Banca Sistema S.p.A
Banca Sistema S.p.A. provides various business and retail banking products and services in Italy. The company offers factoring services that cover non-recourse and recourse factoring, VAT receivables, maturity factoring, receivables certifications, and credit management products; and online factoring services. Its banking solutions comprising current and securities accounts, and time deposits, as… Read more
Banca Sistema S.p.A (0R9H) - Net Assets
Latest net assets as of December 2025: €320.14 Million EUR
Based on the latest financial reports, Banca Sistema S.p.A (0R9H) has net assets worth €320.14 Million EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.35 Billion) and total liabilities (€4.03 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 | €320.14 Million |
| % of Total Assets | 7.36% |
| Annual Growth Rate | 25.81% |
| 5-Year Change | 45.5% |
| 10-Year Change | 180.04% |
| Growth Volatility | 35.09 |
Banca Sistema S.p.A - Net Assets Trend (2012–2025)
This chart illustrates how Banca Sistema 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 Banca Sistema S.p.A (2012–2025)
The table below shows the annual net assets of Banca Sistema S.p.A from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €320.14 Million | +18.93% |
| 2024-12-31 | €269.18 Million | -1.74% |
| 2023-12-31 | €273.95 Million | +7.05% |
| 2022-12-31 | €255.90 Million | +16.30% |
| 2021-12-31 | €220.03 Million | +6.05% |
| 2020-12-31 | €207.49 Million | +17.12% |
| 2019-12-31 | €177.15 Million | +15.67% |
| 2018-12-31 | €153.15 Million | +13.64% |
| 2017-12-31 | €134.77 Million | +17.89% |
| 2016-12-31 | €114.32 Million | +22.45% |
| 2015-12-31 | €93.36 Million | +127.42% |
| 2014-12-31 | €41.05 Million | +86.79% |
| 2013-12-31 | €21.98 Million | +35.72% |
| 2012-12-31 | €16.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Banca Sistema 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €320.14 Million | 100.00% |
| Total Equity | €320.14 Million | 100.00% |
Banca Sistema S.p.A Competitors by Market Cap
The table below lists competitors of Banca Sistema S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Absa Group Ltd
JSE:ABG
|
$91.91 Million |
|
Tucows Inc.
NASDAQ:TCX
|
$91.91 Million |
|
Gear Energy Ltd
OTCQX:GENGF
|
$91.93 Million |
|
Solstad Offshore ASA
PINK:SLOFF
|
$91.96 Million |
|
SPCG Public Company Limited
BK:SPCG
|
$91.84 Million |
|
Croghan Bancshares Inc
OTCQB:CHBH
|
$91.84 Million |
|
OSWALPUMPS
NSE:OSWALPUMPS
|
$91.82 Million |
|
Delta Plus Group SA
PA:ALDLT
|
$91.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banca Sistema S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 300,100,000 to 320,137,000, a change of 20,037,000 (6.7%).
- Net income of 42,341,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 49,710,000.
- Other factors increased equity by 27,406,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €42.34 Million | +13.23% |
| Other Comprehensive Income | €-49.71 Million | -15.53% |
| Other Changes | €27.41 Million | +8.56% |
| Total Change | €- | 6.68% |
Book Value vs Market Value Analysis
This analysis compares Banca Sistema 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: 0.45x
- 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 6.76x to 0.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | €0.25 | €1.67 | x |
| 2013-12-31 | €0.31 | €1.67 | x |
| 2014-12-31 | €0.58 | €1.67 | x |
| 2015-12-31 | €1.16 | €1.67 | x |
| 2016-12-31 | €1.42 | €1.67 | x |
| 2017-12-31 | €1.68 | €1.67 | x |
| 2018-12-31 | €1.91 | €1.67 | x |
| 2019-12-31 | €2.21 | €1.67 | x |
| 2020-12-31 | €2.47 | €1.67 | x |
| 2021-12-31 | €2.62 | €1.67 | x |
| 2022-12-31 | €3.07 | €1.67 | x |
| 2023-12-31 | €3.32 | €1.67 | x |
| 2024-12-31 | €3.74 | €1.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banca Sistema 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): 13.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.98%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 13.59x
- Recent ROE (13.23%) is below the historical average (17.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 12.91% | 9.33% | 0.02x | 65.09x | €470.70K |
| 2013 | 31.86% | 20.12% | 0.02x | 91.16x | €4.80 Million |
| 2014 | 47.60% | 32.02% | 0.03x | 50.70x | €15.43 Million |
| 2015 | 18.86% | 18.44% | 0.04x | 25.83x | €8.27 Million |
| 2016 | 22.15% | 25.55% | 0.05x | 17.49x | €13.88 Million |
| 2017 | 19.89% | 25.68% | 0.05x | 17.14x | €13.32 Million |
| 2018 | 17.74% | 22.91% | 0.04x | 20.54x | €11.85 Million |
| 2019 | 16.78% | 21.70% | 0.04x | 21.06x | €12.01 Million |
| 2020 | 13.20% | 28.39% | 0.03x | 18.52x | €6.33 Million |
| 2021 | 11.05% | 17.32% | 0.04x | 17.62x | €2.20 Million |
| 2022 | 8.96% | 15.97% | 0.03x | 17.88x | €-2.55 Million |
| 2023 | 6.19% | 16.70% | 0.02x | 17.13x | €-10.17 Million |
| 2024 | 8.40% | 8.64% | 0.06x | 15.67x | €-4.81 Million |
| 2025 | 13.23% | 13.98% | 0.07x | 13.59x | €10.33 Million |
Industry Comparison
This section compares Banca Sistema S.p.A's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banca Sistema S.p.A (0R9H) | €320.14 Million | 12.91% | 12.59x | $91.86 Million |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |