(BAMI) Banco Bpm SpA - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: MI (Italy) | Market Cap: 18.136m EUR | Total Return: 65.8% in 12m
Industry Rotation: +7.1
Avg Turnover: 78.3M EUR
Peers RS (IBD): 36.1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Banco BPM S.p.A. (ticker BAMI) is Italy’s largest retail-focused bank, serving individuals, SMEs and corporates through six operating segments: Commercial Banking, Corporate & Investment Banking, Insurance, Strategic Partnerships, Finance, and a Corporate Centre. Its product suite spans current accounts, digital banking, a full range of credit and loan solutions, insurance (life, property, motor), green and sustainable financing, leasing, and capital-market advisory services.
As of the latest Q2 2024 results, Banco BPM posted a net profit of €1.2 billion, up 8% YoY, and a CET1 capital ratio of 15.2%, comfortably above the EU regulatory minimum. The loan portfolio grew 3% year-on-year to €150 billion, while the non-performing loan (NPL) ratio fell to 2.3%, reflecting continued credit-quality improvement. Digital adoption remains strong, with 2.5 million active online customers and a 12% increase in mobile-app transactions. The bank’s green-loan book reached €3.0 billion, driven by Italy’s push for renewable-energy projects and the broader European ESG financing agenda. Macro-economically, Italy’s Q2 2024 GDP expanded 0.7% and the ECB’s policy rate sits at 4.5%, supporting net-interest-margin stability for Italian banks.
For a deeper dive into valuation and risk metrics, you might explore the ValueRay platform.
- Net interest income remains primary revenue source
- Italian economic growth impacts loan demand
- Regulatory capital requirements influence dividend policy
- Non-performing loan reduction improves asset quality
- ECB interest rate policy dictates funding costs
| Net Income: 3.12b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 0.55 > 1.0 |
| NWC/Revenue: 370.8% < 20% (prev 293.3%; Δ 77.50% < -1%) |
| CFO/TA 0.01 > 3% & CFO 2.35b > Net Income 3.12b |
| Net Debt (17.52b) to EBITDA (4.47b): 3.92 < 3 |
| Current Ratio: 22.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.50b) vs 12m ago 0.13% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.73% > 50% (prev 2.05%; Δ -1.32% > 0%) |
| Interest Coverage Ratio: 1.85 > 6 (EBITDA TTM 4.47b / Interest Expense TTM 2.37b) |
| A: 0.03 (Total Current Assets 5.61b - Total Current Liabilities 246.5m) / Total Assets 198.21b |
| B: 0.01 (Retained Earnings 2.08b / Total Assets 198.21b) |
| C: 0.02 (EBIT TTM 4.39b / Avg Total Assets 198.21b) |
| D: 0.01 (Book Value of Equity 2.08b / Total Liabilities 183.61b) |
| Altman-Z'' Score: 0.37 = B |
Over the past week, the price has changed by +3.21%, over one month by +5.15%, over three months by -4.86% and over the past year by +65.80%.
| Analysts Target Price | - | - |
P/E Trailing = 8.7319
P/E Forward = 7.0028
P/S = 3.369
P/B = 1.1896
P/EG = 1.8108
Revenue TTM = 1.45b EUR
EBIT TTM = 4.39b EUR
EBITDA TTM = 4.47b EUR
Long Term Debt = 23.12b EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = 17.52b EUR (from netDebt column, last quarter)
Enterprise Value = 12.53b EUR (18.14b + (null Debt) - CCE 5.61b)
Interest Coverage Ratio = 1.85 (Ebit TTM 4.39b / Interest Expense TTM 2.37b)
EV/FCF = -3.09x (Enterprise Value 12.53b / FCF TTM -4.06b)
FCF Yield = -32.36% (FCF TTM -4.06b / Enterprise Value 12.53b)
FCF Margin = -280.6% (FCF TTM -4.06b / Revenue TTM 1.45b)
Net Margin = 216.1% (Net Income TTM 3.12b / Revenue TTM 1.45b)
Gross Margin = unknown ((Revenue TTM 1.45b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.06 (Enterprise Value 12.53b / Total Assets 198.21b)
Interest Expense / Debt = unknown (Interest Expense 2.37b / Debt none)
Taxrate = 27.51% (357.2m / 1.30b)
NOPAT = 3.18b (EBIT 4.39b * (1 - 27.51%))
Current Ratio = 22.74 (Total Current Assets 5.61b / Total Current Liabilities 246.5m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = 3.92 (Net Debt 17.52b / EBITDA 4.47b)
Debt / FCF = -4.32 (negative FCF - burning cash) (Net Debt 17.52b / FCF TTM -4.06b)
Total Stockholder Equity = 15.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.58% (Net Income 3.12b / Total Assets 198.21b)
RoE = 20.38% (Net Income TTM 3.12b / Total Stockholder Equity 15.33b)
RoCE = 11.43% (EBIT 4.39b / Capital Employed (Equity 15.33b + L.T.Debt 23.12b))
RoIC = 7.64% (NOPAT 3.18b / Invested Capital 41.71b)
WACC = 7.20% (E(18.14b)/V(18.14b) * Re(7.20%) + (debt-free company))
Discount Rate = 7.20% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -100.0 | Cagr: -0.11%
[DCF] Fair Price = unknown (Cash Flow -4.06b)
EPS Correlation: 84.74 | EPS CAGR: 52.42% | SUE: 0.39 | # QB: 0
Revenue Correlation: 9.86 | Revenue CAGR: 18.87% | SUE: -0.11 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.34 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=1.25 | Chg7d=-0.011 | Chg30d=-0.013 | Revisions Net=-1 | Growth EPS=+0.8% | Growth Revenue=+3.5%
EPS next Year (2027-12-31): EPS=1.32 | Chg7d=-0.005 | Chg30d=-0.007 | Revisions Net=-2 | Growth EPS=+5.8% | Growth Revenue=+3.2%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -3.5% (Discount Rate 7.9% - Earnings Yield 11.5%)
[Growth] Growth Spread = +2.8% (Analyst -0.7% - Implied -3.5%)