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Banca IFIS

DB:0I6
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0I6
DB
€787M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Banca IFIS S.p.A. engages in trade receivables, corporate banking, leasing, NPL area, and tax receivables businesses in Italy and internationally. The last earnings update was 71 days ago. More info.


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0I6 Share Price and Events
7 Day Returns
2.4%
DB:0I6
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
-13.9%
DB:0I6
1.4%
DE Diversified Financial
2.6%
DE Market
0I6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banca IFIS (0I6) 2.4% -1.5% 11.7% -13.9% -38.4% -
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • 0I6 underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • 0I6 underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
0I6
Industry
5yr Volatility vs Market

0I6 Value

 Is Banca IFIS undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Banca IFIS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Banca IFIS.

DB:0I6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €30.53 * 10.9%
€3.32
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. €30.53
Discount Rate (Cost of Equity) See below 18.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0I6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 24%) (358.46%))
2.125
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 9.02%)
18.27%

Discounted Cash Flow Calculation for DB:0I6 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banca IFIS is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:0I6 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.9% – 18.27%) * €30.53)
€-2.26
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-2.26 / (18.27% - 0.23%)
€-12.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €30.53 + €-12.50
€18.02
DB:0I6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0I6 represents 0.98845x of BIT:IF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98845x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 18.02 x 0.98845
€17.81
Value per share (EUR) From above. €17.81
Current discount Discount to share price of €14.56
= -1 x (€14.56 - €17.81) / €17.81
18.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Banca IFIS is available for.
Intrinsic value
18%
Share price is €14.56 vs Future cash flow value of €17.81
Current Discount Checks
For Banca IFIS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Banca IFIS's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Banca IFIS's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Banca IFIS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banca IFIS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0I6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €2.78
BIT:IF Share Price ** BIT (2019-10-11) in EUR €14.73
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Banca IFIS.

DB:0I6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:IF Share Price ÷ EPS (both in EUR)

= 14.73 ÷ 2.78

5.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banca IFIS is good value based on earnings compared to the DE Diversified Financial industry average.
  • Banca IFIS is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Banca IFIS's expected growth come at a high price?
Raw Data
DB:0I6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
7.4%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:0I6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.29x ÷ 7.4%

0.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banca IFIS is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Banca IFIS's assets?
Raw Data
DB:0I6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €27.44
BIT:IF Share Price * BIT (2019-10-11) in EUR €14.73
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:0I6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:IF Share Price ÷ Book Value per Share (both in EUR)

= 14.73 ÷ 27.44

0.54x

* Primary Listing of Banca IFIS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banca IFIS is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Banca IFIS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Banca IFIS has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0I6 Future Performance

 How is Banca IFIS expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banca IFIS expected to grow at an attractive rate?
  • Banca IFIS's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Banca IFIS's earnings growth is positive but not above the Germany market average.
  • Banca IFIS's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0I6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0I6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 7.4%
DB:0I6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.4%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0I6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0I6 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 618 168 2
2020-12-31 594 155 2
2019-12-31 575 138 2
2019-10-12
DB:0I6 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 471 139 149
2019-03-31 454 139
2018-12-31 466 78 147
2018-09-30 448 121
2018-06-30 470 92 143
2018-03-31 524 186
2017-12-31 497 82 181
2017-09-30 467 781
2017-06-30 429 -412 762
2017-03-31 332 708
2016-12-31 299 1,143 698
2016-09-30 287 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banca IFIS's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
  • Banca IFIS's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0I6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Banca IFIS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0I6 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.13 3.39 2.87 2.00
2020-12-31 3.10 3.55 2.74 3.00
2019-12-31 2.56 2.64 2.49 2.00
2019-10-12
DB:0I6 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 2.78
2019-03-31 2.60
2018-12-31 2.75
2018-09-30 2.26
2018-06-30 2.68
2018-03-31 3.48
2017-12-31 3.38
2017-09-30 14.61
2017-06-30 14.33
2017-03-31 13.30
2016-12-31 13.13
2016-09-30 1.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Banca IFIS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banca IFIS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Banca IFIS has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0I6 Past Performance

