OTCPK:BNCZ.F

Stock Analysis Report

Banco BPM Società per Azioni

Executive Summary

Banco BPM Società per Azioni, through its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Banco BPM Società per Azioni's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

BNCZ.F

1.4%

US Banks

1.0%

US Market


1 Year Return

n/a

BNCZ.F

0.2%

US Banks

6.7%

US Market

Return vs Industry: Insufficient data to determine how BNCZ.F performed against the US Banks industry.

Return vs Market: Insufficient data to determine how BNCZ.F performed against the US Market.


Share holder returns

BNCZ.FIndustryMarket
7 Day0%1.4%1.0%
30 Day0%-2.6%-1.8%
90 Dayn/a0.8%-1.8%
1 Yearn/a3.1%0.2%9.1%6.7%
3 Yearn/a52.0%41.5%46.1%36.6%
5 Yearn/a69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Banco BPM Società per Azioni's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Banco BPM Società per Azioni undervalued based on future cash flows and its price relative to the stock market?

16.8x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: BNCZ.F ($1.96) is trading above our estimate of fair value ($1.34)

Significantly Undervalued: BNCZ.F is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: BNCZ.F is poor value based on its PE Ratio (16.8x) compared to the Banks industry average (12.5x).

PE vs Market: BNCZ.F is good value based on its PE Ratio (16.8x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: BNCZ.F is poor value based on its PEG Ratio (6.6x)


Price Based on Value of Assets

PB vs Industry: BNCZ.F is good value based on its PB Ratio (0.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Banco BPM Società per Azioni expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: BNCZ.F's forecast earnings growth (2.6% per year) is below the savings rate (2.7%).

Earnings vs Market: BNCZ.F's earnings (2.6% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: BNCZ.F's revenue (2.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BNCZ.F's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: BNCZ.F's Return on Equity is forecast to be low in 3 years time (5.3%).


Next Steps

Past Performance

How has Banco BPM Società per Azioni performed over the past 5 years?

31.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BNCZ.F has become profitable over the past 5 years, growing earnings by 31.1% per year.

Accelerating Growth: BNCZ.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BNCZ.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (31.8%).


Return on Equity

High ROE: BNCZ.F's Return on Equity (1.5%) is considered low.


Return on Assets

ROA vs Industry: BNCZ.F's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BNCZ.F's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Banco BPM Società per Azioni'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

Inventory Level: BNCZ.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: BNCZ.F's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: BNCZ.F's level of assets compared to its equity is moderate.

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

Low Risk Liabilities: BNCZ.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: BNCZ.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BNCZ.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: BNCZ.F has a high level of bad loans (8.91%)


Next Steps

Dividend

What is Banco BPM Società per Azioni's current dividend yield, its reliability and sustainability?

4.66%

Expected Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years4.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate BNCZ.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BNCZ.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if BNCZ.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BNCZ.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BNCZ.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Banco BPM Società per Azioni's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average board tenure


CEO

Giuseppe Castagna (60yo)

2.8yrs

Tenure

0

Mr. Giuseppe Castagna serves as a Director of ALETTI & C. Banca di Investimento Mobiliare SpA since 2018. Mr. Castagna was Managing Director and General Manager of Banca Popolare di Milano S.c.ar.l from Ja ...


Board Age and Tenure

2.8yrs

Average Tenure

57.5yo

Average Age

Experienced Board: BNCZ.F's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Domenico De Angelis (55yo)

    Co-General Manager

    • Tenure: 0yrs
    • Compensation: €879.18k
  • Giuseppe Castagna (60yo)

    CEO & Director

    • Tenure: 2.8yrs
  • Francesco Minotti

    Head of Institutions

    • Tenure: 0yrs
  • Gianpietro Val (59yo)

    Head of Administration & Financial Statements

    • Tenure: 0yrs
  • Roberto Speziotto

    Head of Human Resources

    • Tenure: 0yrs
  • Antonia Cosenz

    Head of Legal & Regulatory Affairs

    • Tenure: 0yrs
  • Matteo Cidda

    Head of Communication

    • Tenure: 0yrs
  • Roberto Peronaglio

    Head of Investor Relations

    • Tenure: 0yrs
  • Edoardo Ginevra

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Giovanni Sordello

    Head of Operations

    • Tenure: 0yrs

Board Members

  • Fabio Ravanelli (49yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: €98.40k
  • Carlo Pasini (63yo)

    Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: €469.20k
  • Maurizio Comoli (61yo)

    Deputy Chairman

    • Tenure: 2.8yrs
    • Compensation: €266.10k
  • Mauro Paoloni (59yo)

    Deputy Vice-Chairman

    • Tenure: 0yrs
  • Guido Castellotti (72yo)

    Deputy Chairman

    • Tenure: 2.8yrs
    • Compensation: €267.30k
  • Giuseppe Castagna (60yo)

    CEO & Director

    • Tenure: 2.8yrs
  • Marcello Priori (55yo)

    Chairman of Board of Statutory Auditors

    • Tenure: 0yrs
  • Mario Anolli (56yo)

    Director

    • Tenure: 2.8yrs
  • Giulio Pedrollo (47yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: €97.80k
  • Cristina Galeotti (52yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: €97.20k

Company Information

Banco BPM Società per Azioni's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco BPM Società per Azioni
  • Ticker: BNCZ.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €3.027b
  • Listing Market Cap: €3.345b
  • Shares outstanding: 1.51b
  • Website: https://www.bancobpm.it

Number of Employees


Location

  • Banco BPM Società per Azioni
  • Piazza Nogara, 2
  • Verona
  • Verona
  • 37121
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RLALSE (London Stock Exchange)YesCommon SharesGBEURJan 2017
BAMIBIT (Borsa Italiana)YesCommon SharesITEURJan 2017
BPMDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 2017
BAMIMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 2017
BNCZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2017
BAMIWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 2017

Biography

Banco BPM Società per Azioni, through its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. The company operates through Retail,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:30
End of Day Share Price2019/09/03 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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