Recent News
On October 30, 2025 BBVA presented third-quarter results showing loan growth and a reported decline in profit driven by currency effects; management emphasized organic growth and outlined shareholder distribution plans including a €993 million buyback program. On September 22, 2025 BBVA increased its takeover offer for Banco Sabadell to €17 billion and opened an exchange window in early September. On September 4, 2025 BBVA participated in a coordinated tender offer to repurchase certain Colombian sovereign bonds; in November 2025 the bank executed part of a share buyback program, purchasing roughly €231 million of shares. BBVA announced an issuance of €1.0 billion in preferred securities contingent convertible into ordinary shares, with discretionary distributions set at 5.625% from November 11, 2025 to November 11, 2032.
Technical Analysis
ADX at 26.44 indicates a strong trend in place; directional lines show DI+ at 41.24 and increasing while DI- at 21.36 decreases, which supports a bullish directional bias and strengthens the near-term price case.
MACD sits at 0.54, above its signal line at 0.39, with the MACD increasing; the cross above the signal line confirms bullish momentum and aligns with the DI+ strength.
MRO registers 32.28 and increases; the positive MRO indicates price currently sits above the model target and the magnitude implies a material probability of mean reversion, which introduces near-term downside pressure against momentum.
RSI at 61.43 and rising reflects firm buying momentum but not an extreme overbought reading; combined with MACD and ADX, the technical picture favors continuation while vulnerability to pullback grows if momentum stalls.
Price trades above short-, medium- and long-term averages: close $21.83 exceeds the 12-day EMA $20.65, 20-day average $20.42, 50-day $19.39 and 200-day $15.82; the 20-day standard deviation bands place the close near the upper band, indicating price testing the short-term upper range. Ichimoku lines (Tenkan $20.67, Kijun $19.90) sit below price and provide support; the SuperTrend lower band near $20.80 offers a proximate technical support reference. Volume on the day at 1,094,566 sits below 10-day and 50-day averages, suggesting reduced participation behind the latest advance.
Fundamental Analysis
EPS reported at $0.49 missed the $0.51 estimate, producing an EPS surprise of -3.92%, and forward EPS sits at $0.40 with a forward P/E of 44.21. Trailing P/E equals 37.75, below the industry peer mean of 51.08 and the industry peer median of 46.33, indicating a lower P/E relative to peer central tendencies.
Price-to-book stands at 1.85, above the industry peer mean of 0.88013 and the peer median of 1.07133 but below the peer high of 1.99312. Price-to-sales at 10.89 sits above the industry peer mean of 6.46 and median of 7.39. WMDST values the stock as over-valued, reflecting these elevated sales and book multiples relative to peer central measures.
Free cash flow yield equals 15.73%, which exceeds the industry peer mean of 11.52% and the industry peer median of 13.02 and slightly exceeds the industry peer high of 15.275%; operating cash flow totaled $17,170,000,000 and free cash flow reached $16,751,000,000, supporting a strong cash-generation profile despite higher nominal valuation metrics.
Return on equity at 4.391% sits marginally below the industry peer mean of 4.758%. Return on assets at 0.318% falls slightly under the industry peer mean of 0.381%. Revenue growth most recently shows 12.26% (aggregate) while the reported revenue growth YoY figure equals -187.27%; earnings growth reports include a recent value of -7.55% alongside an earnings growth YoY figure of 28.31%, indicating mixed period-to-period dynamics that warrant detailed reconciliation at the company level. Net interest income reached $6,640,000,000 and net income totaled $2,531,000,000 for the period ending 2025-09-30.
Capital structure shows debt-to-equity at 1.4589 and debt-to-assets 0.1034; the bank maintains cash of $66,001,000,000 and net tangible assets of $54,976,000,000. Cost of debt runs near 7.172% while economic value added stands at 0.04553, reflecting modest capital economic returns against a higher valuation backdrop.
