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-22 Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Sep-20 Jun-20
Number of shareholders 223,927 224,715 228,432 229,745 235,053 241,078 244,225 246,671 247,003
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) (€) 0.761 0.746 0.592 0.726 0.574 0.456 0.354 0.297 0.309
High (YTD) (€) 0.950 0.950 0.743 0.743 0.684 0.502 1.080 1.080 1.080
Low (YTD) (€) 0.565 0.565 0.343 0.343 0.343 0.343 0.250 0.250 0.250
Market cap. (€M) 4,255 4,170 3,306 4,082 3,231 2,544 1,976 1,660 1,728
EPS (€) 0.11 0.10 0.08 0.06 0.06 0.01 -0.01 0.02 0.03
P/E 6.68 7.35 7.69 12.73 10.27 49.54 -27.75 13.65 9.43
BV per share (€) 2.41 2.38 2.39 2.36 2.35 2.32 2.32 2.35 2.35
P/BV (x) 0.31 0.31 0.25 0.31 0.24 0.20 0.15 0.13 0.13
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 (30.06.2022)

 
Shareholding tranches Shareholders Shares %Capital
Up to 12,000 176,411 559,380,136 9.94
From 12,001 to 120,000 44,530 1,380,770,053 24.54
From 120,001 to 240,000 1,806 298,446,544 5.30
From 240,001 to 1,200,000 996 453,140,683 8.05
From 1,200,001 to 15,000,000 153 444,990,400 7.91
Over 15,000,000 31 2,490,236,885 44.26
Total 223,927 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 (€)
   2021     Dividend 01.04.2022 30.03.2022   0.03 0.0243
                Total       0.03 0.0243
   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

BofA - 27th Annual Financial CEO Conference

20 September 2022, (London)

CS - Euromoney/ECBC Covered Bond Congress

September 21, 2022 (Barcelona)

Online meeting for shareholders

October 3, 2022 (Virtual)

Natixis - Bank Capital Forum

October 4, 2022 (Paris)

ODDO BHF - Iberian Digital Forum

6-7 October 2021, (virtual)

Blackout 3Q22 Financial results

12-27 October 2022

3Q22 Financial results

October 27, 2022 at 09.00am (CEST)

Former events

Event

Date

Barclays - Global Financial Services Conference

13 September 2022, (New York)

BofA - Nordic Event

8 September 2022, (Copenhagen)

CaixaBank - XIX Iberian Conference

7 September 2022, (Porto)

2Q22 Financial results

July 28, 2022 at 08.30am (CEST)

Blackout 2Q22 Financial results

13-28 July 2022

JB Capital - Conferencia sector Financiero

21 June 2022, (Virtual)

AFME & IMN - Global ABS

14-16 June 2022, (Barcelona)

Berenberg Banks IR Speed Dating

9 June 2022, (virtual)

Goldman Sachs - European Financials Conference

9 June 2022, (Rome)

Deutsche Bank - Global Financial Services Conference

31 May 2022, (New York)

BME - Foro MEDCAP

26 May 2022, (Madrid)

JPM – meetings with Italian credit investors

24 May 2022, (Milano)

Commerzbank - ESG Virtual Event: Sustainability in volatile times

19 May 2022, (Virtual)

UBS - Best of Europe 1on1 VIRTUAL Conference

18 May 2022, (virtual)

HSBC - Evento Covered bond y AAA

16 May 2022, (Madrid)

BofA - Made in Iberia Conference

12 May 2022, (virtual)

1Q22 Financial results

April 28, 2022 at 09.00am (CEST)

Blackout 1Q22 Financial results

14-28 April 2022

BofA - Italy and Swiss Investors

7 April 2022, (Virtual)

UniCredit - Iberian Financial Institution Days

30 March 2022, (Virtual)

Morgan Stanley - European Financials Conference

March 17, 2022 (virtual)

BofA - ESG event

10 March 2022, (Virtual)

GS - Credit Investors speed dating event

9 March 2022, (Virtual)

Citi - Iberia FIG Credit Investor Update

3 March 2022, (Virtual)

Online meeting for shareholders

March 3, 2022 (virtual)

DB - Spanish issuers day

22 February 2022, (Virtual)

Santander – Iberian Conference

February 3, 2022

4Q21 Financial results

January 27, 2022 at 09.00am (CET)

Blackout 4Q21 Financial results

13-27 January 2022

Berenberg – Spanish Banks Virtual Trip

November 23, 2021 (virtual)

Online meeting for shareholders

November 18, 2021 (virtual)

