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Banca Popolare di Sondrio S.C.p.A

LSE:0NWJ
Snowflake Description

Adequate balance sheet average dividend payer.

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

Banca Popolare di Sondrio S.C.p.A., together with its subsidiaries, provides various banking products and services in Italy. The last earnings update was 65 days ago. More info.


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0NWJ Share Price and Events
7 Day Returns
5.4%
LSE:0NWJ
1%
GB Banks
0.6%
GB Market
1 Year Returns
-33.7%
LSE:0NWJ
-8.7%
GB Banks
1.1%
GB Market
0NWJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banca Popolare di Sondrio S.C.p.A (0NWJ) 5.4% 3.7% 1.1% -33.7% -22.2% -45.5%
GB Banks 1% 7.9% 4.8% -8.7% 17% -11.2%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0NWJ underperformed the Banks industry which returned -8.7% over the past year.
  • 0NWJ underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0NWJ
Industry
5yr Volatility vs Market

0NWJ Value

 Is Banca Popolare di Sondrio S.C.p.A 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 Banca Popolare di Sondrio S.C.p.A 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 Banca Popolare di Sondrio S.C.p.A.

LSE:0NWJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €5.74 * 4.2%
€0.24
Book Value of Equity per Share Median Book Value from the past 5 years. €5.74
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:0NWJ
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%) (749.16%))
2.99
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:0NWJ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banca Popolare di Sondrio S.C.p.A 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:0NWJ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.2% – 19.27%) * €5.74)
€-0.87
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.87 / (19.27% - 1.23%)
€-4.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €5.74 + €-4.80
€0.94
LSE:0NWJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0NWJ represents 0.98602x of BIT:BPSO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98602x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.94 x 0.98602
€0.93
Value per share (EUR) From above. €0.93
Current discount Discount to share price of €2.54
= -1 x (€2.54 - €0.93) / €0.93
-172.8%

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

  • The current share price of Banca Popolare di Sondrio S.C.p.A 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 Banca Popolare di Sondrio S.C.p.A's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banca Popolare di Sondrio S.C.p.A's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0NWJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.25
BIT:BPSO Share Price ** BIT (2019-04-18) in EUR €2.57
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 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Banca Popolare di Sondrio S.C.p.A.

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

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

= 2.57 ÷ 0.25

10.45x

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

  • Banca Popolare di Sondrio S.C.p.A is overvalued based on earnings compared to the GB Banks industry average.
  • Banca Popolare di Sondrio S.C.p.A is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Banca Popolare di Sondrio S.C.p.A's expected growth come at a high price?
Raw Data
LSE:0NWJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
3.8%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 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.45x ÷ 3.8%

2.75x

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

  • Banca Popolare di Sondrio S.C.p.A is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Banca Popolare di Sondrio S.C.p.A's assets?
Raw Data
LSE:0NWJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €5.89
BIT:BPSO Share Price * BIT (2019-04-18) in EUR €2.57
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 1,367 Publicly-Listed Companies 1.51x
LSE:0NWJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.57 ÷ 5.89

0.44x

* Primary Listing of Banca Popolare di Sondrio S.C.p.A.

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

  • Banca Popolare di Sondrio S.C.p.A is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Banca Popolare di Sondrio S.C.p.A'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. Banca Popolare di Sondrio S.C.p.A has a total score of 2/6, 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.

0NWJ Future Performance

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

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
3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banca Popolare di Sondrio S.C.p.A expected to grow at an attractive rate?
  • Banca Popolare di Sondrio S.C.p.A's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Banca Popolare di Sondrio S.C.p.A's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Banca Popolare di Sondrio S.C.p.A's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:0NWJ Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0NWJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 3.8%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
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:0NWJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0NWJ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 920 119 1
2019-12-31 98
LSE:0NWJ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 626 111
2018-09-30 655 125
2018-06-30 715 1,855 177
2018-03-31 701 173
2017-12-31 687 2,705 159
2017-09-30 630 106
2017-06-30 633 -1,063 109
2017-03-31 628 106
2016-12-31 607 -1,264 99
2016-09-30 606 100
2016-06-30 588 1,092 78
2016-03-31 562 69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banca Popolare di Sondrio S.C.p.A's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Banca Popolare di Sondrio S.C.p.A is high growth as no revenue estimate data is available.
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:0NWJ 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 1 Analyst Estimates (S&P Global) See Below

All data from Banca Popolare di Sondrio S.C.p.A Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0NWJ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.26 0.26 0.26 1.00
2019-12-31 0.22 0.22 0.22 1.00
LSE:0NWJ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.25
2018-09-30 0.28
2018-06-30 0.39
2018-03-31
2017-12-31 0.35
2017-09-30 0.24
2017-06-30 0.24
2017-03-31 0.23
2016-12-31 0.22
2016-09-30 0.22
2016-06-30 0.17
2016-03-31 0.15

*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.
  • Banca Popolare di Sondrio S.C.p.A is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banca Popolare di Sondrio S.C.p.A'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.
Banca Popolare di Sondrio S.C.p.A 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.

