BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
BIT:BST - Euronext Milan - IT0003173629 - Common Stock - Currency: EUR
BST gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 99 industry peers in the Banks industry. BST has a medium profitability rating, but doesn't score so well on its financial health evaluation. BST scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
BST had positive earnings in the past year.
In the past year BST has reported a negative cash flow from operations.
Each year in the past 5 years BST has been profitable.
Of the past 5 years BST 4 years had a positive operating cash flow.
1.2 Ratios
BST's Return On Assets of 0.37% is on the low side compared to the rest of the industry. BST is outperformed by 79.57% of its industry peers.
The Return On Equity of BST (6.22%) is worse than 63.44% of its industry peers.
BST has a Return On Invested Capital of 0.41%. This is amongst the best in the industry. BST outperforms 100.00% of its industry peers.
BST had an Average Return On Invested Capital over the past 3 years of 0.51%. This is in line with the industry average of 0.41%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 6.22% | ||
| ROIC | 0.41% |
ROA(3y)0.5%
ROA(5y)0.6%
ROE(3y)8.08%
ROE(5y)10.84%
ROIC(3y)0.51%
ROIC(5y)0.6%
1.3 Margins
BST's Profit Margin of 12.68% is on the low side compared to the rest of the industry. BST is outperformed by 79.57% of its industry peers.
In the last couple of years the Profit Margin of BST has declined.
Looking at the Operating Margin, with a value of 21.26%, BST belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of BST has declined.
The Gross Margin of BST (85.06%) is better than 100.00% of its industry peers.
BST's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.26% | ||
| PM (TTM) | 12.68% | ||
| GM | 85.06% |
OM growth 3Y-14.7%
OM growth 5Y-13.86%
PM growth 3Y-17.04%
PM growth 5Y-13.96%
GM growth 3Y-2.82%
GM growth 5Y-2.48%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BST is destroying value.
Compared to 1 year ago, BST has about the same amount of shares outstanding.
Compared to 5 years ago, BST has about the same amount of shares outstanding.
BST has a better debt/assets ratio than last year.
2.2 Solvency
BST has an Altman-Z score of -0.88. This is a bad value and indicates that BST is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of BST (-0.88) is better than 100.00% of its industry peers.
A Debt/Equity ratio of 15.00 is on the high side and indicates that BST has dependencies on debt financing.
BST has a Debt to Equity ratio of 15.00. This is amonst the worse of the industry: BST underperforms 89.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 15 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.88 |
ROIC/WACC0.11
WACC3.78%
2.3 Liquidity
BST has a Current Ratio of 0.03. This is a bad value and indicates that BST is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.03, BST belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
BST has a Quick Ratio of 0.03. This is a bad value and indicates that BST is not financially healthy enough and could expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 0.03, BST belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.03 | ||
| Quick Ratio | 0.03 |
3. Growth
3.1 Past
BST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.00%, which is quite good.
The Earnings Per Share has been decreasing by -9.69% on average over the past years.
BST shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.83%.
Measured over the past years, BST shows a small growth in Revenue. The Revenue has been growing by 5.20% on average per year.
EPS 1Y (TTM)12%
EPS 3Y-14.21%
EPS 5Y-9.69%
EPS Q2Q%62.76%
Revenue 1Y (TTM)23.83%
Revenue growth 3Y3.39%
Revenue growth 5Y5.2%
Sales Q2Q%29.82%
3.2 Future
BST is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.99% yearly.
BST is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.04% yearly.
EPS Next Y10.32%
EPS Next 2Y25.5%
EPS Next 3Y24.06%
EPS Next 5Y26.99%
Revenue Next Year16.07%
Revenue Next 2Y12.86%
Revenue Next 3Y11%
Revenue Next 5Y11.04%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
BST is valuated reasonably with a Price/Earnings ratio of 8.06.
Based on the Price/Earnings ratio, BST is valued a bit cheaper than 69.89% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, BST is valued rather cheaply.
