BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
Europe - BIT:BST - IT0003173629 - Common Stock
1.75 EUR
+0.1 (+5.93%)
BST gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 96 industry peers in the Banks industry. While BST is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
BST had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BST reported negative operating cash flow in multiple years.
1.2 Ratios
With a Return On Assets value of 0.77%, BST perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
BST has a Return On Equity (10.61%) which is comparable to the rest of the industry.
With an excellent Return On Invested Capital value of 0.83%, BST belongs to the best of the industry, outperforming 98.96% of the companies in the same industry.
BST had an Average Return On Invested Capital over the past 3 years of 0.48%. This is below the industry average of 3.68%.
The 3 year average ROIC (0.48%) for BST is below the current ROIC(0.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 10.61% | ||
| ROIC | 0.83% |
ROA(3y)0.47%
ROA(5y)0.55%
ROE(3y)7.85%
ROE(5y)9.17%
ROIC(3y)0.48%
ROIC(5y)0.55%
1.3 Margins
BST has a Profit Margin (22.05%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of BST has declined.
BST has a Operating Margin of 36.10%. This is amongst the best in the industry. BST outperforms 98.96% of its industry peers.
In the last couple of years the Operating Margin of BST has declined.
BST's Gross Margin of 88.82% is amongst the best of the industry. BST outperforms 98.96% of its industry peers.
In the last couple of years the Gross Margin of BST has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.1% | ||
| PM (TTM) | 22.05% | ||
| GM | 88.82% |
OM growth 3Y0.62%
OM growth 5Y-5.25%
PM growth 3Y-3.25%
PM growth 5Y-8.39%
GM growth 3Y-2.09%
GM growth 5Y-1.78%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BST is destroying value.
BST has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for BST remains at a similar level compared to 5 years ago.
The debt/assets ratio for BST has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.79, we must say that BST is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.79, BST belongs to the top of the industry, outperforming 98.96% of the companies in the same industry.
BST has a Debt/Equity ratio of 12.00. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BST (12.00) is worse than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.79 |
ROIC/WACC0.23
WACC3.65%
2.3 Liquidity
BST has a Current Ratio of 0.05. 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 0.05, BST belongs to the top of the industry, outperforming 98.96% of the companies in the same industry.
BST has a Quick Ratio of 0.05. This is a bad value and indicates that BST is not financially healthy enough and could expect problems in meeting its short term obligations.
BST has a better Quick ratio (0.05) than 98.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
BST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 125.20%, which is quite impressive.
The Earnings Per Share has been decreasing by -2.89% on average over the past years.
The Revenue has grown by 18.18% in the past year. This is quite good.
The Revenue has been growing slightly by 5.61% on average over the past years.
EPS 1Y (TTM)125.2%
EPS 3Y2.71%
EPS 5Y-2.89%
EPS Q2Q%64.16%
Revenue 1Y (TTM)18.18%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%-7.92%
3.2 Future
The Earnings Per Share is expected to grow by 26.87% on average over the next years. This is a very strong growth
Based on estimates for the next years, BST will show a small growth in Revenue. The Revenue will grow by 5.12% on average per year.
EPS Next Y48.87%
EPS Next 2Y31.87%
EPS Next 3Y26.87%
EPS Next 5YN/A
Revenue Next Year14.15%
Revenue Next 2Y8.98%
Revenue Next 3Y5.12%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.17 indicates a rather cheap valuation of BST.
Compared to the rest of the industry, the Price/Earnings ratio of BST indicates a rather cheap valuation: BST is cheaper than 97.92% of the companies listed in the same industry.
BST is valuated cheaply when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 4.51, the valuation of BST can be described as very cheap.
97.92% of the companies in the same industry are more expensive than BST, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, BST is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.17 | ||
| Fwd PE | 4.51 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than BST, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.54 |
4.3 Compensation for Growth
The 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 26.87% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y31.87%
EPS Next 3Y26.87%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.54%, BST is a good candidate for dividend investing.
BST's Dividend Yield is a higher than the industry average which is at 4.79.
BST's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
5.2 History
The dividend of BST decreases each year by -5.71%.
