The BBVA share
Number of shareholders
Number of shares issued
Daily average number of shares traded
Daily average trading (million euros)
Maximum price (euros)
Minimum price (euros)
Closing price (euros)
Book value per share (euros)
Tangible book value per share (euros) (1)
Market capitalisation (million euros)
(1) Net of goodwill.
Share performance ratios
Price/Book value (times)
Price/Tangible book value (times) (1)
PER (Price/Earnings; times) (2)
Yield (Dividend/Price; %) (3)
(1) Net of goodwill.
(2) The 31-3-09 P/E is calculated taking into consideration the median of the analysts' estimates (April 2009).
(3) Dividend yield at 31-3-09 is calculated taking into consideration the median of analysts' estimates (April 2009).
banks in the world that had no need for capital
increases or government help to weather the crisis.
During the first quarter, BBVA’s share price varied
between €4.45 and €9.33, closing on 31st March 2009
at €6.11. This put market capitalisation at €22,900m.
Based on the above closing price, the price to earnings
ratio (PER) is 4.8 (calculated on average earnings
estimated by analysts for 2009). In 2008 PER was 6.5
Market capitalisation
(Million euros)
52,284
32,457
March
December
March
2008 2008 2009
22,900
–29.4%
31-03-09
919,195 903,897 891,266
3,747,969,121 3,747,969,121 3,747,969,121
58,814,357 55,548,033 53,969,024
399 676 769
9.33 16.82 16.82
4.45 7.04 12.41
6.11 8.66 13.95
7.40 7.09 6.82
5.36 5.02 5.20
22,900 32,457 52,284
31-03-09
(calculated on the actual figures at the end of that year).
Although the price-to-book multiple is 0.8 times, it
should be noted that the price-to-tangible-book
continues to be higher (1.1 times). Lastly, dividend yield
(calculated on average dividends estimated by analysts
for 2009) is 6.1%.
During the first quarter BBVA’s share continued to enjoy
a high level of liquidity. The average number of shares
traded each day was 59 million, an increase compared
to the same quarter last year. Moreover the number of
shareholders again increased to 919,195, compared to
903,897 at 31-Dec-08.
Lastly, on 20th April 2008 the bank paid a final gross
dividend against 2008 earnings in the form of 60.5
million shares from treasury stock. Taking the share
price of last 17th of April, this remuneration is
equivalent to €0.13 per share, thus bringing the total
payout for the shareholder against 2008 earnings to
€0.63 per share, at a time when many banks cancelled
their dividend.
31-12-08
31-12-08
0.8 1.2 2.0
1.1 1.7 2.7
4.8 6.5 10.4
6.1 7.1 4.4
1Q09 GROUP INFORMATION
The BBVA share
31-03-08
31-03-08
21
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