Banco Bilbao Viscaya Argentaria S.A. (BBVA) vs HSBC Holdings plc (HSBC)

Banco Bilbao Viscaya Argentaria S.A. and HSBC Holdings plc are both Banks Diversified companies. HSBC Holdings plc is the larger, with a market value of $345.5B against $157.5B — 2.2× the size. Banco Bilbao Viscaya Argentaria S.A. trades at the lower P/E: 13.1× against 14.2×. Banco Bilbao Viscaya Argentaria S.A. grew revenue faster over the last twelve months: 19.1% against −21.2%. HSBC Holdings plc has the higher net margin (61.9% vs 26.8%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; HSBC Holdings plc yields more (8.17% vs 7.09%). Across the 18 metrics below, Banco Bilbao Viscaya Argentaria S.A. leads on 10 and HSBC Holdings plc on 8.

Valuation

Metric BBVA HSBC Banks Diversified median
P/E 13.12 14.22 13.67
P/S 3.57 8.61 2.72
P/B 2.25 1.75 1.69
Price to free cash flow 4.53 2.39 4.53
EV/EBITDA n/m n/m —
EV/Sales 0.94 (15.53) —
Earnings yield 7.62% 7.03% 7.33%
Free cash flow yield 22.07% 41.81% 7.63%

Profitability

Metric BBVA HSBC Banks Diversified median
Gross margin 100.00% 100.00% 67.18%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.82% 61.91% 18.44%
Free cash flow margin 78.73% 0.00% 1.96%
Return on equity 17.50% 0.00% 11.14%
Return on assets 1.25% 0.00% 0.74%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric BBVA HSBC Banks Diversified median
Revenue growth (TTM) 19.14% (21.23%) 4.67%
EPS growth (last fiscal year) 9.34% (2.42%) —
Revenue growth, 5-year CAGR 9.75% 15.19% 14.34%
Net income growth, 5-year CAGR 50.32% 40.18% 10.77%

Health

Metric BBVA HSBC Banks Diversified median
Debt to equity 1.77 0.67 1.39
Current ratio 1.06 0.85 0.87
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BBVA HSBC Banks Diversified median
Dividend yield 7.09% 8.17% 3.80%
Payout ratio 0.37 0.35 0.31

Size

Metric BBVA HSBC Banks Diversified median
Market cap 157.54b 345.54b 186.46b

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