The share 1

Cabecera Banc de Sabadell

Sabadell Share

The shares are represented by book entries and are listed on the stock exchanges of Barcelona, Bilbao, Madrid and Valencia and the Spanish Stock Exchange Interconnection System "SIBE" / Continuous Market.

For full financial information you can access our portal: www.bsmarkets.com.

Key share data

jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Sep-18 Jun-18
Number of shareholders 247,003 234,082 235,034 236,844 237,675 240,887 235,523 234,064 234,009
Number of shares (M) 5,626 5,626 5,626 5,626 5,626 5,626 5,626 5,626 5,626
Last (end of quarter) (€) 0.309 0.469 1.040 0.890 0.911 0.888 1.001 1.339 1.436
High (YTD) (€) 1.080 1.080 1.130 1.083 1.083 1.083 1.945 1.945 1.945
Low (YTD) (€) 0.250 0.395 0.714 0.714 0.832 0.832 0.950 1.308 1.366
Market cap. (€M) 1,728 2,627 5,759 4,928 5,044 4,915 5,567 7,457 8,001
EPS (€) 0.03 0.03 0.13 0.15 0.15 0.15 0.05 0.04 0.02
P/E 9.43 15.78 8.29 5.88 6.13 5.74 20.11 37.50 59.96
BV per share (€) 2.35 2.33 2.38 2.38 2.35 2.30 2.25 2.25 2.23
P/BV (x) 0.13 0.20 0.44 0.37 0.39 0.39 0.45 0.60 0.64
Nominal value per share (€) 0.125 0.125 0.125 0.125 0.125 0.125 0.125 0.125 0.125

Capital issuance

Date Action New shares Total shares Nominal value (€) Capital (€) Voting rights
23.11.2017 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) IV/2013 10,813,505 5,626,964,701 0.125 703,370,587.63 5,626,964
16.11.2016 Capital increase · Partial conversion of Subordinated Mandatory Convertible Debentures (OSNC) IV/2013 14,721,130 5,616,151,196 0.125 702,018,899.50 5,616,151
16.11.2016 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) III/2013 35,168,313 5,601,430,066 0.125 700,178,758.25 5,601,430
04.05.2016 Capital increase· Scrip dividend 127,016,761 5,566,261,753 0.125 695,782,719.13 6,957,827
10.12.2015 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) II/2013 110,856,166 5,439,244,992 0.125 679,905,624.00 6,799,056
26.11.2015 Capital increase · Partial conversion of Subordinated Mandatory Convertible Debentures (OSNC) Series III/2013 and IV/2013 10,312,149 5,328,388,826 0.125 666,048,603.25 6,660,486
06.08.2015 Capital increase · Final conversion of Subordinated Mandatory Convertible Debentures (OSNC) I/2013 130,720,394 5,318,076,677 0.125 664,759,584.63 6,647,595

 

Shareholder structure

   Shareholding according to holding size (30.09.2020)

 
Shareholding tranches Shareholders Shares %Capital
Up to 12,000 192,857 618,097,368 10.98
From 12,001 to 120,000 50,326 1,568,986,775 27.88
From 120,001 to 240,000 2,080 339,786,769 6.04
From 240,001 to 1,200,000 1,209 525,202,631 9.33
From 1,200,001 to 15,000,000 161 395,637,646 7.03
Over 15,000,000 38 2,179,253,512 38.73
Total 246,671 5,626,964,701 100.00

 

Shareholders' agreements

Banco Sabadell is not aware of any shareholders’ agreements currently in effect.

