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Mediobanca Banca di Credito Finanziario

BIT:MB
Snowflake Description

Average dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MB
BIT
€8B
Market Cap
  1. Home
  2. IT
  3. Banks
Company description

Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally. The last earnings update was 12 days ago. More info.


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MB Share Price and Events
7 Day Returns
-0.6%
BIT:MB
-4.6%
IT Banks
-0.4%
IT Market
1 Year Returns
-3.1%
BIT:MB
-29%
IT Banks
-10%
IT Market
MB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mediobanca Banca di Credito Finanziario (MB) -0.6% -6.3% 7% -3.1% 27.5% 23.9%
IT Banks -4.6% -15.8% -4.9% -29% -56.3% -64.4%
IT Market -0.4% -5.7% 0.7% -10% -6.4% -37.4%
1 Year Return vs Industry and Market
  • MB outperformed the Banks industry which returned -29% over the past year.
  • MB outperformed the Market in Italy which returned -10% over the past year.
Price Volatility
MB
Industry
5yr Volatility vs Market

Value

 Is Mediobanca Banca di Credito Finanziario undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mediobanca Banca di Credito Finanziario to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mediobanca Banca di Credito Finanziario.

BIT:MB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= €11.62 * 8.4%
€0.97
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. €11.62
Discount Rate (Cost of Equity) See below 19.7%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:MB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 24%) (380.1%))
1.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.857 * 9.02%)
19.68%

Discounted Cash Flow Calculation for BIT:MB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Mediobanca Banca di Credito Finanziario is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BIT:MB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.4% – 19.68%) * €11.62)
€-1.31
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-1.31 / (19.68% - 2.93%)
€-7.84
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €11.62 + €-7.84
€3.77
BIT:MB Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.77
Current discount Discount to share price of €8.90
= -1 x (€8.90 - €3.77) / €3.77
-135.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mediobanca Banca di Credito Finanziario is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mediobanca Banca di Credito Finanziario's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mediobanca Banca di Credito Finanziario's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:MB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.95
BIT:MB Share Price ** BIT (2019-05-21) in EUR €8.9
Italy Banks Industry PE Ratio Median Figure of 13 Publicly-Listed Banks Companies 8.5x
Italy Market PE Ratio Median Figure of 240 Publicly-Listed Companies 15.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mediobanca Banca di Credito Finanziario.

BIT:MB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:MB Share Price ÷ EPS (both in EUR)

= 8.9 ÷ 0.95

9.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mediobanca Banca di Credito Finanziario is overvalued based on earnings compared to the IT Banks industry average.
  • Mediobanca Banca di Credito Finanziario is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does Mediobanca Banca di Credito Finanziario's expected growth come at a high price?
Raw Data
BIT:MB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
1.2%per year
Italy Banks Industry PEG Ratio Median Figure of 11 Publicly-Listed Banks Companies 0.85x
Italy Market PEG Ratio Median Figure of 158 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

BIT:MB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.39x ÷ 1.2%

7.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mediobanca Banca di Credito Finanziario is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mediobanca Banca di Credito Finanziario's assets?
Raw Data
BIT:MB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €10.51
BIT:MB Share Price * BIT (2019-05-21) in EUR €8.9
Italy Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.37x
Italy Market PB Ratio Median Figure of 320 Publicly-Listed Companies 1.43x
BIT:MB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:MB Share Price ÷ Book Value per Share (both in EUR)

= 8.9 ÷ 10.51

0.85x

* Primary Listing of Mediobanca Banca di Credito Finanziario.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mediobanca Banca di Credito Finanziario is overvalued based on assets compared to the IT Banks industry average.
X
Value checks
We assess Mediobanca Banca di Credito Finanziario's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Mediobanca Banca di Credito Finanziario has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mediobanca Banca di Credito Finanziario expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mediobanca Banca di Credito Finanziario expected to grow at an attractive rate?
  • Mediobanca Banca di Credito Finanziario's earnings growth is positive but not above the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Mediobanca Banca di Credito Finanziario's earnings growth is positive but not above the Italy market average.
  • Mediobanca Banca di Credito Finanziario's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:MB Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:MB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 1.2%
BIT:MB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 5%
Italy Banks Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Italy Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Italy Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:MB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:MB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 2,742 861 1
2021-06-30 2,647 835 5
2020-06-30 2,580 855 6
2019-06-30 2,501 823 5
BIT:MB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,892 808
2018-12-31 1,898 796 838
2018-09-30 1,849 808
2018-06-30 1,898 -471 864
2018-03-31 1,876 818
2017-12-31 1,977 -290 808
2017-09-30 1,790 780
2017-06-30 1,704 370 750
2017-03-31 1,629 776
2016-12-31 1,514 -1,640 702
2016-09-30 1,434 631
2016-06-30 1,365 -161 605

