Banca Sistema SpA
MIL:BST

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Banca Sistema SpA Logo
Banca Sistema SpA
MIL:BST
Watchlist
Price: 1.702 EUR Market Closed
Market Cap: 136.9m EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+21%
5Y
+39%
10Y
+120%
Operating Income
+
3Y
+37%
5Y
+32%
10Y
+106%
Net Income
+
3Y
+25%
5Y
+10%
10Y
+85%

Earnings Waterfall
Banca Sistema SpA

Revenue
153.4m EUR
Cost of Revenue
-17.1m EUR
Gross Profit
136.2m EUR
Operating Expenses
-80.9m EUR
Operating Income
55.4m EUR
Other Expenses
-21.5m EUR
Net Income
33.8m EUR

Income Statement
Banca Sistema SpA

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Income Statement
Currency: EUR
Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Revenue
66
N/A
69
+5%
70
+1%
71
+2%
73
+3%
73
0%
77
+5%
79
+2%
83
+6%
79
-5%
79
-1%
87
+11%
85
-3%
88
+4%
91
+3%
87
-4%
93
+7%
95
+2%
98
+3%
104
+6%
107
+3%
111
+3%
110
0%
108
-2%
109
+1%
115
+6%
115
0%
114
-1%
118
+4%
118
0%
127
+8%
129
+2%
121
-6%
121
0%
113
-6%
111
-2%
120
+8%
124
+3%
130
+4%
138
+6%
141
+2%
156
+11%
153
-2%
Gross Profit
Cost of Revenue
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(3)
(2)
(3)
(2)
(3)
(4)
(5)
(6)
(7)
(7)
(7)
(7)
(7)
(7)
(8)
(10)
(12)
(15)
(15)
(15)
(14)
(13)
(15)
(17)
(19)
(21)
(21)
(20)
(19)
(17)
Gross Profit
65
N/A
68
+5%
68
+1%
70
+2%
72
+3%
71
0%
75
+5%
77
+3%
81
+6%
77
-5%
77
-1%
85
+11%
82
-3%
86
+4%
88
+3%
84
-4%
91
+8%
92
+1%
94
+2%
100
+6%
101
+1%
104
+3%
103
-1%
100
-3%
102
+2%
108
+6%
108
-1%
106
-2%
108
+2%
106
-2%
112
+6%
114
+2%
106
-7%
107
+1%
101
-6%
96
-4%
104
+8%
105
+1%
109
+4%
117
+8%
121
+3%
137
+13%
136
-1%
Operating Income
Operating Expenses
(35)
(36)
(41)
(44)
(47)
(48)
(44)
(44)
(48)
(46)
(48)
(48)
(43)
(46)
(46)
(47)
(49)
(51)
(53)
(55)
(59)
(61)
(61)
(62)
(65)
(69)
(73)
(74)
(73)
(72)
(72)
(74)
(73)
(74)
(74)
(72)
(78)
(78)
(84)
(88)
(79)
(83)
(81)
Selling, General & Administrative
(30)
(32)
(38)
(39)
(42)
(42)
(37)
(38)
(38)
(39)
(39)
(39)
(37)
(38)
(39)
(40)
(41)
(41)
(42)
(43)
(46)
(48)
(47)
(48)
(49)
(53)
(57)
(58)
(59)
(58)
(58)
(59)
(57)
(59)
(60)
(60)
(65)
(65)
(66)
(68)
(69)
(71)
(73)
Depreciation & Amortization
(0)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(4)
(4)
Other Operating Expenses
(4)
(4)
(3)
(5)
(5)
(6)
(6)
(6)
(10)
(7)
(9)
(9)
(6)
(8)
(7)
(7)
(8)
(9)
(10)
(11)
(12)
(11)
(12)
(12)
(13)
(14)
(14)
(13)
(12)
(11)
(11)
(13)
(12)
(12)
(11)
(9)
(10)
(10)
(15)
(16)
(7)
(9)
(4)
Operating Income
30
N/A
31
+6%
27
-14%
26
-4%
25
-5%
23
-5%
31
+35%
33
+3%
