EN DE

Banco de Sabadell, S.A (SAB) Fair Value & Analysis

Financial Services · ES · Market cap €15.5B

BD Banco de Sabadell, S.A SAB · MC
Price€3.44
Fair Value€4.79
Upside+39.5%
Quality67/100
Watch Banco de Sabadell, S.A for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 38.1% net margin
High debt · generates free cash flow
Mixed vs. peers (7/15)
Wide moat 65/100
Evidence: High Range €3.59 – €5.98 Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from €4.70 to €4.79 (+1.9%) since Jun 26, 2026. Share price +6.6% over the past month.

A solid business, screening 39% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€3.59). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€3.44 €0.3632 Fair Value €4.79 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €0.3632 – €3.44 · fair‑value band €3.59 – €5.98 · the €3.44 price screens below the €4.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Banco de Sabadell, S.A (SAB) currently trades at €3.44, while our model-based Fair Value estimate is €4.79, implying the stock looks roughly 39.5% undervalued today. We read business quality at 67/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Banco de Sabadell, S.A generated revenue of €4.3B at a net margin of 38.4%. Revenue declined 10.6% year over year. It earns a return on equity of 9.6%. Net debt stands at €13.9B. Fundamentals as of Jul 16, 2026

Our scenario range runs from €3.59 (bear case) to €5.98 (bull case); at €3.44, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at 39%, SAB screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €24.69 €37.23 €55.64 80
Residual Income €2.76 €3.23 €5.43 76
ROIC Compounder €3.97 €4.85 €5.93 72
All 25 models by family
DCF Models
FCF DCF €24.44 €38.92 €61.79 38
Owner Earnings €5.63 €8.48 €12.99 31
5Y Revenue Exit €10.79 €13.53 €16.61 39
5Y EBITDA Exit €12.00 €15.84 €20.06 41
5Y P/E Exit €12.27 €16.36 €20.52 38
10Y Revenue Exit €15.34 €19.12 €23.64 36
10Y EBITDA Exit €16.21 €20.75 €26.34 37
10Y P/E Exit €16.38 €21.12 €26.69 35
Earnings-Based
Graham-Dodd €2.50 €8.77 €11.79 54
Lynch FV €2.04 €2.92 €3.80 50
PEG = 1.0 €2.04 €2.92 €3.80 46
EPV €3.77 €4.23 €4.63 59
Dividend Discount
Gordon GGM €2.61 €5.42 €8.59 70
DDM Multi-Stage €2.61 €4.56 €5.69 61
Multiples
P/E Multiple €5.52 €7.36 €9.20 63
P/S Multiple €3.03 €4.04 €5.04 58
P/B Multiple €4.69 €6.26 €7.82 55
EV/EBIT €6.84 €8.79 €10.73 53
EV/EBITDA €6.07 €7.76 €9.45 54
EV/Revenue €3.84 €5.05 €6.26 43
Asset-Based
NCAV (Graham) €1.46 €1.95 €2.92 50
Growth DCF
Growth DCF €24.69 €37.23 €55.64 80
Economic Profit
Residual Income €2.76 €3.23 €5.43 76
ROIC Compounder €3.97 €4.85 €5.93 72
Growth Earnings
Growth-Adj P/E €4.79 €6.85 €8.90 68

Widest divergence: Growth DCF (€37.23) versus Asset-Based (€1.95). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €4.3B
Revenue growth (YoY) -10.7%
Net margin 38.1%
Return on equity 8.7%
Free cash flow €9.6B FY2025
P/E ratio 14.0
More key figures
Operating margin 50.2%
EPS (TTM) €0.2300
EPS growth (YoY) -22.8%
Net debt €13.9B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 64 · Market factors (momentum, volatility) 72

Profitability 34
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Banco de Sabadell, S.A. provides banking products and services in Spain, the United Kingdom, and Mexico. The company offers retail banking products, including investment products and medium- and long-term finance, such as consumer loans, mortgages, leasing and rental services, as well as other short-term finance; and cards and insurance products to …