With a Price/Forward Earnings ratio of 5.57, the valuation of BST can be described as very cheap.
97.85% of the companies in the same industry are more expensive than BST, based on the Price/Forward Earnings ratio.
BST's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.06 | ||
| Fwd PE | 5.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BST is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 3.86 |
4.3 Compensation for Growth
BST's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BST's earnings are expected to grow with 24.06% in the coming years.
PEG (NY)0.78
PEG (5Y)N/A
EPS Next 2Y25.5%
EPS Next 3Y24.06%
5. Dividend
5.1 Amount
BST has a Yearly Dividend Yield of 3.58%.
BST's Dividend Yield is slightly below the industry average, which is at 5.06.
BST's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
5.2 History
The dividend of BST decreases each year by -1.13%.
Dividend Growth(5Y)-1.13%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y25.5%
EPS Next 3Y24.06%
BIT:BST (3/7/2025, 5:29:49 PM)
1.774
-0.04 (-2.21%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners8.98%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap142.67M
Analysts82.86
Price Target2.2 (24.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
Yearly Dividend0.07
Dividend Growth(5Y)-1.13%
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)10.6%
PT rev (3m)-3.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.9%
EPS NY rev (3m)2.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.06 | ||
| Fwd PE | 5.57 | ||
| P/S | 1.04 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.51 | ||
| P/tB | 0.58 | ||
| EV/EBITDA | 3.86 |
EPS(TTM)0.22
EY12.4%
EPS(NY)0.32
Fwd EY17.96%
FCF(TTM)-0.49
FCFYN/A
OCF(TTM)-0.47
OCFYN/A
SpS1.71
BVpS3.49
TBVpS3.05
PEG (NY)0.78
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 6.22% | ||
| ROCE | 4.44% | ||
| ROIC | 0.41% | ||
| ROICexc | 0.42% | ||
| ROICexgc | 0.47% | ||
| OM | 21.26% | ||
| PM (TTM) | 12.68% | ||
| GM | 85.06% | ||
| FCFM | N/A |
ROA(3y)0.5%
ROA(5y)0.6%
ROE(3y)8.08%
ROE(5y)10.84%
ROIC(3y)0.51%
ROIC(5y)0.6%
ROICexc(3y)0.53%
ROICexc(5y)0.62%
ROICexgc(3y)0.55%
ROICexgc(5y)0.63%
ROCE(3y)4.81%
ROCE(5y)5.21%
ROICexcg growth 3Y-15.61%
ROICexcg growth 5Y-14.2%
ROICexc growth 3Y-17.08%
ROICexc growth 5Y-15.25%
OM growth 3Y-14.7%
OM growth 5Y-13.86%
PM growth 3Y-17.04%
PM growth 5Y-13.96%
GM growth 3Y-2.82%
GM growth 5Y-2.48%
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 15 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 129.23 | ||
| Cap/Depr | 56.76% | ||
| Cap/Sales | 1.36% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.03 | ||
| Quick Ratio | 0.03 | ||
| Altman-Z | -0.88 |
F-Score4
WACC3.78%
ROIC/WACC0.11
Cap/Depr(3y)192.44%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.57%
Cap/Sales(5y)9.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12%
EPS 3Y-14.21%
EPS 5Y-9.69%
EPS Q2Q%62.76%
EPS Next Y10.32%
EPS Next 2Y25.5%
EPS Next 3Y24.06%
EPS Next 5Y26.99%
Revenue 1Y (TTM)23.83%
Revenue growth 3Y3.39%
Revenue growth 5Y5.2%
Sales Q2Q%29.82%
Revenue Next Year16.07%
Revenue Next 2Y12.86%
Revenue Next 3Y11%
Revenue Next 5Y11.04%
EBIT growth 1Y23.05%
EBIT growth 3Y-11.81%
EBIT growth 5Y-9.38%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-131.52%
FCF growth 3Y110.14%
FCF growth 5Y70.97%
OCF growth 1Y-129.52%
OCF growth 3Y38.05%
OCF growth 5Y58.27%