BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:BST - IT0003173629 - Common Stock
1.657 EUR
-0.01 (-0.54%)
We assign a fundamental rating of 5 out of 10 to BST. BST was compared to 111 industry peers in the Banks industry. BST has a medium profitability rating, but doesn't score so well on its financial health evaluation. BST is valued quite cheap, while showing a decent growth score. This is a good 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.
- Each year in the past 5 years BST has 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 (0.77%) which is in line with its industry peers.
- BST's Return On Equity of 10.61% is in line compared to the rest of the industry. BST outperforms 48.65% of its industry peers.
- BST has a better Return On Invested Capital (0.83%) than 98.20% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BST is below the industry average of 3.99%.
- The last Return On Invested Capital (0.83%) for BST is above the 3 year average (0.48%), which is a sign of increasing profitability.
| 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
- With a Profit Margin value of 22.05%, BST perfoms like the industry average, outperforming 48.65% of the companies in the same industry.
- BST's Profit Margin has declined in the last couple of years.
- The Operating Margin of BST (36.10%) is better than 99.10% of its industry peers.
- In the last couple of years the Operating Margin of BST has declined.
- Looking at the Gross Margin, with a value of 88.82%, BST belongs to the top of the industry, outperforming 99.10% of the companies in the same industry.
- BST's Gross Margin has declined in the last couple of years.
| 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.
- The number of shares outstanding for BST remains at a similar level compared to 5 years ago.
- BST has a better debt/assets ratio than last year.
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.
- With an excellent Altman-Z score value of -0.79, BST belongs to the best of the industry, outperforming 98.20% of the companies in the same industry.
- BST has a Debt/Equity ratio of 12.00. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 12.00, BST is not doing good in the industry: 97.30% of the companies in the same industry are doing better.
| 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.
- With an excellent Current ratio value of 0.05, BST belongs to the best of the industry, outperforming 98.20% of the companies in the same industry.
- 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's Quick ratio of 0.05 is amongst the best of the industry. BST outperforms 98.20% of its industry peers.
| 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%.
- Measured over the past years, BST shows a small growth in Revenue. The Revenue has been growing by 5.61% on average per year.
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.
- 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
- BST is valuated cheaply with a Price/Earnings ratio of 3.95.
- Compared to the rest of the industry, the Price/Earnings ratio of BST indicates a rather cheap valuation: BST is cheaper than 99.10% of the companies listed in the same industry.
- BST is valuated cheaply when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 4.86 indicates a rather cheap valuation of BST.
- 99.10% of the companies in the same industry are more expensive than BST, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 23.94. BST is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.95 | ||
| Fwd PE | 4.86 |
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 | 2.43 |
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 4.03, 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 1.83.
| 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
- 15.44% of the earnings are spent on dividend by BST. This is a low number and sustainable payout ratio.
DP15.44%
EPS Next 2Y23.61%
EPS Next 3Y20.98%
BIT:BST (1/21/2026, 3:08:08 PM)
1.657
-0.01 (-0.54%)
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 Cap133.26M
Revenue(TTM)153.38M
Net Income(TTM)33.83M
Analysts80
Price Target1.99 (20.1%)
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 | 3.95 | ||
| Fwd PE | 4.86 | ||
| P/S | 0.87 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.42 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | 2.43 |
EPS(TTM)0.42
EY25.35%
EPS(NY)0.34
Fwd EY20.58%
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.
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 3.95 and the Price/Book (PB) ratio is 0.42.
How financially healthy is BANCA SISTEMA SPA?
The financial health rating of BANCA SISTEMA SPA (BST.MI) is 3 / 10.