Full company description

Banco de Sabadell, S.A. provides banking products and services in Spain, the United Kingdom, and Mexico. The company offers retail banking products, including investment products and medium- and long-term finance, such as consumer loans, mortgages, leasing and rental services, as well as other short-term finance; and cards and insurance products to individuals for personal use. It also provides financial products and services comprising investment and financing products, which include working capital products, revolving loans, and medium- and long-term finance; and custom structured finance and capital market solutions, and specialized advice for businesses; and cards and PoS terminals, as well as import and export and personalized expert advice services to companies and self-employed persons. In addition, the company offers corporate banking services consisting of financial and advisory solutions to large corporations and financial institutions; and structured finance, treasury, investment banking, trading, and custody and research services. Further, it provides current and savings accounts, loans, credit cards, and mortgages; and banking and financial services for corporate and commercial banking. Banco de Sabadell, S.A. was founded in 1881 and is based in Sabadell, Spain.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Banco de Sabadell, S.A reported revenue of €7.8B in FY2025 versus €4.1B in FY2021, a compound +17.6%/yr. Reported net income was €1.8B in FY2025, compounding +35.2%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€7.8B
Latest YoY
+36.1%
Avg. growth/yr (3Y)
+21.4%
Avg. growth/yr (5Y)
+6.1%
Avg. growth/yr (23Y)
+8.8%
Revenue +17.6%/yr
FY21 €4.1B
FY22 €4.3B
FY23 €5.0B
FY24 €5.7B
FY25 €7.8B
Net income +35.2%/yr
FY21 €530M
FY22 €889M
FY23 €1.3B
FY24 €1.8B
FY25 €1.8B

Watch SAB: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Banco de Sabadell, S.A Fair Value". https://www.fairvalue-calculator.com/stock/SAB

Peer Group

Banks - Diversified · 47 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 71 · Top 25%
Fair Value upside +39% · Above median
Return on equity (TTM) 9% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 38% · Above median
Operating margin (TTM) 50% · Above median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.76× · Higher than median

Valuation Multiples vs Banks - Diversified median · lower = cheaper

P/E (TTM) 14.0× · Pricier than median
P/B 1.27× · Cheaper than median
P/S (TTM) 4.16× · Pricier than 75% of peers
P/FCF 1.9× · Cheaper than median
EV/EBITDA 5.6× · Cheaper than 75% of peers
PEG 4.40× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 86 · sector 36
FUTURE 0 · sector 25
PAST 35 · sector 42
HEALTH 12 · sector 52
DIVIDEND 0 · sector 67

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
JPMorgan Chase & Co JPM $341.10 $278.99 -18%
Bank of America Corporation BAC $59.67 $55.89 -6%
China Construction Bank Corporation 601939 ¥10.16 ¥17.20 +69%
Industrial and Commercial Bank of China Limited 601398 ¥7.50 ¥13.44 +79%
HSBC Holdings HSBC $100.52 $84.67 -16%
Agricultural Bank of China Limited 601288 ¥6.37 ¥11.85 +86%
Royal Bank of Canada RY C$305.74 C$190.48 -38%
Bank of China Limited 601988 ¥5.88 ¥9.80 +67%
Wells Fargo & Company WFCS C$23.58 C$27.40 +16%
Banco Santander, S.A SAN 51.02 PLN 55.60 PLN +9%

Compare Banco de Sabadell, S.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Banco de Sabadell, S.A (SAB) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €4.79 versus a price of €3.44, about +39% (undervalued).
What is the fair value of SAB?
Our model-based fair value for Banco de Sabadell, S.A is €4.79 (as of Jul 16, 2026), built from audited fundamentals. The current price is €3.44.
What is the quality score of SAB?
Banco de Sabadell, S.A has a Quality Score of 67/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Banco de Sabadell, S.A (SAB)?
Banco de Sabadell, S.A reported trailing-twelve-month revenue of about €4.3B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SAB?
The net profit margin of Banco de Sabadell, S.A is about 38.4%, meaning it keeps roughly 38.4% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Banco de Sabadell, S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.