0NWJ Past Performance

  How has Banca Popolare di Sondrio S.C.p.A 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 Banca Popolare di Sondrio S.C.p.A'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.
  • Banca Popolare di Sondrio S.C.p.A's year on year earnings growth rate has been positive over the past 5 years.
  • Banca Popolare di Sondrio S.C.p.A's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Banca Popolare di Sondrio S.C.p.A's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Banca Popolare di Sondrio S.C.p.A'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 Banca Popolare di Sondrio S.C.p.A Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0NWJ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 626.14 110.80 539.57
2018-09-30 655.03 125.30 551.73
2018-06-30 715.20 177.03 549.85
2018-03-31 700.83 172.52 547.16
2017-12-31 687.09 159.21 541.25
2017-09-30 629.68 105.69 558.05
2017-06-30 632.65 108.53 553.92
2017-03-31 627.55 105.99 551.50
2016-12-31 606.52 98.60 544.57
2016-09-30 606.33 99.92 550.51
2016-06-30 587.59 78.40 548.11
2016-03-31 561.82 68.59 543.56
2015-12-31 652.45 129.30 535.92
2015-09-30 663.50 155.40 490.31
2015-06-30 639.39 141.50 488.43
2015-03-31 675.69 156.28 481.94
2014-12-31 613.24 115.20 474.31
2014-09-30 590.66 95.56 418.94
2014-06-30 570.81 87.51 441.28
2014-03-31 573.23 84.25 413.40
2013-12-31 523.56 53.03 408.67
2013-09-30 361.48 -48.30 409.88
2013-06-30 434.56 1.09 398.30
2013-03-31 384.32 -35.05 401.67
2012-12-31 500.33 34.31 400.85
2012-09-30 704.16 164.22 407.30
2012-06-30 590.32 83.97 404.26

*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.
  • Banca Popolare di Sondrio S.C.p.A has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banca Popolare di Sondrio S.C.p.A used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Banca Popolare di Sondrio S.C.p.A 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 Banca Popolare di Sondrio S.C.p.A'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.
Banca Popolare di Sondrio S.C.p.A has a total score of 1/6, 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.

0NWJ 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)

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 Banca Popolare di Sondrio S.C.p.A'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 Banca Popolare di Sondrio S.C.p.A Company Filings, last reported 3 months ago.

LSE:0NWJ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,743.87 8,672.08 1,828.21
2018-09-30 2,672.64 9,358.01 3,523.51
2018-06-30 2,691.47 9,113.51 2,702.13
2018-03-31 2,787.90 9,341.42 2,620.13
2017-12-31 2,769.51 8,430.33 3,097.09
2017-09-30 2,772.18 9,308.65 2,707.15
2017-06-30 2,706.37 8,504.68 2,177.77
2017-03-31 2,677.87 9,177.06 3,145.27
2016-12-31 2,657.48 5,588.43 3,018.61
2016-09-30 2,691.61 6,492.66 2,519.93
2016-06-30 2,632.01 6,012.85 3,288.57
2016-03-31 2,651.54 5,823.51 3,160.18
2015-12-31 2,649.45 5,785.16 3,585.63
2015-09-30 2,698.52 6,690.34 3,511.25
2015-06-30 2,599.06 6,720.81 3,881.70
2015-03-31 2,654.15 5,891.00 3,458.74
2014-12-31 2,489.70 5,523.84 3,603.80
2014-09-30 2,478.50 6,676.57 4,121.40
2014-06-30 2,109.10 4,797.09 3,394.35
2014-03-31 2,085.05 6,182.57 4,022.31
2013-12-31 2,011.61 5,534.25 3,764.66
2013-09-30 1,986.58 6,674.05 3,245.55
2013-06-30 1,959.97 5,865.05 3,794.14
2013-03-31 1,937.02 6,327.34 3,325.50
2012-12-31 1,940.04 5,744.88 3,183.57
2012-09-30 2,031.44 6,728.22 2,694.34
2012-06-30 1,936.14 6,086.62 2,577.66
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.
  • Banca Popolare di Sondrio S.C.p.A has an acceptable proportion of non-loan assets held.
  • Banca Popolare di Sondrio S.C.p.A's liabilities are made up of primarily low risk sources of funding.
  • Loans at Banca Popolare di Sondrio S.C.p.A are broadly funded by customer deposits.
  • Banca Popolare di Sondrio S.C.p.A's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banca Popolare di Sondrio S.C.p.A has a low allowance for bad loans.
  • Banca Popolare di Sondrio S.C.p.A has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banca Popolare di Sondrio S.C.p.A'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. Banca Popolare di Sondrio S.C.p.A has a total score of 4/6, 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.

