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CaixaBank SA (CAIXY)
OTHER OTC:CAIXY
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CaixaBank SA
(OTC:CAIXY)
Rating:80Outperform
Price Target:―
CaixaBank SA (CAIXY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$61.13B
Dividend Yield7.5%
Average Volume (3M)5.81K
Price to Earnings (P/E)9.3
Beta (1Y)0.39
Revenue Growth12.54%
EPS Growth23.91%
CountryUS
Employees46,254
SectorFinancial
Sector Strength74
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.07
Shares Outstanding21,256,908,000
10 Day Avg. Volume0
30 Day Avg. Volume5,810
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.27
Price to Sales (P/S)0.00
P/FCF Ratio-0.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
CaixaBank SA Business Overview & Revenue Model
Company DescriptionCaixaBank, S.A., together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services. In addition, the company is involved in the real estate business. As of September 30, 2021, it had 5,415 branches and 13,678 ATMs in Spain; and 316 branches and 1,440 ATMs in Portugal. CaixaBank, S.A. was founded in 1904 and is based in Valencia, Spain.
How the Company Makes MoneyCaixaBank SA generates revenue through various streams primarily centered around its banking operations. The core revenue comes from net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. Additionally, the bank earns fees and commissions from various banking services including account maintenance, payment processing, and asset management. CaixaBank also benefits from its insurance segment, where premiums from its life and non-life insurance products contribute to its earnings. Moreover, the bank's strategic partnerships and investments in digital banking and fintech solutions enhance its service offerings and support its revenue growth. The group’s diversified financial products and robust customer base are key contributors to its financial performance.
CaixaBank SA Earnings Call Summary
Earnings Call Date:Apr 30, 2025
(Q1-2025)
| % Change Since: 5.66%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Positive
The earnings call highlights strong client growth, improved asset quality, and notable revenue and income increases. However, there are challenges in the mortgage market and potential risks from global trade uncertainties. Despite these issues, the positive aspects significantly outweigh the negatives.Q1-2025 Updates
Positive Updates
Strong Client Growth and Loan Performance
Net gain of 340,000 clients and performing loans up 3%, indicating positive trends in client acquisition and loan performance.
Asset Quality and Capital Strength
Non-performing loans are down, cost of risk lower than expected, and strong capital position with a positive impact from Basel IV.
Revenue and Net Income Growth
Net income up 46% and service revenues up 7%, with positive trends in NII and provisions.
Significant Improvements in Wealth and Insurance Segments
Wealth Management inflows at record highs and protection insurance shows 12% growth, with strong market share gains.
Technological Advancements and Talent Acquisition
Successful hiring of 400 developers and progress in generative AI implementation yielding significant improvements.
Negative Updates
Challenges with Banking Tax and Accounting Changes
Different accounting for banking tax affecting income growth figures, requiring adjustments for accurate trend analysis.
Intense Mortgage Competition in Spain
Mortgage market remains highly competitive, impacting returns on standalone mortgages without cross-selling.
Potential Risks from Global Trade Tariffs
Uncertainty regarding global tariffs and trade could impact macroeconomic stability, though current trends are positive.
NII Decline in Portugal
NII in Portugal impacted by higher interest-bearing deposit balances, though repricing efforts are ongoing.
