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Banca Monte dei Paschi di Siena

LSE:0RK6
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0RK6
LSE
€1B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Banca Monte dei Paschi di Siena S.p.A. provides retail and commercial banking services in Italy. The last earnings update was 23 days ago. More info.


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0RK6 Share Price and Events
7 Day Returns
-5.6%
LSE:0RK6
-1.3%
GB Banks
1.2%
GB Market
1 Year Returns
-50.2%
LSE:0RK6
-9.9%
GB Banks
2.5%
GB Market
0RK6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banca Monte dei Paschi di Siena (0RK6) -5.6% 5.3% 6% -50.2% -98.2% -100%
GB Banks -1.3% 6.6% 5.5% -9.9% 14.8% -12.4%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • 0RK6 underperformed the Banks industry which returned -9.9% over the past year.
  • 0RK6 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0RK6
Industry
5yr Volatility vs Market

0RK6 Value

 Is Banca Monte dei Paschi di Siena 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
  • It is not possible to calculate the future cash flow value for Banca Monte dei Paschi di Siena. This is due to cash flow or dividend data being unavailable. The share price is €1.316.
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 Monte dei Paschi di Siena's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banca Monte dei Paschi di Siena's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0RK6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.31
BIT:BMPS Share Price ** BIT (2019-04-25) in EUR €1.32
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 9.92x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

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

** Primary Listing of Banca Monte dei Paschi di Siena.

LSE:0RK6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.32 ÷ 0.31

4.22x

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

  • Banca Monte dei Paschi di Siena is good value based on earnings compared to the GB Banks industry average.
  • Banca Monte dei Paschi di Siena 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 Monte dei Paschi di Siena's expected growth come at a high price?
Raw Data
LSE:0RK6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
10.9%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.84x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0RK6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.22x ÷ 10.9%

0.39x

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

  • Banca Monte dei Paschi di Siena is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Banca Monte dei Paschi di Siena's assets?
Raw Data
LSE:0RK6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €8.14
BIT:BMPS Share Price * BIT (2019-04-25) in EUR €1.32
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0RK6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.32 ÷ 8.14

0.16x

* Primary Listing of Banca Monte dei Paschi di Siena.

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

  • Banca Monte dei Paschi di Siena is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Banca Monte dei Paschi di Siena'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 Monte dei Paschi di Siena has a total score of 4/6, 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.

0RK6 Future Performance

 How is Banca Monte dei Paschi di Siena expected to perform in the next 1 to 3 years based on estimates from 5 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
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banca Monte dei Paschi di Siena expected to grow at an attractive rate?
  • Banca Monte dei Paschi di Siena's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Banca Monte dei Paschi di Siena's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Banca Monte dei Paschi di Siena'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:0RK6 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0RK6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 10.9%
LSE:0RK6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 7.8%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
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 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:0RK6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0RK6 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,442 480 4
2020-12-31 3,351 344 4
2019-12-31 3,263 244 4
LSE:0RK6 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,721 -3,182 344
2018-09-30 1,871 -122
2018-06-30 2,326 1,402 29
2018-03-31 -1,316 -3,146
2017-12-31 -1,423 -872 -3,518
2017-09-30 -2,677 -3,307 -5,393
2017-06-30 -4,048 -991 -6,786
2017-03-31 -453 -3,503
2016-12-31 -230 -6,996 -3,241
2016-09-30 1,888 1,169 -1,045
2016-06-30 3,148 342 361
2016-03-31 3,246 337

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banca Monte dei Paschi di Siena's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Banca Monte dei Paschi di Siena's revenue is expected to grow by 7.8% 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:0RK6 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 5 Analyst Estimates (S&P Global) See Below

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

LSE:0RK6 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.42 0.59 0.31 3.00
2020-12-31 0.30 0.39 0.21 5.00
2019-12-31 0.24 0.28 0.20 4.00
LSE:0RK6 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.31
2018-09-30 -0.11
2018-06-30 0.03
2018-03-31 -4.20
2017-12-31 -7.33
2017-09-30 -25.75
2017-06-30 -45.42
2017-03-31 -119.47
2016-12-31 -110.55
2016-09-30 -35.61
2016-06-30 12.27
2016-03-31 14.02

*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 Monte dei Paschi di Siena is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banca Monte dei Paschi di Siena'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 Monte dei Paschi di Siena has a total score of 2/6, 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.

