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BPER Banca

LSE:0MU6
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0MU6
LSE
€2B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

BPER Banca S.p.A. provides corporate and investment banking, private banking and wealth management, and financial products and services to individuals, and small and medium enterprises in Italy and internationally. The last earnings update was 24 days ago. More info.


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  • BPER Banca has significant price volatility in the past 3 months.
0MU6 Share Price and Events
7 Day Returns
8.3%
LSE:0MU6
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
-14.3%
LSE:0MU6
-7.8%
GB Banks
2.5%
GB Market
0MU6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BPER Banca (0MU6) 8.3% 11.8% 37.3% -14.3% -20% -50.1%
GB Banks 2.3% 3.6% 4.4% -7.8% 16.1% -12.3%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • 0MU6 underperformed the Banks industry which returned -7.8% over the past year.
  • 0MU6 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0MU6
Industry
5yr Volatility vs Market

Value

 Is BPER Banca undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BPER Banca to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BPER Banca.

LSE:0MU6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= €9.75 * 6.4%
€0.62
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. €9.75
Discount Rate (Cost of Equity) See below 19.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0MU6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 9%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 24%) (1149.06%))
4.195
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (2 * 9.02%)
19.27%

Discounted Cash Flow Calculation for LSE:0MU6 using Excess Returns Model Model

The calculations below outline how an intrinsic value for BPER Banca is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0MU6 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.4% – 19.27%) * €9.75)
€-1.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-1.25 / (19.27% - 1.23%)
€-6.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €9.75 + €-6.95
€2.79
LSE:0MU6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0MU6 represents 1.00096x of BIT:BPE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00096x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.79 x 1.00096
€2.80
Value per share (EUR) From above. €2.80
Current discount Discount to share price of €4.19
= -1 x (€4.19 - €2.80) / €2.80
-49.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BPER Banca is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BPER Banca's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BPER Banca's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0MU6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.84
BIT:BPE Share Price ** BIT (2019-04-18) in EUR €4.18
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BPER Banca.

LSE:0MU6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:BPE Share Price ÷ EPS (both in EUR)

= 4.18 ÷ 0.84

5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BPER Banca is good value based on earnings compared to the GB Banks industry average.
  • BPER Banca is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does BPER Banca's expected growth come at a high price?
Raw Data
LSE:0MU6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-3.1%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:0MU6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5x ÷ -3.1%

-1.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BPER Banca earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BPER Banca's assets?
Raw Data
LSE:0MU6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €9.13
BIT:BPE Share Price * BIT (2019-04-18) in EUR €4.18
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.51x
LSE:0MU6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:BPE Share Price ÷ Book Value per Share (both in EUR)

= 4.18 ÷ 9.13

0.46x

* Primary Listing of BPER Banca.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BPER Banca is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess BPER Banca's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. BPER Banca has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BPER Banca expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BPER Banca expected to grow at an attractive rate?
  • BPER Banca's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • BPER Banca's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • BPER Banca's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0MU6 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0MU6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -3.1%
LSE:0MU6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 7.2%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0MU6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0MU6 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,257 354 7
2020-12-31 2,199 309 8
2019-12-31 2,107 179 8
LSE:0MU6 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,810 154 402
2018-09-30 1,855 386
2018-06-30 1,807 243 365
2018-03-31 1,621 413
2017-12-31 1,340 144 176
2017-09-30 1,209 62
2017-06-30 1,199 29 69
2017-03-31 1,309 -2
2016-12-31 1,342 7 14
2016-09-30 1,566 239
2016-06-30 1,575 -871 212
2016-03-31 1,574 206

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BPER Banca's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • BPER Banca's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0MU6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from BPER Banca Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MU6 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.69 0.80 0.56 6.00
2020-12-31 0.64 0.79 0.50 9.00
2019-12-31 0.57 1.31 0.32 8.00
LSE:0MU6 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.84
2018-09-30 0.80
2018-06-30 0.76
2018-03-31 0.86
2017-12-31 0.37
2017-09-30 0.13
2017-06-30 0.14
2017-03-31 0.00
2016-12-31 0.03
2016-09-30 0.50
2016-06-30 0.44
2016-03-31 0.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BPER Banca is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BPER Banca's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BPER Banca has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BPER Banca performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BPER Banca's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BPER Banca has delivered over 20% year on year earnings growth in the past 5 years.
  • BPER Banca's 1-year earnings growth exceeds its 5-year average (127.8% vs 46.1%)
  • BPER Banca's earnings growth has exceeded the GB Banks industry average in the past year (127.8% vs 42.2%).
Earnings and Revenue History
BPER Banca's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BPER Banca Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MU6 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,809.79 401.95 1,296.40
2018-09-30 1,855.32 385.61 1,298.87
2018-06-30 1,806.68 365.26 1,282.50
2018-03-31 1,621.18 412.90 1,207.85
2017-12-31 1,339.58 176.44 1,234.48
2017-09-30 1,208.87 62.10 1,217.30
2017-06-30 1,199.27 68.62 1,195.75
2017-03-31 1,309.28 -2.12 1,257.94
2016-12-31 1,342.48 14.30 1,222.54
2016-09-30 1,565.79 239.24 1,115.77
2016-06-30 1,574.63 212.17 1,094.25
2016-03-31 1,573.67 206.44 1,122.40
2015-12-31 1,587.28 220.66 1,056.41
2015-09-30 1,377.13 36.76 1,165.44
2015-06-30 1,356.43 52.42 1,168.00
2015-03-31 1,349.46 31.73 1,173.86
2014-12-31 1,311.21 14.67 1,176.20
2014-09-30 1,351.22 53.36 1,161.79
2014-06-30 1,366.61 63.05 1,210.62
2014-03-31 1,318.21 20.92 1,175.61
2013-12-31 1,303.01 5.35 1,173.42
2013-09-30 1,023.07 -139.41 1,154.04
2013-06-30 1,058.03 -116.23 1,103.95
2013-03-31 1,046.00 -86.96 1,100.53
2012-12-31 1,179.88 -12.49 1,150.17
2012-09-30 1,625.10 222.47 1,182.69
2012-06-30 1,650.30 222.14 1,227.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BPER Banca has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BPER Banca used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if BPER Banca improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess BPER Banca's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BPER Banca has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BPER Banca's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of BPER Banca's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BPER Banca Company Filings, last reported 3 months ago.