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mediobanca Banca di Credito Finanziario's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • Mediobanca Banca di Credito Finanziario's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:MB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Mediobanca Banca di Credito Finanziario Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:MB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30
2021-06-30 0.95 1.02 0.87 5.00
2020-06-30 0.96 1.08 0.86 8.00
2019-06-30 0.94 0.96 0.90 7.00
BIT:MB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.95
2018-12-31 0.97
2018-09-30 0.94
2018-06-30 1.00
2018-03-31 0.94
2017-12-31 0.94
2017-09-30 0.91
2017-06-30 0.88
2017-03-31 0.91
2016-12-31 0.82
2016-09-30 0.74
2016-06-30 0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mediobanca Banca di Credito Finanziario is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mediobanca Banca di Credito Finanziario's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mediobanca Banca di Credito Finanziario has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mediobanca Banca di Credito Finanziario performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mediobanca Banca di Credito Finanziario's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mediobanca Banca di Credito Finanziario's year on year earnings growth rate has been positive over the past 5 years.
  • Mediobanca Banca di Credito Finanziario's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mediobanca Banca di Credito Finanziario's 1-year earnings growth is negative, it can't be compared to the IT Banks industry average.
Earnings and Revenue History
Mediobanca Banca di Credito Finanziario's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mediobanca Banca di Credito Finanziario Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:MB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,892.12 808.02 1,163.74
2018-12-31 1,897.75 838.11 1,151.95
2018-09-30 1,849.32 808.42 1,139.94
2018-06-30 1,898.22 863.92 1,124.24
2018-03-31 1,876.43 818.20 1,207.42
2017-12-31 1,977.35 808.29 1,150.58
2017-09-30 1,790.43 780.40 1,160.12
2017-06-30 1,704.13 750.20 1,172.92
2017-03-31 1,629.32 776.05 986.73
2016-12-31 1,513.52 701.68 1,036.99
2016-09-30 1,433.82 630.95 922.33
2016-06-30 1,364.92 604.55 964.79
2016-03-31 1,335.59 566.55 908.26
2015-12-31 1,454.60 650.24 929.20
2015-09-30 1,371.19 674.05 858.26
2015-06-30 1,326.49 589.75 843.47
2015-03-31 1,171.09 535.08 818.96
2014-12-31 1,009.90 420.66 804.97
2014-09-30 1,034.99 453.58 798.06
2014-06-30 1,000.59 464.78 783.16
2014-03-31 825.68 181.93 766.04
2013-12-31 816.21 4.78 748.95
2013-09-30 815.28 -113.97 751.24
2013-06-30 809.48 -176.17 755.44
2013-03-31 886.90 13.20 758.01
2012-12-31 962.70 141.27 762.01
2012-09-30 994.40 133.10 758.21
2012-06-30 899.80 80.90 783.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mediobanca Banca di Credito Finanziario has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mediobanca Banca di Credito Finanziario used its assets more efficiently than the IT Banks industry average last year based on Return on Assets.
  • Unable to establish if Mediobanca Banca di Credito Finanziario improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Mediobanca Banca di Credito Finanziario's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mediobanca Banca di Credito Finanziario has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mediobanca Banca di Credito Finanziario's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Mediobanca Banca di Credito Finanziario's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mediobanca Banca di Credito Finanziario Company Filings, last reported 1 month ago.

