CaixaBank (CAIXY)
OTHER OTC:CAIXY
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CaixaBank SA
(OTC:CAIXY)
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Rating:73Outperform
Price Target:
$4.00
â–²(15.61% Upside)
Action:ReiteratedDate:02/26/26
The score is driven mainly by solid financial performance (strong profitability and margins, tempered by leverage and cash-flow volatility) and a constructive earnings outlook (improving asset quality, strong capital and shareholder returns, but rate-dependent NII and near-term cost pressure). Valuation is supportive with a moderate P/E and ~3.5% yield, while technical signals are largely neutral.
Positive Factors
Capital position & shareholder returns
A CET1 ratio above 12.5% with active buybacks and a raised dividend policy provides a durable capital buffer and returns discipline. Strong capital capacity supports regulatory resilience, organic lending growth and targeted distributions without forcing risky balance-sheet moves.
Negative Factors
Interest-rate sensitivity & hedge reliance
Material dependence on the rate path and large structural hedges make NII outcomes path-dependent. Hedge rollovers and ALCO reinvestment timing can materially alter medium-term NII, creating execution and market-risk exposure that can compress earnings if rates move unfavorably.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital position & shareholder returns
A CET1 ratio above 12.5% with active buybacks and a raised dividend policy provides a durable capital buffer and returns discipline. Strong capital capacity supports regulatory resilience, organic lending growth and targeted distributions without forcing risky balance-sheet moves.
Read all positive factors
CaixaBank SA (CAIXY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$87.93B
Dividend Yield3.61%
Average Volume (3M)652.74K
Price to Earnings (P/E)12.3
Beta (1Y)0.60
Revenue Growth-5.82%
EPS Growth14.88%
CountryUS
Employees46,254
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.08
Shares Outstanding21,073,773,000
10 Day Avg. Volume390,552
30 Day Avg. Volume652,741
Financial Highlights & Ratios
PEG Ratio3.13
Price to Book (P/B)1.89
Price to Sales (P/S)3.02
P/FCF Ratio1.80
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue5.02
Enterprise Value/Gross Profit5.02
Enterprise Value/Ebitda17.06
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.34
Revenue Forecast (FY)$20.06B
CaixaBank SA Business Overview & Revenue Model
Company Description
CaixaBank, 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 solu...
How the Company Makes Money
CaixaBank makes money primarily through its banking intermediation and fee-based financial services. (1) Net interest income: It earns interest on loans and credit exposures (e.g., mortgages, consumer loans, SME/corporate lending) and on securitie...
CaixaBank SA Earnings Call Summary
Earnings Call Date:Jan 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call was broadly positive: CaixaBank reported a strong year with balanced volume growth (~7% lending and funds), improved asset quality (NPLs down, cost of risk 22 bps), robust fee engines (wealth/protection) and solid capital (CET1 12.56%) enabling higher shareholder returns (DPS +15%, ongoing buyback). Near-term headwinds include a FY NII decline (–3.9%) that is recovering Q/Q, a subdued recurring banking-fee base, elevated transformation-related costs before efficiency gains arrive, and continued dependence on the rate environment and hedging dynamics for 2027 NII targets. Overall, the positive operational momentum, capital strength and asset-quality improvement materially outweigh the manageable challenges.Positive Updates
Strong full-year profitability
Net income EUR 5.9bn, up 1.8% year-on-year; Return on tangible equity 17.5% (upper end of guidance); EPS +5%; book value per share and dividends growth ~16%.
Negative Updates
Net interest income headwinds in 2025
NII down 3.9% for FY 2025 (in line with guidance) despite Q4 recovery (+1.5% Q/Q); customer spread around 297–302 bps with loan yields continuing to moderate (loan yield –6 bps Q/Q).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong full-year profitability
Net income EUR 5.9bn, up 1.8% year-on-year; Return on tangible equity 17.5% (upper end of guidance); EPS +5%; book value per share and dividends growth ~16%.
