-0.17%
11.27%
28.01%
38.74%
34.36%
130.88%
365.36%
AI Spotlight on BPSO
Company Description
Banca Popolare di Sondrio S.p.A., together with its subsidiaries, provides various banking products and services in Italy.The company offers current accounts, savings deposits, certificates of deposits, time deposit accounts, and bonds; and loans comprising foreign currency loans, artisan loans, agricultural loans, personal loans, and mortgage loans primarily to retail customers and SMEs. It also offers repurchase agreements, securities lending, custody and administration of securities, consultancy, individual portfolio management, guarantees, leasing, and factoring services.In addition, the company provides credit and debit cards, and insurance products, as well as collection and payment services; manages hotels; issues government securities and prime corporate bonds; and manages and maintains rented units.
As of December 31, 2021, it operated 350 branches.The company was founded in 1871 and is headquartered in Sondrio, Italy.
Market Data
| Last Price | 8.94 |
| Change Percentage | -0.17% |
| Open | 8.98 |
| Previous Close | 8.95 |
| Market Cap ( Millions) | 4018 |
| Volume | 995769 |
| Year High | 9.11 |
| Year Low | 5.89 |
| M A 50 | 8.18 |
| M A 200 | 7.32 |
Financial Ratios
| FCF Yield | 2.27% |
| Dividend Yield | 6.27% |
| ROE | 13.98% |
| Debt / Equity | 267.07% |
| Net Debt / EBIDTA | 1319.40% |
| Price To Book | 0.99 |
| Price Earnings Ratio | 7.31 |
| Price To FCF | 44.09 |
| Price To sales | 1.75 |
| EV / EBITDA | 18.14 |
News
- Jan -13 - Highlighting Banca Popolare di Sondrio Among 3 Top Dividend Stocks
- Dec -13 - Three Dividend Stocks To Enhance Your Portfolio
- Nov -14 - Three Top Dividend Stocks To Consider
- Jan -30 - Italy Finance Minister sought clarification from UniCredit CEO over Pop Sondrio, sources say
- Jan -18 - UPDATE 3-UniCredit CEO dismisses as 'noise' report of Pop Sondrio share buy
- Jan -18 - US investment bank looking to build 10% stake in Italy's Pop Sondrio - Il Sole 24 Ore
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Businesses
Expected Growth : 2.5 %
What the company do ?
Banca Popolare di Sondrio S.p.A's Businesses segment includes retail, private, and corporate banking services, as well as wealth management and insurance products.
Why we expect these perspectives ?
Banca Popolare di Sondrio S.p.A's 2.5% growth is driven by a strong deposit base, diversified revenue streams, and a solid capital position. The bank's focus on retail and SME lending, as well as its presence in the northern Italian region, contribute to its stable growth. Additionally, the bank's cost containment efforts and investments in digital transformation also support its growth momentum.
Segment n°2 -> Central Functions
Expected Growth : 1.8 %
What the company do ?
Central Functions from Banca Popolare di Sondrio S.p.A refers to the bank's core operations, including risk management, compliance, and internal audit, ensuring the bank's stability and regulatory adherence.
Why we expect these perspectives ?
Central Functions of Banca Popolare di Sondrio S.p.A, with 1.8% growth, are driven by efficient cost management, optimized branch network, and digital transformation. Strengthened risk management and robust capital adequacy also contribute to growth. Furthermore, the bank's focus on customer-centric services, innovative products, and strategic partnerships enhance revenue generation.
Segment n°3 -> Individuals and Other Customers
Expected Growth : 2.2 %
What the company do ?
Individuals and Other Customers from Banca Popolare di Sondrio S.p.A refers to retail clients, including individuals, families, and small businesses, served by the Italian bank.
Why we expect these perspectives ?
Individuals and Other Customers segment of Banca Popolare di Sondrio S.p.A grew 2.2% driven by increased lending to retail customers, expansion of branch network, and digital banking services. Additionally, competitive interest rates on deposits and loans, as well as targeted marketing campaigns, contributed to the growth.
Segment n°4 -> Securities
Expected Growth : 2.8 %
What the company do ?