BIT:MB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,413.50 29,434.40 9,728.80
2018-12-31 9,294.09 38,337.46 16,517.26
2018-09-30 9,271.30 28,878.70 8,403.80
2018-06-30 9,732.21 33,688.03 14,035.28
2018-03-31 9,614.00 30,248.80 8,491.70
2017-12-31 9,308.32 34,643.69 17,179.44
2017-09-30 9,098.50 30,751.60 8,304.50
2017-06-30 9,191.66 32,090.99 14,933.44
2017-03-31 9,156.80 31,913.00 10,235.80
2016-12-31 9,142.98 34,738.41 17,229.29
2016-09-30 8,921.20 21,406.00
2016-06-30 8,921.85 36,799.26 16,355.72
2016-03-31 8,736.00 31,872.70 11,146.30
2015-12-31 8,538.47 38,888.51 19,446.54
2015-09-30 8,578.00 30,557.50 13,648.40
2015-06-30 8,867.10 36,867.81 18,741.62
2015-03-31 8,533.00 30,184.60 15,542.70
2014-12-31 8,075.94 38,714.08 19,304.62
2014-09-30 8,023.10 30,428.90 14,235.20
2014-06-30 7,942.67 36,846.22 19,632.20
2014-03-31 7,621.90 33,782.10 14,618.30
2013-12-31 7,417.15 47,605.10 21,875.11
2013-09-30 7,163.80 38,693.70 15,953.00
2013-06-30 6,948.12 46,443.54 17,501.99
2013-03-31 7,301.50 40,037.00 14,878.50
2012-12-31 7,154.46 52,032.51 20,958.76
2012-09-30 6,792.40 42,021.80 16,449.40
2012-06-30 6,609.00 53,981.92 20,180.23
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Mediobanca Banca di Credito Finanziario has an acceptable proportion of non-loan assets held.
  • Mediobanca Banca di Credito Finanziario's liabilities are made up of primarily higher risk sources of funding.
  • Mediobanca Banca di Credito Finanziario has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Mediobanca Banca di Credito Finanziario's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Mediobanca Banca di Credito Finanziario has a sufficient allowance for bad loans without relevant financial data.
  • Mediobanca Banca di Credito Finanziario has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Mediobanca Banca di Credito Finanziario's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mediobanca Banca di Credito Finanziario has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mediobanca Banca di Credito Finanziario's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.28%
Current annual income from Mediobanca Banca di Credito Finanziario dividends. Estimated to be 5.46% next year.
If you bought €2,000 of Mediobanca Banca di Credito Finanziario shares you are expected to receive €106 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mediobanca Banca di Credito Finanziario's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.11%).
  • Mediobanca Banca di Credito Finanziario's dividend is above the markets top 25% of dividend payers in Italy (4.47%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:MB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Italy Banks Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 6.3%
Italy Market Average Dividend Yield Market Cap Weighted Average of 186 Stocks 4.3%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.2%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:MB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-06-30
2021-06-30 0.50 7.00
2020-06-30 0.49 9.00
2019-06-30 0.47 9.00
BIT:MB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-08-01 0.470 5.664
2017-08-04 0.370 4.032
2016-10-06 0.270 3.426
2016-08-05 0.270 4.259
2015-09-23 0.250 3.551
2014-10-09 0.150 1.853
2014-09-17 0.150 2.212
2014-05-09 0.000 0.000
2014-05-08 0.000 0.000
2014-02-24 0.000 0.000
2014-02-19 0.000 0.000
2013-10-28 0.000 0.000
2013-10-01 0.000 0.000
2013-09-17 0.000 0.000
2012-09-28 0.050 1.071
2012-09-20 0.050 1.192
2011-10-10 0.170 4.314
2011-09-21 0.170 2.942
2011-08-08 0.170 2.813
2010-10-29 0.170 2.384
2010-10-11 0.170 2.353
2010-09-21 0.170 2.492
2009-10-09 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mediobanca Banca di Credito Finanziario has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Mediobanca Banca di Credito Finanziario only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Mediobanca Banca di Credito Finanziario's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Mediobanca Banca di Credito Finanziario's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mediobanca Banca di Credito Finanziario afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mediobanca Banca di Credito Finanziario has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

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?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alberto Nagel
COMPENSATION €4,048,531
AGE 53
TENURE AS CEO 10.6 years
CEO Bio

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 Officer, Managing Director and Head of Investment Banking at Mediobanca Banca di Credito Finanziario S.p.A and served as its General Manager since April 14, 2003. Mr. Nagel served as Joint Director General of Mediobanca since April 7, 2003, which he joined in 1991. He served as a Member of Management Board of Mediobanca Banca di Credito Finanziario S.p.A. (Mediobanca SpA). Mr. Nagel served as Vice Chairman of Assicurazioni Generali SpA from April 2010 to April 04, 2012. He has been a Director of Mediobanca Banca di Credito Finanziario S.p.A. since October 28, 2008. He served as a Director of Assicurazioni Generali SpA until April 4, 2012. He served as Director of Banca Esperia S.p.A. since July 2000. He served as an Auditor of Assicurazioni Generali SpA from 1996 to 2004. Mr. Nagel graduated in Economics and Commerce from Bocconi University.

