| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
BST Stock Overview
Banca Sistema S.p.A. provides various business and retail banking products and services in Italy.
Banca Sistema Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €1.56 |
| 52 Week High | €2.43 |
| 52 Week Low | €1.54 |
| Beta | 1.69 |
| 1 Month Change | -22.78% |
| 3 Month Change | -25.55% |
| 1 Year Change | -24.83% |
| 3 Year Change | 22.14% |
| 5 Year Change | -32.23% |
| Change since IPO | -60.21% |
Recent News & Updates
Banca Sistema S.p.A. (BIT:BST) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Last week saw the newest quarterly earnings release from Banca Sistema S.p.A. ( BIT:BST ), an important milestone in...
Shareholder Returns
| BST | IT Banks | IT Market | |
|---|---|---|---|
| 7D | -7.2% | -6.4% | -2.7% |
| 1Y | -24.8% | -18.5% | -17.1% |
Return vs Industry: BST underperformed the Italian Banks industry which returned -18.9% over the past year.
Return vs Market: BST underperformed the Italian Market which returned -17.4% over the past year.
Price Volatility
| BST volatility | |
|---|---|
| BST Average Weekly Movement | 4.6% |
| Banks Industry Average Movement | 4.8% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in IT Market | 7.3% |
| 10% least volatile stocks in IT Market | 3.3% |
Stable Share Price: BST is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BST's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 275 | Gianluca Garbi | https://www.bancasistema.it |
Banca Sistema S.p.A. provides various business and retail banking products and services in Italy. The company offers factoring services that cover non-recourse and recourse factoring, VAT receivables, maturity factoring, receivables certifications, and credit management and recovery products; tax receivables management, maturity factoring, and the certification of receivables from the public administration; and online factoring. Its banking solutions include current accounts, and time and securities deposits; and salary and pension backed loans, and collateralized loans.
Banca Sistema Fundamentals Summary
| BST fundamental statistics | |
|---|---|
| Market Cap | €124.06m |
| Earnings (TTM) | €23.12m |
| Revenue (TTM) | €97.64m |
5.4x
P/E Ratio0.5x
P/B RatioIs BST overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BST income statement (TTM) | |
|---|---|
| Revenue | €97.64m |
| Cost of Revenue | €0 |
| Gross Profit | €97.64m |
| Other Expenses | €74.52m |
| Earnings | €23.12m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 29, 2022
| Earnings per share (EPS) | 0.29 |
| Gross Margin | 100.00% |
| Net Profit Margin | 23.68% |
| Debt/Equity Ratio | 487.5% |
How did BST perform over the long term?
See historical performance and comparisonDividends
4.6%
Current Dividend Yield25%
Payout RatioValuation
Is BST undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BST?
Other financial metrics that can be useful for relative valuation.
| What is BST's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | €124.06m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does BST's PE Ratio compare to its peers?
| BST PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5x | ||
BDB Banco di Desio e della Brianza | 6.5x | n/a | €442.7m |
BMPS Banca Monte dei Paschi di Siena | 2.6x | 67.2% | €519.2m |
BPSO Banca Popolare di Sondrio | 5.9x | 0.6% | €1.5b |
CE Credito Emiliano | 4.8x | -0.4% | €1.8b |
BST Banca Sistema | 5.4x | 14.2% | €124.1m |
Price-To-Earnings vs Peers: BST is expensive based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (5x).
Price to Earnings Ratio vs Industry
How does BST's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: BST is good value based on its Price-To-Earnings Ratio (5.4x) compared to the Italian Banks industry average (6.5x)
Price to Earnings Ratio vs Fair Ratio
What is BST'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 5.4x |
| Fair PE Ratio | 9.7x |
Price-To-Earnings vs Fair Ratio: BST is good value based on its Price-To-Earnings Ratio (5.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).
Share Price vs Fair Value
What is the Fair Price of BST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BST (€1.56) is trading below our estimate of fair value (€3.37)
Significantly Below Fair Value: BST is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: BST is good value based on its PEG Ratio (0.4x)
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Future Growth
How is Banca Sistema forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
14.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BST's forecast earnings growth (14.2% per year) is above the savings rate (1.7%).
Earnings vs Market: BST's earnings (14.2% per year) are forecast to grow faster than the Italian market (10.1% per year).
High Growth Earnings: BST's earnings are forecast to grow, but not significantly.
Revenue vs Market: BST's revenue (10% per year) is forecast to grow faster than the Italian market (0.4% per year).
High Growth Revenue: BST's revenue (10% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BST's Return on Equity is forecast to be low in 3 years time (10.3%).
Discover growth companies
Past Performance
How has Banca Sistema performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-0.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BST has high quality earnings.
Growing Profit Margin: BST's current net profit margins (23.7%) are lower than last year (27.7%).
Past Earnings Growth Analysis
Earnings Trend: BST's earnings have declined by 0.4% per year over the past 5 years.
Accelerating Growth: BST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BST had negative earnings growth (-11.5%) over the past year, making it difficult to compare to the Banks industry average (35.8%).
Return on Equity
High ROE: BST's Return on Equity (8.9%) is considered low.
Discover strong past performing companies
Financial Health
How is Banca Sistema's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
3/6Financial 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: BST's Assets to Equity ratio (15.2x) is moderate.
Allowance for Bad Loans: BST has a low allowance for bad loans (21%).
Low Risk Liabilities: 61% of BST's liabilities are made up of primarily low risk sources of funding.
Loan Level: BST has an appropriate level of Loans to Assets ratio (77%).
Low Risk Deposits: BST's Loans to Deposits ratio (134%) is high.
Level of Bad Loans: BST has a high level of bad loans (10.2%).
Discover healthy companies
Dividend
What is Banca Sistema current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BST's dividend (4.63%) is higher than the bottom 25% of dividend payers in the Italian market (1.72%).
High Dividend: BST's dividend (4.63%) is low compared to the top 25% of dividend payers in the Italian market (5.25%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BST has been paying a dividend for less than 10 years.
Growing Dividend: BST's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (24.9%), BST's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BST's dividends in 3 years are forecast to be well covered by earnings (25.8% payout ratio).
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Gianluca Garbi (52 yo)
8.17yrs
Tenure
€2,155,000
Compensation
Dr. Gianluca Garbi has been the Chief Executive Officer of Banca Sistema S.p.A. since April 22, 2014 and has been its General Manager since April 22, 2014 and serves as its Managing Director. Dr. Garbi ser...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Gianluca's total compensation is reasonable compared to companies of similar size in the Italian market.
Compensation vs Earnings: Insufficient data to compare Gianluca's compensation with company performance.
Leadership Team
Experienced Management: BST's management team is considered experienced (4.5 years average tenure).
Board Members
Experienced Board: BST's board of directors are considered experienced (3.9 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 Sistema S.p.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Banca Sistema S.p.A.
- Ticker: BST
- Exchange: BIT
- Founded: 2011
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: €124.057m
- Shares outstanding: 79.73m
- Website: https://www.bancasistema.it
Number of Employees
Location
- Banca Sistema S.p.A.
- Largo Augusto 1/A
- ang. via Verziere 13
- Milan
- Milan
- 20122
- Italy
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.