BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:BST - IT0003173629 - Common Stock
1.676 EUR
-0.01 (-0.59%)
BST gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 108 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 may be a bit undervalued, certainly considering the very reasonable score on growth
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 of 0.77%. This is comparable to the rest of the industry: BST outperforms 51.85% of its industry peers.
BST's Return On Equity of 10.61% is in line compared to the rest of the industry. BST outperforms 47.22% of its industry peers.
BST's Return On Invested Capital of 0.83% is amongst the best of the industry. BST outperforms 99.07% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BST is below the industry average of 3.68%.
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
BST's Profit Margin of 22.05% is in line compared to the rest of the industry. BST outperforms 47.22% of its industry peers.
In the last couple of years the Profit Margin of BST has declined.
BST's Operating Margin of 36.10% is amongst the best of the industry. BST outperforms 99.07% of its industry peers.
BST's Operating Margin has declined in the last couple of years.
BST has a Gross Margin of 88.82%. This is amongst the best in the industry. BST outperforms 99.07% of its industry peers.
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
BST has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
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.
The Altman-Z score of BST (-0.79) is better than 99.07% of its industry peers.
A Debt/Equity ratio of 12.00 is on the high side and indicates that BST has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 12.00, BST is doing worse than 94.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.79 |
ROIC/WACC0.23
WACC3.64%
2.3 Liquidity
A Current Ratio of 0.05 indicates that BST may have some problems paying its short term obligations.
BST has a better Current ratio (0.05) than 99.07% of its industry peers.
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.
Looking at the Quick ratio, with a value of 0.05, BST belongs to the top of the industry, outperforming 99.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 125.20% over the past year.
The Earnings Per Share has been decreasing by -2.89% on average over the past years.
The Revenue has grown by 18.18% in the past year. This is quite good.
BST shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.61% yearly.
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 26.87% 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 2Y31.87%
EPS Next 3Y26.87%
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
Based on the Price/Earnings ratio of 3.99, the valuation of BST can be described as very cheap.
99.07% of the companies in the same industry are more expensive than BST, based on the Price/Earnings ratio.
BST is valuated cheaply when we compare the Price/Earnings ratio to 26.41, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 4.32, the valuation of BST can be described as very cheap.
BST's Price/Forward Earnings ratio is rather cheap when compared to the industry. BST is cheaper than 99.07% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.40, BST is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.99 | ||
| Fwd PE | 4.32 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BST indicates a rather cheap valuation: BST is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.45 |
4.3 Compensation for Growth
BST's 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 26.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y31.87%
EPS Next 3Y26.87%
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 4.70, 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 2.32.
| 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 2Y31.87%
EPS Next 3Y26.87%
BIT:BST (12/5/2025, 5:28:57 PM)
1.676
-0.01 (-0.59%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners11.99%
Inst Owner ChangeN/A
Ins Owners23.61%
Ins Owner ChangeN/A
Market Cap134.78M
Revenue(TTM)153.38M
Net Income(TTM)33.83M
Analysts77.14
Price Target1.96 (16.95%)
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)1.05%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.99 | ||
| Fwd PE | 4.32 | ||
| P/S | 0.88 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.42 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 2.45 |
EPS(TTM)0.42
EY25.06%
EPS(NY)0.39
Fwd EY23.16%
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)-1.2
OCFYN/A
SpS1.91
BVpS3.96
TBVpS3.37
PEG (NY)0.08
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
WACC3.64%
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 Y48.87%
EPS Next 2Y31.87%
EPS Next 3Y26.87%
EPS Next 5YN/A
Revenue 1Y (TTM)18.18%
Revenue growth 3Y6.16%
Revenue growth 5Y5.61%
Sales Q2Q%-7.92%
Revenue Next Year14.15%
Revenue Next 2Y8.98%
Revenue Next 3Y5.12%
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.
Can you provide the valuation status for BANCA SISTEMA SPA?
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 are the PE and PB ratios of BANCA SISTEMA SPA (BST.MI) stock?
The Price/Earnings (PE) ratio for BANCA SISTEMA SPA (BST.MI) is 3.99 and the Price/Book (PB) ratio is 0.42.
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 grow by 48.87% in the next year.