LSE:0MU6 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,896.57 23,112.22 1,039.61
2018-09-30 4,856.10 23,900.84 1,104.31
2018-06-30 4,737.95 23,375.23 842.40
2018-03-31 4,834.72 22,517.38 1,330.97
2017-12-31 5,716.73 24,677.45 1,366.19
2017-09-30 5,684.36 24,901.32 1,590.59
2017-06-30 5,634.87 24,962.51 1,657.15
2017-03-31 5,535.10 25,359.60 1,613.18
2016-12-31 5,555.71 21,492.94 1,390.85
2016-09-30 5,718.22 21,176.24 1,427.38
2016-06-30 5,661.82 21,287.15 1,629.22
2016-03-31 5,704.30 21,055.14 1,582.33
2015-12-31 5,651.80 20,486.50 1,436.13
2015-09-30 5,716.70 20,947.09 1,596.00
2015-06-30 5,657.33 21,277.42 1,770.18
2015-03-31 5,612.23 22,055.99 1,858.01
2014-12-31 5,510.13 21,343.20 2,074.84
2014-09-30 5,551.00 21,005.06 1,985.53
2014-06-30 4,777.01 23,188.16 2,226.18
2014-03-31 4,783.24 22,907.84 1,443.04
2013-12-31 4,711.76 23,720.80 2,440.56
2013-09-30 4,696.37 23,675.07 2,192.66
2013-06-30 4,650.59 25,245.35 2,347.72
2013-03-31 4,750.70 24,659.71 2,276.53
2012-12-31 4,763.05 24,996.42 2,936.34
2012-09-30 4,918.90 25,438.45 3,034.13
2012-06-30 4,764.23 26,347.99 2,372.89
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • BPER Banca has an acceptable proportion of non-loan assets held.
  • BPER Banca's liabilities are made up of primarily low risk sources of funding.
  • BPER Banca has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • BPER Banca's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • BPER Banca has a low allowance for bad loans.
  • BPER Banca has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess BPER Banca's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BPER Banca has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BPER Banca's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.11%
Current annual income from BPER Banca dividends. Estimated to be 4.25% next year.
If you bought €2,000 of BPER Banca shares you are expected to receive €62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BPER Banca's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • BPER Banca's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase BPER Banca before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0MU6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0MU6 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.22 8.00
2020-12-31 0.19 10.00
2019-12-31 0.14 9.00
LSE:0MU6 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.130 3.436
2019-02-08 0.130 3.651
2018-03-23 0.110 2.786
2018-02-08 0.110 2.337
2017-03-17 0.060 1.317
2017-02-09 0.060 1.320
2016-03-24 0.100 2.476
2016-02-11 0.100 2.109
2011-03-30 0.178 3.268
2011-03-08 0.178 2.009
2010-04-19 0.148 1.650
2010-03-16 0.148 1.472
2009-04-20 0.178 1.838

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of BPER Banca's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess BPER Banca's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BPER Banca afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BPER Banca has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BPER Banca's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alessandro Vandelli
COMPENSATION €1,085,000
AGE 59
TENURE AS CEO 5 years
CEO Bio

