BIT:BPSO

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Banca Popolare di Sondrio S.C.p.A

Executive Summary

Banca Popolare di Sondrio S.C.p.A., together with its subsidiaries, provides various banking products and services in Italy. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Banca Popolare di Sondrio S.C.p.A's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-5.4%

BPSO

-3.6%

IT Banks

-1.4%

IT Market


1 Year Return

7.2%

BPSO

-21.4%

IT Banks

-8.9%

IT Market

Return vs Industry: BPSO exceeded the Italian Banks industry which returned -20.1% over the past year.

Return vs Market: BPSO exceeded the Italian Market which returned -7.4% over the past year.


Shareholder returns

BPSOIndustryMarket
7 Day-5.4%-3.6%-1.4%
30 Day41.3%25.3%17.7%
90 Day22.6%6.1%9.6%
1 Year7.2%7.2%-19.8%-21.4%-6.5%-8.9%
3 Year-28.0%-31.1%-28.2%-35.8%-0.1%-9.9%
5 Year-43.2%-47.8%-40.9%-62.5%8.6%-24.7%

Long-Term Price Volatility Vs. Market

How volatile is Banca Popolare di Sondrio S.C.p.A's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Banca Popolare di Sondrio S.C.p.A undervalued compared to its fair value and its price relative to the market?

12.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BPSO (€2.23) is trading above our estimate of fair value (€0.63)

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


Price To Earnings Ratio

PE vs Industry: BPSO is poor value based on its PE Ratio (12.8x) compared to the IT Banks industry average (9.9x).

PE vs Market: BPSO is good value based on its PE Ratio (12.8x) compared to the Italian market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: BPSO is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BPSO is good value based on its PB Ratio (0.3x) compared to the IT Banks industry average (0.5x).


Next Steps

Future Growth

How is Banca Popolare di Sondrio S.C.p.A forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPSO's forecast earnings growth (10.5% per year) is above the savings rate (2%).

Earnings vs Market: BPSO's earnings (10.5% per year) are forecast to grow slower than the Italian market (24.4% per year).

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

Revenue vs Market: BPSO's revenue (22.1% per year) is forecast to grow faster than the Italian market (3.2% per year).

High Growth Revenue: BPSO's revenue (22.1% per year) 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 BPSO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Banca Popolare di Sondrio S.C.p.A performed over the past 5 years?

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPSO has high quality earnings.

Growing Profit Margin: BPSO's current net profit margins (12.4%) are lower than last year (21.6%).


Past Earnings Growth Analysis

Earnings Trend: BPSO's earnings have declined by 1.6% per year over the past 5 years.

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

Earnings vs Industry: BPSO had negative earnings growth (-49.4%) over the past year, making it difficult to compare to the Banks industry average (-5.3%).


Return on Equity

High ROE: BPSO's Return on Equity (2.7%) is considered low.


Next Steps

  • Explore strong past performing companies in the Banks industry.

Financial Health

How is Banca Popolare di Sondrio S.C.p.A'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


Financial Institutions Analysis

Asset Level: BPSO's Assets to Equity ratio (15.5x) is moderate.

Allowance for Bad Loans: BPSO has a low allowance for bad loans (59%).

Low Risk Liabilities: 68% of BPSO's liabilities are made up of primarily low risk sources of funding.

Loan Level: BPSO has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: BPSO's Loans to Deposits ratio (113%) is appropriate.

Level of Bad Loans: BPSO has a high level of bad loans (7.7%).


Next Steps

Dividend

What is Banca Popolare di Sondrio S.C.p.A current dividend yield, its reliability and sustainability?

2.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPSO's dividend (2.24%) is higher than the bottom 25% of dividend payers in the Italian market (1.48%).

High Dividend: BPSO's dividend (2.24%) is low compared to the top 25% of dividend payers in the Italian market (4.79%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.6%), BPSO'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

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

10.8yrs

Average board tenure


CEO

Mario Pedranzini (70 yo)

8yrs

Tenure

€1,395,000

Compensation

Cav. Rag. Dott. Mario Alberto Pedranzini serves as Managing Director, General Manager and Secretary of Banca Popolare di Sondrio S.C.p.A. and served as its General Manager. He is a Director of Banca della ...


Board Members

NamePositionTenureCompensationOwnership
Mario Pedranzini
MD, GM, Secretary & Director8yrs€1.40mno data
Alberto Crespi
Member of Advisory Committeeno datano datano data
Federico Falck
Director17.75yrs€45.00kno data
Francesco Venosta
Chairman of the Board6.92yrs€264.00kno data
Lino Stoppani
Deputy Chairman of the Board6.5yrs€150.00kno data
Andrea Monorchio
Member of Advisory Committeeno datano datano data
Piergiuseppe Forni
Chairman of Board of Statutory Auditorsno data€105.00kno data
Attilio Ferrari
Director14.92yrs€47.00kno data
Adriano Propersi
Director11.92yrs€47.00kno data
Paolo Biglioli
Director12.92yrs€45.00kno data
Domenico Triacca
Director10.75yrs€81.00kno data
Cristina Galbusera
Director8yrs€51.00kno data

10.8yrs

Average Tenure

73yo

Average Age

Experienced Board: BPSO's board of directors are seasoned and experienced ( 10.8 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

Banca Popolare di Sondrio S.C.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banca Popolare di Sondrio S.C.p.A.
  • Ticker: BPSO
  • Exchange: BIT
  • Founded: 1871
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.004b
  • Shares outstanding: 449.71m
  • Website: https://www.popso.it

Number of Employees


Location

  • Banca Popolare di Sondrio S.C.p.A.
  • Piazza Giuseppe Garibaldi 16
  • Sondrio
  • Sondrio
  • 23100
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BPSOBIT (Borsa Italiana)YesOrdinary SharesITEURSep 1992
0NWJLSE (London Stock Exchange)YesOrdinary SharesGBEURSep 1992
593DB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1992
BPSOMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 1992

Biography

Banca Popolare di Sondrio S.C.p.A., together with its subsidiaries, provides various banking products and services in Italy. The company offers current accounts, repurchase agreements, and loans primarily ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 20:26
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
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.