BANCA SISTEMA SPA (BST.MI) Stock Fundamental Analysis
Europe - BIT:BST - IT0003173629 - Common Stock
1.566 EUR
-0.01 (-0.63%)
We assign a fundamental rating of 5 out of 10 to BST. BST was compared to 97 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 is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
BST had positive earnings in the past year.
BST had a negative operating cash flow in the past year.
BST had positive earnings in each of the past 5 years.
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 comparable to the rest of the industry.
The Return On Equity of BST (10.61%) is comparable to the rest of the industry.
With an excellent Return On Invested Capital value of 0.83%, BST belongs to the best of the industry, outperforming 97.94% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BST is below the industry average of 3.92%.
The 3 year average ROIC (0.48%) for BST is below the current ROIC(0.83%), indicating increased profibility in the last year.
| 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 has a Profit Margin of 22.05%. This is comparable to the rest of the industry: BST outperforms 53.61% of its industry peers.
BST's Profit Margin has declined in the last couple of years.
BST has a Operating Margin of 36.10%. This is amongst the best in the industry. BST outperforms 98.97% of its industry peers.
In the last couple of years the Operating Margin of BST has declined.
BST's Gross Margin of 88.82% is amongst the best of the industry. BST outperforms 98.97% of its industry peers.
In the last couple of years the Gross Margin of BST has declined.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BST is destroying value.
BST has about the same amout of shares outstanding than it did 1 year ago.
BST has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for BST has been reduced compared to a year ago.
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 97.94% 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.
BST has a worse Debt to Equity ratio (12.00) than 92.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.79 |
ROIC/WACC0.23
WACC3.61%
2.3 Liquidity
A Current Ratio of 0.05 indicates that BST may have some problems paying its short term obligations.
BST has a Current ratio of 0.05. This is amongst the best in the industry. BST outperforms 97.94% 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.
BST has a Quick ratio of 0.05. This is amongst the best in the industry. BST outperforms 97.94% 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.
BST shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.89% yearly.
BST shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.18%.
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
Based on estimates for the next years, BST will show a small growth in Revenue. The Revenue will grow by 5.12% on average per year.
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
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
With a Price/Earnings ratio of 3.73, the valuation of BST can be described as very cheap.
98.97% of the companies in the same industry are more expensive than BST, based on the Price/Earnings ratio.
BST's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.10.
The Price/Forward Earnings ratio is 4.03, which indicates a rather cheap valuation of BST.
Based on the Price/Forward Earnings ratio, BST is valued cheaply inside the industry as 98.97% of the companies are valued more expensively.
BST's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.73 | ||
| Fwd PE | 4.03 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.3 |
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
BST has a Yearly Dividend Yield of 5.54%, which is a nice return.
Compared to an average industry Dividend Yield of 4.83, BST pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, 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 15.44% of its income as dividend. This is a sustainable payout ratio.
DP15.44%
EPS Next 2Y31.87%
EPS Next 3Y26.87%
BIT:BST (10/31/2025, 7:00:00 PM)
1.566
-0.01 (-0.63%)
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 Cap125.94M
Revenue(TTM)153.38M
Net Income(TTM)33.83M
Analysts77.14
Price Target1.96 (25.16%)
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)-14.03%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)9.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.73 | ||
| Fwd PE | 4.03 | ||
| P/S | 0.82 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.4 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 2.3 |
EPS(TTM)0.42
EY26.82%
EPS(NY)0.39
Fwd EY24.79%
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
WACC3.61%
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 3.73 and the Price/Book (PB) ratio is 0.4.
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.