Global Market Valuation
page is an excellent resource for investors to see the implied
future returns of some of the world's largest stock markets.
Earlier this month,
Singapore reported the highest
among the listed developed markets in projected annual returns.
But recently, Spain has topped the country by just a few
miniscule points, with 14.7 percent projected annual return,
compared to Singapore's 14.4 percent.
Last year, Spain's economic crisis weighed down its market for
the majority of the year, dropping stock prices and affecting
Perhaps this recent rise in projected annual return could be a
sign that Spain's economic recovery is starting to show face.
The figures used are explained in
Spain's Market Valuations
Updated daily, the Global Market Valuation page will of course
fluctuate throughout the months. As we inch closer to releasing
more of our global markets coverage, members will finally be able
to see stocks traded in international markets, including Spain,
which is scheduled to be released along with the rest of the
Europeans markets, on March 2013. View the rest of the release
GuruFocus Global Announcement
Meanwhile, below are three US-traded stocks from Spain that the
most Gurus have traded recently.
Telefonica SA (
Telefonica is a large telecommunications company that focuses on
the key areas of mobile broadband and telephone lines. It has
presence in 26 countries and has a customer base of more than 312
There are currently eight Gurus who hold the stock. Jeff Auxier
added onto his stake by 29.01 percent in the third quarter of
last year, as he did in the second and the first quarters of
2012. Jim Simons and Steven Cohen reduced their stakes in the
Brian Rogers, who bought the stock in 2011, owns the most shares
out of Telefonica out of all the investors GuruFocus follows,
with a total holding of 5.1 million shares. Charles Brandes owns
almost 3 million shares and Jim Simons owns 1.4 million shares.
Telefonica's price is $14.57, up 1.46 percent this afternoon. It
has a dividend yield of 10.6 percent. Its 10-Year EBITDA growth
rate is 22.3 percent, with an operating margin percentage of
Annually, Telefonica's revenue has expanded at a rate of 11.25
percent, and has shown a positive book value trend line for the
past five years.
View Telefonica's 10-Year Financials.
Banco Santander SA (
Santander Bank (in English) is the largest bank in the euro zone,
managing about 1.4 billion euros over 102 million customers. It
has over 15,000 offices in Spain, the UK, Brazil, Portugal,
Germany, Poland and the US.
There are currently three Gurus who hold the stock: Ken Fisher,
David Dreman and Jim Simons.
Steven Cohen and Murray Stahl both sold out of the stock in the
third quarter of 2012, while Jim Simons reduced. Manning &
Napier Advisors also sold out of the stock earlier that year,
while Ken Fisher reduced his stake after purchasing the stock in
the first quarter.
Santander has a 10-year revenue growth rate of 2.6 percent, and a
10-year EBITDA growth rate of 11.9 percent. Its Warning Signs on
GuruFocus indicate that its interest coverage is low and it
suffers from a declining operating margin.
Santander trades at $8.58, up 1.12 percent this afternoon.
View Santander's 10-Year Financials.
Banco Bilbao Vizcaya Argentaria SA
With a market cap of $55.87 billion, BBVA is financial services
company engaged in retail banking, global wholesale banking,
asset management and private banking.
There are three Gurus that hold the stock: David Dreman, Jim
Simons and Steven Romick.
Simons and Dreman added onto their stakes in BBVA in the third
and second quarters of 2012, respectively. Romick reduced last
year as well, while Manning & Napier Advisors and Steven
Cohen sold out of the stock.
Trading at $10.38, up 0.68 percent this afternoon, BBVA has a
10-year revenue growth of 6.5 percent and a 10-year EBITDA growth
of 16.9 percent. It has one-star in business predictability, 4 in
financial strength and 6 in profitability and growth.
View BBVA's 10-Year Financials.
To read more on how we derive our market valuations, visit Where
Are We with Market Valuations?
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