0RK6 Past Performance

  How has Banca Monte dei Paschi di Siena 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 Monte dei Paschi di Siena'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 Monte dei Paschi di Siena's year on year earnings growth rate has been positive over the past 5 years.
  • Banca Monte dei Paschi di Siena has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Banca Monte dei Paschi di Siena has become profitable in the last year making it difficult to compare the GB Banks industry average.
Earnings and Revenue History
Banca Monte dei Paschi di Siena'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 Monte dei Paschi di Siena Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RK6 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 2,720.91 344.24 2,404.18
2018-09-30 1,870.90 -122.34 2,418.16
2018-06-30 2,325.90 28.76 2,535.86
2018-03-31 -1,316.50 -3,145.54 2,538.66
2017-12-31 -1,423.01 -3,518.31 2,893.40
2017-09-30 -2,677.36 -5,393.11 2,492.44
2017-06-30 -4,048.16 -6,785.71 2,773.44
2017-03-31 -453.36 -3,503.41 2,949.34
2016-12-31 -229.56 -3,241.11 2,960.14
2016-09-30 1,887.50 -1,045.40 3,283.10
2016-06-30 3,148.08 361.10 2,768.67
2016-03-31 3,245.78 337.50 2,683.47
2015-12-31 3,322.00 388.00 3,095.00
2015-09-30 -1,709.75 -3,664.27 2,855.44
2015-06-30 -2,869.95 -4,716.67 2,823.04
2015-03-31 -3,237.95 -5,080.97 2,638.24
2014-12-31 -3,723.00 -5,399.00 3,378.00
2014-09-30 45.50 -2,053.30 2,953.10
2014-06-30 687.60 -1,382.30 2,960.50
2014-03-31 665.43 -1,468.69 3,088.65
2013-12-31 904.00 -1,383.00 3,063.00
2013-09-30 1,078.11 -2,014.14 3,735.78
2013-06-30 1,280.17 -1,917.50 3,825.87
2013-03-31 1,589.37 -3,299.31 3,865.95
2012-12-31 1,821.00 -3,126.00 3,667.00
2012-09-30 2,993.00 -6,072.00 3,220.50
2012-06-30 3,283.54 -6,000.74 3,253.82

*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 Monte dei Paschi di Siena has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banca Monte dei Paschi di Siena used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Banca Monte dei Paschi di Siena 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 Monte dei Paschi di Siena'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 Monte dei Paschi di Siena 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.

0RK6 Health

 How is Banca Monte dei Paschi di Siena'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 Monte dei Paschi di Siena'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 Monte dei Paschi di Siena Company Filings, last reported 3 months ago.

LSE:0RK6 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,994.20 33,242.85 14,477.90
2018-09-30 8,971.10 23,514.90 14,521.90
2018-06-30 8,996.70 16,128.50 16,448.70
2018-03-31 9,300.60 26,635.40 18,521.20
2017-12-31 10,431.37 39,523.54 18,505.25
2017-09-30 10,946.70 23,298.60 18,172.10
2017-06-30 3,049.90 28,743.20 14,886.10
2017-03-31 6,044.30 70,032.20 32,820.00
2016-12-31 6,460.28 62,001.55 19,875.15
2016-09-30 8,772.10 55,386.20 21,681.00
2016-06-30 9,954.70 33,206.10 21,590.90
2016-03-31 9,701.00 49,867.00 46,490.00
2015-12-31 9,622.00 52,138.00 25,022.00
2015-09-30 9,875.00 43,635.00 40,617.00
2015-06-30 9,397.39 80,055.54 22,739.70
2015-03-31 6,495.00 86,661.00 29,504.00
2014-12-31 5,793.00 72,628.00 23,929.00
2014-09-30 10,363.00 48,369.00 46,847.00
2014-06-30 11,077.13 96,261.40 26,762.68
2014-03-31 6,284.97 105,628.58 29,311.95
2013-12-31 6,181.00 100,512.00 23,990.00
2013-09-30 6,513.73 114,872.38 28,089.28
2013-06-30 6,634.10 119,065.94 33,751.50
2013-03-31 6,273.00 64,595.00 50,675.00
2012-12-31 6,323.00 85,586.00 30,531.00
2012-09-30 10,293.00 66,385.00 50,269.00
2012-06-30 9,852.18 99,808.58 37,582.29
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 Monte dei Paschi di Siena has an acceptable proportion of non-loan assets held.
  • Banca Monte dei Paschi di Siena's liabilities are made up of primarily low risk sources of funding.
  • Loans at Banca Monte dei Paschi di Siena are broadly funded by customer deposits.
  • Banca Monte dei Paschi di Siena's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banca Monte dei Paschi di Siena has a low allowance for bad loans.
  • Banca Monte dei Paschi di Siena has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banca Monte dei Paschi di Siena'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 Monte dei Paschi di Siena 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.

