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)
SAN.MCthis companyBanco 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
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+
Peer median	—	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	—