SAB Stock Analysis: Banco de Sabadell S.A | MC
Banks - Diversified | MC, Spain | Market Cap: 16.516m EUR | 12M Return: 28.3% | ES0113860A34 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 51.3M
EPS Trend: 82.1%
Qual. Beats: 1
Rev. Trend: 26.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Banco de Sabadell, S.A. (SAB) is a diversified bank founded in 1881 and headquartered in Sabadell, Spain. It operates primarily in Spain, the United Kingdom, and Mexico, serving individual, business, and corporate clients through a multi-segment banking platform.
The company is structured around three main lines: retail banking, which includes current and savings accounts, mortgages, consumer loans, leasing, cards, insurance, and investment products for individuals; business banking, offering working capital products, revolving loans, medium- and long-term finance, structured finance, PoS terminals, and import/export services for companies and self-employed professionals; and corporate banking, which delivers advisory, treasury, investment banking, trading, custody, and research services to large corporations and financial institutions.
As a large-cap diversified bank under the GICS Financials sector, Sabadells business model follows the universal banking approach common among Spanish lenders, generating revenue across net interest income from lending activities, fee-based income from cards and advisory services, and capital markets activities. Its geographic footprint beyond Spain, particularly through TSB in the United Kingdom, differentiates it from domestic peers and exposes it to multiple regulatory regimes, including the ECBs supervisory framework in the eurozone and the UKs PRA and FCA in the UK market.
- UK TSB divestment proceeds boost capital position
- Spanish mortgage margins compress on ECB rate cuts
- Mexico unit expansion drives emerging market loan growth
- Competition from BBVA-Sabadell merger bid pressures valuation
| Net Income: 1.77b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.61 > 1.0 |
| NWC/Revenue: 18.63% < 20% (prev 124.5%; Δ -105.8% < -1%) |
| CFO/TA 0.01 > 3% & CFO 1.68b > Net Income 1.77b |
| Net Debt (38.2b) to EBITDA (2.43b): 15.73 < 3 |
| Current Ratio: 1.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.78b) vs 12m ago -8.22% < -2% |
| Gross Margin: 66.22% > 18% (prev 64.22%; Δ 2.00% > 0.5%) |
| Asset Turnover: 3.15% > 50% (prev 3.80%; Δ -0.64% > 0%) |
| Interest Coverage Ratio: 0.74 > 6 (EBIT TTM 1.95b / Interest Expense TTM 2.65b) |
| A: 0.01 (Total Current Assets 5.46b - Total Current Liabilities 4.13b) / Total Assets 199b |
| B: 0.00 (Retained Earnings 971.0m / Total Assets 199b) |
| C: 0.01 (EBIT TTM 1.95b / Avg Total Assets 226b) |
| D: 0.06 (Book Value of Equity 12.1b / Total Liabilities 187b) |
| Altman-Z'' = 0.19 = B |
As of October 10, 2026, the stock is trading at EUR 3.49 with a total of 14,362,915 shares traded. Over the past week, the price has changed by +0.03%, over one month by -4.90%, over three months by +9.88% and over the past year by +28.28%.
Current recommended Stop Loss: 3.30 (which is 5.4% or 2.4 ATR below the current price).
Banco de Sabadell S.A has no consensus analysts rating.
P/E Trailing = 17.545
P/E Forward = 11.1982
P/S = 3.892
P/B = 1.4354
P/EG = 4.3986
Revenue TTM = 7.12b EUR
EBIT TTM = 1.95b EUR
EBITDA TTM = 2.43b EUR
Long Term Debt = 39.6b EUR (estimated: total debt 43.7b - short term 4.13b)
Short Term Debt = 4.13b EUR (from shortTermDebt, last quarter)
Debt = 43.7b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 38.2b EUR (calculated: Debt 43.7b - CCE 5.46b)
Enterprise Value = 54.8b EUR (16.5b + Debt 43.7b - CCE 5.46b)
Interest Coverage Ratio = 0.74 (Ebit TTM 1.95b / Interest Expense TTM 2.65b)
EV/FCF = 39.70x (Enterprise Value 54.8b / FCF TTM 1.38b)
FCF Yield = 2.52% (FCF TTM 1.38b / Enterprise Value 54.8b)
FCF Margin = 19.38% (FCF TTM 1.38b / Revenue TTM 7.12b)
Net Margin = 24.86% (Net Income TTM 1.77b / Revenue TTM 7.12b)
Gross Margin = 66.22% ((Revenue TTM 7.12b - Cost of Revenue TTM 2.40b) / Revenue TTM)
Gross Margin QoQ = 57.01% (prev 58.74%)
Tobins Q-Ratio = 0.28 (Enterprise Value 54.8b / Total Assets 199b)
Interest Expense / Debt = 6.05% (Interest Expense 2.65b / Debt 43.7b)
Taxrate = 32.22% (541.9m / 1.68b)
NOPAT = 1.32b (EBIT 1.95b * (1 - 32.22%))
Current Ratio = 1.32 (Total Current Assets 5.46b / Total Current Liabilities 4.13b)
Debt / Equity = 3.60 (Debt 43.7b / totalStockholderEquity, last quarter 12.1b)
Debt / EBITDA = 15.73 (Net Debt 38.2b / EBITDA 2.43b)
Debt / FCF = 27.73 (Net Debt 38.2b / FCF TTM 1.38b)
Total Stockholder Equity = 13.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.78% (Net Income 1.77b / Total Assets 199b)
RoE = 13.05% (Net Income TTM 1.77b / Total Stockholder Equity 13.6b)
RoCE = 3.67% (EBIT 1.95b / Capital Employed (Equity 13.6b + L.T.Debt 39.6b))
RoIC = 0.66% (NOPAT 1.32b / Invested Capital 199b)
WACC = 4.92% (E(16.5b)/V(60.2b) * Re(7.08%) + D(43.7b)/V(60.2b) * Rd(6.05%) * (1-Tc(0.32)))
Discount Rate = 7.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -90.52 | Cagr: -5.30%
[DCF] Terminal Value 73.10% ; FCFF base≈3.15b ; Y1≈2.77b ; Y5≈2.23b
[DCF] Fair Price = N/A (negative equity: EV 35.9b - Net Debt 38.2b = -2.38b; debt exceeds intrinsic value)
EPS Correlation: 82.08 | EPS CAGR: 23.36% | SUE: 4.0 | # QB: 1
Revenue Correlation: 26.03 | Revenue CAGR: 3.14% | SUE: 0.80 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.07 | Chg30d=-0.28% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.29 | Chg30d=+2.86% | Revisions=-12% | GrowthEPS=-10.1% | GrowthRev=-16.2%
EPS next Year (2027-12-31): EPS=0.33 | Chg30d=+1.49% | Revisions=+44% | GrowthEPS=+14.0% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +13% (up=7, down=5)