0RK6 Dividends

 What is Banca Monte dei Paschi di Siena'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
0%
Current annual income from Banca Monte dei Paschi di Siena dividends. Estimated to be 0% next year.
If you bought €2,000 of Banca Monte dei Paschi di Siena shares you are expected to receive €0 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?
  • Unable to evaluate Banca Monte dei Paschi di Siena's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Banca Monte dei Paschi di Siena's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:0RK6 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 5 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 5%
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 5.1%

Industry and Market average data is calculated daily.

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

LSE:0RK6 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 4.00
2020-12-31 0.00 6.00
2019-12-31 0.00 6.00
LSE:0RK6 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2011-06-17 4,900.000 9.111
2011-04-07 4,900.000 2.851
2011-01-17 4,900.000 2.625
2010-11-01 0.000 0.000
2010-08-27 0.000 0.000
2010-08-26 0.000 0.000
2010-05-13 0.000 0.000
2010-04-30 0.000 0.000
2010-03-29 0.000 0.000

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

  • Unable to perform a dividend volatility check as Banca Monte dei Paschi di Siena has not reported any payouts.
  • Unable to verify if Banca Monte dei Paschi di Siena's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Banca Monte dei Paschi di Siena's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Banca Monte dei Paschi di Siena has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Banca Monte dei Paschi di Siena's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Banca Monte dei Paschi di Siena'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 Monte dei Paschi di Siena afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banca Monte dei Paschi di Siena has a total score of 0/6, see the detailed checks below.


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

0RK6 Management

 What is the CEO of Banca Monte dei Paschi di Siena'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
Marco Morelli
AGE 57
TENURE AS CEO 2.6 years
CEO Bio

Mr. Marco Morelli has been Chief Executive Officer, General Manager and Director of Banca Monte dei Paschi di Siena S.p.A. since September 20, 2016. Mr. Morelli is also a Founding Partner and Deputy Chairman of the Executive Committee of the Don Gino Rigoldi Foundation – Onlus. Mr. Morelli served as Deputy Chief Executive Officer and General Manager at Intesa Sanpaolo S.p.A. and served as its Director General since March 15, 2010. Mr. Morelli served as the Chief Executive Officer of State Street Bank S.p.A. and MPS Capital Services Banca per le Imprese S.p.A. (MPS Capital Services S.p.A.). Mr. Morelli served as Chief Executive Officer of Intesa Sanpaolo Servizi Transazionali SpA. He previously held a number of senior management roles within the Montepaschi Group. He was responsible for the corporate banking and capital markets at Banca Mps. From October 2012 to September 2016, he served as Vice Chairman of Bank of America Merrill Lynch for Europe, the Middle East and Africa and Chief Executive Officer of Bank of America Merrill Lynch Italia. From March 2010 to 2012, he served as Deputy General Manager and Deputy Chief Executive Officer of the Intesa Sanpaolo Group. He served as the Chief Executive Officer and Managing Director of MPS Banca per l'Impresa and MPS Finance. Before joining the MPS Group, Mr. Morelli served as Chief Executive Officer and General Manager of JP Morgan Italia. He served as the Chief Financial Officer and Senior Deputy Chief Executive Officer of Banca Monte dei Paschi di Siena SpA from August 2008 to March 2010. Mr. Morelli also served as the Deputy General Manager of Capital Markets of Banca Monte dei Paschi di Siena SpA from June 2006 to February 2010. He also served at JPMorgan, UBS, Samuel Montagne and KPMG in various locations across Europe. He is a Lecturer of Economic & Finance and Business Management at Luiss University, Rome. He served as the Chairman of the Board at Hopa S.p.A. He serves as Deputy Chairman of the Board and Director of Hopa S.p.A. He serves as a Member of the Board of Directors of Fondi Italiani per le infrastrutture (F2i), the Luiss University of Rome and Clessidra Private Equity Fund. He served as a Director of Banca IMI S.p.A. Mr. Morelli served as a Director of MPVenture SGR SpA. He served as a Director of Beni Stabili SIIQ S.p.A. (Beni Stabili SpA) until March 19, 2004. Throughout his career, he has also been a Director and Member of the Executive Committee of the Italian Banking Association. He was a Member of JP Morgan Europe’s Executive Committee. He holds a degree in Economics and Business Studies from Luiss University and is also a qualified Chartered Accountant and Auditor.

