0.863 * 7.46%)
6.83%

Discounted Cash Flow Calculation for BME:ALB 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.

BME:ALB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.1% – 6.83%) * €68.62)
€-1.87
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-1.87 / (6.83% - 0.39%)
€-29.02
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €68.62 + €-29.02
€39.59
BME:ALB Discount to Share Price
Calculation Result
Value per share (EUR) From above. €39.59
Current discount Discount to share price of €32.35
= -1 x (€32.35 - €39.59) / €39.59
18.3%

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
18%
Share price is €32.35 vs Future cash flow value of €39.59
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, but not 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
BME:ALB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.86
BME:ALB Share Price ** BME (2020-04-08) in EUR €32.35
Europe Diversified Financial Industry PE Ratio Median Figure of 37 Publicly-Listed Diversified Financial Companies 9.88x
Spain Market PE Ratio Median Figure of 147 Publicly-Listed Companies 13.85x

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

** Primary Listing of Corporación Financiera Alba.

BME:ALB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 32.35 ÷ 2.86

11.31x

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

  • Corporación Financiera Alba is overvalued based on earnings compared to the Europe Diversified Financial industry average.
  • Corporación Financiera Alba is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does Corporación Financiera Alba's expected growth come at a high price?
Raw Data
BME:ALB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 16 Publicly-Listed Diversified Financial Companies 0.28x
Spain Market PEG Ratio Median Figure of 78 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Corporación Financiera Alba, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Corporación Financiera Alba's assets?
Raw Data
BME:ALB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €71.01
BME:ALB Share Price * BME (2020-04-08) in EUR €32.35
Europe Diversified Financial Industry PB Ratio Median Figure of 51 Publicly-Listed Diversified Financial Companies 0.8x
Spain Market PB Ratio Median Figure of 191 Publicly-Listed Companies 1.23x
BME:ALB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 32.35 ÷ 71.01

0.46x

* 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 Europe 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 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 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
-1.3%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporación Financiera Alba expected to grow at an attractive rate?
  • Unable to compare Corporación Financiera Alba's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Corporación Financiera Alba's earnings growth to the Spain market average as no estimate data is available.
  • Unable to compare Corporación Financiera Alba's revenue growth to the Spain market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BME:ALB Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average -1.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -9.7%
Spain Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Spain Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
BME:ALB 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.
BME:ALB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 546 1
2020-04-08
BME:ALB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 95 231 166
2019-09-30 208 148
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Corporación Financiera Alba is high growth as no earnings estimate data is available.
  • 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
BME:ALB 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.

BME:ALB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.65 2.65 2.65 1.00
2020-04-08
BME:ALB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.86
2019-09-30 2.54
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

*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.
  • Unable to establish if Corporación Financiera Alba will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
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 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.
Corporación Financiera Alba 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 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 (7.7% vs -6.5%)
  • Corporación Financiera Alba's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (7.7% vs 3.9%).
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.

BME:ALB 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 94.78 166.30 40.80
2019-09-30 207.90 148.40 11.30
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

*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 Europe 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.

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 1.4x 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.

BME:ALB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,330.38 228.07 192.08
2019-09-30 4,266.00 139.00 260.00
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
  • Corporación Financiera Alba's level of debt (5.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (14% vs 5.3% today).
  • Debt is well covered by operating cash flow (101.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 25.4x coverage).
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 6/6, 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 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
3.09%
Current annual income from Corporación Financiera Alba dividends. Estimated to be 3.09% next year.
If you bought €2,000 of Corporación Financiera Alba shares you are expected to receive €62 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 Spain (3%).
  • Corporación Financiera Alba's dividend is below the markets top 25% of dividend payers in Spain (7.63%).
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
BME:ALB 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 31 Stocks 4.1%
Spain Market Average Dividend Yield Market Cap Weighted Average of 79 Stocks 5.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.6%
Spain Bottom 25% Dividend Yield 25th Percentile 3%
Spain Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

