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Banco BPM Società per Azioni

LSE:0RLA
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

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

Banco BPM Società per Azioni, through its subsidiaries, provides banking and financial services to household and business customers in Italy. The last earnings update was 36 days ago. More info.


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0RLA Share Price and Events
7 Day Returns
4%
LSE:0RLA
1%
GB Banks
0.6%
GB Market
1 Year Returns
-29.7%
LSE:0RLA
-8.7%
GB Banks
1.1%
GB Market
0RLA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco BPM Società per Azioni (0RLA) 4% 13% 15.2% -29.7% - -
GB Banks 1% 5.4% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0RLA underperformed the Banks industry which returned -8.7% over the past year.
  • 0RLA underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0RLA
Industry
5yr Volatility vs Market

0RLA Value

 Is Banco BPM Società per Azioni 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 Banco BPM Società per Azioni 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 Banco BPM Società per Azioni.

LSE:0RLA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= €7.60 * 5.4%
€0.41
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. €7.60
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:0RLA
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%) (1777.26%))
6.093
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:0RLA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banco BPM Società per Azioni 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:0RLA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.4% – 19.27%) * €7.60)
€-1.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-1.06 / (19.27% - 1.23%)
€-5.86
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €7.60 + €-5.86
€1.75
LSE:0RLA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.75
Current discount Discount to share price of €2.13
= -1 x (€2.13 - €1.75) / €1.75
-22.1%

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

  • The current share price of Banco BPM Società per Azioni 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 Banco BPM Società per Azioni's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco BPM Società per Azioni's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0RLA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.04
BIT:BAMI Share Price ** BIT (2019-04-18) in EUR €2.13
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 Banco BPM Società per Azioni.

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

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

= 2.13 ÷ -0.04

-53.36x

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

  • Banco BPM Società per Azioni is loss making, we can't compare its value to the GB Banks industry average.
  • Banco BPM Società per Azioni is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Banco BPM Società per Azioni's expected growth come at a high price?
Raw Data
LSE:0RLA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -53.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
47.4%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 .

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

  • Unable to calculate PEG ratio for Banco BPM Società per Azioni, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Banco BPM Società per Azioni's assets?
Raw Data
LSE:0RLA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.79
BIT:BAMI Share Price * BIT (2019-04-18) in EUR €2.13
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:0RLA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.13 ÷ 6.79

0.31x

* Primary Listing of Banco BPM Società per Azioni.

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

  • Banco BPM Società per Azioni is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Banco BPM Società per Azioni'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. Banco BPM Società per Azioni has a total score of 1/6, 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.

0RLA Future Performance

 How is Banco BPM Società per Azioni expected to perform in the next 1 to 3 years based on estimates from 12 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
47.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco BPM Società per Azioni expected to grow at an attractive rate?
  • Banco BPM Società per Azioni's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Banco BPM Società per Azioni's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Banco BPM Società per Azioni'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:0RLA Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0RLA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 47.4%
LSE:0RLA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 16.7%
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:0RLA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0RLA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,482 732 7
2020-12-31 4,415 596 11
2019-12-31 4,351 730 9
LSE:0RLA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,607 202 -60
2018-09-30 3,076 -689
2018-06-30 2,506 4,709 -918
2018-03-31 2,565 -1,094
2017-12-31 2,431 1,010 1,854
2017-09-30 1,027 2,037
2017-06-30 1,206 -2,827 1,775
2017-03-31 787 1,822
2016-12-31 199 -5,329 -1,728
2016-09-30 1,117 -631
2016-06-30 1,706 1,635 -248
2016-03-31 1,889 -85

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco BPM Società per Azioni's earnings are expected to grow significantly at over 20% yearly.
  • Banco BPM Società per Azioni's revenue is expected to grow by 16.7% 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:0RLA 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 12 Analyst Estimates (S&P Global) See Below

All data from Banco BPM Società per Azioni Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RLA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.47 0.58 0.38 5.00
2020-12-31 0.39 0.46 0.33 11.00
2019-12-31 0.49 0.62 0.30 11.00
LSE:0RLA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.04
2018-09-30
2018-06-30 -0.61
2018-03-31
2017-12-31 1.22
2017-09-30
2017-06-30 1.52
2017-03-31
2016-12-31 -2.85
2016-09-30
2016-06-30 -0.67
2016-03-31

*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.
  • Banco BPM Società per Azioni is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banco BPM Società per Azioni'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.
Banco BPM Società per Azioni has a total score of 4/6, 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.