CEO Compensation
  • Insufficient data for Marco to compare compensation growth.
  • Insufficient data for Marco to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Banca Monte dei Paschi di Siena management team in years:

2.5
Average Tenure
  • The tenure for the Banca Monte dei Paschi di Siena management team is about average.
Management Team

Marco Morelli

TITLE
CEO, GM & Director
AGE
57
TENURE
2.6 yrs

Andrea Rovellini

TITLE
Chief Financial Officer
TENURE
1.1 yrs

Vittorio Calvanico

TITLE
COO & Head of Organization and Operations
TENURE
0.9 yrs

Massimo Molinari

TITLE
Head of Research and Investor Relations

Renzo Filippo Quagliana

TITLE
Group General Counsel
TENURE
2.4 yrs

Ettore Carneade

TITLE
Head of Compliance Area
TENURE
1.3 yrs

Ilaria Maria Riva

TITLE
Chief Human Capital Officer

Alessandro Signorini

TITLE
Head of the North West Italy Area
TENURE
6.4 yrs

Elfo Bartalucci

TITLE
Head of the Southern Lombardy and Emilia Romagna Area
TENURE
6.4 yrs

Gianfranco Cenni

TITLE
Head of The Northern Tuscany Area
TENURE
6.4 yrs
Board of Directors Tenure

Average tenure and age of the Banca Monte dei Paschi di Siena board of directors in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Banca Monte dei Paschi di Siena board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stefania Bariatti

TITLE
Chairwoman of the Board
COMPENSATION
€73K
AGE
62
TENURE
1.3 yrs

Marco Morelli

TITLE
CEO, GM & Director
AGE
57
TENURE
2.6 yrs

Antonino Turicchi

TITLE
Deputy Chairman
COMPENSATION
€89K
AGE
53
TENURE
1.3 yrs

Maria Elena Bruna Cappello

TITLE
Director
COMPENSATION
€75K
AGE
50
TENURE
4 yrs

Fiorella Kostoris

TITLE
Director
COMPENSATION
€78K
TENURE
4 yrs

Elena Cenderelli

TITLE
Chairman of the Board of Statutory Auditors
TENURE
4 yrs

Marco Giorgino

TITLE
Director
TENURE
1.3 yrs

Angelo Riccaboni

TITLE
Director
TENURE
1.3 yrs

Nicola Maione

TITLE
Director
TENURE
1.3 yrs

Roberto Lancellotti

TITLE
Director
TENURE
1.3 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 Monte dei Paschi di Siena'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 Monte dei Paschi di Siena 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.

0RK6 News

Simply Wall St News

0RK6 Company Info

Description

Banca Monte dei Paschi di Siena S.p.A. provides retail and commercial banking services in Italy. It operates through Retail Banking, Corporate Banking, Wealth Management, and Banca Widiba SpA segments. The company offers funding and lending services, insurance products, and financial and non-financial services to private banking customers; electronic payment services; wealth management and financial planning services; consultancy on financial services, such as tax planning, real estate, art, and legal advisory; fiduciary and trust services; and digital services. It also provides leasing and factoring services for businesses, artisans, and professionals; and medium-and long-term credit facilities, corporate finance, capital markets, and structured finance services. In addition, the company offers investment banking products and services; and custody and deposit services for dairy products on behalf of third parties. Further, it develops and manages ICT and telecommunication systems. The company operates a network of 1,745 branches, 233 specialized centers, and 2,954 ATM machines in Italy; 4 operational branches in London, New York, Hong Kong, and Shanghai; 10 representative offices in the areas of the European Union, Central-Eastern Europe, North Africa, India, and China; and 2 banks under foreign law with 7 branches in Belgium and 14 branches in France. Banca Monte dei Paschi di Siena S.p.A. was founded in 1472 and is based in Siena, Italy.

Details
Name: Banca Monte dei Paschi di Siena S.p.A.
0RK6
Exchange: LSE
Founded: 1472
€1,451,772,261
1,104,009,324
Website: http://www.mps.it
Address: Banca Monte dei Paschi di Siena S.p.A.
Piazza Salimbeni, 3,
Siena,
Siena, 53100,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT BMPS Common Stock Borsa Italiana IT EUR 25. Jun 1999
OTCPK BMDP.F Common Stock Pink Sheets LLC US USD 25. Jun 1999
DB MPIN Common Stock Deutsche Boerse AG DE EUR 25. Jun 1999
LSE 0RK6 Common Stock London Stock Exchange GB EUR 25. Jun 1999
BATS-CHIXE BMPSM Common Stock BATS 'Chi-X Europe' GB EUR 25. Jun 1999
OTCPK BMDP.Y UNSPONSORED ADR Pink Sheets LLC US USD 24. Oct 2008
Number of employees
Current staff
Staff numbers
23,129
Banca Monte dei Paschi di Siena employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:03
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/04/02
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.