JB Capital - Iberian Conference 2021

November 10, 2021 (virtual)

3Q21 Financial results

October 28, 2021 at 09.00am (CET)

Blackout 3Q21 Financial results

14-28 October 2021

ODDO BHF – Iberian Digital Forum

6-7 October 2021, (virtual)

BofA 26th Annual Financials CEO Conference 2021

September 21, 2021 (virtual)

Barclays - Global Financial Conference NY

September 14, 2021 (virtual)

Kepler Cheuvreux - Autumn Conference 2021

September 13, 2021 (virtual)

2Q21 Financial results

July 29, 2021 at 09.00am (CEST)

Blackout 2Q21 Financial results

15-29 July 2021

AERI - BofA Made in Iberia Days

June 22, 2021 (virtual)

Goldman Sachs 25th Annual European Financials Conference

9 June 2021, Berlin (virtual)

Banco Sabadell Investor & Analyst Day 2021

May 28, 2021 (virtual)

Blackout Banco Sabadell Investor & Analyst Day 2021

14-28 May 2021

1Q21 Financial results

30 April 2021 at 11.30am (CEST)

Blackout 1Q21 Financial results

16-30 April 2021

Shareholders’ annual meeting

26 March 2021, Alicante

Morgan Stanley - Virtual European Financials Conference

17 March 2021, London (virtual)

4Q20 Financial results

1 February 2021 at 9.00am (CET)

Blackout 4Q20 Financial results

18 January - 1 February 2021

Exane BNP - 11th Spain Investors Day CEO conference

14 January 2021, Madrid (virtual)

JB Capital - XII Iberian Banks Field Trip

11 January 2021, Madrid (virtual)

3Q20 Financial results

30 October 2020 at 13.00h (CEST)

Blackout 3Q20 Financial results

16-30 October 2020

2Q20 Financial results

31 July 2020 at 09.00h (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



Broker Analyst Date Target price (€) Recommendation
Jefferies Benjie Creelan 17.08.2022 1.00 Buy
Redburn Gonzalo López 10.08.2022 n.a Neutral
KBW Daragh Quinn 05.08.2022 1.06 Neutral
Bankinter Rafael Alonso 04.08.2022 1.05 Buy
Santander Ignacio Mendez 04.08.2022 1.69 Buy
Morgan Stanley Álvaro Serrano 03.08.2022 1.00 Neutral
HSBC Domenico Santoro 03.08.2022 1.00 Buy
Mediobanca Andrea Filtri 03.08.2022 0.71 Neutral
Citi Borja Ramirez 03.08.2022 0.72 Neutral
UBS Ignacio Cerezo 02.08.2022 0.80 Buy
J.P. Morgan Sofie Peterzens 29.07.2022 0.90 Buy
ODDO BHF Steven Gould 29.07.2022 1.00 Neutral
JB Capital Maksym Mishyn. 13.07.2022 1.60 Buy
Autonomous Britta Schimdt 07.07.2022 1.18 Buy
Alantra Francisco Riquel 21.06.2022 1.23 Buy
Norbolsa Nagore Díez 17.06.2022 1.02 Buy
Caixabank-BPI Carlos Peixoto 15.06.2022 1.05 Buy
Exane Ignacio Ulargui 08.06.2022 0.90 Sell
AlphaValue David Grinsztajn 26.05.2022 0.78 Neutral
Berenberg Michael Christodoulou 29.04.2022 0.80 Neutral
Société Générale Carlos Cobo 28.04.2022 0.92 Neutral
Deutsche Bank Alfredo Alonso 31.03.2022 0.95 Buy
Beka Marisa Mazo 25.03.2022 1.22 Buy
Bestinver Susana Parras 09.02.2022 1.25 Buy
Renta 4 Nuria Álvarez 08.02.2022 1.01 Buy
Average 1.04

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) 2022e 2023e 2024e
Net interest income 3,581 3,894 4,071
Net fees and commissions 1,469 1,495 1,531
Gross income 4,910 5,050 5,320
Total expenses -2,891 -2,931 -3,005
Pre-provision profit 2,020 2,120 2,315
Attributable net profit 709 661 808
 

Average based on 13 research analysts' estimates who have published their figures for the years 2022-24 following the 2Q22 results presentation. 2023-24 figures include the impact of the new Spanish banking levy based on the average of the 13 research analysts, c.€180M in 2023 and c.€195M in 2024 (both figures are non-tax deductible). The average target price of these analysts is €1.03.
Data updated as at 15.09.2022.

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.