0RLA Past Performance

  How has Banco BPM Società per Azioni 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 Banco BPM Società per Azioni'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.
  • Banco BPM Società per Azioni does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Banco BPM Società per Azioni's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Banco BPM Società per Azioni's 1-year growth to the GB Banks industry average as it is not currently profitable.
Earnings and Revenue History
Banco BPM Società per Azioni'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 Banco BPM Società per Azioni Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RLA 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 2,606.62 -60.37 3,058.30
2018-09-30 3,075.61 -688.89 3,050.71
2018-06-30 2,506.14 -917.90 3,143.80
2018-03-31 2,565.24 -1,093.93 3,153.37
2017-12-31 2,431.28 1,854.10 3,182.97
2017-09-30 1,027.31 2,036.99 2,224.74
2017-06-30 1,205.74 1,775.16 3,045.83
2017-03-31 787.21 1,821.72 2,475.91
2016-12-31 199.00 -1,728.10 2,618.62
2016-09-30 1,117.47 -630.94 2,385.92
2016-06-30 1,705.95 -247.74 2,449.74
2016-03-31 1,889.39 -84.85 2,345.90
2015-12-31 2,555.39 431.85 2,414.20
2015-09-30 -148.08 -1,467.50 2,309.61
2015-06-30 -352.38 -1,652.14 2,369.53
2015-03-31 -175.24 -1,718.17 2,206.16
2014-12-31 -486.99 -1,948.04 2,219.09
2014-09-30 1,009.68 -868.94 2,359.43
2014-06-30 1,245.96 -730.03 2,328.91
2014-03-31 1,348.60 -687.15 2,382.80
2013-12-31 1,456.38 -576.95 2,386.41
2013-09-30 1,644.34 -692.39 2,042.06
2013-06-30 1,666.12 -784.95 2,064.84
2013-03-31 1,821.58 -711.68 2,138.56
2012-12-31 1,648.93 -911.22 2,166.76
2012-09-30 2,935.30 -2,641.73 2,210.07
2012-06-30 3,143.48 -2,427.75 2,236.17

*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.
  • It is difficult to establish if Banco BPM Società per Azioni has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Banco BPM Società per Azioni has efficiently used its assets last year compared to the GB Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Banco BPM Società per Azioni improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Banco BPM Società per Azioni'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.
Banco BPM Società per Azioni has a total score of 0/6, 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.

0RLA Health

 How is Banco BPM Società per Azioni'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 Banco BPM Società per Azioni'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 Banco BPM Società per Azioni Company Filings, last reported 3 months ago.

LSE:0RLA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10,305.07 57,260.36 13,042.29
2018-09-30 10,941.94 47,638.36 24,678.17
2018-06-30 10,886.55 59,616.02 7,995.64
2018-03-31 11,963.54 55,315.75 12,927.33
2017-12-31 11,963.54 55,315.75 12,927.33
2017-09-30 12,468.71 27,570.55 811.89
2017-06-30 12,443.35 63,608.35 14,228.87
2017-03-31 12,365.00 26,708.00 780.00
2016-12-31 7,644.85 50,129.61 13,109.87
2016-09-30 8,631.55 16,165.04 605.27
2016-06-30 8,963.22 63,039.94 15,425.97
2016-03-31 8,107.80 16,633.71 604.19
2015-12-31 8,546.73 56,955.15 14,951.59
2015-09-30 8,647.60 57,072.44 16,954.77
2015-06-30 8,485.87 63,521.29 18,351.50
2015-03-31 8,486.65 57,396.62 18,683.22
2014-12-31 8,076.35 62,617.83 18,560.44
2014-09-30 9,915.44 56,891.69 18,853.58
2014-06-30 10,003.54 65,534.18 17,749.58
2014-03-31 8,532.70 62,813.41 18,767.71
2013-12-31 8,522.65 68,971.96 18,184.39
2013-09-30 9,239.66 70,930.52 20,138.69
2013-06-30 9,231.50 79,527.19 21,994.03
2013-03-31 9,064.99 70,922.63 22,398.47
2012-12-31 8,980.90 75,662.50 23,946.80
2012-09-30 9,795.11 75,255.09 19,929.96
2012-06-30 9,616.67 73,399.75 15,920.04
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.
  • Banco BPM Società per Azioni has an acceptable proportion of non-loan assets held.
  • Banco BPM Società per Azioni's liabilities are made up of primarily low risk sources of funding.
  • Banco BPM Società per Azioni has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Banco BPM Società per Azioni's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Banco BPM Società per Azioni has a sufficient allowance for bad loans without relevant financial data.
  • Banco BPM Società per Azioni has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banco BPM Società per Azioni'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. Banco BPM Società per Azioni 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.