33
+3%
31
-8%
29
-8%
37
+30%
39
+5%
40
+2%
42
+4%
37
-11%
42
+13%
41
-3%
41
+0%
45
+9%
42
-6%
42
+1%
42
0%
38
-9%
37
-2%
40
+6%
35
-12%
32
-7%
34
+7%
34
-3%
40
+21%
40
-2%
33
-16%
32
-3%
26
-18%
24
-10%
26
+8%
27
+4%
25
-8%
29
+19%
42
+43%
54
+29%
55
+2%
Pre-Tax Income
Interest Income Expense
0
0
0
0
1
1
3
3
2
2
0
(0)
(0)
(0)
(0)
(0)
0
0
0
0
(0)
0
1
1
1
1
0
(0)
0
(0)
(0)
(0)
(0)
(0)
0
0
0
0
0
(0)
(0)
(0)
0
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
0
(0)
(2)
(2)
(4)
(3)
(1)
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
0
0
0
0
0
(0)
0
(0)
0
0
0
0
0
0
Pre-Tax Income
30
N/A
32
+6%
27
-14%
26
-4%
26
-2%
24
-5%
34
+43%
35
+3%
36
+1%
33
-7%
29
-14%
37
+30%
39
+5%
40
+2%
41
+4%
37
-11%
42
+14%
41
-3%
41
0%
44
+9%
41
-7%
42
+2%
43
+1%
38
-12%
37
-2%
37
-1%
32
-13%
31
-4%
34
+12%
35
+0%
41
+17%
40
-2%
33
-17%
32
-2%
26
-18%
24
-10%
26
+8%
27
+4%
25
-8%
29
+18%
42
+44%
54
+29%
55
+3%
Net Income
Tax Provision
(10)
(10)
(9)
(8)
(8)
(7)
(10)
(10)
(10)
(9)
(9)
(11)
(12)
(13)
(13)
(13)
(15)
(14)
(14)
(15)
(12)
(12)
(12)
(10)
(11)
(11)
(10)
(10)
(11)
(11)
(13)
(13)
(11)
(11)
(9)
(8)
(9)
(9)
(9)
(11)
(15)
(20)
(20)
Income from Continuing Operations
20
21
18
18
18
17
25
26
25
24
20
26
27
27
28
24
28
27
27
29
29
30
31
28
26
26
22
21
24
24
27
27
23
22
18
16
17
18
16
18
27
34
36
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
Net Income (Common)
20
N/A
21
+9%
18
-14%
18
-2%
18
-2%
17
-4%
25
+46%
26
+3%
25
-1%
24
-6%
20
-17%
26
+31%
27
+4%
27
+1%
28
+3%
24
-14%
27
+13%
27
-1%
27
+1%
29
+9%
30
+1%
30
+0%
31
+4%
28
-9%
26
-7%
26
0%
22
-14%
21
-5%
23
+9%
23
0%
27
+16%
26
-2%
22
-16%
21
-3%
17
-19%
16
-10%
17
+6%
17
+3%
15
-11%
17
+16%
25
+44%
33
+30%
34
+4%
EPS (Diluted)
0.28
N/A
0.3
+7%
0.26
-13%
0.17
-35%
0.22
+29%
0.2
-9%
0.29
+45%
0.31
+7%
0.31
N/A
0.29
-6%
0.24
-17%
0.32
+33%
0.33
+3%
0.34
+3%
0.35
+3%
0.3
-14%
0.34
+13%
0.33
-3%
0.34
+3%
0.36
+6%
0.36
N/A
0.37
+3%
0.38
+3%
0.35
-8%
0.33
-6%
0.32
-3%
0.28
-13%
0.26
-7%
0.29
+12%
0.29
N/A
0.34
+17%
0.33
-3%
0.28
-15%
0.27
-4%
0.22
-19%
0.19
-14%
0.21
+11%
0.21
N/A
0.19
-10%
0.22
+16%
0.31
+41%
0.41
+32%
0.42
+2%

See Also

Summary
BST intrinsic value, competitors valuation, and company profile.
DCF Valuation
BST stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BST stock valuation using valuation multiples.
Wall Street Estimates
BST price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BST stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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