BFF Bank S.p.A
BFF Bank S.p.A. engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain. It offers factoring and lending securities services, payment services, and online deposit account services. The company also undertakes custodian banking for inves… Read more
BFF Bank S.p.A (2BF) - Net Assets
Latest net assets as of September 2025: €980.86 Million EUR
Based on the latest financial reports, BFF Bank S.p.A (2BF) has net assets worth €980.86 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€12.13 Billion) and total liabilities (€11.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €980.86 Million |
| % of Total Assets | 8.08% |
| Annual Growth Rate | 13.39% |
| 5-Year Change | 89.55% |
| 10-Year Change | N/A |
| Growth Volatility | 12.04 |
BFF Bank S.p.A - Net Assets Trend (2017–2024)
This chart illustrates how BFF Bank S.p.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BFF Bank S.p.A (2017–2024)
The table below shows the annual net assets of BFF Bank S.p.A from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €876.81 Million | +15.55% |
| 2023-12-31 | €758.81 Million | +0.01% |
| 2022-12-31 | €758.77 Million | +32.75% |
| 2021-12-31 | €571.60 Million | +23.57% |
| 2020-12-31 | €462.58 Million | +22.62% |
| 2019-12-31 | €377.25 Million | +3.01% |
| 2018-12-31 | €366.24 Million | +0.66% |
| 2017-12-31 | €363.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BFF Bank S.p.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 104.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €460.44 Million | 52.51% |
| Other Components | €416.37 Million | 47.49% |
| Total Equity | €876.81 Million | 100.00% |
BFF Bank S.p.A Competitors by Market Cap
The table below lists competitors of BFF Bank S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lotte Energy Materials Corporation
KO:020150
|
$540.28 Million |
|
RUBIS
F:BYN
|
$540.31 Million |
|
Shenzhen Strongteam Decoration Engineering Co Ltd
SHE:002989
|
$540.31 Million |
|
Baota Industry Co Ltd
SHE:000595
|
$540.37 Million |
|
WELL HEALTH TECHS
F:W7V
|
$540.14 Million |
|
Chow Sang Sang Holdings International Limited
F:CJW1
|
$540.05 Million |
|
Sterlite Technologies Limited
NSE:STLTECH
|
$539.97 Million |
|
Five Star Bancorp
NASDAQ:FSBC
|
$539.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BFF Bank S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 758,812,000 to 876,806,000, a change of 117,994,000 (15.5%).
- Net income of 215,680,000 contributed positively to equity growth.
- Dividend payments of 101,214,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €215.68 Million | +24.6% |
| Dividends Paid | €101.21 Million | -11.54% |
| Other Changes | €3.53 Million | +0.4% |
| Total Change | €- | 15.55% |
Book Value vs Market Value Analysis
This analysis compares BFF Bank S.p.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.63x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.38x to 0.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €2.14 | €2.94 | x |
| 2018-12-31 | €2.15 | €2.94 | x |
| 2019-12-31 | €2.22 | €2.94 | x |
| 2020-12-31 | €2.72 | €2.94 | x |
| 2021-12-31 | €3.36 | €2.94 | x |
| 2022-12-31 | €4.10 | €2.94 | x |
| 2023-12-31 | €4.07 | €2.94 | x |
| 2024-12-31 | €4.67 | €2.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BFF Bank S.p.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 54.73%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 13.86x
- Recent ROE (24.60%) is below the historical average (26.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 26.26% | 46.68% | 0.05x | 12.22x | €59.16 Million |
| 2018 | 25.16% | 45.32% | 0.04x | 13.49x | €55.53 Million |
| 2019 | 24.69% | 42.66% | 0.04x | 14.61x | €55.43 Million |
| 2020 | 19.69% | 41.06% | 0.04x | 13.08x | €44.81 Million |
| 2021 | 34.53% | 65.44% | 0.03x | 19.55x | €140.21 Million |
| 2022 | 30.58% | 55.89% | 0.03x | 17.58x | €156.17 Million |
| 2023 | 22.62% | 39.21% | 0.04x | 16.20x | €95.78 Million |
| 2024 | 24.60% | 54.73% | 0.03x | 13.86x | €128.00 Million |
Industry Comparison
This section compares BFF Bank S.p.A's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $6,989,858,367
- Average return on equity (ROE) among peers: 12.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BFF Bank S.p.A (2BF) | €980.86 Million | 26.26% | 11.37x | $540.23 Million |
| Yiren Digital Ltd (19YA) | $4.82 Billion | 21.42% | 0.61x | $89.17 Million |
| Yixin Group Limited (1YX) | $15.33 Billion | 2.42% | 1.10x | $716.43 Million |
| Resurs Holding AB (publ) (4R6) | $7.57 Billion | 10.54% | 5.32x | $60.83 Million |
| Genertec Universal Medical Group Company Limited (5UM) | $17.62 Billion | 11.05% | 2.97x | $642.11 Million |
| ALBIS Leasing AG (ALG) | $18.88 Million | 21.27% | 9.03x | $12.44 Million |
| Brockhaus Capital Management AG (BKHT) | $315.34 Million | 15.55% | 1.08x | $77.40 Million |
| Shougang Concord Grand (Group) Limited (CGG) | $1.89 Billion | 1.44% | 0.23x | $23.36 Million |
| Qfin Holdings, Inc. (CKR0) | $15.22 Billion | 38.00% | 1.20x | $1.36 Billion |
| creditshelf Aktiengesellschaft (CSQ) | $128.80 Million | -10.21% | 0.88x | $2.48K |