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

BIT:BST • IT0003173629

Current stock price

1.706 EUR
-0.02 (-1.27%)
Last:

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

6

1. BST.MI Profitability Analysis

1.1 Basic Checks

  • In the past year BST was profitable.
  • In the past year BST had a positive 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.
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

  • With a Return On Assets value of 0.67%, BST perfoms like the industry average, outperforming 44.76% of the companies in the same industry.
  • BST has a Return On Equity (8.66%) which is in line with its industry peers.
  • BST has a Return On Invested Capital of 0.97%. This is amongst the best in the industry. BST outperforms 99.05% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BST is below the industry average of 3.68%.
  • The 3 year average ROIC (0.62%) for BST is below the current ROIC(0.97%), indicating increased profibility in the last year.
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 79.05% of its industry peers.
  • In the last couple of years the Profit Margin of BST has declined.
  • BST has a Operating Margin of 36.70%. This is amongst the best in the industry. BST outperforms 99.05% of its industry peers.
  • BST's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of BST (90.98%) is better than 99.05% of its industry peers.
  • BST's Gross Margin has been stable in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • BST has about the same amout of shares outstanding than it did 5 years ago.
  • BST has a better debt/assets ratio than last year.
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

  • Based on the Altman-Z score of -0.76, we must say that BST is in the distress zone and has some risk of bankruptcy.
  • BST's Altman-Z score of -0.76 is amongst the best of the industry. BST outperforms 99.05% 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.
  • Looking at the Debt to Equity ratio, with a value of 11.11, BST is doing worse than 97.14% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 11.11
Debt/FCF N/A
Altman-Z -0.76
ROIC/WACC0.27
WACC3.64%
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.
  • BST has a better Current ratio (0.04) than 99.05% of its industry peers.
  • A Quick Ratio of 0.04 indicates that BST may have some problems paying its short term obligations.
  • With an excellent Quick ratio value of 0.04, BST belongs to the best of the industry, outperforming 99.05% 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.
  • The Revenue has grown by 33.11% in the past year. This is a very strong growth!
  • The Revenue has been growing by 11.50% on average over the past years. This is quite good.
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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Find the best growth stocksShow best growing peers

6

4. BST.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 4.74, the valuation of BST can be described as very cheap.
  • BST's Price/Earnings ratio is rather cheap when compared to the industry. BST is cheaper than 98.10% of the companies in the same industry.
  • BST's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.78.
  • The Price/Forward Earnings ratio is 5.00, which indicates a rather cheap valuation of BST.
  • Based on the Price/Forward Earnings ratio, BST is valued cheaply inside the industry as 98.10% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of BST to the average of the S&P500 Index (23.54), we can say BST is valued rather cheaply.
Industry RankSector Rank
PE 4.74
Fwd PE 5
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

  • BST's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BST is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.32
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

  • BST has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.28
EPS Next 2Y-7.67%
EPS Next 3Y4.25%

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

5

5. BST.MI Dividend Analysis

5.1 Amount

  • BST has a Yearly Dividend Yield of 5.54%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.70, BST pays a bit more dividend than its industry peers.
  • BST's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
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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Find the best dividend stocksShow peers with best dividend

BST.MI Fundamentals: All Metrics, Ratios and Statistics

BANCA SISTEMA SPA

BIT:BST (4/10/2026, 7:00:00 PM)

1.706

-0.02 (-1.27%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-06
Earnings (Next)05-07
Inst Owners10.94%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap137.20M
Revenue(TTM)187.78M
Net Income(TTM)29.04M
Analysts80
Price Target2.04 (19.58%)
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 4.74
Fwd PE 5
P/S 0.73
P/FCF N/A
P/OCF 74.12
P/B 0.41
P/tB 0.46
EV/EBITDA 3.32
EPS(TTM)0.36
EY21.1%
EPS(NY)0.34
Fwd EY19.99%
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.02
OCFY1.35%
SpS2.34
BVpS4.17
TBVpS3.74
PEG (NY)N/A
PEG (5Y)2.28
Graham Number5.81
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
WACC3.64%
ROIC/WACC0.27
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 8 / 10 to BANCA SISTEMA SPA (BST.MI). This can be considered as Undervalued.


What is the profitability of BST stock?

BANCA SISTEMA SPA (BST.MI) has a profitability rating of 6 / 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 4 / 10 and the dividend payout ratio is 0%.