OTCPK:FCBB.F

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FinecoBank Banca Fineco

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with outstanding track record.


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

Stable Share Price: FCBB.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

FCBB.F

-0.7%

US Banks

1.3%

US Market


1 Year Return

n/a

FCBB.F

-23.5%

US Banks

14.9%

US Market

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

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


Shareholder returns

FCBB.FIndustryMarket
7 Day0%-0.7%1.3%
30 Day8.2%2.6%4.7%
90 Dayn/a4.8%17.1%
1 Yearn/a-20.8%-23.5%17.3%14.9%
3 Yearn/a-15.5%-22.2%38.9%29.9%
5 Yearn/a8.5%-4.7%71.3%52.8%

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 compared to its fair value and its price relative to the market?

23.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FCBB.F ($14.61) is trading above our estimate of fair value ($4.27)

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


Price To Earnings Ratio

PE vs Industry: FCBB.F is poor value based on its PE Ratio (23.5x) compared to the US Banks industry average (9.6x).

PE vs Market: FCBB.F is poor value based on its PE Ratio (23.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FCBB.F is poor value based on its PEG Ratio (13.4x)


Price to Book Ratio

PB vs Industry: FCBB.F is overvalued based on its PB Ratio (5.1x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is FinecoBank Banca Fineco forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCBB.F's forecast earnings growth (1.8% per year) is below the savings rate (2.2%).

Earnings vs Market: FCBB.F's earnings (1.8% per year) are forecast to grow slower than the US market (22.2% per year).

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

Revenue vs Market: FCBB.F's revenue (2.6% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: FCBB.F's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FCBB.F's Return on Equity is forecast to be high in 3 years time (21%)


Next Steps

Past Performance

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

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCBB.F has high quality earnings.

Growing Profit Margin: FCBB.F's current net profit margins (45.4%) are higher than last year (39.4%).


Past Earnings Growth Analysis

Earnings Trend: FCBB.F's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: FCBB.F's earnings growth over the past year (29.8%) exceeds its 5-year average (10% per year).

Earnings vs Industry: FCBB.F earnings growth over the past year (29.8%) exceeded the Banks industry -2.9%.


Return on Equity

High ROE: FCBB.F's Return on Equity (21.5%) is considered high.


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

Asset Level: FCBB.F's Assets to Equity ratio (20x) is moderate.

Allowance for Bad Loans: FCBB.F has a sufficient allowance for bad loans (143%).

Low Risk Liabilities: 98% of FCBB.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: FCBB.F has an appropriate level of Loans to Assets ratio (15%).

Low Risk Deposits: FCBB.F's Loans to Deposits ratio (16%) is appropriate.

Level of Bad Loans: FCBB.F has an appropriate level of bad loans (0.1%).


Next Steps

Dividend

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

2.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FCBB.F's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: FCBB.F's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (4.51%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FCBB.F has been paying a dividend for less than 10 years.

Growing Dividend: FCBB.F's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.3%), FCBB.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FCBB.F's dividends in 3 years are forecast to be covered by earnings (70.3% payout ratio).


Next Steps

Management

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

14.6yrs

Average management tenure


CEO

Alessandro Foti (60 yo)

no data

Tenure

€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

Compensation vs Market: Alessandro's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD7.31M).

Compensation vs Earnings: Alessandro's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alessandro Foti
CEO, GM & Executive Directorno data€1.26mno data
Lorena Pelliciari
Chief Financial Officer20.58yrsno datano data
Fabio Milanesi
Deputy General Manager of Itno datano datano data
Silvio Puchar
Head of Compliance15.58yrsno datano data
Andrea Pepe
Head of Legal & Corporate Affairs14.58yrsno datano data
Paolo Grazia
Deputy GM of Invst Products5.58yrsno datano data
Stefano Orfanini
Chief Risk Officerno datano datano data
Patrizia Verdesca
Head of Internal Audit0.58yrno datano data

14.6yrs

Average Tenure

Experienced Management: FCBB.F's management team is seasoned and experienced (14.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alessandro Foti
CEO, GM & Executive Directorno data€1.26mno data
Andrea Zappia
Non-Executive Director0.58yrno datano data
Marco Mangiagalli
Chairman0.33yrno datano data
Patrizia Albano
Director3.33yrsno datano data
Maria Alessandra de Pignier
Director0.33yrno datano data
Francesco Saita
Vice Chairman6.58yrs€117.80kno data
Elena Spagnol
Chairman of the Board of Statutory Auditors2.92yrsno datano data
Giancarla Branda
Director0.33yrno datano data
Elena Biffi
Director3.33yrsno datano data
Gianmarco Montanari
Director3.33yrsno datano data
Paola de Ponti
Director0.33yrno datano data
Marin Gueorguiev
Director0.33yrno datano data

1.8yrs

Average Tenure

57.5yo

Average Age

Experienced Board: FCBB.F's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

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: €7.473b
  • Listing Market Cap: €8.841b
  • Shares outstanding: 608.82m
  • Website: https://finecobank.com

Number of Employees


Location

  • FinecoBank Banca Fineco S.p.A.
  • Via Rivoluzione d'Ottobre 16
  • Reggio Emilia
  • Reggio Emilia
  • 42123
  • 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. The company offer ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 00:04
End of Day Share Price2020/07/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.