BIT:BMPS

Stock Analysis Report

Banca Monte dei Paschi di Siena

Executive Summary

Banca Monte dei Paschi di Siena S.p.A. provides retail and commercial banking services in Italy.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Risks

  • Banca Monte dei Paschi di Siena has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Banca Monte dei Paschi di Siena's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

BIT:BMPS

-0.3%

IT Banks

-0.3%

IT Market


1 Year Return

-29.3%

BIT:BMPS

-16.3%

IT Banks

-0.6%

IT Market

BMPS underperformed the Banks industry which returned -14.5% over the past year.

BMPS underperformed the Market in Italy which returned 0.6% over the past year.


Share holder returns

BMPSIndustryMarket
7 Day0.9%-0.3%-0.3%
30 Day19.2%12.7%5.6%
90 Day55.6%7.0%1.1%
1 Year-29.3%-29.3%-11.7%-16.3%3.7%-0.6%
3 Year-91.3%-91.3%-5.4%-27.4%31.3%13.5%
5 Year-99.6%-99.9%-30.5%-58.6%13.5%-30.8%

Price Volatility Vs. Market

How volatile is Banca Monte dei Paschi di Siena's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Banca Monte dei Paschi di Siena undervalued based on future cash flows and its price relative to the stock market?

11.33x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Banca Monte dei Paschi di Siena to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Banca Monte dei Paschi di Siena to establish if it is available at substantial discount.


Price Based on Earnings

Banca Monte dei Paschi di Siena is overvalued based on earnings compared to the IT Banks industry average.

Banca Monte dei Paschi di Siena is good value based on earnings compared to the Italy market.


Price Based on Expected Growth

Banca Monte dei Paschi di Siena is good value based on expected growth next year.


Price Based on Value of Assets

Banca Monte dei Paschi di Siena is good value based on assets compared to the IT Banks industry average.


Next Steps

Future Growth

How is Banca Monte dei Paschi di Siena expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

19.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Banca Monte dei Paschi di Siena's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).

Banca Monte dei Paschi di Siena's earnings are expected to grow by 19% yearly, however this is not considered high growth (20% yearly).

Banca Monte dei Paschi di Siena's revenue growth is expected to exceed the Italy market average.

Banca Monte dei Paschi di Siena's earnings growth is expected to exceed the Italy market average.

Banca Monte dei Paschi di Siena's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Banca Monte dei Paschi di Siena is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Banca Monte dei Paschi di Siena performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Banca Monte dei Paschi di Siena has delivered over 20% year on year earnings growth in the past 5 years.

Banca Monte dei Paschi di Siena's 1-year earnings growth exceeds its 5-year average (1136.4% vs 20.9%)

Banca Monte dei Paschi di Siena's earnings growth has exceeded the IT Banks industry average in the past year (1136.4% vs 6.8%).


Return on Equity

Banca Monte dei Paschi di Siena has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Banca Monte dei Paschi di Siena used its assets less efficiently than the IT Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Banca Monte dei Paschi di Siena'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Banca Monte dei Paschi di Siena has an acceptable proportion of non-loan assets held.

Banca Monte dei Paschi di Siena has a low allowance for bad loans.

Banca Monte dei Paschi di Siena's liabilities are made up of primarily low risk sources of funding.

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).

Loans at Banca Monte dei Paschi di Siena are broadly funded by customer deposits.

Banca Monte dei Paschi di Siena has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Banca Monte dei Paschi di Siena's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

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.

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

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 Italy.


Next Steps

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?

2.3yrs

Average management tenure


CEO

Marco Morelli (58yo)

3yrs

Tenure

0

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 Chairm ...


Management Age and Tenure

2.3yrs

Average Tenure

The tenure for the Banca Monte dei Paschi di Siena management team is about average.


Board Age and Tenure

1.8yrs

Average Tenure

56yo

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.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Marco Morelli (58yo)

    CEO, GM & Director

    • Tenure: 3yrs
  • Marco Palocci

    Head of Communication & Public Affairs Division

    • Tenure: 0yrs
  • Alessandro Signorini

    Head of the North West Italy Area

    • Tenure: 6.8yrs
  • Elfo Bartalucci

    Head of the Southern Lombardy and Emilia Romagna Area

    • Tenure: 6.8yrs
  • Andrea Rovellini

    CFO & Senior Deputy General Manager

    • Tenure: 1.5yrs
  • Vittorio Calvanico

    COO & Head of Organization and Operations

    • Tenure: 1.3yrs
  • Renzo Filippo Quagliana

    Group General Counsel

    • Tenure: 2.8yrs
  • Massimo Molinari

    Head of Research and Investor Relations

    • Tenure: 0yrs
  • Ettore Carneade

    Head of Compliance Area

    • Tenure: 1.7yrs
  • Roberto Coita

    Chief Human Capital Officer

    • Tenure: 0.3yrs

Board Members

  • Antonino Turicchi (54yo)

    Deputy Chairman

    • Tenure: 1.8yrs
    • Compensation: €88.68k
  • Marco Morelli (58yo)

    CEO, GM & Director

    • Tenure: 3yrs
  • Angelo Riccaboni

    Director

    • Tenure: 1.8yrs
  • Elena Cenderelli

    Chairman of the Board of Statutory Auditors

    • Tenure: 4.4yrs
  • Maria Elena Bruna Cappello (51yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: €74.79k
  • Stefania Bariatti (63yo)

    Chairwoman of the Board

    • Tenure: 1.8yrs
    • Compensation: €72.98k
  • Nicola Maione

    Director

    • Tenure: 1.8yrs
  • Marco Giorgino

    Director

    • Tenure: 1.8yrs
  • Fiorella Kostoris

    Director

    • Tenure: 4.4yrs
    • Compensation: €77.86k
  • Roberto Lancellotti

    Director

    • Tenure: 1.8yrs

Company Information

Banca Monte dei Paschi di Siena S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banca Monte dei Paschi di Siena S.p.A.
  • Ticker: BMPS
  • Exchange: BIT
  • Founded: 1472
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.790b
  • Shares outstanding: 1.10b
  • Website: https://www.mps.it

Number of Employees


Location

  • Banca Monte dei Paschi di Siena S.p.A.
  • Piazza Salimbeni, 3
  • Siena
  • Siena
  • 53100
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BMPSBIT (Borsa Italiana)YesCommon StockITEURJun 1999
0RK6LSE (London Stock Exchange)YesCommon StockGBEURJun 1999
MPINDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1999
BMDP.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1999
BMPSMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 1999
BMDP.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

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 Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 20:54
End of Day Share Price2019/09/17 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.