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MB

Mediobanca Banca di Credito Finanziario BIT:MB Stock Report

Last Price

€8.26

Market Cap

€7.0b

7D

-2.2%

1Y

-16.3%

Updated

30 Jun, 2022

Data

Company Financials +
MB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends5/6

MB Stock Overview

Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally.

Mediobanca Banca di Credito Finanziario Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mediobanca Banca di Credito Finanziario
Historical stock prices
Current Share Price€8.26
52 Week High€10.88
52 Week Low€7.17
Beta1.52
1 Month Change-13.57%
3 Month Change-12.06%
1 Year Change-16.28%
3 Year Change-12.82%
5 Year Change-6.69%
Change since IPO-2.36%

Recent News & Updates

Jun 08
If You Like EPS Growth Then Check Out Mediobanca Banca di Credito Finanziario (BIT:MB) Before It's Too Late

If You Like EPS Growth Then Check Out Mediobanca Banca di Credito Finanziario (BIT:MB) Before It's Too Late

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

MBIT BanksIT Market
7D-2.2%-4.4%-1.0%
1Y-16.3%-18.9%-17.4%

Return vs Industry: MB underperformed the Italian Banks industry which returned -14% over the past year.

Return vs Market: MB underperformed the Italian Market which returned -15% over the past year.

Price Volatility

Is MB's price volatile compared to industry and market?
MB volatility
MB Average Weekly Movement4.2%
Banks Industry Average Movement4.6%
Market Average Movement5.0%
10% most volatile stocks in IT Market7.4%
10% least volatile stocks in IT Market3.4%

Stable Share Price: MB is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19464,965Alberto Nagelhttps://www.mediobanca.com

Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally. The company operates through Wealth Management, Consumer Banking, Corporate and Investment Banking, Principal Investing, and Holding Functions segments. The Wealth Management segment offers asset management and other services to private clients, and affluent and premier customers.

Mediobanca Banca di Credito Finanziario Fundamentals Summary

How do Mediobanca Banca di Credito Finanziario's earnings and revenue compare to its market cap?
MB fundamental statistics
Market Cap€6.99b
Earnings (TTM)€919.58m
Revenue (TTM)€2.47b

7.6x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MB income statement (TTM)
Revenue€2.47b
Cost of Revenue€0
Gross Profit€2.47b
Other Expenses€1.55b
Earnings€919.58m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 29, 2022

Earnings per share (EPS)1.09
Gross Margin100.00%
Net Profit Margin37.28%
Debt/Equity Ratio279.1%

How did MB perform over the long term?

See historical performance and comparison

Dividends

8.0%

Current Dividend Yield

61%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 MB?

Other financial metrics that can be useful for relative valuation.

MB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-9.2x

Price to Earnings Ratio vs Peers

How does MB's PE Ratio compare to its peers?

MB PE Ratio vs Peers
The above table shows the PE ratio for MB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.6x
FBK FinecoBank Banca Fineco
17x12.2%€7.0b
BAMI Banco BPM
6.3x16.1%€4.1b
UCG UniCredit
22.1x26.5%€19.1b
CE Credito Emiliano
4.9x-0.4%€1.8b
MB Mediobanca Banca di Credito Finanziario
7.6x-0.8%€7.0b

Price-To-Earnings vs Peers: MB is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (12.6x).


Price to Earnings Ratio vs Industry

How does MB's PE Ratio compare vs other companies in the European Banks Industry?

Price-To-Earnings vs Industry: MB is expensive based on its Price-To-Earnings Ratio (7.6x) compared to the Italian Banks industry average (6.6x)


Price to Earnings Ratio vs Fair Ratio

What is MB'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.

MB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: MB is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).


Share Price vs Fair Value

What is the Fair Price of MB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MB (€8.26) is trading above our estimate of fair value (€6.52)

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


Price to Earnings Growth Ratio

PEG Ratio: MB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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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?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MB's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: MB's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: MB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MB's revenue (3.1% per year) is forecast to grow faster than the Italian market (0.4% per year).

High Growth Revenue: MB's revenue (3.1% 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 (7.9%).


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Past Performance

How has Mediobanca Banca di Credito Finanziario 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


-0.6%

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 higher than last year (30%).


Past Earnings Growth Analysis

Earnings Trend: MB's earnings have declined by 0.6% per year over the past 5 years.

Accelerating Growth: MB's earnings growth over the past year (41%) exceeds its 5-year average (-0.6% per year).

Earnings vs Industry: MB earnings growth over the past year (41%) exceeded the Banks industry 35.8%.


Return on Equity

High ROE: MB's Return on Equity (8.3%) is considered low.


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Financial Health

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

Financial Health Score

3/6

Financial 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: MB's Assets to Equity ratio (7.9x) is low.

Allowance for Bad Loans: Insufficient data to determine if MB has a sufficient allowance for bad loans.

Low Risk Liabilities: 64% of MB's liabilities are made up of primarily higher risk sources of funding.

Loan Level: MB has an appropriate level of Loans to Assets ratio (58%).

Low Risk Deposits: MB's Loans to Deposits ratio (181%) is high.

Level of Bad Loans: MB has an appropriate level of bad loans (0.9%).


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MB's dividend (7.99%) is higher than the bottom 25% of dividend payers in the Italian market (1.71%).

High Dividend: MB's dividend (7.99%) is in the top 25% of dividend payers in the Italian market (5.19%)


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

Earnings Coverage: With its reasonable payout ratio (60.7%), MB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MB's dividends in 3 years are forecast to be covered by earnings (72.1% payout ratio).


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Management

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

9.3yrs

Average management tenure


CEO

Alberto Nagel (56 yo)

13.67yrs

Tenure

€4,007,394

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

Compensation vs Earnings: Alberto's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MB's management team is seasoned and experienced (9.3 years average tenure).


Board Members

Experienced Board: MB's board of directors are considered experienced (7.7 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.


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 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
  • Implied Market Cap: €6.988b
  • Shares outstanding: 846.25m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.