Read all positive updates
Company Guidance
Management upgraded its multi‑year ambition while keeping 2026 guidance consistent with the move to 2027: target RoTE ~20% in 2027 (average >18% over the plan; ~18% in 2026) with NII reference of EUR 12.5bn for 2027 (above EUR 11bn in 2026) and revenue from services growing mid‑single‑digits (~5%); operating costs guided to a ~4% CAGR (costs +5.0% in 2025, ~4.5% in 2026) with cost/income moving from the low‑40s toward the high‑30s (Q4 cost/income 39.4%). Balance‑sheet targets assume ~6% CAGR in lending and customer funds (2025 performing loans +7%; mortgages +6.5%, consumer +12.4%, business +7.6%; customer funds +6.8% with non‑interest deposits +EUR17bn), deposit cost ~47bps, customer spread ~302bps (adjusted); asset quality targets are NPLs <1.75% (Q4 2.07%), cost of risk <25bps (2025 =22bps), coverage 77% and EUR 311m of unassigned provisions. Capital and liquidity guidance remain conservative: CET1 12.56% at year‑end 2025 (target 11.5–12.5%; distribution threshold 12.5% for 2026/27), payout 50–60% (DPS EUR0.50, +15%; EPS +5%), ongoing share buybacks (~EUR0.5bn in the 7th program), LCR >200%, NSFR ≈150% and MREL 28.18%.CaixaBank SA Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.24B | 24.11B | 26.83B | 24.07B | 15.22B | 13.27B |
| Gross Profit | 16.24B | 16.76B | 17.04B | 15.96B | 12.58B | 11.36B |
| EBITDA | 4.77B | 9.46B | 9.10B | 7.70B | 5.05B | 6.01B |
| Net Income | 6.06B | 5.89B | 5.79B | 4.82B | 3.13B | 5.23B |
Balance Sheet | ||||||
| Total Assets | 659.82B | 663.76B | 631.00B | 607.17B | 598.85B | 680.04B |
| Cash, Cash Equivalents and Short-Term Investments | 49.19B | 45.83B | 49.80B | 37.86B | 20.52B | 104.28B |
| Total Debt | 51.17B | 52.21B | 54.42B | 56.76B | 50.09B | 50.74B |
| Total Liabilities | 622.39B | 625.25B | 594.14B | 570.83B | 565.14B | 644.61B |
| Stockholders Equity | 37.42B | 38.51B | 36.83B | 36.31B | 33.67B | 35.39B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 40.31B | 16.53B | 14.94B | -80.79B | 37.95B |
| Operating Cash Flow | 0.00 | 40.69B | 16.85B | 15.74B | -79.88B | 38.63B |
| Investing Cash Flow | 0.00 | -36.48B | -152.00M | 203.00M | 164.00M | 13.89B |
| Financing Cash Flow | 0.00 | -8.02B | -4.75B | 1.39B | -3.98B | 88.00M |
CaixaBank SA Technical Analysis
Positive
3.46
Price Trends
3.99
Positive
3.94
Positive
3.58
Positive
Market Momentum
0.05
Negative
60.11
Neutral
93.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAIXY, the sentiment is Positive. The current price of 3.46 is below the 20-day moving average (MA) of 3.90, below the 50-day MA of 3.99, and below the 200-day MA of 3.58, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 60.11 is Neutral, neither overbought nor oversold. The STOCH value of 93.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAIXY.
CaixaBank SA Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $101.29B | 9.08 | 21.64% | 9.77% | 11.82% | 3.41% | |
73 Outperform | $87.93B | 12.35 | 15.47% | 3.61% | -5.82% | 14.88% | |
72 Outperform | $89.23B | 10.18 | 11.88% | 3.11% | 1.79% | 30.93% | |
69 Neutral | $86.40B | 10.95 | 12.12% | 3.77% | 2.91% | 33.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $79.70B | 12.62 | 9.93% | 3.19% | -20.94% | -18.71% | |
57 Neutral | $105.94B | 10.79 | 9.73% | 2.31% | -2.84% | 25.48% |
* Financial Sector Average
CAIXY
CaixaBank SA
4.15
1.71
70.12%
ITUB
Itau Unibanco
9.17
4.13
82.05%
LYG
Lloyds Banking
5.53
1.90
52.51%
MFG
Mizuho Financial
8.65
3.82
79.09%
PNC
PNC Financial
223.00
73.07
48.74%
USB
US Bancorp
56.51
19.45
52.49%
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.