` Comparison: ITUB, BBVA - Alpha Spread

ITUB
vs
BBVA

Over the past 12 months, ITUB has underperformed BBVA, delivering a return of +88% compared to the BBVA's +100% growth.

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ITUB
BBVA
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Valuation Comparison

ITUB Intrinsic Value
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BBVA Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Itau Unibanco Holding SA
NYSE:ITUB
7.365 USD
Banco Bilbao Vizcaya Argentaria SA
MAD:BBVA
20.03 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ITUB, BBVA

ITUB
BBVA
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Itau Unibanco Holding SA
Revenue
Banco Bilbao Vizcaya Argentaria SA
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
ITUB, BBVA

ITUB
BBVA
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Itau Unibanco Holding SA
NYSE:ITUB
FCF is not applicable for financial companies
Banco Bilbao Vizcaya Argentaria SA
MAD:BBVA
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

ITUB
BBVA
LTM 3Y Avg 5Y Avg 10Y Avg
Itau Unibanco Holding SA
Not applicable for financial companies
Banco Bilbao Vizcaya Argentaria SA
Not applicable for financial companies

Operating Margin

ITUB
BBVA
LTM 3Y Avg 5Y Avg 10Y Avg
Itau Unibanco Holding SA
Not applicable for financial companies
Banco Bilbao Vizcaya Argentaria SA
Not applicable for financial companies

Net Margin

ITUB
23.3%
BBVA
21.1%

FCF Margin

ITUB
BBVA
LTM 3Y Avg 5Y Avg 10Y Avg
Itau Unibanco Holding SA
Not applicable for financial companies
Banco Bilbao Vizcaya Argentaria SA
Not applicable for financial companies

ROE

ITUB
20.5%
BBVA
18.1%

ROA

ITUB
1.5%
BBVA
1.3%

ROIC

ITUB
BBVA
LTM 3Y Avg 5Y Avg 10Y Avg
Itau Unibanco Holding SA
Not applicable for financial companies
Banco Bilbao Vizcaya Argentaria SA
Not applicable for financial companies

ROCE

ITUB
BBVA
LTM 3Y Avg 5Y Avg 10Y Avg
Itau Unibanco Holding SA
Not applicable for financial companies
Banco Bilbao Vizcaya Argentaria SA
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ITUB, BBVA

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Performance Gap
ITUB, BBVA

Performance Gap Between ITUB and BBVA
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Performance By Year
ITUB, BBVA

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ITUB
BBVA
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