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Bankinter, S.A. (BKNIY)

NEUTRAL
Financial ServicesBanks - RegionalSpain

Fundamental

61

Preço

$16.75

Capitalização de Mercado

$15.12B

Parte 1 · Quanto vale a empresa

Visão Geral

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.

Como gera receita

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.

O que impulsiona a procura

Cíclico

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.

Principais riscos

  • 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.

Os argumentos a favor

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.

Os argumentos contra

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 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balanço & Liquidez

Receita

$3.09B

Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação

Resultado Líquido

$1.71B

Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação

Fluxo de Caixa Livre

-

Capital Próprio Total

$6.70B

Passivo Total

$11.96B

Rácio de Liquidez

-

Cobertura de Juros

-

Dívida/EBITDA

-

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Subvalorizada

Valor Justo

$26.20

Preço Atual

$16.75

Margem de Segurança

+36.1%

Intervalo de Valor Justo

$17.03 - $35.37

Métodos de Estimativa

Analyst Target:$16.31
DCF:$39.79
PE-based:$13.29
Graham Growth:$63.32
EPV:$9.69
Consenso dos Analistas:Manter (14B / 9H / 5S)
Última Surpresa de Resultados:+7.46%

Métricas de Avaliação

Rácio P/E

8.89

ROE

17.9%

Rácio P/B

2.27

P/FCF

-

Margem Bruta

0.0%

ROIC

7.2%

Radar de Rentabilidade

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.

Critérios de Análise Fundamental

Aprovado (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%

Reprovado (5)

  • Gross Margin 0.0%
  • DCF valuation (Unknown)
  • Earnings Surprise avg 1.3%
  • Earnings Quality (OCF/NI) 0.60
  • Piotroski F-Score 1/9

Indisponível (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-Score

1/9

Preocupações financeiras graves

score
criteria

Qualidade dos Resultados

0.60

Moderada: alguma diferença entre lucros e caixa

Diluição de Ações

-

A recomprar ações. Favorável ao acionista

Governação

Equipa Executiva

NomeCargoIdade
Ms. Gloria Ortiz PorteroCEO & Executive Director-
Mr. Alfonso Botin-Sanz de Sautuola y NavedaExecutive Vice Chairman55
Mr. Jacobo Diaz GarciaChief Financial Officer-
Mr. Jaime Inigo Guerra AzconaDirector General of Investment Banking Area, Head of Legal & Tax Division and General Council52
Mr. David López FinistrosaDirector of Investor Relations-
Ms. María ParamésHead of Employees, Corporate Communication & Quality-
Ms. Marta Centeno RoblesDirector of Corporate Development, Products & Markets-
Mr. Alfonso Ma SaezHead of Consumer Finance-
Mr. Julio Gabriel Zapatero GaviriaDirector General & Chief Risk Officer-
Mr. Antonio MuñozHead of Treasury & Capital Markets-

Risco de Auditoria

3

Risco do Conselho

3

Risco de Remuneração

4

Risco dos Direitos dos Acionistas

1

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

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