0RLA Dividends

 What is Banco BPM Società per Azioni'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 Banco BPM Società per Azioni dividends. Estimated to be 4.31% next year.
If you bought €2,000 of Banco BPM Società per Azioni 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 Banco BPM Società per Azioni's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Banco BPM Società per Azioni'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:0RLA 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 12 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 706 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:0RLA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.13 10.00
2020-12-31 0.09 15.00
2019-12-31 0.06 14.00
LSE:0RLA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-01-02 0.150 5.406

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

  • Unable to perform a dividend volatility check as Banco BPM Società per Azioni has not reported any payouts.
  • Unable to verify if Banco BPM Società per Azioni's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Banco BPM Società per Azioni's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Banco BPM Società per Azioni has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Banco BPM Società per Azioni'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 Banco BPM Società per Azioni afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco BPM Società per Azioni has a total score of 1/6, see the detailed checks below.


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

0RLA Management

 What is the CEO of Banco BPM Società per Azioni'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
Giuseppe Castagna
AGE 59
TENURE AS CEO 2.3 years
CEO Bio

Mr. Giuseppe Castagna serves as a Director of ALETTI & C. Banca di Investimento Mobiliare SpA since 2018. Mr. Castagna was Managing Director and General Manager of Banca Popolare di Milano S.c.ar.l from January 2014 to December 2016. Since January 2017, he has been Chief Executive Officer of Banco BPM S.p.A. and serves as its Director. Previously, he served in prominent executive positions with the Intesa SanPaolo banking Group, where he worked from 1981 to 2013. In particular: In 2003 he became the Head of the Large Corporate & Structured Finance Service of the Corporate Division of Intesa Sanpaolo S.p.A., From 2005 to 2009 he was the Head of the Large & Mid Corporate Department of the Corporate Division of Intesa Sanpaolo S.p.A., In 2008 he was the Coordinator of the Foreign Network Department of the Corporate and Investment Banking Division of Intesa Sanpaolo S.p.A., In 2009 he was in charge of Corporate Relationship Management for the Corporate and Investment Banking Division of Intesa Sanpaolo S.p.A., From 2009 to 2013 he was the Regional Director for Campania, Basilicata, Calabria, Puglia, and the General Manager of Banco di Napoli S.p.A., and in 2011 he was also appointed as the Regional Director for Sicily, From 2012 to 2013 he managed the Banca dei Territori Division of the Intesa Sanpaolo group, directly overseeing over 20 Network Banks of the group and approximately 47,000 employees, and he served as General Manager of the Intesa SanPaolo Group (maintaining, ad interim, his position as General Manager of Banco di Napoli).Between 2003 and 2013, he also held the offices as member of the Board of Directors of Mediofactoring S.p.A.; Administrateur of Société Européenne de Banque S.A. Luxembourg; member of the Board of Directors of Leasint S.p.A.; member of the Management Board of SRM – Studi e Ricerche per il Mezzogiorno; member of the Board of Directors of Banco di Napoli S.p.A., member of the Board of Directors of IMI Fondi Chiusi SGR S.p.A.; Chairman of the ABI Regional Commission of Campania, member of the Board of Directors of Intesa Sanpaolo Private Banking S.p.A. and member of the Board of Directors of Agriventure S.p.A.