CEO Compensation
  • Alberto's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alberto's remuneration is higher than average for companies of similar size in Italy.
Management Team Tenure

Average tenure and age of the Mediobanca Banca di Credito Finanziario management team in years:

7.6
Average Tenure
54
Average Age
  • The average tenure for the Mediobanca Banca di Credito Finanziario management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alberto Nagel

TITLE
CEO & Director
COMPENSATION
€4M
AGE
53
TENURE
10.6 yrs

Francesco Vinci

TITLE
GM & Director
COMPENSATION
€3M
AGE
56
TENURE
9 yrs

Emanuele Flappini

TITLE
Head of Company Financial Reporting

Clemente Rebecchini

TITLE
Head of the Principal Investing Division and Central Manager
AGE
54
TENURE
9 yrs

Francisco Bachiller

TITLE
Executive Chairman of Corporate & Investment Banking and Co-Head of CIB
TENURE
1 yrs

Jessica Spina

TITLE
Head of Group Investor Relations & Strategic Corporate Development

Antonio Guglielmi

TITLE
Head of European Equity Research

Adam Bolek

TITLE
Head of Germany Unit
TENURE
6.3 yrs

Matteo Maralla

TITLE
Head of Equity Capital Markets Syndicate

Ulrich Paefgen

TITLE
Vice Chairman of Strategic Development for Europe
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Mediobanca Banca di Credito Finanziario board of directors in years:

6.1
Average Tenure
68
Average Age
  • The tenure for the Mediobanca Banca di Credito Finanziario board of directors is about average.
Board of Directors

Renato Pagliaro

TITLE
Chairman
COMPENSATION
€2M
AGE
61
TENURE
9 yrs

Alberto Nagel

TITLE
CEO & Director
COMPENSATION
€4M
AGE
53
TENURE
10.6 yrs

Maurizia Comneno

TITLE
Deputy Chairman of the Board
COMPENSATION
€225K
AGE
70
TENURE
4.6 yrs

Alberto Pecci

TITLE
Deputy Chairman of the Board
COMPENSATION
€154K
AGE
75
TENURE
1.6 yrs

Francesco Vinci

TITLE
GM & Director
COMPENSATION
€3M
AGE
56
TENURE
10.6 yrs

Elisabetta Magistretti

TITLE
Director
COMPENSATION
€210K
AGE
71
TENURE
7.6 yrs

Natale Freddi

TITLE
Chairman of Statutory Audit Committee
COMPENSATION
€133K
AGE
66
TENURE
7.6 yrs

Maurizio Carfagna

TITLE
Director
COMPENSATION
€210K
AGE
71
TENURE
4.6 yrs

Maurizio Costa

TITLE
Director
COMPENSATION
€130K
AGE
70
TENURE
4.6 yrs

Gabriele Villa

TITLE
Director
COMPENSATION
€128K
AGE
54
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Mediobanca Banca di Credito Finanziario insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. May 19 Sell Renato Pagliaro Individual 10. May 19 10. May 19 -100,000 €9.19 €-916,458
25. Mar 19 Buy Maurizio Carfagna Individual 14. Mar 19 22. Mar 19 1,050,000 €9.29 €9,462,975
27. Dec 18 Buy Maurizio Carfagna Individual 21. Dec 18 21. Dec 18 10,000 €7.31 €73,052
05. Dec 18 Sell Francesco Vinci Individual 30. Nov 18 03. Dec 18 -30,720 €7.92 €-237,918
05. Dec 18 Sell Gian Sichel Individual 30. Nov 18 03. Dec 18 -16,956 €7.92 €-131,102
05. Dec 18 Sell Alberto Nagel Individual 30. Nov 18 03. Dec 18 -49,864 €7.92 €-386,095
X
Management checks
We assess Mediobanca Banca di Credito Finanziario's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mediobanca Banca di Credito Finanziario has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can We See Significant Institutional Ownership On The Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) Share Register?

If you want to know who really controls Mediobanca Banca di Credito Finanziario S.p.A. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of €8.3b, Mediobanca Banca di Credito Finanziario is rather large.

Simply Wall St -

Is Now The Time To Look At Buying Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB)?

Mediobanca Banca di Credito Finanziario S.p.A. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Mediobanca Banca di Credito Finanziario’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Have Insiders Been Buying Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Mediobanca Banca di Credito Finanziario S.p.A. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … The Last 12 Months Of Insider Transactions At Mediobanca Banca di Credito Finanziario.

Simply Wall St -

Should You Be Concerned About Mediobanca Banca di Credito Finanziario S.p.A.’s (BIT:MB) Liquidity?

