BPER Banca SpA

BATS-CHIXE:BPEM Stock Report

Market Cap: €8.1b

BPER Banca Valuation

Is BPEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BPEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BPEM (€5.76) is trading below our estimate of fair value (€10.74)

Significantly Below Fair Value: BPEM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BPEM?

Key metric: As BPEM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BPEM. This is calculated by dividing BPEM's market cap by their current earnings.
What is BPEM's PE Ratio?
PE Ratio5.2x
Earnings€1.57b
Market Cap€8.15b

Price to Earnings Ratio vs Peers

How does BPEM's PE Ratio compare to its peers?

The above table shows the PE ratio for BPEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.4x
TCS TCS Group Holding
6.5xn/aUS$5.1b
HSBK Halyk Bank of Kazakhstan
3.3xn/aUS$5.2b
BGEO Bank of Georgia Group
3.2x-3.2%UK£2.2b
TBCG TBC Bank Group
4.8x16.8%UK£1.7b
BPEM BPER Banca
5.2x-5.3%€8.1b

Price-To-Earnings vs Peers: BPEM is expensive based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (4.5x).

Price to Earnings Ratio vs Industry

How does BPEM's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies47PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BPEM is good value based on its Price-To-Earnings Ratio (5.2x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is BPEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BPEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BPEM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BPEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.76
€6.83
+18.5%
15.1%€7.80€4.00n/a11
Nov ’25€5.69
€6.68
+17.5%
14.4%€7.60€4.00n/a11
Oct ’25€4.85
€6.08
+25.4%
14.5%€7.20€4.00n/a11
Sep ’25€5.03
€6.05
+20.4%
14.4%€7.10€4.00n/a11
Aug ’25n/a
€5.92
0%
13.2%€7.00€4.00n/a11
Jul ’25€4.97
€5.68
+14.2%
12.6%€6.50€4.00n/a11
Jun ’25€4.96
€5.64
+13.8%
13.3%€6.50€4.00n/a11
May ’25n/a
€5.21
0%
13.5%€6.10€4.00n/a11
Apr ’25€4.30
€4.90
+14.0%
15.4%€6.00€4.00n/a11
Mar ’25€3.84
€4.76
+23.9%
15.8%€6.00€3.70n/a12
Feb ’25€3.24
€4.59
+41.5%
15.7%€5.70€3.60n/a11
Jan ’25€3.04
€4.66
+53.3%
17.7%€6.30€3.60n/a11
Dec ’24n/a
€4.60
0%
17.1%€6.40€3.60n/a11
Nov ’24n/a
€4.32
0%
16.0%€5.70€3.05€5.6911
Oct ’24€2.88
€4.18
+45.0%
15.3%€5.30€2.95€4.8511
Sep ’24€2.77
€4.21
+51.6%
15.4%€5.30€2.95€5.0312
Aug ’24n/a
€3.98
0%
19.3%€5.10€2.40n/a13
Jul ’24€2.57
€3.69
+43.6%
19.1%€4.90€2.40€4.9713
Jun ’24n/a
€3.68
0%
19.0%€4.90€2.40€4.9613
May ’24€2.59
€3.41
+31.6%
17.4%€4.50€2.40n/a13
Apr ’24n/a
€3.33
0%
17.2%€4.10€2.40€4.3013
Mar ’24€2.58
€3.33
+29.2%
17.0%€4.10€2.40€3.8413
Feb ’24n/a
€2.96
0%
19.9%€4.00€2.35€3.2413
Jan ’24n/a
€2.64
0%
21.9%€3.80€1.70€3.0411
Dec ’23€1.98
€2.64
+33.6%
21.9%€3.80€1.70n/a11
Nov ’23€1.85
€2.46
+33.1%
21.5%€3.40€1.70n/a11

Analyst Forecast: Target price is less than 20% higher than the current share price.

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