Shareholder remuneration

   Year              Type Payment date Ex-dividend date   Gross amount (€) Net amount (€)
   2019     Final dividend 03.04.2020 01.04.2020   0.02 0.0162
   2019     Interim dividend 24.12.2019 20.12.2019   0.02 1 0.0162
                Total       0.04 0.0324
   2018     Final dividend 05.04.2019 03.04.2019   0.01 0.0081
   2018     Interim dividend 28.12.2018 24.12.2018   0.02 0.0162
                Total       0.03 0.0243
   2017     Final dividend 27.04.2018 25.04.2018   0.05 0.0405
   2017     Interim dividend 29.12.2017 27.12.2017   0.02 0.0162
                Total       0.07 0.0567
   2016     Final dividend 07.04.2017 05.04.2017   0.03 0.0243
   2016     Interim dividend 30.12.2016 28.12.2016   0.02 0.0162
                Total       0.05 0.0405
   2015     "Sabadell Dividendo Flexible" 22.04.2016 05.04.2016   0.048 2 0.0389
   2015     Supplementary remuneration 14.04.2016 07.04.2016   0.02 3 0.02
                Total       0.068 0.0589
   2014     "Sabadell Dividendo Flexible" 22.06.2015 02.06.2015   0.039 4 0.0312
   2014     Supplementary remuneration 15.06.2015 06.06.2015   0.01 5 0.01
                Total       0.049 0.0412
   2013     Supplementary remuneration 04.04.2014 -   0.02 6 0.02
   2013     Interim dividend 03.04.2014 -   0.01 0.0079
                Total       0.03 0.0279
   2012     Supplementary remuneration 05.04.2013 -   0.02 7 0.02
   2012     Interim dividend 05.04.2013 -   0.01 0.0079
                Total       0.03 0.0279
   2011     Supplementary remuneration 08.06.2012 -   0.05 8 0.05
   2011     Interim dividend 06.09.2011 -   0.05 0.0405
                Total       0.10 0.0905
   2010     Final dividend 19.04.2011 -   0.06 0.0486
   2010     Interim dividend 20.12.2010 -   0.09 0.0729
                Total       0.15 0.1215
   2009     Supplementary remuneration 23.04.2010 -   0.089 0.08
   2009     Interim dividend 15.12.2009 -   0.07 0.0574
   2009     Interim dividend 01.09.2009 -   0.07 0.0574
                Total       0.22 0.1948

 

1. Delivery of shares held in treasury stock. Reference value: 1.0725 euros. Delivery proportion: 1 share for every 66.20368225 shares.
2. Amount at which Banco Sabadell acquired the rights to free assignment. Distribution proportion: 1 share for every 34 shares.
3. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 1.665 euros. Resulting proportion: 1 share for every 83.25 shares.
4. Amount at which Banco Sabadell acquired the rights to free assignment. Distribution proportion: 1 share for every 59 shares.
5. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 2.3388 euros. Resulting proportion: 1 share for every 233.88 shares.
6. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 2.2260 euros. Resulting proportion: 1 share for every 111.3 shares.
7. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 1.5461 euros. Resulting proportion: 1 share for every 77.305 shares.
8. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 1.4072 euros. Resulting proportion: 1 share for every 28.144 shares.
9. Distribution in kind of part of the share premium in the form of shares held in treasury stock. Benchmark value: 4.2402 euros. Resulting proportion: 1 share for every 53 shares.

Investor's calendar

Event

Date

Blackout 3Q20 Financial results

16-30 October 2020

3Q20 Financial results

30 October 2020 at 13.00h (CET)

Former events

Event

Date

BofA Global Research 25th Annual Financials CEO Conference

22-23 September 2020 (virtual)

Barclays - Global Financial Conference (NY)

14 September 2020 (virtual)

2Q20 Financial results

31 July 2020 at 9.00am (CEST)

Blackout 2Q20 Financial results

17-31 July 2020

Citi - Virtual Spanish Banks Trip

22 June 2020 (virtual)

Goldman Sachs 24th Annual European Financials Conference

12 June 2020, Rome (virtual)

AERI - BofA Made in Iberia Days

5 June 2020 (virtual)

2020 Autonomous European Banks and Exchanges Rendez-Vous

19 May 2020, London (virtual)

KBW UK & European Financials Conference

12 May 2020, London (virtual)

1Q20 Financial results

30 April 2020 at 01.00pm (CEST)

Blackout 1Q20 Financial results

16-30 April 2020

Shareholders’ annual meeting

26 March 2020, Alicante

Morgan Stanley European Financials Conference

17 March 2020, London (virtual)

Speed-Dating Natixis (Fixed income)

