OTCPK:FCBB.F

Stock Analysis Report

FinecoBank Banca Fineco

Executive Summary

FinecoBank Banca Fineco S.p.A. provides banking and investment products and services in Italy and internationally.

Snowflake

Fundamentals

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has FinecoBank Banca Fineco's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-12.3%

OTCPK:FCBB.F

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-15.3%

OTCPK:FCBB.F

-14.2%

US Banks

-0.4%

US Market

FCBB.F underperformed the Banks industry which returned -14.2% over the past year.

FCBB.F underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

FCBB.FIndustryMarket
7 Day-12.3%-2.6%-1.0%
30 Day-12.3%-6.3%-3.3%
90 Dayn/a-3.5%0.8%
1 Year-15.3%-15.3%-11.8%-14.2%1.9%-0.4%
3 Yearn/a42.2%32.4%39.4%30.4%
5 Yearn/a53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is FinecoBank Banca Fineco's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is FinecoBank Banca Fineco undervalued based on future cash flows and its price relative to the stock market?

21.01x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

FinecoBank Banca Fineco's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

FinecoBank Banca Fineco's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

FinecoBank Banca Fineco is overvalued based on earnings compared to the US Banks industry average.

FinecoBank Banca Fineco is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

FinecoBank Banca Fineco is poor value based on expected growth next year.


Price Based on Value of Assets

FinecoBank Banca Fineco is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is FinecoBank Banca Fineco expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

FinecoBank Banca Fineco's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).

FinecoBank Banca Fineco's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).

FinecoBank Banca Fineco's revenue growth is positive but not above the United States of America market average.

FinecoBank Banca Fineco's earnings growth is positive but not above the United States of America market average.

FinecoBank Banca Fineco's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

FinecoBank Banca Fineco is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has FinecoBank Banca Fineco performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

FinecoBank Banca Fineco's year on year earnings growth rate has been positive over the past 5 years.

FinecoBank Banca Fineco's 1-year earnings growth is less than its 5-year average (6.4% vs 12%)

FinecoBank Banca Fineco's earnings growth has not exceeded the US Banks industry average in the past year (6.4% vs 33.2%).


Return on Equity

FinecoBank Banca Fineco has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

FinecoBank Banca Fineco used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if FinecoBank Banca Fineco improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is FinecoBank Banca Fineco'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

FinecoBank Banca Fineco has an acceptable proportion of non-loan assets held.

FinecoBank Banca Fineco has a sufficient allowance for bad loans.

FinecoBank Banca Fineco's liabilities are made up of primarily low risk sources of funding.

FinecoBank Banca Fineco's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).

Loans at FinecoBank Banca Fineco are broadly funded by customer deposits.

FinecoBank Banca Fineco has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is FinecoBank Banca Fineco's current dividend yield, its reliability and sustainability?

3.85%

Expected Dividend Yield


Dividend Yield and Payments Analysis

FinecoBank Banca Fineco's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

FinecoBank Banca Fineco's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, FinecoBank Banca Fineco has been paying a dividend for less than 10 years.

Dividend payments have increased, but FinecoBank Banca Fineco only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.4x coverage).


Next Steps

Management

What is the CEO of FinecoBank Banca Fineco's salary, the management and board of directors tenure and is there insider trading?

14.1yrs

Average management tenure


CEO

Alessandro Foti (59yo)

€1,260,849

Compensation

Mr. Alessandro Foti serves as Managing Director of FinecoBank S.p.A and has been its General Manager since July 01, 2014 and served as its Chief Executive Officer. He served as the Chief Executive Officer  ...


CEO Compensation Analysis

Alessandro's remuneration is lower than average for companies of similar size in United States of America.

Alessandro's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

14.1yrs

Average Tenure

The average tenure for the FinecoBank Banca Fineco management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

2.3yrs

Average Tenure

52.5yo

Average Age

The average tenure for the FinecoBank Banca Fineco board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Alessandro Foti (59yo)

    CEO, GM & Executive Director

    • Compensation: 1.26m
  • Paolo Grazia

    Deputy GM of Invst Products

    • Tenure: 4.6yrs
  • Fabio Milanesi

    Deputy General Manager of It

  • Lorena Pelliciari (59yo)

    Chief Financial Officer

    • Tenure: 19.6yrs
  • Stefano Orfanini

    Chief Risk Officer

  • Silvio Puchar

    Head of Compliance

    • Tenure: 14.6yrs
  • Andrea Pepe

    Head of Legal & Corporate Affairs

    • Tenure: 13.6yrs
  • Stefania Mantegazza

    Head of Investor Relations


Board Members

  • Alessandro Foti (59yo)

    CEO, GM & Executive Director

    • Tenure: 19.8yrs
    • Compensation: 1.26m
  • Patrizia Albano (66yo)

    Director

    • Tenure: 2.3yrs
  • Elena Spagnol (51yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 1.9yrs
  • Maria Malaguti (55yo)

    Director

    • Tenure: 2.3yrs
  • Barbara Aloisi (52yo)

    Statutory Auditor

    • Tenure: 7.3yrs
  • Francesco Saita (52yo)

    Vice Chairman

    • Tenure: 5.6yrs
    • Compensation: 117.80k
  • Elena Biffi (53yo)

    Director

    • Tenure: 2.3yrs
  • Maurizio Santacroce (48yo)

    Director

    • Tenure: 2.3yrs
  • Enrico Ramusino (60yo)

    Chairman

    • Tenure: 17.7yrs
    • Compensation: 206.23k
  • Gianmarco Montanari (47yo)

    Director

    • Tenure: 2.3yrs

Company Information

FinecoBank Banca Fineco S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FinecoBank Banca Fineco S.p.A.
  • Ticker: FCBB.F
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: €5.259b
  • Listing Market Cap: €5.835b
  • Shares outstanding: 607.53m
  • Website: Click here

Number of Employees


Location

  • FinecoBank Banca Fineco S.p.A.
  • Tower A
  • Piazza Gae Aulenti 3
  • Milan
  • 20154
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBKBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2014
FBKMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2014
0QVFLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2014
FBKWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2014
FCBB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2014

Biography

FinecoBank Banca Fineco S.p.A. provides banking and investment products and services in Italy and internationally. The company operates through Banking, Brokerage, and Investing segments. Its banking servi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 00:41
End of Day Share Price2019/08/12 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.