BANCA SISTEMA SPA (BST.MI) Fundamental Analysis & Valuation

BIT:BST • IT0003173629

Current stock price

1.672 EUR
-0.02 (-1.42%)
Last:

This BST.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. BST.MI Profitability Analysis

1.1 Basic Checks

  • BST had positive earnings in the past year.
  • In the past year BST had a positive cash flow from operations.
  • Each year in the past 5 years BST has been profitable.
  • In multiple years BST reported negative operating cash flow during the last 5 years.
BST.MI Yearly Net Income VS EBIT VS OCF VS FCFBST.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M

1.2 Ratios

  • BST has a Return On Assets (0.67%) which is comparable to the rest of the industry.
  • BST has a worse Return On Equity (8.66%) than 60.40% of its industry peers.
  • BST has a better Return On Invested Capital (0.97%) than 98.02% of its industry peers.
  • BST had an Average Return On Invested Capital over the past 3 years of 0.62%. This is below the industry average of 4.07%.
  • The last Return On Invested Capital (0.97%) for BST is above the 3 year average (0.62%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.67%
ROE 8.66%
ROIC 0.97%
ROA(3y)0.52%
ROA(5y)0.54%
ROE(3y)7.75%
ROE(5y)8.26%
ROIC(3y)0.62%
ROIC(5y)0.57%
BST.MI Yearly ROA, ROE, ROICBST.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • BST's Profit Margin of 15.47% is on the low side compared to the rest of the industry. BST is outperformed by 79.21% of its industry peers.
  • BST's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 36.70%, BST belongs to the top of the industry, outperforming 99.01% of the companies in the same industry.
  • BST's Operating Margin has been stable in the last couple of years.
  • BST's Gross Margin of 90.98% is amongst the best of the industry. BST outperforms 99.01% of its industry peers.
  • In the last couple of years the Gross Margin of BST has remained more or less at the same level.
Industry RankSector Rank
OM 36.7%
PM (TTM) 15.47%
GM 90.98%
OM growth 3Y10.12%
OM growth 5Y1.31%
PM growth 3Y-5.35%
PM growth 5Y-8.42%
GM growth 3Y1.23%
GM growth 5Y-0.58%
BST.MI Yearly Profit, Operating, Gross MarginsBST.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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3

2. BST.MI Health Analysis

2.1 Basic Checks

  • BST has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
  • Compared to 1 year ago, BST has an improved debt to assets ratio.
BST.MI Yearly Shares OutstandingBST.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
BST.MI Yearly Total Debt VS Total AssetsBST.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • BST has an Altman-Z score of -0.76. This is a bad value and indicates that BST is not financially healthy and even has some risk of bankruptcy.
  • BST's Altman-Z score of -0.76 is amongst the best of the industry. BST outperforms 98.02% of its industry peers.
  • BST has a Debt/Equity ratio of 11.11. This is a high value indicating a heavy dependency on external financing.
  • BST has a Debt to Equity ratio of 11.11. This is amonst the worse of the industry: BST underperforms 98.02% of its industry peers.
Industry RankSector Rank
Debt/Equity 11.11
Debt/FCF N/A
Altman-Z -0.76
ROIC/WACC0.28
WACC3.4%
BST.MI Yearly LT Debt VS Equity VS FCFBST.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

2.3 Liquidity

  • A Current Ratio of 0.04 indicates that BST may have some problems paying its short term obligations.
  • The Current ratio of BST (0.04) is better than 98.02% of its industry peers.
  • BST has a Quick Ratio of 0.04. 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 0.04, BST belongs to the best of the industry, outperforming 98.02% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
BST.MI Yearly Current Assets VS Current LiabilitesBST.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. BST.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 15.25% over the past year.
  • Measured over the past 5 years, BST shows a small growth in Earnings Per Share. The EPS has been growing by 2.08% on average per year.
  • Looking at the last year, BST shows a very strong growth in Revenue. The Revenue has grown by 33.11%.
  • Measured over the past years, BST shows a quite strong growth in Revenue. The Revenue has been growing by 11.50% on average per year.
EPS 1Y (TTM)15.25%
EPS 3Y9.47%
EPS 5Y2.08%
EPS Q2Q%-37.64%
Revenue 1Y (TTM)33.11%
Revenue growth 3Y15.84%
Revenue growth 5Y11.5%
Sales Q2Q%69.67%

3.2 Future

  • BST is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.25% yearly.
  • Based on estimates for the next years, BST will show a decrease in Revenue. The Revenue will decrease by -9.29% on average per year.
EPS Next Y-26.43%
EPS Next 2Y-7.67%
EPS Next 3Y4.25%
EPS Next 5YN/A
Revenue Next Year-18.32%
Revenue Next 2Y-9.29%
Revenue Next 3YN/A
Revenue Next 5YN/A

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 decreasing.
BST.MI Yearly Revenue VS EstimatesBST.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
BST.MI Yearly EPS VS EstimatesBST.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.1 0.2 0.3 0.4 0.5

