Financials Banca Sistema S.p.A. Börse Stuttgart

Equities

B2S

IT0003173629

Banks

Market Closed - Börse Stuttgart 11:40:14 28/06/2024 am IST 5-day change 1st Jan Change
1.444 EUR -.--% Intraday chart for Banca Sistema S.p.A. +2.41% +21.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 115.5 148.4 136.1 169.3 122.6 114.9 114.9 -
Enterprise Value (EV) 1 115.5 148.4 136.1 169.3 122.6 96.3 114.9 114.9
P/E ratio 4.25 x 4.99 x 5.28 x 7.28 x 5.56 x 5.83 x 6.97 x 5.56 x
Yield 6.05% 5.03% 4.72% 3.42% - 5.42% 4.35% 4.75%
Capitalization / Revenue 1.27 x 1.47 x 1.34 x 1.73 x 1.16 x 0.93 x 1.07 x 1 x
EV / Revenue 1.27 x 1.47 x 1.34 x 1.73 x 1.16 x 0.93 x 1.07 x 1 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.76 x 0.84 x 0.69 x 0.66 x 0.5 x 0.36 x 0.41 x 0.4 x
Nbr of stocks (in thousands) 80,351 80,316 80,252 80,421 80,140 80,253 80,253 -
Reference price 2 1.438 1.848 1.696 2.105 1.530 1.432 1.432 1.432
Announcement Date 08/02/19 06/02/20 10/02/21 10/02/22 10/02/23 09/02/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 91.08 100.9 101.5 97.62 105.9 103.5 107 115.2
EBITDA - - - - - - - -
EBIT 1 48.88 50.41 46.2 45.08 46.17 30.2 33.7 40.55
Operating Margin 53.67% 49.96% 45.52% 46.19% 43.58% 29.18% 31.5% 35.18%
Earnings before Tax (EBT) 1 42.08 41.35 36.3 34.46 33.17 25.7 25.28 31.24
Net income 1 27.17 29.72 25.8 23.25 22.03 16.5 16.74 20.56
Net margin 29.83% 29.45% 25.42% 23.82% 20.8% 15.94% 15.64% 17.84%
EPS 2 0.3381 0.3702 0.3210 0.2890 0.2750 0.2060 0.2055 0.2575
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0870 0.0930 0.0800 0.0720 - 0.0650 0.0623 0.0680
Announcement Date 08/02/19 06/02/20 10/02/21 10/02/22 10/02/23 09/02/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 44.09 45.9 46.35 28.65 24.36 27.25 51.6 26.11 25 25.23 24.12 21.85 32.2 26.82
EBITDA - - - - - - - - - - - - - -
EBIT 1 20.54 20.9 20.03 14.62 9.033 14.4 23.43 9.769 10.61 6.85 7.403 6.751 9 9.2
Operating Margin 46.58% 45.53% 43.22% 51.02% 37.09% 52.85% 45.41% 37.42% 42.45% 27.15% 30.69% 30.89% 27.95% 34.3%
Earnings before Tax (EBT) 1 15.77 16.9 12.22 12.8 6.69 11.64 18.33 8.611 6.235 5.874 5.735 5.989 8.1 6.997
Net income 1 11.17 12.1 8.49 8.471 4.383 7.822 12.2 5.63 4.199 3.719 - 3.891 5.2 4.144
Net margin 25.34% 26.36% 18.32% 29.56% 18% 28.71% 23.65% 21.56% 16.8% 14.74% - 17.81% 16.15% 15.45%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 31/07/19 31/07/20 30/07/21 10/02/22 11/05/22 29/07/22 29/07/22 12/11/22 10/02/23 12/05/23 29/08/23 13/11/23 09/02/24 10/05/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 18.9% 18% - 10.1% 8.78% 6.44% 7.76% 10.3%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 1.900 2.200 2.470 3.180 3.070 3.320 3.470 3.590
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 08/02/19 06/02/20 10/02/21 10/02/22 10/02/23 09/02/24 - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
1.432 EUR
Average target price
1.98 EUR
Spread / Average Target
+38.27%
Consensus

Quarterly revenue - Rate of surprise

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