IF Stock Analysis: Banca IFIS | MI
Banks - Regional | MI, Italy | Market Cap: 927m EUR | 12M Return: -40.1% | IT0003188064 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.99M
Rev. Trend: 84.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
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.
Banca IFIS S.p.A. is an Italian financial services group listed on Borsa Italiana (ticker: IF) and classified within the GICS Specialized Finance sub-industry. Founded in 1983 and headquartered in Mestre, the company focuses on providing financial solutions primarily to enterprises, with a business model built around three main pillars: commercial banking services (factoring, leasing, structured finance, and medium/long-term loans), retail credit (salary-backed loans, or cessione del quinto), and the purchase and management of non-performing loan (NPL) portfolios.
The company offers a broad product range, including savings and current accounts, time deposits, and insurance for clients; factoring, advisory, equity investment, structured finance, leasing, and industrial investment loans for businesses; salary-backed loan servicing technology; and financial advisory and M&A services. It also operates in cross-border trade finance, providing import/export factoring and foreign banking services.
Banca IFISs factoring and NPL management activities place it in segments that have historically been important in Italy, where SMEs form the backbone of the economy and where the secondary market for non-performing loans developed significantly following the European banking sectors cleanup of legacy distressed assets in the 2010s. Salary-backed loans, meanwhile, represent a distinct Italian consumer credit product guaranteed by the borrowers employer, typically repaid through direct deduction from the paycheck.
- Italian SME factoring demand drives core segment loan growth
- NPL portfolio acquisitions expand with rising distressed debt supply
- ECB rate hikes expand net interest margin on core banking book
| Net Income: 248.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.82 > 1.0 |
| NWC/Revenue: -258.4% < 20% (prev -446.7%; Δ 188.3% < -1%) |
| CFO/TA -0.01 > 3% & CFO -118.8m > Net Income 248.7m |
| Net Debt (8.57b) to EBITDA (272.1m): 31.51 < 3 |
| Current Ratio: 0.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (61.1m) vs 12m ago 15.09% < -2% |
| Gross Margin: 89.59% > 18% (prev 57.43%; Δ 32.16% > 0.5%) |
| Asset Turnover: 6.21% > 50% (prev 7.29%; Δ -1.08% > 0%) |
| Interest Coverage Ratio: 0.55 > 6 (EBIT TTM 263.1m / Interest Expense TTM 474.6m) |
| A: -0.13 (Total Current Assets 568.1m - Total Current Liabilities 3.39b) / Total Assets 21.1b |
| B: 0.00 (Retained Earnings 7.80m / Total Assets 21.1b) |
| C: 0.01 (EBIT TTM 263.1m / Avg Total Assets 17.6b) |
| D: 0.11 (Book Value of Equity 2.06b / Total Liabilities 19.1b) |
| Altman-Z'' = -0.66 = B |
As of September 27, 2026, the stock is trading at EUR 12.45 with a total of 2,742,189 shares traded. Over the past week, the price has changed by -17.93%, over one month by -16.55%, over three months by -41.60% and over the past year by -40.08%.
Current recommended Stop Loss: 11.90 (which is 4.4% or 1.3 ATR below the current price).
Banca IFIS has no consensus analysts rating.
P/E Trailing = 3.5948
P/E Forward = 6.9493
P/S = 1.3725
P/B = 0.4517
Revenue TTM = 1.09b EUR
EBIT TTM = 263.1m EUR
EBITDA TTM = 272.1m EUR
Long Term Debt = 4.43b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 3.39b EUR (from shortTermDebt, last quarter)
Debt = 9.14b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.57b EUR (calculated: Debt 9.14b - CCE 568.1m)
Enterprise Value = 9.50b EUR (926.6m + Debt 9.14b - CCE 568.1m)
Interest Coverage Ratio = 0.55 (Ebit TTM 263.1m / Interest Expense TTM 474.6m)
EV/FCF = -57.24x (Enterprise Value 9.50b / FCF TTM -165.9m)
FCF Yield = -1.75% (FCF TTM -165.9m / Enterprise Value 9.50b)
FCF Margin = -15.22% (FCF TTM -165.9m / Revenue TTM 1.09b)
Net Margin = 22.80% (Net Income TTM 248.7m / Revenue TTM 1.09b)
Gross Margin = 89.59% ((Revenue TTM 1.09b - Cost of Revenue TTM 113.5m) / Revenue TTM)
Gross Margin QoQ = 16.90% (prev none%)
Tobins Q-Ratio = 0.45 (Enterprise Value 9.50b / Total Assets 21.1b)
Interest Expense / Debt = 5.19% (Interest Expense 474.6m / Debt 9.14b)
Taxrate = 5.34% (14.0m / 263.1m)
NOPAT = 249.0m (EBIT 263.1m * (1 - 5.34%))
Current Ratio = 0.17 (Total Current Assets 568.1m / Total Current Liabilities 3.39b)
Debt / Equity = 4.44 (Debt 9.14b / totalStockholderEquity, last quarter 2.06b)
Debt / EBITDA = 31.51 (Net Debt 8.57b / EBITDA 272.1m)
Debt / FCF = -51.66 (negative FCF - burning cash) (Net Debt 8.57b / FCF TTM -165.9m)
Total Stockholder Equity = 2.17b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.42% (Net Income 248.7m / Total Assets 21.1b)
RoE = 11.48% (Net Income TTM 248.7m / Total Stockholder Equity 2.17b)
RoCE = 3.99% (EBIT 263.1m / Capital Employed (Equity 2.17b + L.T.Debt 4.43b))
RoIC = 1.18% (NOPAT 249.0m / Invested Capital 21.1b)
WACC = 5.03% (E(926.6m)/V(10.1b) * Re(6.15%) + D(9.14b)/V(10.1b) * Rd(5.19%) * (1-Tc(0.05)))
Discount Rate = 6.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.25 | Cagr: 6.99%
[DCF] Fair Price = unknown (Cash Flow -165.9m)
Revenue Correlation: 84.78 | Revenue CAGR: 28.13% | SUE: 0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=0.50 | Chg30d=-4.62% | Revisions=-40% | GrowthEPS=-73.6% | GrowthRev=+19.2%
EPS next Year (2027-12-31): EPS=2.06 | Chg30d=-0.46% | Revisions=-40% | GrowthEPS=+316.7% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: -57% (up=0, down=4)