Executive Summary
Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with questionable track record.
Similar Companies
Share Price & News
How has Mediobanca Banca di Credito Finanziario's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.1%
MB
1.2%
IT Banks
0.7%
IT Market
1 Year Return
38.8%
MB
18.1%
IT Banks
19.9%
IT Market
Return vs Industry: MB exceeded the Italian Banks industry which returned 18.1% over the past year.
Return vs Market: MB exceeded the Italian Market which returned 19.9% over the past year.
Shareholder returns
| MB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 1.2% | 0.7% |
| 30 Day | -3.1% | -0.6% | -1.4% |
| 90 Day | 6.3% | 11.0% | 4.5% |
| 1 Year | 45.2%38.8% | 24.5%18.1% | 25.3%19.9% |
| 3 Year | 55.3%34.3% | -6.0%-30.3% | 28.6%9.9% |
| 5 Year | 87.0%50.8% | -12.8%-47.5% | 34.6%-12.6% |
Price Volatility Vs. Market
How volatile is Mediobanca Banca di Credito Finanziario's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Independent Director Maurizio Carfagna Just Bought Shares In Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB)3 weeks ago | Simply Wall St
How Much Did Mediobanca Banca di Credito Finanziario S.p.A.'s (BIT:MB) CEO Pocket Last Year?2 months ago | Simply Wall St
Update: Mediobanca Banca di Credito Finanziario (BIT:MB) Stock Gained 61% In The Last Five YearsValuation
Is Mediobanca Banca di Credito Finanziario undervalued compared to its fair value and its price relative to the market?
10.39x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MB (€10.11) is trading above our estimate of fair value (€8.23)
Significantly Below Fair Value: MB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MB is poor value based on its PE Ratio (10.4x) compared to the Banks industry average (8.9x).
PE vs Market: MB is good value based on its PE Ratio (10.4x) compared to the Italian market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: MB is poor value based on its PEG Ratio (4.5x)
Price to Book Ratio
PB vs Industry: MB is overvalued based on its PB Ratio (0.9x) compared to the IT Banks industry average (0.4x).
Next Steps
Future Growth
How is Mediobanca Banca di Credito Finanziario forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
2.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MB's forecast earnings growth (2.3% per year) is above the savings rate (1.2%).
Earnings vs Market: MB's earnings (2.3% per year) are forecast to grow slower than the Italian market (8.9% per year).
High Growth Earnings: MB's earnings are forecast to grow, but not significantly.
Revenue vs Market: MB's revenue (4.6% per year) is forecast to grow faster than the Italian market (3.1% per year).
High Growth Revenue: MB's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MB's Return on Equity is forecast to be low in 3 years time (8.5%).
Next Steps
Past Performance
How has Mediobanca Banca di Credito Finanziario performed over the past 5 years?
11.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MB has high quality earnings.
Growing Profit Margin: MB's current net profit margins (38.1%) are lower than last year (43.7%).
Past Earnings Growth Analysis
Earnings Trend: MB's earnings have grown by 11.3% per year over the past 5 years.
Accelerating Growth: MB's earnings growth over the past year (4.9%) is below its 5-year average (11.3% per year).
Earnings vs Industry: MB earnings growth over the past year (4.9%) underperformed the Banks industry 17.6%.
Return on Equity
High ROE: MB's Return on Equity (8.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Mediobanca Banca di Credito Finanziario'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
Inventory Level: MB has a low level of unsold assets or inventory.
Debt Coverage by Assets: MB's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: MB's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if MB has a sufficient allowance for bad loans.
Low Risk Liabilities: MB's liabilities are made up of primarily higher risk sources of funding.
Loan Level: MB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MB has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: MB has a high level of bad loans (5.18%)
Next Steps
Dividend
What is Mediobanca Banca di Credito Finanziario's current dividend yield, its reliability and sustainability?
4.65%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MB's dividend (4.65%) is higher than the bottom 25% of dividend payers in the Italian market (1.96%).
High Dividend: MB's dividend (4.65%) is in the top 25% of dividend payers in the Italian market (4.4%)
Stability and Growth of Payments
Stable Dividend: MB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MB's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.3%), MB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MB's dividends in 3 years are forecast to be covered by earnings (56.3% payout ratio).
Next Steps
Management
What is the CEO of Mediobanca Banca di Credito Finanziario's salary, the management and board of directors tenure and is there insider trading?
6.8yrs
Average management tenure
CEO
Alberto Nagel (54yo)
11.2yrs
Tenure
€3,313,702
Compensation
Mr. Alberto Nicola Nagel has been the Chief Executive Officer at Mediobanca Banca di Credito Finanziario S.p.A. since October 2008 and serves as its Co-Head of CIB. Mr. Nagel served as Chief Executive Offi ...
CEO Compensation Analysis
Compensation vs Market: Alberto's total compensation ($USD3.68M) is above average for companies of similar size in the Italian market ($USD846.40K).
