BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
Europe - BIT:BST - IT0003173629 - Common Stock
1.588 EUR
0 (0%)
BST gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 95 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year BST was profitable.
BST had a negative operating cash flow in the past year.
BST had positive earnings in each of the past 5 years.
In multiple years BST reported negative operating cash flow during the last 5 years.
1.2 Ratios
BST has a Return On Assets (0.72%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 10.40%, BST is in line with its industry, outperforming 54.74% of the companies in the same industry.
The Return On Invested Capital of BST (0.78%) is better than 98.95% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BST is below the industry average of 4.17%.
The 3 year average ROIC (0.48%) for BST is below the current ROIC(0.78%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.72% | ||
| ROE | 10.4% | ||
| ROIC | 0.78% |
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 (20.93%) which is in line with its industry peers.
In the last couple of years the Profit Margin of BST has declined.
BST's Operating Margin of 34.68% is amongst the best of the industry. BST outperforms 98.95% of its industry peers.
In the last couple of years the Operating Margin of BST has declined.
With an excellent Gross Margin value of 87.96%, BST belongs to the best of the industry, outperforming 98.95% 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 | 34.68% | ||
| PM (TTM) | 20.93% | ||
| GM | 87.96% |
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.
Compared to 5 years ago, BST has about the same amount of shares outstanding.
BST has a better debt/assets ratio than last year.
2.2 Solvency
BST has an Altman-Z score of -0.79. This is a bad value and indicates that BST is not financially healthy and even has some risk of bankruptcy.
BST's Altman-Z score of -0.79 is amongst the best of the industry. BST outperforms 98.95% of its industry peers.
A Debt/Equity ratio of 12.48 is on the high side and indicates that BST has dependencies on debt financing.
The Debt to Equity ratio of BST (12.48) is worse than 91.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12.48 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.79 |
ROIC/WACC0.22
WACC3.62%
2.3 Liquidity
BST has a Current Ratio of 0.04. 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 Current ratio of 0.04. This is amongst the best in the industry. BST outperforms 98.95% 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 98.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 |
3. Growth
3.1 Past
BST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 92.70%, which is quite impressive.
BST shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.89% yearly.
BST shows a strong growth in Revenue. In the last year, the Revenue has grown by 25.56%.
The Revenue has been growing slightly by 5.61% on average over the past years.
EPS 1Y (TTM)92.7%
EPS 3Y2.71%
EPS 5Y-2.89%
EPS Q2Q%180.04%
Revenue 1Y (TTM)25.56%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%46.38%
3.2 Future
The Earnings Per Share is expected to grow by 22.00% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 5.12% on average over the next years.
EPS Next Y48.87%
EPS Next 2Y29.57%
EPS Next 3Y22%
EPS Next 5YN/A
Revenue Next Year14.15%
Revenue Next 2Y8.98%
Revenue Next 3Y5.12%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 3.87, the valuation of BST can be described as very cheap.
Based on the Price/Earnings ratio, BST is valued cheaply inside the industry as 97.89% of the companies are valued more expensively.
BST's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.20.
A Price/Forward Earnings ratio of 4.24 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 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. BST is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.87 | ||
| Fwd PE | 4.24 |
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 | 2.31 |
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.
A more expensive valuation may be justified as BST's earnings are expected to grow with 22.00% in the coming years.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y29.57%
EPS Next 3Y22%
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 4.93, BST pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, 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 15.99% of its income as dividend. This is a sustainable payout ratio.
DP15.99%
EPS Next 2Y29.57%
EPS Next 3Y22%
BIT:BST (9/18/2025, 10:45:08 AM)
1.588
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners8.96%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap127.71M
Analysts77.14
Price Target1.96 (23.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
Yearly Dividend0.07
Dividend Growth(5Y)-5.71%
DP15.99%
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)-6.34%
PT rev (3m)-14.03%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)9.48%
EPS NY rev (3m)9.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)4.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.87 | ||
| Fwd PE | 4.24 | ||
| P/S | 0.82 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.41 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 2.31 |
EPS(TTM)0.41
EY25.82%
EPS(NY)0.37
Fwd EY23.6%
FCF(TTM)-0.81
FCFYN/A
OCF(TTM)-0.74
OCFYN/A
SpS1.94
BVpS3.91
TBVpS3.3
PEG (NY)0.08
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.72% | ||
| ROE | 10.4% | ||
| ROCE | 7.1% | ||
| ROIC | 0.78% | ||
| ROICexc | 0.81% | ||
| ROICexgc | 0.91% | ||
| OM | 34.68% | ||
| PM (TTM) | 20.93% | ||
| GM | 87.96% | ||
| 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%
ROICexcg growth 3Y1.01%
ROICexcg 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 | 12.48 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 67.99 | ||
| Cap/Depr | 155.31% | ||
| Cap/Sales | 3.54% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 | ||
| Altman-Z | -0.79 |
F-Score4
WACC3.62%
ROIC/WACC0.22
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)92.7%
EPS 3Y2.71%
EPS 5Y-2.89%
EPS Q2Q%180.04%
EPS Next Y48.87%
EPS Next 2Y29.57%
EPS Next 3Y22%
EPS Next 5YN/A
Revenue 1Y (TTM)25.56%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%46.38%
Revenue Next Year14.15%
Revenue Next 2Y8.98%
Revenue Next 3Y5.12%
Revenue Next 5YN/A
EBIT growth 1Y101.93%
EBIT growth 3Y6.82%
EBIT growth 5Y0.07%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y59.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y62.38%
OCF growth 3YN/A
OCF growth 5YN/A