  How has Banca IFIS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Banca IFIS's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Banca IFIS's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Banca IFIS's 1-year earnings growth is less than its 5-year average (3.8% vs 11.3%)
  • Banca IFIS's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (3.8% vs 3.5%).
Earnings and Revenue History
Banca IFIS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Banca IFIS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0I6 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 470.59 148.82 284.43
2019-03-31 454.41 138.83 286.65
2018-12-31 465.81 146.76 279.93
2018-09-30 447.61 120.64 267.53
2018-06-30 469.67 143.32 245.77
2018-03-31 523.96 185.93 236.60
2017-12-31 496.92 180.77 228.01
2017-09-30 467.12 780.57 251.90
2017-06-30 429.21 762.25 222.17
2017-03-31 332.08 708.36 204.37
2016-12-31 299.04 697.71 179.76
2016-09-30 286.90 79.43 144.79
2016-06-30 261.10 70.31 135.01
2016-03-31 376.94 157.78 120.04
2015-12-31 373.71 161.97 115.46
2015-09-30 373.52 170.49 107.37
2015-06-30 375.58 176.60 100.88
2015-03-31 253.77 97.43 97.63
2014-12-31 249.63 95.88 92.34
2014-09-30 241.15 91.92 79.01
2014-06-30 236.00 90.86 75.30
2014-03-31 227.43 87.06 72.40
2013-12-31 219.61 84.84 69.44
2013-09-30 210.69 87.41 65.26
2013-06-30 204.13 84.52 64.22
2013-03-31 197.70 80.97 64.41
2012-12-31 191.17 78.23 62.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Banca IFIS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banca IFIS used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Banca IFIS improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Banca IFIS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Banca IFIS has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0I6 Health

 How is Banca IFIS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Banca IFIS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Banca IFIS's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Banca IFIS's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Banca IFIS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Banca IFIS Company Filings, last reported 3 months ago.

DB:0I6 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,472.26 2,822.30 91.52
2019-03-31 1,489.30 2,830.44 88.29
2018-12-31 1,459.00 2,708.65 170.22
2018-09-30 1,397.43 2,826.62 644.22
2018-06-30 1,373.08 2,831.30 30.67
2018-03-31 1,412.99 2,633.26 35.02
2017-12-31 1,368.72 2,411.16 165.50
2017-09-30 1,338.73 1,966.34 36.18
2017-06-30 1,283.29 2,094.37 47.57
2017-03-31 1,253.64 2,198.25 45.27
2016-12-31 1,228.55 1,861.28 135.46
2016-09-30 586.65 0.41 0.12
2016-06-30 562.20 270.13 0.40
2016-03-31 550.24 370.56 0.03
2015-12-31 573.47 2,783.02 0.29
2015-09-30 557.01 3,350.69 0.36
2015-06-30 524.27 3,330.23 0.27
2015-03-31 571.88 4,217.33 0.08
2014-12-31 437.85 4,309.73 0.02
2014-09-30 418.30 4,114.22 0.02
2014-06-30 397.93 4,967.95 0.03
2014-03-31 405.39 5,836.52 0.03
2013-12-31 380.32 6,920.27 56.81
2013-09-30 357.86 5,334.00 2.03
2013-06-30 331.25 6,152.09 31.03
2013-03-31 332.31 6,176.75 30.63
2012-12-31 309.02 4,566.40 143.49
  • Banca IFIS's level of debt (191.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1244.4% vs 191.5% today).
  • Debt is not well covered by operating cash flow (4.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Banca IFIS's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Banca IFIS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Banca IFIS has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0I6 Dividends

