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BFF Bank S.p.A.BIT:BFF Stock Report

Market Cap €2.0b
Share Price
€10.46
My Fair Value
n/a
1Y14.3%
7D1.5%
Portfolio Value
​
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BFF Bank S.p.A.

BIT:BFF Stock Report

Market Cap: €2.0b

BFF Bank (BFF) Stock Overview

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain. More details

BFF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends4/6

Rewards

Trading at 26.6% below our estimate of its fair value

Earnings are forecast to grow 16.61% per year

Risk Analysis

Profit margins (32.3%) are lower than last year (49.5%)

Has a high level of debt

Unstable dividend track record


BFF Community Fair Values

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See what 30 others think this stock is worth. Follow their fair value or set your own to get alerts.

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BFF Bank

European Expansion And Digital Upgrades Will Unlock Future Potential

Key Takeaways Geographic expansion and diversified funding lower concentration risk and enable BFF Bank to capitalize on growing healthcare and public sector financing demand across Europe. Investments in digital infrastructure and reductions in non-performing loans position BFF Bank for improved operational efficiency, asset quality, and sustained profitability.
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€11.44
FV
8.5% undervalued intrinsic discount
11.30%
Revenue growth p.a.
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0users have commented on this narrative
13users have followed this narrative
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BFF Bank

Digital Disruption And Regulatory Pressures Will Erode Factoring Margins

Key Takeaways Growing digital disruption and alternative finance platforms threaten core business and could erode future revenue growth as clients bypass traditional solutions. High public sector and regional concentration heightens exposure to credit risk, policy changes, and market volatility, limiting diversification and stability.
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€7.7
FV
35.8% overvalued intrinsic discount
-1.30%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
BFF logo
BFF Bank

Digitalization And European Healthcare Demand Will Boost Factoring Activity

Key Takeaways New contracts, geographic expansion, and digitalization are set to accelerate revenue growth, lower costs, and increase operational efficiency beyond market expectations. Rising European demand and BFF's ability to cross-sell integrated solutions position the bank for ongoing high-margin, recurring revenue and faster-than-expected earnings improvement.
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€13
FV
19.5% undervalued intrinsic discount
6.83%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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BFF Bank S.p.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for BFF Bank
Historical stock prices
Current Share Price€10.46
52 Week High€11.69
52 Week Low€6.14
Beta0.84
1 Month Change-3.15%
3 Month Change-0.29%
1 Year Change14.32%
3 Year Change41.35%
5 Year Change142.41%
Change since IPO152.66%

Recent News & Updates

BFF Bank S.p.A. (BIT:BFF) Screens Well But There Might Be A Catch

Oct 26
BFF Bank S.p.A. (BIT:BFF) Screens Well But There Might Be A Catch

Recent updates

BFF Bank S.p.A. (BIT:BFF) Screens Well But There Might Be A Catch

Oct 26
BFF Bank S.p.A. (BIT:BFF) Screens Well But There Might Be A Catch
User avatar

Italian Factoring Recovery And Greek Deposits Will Strengthen Future Liquidity

Recovery in factoring and strategic expansion in Greece are enhancing BFF Bank's revenue growth and liquidity position.

Some BFF Bank S.p.A. (BIT:BFF) Analysts Just Made A Major Cut To Next Year's Estimates

Feb 16
Some BFF Bank S.p.A. (BIT:BFF) Analysts Just Made A Major Cut To Next Year's Estimates

BFF Bank S.p.A.'s (BIT:BFF) Business And Shares Still Trailing The Market

Sep 30
BFF Bank S.p.A.'s (BIT:BFF) Business And Shares Still Trailing The Market

Investors Give BFF Bank S.p.A. (BIT:BFF) Shares A 26% Hiding

May 31
Investors Give BFF Bank S.p.A. (BIT:BFF) Shares A 26% Hiding

BFF Bank S.p.A. (BIT:BFF) Not Lagging Market On Growth Or Pricing

Apr 16
BFF Bank S.p.A. (BIT:BFF) Not Lagging Market On Growth Or Pricing

If EPS Growth Is Important To You, BFF Bank (BIT:BFF) Presents An Opportunity

Sep 01
If EPS Growth Is Important To You, BFF Bank (BIT:BFF) Presents An Opportunity

Here's Why We Think BFF Bank (BIT:BFF) Might Deserve Your Attention Today

May 23
Here's Why We Think BFF Bank (BIT:BFF) Might Deserve Your Attention Today

BFF Bank's (BIT:BFF) Shareholders Will Receive A Smaller Dividend Than Last Year

Apr 05
BFF Bank's (BIT:BFF) Shareholders Will Receive A Smaller Dividend Than Last Year

BFF Bank (BIT:BFF) Will Pay A Smaller Dividend Than Last Year

Mar 12
BFF Bank (BIT:BFF) Will Pay A Smaller Dividend Than Last Year

Do BFF Bank's (BIT:BFF) Earnings Warrant Your Attention?

