BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
BIT:BST • IT0003173629
1.64 EUR
0 (-0.24%)
Last: Feb 18, 2026, 04:40 PM
Taking everything into account, BST scores 5 out of 10 in our fundamental rating. BST was compared to 110 industry peers in the Banks industry. Both the profitability and the financial health of BST get a neutral evaluation. Nothing too spectacular is happening here. 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.
- BST had a positive 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
- BST has a Return On Assets (0.78%) which is comparable to the rest of the industry.
- BST has a Return On Equity (10.49%) which is comparable to the rest of the industry.
- With an excellent Return On Invested Capital value of 0.84%, BST belongs to the best of the industry, outperforming 98.18% 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 3.99%.
- The last Return On Invested Capital (0.84%) for BST is above the 3 year average (0.48%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 10.49% | ||
| ROIC | 0.84% |
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 21.26%, BST is doing worse than 60.91% of the companies in the same industry.
- In the last couple of years the Profit Margin of BST has declined.
- With an excellent Operating Margin value of 35.08%, BST belongs to the best of the industry, outperforming 99.09% of the companies in the same industry.
- BST's Operating Margin has declined in the last couple of years.
- BST's Gross Margin of 89.36% is amongst the best of the industry. BST outperforms 99.09% of its industry peers.
- BST's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.08% | ||
| PM (TTM) | 21.26% | ||
| GM | 89.36% |
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%
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.
- The debt/assets ratio for BST has been reduced compared to a year ago.
2.2 Solvency
- BST has an Altman-Z score of -0.74. This is a bad value and indicates that BST is not financially healthy and even has some risk of bankruptcy.
- BST has a Altman-Z score of -0.74. This is amongst the best in the industry. BST outperforms 98.18% of its industry peers.
- BST has a debt to FCF ratio of 23.12. This is a negative value and a sign of low solvency as BST would need 23.12 years to pay back of all of its debts.
- BST has a Debt to FCF ratio of 23.12. This is in the better half of the industry: BST outperforms 67.27% of its industry peers.
- A Debt/Equity ratio of 11.54 is on the high side and indicates that BST has dependencies on debt financing.
- BST's Debt to Equity ratio of 11.54 is on the low side compared to the rest of the industry. BST is outperformed by 96.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 11.54 | ||
| Debt/FCF | 23.12 | ||
| Altman-Z | -0.74 |
ROIC/WACC0.23
WACC3.63%
2.3 Liquidity
- A Current Ratio of 0.07 indicates that BST may have some problems paying its short term obligations.
- BST's Current ratio of 0.07 is amongst the best of the industry. BST outperforms 98.18% of its industry peers.
- A Quick Ratio of 0.07 indicates that BST may have some problems paying its short term obligations.
- BST has a better Quick ratio (0.07) than 98.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
- BST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 93.93%, which is quite impressive.
- Measured over the past years, BST shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.89% on average per year.
- Looking at the last year, BST shows a quite strong growth in Revenue. The Revenue has grown by 15.70% in the last year.
- The Revenue has been growing slightly by 5.61% on average over the past years.
EPS 1Y (TTM)93.93%
EPS 3Y2.71%
EPS 5Y-2.89%
EPS Q2Q%0.88%
Revenue 1Y (TTM)15.7%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%17.32%
3.2 Future
- BST is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.15% yearly.
- The Revenue is expected to grow by 6.16% on average over the next years.
EPS Next Y77.52%
EPS Next 2Y23.61%
EPS Next 3Y20.98%
EPS Next 5Y24.15%
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
- A Price/Earnings ratio of 3.90 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 99.09% of the companies listed in the same industry.
- BST is valuated cheaply when we compare the Price/Earnings ratio to 27.16, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 4.81, which indicates a rather cheap valuation of BST.
- Based on the Price/Forward Earnings ratio, BST is valued cheaper than 99.09% of the companies in the same industry.
- BST is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.9 | ||
| Fwd PE | 4.81 |
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.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of BST indicates a rather cheap valuation: BST is cheaper than 99.09% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.82 | ||
| EV/EBITDA | 1.05 |
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 4.33, BST pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, 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
DP0%
EPS Next 2Y23.61%
EPS Next 3Y20.98%
BIT:BST (2/18/2026, 4:40:34 PM)
1.64
0 (-0.24%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-06 2026-02-06
Earnings (Next)05-07 2026-05-07
Inst Owners13.76%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap131.89M
Revenue(TTM)159.40M
Net Income(TTM)33.89M
Analysts80
Price Target1.99 (21.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)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 | 3.9 | ||
| Fwd PE | 4.81 | ||
| P/S | 0.83 | ||
| P/FCF | 0.82 | ||
| P/OCF | 0.79 | ||
| P/B | 0.41 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 1.05 |
EPS(TTM)0.42
EY25.61%
EPS(NY)0.34
Fwd EY20.8%
FCF(TTM)2.01
FCFY122.28%
OCF(TTM)2.09
OCFY127.38%
SpS1.98
BVpS4.02
TBVpS3.43
PEG (NY)0.05
PEG (5Y)N/A
Graham Number6.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 10.49% | ||
| ROCE | 7.19% | ||
| ROIC | 0.84% | ||
| ROICexc | 0.9% | ||
| ROICexgc | 1% | ||
| OM | 35.08% | ||
| PM (TTM) | 21.26% | ||
| GM | 89.36% | ||
| FCFM | 101.17% |
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-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 11.54 | ||
| Debt/FCF | 23.12 | ||
| Debt/EBITDA | 62.05 | ||
| Cap/Depr | 161.73% | ||
| Cap/Sales | 4.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 279.6% | ||
| Profit Quality | 475.87% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | -0.74 |
F-Score7
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)93.93%
EPS 3Y2.71%
EPS 5Y-2.89%
EPS Q2Q%0.88%
EPS Next Y77.52%
EPS Next 2Y23.61%
EPS Next 3Y20.98%
EPS Next 5Y24.15%
Revenue 1Y (TTM)15.7%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%17.32%
Revenue Next Year45.41%
Revenue Next 2Y8.98%
Revenue Next 3Y6.16%
Revenue Next 5YN/A
EBIT growth 1Y90.95%
EBIT growth 3Y6.82%
EBIT growth 5Y0.07%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2181.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1611.09%
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 9 / 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 3.9 and the Price/Book (PB) ratio is 0.41.
How financially healthy is BANCA SISTEMA SPA?
The financial health rating of BANCA SISTEMA SPA (BST.MI) is 4 / 10.