Valuation context: trailing metrics show a lower P/E compared with peer central tendencies but elevated P/S and P/B vs. peer means and medians; strong free-cash-flow generation contrasts with WMDST’s over-valued determination, signaling that cash strength does not fully offset premium pricing in WMDST’s model.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-30 |
| NEXT REPORT DATE: | 2026-01-29 |
| CASH FLOW | Begin Period Cash Flow | $ 40.0 B |
| Operating Cash Flow | $ 17.2 B | |
| Capital Expenditures | $ -419.00 M | |
| Change In Working Capital | $ 13.5 B | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 17.1 B | |
| End Period Cash Flow | $ 57.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 9.8 B | |
| Forward Revenue | $ 2.2 B | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 236.0 M | |
| Depreciation and Amortization | $ 379.0 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 14.8 B | |
| Interest Expense | $ 8.1 B | |
| Net Interest Income | $ 6.6 B | |
| Income Before Tax | $ 3.9 B | |
| Tax Provision | $ 1.2 B | |
| Tax Rate | 31.179 % | |
| Net Income | $ 2.5 B | |
| Net Income From Continuing Operations | $ 2.7 B | |
| EARNINGS | ||
| EPS Estimate | $ 0.51 | |
| EPS Actual | $ 0.49 | |
| EPS Difference | $ -0.02 | |
| EPS Surprise | -3.922 % | |
| Forward EPS | $ 0.40 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 813.1 B | |
| Intangible Assets | $ 2.7 B | |
| Net Tangible Assets | $ 55.0 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 66.0 B | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | $ 16.7 B | |
| Total Debt | $ 84.1 B | |
| Total Liabilities | $ 751.3 B | |
| EQUITY | ||
| Total Equity | $ 57.6 B | |
| Retained Earnings | $ 54.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 10.02 | |
| Shares Outstanding | 5.755 B | |
| Revenue Per-Share | $ 1.70 | |
| VALUATION | Market Capitalization | $ 106.5 B |
| Enterprise Value | $ 190.6 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 19.489 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 14.105 | |
| Asset To Liability | 1.082 | |
| Debt To Capital | 0.593 | |
| Debt To Assets | 0.103 | |
| Debt To Assets QoQ | 11.925 % | |
| Debt To Assets YoY | 18.192 % | |
| Debt To Assets IPRWA | high: 0.253 median: 0.174 mean: 0.173 BBVA: 0.103 low: 0.006 |
|
| Debt To Equity | 1.459 | |
| Debt To Equity QoQ | 15.467 % | |
| Debt To Equity YoY | 14.61 % | |
| Debt To Equity IPRWA | high: 4.219 median: 2.47 mean: 2.222 BBVA: 1.459 low: 0.06 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.847 | |
| Price To Book QoQ | 9.503 % | |
| Price To Book YoY | 68.348 % | |
| Price To Book IPRWA | high: 1.993 BBVA: 1.847 median: 1.071 mean: 0.88 low: 0.001 |
|
| Price To Earnings (P/E) | 37.755 | |
| Price To Earnings QoQ | 34.667 % | |
| Price To Earnings YoY | 79.642 % | |
| Price To Earnings IPRWA | high: 81.671 mean: 51.077 median: 46.326 BBVA: 37.755 low: 6.777 |
|
| PE/G Ratio | -5.003 | |
| Price To Sales (P/S) | 10.889 | |
| Price To Sales QoQ | -1.059 % | |
| Price To Sales YoY | 63.571 % | |
| Price To Sales IPRWA | high: 20.734 BBVA: 10.889 median: 7.39 mean: 6.464 low: 0.007 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 44.212 | |
| Forward PE/G | -5.858 | |
| Forward P/S | 47.886 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.012 | |
| Asset Turnover Ratio QoQ | 9.431 % | |
| Asset Turnover Ratio YoY | 7.895 % | |
| Asset Turnover Ratio IPRWA | high: 0.02 BBVA: 0.012 mean: 0.01 median: 0.01 low: 0.005 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 60.417 median: 29.484 mean: 29.061 low: 10.398 BBVA: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.043 | |
| CapEx To Depreciation | -1.775 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 140.3 B | |
| Net Invested Capital | $ 140.3 B | |
| Invested Capital | $ 140.3 B | |
| Net Tangible Assets | $ 55.0 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 7.172 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.645 % | |
| Revenue Growth | 12.262 % | |
| Revenue Growth QoQ | -197.433 % | |
| Revenue Growth YoY | -187.274 % | |
| Revenue Growth IPRWA | high: 13.707 % BBVA: 12.262 % mean: -1.565 % median: -5.177 % low: -11.514 % |
|
| Earnings Growth | -7.547 % | |
| Earnings Growth QoQ | -292.427 % | |
| Earnings Growth YoY | 28.307 % | |
| Earnings Growth IPRWA | high: 39.326 % BBVA: -7.547 % mean: -11.934 % median: -16.667 % low: -61.932 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 16.8 B | |
| Free Cash Flow Yield | 15.733 % | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | 317.986 % | |
| Free Cash Flow Yield IPRWA | BBVA: 15.733 % high: 15.275 % median: 13.024 % mean: 11.518 % low: 0.073 % |
|
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | 6.618 | |
| Cash Flow Margin | 29.761 % | |
| Cash Flow To Earnings | 1.15 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.318 % | |
| Return On Assets QoQ | -10.423 % | |
| Return On Assets YoY | -7.558 % | |
| Return On Assets IPRWA | high: 0.582 % mean: 0.381 % median: 0.368 % BBVA: 0.318 % low: 0.079 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.044 | |
| Return On Equity QoQ | -9.221 % | |
| Return On Equity YoY | -11.597 % | |
| Return On Equity IPRWA | high: 0.054 median: 0.052 mean: 0.048 BBVA: 0.044 low: 0.01 |
|
| DuPont ROE | 4.422 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |