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
Established dividend payer and fair value.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.1%
MB
8.0%
IT Banks
4.6%
IT Market
1 Year Return
-41.7%
MB
-33.9%
IT Banks
-22.0%
IT Market
Return vs Industry: MB underperformed the Italian Banks industry which returned -32.8% over the past year.
Return vs Market: MB underperformed the Italian Market which returned -22.7% over the past year.
Shareholder returns
| MB | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.1% | 8.0% | 4.6% |
| 30 Day | -6.7% | -10.3% | -1.4% |
| 90 Day | -44.0% | -37.8% | -26.2% |
| 1 Year | -39.1%-41.7% | -30.2%-33.9% | -18.6%-22.0% |
| 3 Year | -17.7%-28.9% | -29.1%-36.1% | -6.9%-16.3% |
| 5 Year | -19.4%-35.0% | -56.2%-72.9% | -20.1%-48.5% |
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
4 days ago | Simply Wall St
How Much Of Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) Do Insiders Own?3 weeks ago | Simply Wall St
Should You Think About Buying Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) Now?1 month ago | Simply Wall St
Does Mediobanca Banca di Credito Finanziario S.p.A.'s (BIT:MB) CEO Salary Compare Well With Others?Valuation
Is Mediobanca Banca di Credito Finanziario undervalued compared to its fair value and its price relative to the market?
14.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MB (€5.54) is trading below our estimate of fair value (€6.44)
Significantly Below Fair Value: MB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MB is good value based on its PE Ratio (5.8x) compared to the Banks industry average (6.1x).
PE vs Market: MB is good value based on its PE Ratio (5.8x) compared to the Italian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: MB is poor value based on its PEG Ratio (4.6x)
Price to Book Ratio
PB vs Industry: MB is overvalued based on its PB Ratio (0.5x) 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 8 analysts?
1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MB's forecast earnings growth (1.2% per year) is above the savings rate (1.2%).
Earnings vs Market: MB's earnings (1.2% per year) are forecast to grow slower than the Italian market (11.6% per year).
High Growth Earnings: MB's earnings are forecast to grow, but not significantly.
Revenue vs Market: MB's revenue (3% per year) is forecast to grow faster than the Italian market (-0.2% per year).
High Growth Revenue: MB's revenue (3% 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 (7.5%).
Next Steps
Past Performance
How has Mediobanca Banca di Credito Finanziario performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MB has high quality earnings.
Growing Profit Margin: MB's current net profit margins (37.3%) are lower than last year (38.5%).
Past Earnings Growth Analysis
Earnings Trend: MB's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: MB's earnings growth over the past year (0.2%) is below its 5-year average (10.1% per year).
Earnings vs Industry: MB earnings growth over the past year (0.2%) underperformed the Banks industry 6.9%.
Return on Equity
High ROE: MB's Return on Equity (8.1%) is considered low.
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
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 (4.13%)
Next Steps
Dividend
What is Mediobanca Banca di Credito Finanziario's current dividend yield, its reliability and sustainability?
8.48%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MB's dividend (8.48%) is higher than the bottom 25% of dividend payers in the Italian market (2.2%).
High Dividend: MB's dividend (8.48%) is in the top 25% of dividend payers in the Italian market (5.56%)
Stability and Growth of Payments
Stable Dividend: MB's dividend payments have been volatile in the past 10 years.
Growing Dividend: MB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49%), 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 (61.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.2yrs
Average management tenure
CEO
Alberto Nagel (54yo)
11.5s
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 ($USD3.60M) is above average for companies of similar size in the Italian market ($USD2.61M).
Compensation vs Earnings: Alberto's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11.5yrs | €3.31m | 0.32% €15.6m | |
| GM & Director | 11.5yrs | €3.38m | 0.12% €6.0m | |
| Head of Company Financial Reporting | no data | no data | no data | |
| Head of the Principal Investing Division and Central Manager | 9.92yrs | no data | no data | |
| Executive Chairman of Corporate & Investment Banking and Co-Head of CIB | 1.92yrs | no data | no data | |
| Head of Group Investor Relations & Strategic Corporate Development | no data | no data | no data | |
| Head of CIB Rome & Public Institutions and Head of European Equity Research | no data | no data | no data | |
| Head of Germany Unit | 7.17yrs | no data | no data | |
| Head of Equity Capital Markets Syndicate | no data | no data | no data | |
| Vice Chairman of Strategic Development for Europe | 7.17yrs | no data | no data |
7.2yrs
Average Tenure
55yo
Average Age
Experienced Management: MB's management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11.5yrs | €3.31m | 0.32% €15.6m | |
| GM & Director | 11.5yrs | €3.38m | 0.12% €6.0m | |
| Deputy Chairman of the Board | 5.5yrs | €225.00k | no data | |
| Independent Director | 8.5yrs | €220.00k | no data | |
| Deputy Chairman of the Board | 2.5yrs | €165.00k | 0.54% €25.9m | |
| Independent Director | 5.5yrs | €125.00k | no data | |
| Chairman | 9.92yrs | €2.25m | 0.23% €11.1m | |
| Independent Director | 5.5yrs | €220.00k | 0.27% €13.0m | |
| Independent Director | 2.5yrs | €190.00k | no data | |
| Chairman of Statutory Audit Committee | 8.5yrs | €133.43k | no data |
7.0yrs
Average Tenure
69yo
Average Age
Experienced Board: MB's board of directors are considered experienced (7 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: €4.812b
- Shares outstanding: 868.31m
- 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 & 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 portfolio acquisitions and management. 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 operates treasury and ALM operations. The company was founded in 1946 and is headquartered in Milan, Italy.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/10 01:05 |
| End of Day Share Price | 2020/04/09 00:00 |
| Earnings | 2019/12/31 |
| 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.