CAIXABANK (CABK) AI Stock Analysis

• Market Cap: €70.06B
• Dividend Yield: 4.05%
• Average Volume (3M): 5.43M
• Price to Earnings (P/E): 12.5
• Beta (1Y): 1.23
• Revenue Growth: -7.50%
• EPS Growth: 12.76%
• Country: ES
• Employees: 46,254
• Sector: General
• Sector Strength: N/A
• Industry: Banks - Regional
• EPS (TTM): 0.20
• Shares Outstanding: 7,024,520,500
• 10 Day Avg. Volume: 5,435,778
• 30 Day Avg. Volume: 5,425,060
• PEG Ratio: 2.37
• Price to Book (P/B): 1.91
• Price to Sales (P/S): 2.82
• P/FCF Ratio: 1.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €11.58
• Price Target Upside: 16.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 0.88
• Revenue Forecast (FY): €17.19B

• Rating: 70 Outperform
• Price Target: €11.50 ▲(15.23% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven primarily by strong financial performance—healthy profitability and revenue expansion with improved 2025 leverage—offset by materially volatile cash flow history. Technicals are neutral with a longer-term uptrend but near-term consolidation, while valuation is supportive due to a moderate P/E and a ~4% dividend yield.

Positive Factors

Sustained Profitability

CaixaBank’s net profit margins have been consistently strong (~20%+ since 2022) and operating profitability remains robust. Durable margins and steady profitability support internal capital generation, dividend capacity and provide a buffer through credit cycles.

Improving Leverage

The meaningful deleveraging to ~1.34 D/E in 2025 (from >2.0) and rising equity materially improve financial resilience and regulatory headroom. Lower leverage reduces financing risk, enhances capacity to absorb losses and supports sustainable lending and strategic capital deployment.

Cash Conversion to Earnings

FCF conversion close to net income (~0.95–1.01x) indicates underlying earnings are largely backed by cash, supporting dividend sustainability and reinvestment. The strong 2025 rebound shows the franchise can generate cash when conditions normalize, aiding long-term funding self-sufficiency.

Negative Factors

Cash Flow Volatility

Historic swings in operating and free cash flow (including a severe 2022 outflow) create unpredictability in liquidity and capital planning. Volatility complicates provisioning, dividend visibility and strategic investments, elevating execution risk across economic cycles.

Recent Revenue Contraction

Reported revenue contraction (~-10% in the provided metric) signals pressure on top-line momentum. If structural, weaker revenue growth can compress fee income and earnings power, forcing greater reliance on cost-cutting or balance sheet moves to sustain profitability over months.

High Absolute Debt & Historical Leverage

Despite recent deleveraging, the bank still carries large absolute debt and a history of volatile leverage (peak ~3.74). High outstanding debt increases vulnerability to credit downturns and refinancing risk, potentially constraining capital returns and strategic flexibility in adverse conditions.

CAIXABANK 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 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 Money

CaixaBank primarily generates revenue through interest income from loans and mortgages, which constitutes a significant portion of its earnings. Additionally, the bank earns fee-based income from various services, including credit and debit card transactions, investment management, and insurance products. Key revenue streams include net interest income, which arises from the difference between interest earned on loans and interest paid on deposits, and non-interest income derived from service fees and commissions. CaixaBank also benefits from partnerships with other financial institutions and fintech companies, enhancing its service offerings and customer reach, thereby contributing positively to its overall revenue.

CAIXABANK Financial Statement Overview

Summary

Strong income statement quality (Income Statement Score 84) with sharp multi-year revenue expansion and consistently healthy profitability, supported by improved leverage in 2025 (Balance Sheet Score 71). The main drag is cash flow volatility (Cash Flow Score 62), including a severe 2022 outflow, which reduces confidence in consistency despite a strong 2025 rebound.

Income Statement

Revenue expanded sharply over the period, with a step-change in 2023 and another strong year in 2025, while profitability stayed solid. Net profit margin has been consistently healthy (roughly ~20%+ since 2022) and operating profitability remains strong. Offsetting this, margins have generally trended down versus the unusually high 2021 level, and 2024 revenue dipped modestly from 2023 before rebounding in 2025.

Balance Sheet

Leverage improved meaningfully in 2025 as debt-to-equity fell to ~1.34 from above 2.0 in 2023–2024, alongside steadily rising equity. Returns on equity are consistently solid (low-to-mid teens in most years), indicating decent capital efficiency. The key weakness is that leverage has been volatile historically (peaking near ~3.74 in 2020), and total debt remains large in absolute terms for a regional bank, which can pressure resilience in weaker credit cycles.

Cash Flow

Free cash flow has generally tracked net income closely (around ~0.95–1.01x), which supports earnings quality, and 2025 shows a very large rebound in operating and free cash generation versus 2024. However, cash flow is notably volatile: 2022 saw deeply negative operating and free cash flow, and the operating cash flow coverage measure swings widely year-to-year, highlighting unpredictability in cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.24B	26.04B	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	8.82B	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	664.04B	631.00B	607.17B	598.85B	680.04B
Cash, Cash Equivalents and Short-Term Investments	49.19B	45.83B	50.63B	4.16B	20.52B	104.28B
Total Debt	51.17B	85.50B	77.54B	84.50B	50.09B	50.74B
Total Liabilities	622.39B	625.51B	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	41.97B	16.53B	14.94B	-80.79B	37.95B
Operating Cash Flow	0.00	42.36B	16.85B	15.74B	-79.88B	38.63B
Investing Cash Flow	0.00	-37.98B	-152.00M	203.00M	164.00M	13.89B
Financing Cash Flow	0.00	-8.35B	-4.75B	1.39B	-3.98B	88.00M

CAIXABANK Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.98
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:CABK, the sentiment is Negative. The current price of 9.98 is below the 20-day moving average (MA) of 10.63, below the 50-day MA of 10.63, and above the 200-day MA of 8.99, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 36.83 is Neutral, neither overbought nor oversold. The STOCH value of 27.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:CABK.

CAIXABANK Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CABK	70 Outperform	€70.06B	12.48	15.73%	4.05%	-7.50%	12.76%
BBVA	68 Neutral	€107.26B	11.93	18.66%	3.39%	5.66%	8.16%
SAB	66 Neutral	€15.35B	10.53	7.75%	7.43%	-6.77%	-39.63%
BKT	64 Neutral	€12.09B	11.67	16.71%	3.64%	-7.12%	15.96%
UNI	62 Neutral	$6.39B	13.74	8.76%	5.80%	-9.39%	45.60%
SAN	60 Neutral	£141.00B	10.62	12.91%	1.82%	-16.49%	14.32%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%