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BPE

BPER Banca BIT:BPE Stock Report

Last Price

€1.80

Market Cap

€2.5b

7D

4.3%

1Y

-13.5%

Updated

23 May, 2022

Data

Company Financials +
BPE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance1/6
Financial Health3/6
Dividends3/6

BPE Stock Overview

BPER Banca SpA provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

BPER Banca Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BPER Banca
Historical stock prices
Current Share Price€1.80
52 Week High€2.22
52 Week Low€1.25
Beta1.73
1 Month Change11.28%
3 Month Change-10.85%
1 Year Change-13.46%
3 Year Change-47.69%
5 Year Change-59.73%
Change since IPO-60.24%

Recent News & Updates

Shareholder Returns

BPEIT BanksIT Market
7D4.3%0.5%0.7%
1Y-13.5%-9.8%-5.5%

Return vs Industry: BPE underperformed the Italian Banks industry which returned -9.8% over the past year.

Return vs Market: BPE underperformed the Italian Market which returned -5.5% over the past year.

Price Volatility

Is BPE's price volatile compared to industry and market?
BPE volatility
BPE Average Weekly Movement7.9%
Banks Industry Average Movement6.7%
Market Average Movement6.3%
10% most volatile stocks in IT Market8.6%
10% least volatile stocks in IT Market3.9%

Stable Share Price: BPE is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BPE's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
186718,120Piero Montanihttps://www.bper.it

BPER Banca SpA provides banking products and services for individuals, and businesses and professionals in Italy and internationally. The company operates through Retail, Private, Corporate, Large Corporate, Finance, Corporate Center, and Other Assets segments. It offers loans, mortgages, insurance and social security, accounts, and digital banking related services; cards; and investments and savings products and services.

BPER Banca Fundamentals Summary

How do BPER Banca's earnings and revenue compare to its market cap?
BPE fundamental statistics
Market Cap€2.46b
Earnings (TTM)€237.53m
Revenue (TTM)€2.97b

10.7x

P/E Ratio

0.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BPE income statement (TTM)
Revenue€2.97b
Cost of Revenue€117.71m
Gross Profit€2.85b
Other Expenses€2.61b
Earnings€237.53m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 04, 2022

Earnings per share (EPS)0.17
Gross Margin96.03%
Net Profit Margin8.00%
Debt/Equity Ratio414.9%

How did BPE perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

36%

Payout Ratio

Does BPE pay a reliable dividends?

See BPE dividend history and benchmarks
When do you need to buy BPE by to receive an upcoming dividend?
BPER Banca dividend dates
Ex Dividend DateMay 23 2022
Dividend Pay DateMay 25 2022
Days until Ex dividend1 day
Days until Dividend pay date1 day

Does BPE pay a reliable dividends?

See BPE dividend history and benchmarks

Valuation

Is BPER Banca undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


2.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BPE (€1.8) is trading below our estimate of fair value (€1.85)

Significantly Below Fair Value: BPE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BPE is poor value based on its PE Ratio (10.7x) compared to the Italian Banks industry average (8.3x).

PE vs Market: BPE is good value based on its PE Ratio (10.7x) compared to the Italian market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: BPE is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BPE is good value based on its PB Ratio (0.4x) compared to the IT Banks industry average (0.5x).


Future Growth

How is BPER Banca forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPE's forecast earnings growth (18.4% per year) is above the savings rate (1.7%).

Earnings vs Market: BPE's earnings (18.4% per year) are forecast to grow faster than the Italian market (9.5% per year).

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

Revenue vs Market: BPE's revenue (2.6% per year) is forecast to grow faster than the Italian market (0.06% per year).

High Growth Revenue: BPE's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BPE's Return on Equity is forecast to be low in 3 years time (6.4%).


Past Performance

How has BPER Banca performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BPE has a large one-off loss of €313.2M impacting its March 31 2022 financial results.

Growing Profit Margin: BPE's current net profit margins (8%) are lower than last year (35.3%).


Past Earnings Growth Analysis

Earnings Trend: BPE has become profitable over the past 5 years, growing earnings by 22.3% per year.

Accelerating Growth: BPE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BPE had negative earnings growth (-62.9%) over the past year, making it difficult to compare to the Banks industry average (35.8%).


Return on Equity

High ROE: BPE's Return on Equity (3.9%) is considered low.


Financial Health

How is BPER Banca's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

3/6

Financial Health Score 3/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BPE's Assets to Equity ratio (19.7x) is moderate.

Allowance for Bad Loans: BPE has a low allowance for bad loans (66%).

Low Risk Liabilities: 73% of BPE's liabilities are made up of primarily low risk sources of funding.

Loan Level: BPE has an appropriate level of Loans to Assets ratio (89%).

Low Risk Deposits: BPE's Loans to Deposits ratio (128%) is high.

Level of Bad Loans: BPE has a high level of bad loans (3.3%).


Dividend

What is BPER Banca current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.33%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BPE's dividend (3.33%) is higher than the bottom 25% of dividend payers in the Italian market (1.62%).

High Dividend: BPE's dividend (3.33%) is low compared to the top 25% of dividend payers in the Italian market (4.79%).


Stability and Growth of Payments

Stable Dividend: BPE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BPE has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.6%), BPE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BPE's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).


Discover strong dividend paying companies

Management

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

1.1yrs

Average board tenure


CEO

Piero Montani (67 yo)

1.08yrs

Tenure

Mr. Piero Luigi Montani serves as Chief Executive Officer of BPER Banca S.p.A. since April 21, 2021 and serves as its Director since May 2021. he serves as General manager of BPER Banca SpA since 2021. He...


Board Members

Experienced Board: BPE's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

BPER Banca SpA's employee growth, exchange listings and data sources


Key Information

  • Name: BPER Banca SpA
  • Ticker: BPE
  • Exchange: BIT
  • Founded: 1867
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €2.464b
  • Shares outstanding: 1.41b
  • Website: https://www.bper.it

Number of Employees


Location

  • BPER Banca SpA
  • Via San Carlo 8/20
  • Modena
  • Modena
  • 41121
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.