Company Guidance
During the first quarter of 2025, CaixaBank exhibited a strong performance, surpassing expectations in several key areas. The bank achieved a net client gain of 340,000 and reported a 3% increase in performing loans. Asset quality improved, with nonperforming loans declining and cost of risk lower than anticipated. Liquidity and capital remained robust, complemented by a positive impact from Basel IV. Revenue from services grew by 7%, while net income surged by 46%. The return on tangible equity approached 20%, and the cost-income ratio fell below 38%. The bank anticipates GDP growth of 2.5% in Spain and Portugal, considering a 0.2% impact from tariffs. Business volume increased by 6.5%, and customer funds grew by 8.5% year-on-year. Notable advancements were seen in digital transformation and AI implementation. Furthermore, new lending production rose by 15%, with a significant uptick in residential mortgages. The protection insurance sector also experienced a 12% growth. Overall, CaixaBank's first quarter performance set a positive tone for the remainder of the fiscal year.CaixaBank SA Financial Statement Overview
Summary
CaixaBank SA demonstrates strong profitability with notable margins and improving cash flows. The balance sheet is stable with moderate leverage, though revenue growth is stabilizing and leverage should be monitored.Income Statement
CaixaBank SA demonstrates strong profitability with a notable gross profit margin of 118.41% and a net profit margin of 37.27% in 2023. The revenue growth rate shows a slight decline of 0.90% from 2022, indicating stable revenue performance. EBIT and EBITDA margins are robust at 61.40% and 57.11%, respectively, showcasing operational efficiency.82
Very Positive
Balance Sheet
The balance sheet reflects a healthy equity position with an equity ratio of 5.98%. The debt-to-equity ratio is 1.56, indicating moderate leverage. Return on Equity (ROE) is strong at 13.27%, reflecting efficient use of equity capital. Overall, the balance sheet is stable, but leverage could be a concern if it increases further.75
Positive
Cash Flow
There is a significant positive shift in free cash flow from negative in 2022 to strong positive in 2023, yielding a free cash flow growth rate of 284.98%. The operating cash flow to net income ratio is 3.27, indicating good cash generation relative to net income, while the free cash flow to net income ratio is 3.10, highlighting strong cash conversion.79
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 18.80B | 16.41B | 12.92B | 13.04B | 11.36B | 9.12B | Gross Profit |
| 18.80B | 16.41B | 15.29B | 13.04B | 11.36B | 9.12B | EBIT |
| 5.45B | 9.13B | 7.93B | 4.32B | 5.31B | 1.60B | EBITDA |
| 5.79B | 0.00 | 7.38B | 4.83B | 5.58B | 1.83B | Net Income Common Stockholders |
| 5.35B | 5.79B | 4.82B | 3.13B | 5.23B | 1.38B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| -52.98B | 49.80B | 37.86B | 20.52B | 104.28B | 51.62B | Total Assets |
| 630.37B | 631.00B | 607.17B | 592.23B | 680.04B | 451.52B | Total Debt |
| 73.45B | 0.00 | 56.76B | 50.09B | 50.74B | 34.58B | Net Debt |
| 20.47B | -49.80B | -37.86B | 29.57B | -53.54B | -17.04B | Total Liabilities |
| 594.88B | 594.14B | 570.83B | 557.97B | 644.61B | 426.24B | Stockholders Equity |
| 35.46B | 36.83B | 36.31B | 34.23B | 35.39B | 25.25B |
| Cash Flow | Free Cash Flow | ||||
| 790.00M | 16.09B | 14.94B | -80.79B | 37.95B | 36.87B | Operating Cash Flow |
| 790.00M | 16.85B | 15.74B | -79.88B | 38.63B | 37.56B | Investing Cash Flow |
| 0.00 | -152.00M | 203.00M | 164.00M | 13.89B | 484.00M | Financing Cash Flow |
| 0.00 | -4.75B | 1.39B | -3.98B | 88.00M | -1.54B |
CaixaBank SA Technical Analysis
Neutral
2.80
Price Trends
2.68
Positive
2.49
Positive
2.17
Positive
Market Momentum
0.04
Positive
50.00
Neutral
24.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAIXY, the sentiment is Neutral. The current price of 2.8 is below the 20-day moving average (MA) of 2.85, above the 50-day MA of 2.68, and above the 200-day MA of 2.17, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 24.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CAIXY.
CaixaBank SA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $69.28B | 12.36 | 11.15% | 3.65% | 3.07% | 19.01% | |
80 Outperform | $61.13B | 9.26 | 17.23% | 7.50% | 12.54% | 23.91% | |
74 Outperform | $67.97B | 9.59 | 20.65% | 8.08% | -6.74% | 5.13% | |
72 Outperform | $62.20B | 13.18 | 8.73% | 4.91% | -2.65% | -14.84% | |
70 Outperform | $67.23B | 10.68 | 11.50% | 4.63% | 2.19% | 34.00% | |
65 Neutral | $67.94B | 11.99 | 8.45% | 2.33% | 13.63% | 27.77% | |
64 Neutral | $12.86B | 9.79 | 7.84% | 78.10% | 12.05% | -7.99% |
* Financial Sector Average
Performance Comparison
CAIXY
CaixaBank SA
2.80
1.08
62.79%
ITUB
Itau Unibanco
6.74
1.81
36.71%
LYG
Lloyds Banking
4.12
1.49
56.65%
MFG
Mizuho Financial
5.44
1.57
40.57%
PNC
PNC Financial
173.20
24.25
16.28%
USB
US Bancorp
42.69
5.16
13.75%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.