 What is Banca IFIS's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.13%
Current annual income from Banca IFIS dividends. Estimated to be 8.14% next year.
If you bought €2,000 of Banca IFIS shares you are expected to receive €143 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Banca IFIS's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Banca IFIS's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0I6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0I6 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.22 2.00
2020-12-31 1.25 3.00
2019-12-31 1.10 2.00
2019-10-12
DB:0I6 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-07 1.050 7.685
2018-02-08 1.000 4.579
2017-04-21 0.820 2.104
2016-02-02 0.760 3.136
2015-02-18 0.660 3.141
2014-03-06 0.570 3.955
2013-03-06 0.370 3.959
2012-03-30 0.250 4.810
2011-04-29 0.060 1.373
2010-06-24 0.120 2.356
2010-03-16 0.120 1.863
2010-03-04 0.120 2.051
2009-04-07 0.300 4.556

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Banca IFIS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Banca IFIS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Banca IFIS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banca IFIS has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0I6 Management

 What is the CEO of Banca IFIS's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Luciano Colombini
TENURE AS CEO 0.5 years
CEO Bio

Mr. Luciano Colombini is Director at Banca IFIS SpA since April 19, 2019 and also its Chief Executive Officer & Managing Director since April 2019. He began his professional career at Banco di Roma after graduating in Law. In 1984, he was hired by Banca Popolare di Vicenza where he held roles of increasing responsibility for over twenty years, until he was appointed General Manager in 2005. In October 2007, he left Banca Popolare di Vicenza. In the following years he held the role of General Manager in various banking institutions (Banca Popolare di Verona San Geminiano and San Prospero – Banca Popolare Group, Unipol Banca – Unipol Group, Banca Desio Group and Brianza) and in July 2016, he was appointed Chief Executive Officer of the Banca Finint Group. Since April 2019, he has been CEO of Banca IFIS S.p.A. and within the Group holds the positions of CEO of IFIS NPL S.p.A. and that of Chairman of the Board of Directors of FBS S.p.A.

CEO Compensation
  • Insufficient data for Luciano to compare compensation growth.
  • Insufficient data for Luciano to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Banca IFIS management team in years:

0.8
Average Tenure
  • The average tenure for the Banca IFIS management team is less than 2 years, this suggests a new team.
Management Team

Sebastien Von Fürstenberg

TITLE
Chairman of the Board
COMPENSATION
€700K
AGE
69
TENURE
3.5 yrs

Luciano Colombini

TITLE
CEO, MD & Director
TENURE
0.5 yrs

Ernesto Fassio

TITLE
Vice Chairman & VP
TENURE
0.8 yrs

Mariacristina Taormina

TITLE
Corporate Accounting Reporting Officer

Andrea Da Rio

TITLE
Head of Investor Relations & Corporate Development
AGE
43
TENURE
0.8 yrs

Paolo Marinelli

TITLE
Head of Credit Management

Chiara Bortolato

TITLE
Head of Press Office
Board of Directors Tenure

Average tenure of the Banca IFIS board of directors in years:

0.5
Average Tenure
  • The average tenure for the Banca IFIS board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sebastien Von Fürstenberg