Apr 05
Do BFF Bank's (BIT:BFF) Earnings Warrant Your Attention?

New Forecasts: Here's What Analysts Think The Future Holds For BFF Bank S.p.A. (BIT:BFF)

Feb 01
New Forecasts: Here's What Analysts Think The Future Holds For BFF Bank S.p.A. (BIT:BFF)

With EPS Growth And More, BFF Bank (BIT:BFF) Is Interesting

Nov 29
With EPS Growth And More, BFF Bank (BIT:BFF) Is Interesting

Banca Farmafactoring (BIT:BFF) Shareholders Have Enjoyed A 34% Share Price Gain

Mar 11
Banca Farmafactoring (BIT:BFF) Shareholders Have Enjoyed A 34% Share Price Gain

Analysts Have Made A Financial Statement On Banca Farmafactoring S.p.A.'s (BIT:BFF) Yearly Report

Feb 13
Analysts Have Made A Financial Statement On Banca Farmafactoring S.p.A.'s (BIT:BFF) Yearly Report

Should Income Investors Look At Banca Farmafactoring S.p.A. (BIT:BFF) Before Its Ex-Dividend?

Jan 27
Should Income Investors Look At Banca Farmafactoring S.p.A. (BIT:BFF) Before Its Ex-Dividend?

What Kind Of Shareholders Hold The Majority In Banca Farmafactoring S.p.A.'s (BIT:BFF) Shares?

Jan 03
What Kind Of Shareholders Hold The Majority In Banca Farmafactoring S.p.A.'s (BIT:BFF) Shares?

A Look At Banca Farmafactoring's (BIT:BFF) Share Price Returns

Dec 07
A Look At Banca Farmafactoring's (BIT:BFF) Share Price Returns

Shareholder Returns

BFFIT Diversified FinancialIT Market
7D1.5%0.3%0.6%
1Y14.3%18.6%24.8%

Return vs Industry: BFF underperformed the Italian Diversified Financial industry which returned 17.6% over the past year.

Return vs Market: BFF underperformed the Italian Market which returned 24.3% over the past year.

Price Volatility

Is BFF's price volatile compared to industry and market?
BFF volatility
BFF Average Weekly Movement3.0%
Diversified Financial Industry Average Movement3.2%
Market Average Movement4.1%
10% most volatile stocks in IT Market7.7%
10% least volatile stocks in IT Market2.3%

Stable Share Price: BFF has not had significant price volatility in the past 3 months compared to the Italian market.

Volatility Over Time: BFF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985873Max Belingheriwww.bff.com

BFF Bank S.p.A. engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain. It operates through three segments: Factoring & Lending, Securities Services, and Payment Services. The Factoring & Lending segment offers non-recourse factoring, lending, and credit management services to public sector suppliers and public administration bodies.

BFF Bank S.p.A. Fundamentals Summary

How do BFF Bank's earnings and revenue compare to its market cap?
BFF fundamental statistics
Market cap€1.97b
Earnings (TTM)€124.31m
Revenue (TTM)€384.46m
15.9x
P/E Ratio
5.1x
P/S Ratio

Is BFF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BFF income statement (TTM)
Revenue€384.46m
Cost of Revenue€35.72m
Gross Profit€348.74m
Other Expenses€224.43m
Earnings€124.31m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 10, 2025

Earnings per share (EPS)0.66
Gross Margin90.71%
Net Profit Margin32.33%
Debt/Equity Ratio304.2%

How did BFF perform over the long term?

See historical performance and comparison

Dividends

10.3%
Current Dividend Yield
39%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/03 10:47
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BFF Bank S.p.A. is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gabriele VenturiBanca Akros S.p.A. (ESN)
Michele BaldelliBNP Paribas
Antonio RealeBofA Global Research