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)
SANthis companyBanco Santander, S.A.	$12.31	11.34×	1.5×	1.29×	21.59×	-263.0%	40.0%	15.6%	11.8%	13.7%	1.8%	-14.5%	4.81×	14.52×	0.31×	0.25×	2.2%	4	0.29	2	C+
BBVABanco Bilbao Vizcaya Argentaria, S.A.	$26.07	11.74×	2.07×	3.21×	5.99×	21.5%	83.6%	43.9%	28.5%	18.3%	4.9%	11.1%	1.43×	-0.68×	0×	0.44×	3.5%	5	-0.6	3	B-
INGING Groep N.V.	$32.97	11.24×	1.43×	3.09×	20.5×	-0.4%	94.3%	39.7%	27.5%	12.7%	2.8%	0.0%	3.41×	12.73×	0×	0.13×	4.9%	3	0.17	2	C+
Peer median	—	11.49×	1.75×	3.15×	13.25×	10.6%	88.9%	41.8%	28.0%	15.5%	3.9%	5.6%	2.42×	6.02×	0×	0.28×	4.2%	4	-0.21	3	—