BAMI Stock Analysis: Banco Bpm | MI
Banks - Regional | MI, Italy | Market Cap: 23.635m EUR | 12M Return: 38.1% | IT0005218380 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 75.7M
Qual. Beats: 0
Rev. Trend: 32.3%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Banco BPM S.p.A. is an Italian diversified bank offering retail, commercial, and corporate banking products and services across six operating segments: Commercial Banking, Corporate and Investment Banking, Asset Management and Insurance, Other Partnerships, Finance, and Corporate Centre. Its product range spans current and digital accounts, mortgages, personal and business loans, credit and debit cards, insurance products, leasing, trade finance, and investment banking services such as M&A and debt capital markets. The bank also provides asset management solutions, including mutual funds, pension funds, and certificate products.
The company was formed in January 2017 through the merger of its predecessor entities and is headquartered in Verona, Italy. As a large-cap Italian bank within the Diversified Banks sub-industry, Banco BPM operates predominantly in the domestic market, serving individuals, small and medium-sized businesses, and larger corporate clients with a mix of traditional and digital banking channels.
- Net interest margin expansion lifts retail banking profits
- UniCredit takeover bid speculation drives valuation premium
- NPL portfolio disposal cuts credit costs and boosts returns
| Net Income: 2.23b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.13 > 1.0 |
| NWC/Revenue: 18.20% < 20% (prev -2.18k%; Δ 2.20k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 4.88b > Net Income 2.23b |
| Net Debt (29.0b) to EBITDA (4.39b): 6.59 < 3 |
| Current Ratio: 5.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.53b) vs 12m ago 1.59% < -2% |
| Gross Margin: 77.98% > 18% (prev 36.60%; Δ 41.38% > 0.5%) |
| Asset Turnover: 5.89% > 50% (prev 2.62%; Δ 3.27% > 0%) |
| Interest Coverage Ratio: 1.79 > 6 (EBIT TTM 4.24b / Interest Expense TTM 2.37b) |
| A: 0.01 (Total Current Assets 2.81b - Total Current Liabilities 552.0m) / Total Assets 211b |
| B: 0.03 (Retained Earnings 6.01b / Total Assets 211b) |
| C: 0.02 (EBIT TTM 4.24b / Avg Total Assets 211b) |
| D: 0.08 (Book Value of Equity 15.6b / Total Liabilities 195b) |
| Altman-Z'' = 0.38 = B |
As of September 27, 2026, the stock is trading at EUR 16.40 with a total of 5,344,963 shares traded. Over the past week, the price has changed by +4.46%, over one month by +1.11%, over three months by +7.12% and over the past year by +38.09%.
Current recommended Stop Loss: 15.50 (which is 5.5% or 2.6 ATR below the current price).
Banco Bpm has no consensus analysts rating.
P/E Trailing = 12.3622
P/E Forward = 7.0028
P/S = 4.4315
P/B = 1.5128
P/EG = 1.8108
Revenue TTM = 12.4b EUR
EBIT TTM = 4.24b EUR
EBITDA TTM = 4.39b EUR
Long Term Debt = 25.3b EUR (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 31.8b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 29.0b EUR (calculated: Debt 31.8b - CCE 2.81b)
Enterprise Value = 52.6b EUR (23.6b + Debt 31.8b - CCE 2.81b)
Interest Coverage Ratio = 1.79 (Ebit TTM 4.24b / Interest Expense TTM 2.37b)
EV/FCF = 10.99x (Enterprise Value 52.6b / FCF TTM 4.79b)
FCF Yield = 9.10% (FCF TTM 4.79b / Enterprise Value 52.6b)
FCF Margin = 38.52% (FCF TTM 4.79b / Revenue TTM 12.4b)
Net Margin = 17.93% (Net Income TTM 2.23b / Revenue TTM 12.4b)
Gross Margin = 77.98% ((Revenue TTM 12.4b - Cost of Revenue TTM 2.74b) / Revenue TTM)
Gross Margin QoQ = 73.29% (prev none%)
Tobins Q-Ratio = 0.25 (Enterprise Value 52.6b / Total Assets 211b)
Interest Expense / Debt = 7.46% (Interest Expense 2.37b / Debt 31.8b)
Taxrate = 34.14% (1.42b / 4.17b)
NOPAT = 2.79b (EBIT 4.24b * (1 - 34.14%))
Current Ratio = 5.10 (Total Current Assets 2.81b / Total Current Liabilities 552.0m)
Debt / Equity = 2.03 (Debt 31.8b / totalStockholderEquity, last quarter 15.6b)
Debt / EBITDA = 6.59 (Net Debt 29.0b / EBITDA 4.39b)
Debt / FCF = 6.05 (Net Debt 29.0b / FCF TTM 4.79b)
Total Stockholder Equity = 15.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.06% (Net Income 2.23b / Total Assets 211b)
RoE = 14.34% (Net Income TTM 2.23b / Total Stockholder Equity 15.5b)
RoCE = 10.37% (EBIT 4.24b / Capital Employed (Equity 15.5b + L.T.Debt 25.3b))
RoIC = 1.33% (NOPAT 2.79b / Invested Capital 210b)
WACC = 5.90% (E(23.6b)/V(55.4b) * Re(7.23%) + D(31.8b)/V(55.4b) * Rd(7.46%) * (1-Tc(0.34)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -25.66 | Cagr: 0.53%
[DCF] Terminal Value 74.68% ; FCFF base≈4.89b ; Y1≈4.69b ; Y5≈4.53b
[DCF] Fair Price = 28.07 (EV 71.2b - Net Debt 29.0b = Equity 42.3b / Shares 1.51b; r=8.35% [WACC [floored]]; 5y FCF grow -5.39% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.39 | # QB: 0
Revenue Correlation: 32.33 | Revenue CAGR: 11.00% | SUE: 1.76 | # QB: 1
EPS current Quarter (2025-06-30): EPS=0.36 | Chg30d=+17.76% | Revisions=+40% | Analysts=2
EPS next Quarter (2025-09-30): EPS=0.26 | Chg30d=+2.48% | Revisions=-25% | Analysts=3
EPS current Year (2025-12-31): EPS=1.21 | Chg30d=+0.28% | Revisions=+0% | GrowthEPS=+8.0% | GrowthRev=+4.3%
EPS next Year (2026-12-31): EPS=1.33 | Chg30d=-0.52% | Revisions=+79% | GrowthEPS=+7.5% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: +48% (up=17, down=5)