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IF

Banca IFIS BIT:IF Stock Report

Last Price

€14.35

Market Cap

€757.1m

7D

0.5%

1Y

4.7%

Updated

26 Jun, 2022

Data

Company Financials +
IF fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends5/6

IF Stock Overview

Banca IFIS S.p.A. provides credit services and solutions for enterprises.

Banca IFIS Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Banca IFIS
Historical stock prices
Current Share Price€14.35
52 Week High€22.16
52 Week Low€12.57
Beta1.71
1 Month Change-17.20%
3 Month Change-23.87%
1 Year Change4.75%
3 Year Change20.89%
5 Year Change-59.66%
Change since IPO88.01%

Recent News & Updates

May 18
Banca IFIS (BIT:IF) Is Increasing Its Dividend To €0.95

Banca IFIS (BIT:IF) Is Increasing Its Dividend To €0.95

Banca IFIS S.p.A.'s ( BIT:IF ) dividend will be increasing to €0.95 on 25th of May. This takes the dividend yield from...

Shareholder Returns

IFIT Diversified FinancialIT Market
7D0.5%2.4%1.1%
1Y4.7%-12.0%-15.6%

Return vs Industry: IF exceeded the Italian Diversified Financial industry which returned -12% over the past year.

Return vs Market: IF exceeded the Italian Market which returned -15.6% over the past year.

Price Volatility

Is IF's price volatile compared to industry and market?
IF volatility
IF Average Weekly Movement4.5%
Diversified Financial Industry Average Movement4.6%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.2%
10% least volatile stocks in IT Market3.3%

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

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

About the Company

FoundedEmployeesCEOWebsite
19831,840Frederik Geertmanhttps://www.bancaifis.it

Banca IFIS S.p.A. provides credit services and solutions for enterprises. It engages in the purchase/management of non-performing loan portfolios. It offers factoring, advisory and equity investment, structured finance, leasing, and long-term financing for industrial investments.

Banca IFIS Fundamentals Summary

How do Banca IFIS's earnings and revenue compare to its market cap?
IF fundamental statistics
Market Cap€757.08m
Earnings (TTM)€115.41m
Revenue (TTM)€552.54m

6.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IF income statement (TTM)
Revenue€552.54m
Cost of Revenue€0
Gross Profit€552.54m
Other Expenses€437.13m
Earnings€115.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 04, 2022

Earnings per share (EPS)2.19
Gross Margin100.00%
Net Profit Margin20.89%
Debt/Equity Ratio298.2%

How did IF perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

44%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 IF?

Other financial metrics that can be useful for relative valuation.

IF 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 Ratio0.6x

Price to Earnings Ratio vs Peers

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

IF PE Ratio vs Peers
The above table shows the PE ratio for IF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.6x

Price-To-Earnings vs Peers: IF is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (30.6x).


Price to Earnings Ratio vs Industry

How does IF's PE Ratio compare vs other companies in the Diversified Financial Industry?

Price-To-Earnings vs Industry: IF is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Italian Diversified Financial industry average (12.3x)


Price to Earnings Ratio vs Fair Ratio

What is IF'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.

IF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: IF is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).


Share Price vs Fair Value

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

Below Fair Value: IF (€14.35) is trading below our estimate of fair value (€34.31)

Significantly Below Fair Value: IF is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: IF is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Banca IFIS forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IF's forecast earnings growth (11.2% per year) is above the savings rate (1.7%).

Earnings vs Market: IF's earnings (11.2% per year) are forecast to grow faster than the Italian market (10.2% per year).

High Growth Earnings: IF's earnings are forecast to grow, but not significantly.

Revenue vs Market: IF's revenue (5.3% per year) is forecast to grow faster than the Italian market (0.3% per year).

High Growth Revenue: IF's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IF's Return on Equity is forecast to be low in 3 years time (8.1%).


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Past Performance

How has Banca IFIS 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


-48.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IF has high quality earnings.

Growing Profit Margin: IF's current net profit margins (20.9%) are higher than last year (15.6%).


Past Earnings Growth Analysis

Earnings Trend: IF's earnings have declined by 48.3% per year over the past 5 years.

Accelerating Growth: IF's earnings growth over the past year (84.7%) exceeds its 5-year average (-48.3% per year).

Earnings vs Industry: IF earnings growth over the past year (84.7%) exceeded the Diversified Financial industry 40%.


Return on Equity

High ROE: IF's Return on Equity (7.1%) is considered low.


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Financial Health

How is Banca IFIS'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: IF's Assets to Equity ratio (7.9x) is low.

Allowance for Bad Loans: IF has a low allowance for bad loans (16%).

Low Risk Liabilities: 51% of IF's liabilities are made up of primarily low risk sources of funding.

Loan Level: IF has an appropriate level of Loans to Assets ratio (80%).

Low Risk Deposits: IF's Loans to Deposits ratio (180%) is high.

Level of Bad Loans: IF has a high level of bad loans (16.8%).


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Dividend

What is Banca IFIS 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


6.62%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IF's dividend (6.62%) is higher than the bottom 25% of dividend payers in the Italian market (1.71%).

High Dividend: IF's dividend (6.62%) is in the top 25% of dividend payers in the Italian market (5.19%)


Stability and Growth of Payments

Stable Dividend: IF's dividend payments have been volatile in the past 10 years.

Growing Dividend: IF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (44%), IF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IF's dividends in 3 years are forecast to be covered by earnings (50.8% payout ratio).


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Management

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

2.4yrs

Average management tenure


CEO

Frederik Geertman (50 yo)

1.17yrs

Tenure

Mr. Frederik Herman Geertman serves as Director of Banca IFIS SpA since February 11, 2021 and serves as its Chief Executive Officer since April 22, 2021. Mr. Geertman served as the Chief Commercial Officer...


Leadership Team

Experienced Management: IF's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: IF's board of directors are considered experienced (3.2 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

Banca IFIS S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Banca IFIS S.p.A.
  • Ticker: IF
  • Exchange: BIT
  • Founded: 1983
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: €757.085m
  • Shares outstanding: 52.76m
  • Website: https://www.bancaifis.it

Number of Employees


Location

  • Banca IFIS S.p.A.
  • Via Terraglio 63
  • Mestre
  • Venice
  • 30174
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.