TITLE
Chairman of the Board
COMPENSATION
€700K
AGE
69
TENURE
3.5 yrs

Luciano Colombini

TITLE
CEO, MD & Director
TENURE
0.5 yrs

Ernesto Fassio

TITLE
Vice Chairman & VP
TENURE
0.5 yrs

Daniele Santosuosso

TITLE
Independent Non-Executive Director
COMPENSATION
€102K
TENURE
3.5 yrs

Giacomo Bugna

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€95K

Simona Arduini

TITLE
Lead Director
TENURE
0.5 yrs

Alessandro De Pacser

TITLE
Director
COMPENSATION
€475K
TENURE
3.5 yrs

Antonella Malinconico

TITLE
Independent Non-Executive Director
TENURE
3.5 yrs

Beatrice Colleoni

TITLE
Independent Director
TENURE
0.5 yrs

Monica Billio

TITLE
Independent Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. May 19 Buy La Scogliera S.p.A. Company 16. May 19 16. May 19 5,000 €12.90 €64,385
15. May 19 Buy La Scogliera S.p.A. Company 14. May 19 14. May 19 30,000 €13.01 €387,266
14. May 19 Buy La Scogliera S.p.A. Company 13. May 19 13. May 19 30,000 €12.58 €373,464
13. May 19 Buy La Scogliera S.p.A. Company 10. May 19 10. May 19 40,000 €13.16 €524,736
03. Apr 19 Sell Alchimia S.p.a. Company 01. Apr 19 01. Apr 19 -7,147 €15.30 €-108,069
26. Mar 19 Sell Alchimia S.p.a. Company 22. Mar 19 22. Mar 19 -800 €15.28 €-12,188
25. Mar 19 Sell Alchimia S.p.a. Company 21. Mar 19 21. Mar 19 -54,139 €15.29 €-824,450
22. Mar 19 Sell Alchimia S.p.a. Company 20. Mar 19 20. Mar 19 -88,961 €15.30 €-1,350,939
21. Mar 19 Sell Alchimia S.p.a. Company 19. Mar 19 19. Mar 19 -284,200 €15.15 €-4,281,615
20. Mar 19 Buy La Scogliera S.p.A. Company 19. Mar 19 19. Mar 19 5,000 €15.08 €75,400
20. Mar 19 Sell Alchimia S.p.a. Company 18. Mar 19 18. Mar 19 -75,000 €15.21 €-1,132,609
19. Mar 19 Sell Alchimia S.p.a. Company 18. Mar 19 18. Mar 19 -120,000 €15.11 €-1,813,080
18. Mar 19 Sell Alchimia S.p.a. Company 15. Mar 19 15. Mar 19 -105,000 €15.46 €-1,622,775
18. Mar 19 Buy La Scogliera S.p.A. Company 15. Mar 19 15. Mar 19 10,000 €15.64 €155,675
18. Mar 19 Sell Alchimia S.p.a. Company 14. Mar 19 14. Mar 19 -32,500 €15.73 €-511,160
15. Mar 19 Buy La Scogliera S.p.A. Company 14. Mar 19 14. Mar 19 10,000 €15.77 €156,825
X
Management checks
We assess Banca IFIS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Banca IFIS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0I6 News

Simply Wall St News

0I6 Company Info

Description

Banca IFIS S.p.A. engages in trade receivables, corporate banking, leasing, NPL area, and tax receivables businesses in Italy and internationally. The company offers factoring solutions, including non-recourse/recourse, export/import, direct/indirect, and maturity factoring; outright purchases; advances on future receivables; and advances for the acquisition of certified receivables. It also provides corporate banking products, such as medium/long-term and structured finance; equipment and vehicle leasing, as well as equipment rental services; and short- and medium-term financing, and trade receivables support for health services’ suppliers and pharmacists. In addition, the company acquires/sells and manages portfolios of non-performing loans; and collects direct and indirect taxes and tax receivables. Further, it engages in retail funding business by offering Rendimax, an online savings account for individuals, companies, and insolvency proceedings; and Contomax, an online crowd current account. The company was founded in 1983 and is based in Mestre, Italy. Banca IFIS S.p.A. is a subsidiary of La Scogliera S.p.A.

Details
Name: Banca IFIS S.p.A.
0I6
Exchange: DB
Founded: 1983
€787,347,238
53,451,951
Website: http://www.bancaifis.it
Address: Banca IFIS S.p.A.
Via Terraglio 63,
Mestre,
Venice, 30174,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT IF Common Stock Borsa Italiana IT EUR 06. Aug 2001
DB 0I6 Common Stock Deutsche Boerse AG DE EUR 06. Aug 2001
LSE 0NBX Common Stock London Stock Exchange GB EUR 06. Aug 2001
BATS-CHIXE IFM Common Stock BATS 'Chi-X Europe' GB EUR 06. Aug 2001
Number of employees
Current staff
Staff numbers
1,793
Banca IFIS employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:20
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/25
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.