BIT:BDB

Stock Analysis Report

Banco di Desio e della Brianza

Executive Summary

Banco di Desio e della Brianza S.p.A. provides a range of banking, financial, and insurance solutions for individuals and companies in Italy.

Snowflake

Fundamentals

Proven track record and fair value.

Share Price & News

How has Banco di Desio e della Brianza's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BDB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.8%

BDB

2.3%

IT Banks

0.8%

IT Market


1 Year Return

16.2%

BDB

16.1%

IT Banks

17.3%

IT Market

Return vs Industry: BDB exceeded the Italian Banks industry which returned 16.1% over the past year.

Return vs Market: BDB matched the Italian Market which returned 17.3% over the past year.


Shareholder returns

BDBIndustryMarket
7 Day6.8%2.3%0.8%
30 Day12.9%9.2%5.2%
90 Day13.2%25.8%11.9%
1 Year21.3%16.2%22.6%16.1%22.7%17.3%
3 Year51.0%33.5%-9.5%-31.0%37.7%17.7%
5 Year12.0%-6.6%-14.0%-48.6%28.3%-21.5%

Price Volatility Vs. Market

How volatile is Banco di Desio e della Brianza's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Banco di Desio e della Brianza undervalued compared to its fair value and its price relative to the market?

6.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BDB (€2.19) is trading above our estimate of fair value (€0.81)

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


Price To Earnings Ratio

PE vs Industry: BDB is good value based on its PE Ratio (6.3x) compared to the Banks industry average (8.4x).

PE vs Market: BDB is good value based on its PE Ratio (6.3x) compared to the Italian market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BDB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BDB is good value based on its PB Ratio (0.3x) compared to the IT Banks industry average (0.4x).


Next Steps

Future Growth

How is Banco di Desio e della Brianza forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDB's forecast earnings growth (12.7% per year) is above the savings rate (2.9%).

Earnings vs Market: BDB's earnings (12.7% per year) are forecast to grow faster than the Italian market (8.8% per year).

High Growth Earnings: BDB's earnings are forecast to grow, but not significantly.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Banco di Desio e della Brianza performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDB has high quality earnings.

Growing Profit Margin: BDB's current net profit margins (13.7%) are higher than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: BDB's earnings have grown by 2.4% per year over the past 5 years.

Accelerating Growth: BDB's earnings growth over the past year (15.3%) exceeds its 5-year average (2.4% per year).

Earnings vs Industry: BDB earnings growth over the past year (15.3%) underperformed the Banks industry 18.4%.


Return on Equity

High ROE: BDB's Return on Equity (5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Banco di Desio e della Brianza'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: BDB has a low level of unsold assets or inventory.

Debt Coverage by Assets: BDB's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: BDB has a high level of bad loans (5.79%)


Next Steps

Dividend

What is Banco di Desio e della Brianza's current dividend yield, its reliability and sustainability?

3.83%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%2.0%markettop25%4.4%industryaverage5.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BDB's dividend (3.83%) is higher than the bottom 25% of dividend payers in the Italian market (1.98%).

High Dividend: BDB's dividend (3.83%) is low compared to the top 25% of dividend payers in the Italian market (4.37%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.2%), BDB's dividend payments are well covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Banco di Desio e della Brianza's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average board tenure


CEO

Angelo Antoniazzi (57yo)

2.3yrs

Tenure

0

Mr. Angelo Antoniazzi serves as General Manager at Banco di Desio e della Brianza SpA. He served as General Manager of Banca Popolare di Spoleto S.p.A. and has been its Director since February 1, 2019. 


Board Age and Tenure

2.6yrs

Average Tenure

59yo

Average Age

Experienced Board: BDB's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Mauro Colombo

    CFO, Senior Deputy GM & Financial Reporting Manager

    • Tenure: 2.8yrs
  • Angelo Antoniazzi (57yo)

    General Manager

    • Tenure: 2.3yrs
  • Giorgio Rossin

    Investor Relations

    • Tenure: 0yrs
  • Maurizio Ballabio

    Deputy GM of Corporate Affairs & Chief Commercial Officer

    • Tenure: 0yrs

Board Members

  • Stefano Lado (59yo)

    Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: €255.10k
  • Paolo Gavazzi

    Director

    • Tenure: 0yrs
    • Compensation: €104.50k
  • Gerolamo Pellicanò (70yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: €94.80k
  • Agostino Gavazzi (74yo)

    Director

    • Tenure: 17.8yrs
    • Compensation: €664.50k
  • Egidio Gavazzi

    Director

    • Tenure: 0yrs
    • Compensation: €105.10k
  • Marina Brogi (52yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: €28.96k
  • Tommaso Cartone (77yo)

    Vice Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: €1.09m
  • Giulia Pusterla (59yo)

    Chairman of Board of Statutory Auditors

    • Tenure: 2.6yrs
    • Compensation: €71.85k
  • Cristina Mahne (54yo)

    Director

    • Tenure: 6.5yrs
    • Compensation: €93.60k
  • Nicolò Dubini

    Director

    • Tenure: 2.6yrs

Company Information

Banco di Desio e della Brianza S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco di Desio e della Brianza S.p.A.
  • Ticker: BDB
  • Exchange: BIT
  • Founded: 1909
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €296.008m
  • Shares outstanding: 135.95m
  • Website: https://www.bancodesio.it

Number of Employees


Location

  • Banco di Desio e della Brianza S.p.A.
  • via E. Rovagnati 1
  • Desio
  • Mantova
  • 20832
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDBBIT (Borsa Italiana)YesOrdinary SharesITEURMay 1995
BJ7BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMay 1995
0O5VLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1995
BDBMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1995
BDBRBIT (Borsa Italiana)Saving SharesITEURFeb 1999
BDBRMBATS-CHIXE (BATS 'Chi-X Europe')Saving SharesGBEURFeb 1999

Biography

Banco di Desio e della Brianza S.p.A. provides a range of banking, financial, and insurance solutions for individuals and companies in Italy. The company offers current accounts, managed accounts, deposits ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 20:38
End of Day Share Price2019/11/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.