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Banco Comercial Português, S.A (BCP) Fair Value & Analysis

Financial Services · PT · Market cap €15.2B

BC Banco Comercial Português, S.A BCP · LS
Price€1.03
Fair Value€0.9000
Upside-12.2%
Quality68/100
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Evidence: High Range €0.6700 – €1.12

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 6 days ago

Share price +14.5% over the past month.

Price vs Fair Value (12 months)

€1.03 €0.6237 Fair Value €0.9000 Jun 2025 Jun 2026

12‑month range €0.6237 – €1.03 · fair‑value band €0.6700 – €1.12 · the €1.03 price screens above the €0.9000 fair value. As of Jun 26, 2026.

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Analysis

Banco Comercial Português, S.A (BCP) currently trades at €1.03, while our model-based Fair Value estimate is €0.9000 — implying the stock looks roughly 12.2% overvalued today. We read business quality at 68/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Banco Comercial Português, S.A generated revenue of €3.7B at a net margin of 29.3%. Revenue grew 11.1% year over year. It earns a return on equity of 13.6%. Net debt stands at €2.1B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) €3.7B
Revenue growth (YoY) +11.1%
Net margin 29.3%
Return on equity 13.6%
Free cash flow €3.4B FY2025
P/E ratio 14.7
More key figures
Operating margin 59.0%
EPS (TTM) €0.0700
Dividend yield 3.4%
EPS growth (YoY) +29.1%
Net debt €2.1B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Banco Comercial Português, S.A. engages in the provision of various banking and financial products and services in Portugal and internationally. The company operates through Retail Banking; Companies and Corporate; Private Banking; International Business, and Other segments. It offers a range of financial products and services, including current accounts, payment systems, savings and investment products, private banking, asset management, and investment banking services, such as mortgage loans, personal loans, commercial banking, leasing, factoring, insurance, and other products. The company is also involved in the provision of investment fund and real estate management, e-commerce, web portal, leasing, consulting, brokerage, marketing, and real estate investment fund management services; and internet, telephone, and mobile banking services as well as buying and selling real estate. In addition, it offers credit, debit, and prepaid cards; personal, mortgage, car loan, and salary …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Banco Comercial Português, S.A reported revenue of €3.9B in FY2025 versus €2.5B in FY2021, a compound +11.8%/yr. Reported net income was €1.0B in FY2025, compounding +64.8%/yr from FY2021.

Revenue +11.8%/yr
FY21 €2.5B
FY22 €3.1B
FY23 €3.9B
FY24 €3.7B
FY25 €3.9B
Net income +64.8%/yr
FY21 €138M
FY22 €207M
FY23 €856M
FY24 €906M
FY25 €1.0B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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Frequently asked questions

Is Banco Comercial Português, S.A (BCP) undervalued?
As of Jun 26, 2026, our model estimates a fair value of €0.9000 versus a price of €1.03 — about −12% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BCP?
Our model-based fair value for Banco Comercial Português, S.A is €0.9000 (as of Jun 26, 2026), built from audited fundamentals. The current price is €1.03.
What is the quality score of BCP?
Banco Comercial Português, S.A has a Quality Score of 68/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Banco Comercial Português, S.A (BCP)?
Banco Comercial Português, S.A reported trailing-twelve-month revenue of about €3.7B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of BCP?
The net profit margin of Banco Comercial Português, S.A is about 29.3%, meaning it keeps roughly 29.3% of revenue as net income. Based on the latest reported figures.
Does Banco Comercial Português, S.A pay a dividend?
Banco Comercial Português, S.A currently shows a dividend yield of about 3.44% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.