Bankinter, S.A. (BKNIY)
NEUTRALファンダメンタル
61
株価
$16.75
時価総額
$15.12B
パート1 · 企業の価値
概要
Bankinter is a Spanish bank offering retail and private banking, corporate and SME lending, and consumer finance in Spain, Portugal, Ireland and Luxembourg. It is smaller than Spain's largest banks but has built a reputation for high asset quality and a digitally focused, efficient operating model, and it has been expanding its consumer-finance and Irish mortgage business as newer growth lines.
収益の仕組み
Like any bank, Bankinter earns the spread between what it pays on deposits and what it charges on loans, plus fees from wealth management, insurance distribution and payment services. Management describes 2025's record profit as driven by growth in business with customers — more lending and more fee-generating activity — rather than by one-off items.
需要を左右する要因
景気循環型Lending volumes and the margin the bank earns on them move with the European Central Bank's interest-rate policy and with the health of the Spanish, Portuguese and Irish economies. Falling rates compress the margin on existing loans, while an economic downturn in any of its four markets can raise defaults, especially in more exposed portfolios like SME lending.
主なリスク
- Sensitivity to ECB interest-rate policy — The bank's net interest margin depends directly on the European Central Bank's policy rates, which affect what it earns on loans and pays on deposits; changes in either direction move profitability more than management can offset in the short term.
- Uneven credit risk across the loan book — At year-end 2025 the SME portfolio carried a non-performing loan ratio of 6.3%, well above the 0.8% ratio in Corporate Banking, showing that growth in higher-risk lending segments can weigh on overall asset quality even while the group average stays low.
- Operating across four regulatory regimes — Bankinter is supervised across Spain, Portugal, Ireland and Luxembourg, each with its own regulatory requirements and market conditions, adding complexity and compliance cost compared with a single-market competitor.
強気材料
Buyers argue that Bankinter's low non-performing loan ratios relative to the sector and its record 2025 profit show a well-run, efficient bank, and that its expansion into Irish mortgages and consumer finance gives it growth avenues beyond a mature Spanish retail market.
弱気材料
Sellers fear that Bankinter's profitability is tightly linked to ECB rate decisions it cannot influence, that its faster-growing SME and consumer-finance books carry meaningfully higher default risk than its core lending, and that operating across four countries adds regulatory complexity a domestic-only bank does not face.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
貸借対照表と流動性
売上高
$3.09B
直近の公表四半期までの12か月 — 1株当たり指標からの推計
純利益
$1.71B
直近の公表四半期までの12か月 — 1株当たり指標からの推計
フリーキャッシュフロー
-
自己資本合計
$6.70B
負債合計
$11.96B
流動比率
-
利払い倍率
-
負債/EBITDA
-
一株当たり利益(EPS)
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
負債の重さ
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$26.20
現在株価
$16.75
安全マージン
+36.1%
適正価値レンジ
$17.03 - $35.37
推定方法
バリュエーション指標
P/E レシオ
8.89
ROE
17.9%
P/B レシオ
2.27
P/FCF
-
粗利益率
0.0%
ROIC
7.2%
収益性レーダー
Value Creation (Economic Moat)
ROIC
7.2%
WACC
5.9%
ROIC − WACC
+1.4 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
ファンダメンタル分析基準
合格(11)
- Price CAGR 12.02%
- ROIC 7.2%
- P/B Ratio 2.27
- Debt/Equity ratio
- Operating Margin 37.6%
- Price below Graham Number
- ROE 26.3%
- Revenue Growth 5Y 6.5%
- Analyst Consensus 50% Buy
- PEG Ratio 0.29
- Net Margin Trend 35.8% vs 32.8%
不合格(5)
- Gross Margin 0.0%
- DCF valuation (Unknown)
- Earnings Surprise avg 1.3%
- Earnings Quality (OCF/NI) 0.60
- Piotroski F-Score 1/9
データなし(11)
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- Share Dilution (missing shares data)
Piotroski F-スコア
重大な財務上の懸念
利益の質
中程度:利益とキャッシュの間にギャップがある
株式希薄化
株式を買い戻している。株主に友好的
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Ms. Gloria Ortiz Portero | CEO & Executive Director | - |
| Mr. Alfonso Botin-Sanz de Sautuola y Naveda | Executive Vice Chairman | 55 |
| Mr. Jacobo Diaz Garcia | Chief Financial Officer | - |
| Mr. Jaime Inigo Guerra Azcona | Director General of Investment Banking Area, Head of Legal & Tax Division and General Council | 52 |
| Mr. David López Finistrosa | Director of Investor Relations | - |
| Ms. María Paramés | Head of Employees, Corporate Communication & Quality | - |
| Ms. Marta Centeno Robles | Director of Corporate Development, Products & Markets | - |
| Mr. Alfonso Ma Saez | Head of Consumer Finance | - |
| Mr. Julio Gabriel Zapatero Gaviria | Director General & Chief Risk Officer | - |
| Mr. Antonio Muñoz | Head of Treasury & Capital Markets | - |
監査リスク
3
取締役会リスク
3
報酬リスク
4
株主権利リスク
1
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容:テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
Latest News
Recent headlines for BKNIY, sourced from Markets Gazette.