26 February 2020, Paris

Santander Iberian Conference 2020

5 February 2020, Madrid

4Q19 Financial results

30 January 2020 at 06.00pm (CET)

Blackout 4Q19 Financial results

17-31 January 2020

TSB Investor & Analyst Day 2019

25 November 2019 at 11.00am (CET), London

Blackout TSB Investor & Analyst Day 2019

11-25 November 2019

3Q19 Financial results

25 October 2019 at 9.00am (CEST)

Blackout 3Q19 Financial results

11-25 October 2019

Financial Institutions Group DCM Issuer and Investor Event (Fixed income)

10 October 2019, Milano

BofAML 24th Annual Financials CEO Conference 2019

25 September 2019, London

Euromoney / ECBC Covered Bond Congress 2019 (Fixed income)

12 September 2019, Munich

Barclays Global Financial Services Conference

9-10 September 2019, New York

2Q19 Financial results

26 July 2019 at 9.00am (CEST)

Blackout 2Q19 Financial results

12-26 July 2019

Goldman Sachs - Chairmen's Forum

5 July 2019, London

AFME & IMN's Global ABS

11-13 July  2019, Barcelona

Goldman Sachs 23th Annual European Financials Conference

7 June 2019, Paris

Unicredit Conference (Fixed income)

4 June 2019, Munich

2019 Fidentiis Iberian Company Meetings

23 May 2019, Madrid

Autonomous Financials Rendez-Vous

21 May 2019, London

KBW European Financials Conference

14 May 2019, London

1Q19 Financial results

26 April 2019 at 9.00am (CEST)

Blackout 1Q19 Financial results

12-26 October 2019

Morgan Stanley European Financials Conference

19 March 2019, London

Deutsche Bank Global Bank Capital Forum (Fixed income)

13 March 2019, London

Natixis Speed Dating Conference (Fixed income)

19 February 2019, Paris

Santander Iberian Conference 2019

6 February 2019, Madrid

4Q18 Financial results

1 February 2019 at 8.30am (CET)

Blackout 4Q18 Financial results

18 January-1 February  2019

Exane BNP Paribas – Spain Investor Day 2019

15 January 2019

3Q18 Financial Results

26 October 2018

2Q18 Financial Results

27 July 2018

1Q18 Financial Results

26 April 2018

Investor & Analyst Day 2018

23 February 2018

4Q17 Financial Results

2 February 2018

3Q17 Financial Results

27 October 2017

2Q17 Financial Results

28 July 2017

1Q17 Financial Results

28 April 2017

4Q16 Financial Results

27 January 2017

3Q16 Financial Results

28 October 2016

2Q16 Financial Results

22 July 2016

1Q16 Financial Results

22 April 2016

4Q15 Financial Results

29 January 2016

3Q15 Financial Results

23 October 2015

2Q15 Financial Results

24 July 2015

1Q15 Financial Results

24 April 2015

4Q14 Financial Results

29 January 2015

3Q14 Financial Results

30 October 2014

2Q14 Financial Results

24 July 2014

1Q14 Financial Results

24 April 2014

4Q13 Financial Results

23 January 2014

3Q13 Financial Results

24 October 2013

2Q13 Financial Results

25 July 2013

1Q13 Financial Results

25 April 2013

4Q12 Financial Results

24 January 2013

3Q12 Financial Results

25 October 2012

2Q12 Financial Results

25 July 2012

1Q12 Financial Results

26 April 2012

 

Equity analysts

Equity research analyst coverage (last update: 14.10.2020)



