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

BIT:BST • IT0003173629

Current stock price

1.696 EUR
+0 (+0.18%)
Last:

This BST.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. BST.MI Profitability Analysis

1.1 Basic Checks

  • BST had positive earnings in the past year.
  • BST had a positive 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.
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 0.67% is in line compared to the rest of the industry. BST outperforms 44.55% of its industry peers.
  • The Return On Equity of BST (8.66%) is worse than 60.40% of its industry peers.
  • BST's Return On Invested Capital of 0.97% is amongst the best of the industry. BST outperforms 98.02% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BST is below the industry average of 4.07%.
  • The last Return On Invested Capital (0.97%) for BST is above the 3 year average (0.62%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.67%
ROE 8.66%
ROIC 0.97%
ROA(3y)0.52%
ROA(5y)0.54%
ROE(3y)7.75%
ROE(5y)8.26%
ROIC(3y)0.62%
ROIC(5y)0.57%
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 Profit Margin of 15.47%. This is in the lower half of the industry: BST underperforms 79.21% of its industry peers.
  • In the last couple of years the Profit Margin of BST has declined.
  • BST has a better Operating Margin (36.70%) than 99.01% of its industry peers.
  • BST's Operating Margin has been stable in the last couple of years.
  • BST has a Gross Margin of 90.98%. This is amongst the best in the industry. BST outperforms 99.01% of its industry peers.
  • BST's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 36.7%
PM (TTM) 15.47%
GM 90.98%
OM growth 3Y10.12%
OM growth 5Y1.31%
PM growth 3Y-5.35%
PM growth 5Y-8.42%
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BST 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.
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

  • BST has an Altman-Z score of -0.76. This is a bad value and indicates that BST is not financially healthy and even has some risk of bankruptcy.
  • With an excellent Altman-Z score value of -0.76, BST belongs to the best of the industry, outperforming 98.02% of the companies in the same industry.
  • BST has a Debt/Equity ratio of 11.11. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of BST (11.11) is worse than 98.02% of its industry peers.
Industry RankSector Rank
Debt/Equity 11.11
Debt/FCF N/A
Altman-Z -0.76
ROIC/WACC0.28
WACC3.4%
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

  • 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.
  • Looking at the Current ratio, with a value of 0.04, BST belongs to the top of the industry, outperforming 98.02% of the companies in the same industry.
  • A Quick Ratio of 0.04 indicates that BST may have some problems paying its short term obligations.
  • BST has a better Quick ratio (0.04) than 98.02% of its industry peers.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
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

  • The Earnings Per Share has grown by an nice 15.25% over the past year.
  • BST shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.08% yearly.
  • Looking at the last year, BST shows a very strong growth in Revenue. The Revenue has grown by 33.11%.
  • BST shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.50% yearly.
EPS 1Y (TTM)15.25%
EPS 3Y9.47%
EPS 5Y2.08%
EPS Q2Q%-37.64%
Revenue 1Y (TTM)33.11%
Revenue growth 3Y15.84%
Revenue growth 5Y11.5%
Sales Q2Q%69.67%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.25% on average over the next years.
  • The Revenue is expected to decrease by -9.29% on average over the next years.
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 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 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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Find the best growth stocksShow best growing peers

6

4. BST.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 4.71, which 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 99.01% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of BST to the average of the S&P500 Index (26.54), we can say BST is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 4.97, the valuation of BST can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, BST is valued cheaply inside the industry as 99.01% of the companies are valued more expensively.
  • BST is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 4.71
Fwd PE 4.97
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

  • 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.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.31
BST.MI Per share dataBST.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)2.27
EPS Next 2Y-7.67%
EPS Next 3Y4.25%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. BST.MI Dividend Analysis

5.1 Amount

  • BST has a Yearly Dividend Yield of 5.54%, which is a nice return.
  • BST's Dividend Yield is a higher than the industry average which is at 4.48.
  • BST's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
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 (4/29/2026, 2:47:43 PM)

1.696

+0 (+0.18%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Industry Strength82.43
Industry Growth90.67
Earnings (Last)02-06
Earnings (Next)05-07
Inst Owners10.94%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap136.39M
Revenue(TTM)187.78M
Net Income(TTM)29.04M
Analysts80
Price Target2.04 (20.28%)
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)0%
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 4.71
Fwd PE 4.97
P/S 0.73
P/FCF N/A
P/OCF 73.69
P/B 0.41
P/tB 0.45
EV/EBITDA 3.31
EPS(TTM)0.36
EY21.23%
EPS(NY)0.34
Fwd EY20.11%
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.02
OCFY1.36%
SpS2.34
BVpS4.17
TBVpS3.74
PEG (NY)N/A
PEG (5Y)2.27
Graham Number5.81027 (242.59%)
Profitability
Industry RankSector Rank
ROA 0.67%
ROE 8.66%
ROCE 9.01%
ROIC 0.97%
ROICexc 0.99%
ROICexgc 1.08%
OM 36.7%
PM (TTM) 15.47%
GM 90.98%
FCFM N/A
ROA(3y)0.52%
ROA(5y)0.54%
ROE(3y)7.75%
ROE(5y)8.26%
ROIC(3y)0.62%
ROIC(5y)0.57%
ROICexc(3y)0.64%
ROICexc(5y)0.59%
ROICexgc(3y)0.7%
ROICexgc(5y)0.64%
ROCE(3y)6.12%
ROCE(5y)5.77%
ROICexgc growth 3Y30.75%
ROICexgc growth 5Y11.18%
ROICexc growth 3Y27.89%
ROICexc growth 5Y9.44%
OM growth 3Y10.12%
OM growth 5Y1.31%
PM growth 3Y-5.35%
PM growth 5Y-8.42%
GM growth 3Y1.23%
GM growth 5Y-0.58%
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 11.11
Debt/FCF N/A
Debt/EBITDA 50.73
Cap/Depr 165.12%
Cap/Sales 3.95%
Interest Coverage 250
Cash Conversion 2.52%
Profit Quality N/A
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z -0.76
F-Score6
WACC3.4%
ROIC/WACC0.28
Cap/Depr(3y)123.63%
Cap/Depr(5y)178.88%
Cap/Sales(3y)2.99%
Cap/Sales(5y)4.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.25%
EPS 3Y9.47%
EPS 5Y2.08%
EPS Q2Q%-37.64%
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 1Y64.05%
EBIT growth 3Y27.56%
EBIT growth 5Y12.96%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y96.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y101.36%
OCF growth 3YN/A
OCF growth 5Y-47.79%

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 for BST stock?

ChartMill assigns a valuation rating of 6 / 10 to BANCA SISTEMA SPA (BST.MI). This can be considered as Fairly Valued.


What is the profitability of BST stock?

BANCA SISTEMA SPA (BST.MI) has a profitability rating of 5 / 10.


What is the expected EPS growth for BANCA SISTEMA SPA (BST.MI) stock?

The Earnings per Share (EPS) of BANCA SISTEMA SPA (BST.MI) is expected to decline by -26.43% in the next year.


Is the dividend of BANCA SISTEMA SPA sustainable?

The dividend rating of BANCA SISTEMA SPA (BST.MI) is 5 / 10 and the dividend payout ratio is 0%.