Mr. Alessandro Vandelli graduated with honours in Economics and Commerce from Modena University in 1984. He subsequently attended various management training courses. He has collaborated with business associations in the publication of various research papers and has lectured at university. He has been an employee of the BPER Banca SpA (“BPER”) since 1984, over the years filling numerous management positions: in 1992 he was Head of Accounts Analysis at the Credit and Loans Department; after gaining experience in the branch network, in 1996 he was called upon to start up the Corporate Finance sector; in 2005 he was Head of the Equity Investments and Special Projects Unit; in 2007 he took on the role of Central Manager with responsibility for the Group Strategy and Management Department; in 2008 he was appointed Deputy General Manager; in 2010 he transferred to Banco di Sardegna and served as General Manager. In July 2012 he returned to Banca popolare dell’Emilia Romagna as Deputy General Manager and Chief Financial Officer. Since December 2013 is a Director of BPER. Since April 2014 he holds the position of Chief Executive Officer of BPER. Offices currently held in the BPER Group: Director of BPER Services S.C.p.A. and Bper Credit Management S.C.p.A. In the BPER Group he has also been Director of Metelliana S.p.A., Meliorbanca S.p.A., Banca della Campania S.p.A. and Em.Ro. Popolare S.p.A. He has also been Deputy Chairman of Arca S.g.r. S.p.A. and Director of Arca Merchant S.p.A., Promac S.p.A., Finduck Group S.p.A., Imco S.p.A. and Alba Leasing S.p.A. He is a member of the Board of Directors of ABI - Associazione Bancaria Italiana; Director of FITD - Fondo Interbancario di Tutela dei Depositi and Deputy Chairman of Unione Fiduciaria S.p.A. He is a Member of the Governing Council of FeBAF - Federazione delle Banche, delle Assicurazioni e della Finanza (banking, insurance and finance federation).

CEO Compensation
  • Alessandro's compensation has been consistent with company performance over the past year.
  • Alessandro's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the BPER Banca management team in years:

5.2
Average Tenure
  • The average tenure for the BPER Banca management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alessandro Vandelli

TITLE
MD & Director
COMPENSATION
€1M
AGE
59
TENURE
5 yrs

Fabrizio Togni

TITLE
General Manager
COMPENSATION
€636K
AGE
61
TENURE
6.3 yrs

Roberto Ferrari

TITLE
Chief Financial Officer

Gilberto Borghi

TITLE
Head of Investor Relations

Alessandro Simonazzi

TITLE
Head of Planning & Control

Gian Venturini

TITLE
Head of General Affairs Department
TENURE
5.3 yrs

Claudio Battistella

TITLE
Chief Lending Officer
TENURE
3.3 yrs

Matteo Bigarelli

TITLE
Head of Equity Investments and Special Projects

Emilio Annovi

TITLE
Financial Reporting Officer and Manager of Administration & Reporting Department
Board of Directors Tenure

Average tenure and age of the BPER Banca board of directors in years:

2
Average Tenure
60
Average Age
  • The average tenure for the BPER Banca board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pietro Ferrari

TITLE
Chairman
COMPENSATION
€83K
AGE
63
TENURE
1 yrs

Alessandro Vandelli

TITLE
MD & Director
COMPENSATION
€1M
AGE
59
TENURE
6.3 yrs

Giuseppe Capponcelli

TITLE
Deputy Chairman
TENURE
2 yrs

Elisabetta Gualandri

TITLE
Director
COMPENSATION
€102K
AGE
63
TENURE
6.7 yrs

Mara Bernardini

TITLE
Director
COMPENSATION
€73K
AGE
61
TENURE
5.3 yrs

Valeria Venturelli

TITLE
Director
AGE
49
TENURE
3 yrs

Rossella Schiavini

TITLE
Director
TENURE
2 yrs

Massimo Belcredi

TITLE
Director
TENURE
2 yrs

Paolo De Mitri

TITLE
Chairman of the Statutory Auditors

Roberta Marracino

TITLE
Director
AGE
51
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess BPER Banca's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BPER Banca has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

BPER Banca S.p.A. provides corporate and investment banking, private banking and wealth management, and financial products and services to individuals, and small and medium enterprises in Italy and internationally. It operates through Retail, Private, Corporate, Large Corporate, Finance, Corporate Centre, and Other Activities segments. The company offers deposits, loans, leasing and factoring services, guarantees, insurance policies, investment products, and consumer credit and payment card products; engages in treasury activities; and manages investment portfolio. As of December 31, 2017, it operated through a network of 1,218 branches located in 18 regions in Italy, as well as a branch office in the Grand Duchy of Luxembourg. The company was formerly known as Banca popolare dell'Emilia Romagna s.c. BPER Banca S.p.A. was founded in 1867 and is headquartered in Modena, Italy.

Details
Name: BPER Banca S.p.A.
0MU6
Exchange: LSE
Founded: 1867
€2,011,408,002
480,852,977
Website: http://www.bper.it
Address: BPER Banca S.p.A.
Via San Carlo 8/20,
Modena,
Modena, 41121,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT BPE Ordinary Shares Borsa Italiana IT EUR 03. Mar 1992
DB 4BE Ordinary Shares Deutsche Boerse AG DE EUR 03. Mar 1992
LSE 0MU6 Ordinary Shares London Stock Exchange GB EUR 03. Mar 1992
WBAG BPE Ordinary Shares Wiener Boerse AG AT EUR 03. Mar 1992
BATS-CHIXE BPEM Ordinary Shares BATS 'Chi-X Europe' GB EUR 03. Mar 1992
OTCPK BPXX.Y ADR Pink Sheets LLC US USD 28. Jan 2013
Number of employees
Current staff
Staff numbers
11,627
BPER Banca employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:08
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.