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

BME:ALB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.00 1.00
2020-04-08
BME:ALB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-11-15 1.000 2.333
2019-09-30 1.000 2.250
2019-04-30 1.000 2.144
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

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 (2.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
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 1.6%) - 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 3/6, 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 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 Gutierrez-Barquin
COMPENSATION €1,100,000
AGE 64
CEO Bio

Mr. Santos Martinez-Conde Gutierrez-Barquin serves as the Chief Executive Officer at Corporación Financiera Alba, S.A. and has been its Executive Director since September 27, 2006. Mr. Gutierrez-Barquin 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 about average for companies of similar size in Spain.
Management Team

Santos Gutierrez-Barquin

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:

7.5
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 Gutierrez-Barquin

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

Juan March de la Lastra

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

Juan March Juan

TITLE
Vice Chairman
COMPENSATION
€282K

Ramón Carné Casas

TITLE
Executive Director
COMPENSATION
€504K
TENURE
8.9 yrs

José Ramón del Caño Palop

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

José Domingo de Ampuero y Osma

TITLE
Independent Director
COMPENSATION
€75K
TENURE
6.9 yrs

Cristina Garmendia Mendizábal

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

Carlos Alfonso González Fernández

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

Antón Pradera Jáuregui

TITLE
Independent Director
COMPENSATION
€80K
AGE
64
TENURE
4.8 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 (€)
23. Jan 20 Buy José Carlos March Delgado Individual 17. Jan 20 20. Jan 20 59,908 €47.61 €2,847,353
14. Jan 20 Buy José Carlos March Delgado Individual 09. Jan 20 09. Jan 20 12,374 €47.92 €592,962
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
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.

News

Simply Wall St News

Should You Buy Corporación Financiera Alba SA (BME:ALB) For Its Dividend?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Corporación Financiera Alba SA (BME:ALB) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … Let's dig deeper into whether Corporación Financiera Alba should have a place in your portfolio.

Simply Wall St -

Is It Time To Sell Corporación Financiera Alba SA (BME:ALB) Based Off Its PE Ratio?

and want to better understand how you can grow your money by investing in Corporación Financiera Alba SA (BME:ALB). … Corporación Financiera Alba SA (BME:ALB) trades with a trailing P/E of 23.6x, which is higher than the industry average of 12.5x. … While this makes ALB appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Should You Be Holding Corporación Financiera Alba SA (BME:ALB)?

Corporación Financiera Alba SA (BME:ALB) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the following section, I expand a bit more on these key aspects.

Simply Wall St -

Who Are The Top Investors In Corporación Financiera Alba SA. (BME:ALB)?

See our latest analysis for Corporación Financiera Alba BME:ALB Ownership_summary May 21st 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in ALB need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Should You Be Tempted To Buy Corporación Financiera Alba SA. (BME:ALB) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ALB Price per share = €49.4 Earnings per share = €8.18 ∴ Price-Earnings Ratio = €49.4 ÷ €8.18 = 6x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with ALB, then ALB’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with ALB, ALB’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

Have Investors Priced In Corporación Financiera Alba SA.'s (BME:ALB) Growth?

Great news for investors – Corporación Financiera Alba is still trading at a fairly cheap price. … Corporación Financiera Alba’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Does Corporación Financiera Alba SA.'s (BME:ALB) Recent Track Record Look Strong?

After reading Corporación Financiera Alba SA.'s (BME:ALB) latest earnings update (31 December 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … View our latest analysis for Corporación Financiera Alba Did ALB's recent earnings growth beat the long-term trend and the industry? … Given that these figures are fairly myopic, I’ve determined an annualized five-year value for ALB's net income, which stands at €266.39M This means that, generally, Corporación Financiera Alba has been able to increasingly grow its earnings over the last few years as well.

Simply Wall St -

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.
ALB
Exchange: BME
Founded: 1986
€1,933,568,000
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
1,596
Corporación Financiera Alba employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:20
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/17
Last earnings filing: 2020/03/02
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.