Dividend Growth(5Y)-5.71%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BST pays out 15.44% of its income as dividend. This is a sustainable payout ratio.
DP15.44%
EPS Next 2Y31.87%
EPS Next 3Y26.87%
BIT:BST (11/14/2025, 7:00:00 PM)
1.75
+0.1 (+5.93%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners11.99%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap140.74M
Revenue(TTM)153.38M
Net Income(TTM)33.83M
Analysts77.14
Price Target1.96 (12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
Yearly Dividend0.07
Dividend Growth(5Y)-5.71%
DP15.44%
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)0%
PT rev (3m)-6.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)9.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.17 | ||
| Fwd PE | 4.51 | ||
| P/S | 0.92 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.44 | ||
| P/tB | 0.52 | ||
| EV/EBITDA | 2.54 |
EPS(TTM)0.42
EY24%
EPS(NY)0.39
Fwd EY22.18%
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)-1.2
OCFYN/A
SpS1.91
BVpS3.96
TBVpS3.37
PEG (NY)0.09
PEG (5Y)N/A
Graham Number6.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 10.61% | ||
| ROCE | 7.86% | ||
| ROIC | 0.83% | ||
| ROICexc | 0.86% | ||
| ROICexgc | 0.96% | ||
| OM | 36.1% | ||
| PM (TTM) | 22.05% | ||
| GM | 88.82% | ||
| FCFM | N/A |
ROA(3y)0.47%
ROA(5y)0.55%
ROE(3y)7.85%
ROE(5y)9.17%
ROIC(3y)0.48%
ROIC(5y)0.55%
ROICexc(3y)0.5%
ROICexc(5y)0.57%
ROICexgc(3y)0.54%
ROICexgc(5y)0.59%
ROCE(3y)4.74%
ROCE(5y)5.2%
ROICexgc growth 3Y1.01%
ROICexgc growth 5Y-2.17%
ROICexc growth 3Y-2.27%
ROICexc growth 5Y-4.36%
OM growth 3Y0.62%
OM growth 5Y-5.25%
PM growth 3Y-3.25%
PM growth 5Y-8.39%
GM growth 3Y-2.09%
GM growth 5Y-1.78%
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 64.6 | ||
| Cap/Depr | 155.03% | ||
| Cap/Sales | 3.89% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | -0.79 |
F-Score4
WACC3.65%
ROIC/WACC0.23
Cap/Depr(3y)105.28%
Cap/Depr(5y)497.24%
Cap/Sales(3y)2.58%
Cap/Sales(5y)9.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)125.2%
EPS 3Y2.71%
EPS 5Y-2.89%
EPS Q2Q%64.16%
EPS Next Y48.87%
EPS Next 2Y31.87%
EPS Next 3Y26.87%
EPS Next 5YN/A
Revenue 1Y (TTM)18.18%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%-7.92%
Revenue Next Year14.15%
Revenue Next 2Y8.98%
Revenue Next 3Y5.12%
Revenue Next 5YN/A
EBIT growth 1Y124.5%
EBIT growth 3Y6.82%
EBIT growth 5Y0.07%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-195.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-187.39%
OCF growth 3YN/A
OCF growth 5YN/A
BANCA SISTEMA SPA / BST.MI FAQ
What is the ChartMill fundamental rating of BANCA SISTEMA SPA (BST.MI) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BST.MI.
Can you provide the valuation status for BANCA SISTEMA SPA?
ChartMill assigns a valuation rating of 7 / 10 to BANCA SISTEMA SPA (BST.MI). This can be considered as Undervalued.
Can you provide the profitability details for BANCA SISTEMA SPA?
BANCA SISTEMA SPA (BST.MI) has a profitability rating of 5 / 10.
What are the PE and PB ratios of BANCA SISTEMA SPA (BST.MI) stock?
The Price/Earnings (PE) ratio for BANCA SISTEMA SPA (BST.MI) is 4.17 and the Price/Book (PB) ratio is 0.44.
What is the expected EPS growth for BANCA SISTEMA SPA (BST.MI) stock?
The Earnings per Share (EPS) of BANCA SISTEMA SPA (BST.MI) is expected to grow by 48.87% in the next year.