LSE:0RLA

Stock Analysis Report

Banco BPM Società per Azioni

Executive Summary

Banco BPM Società per Azioni, through its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy.


Snowflake Analysis

Undervalued with acceptable track record.


Similar Companies

Share Price & News

How has Banco BPM Società per Azioni's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.6%

0RLA

-8.5%

GB Banks

3.9%

GB Market


1 Year Return

-37.8%

0RLA

-38.0%

GB Banks

-22.4%

GB Market

Return vs Industry: 0RLA matched the UK Banks industry which returned -38% over the past year.

Return vs Market: 0RLA underperformed the UK Market which returned -22.4% over the past year.


Shareholder returns

0RLAIndustryMarket
7 Day-8.6%-8.5%3.9%
30 Day-40.3%-24.2%-16.1%
90 Day-41.6%-36.7%-26.1%
1 Year-37.8%-37.8%-33.7%-38.0%-18.2%-22.4%
3 Year-56.0%-56.0%-33.8%-42.9%-11.7%-23.1%
5 Yearn/a-32.7%-46.2%1.9%-21.5%

Price Volatility Vs. Market

How volatile is Banco BPM Società per Azioni's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Banco BPM Società per Azioni undervalued compared to its fair value and its price relative to the market?

39.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0RLA (€1.18) is trading below our estimate of fair value (€1.96)

Significantly Below Fair Value: 0RLA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0RLA is good value based on its PE Ratio (2.3x) compared to the Banks industry average (4.7x).

PE vs Market: 0RLA is good value based on its PE Ratio (2.3x) compared to the UK market (12.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: 0RLA is good value based on its PB Ratio (0.2x) compared to the GB Banks industry average (0.5x).


Next Steps

Future Growth

How is Banco BPM Società per Azioni forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-12.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RLA's earnings are forecast to decline over the next 3 years (-12.1% per year).

Earnings vs Market: 0RLA's earnings are forecast to decline over the next 3 years (-12.1% per year).

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

Revenue vs Market: 0RLA's revenue (2.9% per year) is forecast to grow faster than the UK market (2.4% per year).

High Growth Revenue: 0RLA's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0RLA's Return on Equity is forecast to be low in 3 years time (3.7%).


Next Steps

Past Performance

How has Banco BPM Società per Azioni performed over the past 5 years?

33.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0RLA has high quality earnings.

Growing Profit Margin: 0RLA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 0RLA has become profitable over the past 5 years, growing earnings by 33.3% per year.

Accelerating Growth: 0RLA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 0RLA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (29.6%).


Return on Equity

High ROE: 0RLA's Return on Equity (6.6%) is considered low.


Next Steps

Financial Health

How is Banco BPM Società per Azioni's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: 0RLA's debt is not covered by short term assets (assets are 0.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 0RLA is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: 0RLA is profitable, therefore cash runway is not a concern.


Financial Institutions Analysis

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

Allowance for Bad Loans: Insufficient data to determine if 0RLA has a sufficient allowance for bad loans.

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

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

Low Risk Deposits: 0RLA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: 0RLA has a high level of bad loans (8.91%)


Next Steps

Dividend

What is Banco BPM Società per Azioni's current dividend yield, its reliability and sustainability?

7.44%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 0RLA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 0RLA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 0RLA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0RLA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0RLA's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Giuseppe Castagna (60yo)

3.17s

Tenure

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 Ja ...


Leadership Team

NamePositionTenureCompensationOwnership
Domenico De Angelis
Co-General Managerno data€879.18kno data
Giuseppe Castagna
CEO & Director3.17yrsno datano data
Edoardo Ginevra
Chief Financial Officer1.17yrsno datano data
Giovanni Sordello
Head of Operationsno datano datano data
Alberto Gasparri
Head of Investments2.17yrsno datano data
Gianpietro Val
Head of Administration & Budgetno datano datano data
Roberto Peronaglio
Head of Investor Relationsno datano datano data
Antonia Cosenz
Head of Legal & Regulatory Affairsno datano datano data
Matteo Cidda
Head of Communicationno datano datano data
Roberto Speziotto
Head of Human Resourcesno datano datano data

2.2yrs

Average Tenure

59yo

Average Age

Experienced Management: 0RLA's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Giuseppe Castagna
CEO & Director3.17yrsno datano data
Fabio Ravanelli
Director3.17yrs€98.40kno data
Carlo Pasini
Chairman of the Board3.17yrs€469.20kno data
Maurizio Comoli
Deputy Chairman3.17yrs€266.10kno data
Mauro Paoloni
Deputy Vice-Chairmanno datano datano data
Guido Castellotti
Deputy Chairman3.17yrs€267.30kno data
Marcello Priori
Chairman of Board of Statutory Auditorsno datano datano data
Mario Anolli
Director3.17yrsno datano data
Giulio Pedrollo
Director3.17yrs€97.80kno data
Manuela Soffientini
Director3.17yrsno datano data

3.2yrs

Average Tenure

59yo

Average Age

Experienced Board: 0RLA's board of directors are considered experienced (3.2 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Banco BPM Società per Azioni's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco BPM Società per Azioni
  • Ticker: 0RLA
  • Exchange: LSE
  • Founded:
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.814b
  • Shares outstanding: 1.51b
  • Website: https://www.bancobpm.it

Number of Employees


Location

  • Banco BPM Società per Azioni
  • Piazza Nogara, 2
  • Verona
  • Verona
  • 37121
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RLALSE (London Stock Exchange)YesCommon SharesGBEURJan 2017
BAMIBIT (Borsa Italiana)YesCommon SharesITEURJan 2017
BPMDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 2017
BAMIMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 2017
BNCZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2017
BAMIWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 2017

Biography

Banco BPM Società per Azioni, through its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. The company operates through Retail, Corporate, Institutional, Private, and Investment Banking segments. The Retail segment manages and markets banking and financial products and services, and loan brokering to private customers and small businesses. The Corporate segment manages and markets banking and financial products and services, and loan brokering to medium and large-companies. The Institutional segment manages and markets banking and financial products and services, and loan brokering to bodies and institutions, such as UCIT units, SICAVs, insurance companies, pension funds, and banking foundations. The Private segment manages and markets banking and financial products and services, and loan brokering to private customers with assets. The Investment Banking segment provides structuring of financial products, access to regulated markets, and the support and development of specialized financial services. As of December 31, 2018, it operated approximately 1,804 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 22:48
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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