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BFF BANK SPA (BFF.MI) Stock Fundamental Analysis

BIT:BFF - Euronext Milan - IT0005244402 - Common Stock - Currency: EUR

8.955  +0.05 (+0.62%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BFF. BFF was compared to 47 industry peers in the Financial Services industry. Both the profitability and financial health of BFF have multiple concerns. BFF has a decent growth rate and is not valued too expensively. BFF also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

BFF had positive earnings in the past year.
In the past 5 years BFF has always been profitable.
In multiple years BFF reported negative operating cash flow during the last 5 years.
BFF.MI Yearly Net Income VS EBIT VS OCF VS FCFBFF.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

The Return On Assets of BFF (2.25%) is comparable to the rest of the industry.
BFF has a better Return On Equity (30.55%) than 82.98% of its industry peers.
Industry RankSector Rank
ROA 2.25%
ROE 30.55%
ROIC N/A
ROA(3y)1.64%
ROA(5y)1.64%
ROE(3y)25.93%
ROE(5y)26.4%
ROIC(3y)N/A
ROIC(5y)N/A
BFF.MI Yearly ROA, ROE, ROICBFF.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

With a decent Profit Margin value of 40.36%, BFF is doing good in the industry, outperforming 78.72% of the companies in the same industry.
In the last couple of years the Profit Margin of BFF has remained more or less at the same level.
BFF does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 40.36%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-12.22%
PM growth 5Y-1.19%
GM growth 3YN/A
GM growth 5YN/A
BFF.MI Yearly Profit, Operating, Gross MarginsBFF.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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0

2. Health

2.1 Basic Checks

BFF does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BFF has been increased compared to 1 year ago.
The number of shares outstanding for BFF has been increased compared to 5 years ago.
The debt/assets ratio for BFF is higher compared to a year ago.
BFF.MI Yearly Shares OutstandingBFF.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
BFF.MI Yearly Total Debt VS Total AssetsBFF.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

BFF has a Debt/Equity ratio of 0.65. This is a neutral value indicating BFF is somewhat dependend on debt financing.
BFF has a Debt to Equity ratio (0.65) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC6.82%
BFF.MI Yearly LT Debt VS Equity VS FCFBFF.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BFF.MI Yearly Current Assets VS Current LiabilitesBFF.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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5

3. Growth

3.1 Past

BFF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.00%, which is quite good.
Measured over the past years, BFF shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.88% on average per year.
Looking at the last year, BFF shows a quite strong growth in Revenue. The Revenue has grown by 8.99% in the last year.
The Revenue has been growing by 19.70% on average over the past years. This is quite good.
EPS 1Y (TTM)11%
EPS 3Y1.96%
EPS 5Y16.88%
EPS Q2Q%-10.55%
Revenue 1Y (TTM)8.99%
Revenue growth 3Y17.33%
Revenue growth 5Y19.7%
Sales Q2Q%3.13%

3.2 Future

Based on estimates for the next years, BFF will show a small growth in Earnings Per Share. The EPS will grow by 4.98% on average per year.
BFF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.88% yearly.
EPS Next Y-4.96%
EPS Next 2Y2.59%
EPS Next 3Y5.55%
EPS Next 5Y4.98%
Revenue Next Year0.54%
Revenue Next 2Y4.78%
Revenue Next 3Y5.3%
Revenue Next 5Y3.88%

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.
BFF.MI Yearly Revenue VS EstimatesBFF.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 100M 200M 300M 400M 500M
BFF.MI Yearly EPS VS EstimatesBFF.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.5 1

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 7.79, the valuation of BFF can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of BFF indicates a somewhat cheap valuation: BFF is cheaper than 78.72% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BFF to the average of the S&P500 Index (26.35), we can say BFF is valued rather cheaply.
A Price/Forward Earnings ratio of 7.42 indicates a rather cheap valuation of BFF.
80.85% of the companies in the same industry are more expensive than BFF, based on the Price/Forward Earnings ratio.
BFF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.79
Fwd PE 7.42
BFF.MI Price Earnings VS Forward Price EarningsBFF.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BFF.MI Per share dataBFF.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.46
EPS Next 2Y2.59%
EPS Next 3Y5.55%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.60%, BFF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.98, BFF pays a better dividend. On top of this BFF pays more dividend than 95.74% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, BFF pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.6%

5.2 History

The dividend of BFF is nicely growing with an annual growth rate of 8.85%!
Dividend Growth(5Y)8.85%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

BFF's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y2.59%
EPS Next 3Y5.55%
BFF.MI Yearly Income VS Free CF VS DividendBFF.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

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BFF BANK SPA

BIT:BFF (6/20/2025, 7:00:00 PM)

8.955

+0.05 (+0.62%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)05-08 2025-05-08
Earnings (Next)08-05 2025-08-05
Inst Owners49.78%
Inst Owner ChangeN/A
Ins Owners5.8%
Ins Owner ChangeN/A
Market Cap1.69B
Analysts81.54
Price Target10.61 (18.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.6%
Yearly Dividend0.86
Dividend Growth(5Y)8.85%
DPN/A
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)0
Avg Revenue beat(2)-15.89%
Min Revenue beat(2)-20.64%
Max Revenue beat(2)-11.15%
Revenue beat(4)1
Avg Revenue beat(4)2.85%
Min Revenue beat(4)-20.64%
Max Revenue beat(4)49.49%
Revenue beat(8)2
Avg Revenue beat(8)0.26%
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)-0.21%
PT rev (3m)-0.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.22%
Valuation
Industry RankSector Rank
PE 7.79
Fwd PE 7.42
P/S 2.44
P/FCF N/A
P/OCF N/A
P/B 1.85
P/tB 2.01
EV/EBITDA N/A
EPS(TTM)1.15
EY12.84%
EPS(NY)1.21
Fwd EY13.48%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS3.67
BVpS4.85
TBVpS4.45
PEG (NY)N/A
PEG (5Y)0.46
Profitability
Industry RankSector Rank
ROA 2.25%
ROE 30.55%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 40.36%
GM N/A
FCFM N/A
ROA(3y)1.64%
ROA(5y)1.64%
ROE(3y)25.93%
ROE(5y)26.4%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-12.22%
PM growth 5Y-1.19%
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-ScoreN/A
WACC6.82%
ROIC/WACCN/A
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)11%
EPS 3Y1.96%
EPS 5Y16.88%
EPS Q2Q%-10.55%
EPS Next Y-4.96%
EPS Next 2Y2.59%
EPS Next 3Y5.55%
EPS Next 5Y4.98%
Revenue 1Y (TTM)8.99%
Revenue growth 3Y17.33%
Revenue growth 5Y19.7%
Sales Q2Q%3.13%
Revenue Next Year0.54%
Revenue Next 2Y4.78%
Revenue Next 3Y5.3%
Revenue Next 5Y3.88%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A