$Banco Bilbao Vizcaya Argentaria (BBVA.US)$Spanish company l...

In the past 5 years, revenue did not change much in the first 4 years, and soared 22.7% in 2022, mainly contributed by interest income from securities. The 5-year average net profit was 5.02 billion euros, and 2022 preferred stock dividends accounted for 4.9% of net profit, which had an average impact. Net profit attributable to common shareholders averaged 3.87 billion euros (US$4.2 billion) over 5 years. The return on net assets in 2022 was 13.44%, and the 5-year arithmetic average was 8.4%.

In the first three quarters of 2023, revenue increased 21.6%, and net profit increased 24.3%.

The balance ratio has increased slightly from 92.2% to 92.9% in the past 5 years, and is currently 92.95%. The company should have divested business in 2020. Goodwill and other intangible assets dropped sharply from $6.965 billion to $2,345 billion in 2020, and currently account for 4.3% of net assets. There are very few treasury shares, and the share capital of common shares has declined recently.

Currently, the price-earnings ratio is 8.3, and the price-earnings ratio is TTM 6.7. The 5-year average net profit corresponds to a price-earnings ratio of 12.2, a net price-earnings ratio of 0.94, and a dividend ratio of 3.75%. In the long run, dividends are very unstable, and the current valuation is not very attractive.