(BFF) BFF Bank SpA - Overview
Sector: Financial Services | Industry: Credit Services | Exchange: MI (Italy) | Market Cap: 439m EUR | Total Return: -73.2% in 12m
Avg Turnover: 19.1M
EPS Trend: -70.9%
Qual. Beats: 0
Rev. Trend: -54.8%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
BFF Bank S.p.A. is a Milan-based financial institution specializing in non-recourse factoring and credit management for public administration bodies and healthcare providers across Europe. The bank operates in several markets, including Italy, Spain, Poland, and France, providing liquidity solutions by purchasing trade receivables due from government entities.
The business model relies on the low default risk typically associated with public sector debtors, though it remains sensitive to government payment cycles and regulatory changes. Beyond factoring, the company provides securities services, custodian banking for investment funds, and corporate payment processing for small-to-medium Italian banks.
Investors can evaluate the sustainability of these specialized revenue streams by exploring the detailed financial metrics available on ValueRay.
Founded in 1985, BFF Bank has expanded its footprint through organic growth and acquisitions, positioning itself as a key intermediary in the European specialized finance sector. Its diversified service suite includes fund accounting, transfer agent services, and online deposit accounts to support its broader liquidity management operations.
- Interest rate fluctuations impact net interest margin on public administration credit
- European Central Bank capital requirement rulings dictate dividend payout sustainability
- Public healthcare spending cycles influence factoring volume across Southern Europe
- Regulatory changes to late payment interest recovery affect non-recourse profitability
- Securities services growth offsets volatility in core credit management revenue streams
| Net Income: 156.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -1.16 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.00 > 3% & CFO -17.5m > Net Income 156.9m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (188.9m) vs 12m ago 0.52% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 3.18% > 50% (prev 3.14%; Δ 0.04% > 0%) |
| Interest Coverage Ratio: 1.86 > 6 (EBITDA TTM 474.0m / Interest Expense TTM 245.0m) |
As of May 26, 2026, the stock is trading at EUR 2.46 with a total of 6,182,246 shares traded.
Over the past week, the price has changed by +5.95%,
over one month by +13.69%,
over three months by -29.77% and
over the past year by -73.18%.
BFF Bank SpA has no consensus analysts rating.
P/E Trailing = 8.9308
P/E Forward = 9.7182
P/S = 1.5216
P/B = 0.4746
Revenue TTM = 394.2m EUR
EBIT TTM = 456.0m EUR
EBITDA TTM = 474.0m EUR
Long Term Debt = 620.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 438.6m EUR (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 1.86 (Ebit TTM 456.0m / Interest Expense TTM 245.0m)
EV/FCF = 8.10x (Enterprise Value 438.6m / FCF TTM 54.2m)
FCF Yield = 12.35% (FCF TTM 54.2m / Enterprise Value 438.6m)
FCF Margin = 13.74% (FCF TTM 54.2m / Revenue TTM 394.2m)
Net Margin = 39.81% (Net Income TTM 156.9m / Revenue TTM 394.2m)
Gross Margin = unknown ((Revenue TTM 394.2m - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.04 (Enterprise Value 438.6m / Total Assets 12.4b)
Interest Expense / Debt = unknown (Interest Expense 245.0m / Debt none)
Taxrate = 30.36% (21.6m / 71.1m)
NOPAT = 317.5m (EBIT 456.0m * (1 - 30.36%))
Current Ratio = unknown (Total Current Assets 933.3m / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 474.0m)
Debt / FCF = unknown (Net Debt none / FCF TTM 54.2m)
Total Stockholder Equity = 945.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.27% (Net Income 156.9m / Total Assets 12.4b)
RoE = 16.59% (Net Income TTM 156.9m / Total Stockholder Equity 945.9m)
RoCE = 29.12% (EBIT 456.0m / Capital Employed (Equity 945.9m + L.T.Debt 620.0m))
RoIC = unknown (NOPAT 317.5m, Invested Capital 0.0, EBIT 456.0m)
WACC = 9.43% (E(438.6m)/V(438.6m) * Re(9.43%) + (debt-free company))
Discount Rate = 9.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.33 | Cagr: -2.08%
[DCF] Terminal Value 69.16% ; FCFF base≈111.8m ; Y1≈98.1m ; Y5≈79.2m
[DCF] Fair Price = 5.72 (EV 1.08b - Net Debt 0.0 = Equity 1.08b / Shares 188.9m; r=9.43% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -70.86 | EPS CAGR: -22.46% | SUE: 0.32 | # QB: 0
Revenue Correlation: -54.82 | Revenue CAGR: -13.29% | SUE: 1.68 | # QB: 1
EPS current Year (2026-12-31): EPS=0.68 | Chg30d=-16.59% | Revisions=-33% | GrowthEPS=+0.0% | GrowthRev=+6.1%
EPS next Year (2027-12-31): EPS=0.68 | Chg30d=-19.30% | Revisions=-33% | GrowthEPS=-0.0% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: -33%