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6

4. BST.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 4.64, the valuation of BST can be described as very cheap.
  • Based on the Price/Earnings ratio, BST is valued cheaper than 99.01% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, BST is valued rather cheaply.
  • A Price/Forward Earnings ratio of 4.90 indicates a rather cheap valuation of BST.
  • BST's Price/Forward Earnings ratio is rather cheap when compared to the industry. BST is cheaper than 99.01% of the companies in the same industry.
  • BST's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.36.
Industry RankSector Rank
PE 4.64
Fwd PE 4.9
BST.MI Price Earnings VS Forward Price EarningsBST.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 RankSector Rank
P/FCF N/A
EV/EBITDA 3.29
BST.MI Per share dataBST.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)2.23
EPS Next 2Y-7.67%
EPS Next 3Y4.25%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. BST.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.54%, BST is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.51, BST pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, BST pays a better dividend.
Industry RankSector 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

DP0%
EPS Next 2Y-7.67%
EPS Next 3Y4.25%
BST.MI Yearly Income VS Free CF VS DividendBST.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M

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BST.MI Fundamentals: All Metrics, Ratios and Statistics

BANCA SISTEMA SPA

BIT:BST (4/30/2026, 4:50:57 PM)

1.672

-0.02 (-1.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Industry Strength83.78
Industry Growth90.67
Earnings (Last)02-06
Earnings (Next)05-07
Inst Owners10.94%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap134.46M
Revenue(TTM)187.78M
Net Income(TTM)29.04M
Analysts80
Price Target2.04 (22.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.54%
Yearly Dividend0.07
Dividend Growth(5Y)-5.71%
DP0%
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)2.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 4.64
Fwd PE 4.9
P/S 0.72
P/FCF N/A
P/OCF 72.64
P/B 0.4
P/tB 0.45
EV/EBITDA 3.29
EPS(TTM)0.36
EY21.53%
EPS(NY)0.34
Fwd EY20.4%
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.02
OCFY1.38%
SpS2.34
BVpS4.17
TBVpS3.74
PEG (NY)N/A
PEG (5Y)2.23
Graham Number5.81027 (247.5%)
Profitability
Industry RankSector Rank
ROA 0.67%
ROE 8.66%
ROCE 9.01%
ROIC 0.97%
ROICexc 0.99%
ROICexgc 1.08%
OM 36.7%
PM (TTM) 15.47%
GM 90.98%
FCFM N/A
ROA(3y)0.52%
ROA(5y)0.54%
ROE(3y)7.75%
ROE(5y)8.26%
ROIC(3y)0.62%
ROIC(5y)0.57%
ROICexc(3y)0.64%
ROICexc(5y)0.59%
ROICexgc(3y)0.7%
ROICexgc(5y)0.64%
ROCE(3y)6.12%
ROCE(5y)5.77%
ROICexgc growth 3Y30.75%
ROICexgc growth 5Y11.18%
ROICexc growth 3Y27.89%
ROICexc growth 5Y9.44%
OM growth 3Y10.12%
OM growth 5Y1.31%
PM growth 3Y-5.35%
PM growth 5Y-8.42%
GM growth 3Y1.23%
GM growth 5Y-0.58%
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 11.11
Debt/FCF N/A
Debt/EBITDA 50.73
Cap/Depr 165.12%
Cap/Sales 3.95%
Interest Coverage 250
Cash Conversion 2.52%
Profit Quality N/A
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z -0.76
F-Score6
WACC3.4%
ROIC/WACC0.28
Cap/Depr(3y)123.63%
Cap/Depr(5y)178.88%
Cap/Sales(3y)2.99%
Cap/Sales(5y)4.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.25%
EPS 3Y9.47%
EPS 5Y2.08%
EPS Q2Q%-37.64%
EPS Next Y-26.43%
EPS Next 2Y-7.67%
EPS Next 3Y4.25%
EPS Next 5YN/A
Revenue 1Y (TTM)33.11%
Revenue growth 3Y15.84%
Revenue growth 5Y11.5%
Sales Q2Q%69.67%
Revenue Next Year-18.32%
Revenue Next 2Y-9.29%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y64.05%
EBIT growth 3Y27.56%
EBIT growth 5Y12.96%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y96.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y101.36%
OCF growth 3YN/A
OCF growth 5Y-47.79%

BANCA SISTEMA SPA / BST.MI Fundamental Analysis 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.


What is the valuation status for BST stock?

ChartMill assigns a valuation rating of 6 / 10 to BANCA SISTEMA SPA (BST.MI). This can be considered as Fairly Valued.


What is the profitability of BST stock?

BANCA SISTEMA SPA (BST.MI) has a profitability rating of 5 / 10.


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 decline by -26.43% in the next year.


Is the dividend of BANCA SISTEMA SPA sustainable?

The dividend rating of BANCA SISTEMA SPA (BST.MI) is 5 / 10 and the dividend payout ratio is 0%.