Broker Analyst Date Target price (€) Recommendation
JB Capital Maksym Mishyn 30.09.2020 0.55 Neutral
Barclays Fernando Gil 13.07.2020 0.50 Neutral
AlphaValue David Grinsztajn 27.07.2020 0.49 Buy
Fidentiis Mario Ropero 11.08.2020 0.49 Buy
Deutsche Bank Kazim Andac 21.05.2020 0.44 Neutral
Bankinter Rafael Alonso 04.05.2020 0.44 Neutral
Norbolsa Nagore Díez 25.05.2020 0.41 Sell
Redburn Gonzálo López 22.04.2020 0.40 Sell
Mediobanca Andrea Filtri 05.05.2020 0.40 Neutral
Santander José Coll 19.06.2020 0.40 Neutral
HSBC Iason Kepaptsoglou 16.09.2020 0.39 Neutral
Autonomous Britta Schimdt 04.06.2020 0.38 Neutral
KBW Daragh Quinn 07.09.2020 0.35 Neutral
Jefferies Benjie Creelan 19.05.2020 0.35 Neutral
Exane Ignacio Ulargui 16.07.2020 0.35 Sell
Caixabank- BPI Carlos Peixoto 02.07.2020 0.34 Sell
Société Générale Carlos Cobo 04.05.2020 0.34 Sell
Citi Stefan Nediakov 01.10.2020 0.33 Neutral
Alantra Francisco Riquel 29.09.2020 0.33 Neutral
Goldman Sachs José Abad 07.08.2020 0.32 Neutral
Ahorro Ya-Lan Liu 29.04.2020 0.31 Sell
J.P. Morgan Sofie Peterzens 06.10.2020 0.30 Neutral
Berenberg Andrew Lowe 17.06.2020 0.30 Comprar
UBS Ignacio Cerezo 29.09.2020 0.30 Neutral
Beka Marisa Mazo 01.09.2020 0.29 Neutral
BofAML Marta Sánchez 23.04.2020 0.20 Sell
Average 0.37

Breakdown of equity research analysts’ recommendations

Cobertura analistes

Banco Sabadell is covered by the analysts listed above. This list may not be complete and is subject to change. Please note that any opinions, estimates or forecasts regarding Banco Sabadell’s future performance reflect the analyst’s view and do not represent opinions, estimates or forecasts of Banco Sabadell or its management. Banco Sabadell provides this data for your information. It is not Banco Sabadell’s intention to endorse the analyst’s view or provide any form of investment advice. Banco Sabadell accepts no liability derived from this information or the conclusions and recommendations provided by these analysts.

Consensus of estimated annual results for Sabadell Group


(€M) 2020e 2021e 2022e
Net interest income 3,458 3,439 3,449
Net fees and commissions 1,345 1,368 1,407
Gross income 4,718 4,652 4,688
Total expenses -3,139 -3,100 -3,100
Pre-provision profit 1,579 1,552 1,588
Attributable net profit 127 143 337
 

Average based on 26 research analysts' estimates.

 

1. Consensus based on estimates provided by research analysts covering Banco Sabadell’s shares. Some of those estimates may not be public, for which reason research analysts’ consensus could differ from consensus published by other financial information providers. Banco Sabadell does not provide any guarantee, whether implicitly or explicitly, as to the accuracy or completeness of the information referred to herein. The fulfilment of these estimates is not guaranteed by Banco Sabadell.
2. These figures and estimates are outside of the scope of mandatory information required by the National Securities Market Commission (CNMV for its acronym in Spanish). They are provided as a courtesy of Banco Sabadell for their possible relevance and for information purposes only.
3. This information does not represent the opinions, estimates or forecasts of Banco Sabadell or its directors or managers, and must not be interpreted as investment advice given by Banco Sabadell. This information may not include an exhaustive list of the entities and analysts that follow Banco Sabadell’s shares and is subject to change. Under no circumstances shall Banco Sabadell be liable for any errors or omissions in the foregoing, or for any type of loss or damage arising in connection with the same.