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

Maurizio Faroni

TITLE
General Manager
COMPENSATION
€874K
AGE
60

Domenico De Angelis

TITLE
Co-General Manager
COMPENSATION
€879K
AGE
54

Giuseppe Castagna

TITLE
CEO & Director
AGE
59
TENURE
2.3 yrs

Fabrizio Caputi

TITLE
Head of Finance
TENURE
2.3 yrs

Giovanni Sordello

TITLE
Head of Operations

Gianpietro Val

TITLE
Head of Administration & Financial Statements
AGE
58

Roberto Peronaglio

TITLE
Head of Investor Relations

Maurizio NigroAngelo Giudice

TITLE
Head of Compliance

Antonia Cosenz

TITLE
Head of Legal & Regulatory Affairs

Matteo Cidda

TITLE
Head of Communication
Board of Directors Tenure

Average tenure and age of the Banco BPM Società per Azioni board of directors in years:

2.3
Average Tenure
56.5
Average Age
  • The average tenure for the Banco BPM Società per Azioni board of directors is less than 3 years, this suggests a new board.
Board of Directors

Carlo Pasini

TITLE
Chairman of the Board
COMPENSATION
€469K
AGE
62
TENURE
2.3 yrs

Giuseppe Castagna

TITLE
CEO & Director
AGE
59
TENURE
2.3 yrs

Maurizio Comoli

TITLE
Deputy Chairman
COMPENSATION
€266K
AGE
60
TENURE
2.3 yrs

Guido Castellotti

TITLE
Deputy Chairman
COMPENSATION
€267K
AGE
71
TENURE
2.3 yrs

Mauro Paoloni

TITLE
Deputy Chairman
AGE
58

Fabio Ravanelli

TITLE
Director
COMPENSATION
€98K
AGE
48
TENURE
7.4 yrs

Cristina Galeotti

TITLE
Director
COMPENSATION
€97K
AGE
51
TENURE
2.3 yrs

Mario Anolli

TITLE
Director
AGE
55
TENURE
2.3 yrs

Marcello Priori

TITLE
Chairman of Board of Statutory Auditors
AGE
54

Giulio Pedrollo

TITLE
Director
COMPENSATION
€98K
AGE
46
TENURE
2.3 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 Banco BPM Società per Azioni'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. Banco BPM Società per Azioni 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.

0RLA News

Simply Wall St News

0RLA Company Info

Description

Banco BPM Società per Azioni, through its subsidiaries, provides banking and financial services to household and business customers in Italy. The company operates through Commercial Network; Investment & Private Banking, Asset Management; Leasing; and Corporate Centre and Other segments. It offers current accounts, demand deposits, time deposits, repurchase agreements, loans and other payables, certificates of deposit, and savings accounts; and short-term loans, medium/long term loans, mortgage loans, and tourism loans. The company also provides a range of insurance products; prepaid cards; and collection and payment, e-billing, remote banking, and business Web portal services. In addition, it is involved in investment banking and asset management activities that include transactions in over the counter derivatives, trading in listed securities and derivatives, capital market transactions, and investment management and private banking, as well as leasing business. The company operates approximately 2,500 branches. The company was formerly known as Banco Popolare Societa Cooperativa Scarl and changed its name to Banco BPM Società per Azioni in January 2017. Banco BPM Società per Azioni is headquartered in Verona, Italy.

Details
Name: Banco BPM Società per Azioni
0RLA
Exchange: LSE
Founded:
€3,221,830,677
1,511,177,616
Website: http://www.bancopopolare.it
Address: Banco BPM Società per Azioni
Piazza Nogara, 2,
Verona,
Verona, 37121,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT BAMI Common Shares Borsa Italiana IT EUR 02. Jan 2017
OTCPK BNCZ.F Common Shares Pink Sheets LLC US USD 02. Jan 2017
DB BPM Common Shares Deutsche Boerse AG DE EUR 02. Jan 2017
LSE 0RLA Common Shares London Stock Exchange GB EUR 02. Jan 2017
WBAG BAMI Common Shares Wiener Boerse AG AT EUR 02. Jan 2017
Number of employees
Current staff
Staff numbers
20,415
Banco BPM Società per Azioni employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:56
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/16
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.