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

BIT:BST • IT0003173629

Current stock price

1.656 EUR
+0.02 (+1.28%)
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

  • BST had positive earnings in the past year.
  • In the past year BST had a positive cash flow from operations.
  • In the past 5 years BST has always 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's Return On Assets of 0.78% is in line compared to the rest of the industry. BST outperforms 50.00% of its industry peers.
  • BST has a Return On Equity (10.49%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of BST (0.83%) is better than 98.18% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BST is below the industry average of 4.02%.
  • The last Return On Invested Capital (0.83%) for BST is above the 3 year average (0.66%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.78%
ROE 10.49%
ROIC 0.83%
ROA(3y)0.62%
ROA(5y)0.6%
ROE(3y)8.91%
ROE(5y)8.96%
ROIC(3y)0.66%
ROIC(5y)0.61%
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 has a worse Profit Margin (21.26%) than 60.91% of its industry peers.
  • In the last couple of years the Profit Margin of BST has remained more or less at the same level.
  • 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.
  • In the last couple of years the Operating Margin of BST has remained more or less at the same level.
  • With an excellent Gross Margin value of 89.36%, BST belongs to the best of the industry, outperforming 99.09% of the companies in the same industry.
  • BST's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 35.08%
PM (TTM) 21.26%
GM 89.36%
OM growth 3Y10.12%
OM growth 5Y1.31%
PM growth 3Y7.32%
PM growth 5Y-1.24%
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BST is destroying value.
  • BST has about the same amout of shares outstanding than it did 1 year ago.
  • 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.
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 -0.74, we must say that BST is in the distress zone and has some risk of bankruptcy.
  • With an excellent Altman-Z score value of -0.74, BST belongs to the best of the industry, outperforming 98.18% of the companies in the same industry.
  • The Debt to FCF ratio of BST is 23.12, which is on the high side as it means it would take BST, 23.12 years of fcf income to pay off all of its debts.
  • BST has a Debt to FCF ratio (23.12) which is in line with its industry peers.
  • BST has a Debt/Equity ratio of 11.54. This is a high value indicating a heavy dependency on external financing.
  • BST has a worse Debt to Equity ratio (11.54) than 96.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 11.54
Debt/FCF 23.12
Altman-Z -0.74
ROIC/WACC0.23
WACC3.63%
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 0.07 indicates that BST may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.07, BST belongs to the top of the industry, outperforming 98.18% of the companies in the same industry.
  • A Quick Ratio of 0.07 indicates that BST may have some problems paying its short term obligations.
  • With an excellent Quick ratio value of 0.07, BST belongs to the best of the industry, outperforming 98.18% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.07
Quick Ratio 0.07
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

  • BST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 68.10%, which is quite impressive.
  • Measured over the past years, BST shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.08% on average per year.
  • BST shows a strong growth in Revenue. In the last year, 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)68.1%
EPS 3Y24.15%
EPS 5Y10.08%
EPS Q2Q%65.79%
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.
  • BST is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -9.29% yearly.
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 decreasing.
  • 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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8

4. BST.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 3.12, 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 99.09% 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 25.61.
  • BST is valuated cheaply with a Price/Forward Earnings ratio of 4.86.
  • Based on the Price/Forward Earnings ratio, BST is valued cheaply inside the industry as 98.18% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of BST to the average of the S&P500 Index (22.79), we can say BST is valued rather cheaply.
Industry RankSector Rank
PE 3.12
Fwd PE 4.86
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

  • 100.00% of the companies in the same industry are more expensive than BST, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, BST is valued cheaply inside the industry as 98.18% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 0.83
EV/EBITDA 1.06
BST.MI Per share dataBST.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • The decent profitability rating of BST may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.31
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

  • With a Yearly Dividend Yield of 5.54%, BST is a good candidate for dividend investing.
  • BST's Dividend Yield is a higher than the industry average which is at 4.75.
  • Compared to an average S&P500 Dividend Yield of 1.89, 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 (3/25/2026, 7:00:00 PM)

1.656

+0.02 (+1.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-06
Earnings (Next)05-07
Inst Owners12.86%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap133.18M
Revenue(TTM)187.78M
Net Income(TTM)33.89M
Analysts80
Price Target2.04 (23.19%)
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)2.56%
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 3.12
Fwd PE 4.86
P/S 0.84
P/FCF 0.83
P/OCF 0.79
P/B 0.41
P/tB 0.48
EV/EBITDA 1.06
EPS(TTM)0.53
EY32%
EPS(NY)0.34
Fwd EY20.59%
FCF(TTM)2.01
FCFY121.09%
OCF(TTM)2.09
OCFY126.15%
SpS1.98
BVpS4.02
TBVpS3.43
PEG (NY)N/A
PEG (5Y)0.31
Graham Number6.92
Profitability
Industry RankSector Rank
ROA 0.78%
ROE 10.49%
ROCE 7.19%
ROIC 0.83%
ROICexc 0.89%
ROICexgc 0.98%
OM 35.08%
PM (TTM) 21.26%
GM 89.36%
FCFM 101.17%
ROA(3y)0.62%
ROA(5y)0.6%
ROE(3y)8.91%
ROE(5y)8.96%
ROIC(3y)0.66%
ROIC(5y)0.61%
ROICexc(3y)0.68%
ROICexc(5y)0.63%
ROICexgc(3y)0.74%
ROICexgc(5y)0.68%
ROCE(3y)6.02%
ROCE(5y)5.72%
ROICexgc growth 3Y30.65%
ROICexgc growth 5Y11.13%
ROICexc growth 3Y27.44%
ROICexc growth 5Y9.21%
OM growth 3Y10.12%
OM growth 5Y1.31%
PM growth 3Y7.32%
PM growth 5Y-1.24%
GM growth 3Y1.23%
GM growth 5Y-0.58%
F-Score8
Asset Turnover0.04
Health
Industry RankSector 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-Score8
WACC3.63%
ROIC/WACC0.23
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)68.1%
EPS 3Y24.15%
EPS 5Y10.08%
EPS Q2Q%65.79%
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 1Y90.95%
EBIT growth 3Y27.56%
EBIT growth 5Y12.96%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y508.92%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y547.22%
OCF growth 3YN/A
OCF growth 5YN/A

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 of BANCA SISTEMA SPA (BST.MI) stock?

ChartMill assigns a valuation rating of 8 / 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 6 / 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 3.12 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 3 / 10.