BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:BST - IT0003173629 - Common Stock
1.672 EUR
-0.01 (-0.83%)
BST gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 108 industry peers in the Banks industry. There are concerns on the financial health of BST while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on BST.
1. Profitability
1.1 Basic Checks
BST had positive earnings in the past year.
BST had a negative operating cash flow in the past year.
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.
1.2 Ratios
With a Return On Assets value of 0.77%, BST perfoms like the industry average, outperforming 51.38% of the companies in the same industry.
BST has a Return On Equity (10.61%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 0.83%, BST belongs to the top of the industry, outperforming 99.08% 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 of 22.05%. This is comparable to the rest of the industry: BST outperforms 46.79% of its industry peers.
In the last couple of years the Profit Margin of BST has declined.
With an excellent Operating Margin value of 36.10%, BST belongs to the best of the industry, outperforming 99.08% of the companies in the same industry.
BST's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 88.82%, BST belongs to the top of the industry, outperforming 99.08% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BST is destroying value.
The number of shares outstanding for BST remains at a similar level compared to 1 year ago.
BST has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, BST has an improved debt to assets ratio.
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.
The Altman-Z score of BST (-0.79) is better than 99.08% of its industry peers.
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 94.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.79 |
ROIC/WACC0.23
WACC3.63%
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.
The Current ratio of BST (0.05) is better than 99.08% of its industry peers.
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 99.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 125.20% over the past year.
The Earnings Per Share has been decreasing by -2.89% on average over the past years.
Looking at the last year, BST shows a quite strong growth in Revenue. The Revenue has grown by 18.18% in the last year.
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 20.98% 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 6.16% on average per year.
EPS Next Y77.52%
EPS Next 2Y23.61%
EPS Next 3Y20.98%
EPS Next 5YN/A
Revenue Next Year45.41%
Revenue Next 2Y8.98%
Revenue Next 3Y6.16%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 3.98, the valuation of BST can be described as very cheap.
99.08% of the companies in the same industry are more expensive than BST, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BST to the average of the S&P500 Index (26.46), we can say 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 99.08% 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 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.98 | ||
| Fwd PE | 4.9 |
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 | 2.44 |
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.
BST's earnings are expected to grow with 20.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y23.61%
EPS Next 3Y20.98%
5. Dividend
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 4.69, 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 2.32.
| 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 2Y23.61%
EPS Next 3Y20.98%
BIT:BST (12/5/2025, 7:00:00 PM)
1.672
-0.01 (-0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners13.26%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap134.46M
Revenue(TTM)153.38M
Net Income(TTM)33.83M
Analysts80
Price Target1.99 (19.02%)
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)1.56%
PT rev (3m)1.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)19.25%
EPS NY rev (3m)19.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)27.39%
Revenue NY rev (3m)27.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.98 | ||
| Fwd PE | 4.9 | ||
| P/S | 0.88 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.42 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 2.44 |
EPS(TTM)0.42
EY25.12%
EPS(NY)0.34
Fwd EY20.4%
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)-1.2
OCFYN/A
SpS1.91
BVpS3.96
TBVpS3.37
PEG (NY)0.05
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
WACC3.63%
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 Y77.52%
EPS Next 2Y23.61%
EPS Next 3Y20.98%
EPS Next 5YN/A
Revenue 1Y (TTM)18.18%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%-7.92%
Revenue Next Year45.41%
Revenue Next 2Y8.98%
Revenue Next 3Y6.16%
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 3.98 and the Price/Book (PB) ratio is 0.42.
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 77.52% in the next year.