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FBK

FinecoBank Banca Fineco BIT:FBK Stock Report

Last Price

€12.58

Market Cap

€7.7b

7D

1.7%

1Y

-7.7%

Updated

21 May, 2022

Data

Company Financials +
FBK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends3/6

FBK Stock Overview

FinecoBank Banca Fineco S.p.A. provides banking and investment products and services.

FinecoBank Banca Fineco Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FinecoBank Banca Fineco
Historical stock prices
Current Share Price€12.58
52 Week High€17.51
52 Week Low€11.75
Beta1.21
1 Month Change-10.78%
3 Month Change-21.30%
1 Year Change-7.70%
3 Year Change29.03%
5 Year Change83.52%
Change since IPO214.50%

Recent News & Updates

Shareholder Returns

FBKIT BanksIT Market
7D1.7%0.5%0.7%
1Y-7.7%-9.8%-5.5%

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

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

Price Volatility

Is FBK's price volatile compared to industry and market?
FBK volatility
FBK Average Weekly Movement6.7%
Banks Industry Average Movement6.6%
Market Average Movement6.2%
10% most volatile stocks in IT Market8.6%
10% least volatile stocks in IT Market4.0%

Stable Share Price: FBK is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FBK's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19991,305Alessandro Fotihttps://finecobank.com

FinecoBank Banca Fineco S.p.A. provides banking and investment products and services. The company operates through Banking, Brokerage, and Investing segments. The company offers banking services, including current account and deposit services, payment services, mortgages, and personal loans, as well as debit, credit, and prepaid cards; and brokerage services comprising order execution services on behalf of customers with direct access to global equity markets, as well as to trade on currencies, indices, shares, bonds, commodities, futures, options, bonds, ETFs, and certificates.

FinecoBank Banca Fineco Fundamentals Summary

How do FinecoBank Banca Fineco's earnings and revenue compare to its market cap?
FBK fundamental statistics
Market Cap€7.67b
Earnings (TTM)€409.47m
Revenue (TTM)€827.24m

18.7x

P/E Ratio

4.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FBK income statement (TTM)
Revenue€827.24m
Cost of Revenue€1.33m
Gross Profit€825.92m
Other Expenses€416.45m
Earnings€409.47m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 02, 2022

Earnings per share (EPS)0.67
Gross Margin99.84%
Net Profit Margin49.50%
Debt/Equity Ratio104.8%

How did FBK perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

58%

Payout Ratio

Does FBK pay a reliable dividends?

See FBK dividend history and benchmarks
When do you need to buy FBK by to receive an upcoming dividend?
FinecoBank Banca Fineco dividend dates
Ex Dividend DateMay 23 2022
Dividend Pay DateMay 25 2022
Days until Ex dividend1 day
Days until Dividend pay date3 days

Does FBK pay a reliable dividends?

See FBK dividend history and benchmarks

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


18.74x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: FBK (€12.58) is trading above our estimate of fair value (€9.93)

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


Price To Earnings Ratio

PE vs Industry: FBK is poor value based on its PE Ratio (18.7x) compared to the Italian Banks industry average (8.3x).

PE vs Market: FBK is poor value based on its PE Ratio (18.7x) compared to the Italian market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: FBK is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: FBK is overvalued based on its PB Ratio (4.4x) compared to the IT Banks industry average (0.5x).


Future Growth

How is FinecoBank Banca Fineco forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBK's forecast earnings growth (10.9% per year) is above the savings rate (1.7%).

Earnings vs Market: FBK's earnings (10.9% per year) are forecast to grow faster than the Italian market (9.7% per year).

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

Revenue vs Market: FBK's revenue (9% per year) is forecast to grow faster than the Italian market (-0.03% per year).

High Growth Revenue: FBK's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FBK's Return on Equity is forecast to be high in 3 years time (27.4%)


Past Performance

How has FinecoBank Banca Fineco performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FBK has high quality earnings.

Growing Profit Margin: FBK's current net profit margins (49.5%) are higher than last year (41.9%).


Past Earnings Growth Analysis

Earnings Trend: FBK's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: FBK's earnings growth over the past year (25.3%) exceeds its 5-year average (14.4% per year).

Earnings vs Industry: FBK earnings growth over the past year (25.3%) underperformed the Banks industry 35.8%.


Return on Equity

High ROE: Whilst FBK's Return on Equity (23.71%) is high, this metric is skewed due to their high level of debt.


Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • 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: FBK's Assets to Equity ratio (19.6x) is moderate.

Allowance for Bad Loans: FBK has a sufficient allowance for bad loans (157%).

Low Risk Liabilities: 92% of FBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBK has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: FBK's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: FBK has an appropriate level of bad loans (0.1%).


Dividend

What is FinecoBank Banca Fineco 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


3.10%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FBK's dividend (3.1%) is higher than the bottom 25% of dividend payers in the Italian market (1.62%).

High Dividend: FBK's dividend (3.1%) is low compared to the top 25% of dividend payers in the Italian market (4.8%).


Stability and Growth of Payments

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

Growing Dividend: FBK's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (58.1%), FBK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FBK's dividends in 3 years are forecast to be covered by earnings (71.3% payout ratio).


Discover strong dividend paying companies

Management

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

14.3yrs

Average management tenure


CEO

Alessandro Foti (61 yo)

no data

Tenure

€1,260,849

Compensation

Mr. Alessandro Foti serves as Managing Director at FinecoBank Banca Fineco S.p.A. and has been its General Manager since July 01, 2014 and served as its Chief Executive Officer. He served as the Chief Exec...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Alessandro's total compensation is reasonable compared to companies of similar size in the Italian market.

Compensation vs Earnings: Insufficient data to compare Alessandro's compensation with company performance.


Leadership Team

Experienced Management: FBK's management team is seasoned and experienced (14.3 years average tenure).


Board Members

Experienced Board: FBK's board of directors are not considered experienced ( 2.1 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.


Ownership Breakdown

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


Top Shareholders

Company Information

FinecoBank Banca Fineco S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: FinecoBank Banca Fineco S.p.A.
  • Ticker: FBK
  • Exchange: BIT
  • Founded: 1999
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €7.673b
  • Shares outstanding: 609.97m
  • Website: https://finecobank.com

Number of Employees


Location

  • FinecoBank Banca Fineco S.p.A.
  • Via Rivoluzione d'Ottobre 16
  • Reggio Emilia
  • Reggio Emilia
  • 42123
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 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.