BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:BST - IT0003173629 - Common Stock
1.748 EUR
+0 (+0.23%)
Overall BST gets a fundamental rating of 5 out of 10. We evaluated BST against 118 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 may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
- In the past year BST was profitable.
- In the past year BST has reported a negative cash flow from operations.
- In the past 5 years BST has always been profitable.
- 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
- BST has a Return On Assets of 0.77%. This is comparable to the rest of the industry: BST outperforms 51.69% of its industry peers.
- BST's Return On Equity of 10.61% is in line compared to the rest of the industry. BST outperforms 47.46% of its industry peers.
- The Return On Invested Capital of BST (0.83%) is better than 98.31% of its industry peers.
- BST had an Average Return On Invested Capital over the past 3 years of 0.48%. This is below the industry average of 3.92%.
- 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
- Looking at the Profit Margin, with a value of 22.05%, BST is in line with its industry, outperforming 45.76% of the companies in the same industry.
- BST's Profit Margin has declined in the last couple of years.
- With an excellent Operating Margin value of 36.10%, BST belongs to the best of the industry, outperforming 99.15% of the companies in the same industry.
- 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 99.15% 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
- 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.
- The number of shares outstanding for BST remains at a similar level compared to 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 98.31% of its industry peers.
- A Debt/Equity ratio of 12.00 is on the high side and indicates that BST has dependencies on debt financing.
- BST has a worse Debt to Equity ratio (12.00) than 96.61% 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 98.31% of the companies in the same industry.
- A Quick Ratio of 0.05 indicates that BST may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.05, BST belongs to the top of the industry, outperforming 98.31% of the companies in the same industry.
| 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.
- BST shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.18%.
- 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
- BST is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.16% yearly.
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.
- 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
- Based on the Price/Earnings ratio of 4.16, the valuation of BST can be described as very cheap.
- 99.15% 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 (27.33), we can say BST is valued rather cheaply.
- With a Price/Forward Earnings ratio of 5.13, the valuation of BST can be described as very cheap.
- Based on the Price/Forward Earnings ratio, BST is valued cheaply inside the industry as 99.15% of the companies are valued more expensively.
- BST is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.16 | ||
| Fwd PE | 5.13 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BST is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.53 |
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 20.98% in the coming years.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y23.61%
EPS Next 3Y20.98%
5. Dividend
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 4.05, BST pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.91, BST pays a better dividend.
| 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 (1/15/2026, 9:10:01 AM)
1.748
+0 (+0.23%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)11-07 2025-11-07
Earnings (Next)02-05 2026-02-05
Inst Owners13.76%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap140.57M
Revenue(TTM)153.38M
Net Income(TTM)33.83M
Analysts80
Price Target1.99 (13.84%)
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)1.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)19.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)27.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.16 | ||
| Fwd PE | 5.13 | ||
| P/S | 0.92 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.44 | ||
| P/tB | 0.52 | ||
| EV/EBITDA | 2.53 |
EPS(TTM)0.42
EY24.03%
EPS(NY)0.34
Fwd EY19.51%
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
WACC3.65%
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 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.
What is the valuation status of BANCA SISTEMA SPA (BST.MI) stock?
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 is the valuation of BANCA SISTEMA SPA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for BANCA SISTEMA SPA (BST.MI) is 4.16 and the Price/Book (PB) ratio is 0.44.
How financially healthy is BANCA SISTEMA SPA?
The financial health rating of BANCA SISTEMA SPA (BST.MI) is 3 / 10.