Banco di Desio e della Brianza Valuation

Q: What is the Fair Price of BDB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BDB (€5.8) is trading below our estimate of [[fair value]] (€7.32)

Is BDB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BDB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BDB (€5.8) is trading below our estimate of fair value (€7.32)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BDB?

Key metric: As BDB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BDB. This is calculated by dividing BDB's market cap by their current earnings.
What is BDB's PE Ratio?
PE Ratio	6.1x
Earnings	€128.22m
Market Cap	€779.31m

BDB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does BDB's PE Ratio compare to its peers?

The above table shows the PE ratio for BDB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	5.3x
BPSO Banca Popolare di Sondrio	6x	-14.3%	€3.2b
CE Credito Emiliano	5.7x	-10.3%	€3.5b
BST Banca Sistema	6.9x	23.7%	€120.7m
BMPS Banca Monte dei Paschi di Siena	2.8x	-22.7%	€7.5b
BDB Banco di Desio e della Brianza	6.1x	n/a	€779.3m

Price-To-Earnings vs Peers: BDB is expensive based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (5.3x).

Price to Earnings Ratio vs Industry

How does BDB's PE Ratio compare vs other companies in the European Banks Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BDB is good value based on its Price-To-Earnings Ratio (6.1x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is BDB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BDB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BDB's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Société Générale Société anonyme

€20.8b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

1GLE

€25.90

-1.0%

14.3%

Banca Monte dei Paschi di Siena

€7.5b

Engages in the provision of retail and commercial banking services in Italy.

BMPS

€5.93

-1.4%

98.8%

Banca Sistema

€120.7m

Provides various business and retail banking products and services in Italy.

BST

€1.50

3.2%

28.8%