Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
BKT.MCthis companyBankinter, S.A.	€14.81	11.8×	1.98×	2.7×	4.96×	295.9%	65.4%	34.7%	23.1%	17.0%	5.3%	-78.2%	1.62×	-2.82×	1×	0.14×	4.1%	4	0.27	2	C+
BBVA.MCBanco Bilbao Vizcaya Argentaria, S.A.	€23.30	11.39×	2.01×	3.12×	12.04×	18.1%	83.6%	43.9%	28.5%	18.3%	3.7%	101.8%	2.94×	5.55×	0×	0.26×	3.6%	6	-0.29	3	B+
CABK.MCCaixaBank, S.A.	€12.09	13.06×	1.91×	2.82×	12.33×	236.0%	68.2%	32.2%	22.6%	15.3%	2.3%	57.1%	2.22×	4.32×	1.14×	0.1×	4.4%	4	0.2	3	B
SAB.MCBanco de Sabadell, S.A.	€3.69	10.53×	1.33×	2.4×	14.03×	441.3%	59.7%	26.7%	22.8%	12.6%	0.5%	7.4%	3.09×	6×	0.79×	1.64×	7.3%	6	-0.65	3	B+
SAN.MCBanco Santander, S.A.	€11.05	11.07×	1.45×	1.25×	23.71×	-264.6%	39.8%	15.6%	11.8%	13.7%	0.7%	51.9%	5.05×	16.86×	0.31×	1.77×	2.2%	6	0.29	3	B
UNI.MCUnicaja Banco, S.A.	€3.39	11.58×	1.09×	2.77×	8.52×	361.0%	82.2%	35.0%	24.5%	9.7%	2.5%	2.3%	2.01×	1.34×	1.08×	0.21×	5.0%	4	0.13	3	B
Peer median	—	11.39×	1.45×	2.77×	12.33×	236.0%	68.2%	32.2%	22.8%	13.7%	2.3%	51.9%	2.94×	5.55×	0.79×	0.26×	4.4%	6	0.13	3	—