LSE:0NWJ

Stock Analysis Report

Banca Popolare di Sondrio S.C.p.A

Executive Summary

Banca Popolare di Sondrio S.C.p.A., together with its subsidiaries, provides various banking products and services in Italy.


Snowflake Analysis

Adequate balance sheet with proven track record.


Similar Companies

Share Price & News

How has Banca Popolare di Sondrio S.C.p.A's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0NWJ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.4%

0NWJ

-18.9%

GB Banks

-3.3%

GB Market


1 Year Return

-43.6%

0NWJ

-44.0%

GB Banks

-25.0%

GB Market

Return vs Industry: 0NWJ matched the UK Banks industry which returned -44% over the past year.

Return vs Market: 0NWJ underperformed the UK Market which returned -25% over the past year.


Shareholder returns

0NWJIndustryMarket
7 Day-4.4%-18.9%-3.3%
30 Day-32.4%-30.4%-19.5%
90 Day-35.7%-42.8%-28.9%
1 Year-42.3%-43.6%-40.1%-44.0%-21.0%-25.0%
3 Year-54.5%-57.2%-40.0%-48.2%-14.7%-25.8%
5 Year-65.6%-68.8%-38.6%-50.9%-1.5%-24.1%

Price Volatility Vs. Market

How volatile is Banca Popolare di Sondrio S.C.p.A's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Banca Popolare di Sondrio S.C.p.A undervalued compared to its fair value and its price relative to the market?

4.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0NWJ (€1.38) is trading above our estimate of fair value (€1.29)

Significantly Below Fair Value: 0NWJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0NWJ is good value based on its PE Ratio (4.5x) compared to the Banks industry average (4.7x).

PE vs Market: 0NWJ is good value based on its PE Ratio (4.5x) compared to the UK market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: 0NWJ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 0NWJ is good value based on its PB Ratio (0.2x) compared to the GB Banks industry average (0.4x).


Next Steps

Future Growth

How is Banca Popolare di Sondrio S.C.p.A forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0NWJ's earnings are forecast to decline over the next 3 years (-1.5% per year).

Earnings vs Market: 0NWJ's earnings are forecast to decline over the next 3 years (-1.5% per year).

High Growth Earnings: 0NWJ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if 0NWJ's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if 0NWJ's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 0NWJ's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Banca Popolare di Sondrio S.C.p.A performed over the past 5 years?

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0NWJ has high quality earnings.

Growing Profit Margin: 0NWJ's current net profit margins (20%) are higher than last year (17.7%).


Past Earnings Growth Analysis

Earnings Trend: 0NWJ's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: 0NWJ's earnings growth over the past year (24%) exceeds its 5-year average (1.2% per year).

Earnings vs Industry: 0NWJ earnings growth over the past year (24%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: 0NWJ's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is Banca Popolare di Sondrio S.C.p.A's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 0NWJ has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0NWJ's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: 0NWJ's level of assets compared to its equity is moderate.

Allowance for Bad Loans: 0NWJ has a low allowance for bad loans.

Low Risk Liabilities: 0NWJ's liabilities are made up of primarily low risk sources of funding.

Loan Level: 0NWJ has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0NWJ's loans are broadly funded by customer deposits.

Level of Bad Loans: 0NWJ has a high level of bad loans (4.5%)


Next Steps

Dividend

What is Banca Popolare di Sondrio S.C.p.A's current dividend yield, its reliability and sustainability?

3.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 0NWJ's dividend (3.68%) is higher than the bottom 25% of dividend payers in the UK market (2.67%).

High Dividend: 0NWJ's dividend (3.68%) is low compared to the top 25% of dividend payers in the UK market (7.36%).


Stability and Growth of Payments

Stable Dividend: 0NWJ's dividend payments have been volatile in the past 10 years.

Growing Dividend: 0NWJ's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.4%), 0NWJ's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average board tenure


CEO

Mario Pedranzini (69yo)

7.33s

Tenure

€1,394,000

Compensation

Cav.Rag.Dott. Mario Alberto Pedranzini serves as Managing Director, General Manager and Secretary of Banca Popolare di Sondrio S.C.p.A. and served as its General Manager. Cav.Rag.Dott. Pedranzini is a Dire ...


Board Members

NamePositionTenureCompensationOwnership
Mario Pedranzini
MD, GM, Secretary & Director 7.33yrs€1.39mno data
Alberto Crespi
Member of Advisory Committeeno datano datano data
Federico Falck
Director17.08yrs€48.00kno data
Francesco Venosta
Chairman of the Board6.25yrs€285.00kno data
Lino Stoppani
Deputy Chairman of the Board5.83yrs€150.00kno data
Andrea Monorchio
Member of Advisory Committeeno datano datano data
Giuseppe Guarino
Member of Advisory Committeeno datano datano data
Piergiuseppe Forni
Chairman of Board of Statutory Auditorsno data€105.00kno data
Attilio Ferrari
Director14.25yrs€48.00kno data
Paolo Biglioli
Director12.25yrs€46.00kno data

9.8yrs

Average Tenure

72yo

Average Age

Experienced Board: 0NWJ's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banca Popolare di Sondrio S.C.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banca Popolare di Sondrio S.C.p.A.
  • Ticker: 0NWJ
  • Exchange: LSE
  • Founded: 1871
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €611.607m
  • Shares outstanding: 449.71m
  • Website: https://www.popso.it

Number of Employees


Location

  • Banca Popolare di Sondrio S.C.p.A.
  • Piazza Garibaldi 16
  • Sondrio
  • Sondrio
  • 23100
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BPSOBIT (Borsa Italiana)YesOrdinary SharesITEURSep 1992
0NWJLSE (London Stock Exchange)YesOrdinary SharesGBEURSep 1992
593DB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1992
BPSOMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 1992

Biography

Banca Popolare di Sondrio S.C.p.A., together with its subsidiaries, provides various banking products and services in Italy. The company offers current accounts, repurchase agreements, and loans primarily to retail customers and SMEs. It also offers credit facility for commercial guarantees; credit and loans; deposits; leasing; asset management; lending and insurance; credit and debit cards; and collection and payment services. In addition, the company manages hotel facilities; issues government securities and prime corporate bonds; and manages and maintains rented units. It operates 343 branches. The company was founded in 1871 and is headquartered in Sondrio, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 22:01
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.