Banco Bilbao Viscaya Argentaria S.A. (BBVA) vs ING Group, N.V. (ING)

Banco Bilbao Viscaya Argentaria S.A. and ING Group, N.V. are both Banks Diversified companies. Banco Bilbao Viscaya Argentaria S.A. is the larger, with a market value of $157.5B against $102.6B — 1.5× the size. Banco Bilbao Viscaya Argentaria S.A. trades at the lower P/E: 13.1× against 15.5×. Banco Bilbao Viscaya Argentaria S.A. grew revenue faster over the last twelve months: 19.1% against −40.1%. ING Group, N.V. has the higher net margin (81.9% vs 26.8%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; ING Group, N.V. yields more (8.23% vs 7.09%). Across the 18 metrics below, Banco Bilbao Viscaya Argentaria S.A. leads on 10 and ING Group, N.V. on 8.

Valuation

Metric BBVA ING Banks Diversified median
P/E 13.12 15.49 13.67
P/S 3.57 11.97 2.72
P/B 2.25 1.68 1.69
Price to free cash flow 4.53 2.69 4.53
EV/EBITDA n/m n/m —
EV/Sales 0.94 4.38 —
Earnings yield 7.62% 6.46% 7.33%
Free cash flow yield 22.07% 37.11% 7.63%

Profitability

Metric BBVA ING Banks Diversified median
Gross margin 100.00% 100.00% 67.18%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.82% 81.92% 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 ING Banks Diversified median
Revenue growth (TTM) 19.14% (40.08%) 4.67%
EPS growth (last fiscal year) 9.34% 12.15% —
Revenue growth, 5-year CAGR 9.75% 18.35% 14.34%
Net income growth, 5-year CAGR 50.32% 29.66% 10.77%

Health

Metric BBVA ING Banks Diversified median
Debt to equity 1.77 2.99 1.39
Current ratio 1.06 1.10 0.87
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BBVA ING Banks Diversified median
Dividend yield 7.09% 8.23% 3.80%
Payout ratio 0.37 0.34 0.31

Size

Metric BBVA ING Banks Diversified median
Market cap 157.54b 102.60b 186.46b

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