Compensation vs Earnings: Alberto's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.8yrs
Average Tenure
55yo
Average Age
Experienced Management: MB's management team is seasoned and experienced (6.8 years average tenure).
Board Age and Tenure
6.7yrs
Average Tenure
69yo
Average Age
Experienced Board: MB's board of directors are considered experienced (6.7 years average tenure).
Insider Trading
Insider Buying: MB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 60,000 |
| Max Price | €10.05 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 30,000 |
| Max Price | €10.15 |
| Entity | Individual |
| Shares | 50,683 |
| Max Price | €10.16 |
| Entity | Individual |
| Role | Member of the Board of Directors GM & Director |
| Shares | 47,293 |
| Max Price | €10.15 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 70,386 |
| Max Price | €10.16 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 60,000 |
| Max Price | €10.22 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 60,000 |
| Max Price | €10.31 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 60,000 |
| Max Price | €10.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 50,000 |
| Max Price | €10.25 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 100,000 |
| Max Price | €9.08 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 65,000 |
| Max Price | €8.39 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 68,846 |
| Max Price | €8.49 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 275,000 |
| Max Price | €8.69 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 150,000 |
| Max Price | €8.90 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 103,000 |
| Max Price | €8.98 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 100,000 |
| Max Price | €9.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,050,000 |
| Max Price | €9.29 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | €7.31 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Francisco Bachiller
Executive Chairman of Corporate & Investment Banking and Co-Head of CIB
- Tenure: 1.6yrs
Ulrich Paefgen
Vice Chairman of Strategic Development for Europe
- Tenure: 6.8yrs
Alberto Nagel (54yo)
CEO & Director
- Tenure: 11.2yrs
- Compensation: €3.31m
Clemente Rebecchini (55yo)
Head of the Principal Investing Division and Central Manager
- Tenure: 9.6yrs
Antonio Guglielmi
Head of CIB Rome & Public Institutions and Head of European Equity Research
- Tenure: 0yrs
Francesco Vinci (57yo)
GM & Director
- Tenure: 11.2yrs
- Compensation: €3.38m
Adam Bolek
Head of Germany Unit
- Tenure: 6.8yrs
Matteo Maralla
Head of Equity Capital Markets Syndicate
- Tenure: 0yrs
Jessica Spina
Head of Group Investor Relations & Strategic Corporate Development
- Tenure: 0yrs
Emanuele Flappini
Head of Company Financial Reporting
- Tenure: 0yrs
Board Members
Maurizia Comneno (71yo)
Deputy Chairman of the Board
- Tenure: 5.2yrs
- Compensation: €225.00k
Elisabetta Magistretti (72yo)
Independent Director
- Tenure: 8.2yrs
- Compensation: €220.00k
Alberto Pecci (76yo)
Deputy Chairman of the Board
- Tenure: 2.2yrs
- Compensation: €165.00k
Maurizio Costa (71yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: €125.00k
Renato Pagliaro (62yo)
Chairman
- Tenure: 9.6yrs
- Compensation: €2.25m
Alberto Nagel (54yo)
CEO & Director
- Tenure: 11.2yrs
- Compensation: €3.31m
Maurizio Carfagna (72yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: €220.00k
Francesco Vinci (57yo)
GM & Director
- Tenure: 11.2yrs
- Compensation: €3.38m
Gabriele Villa (55yo)
Independent Director
- Tenure: 2.2yrs
- Compensation: €190.00k
Natale Freddi (67yo)
Chairman of Statutory Audit Committee
- Tenure: 8.2yrs
- Compensation: €133.43k
Company Information
Mediobanca Banca di Credito Finanziario S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mediobanca Banca di Credito Finanziario S.p.A.
- Ticker: MB
- Exchange: BIT
- Founded: 1946
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €8.815b
- Shares outstanding: 871.87m
- Website: https://www.mediobanca.com
Number of Employees
Location
- Mediobanca Banca di Credito Finanziario S.p.A.
- Piazzetta Enrico Cuccia, 1
- Milan
- Milan
- 20121
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MB | BIT (Borsa Italiana) | Yes | Ordinary Registered Shares | IT | EUR | Jan 1992 |
| ME9 | DB (Deutsche Boerse AG) | Yes | Ordinary Registered Shares | DE | EUR | Jan 1992 |
| 0HBF | LSE (London Stock Exchange) | Yes | Ordinary Registered Shares | GB | EUR | Jan 1992 |
| MDIB.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Registered Shares | US | USD | Jan 1992 |
| MBM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Registered Shares | GB | EUR | Jan 1992 |
| MB | WBAG (Wiener Boerse AG) | Yes | Ordinary Registered Shares | AT | EUR | Jan 1992 |
| MDIB.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally. It operates through five segments: Corporate & I ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 20:44 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/06/30 |
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.