As a small-cap bank stock with a market capitalisation of €7.9b, Mediobanca Banca di Credito Finanziario S.p.A.’s (BIT:MB) risk and profitability are largely determined by the underlying economic growth of the IT regions in which it operates. … High liquidity and low leverage could position Mediobanca Banca di Credito Finanziario favourably at the face of macro headwinds. … See our latest analysis for Mediobanca Banca di Credito Finanziario

Simply Wall St -

Should You Be Tempted To Sell Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) Because Of Its P/E Ratio?

To keep it practical, we'll show how Mediobanca Banca di Credito Finanziario S.p.A.'s (BIT:MB) P/E ratio could help you assess the value on offer. … Mediobanca Banca di Credito Finanziario has a price to earnings ratio of 8.97, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) A Smart Pick For Income Investors?

Historically, Mediobanca Banca di Credito Finanziario S.p.A. … Does Mediobanca Banca di Credito Finanziario tick all the boxes of a great dividend stock? … Check out our latest analysis for Mediobanca Banca di Credito Finanziario

Simply Wall St -

Is Mediobanca Banca di Credito Finanziario S.p.A.'s (BIT:MB) CEO Pay Justified?

In 2008 Alberto Nagel was appointed CEO of Mediobanca Banca di Credito Finanziario S.p.A. … Check out our latest analysis for Mediobanca Banca di Credito Finanziario? … How Does Alberto Nagel's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Selling Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Mediobanca Banca di Credito Finanziario S.p.A. … Mediobanca Banca di Credito Finanziario Insider Transactions Over The Last Year. … In total, Mediobanca Banca di Credito Finanziario insiders sold more than they bought over the last year

Simply Wall St -

What Makes Mediobanca Banca di Credito Finanziario SpA (BIT:MB) A Hard Investment?

As a small-cap finance stock with a market capitalisation of €6.9b, the risk and profitability of Mediobanca Banca di Credito Finanziario SpA (BIT:MB) are largely tied to the underlying economic growth of the region it operates in IT. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Mediobanca Banca di Credito Finanziario to vulnerabilities. … High liquidity and low leverage could position Mediobanca Banca di Credito Finanziario favourably at the face of macro headwinds.

Simply Wall St -

Interested In Mediobanca Banca di Credito Finanziario SpA (BIT:MB)’s Upcoming €0.47 Dividend? You Have 4 Days Left

Investors who want to cash in on Mediobanca Banca di Credito Finanziario SpA's (BIT:MB) upcoming dividend of €0.47 per share have only 4 days left to buy the shares before its ex-dividend date, 19 November 2018, in time for dividends payable on the 21 November 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Mediobanca Banca di Credito Finanziario's latest financial data to analyse its dividend attributes. … See our latest analysis for Mediobanca Banca di Credito Finanziario?

Simply Wall St -

Company Info

Description

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 & Investment Banking, Consumer Banking, Wealth Management, Principal Investing, and Holding Functions. The Corporate & Investment Banking segment offers wholesale banking services, including lending, advisory, capital market, and proprietary trading services; and specialty finance services, such as factoring and credit management, as well as non-performing loans to corporate clients. The Consumer Banking segment provides a range of consumer credit products comprising personal loans and salary-backed finances; asset finance services for cars and motorcycles, consumer electronics, furniture, and travel; payment services that include credit cards; and home insurance products to retail clients. The Wealth Management segment offers asset management and other services to private clients and high net worth individuals, and affluent and premier customers. The Principal Investing segment engages in the equity investment and holding activities. The Holding Functions segment offers leasing and treasury, and asset and liquidity management services. The company was founded in 1946 and is headquartered in Milan, Italy.

Details
Name: Mediobanca Banca di Credito Finanziario S.p.A.
MB
Exchange: BIT
Founded: 1946
€7,743,776,551
870,087,253
Website: http://www.mediobanca.com
Address: Mediobanca Banca di Credito Finanziario S.p.A.
Piazzetta Enrico Cuccia 1,
Milan,
Milan, 20121,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT MB Ordinary Registered Shares Borsa Italiana IT EUR 02. Jan 1992
OTCPK MDIB.F Ordinary Registered Shares Pink Sheets LLC US USD 02. Jan 1992
DB ME9 Ordinary Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0HBF Ordinary Registered Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG MB Ordinary Registered Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE MBM Ordinary Registered Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK MDIB.Y UNSPONSORED ADR Pink Sheets LLC US USD 27. Oct 2008
Number of employees
Current staff
Staff numbers
4,709
Mediobanca Banca di Credito Finanziario employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 20:54
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.