Securities from Banca Popolare di Sondrio S.p.A refer to financial instruments, such as stocks, bonds, and derivatives, issued or traded by the Italian bank.
Why we expect these perspectives ?
Banca Popolare di Sondrio S.p.A's 2.8% growth is driven by strong loan growth, particularly in the mortgage segment, and a solid deposit base. The bank's focus on digital transformation and cost containment measures have also contributed to its growth. Additionally, the bank's presence in the northern Italian region, where economic growth is higher, has supported its expansion.
Segment n°5 -> Reconciliation
Expected Growth : 1.5 %
What the company do ?
Reconciliation from Banca Popolare di Sondrio S.p.A: Matching and verifying transactions between company records and bank statements to ensure accuracy and transparency.
Why we expect these perspectives ?
The 1.5% growth in reconciliation with Banca Popolare di Sondrio S.p.A is driven by increased digitalization, improved operational efficiency, and a favorable interest rate environment. Additionally, the bank's strategic focus on SME lending and mortgage financing has contributed to the growth. Furthermore, the bank's cost-cutting initiatives and investments in digital platforms have enhanced customer experience, leading to increased customer acquisition and retention.
Banca Popolare Di Sondrio S.P.A Products
| Product Range | What is it ? |
|---|---|
| Retail Banking | Provides personal banking services to individuals, including current and savings accounts, credit cards, personal loans, and mortgages. |
| Corporate Banking | Offers financial services to businesses, including cash management, trade finance, and lending solutions. |
| Private Banking | Provides wealth management services to high net worth individuals, including investment advice, portfolio management, and estate planning. |
| Asset Management | Manages investment funds and portfolios on behalf of institutional and individual clients. |
| Insurance Services | Offers a range of insurance products, including life insurance, non-life insurance, and pension plans. |
| Payment Services | Provides payment processing services, including credit card processing, online payments, and merchant services. |
Banca Popolare di Sondrio S.p.A's Porter Forces
Threat Of Substitutes
The threat of substitutes for Banca Popolare di Sondrio S.p.A is moderate due to the presence of alternative banking services and financial institutions in the market.
Bargaining Power Of Customers
The bargaining power of customers is low due to the bank's strong brand reputation and customer loyalty, making it difficult for customers to negotiate better terms.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate due to the bank's dependence on a few large suppliers for technology and infrastructure, giving them some negotiating power.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the banking industry, including regulatory hurdles and high capital requirements.
Intensity Of Rivalry
The intensity of rivalry is high due to the presence of many established banks and financial institutions in the market, leading to intense competition for customers and market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 73.42% |
| Debt Cost | 4.83% |
| Equity Weight | 26.58% |
| Equity Cost | 10.79% |
| WACC | 6.41% |
| Leverage | 276.17% |
Banca Popolare di Sondrio S.p.A : Quality Control
Banca Popolare di Sondrio S.p.A passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MB.MI | Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally. The company operates through Wealth Management, Consumer Banking, Corporate and … |
| LLBN.SW | Liechtensteinische Landesbank Aktiengesellschaft provides banking products and services in Liechtenstein, Switzerland, Austria, Europe, North and South America, Africa, Asia, and internationally. It operates through three segments: Retail & Corporate Banking, … |
| FBK.MI | FinecoBank Banca Fineco S.p.A. provides banking and investment products and services. The company operates through Banking, Brokerage, and Investing segments. The company offers banking services, including current account and deposit … |
| BEKN.SW | Berner Kantonalbank AG, a cantonal bank, offers various banking products and financial services to private individuals and corporate customers in Switzerland. It offers investment, shareholder, youth, education, and SME savings … |
| BGN.MI | Banca Generali S.p.A. distributes financial products and services for affluent and private customers through financial advisors primarily in Italy. It operates through Wealth Management Cash-Generating Unit (CGU) and Private Banking … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Mediobanca
A-Score
1-Year Total Return ->
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Banca Generali
A-Score
1-Year Total Return ->
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FinecoBank
A-Score
1-Year Total Return ->
4
LLB
A-Score
1-Year Total Return ->
5
Banca Sondrio
A-Score
1-Year Total Return ->
6