0NWJ Dividends

 What is Banca Popolare di Sondrio S.C.p.A'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
2.72%
Current annual income from Banca Popolare di Sondrio S.C.p.A dividends. Estimated to be 3.11% next year.
If you bought €2,000 of Banca Popolare di Sondrio S.C.p.A shares you are expected to receive €54 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?
  • Banca Popolare di Sondrio S.C.p.A's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Banca Popolare di Sondrio S.C.p.A'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 Banca Popolare di Sondrio S.C.p.A 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:0NWJ 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 1 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:0NWJ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.08 1.00
2019-12-31 0.08 1.00
LSE:0NWJ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-05 0.070 2.331
2017-03-27 0.060 1.774
2016-04-01 0.070 2.483
2016-03-15 0.070 2.138
2015-03-27 0.060 1.477
2014-04-04 0.046 1.268
2014-03-26 0.046 1.018
2013-04-04 0.030 0.785
2012-06-08 0.082 1.977
2011-03-24 0.191 3.777
2010-03-29 0.300 5.011
2009-04-23 0.027 0.448

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Banca Popolare di Sondrio S.C.p.A's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Banca Popolare di Sondrio S.C.p.A'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 Banca Popolare di Sondrio S.C.p.A afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banca Popolare di Sondrio S.C.p.A has a total score of 4/6, see the detailed checks below.


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

0NWJ Management

 What is the CEO of Banca Popolare di Sondrio S.C.p.A'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
Mario Pedranzini
COMPENSATION €1,389,000
AGE 68
TENURE AS CEO 6.3 years
CEO Bio

Mr. 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. Mr. Pedranzini is a Director of Banca della Nuova Terra SpA. Mr. Pedranzini serves as the Chairman of Banca Popolare di Sondrio (SUISSE) SA. He serves as Vice Chairman at Factorit SpA. He serves as Director at Istituto Europeo di Oncologia s.r.l. He serves as a Director at Banca Popolare Di Sondrio. Mr. Pedranzini served as Director of Istituto Centrale delle Banche Popolari Italiane Spa. Mr. Pedranzini served as Director of Banca Italease S.p.A.

CEO Compensation
  • Mario's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Mario's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Mario Pedranzini

TITLE
MD, GM, Secretary & Director
COMPENSATION
€1M
AGE
68
TENURE
6.3 yrs

Maurizio Bertoletti

TITLE
Financial Reporting Officer
Board of Directors Tenure

Average tenure and age of the Banca Popolare di Sondrio S.C.p.A board of directors in years:

8.8
Average Tenure
71
Average Age
  • The tenure for the Banca Popolare di Sondrio S.C.p.A board of directors is about average.
Board of Directors

Francesco Venosta

TITLE
Chairman of the Board
COMPENSATION
€316K
TENURE
5.3 yrs

Mario Pedranzini

TITLE
MD, GM, Secretary & Director
COMPENSATION
€1M
AGE
68
TENURE
6.3 yrs

Lino Stoppani

TITLE
Deputy Chairman of the Board
COMPENSATION
€152K
AGE
66
TENURE
4.8 yrs

Piergiuseppe Forni

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€105K
AGE
71

Federico Falck

TITLE
Director
COMPENSATION
€45K
TENURE
16.1 yrs

Andrea Monorchio

TITLE
Member of Advisory Committee

Giuseppe Guarino

TITLE
Member of Advisory Committee

Alberto Crespi

TITLE
Member of Advisory Committee

Attilio Ferrari

TITLE
Director
COMPENSATION
€47K
AGE
71
TENURE
13.3 yrs

Paolo Biglioli

TITLE
Director
COMPENSATION
€46K
AGE
79
TENURE
11.3 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 Banca Popolare di Sondrio S.C.p.A'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. Banca Popolare di Sondrio S.C.p.A 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.

0NWJ News

Simply Wall St News

0NWJ Company Info

Description

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 363 branches. The company was founded in 1871 and is headquartered in Sondrio, Italy.

Details
Name: Banca Popolare di Sondrio S.C.p.A.
0NWJ
Exchange: LSE
Founded: 1871
€1,157,568,530
449,715,824
Website: http://www.popso.it
Address: Banca Popolare di Sondrio S.C.p.A.
Piazza Garibaldi 16,
Sondrio,
Sondrio, 23100,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT BPSO Ordinary Shares Borsa Italiana IT EUR 09. Sep 1992
DB 593 Ordinary Shares Deutsche Boerse AG DE EUR 09. Sep 1992
LSE 0NWJ Ordinary Shares London Stock Exchange GB EUR 09. Sep 1992
BATS-CHIXE BPSOM Ordinary Shares BATS 'Chi-X Europe' GB EUR 09. Sep 1992
Number of employees
Current staff
Staff numbers
3,254
Banca Popolare di Sondrio S.C.p.A employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:17
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/02/16
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.