illimity Bank SpA

Chart & Performance

D1W1MN

P/E

2.45

P/S

0.47

EPS

1.26

Div Yield, %

5.89%

Shrs. gr., 5y

7.56%

Rev. gr., 5y

187.52%

Revenues

544m

+107.87%

Net income

104m

+38.60%

CFO

-200m

Dividend

May 20, 20240.2488 EUR/sh

Earnings

Feb 06, 2025

Profile

illimity Bank S.p.A. provides private banking, and investment and trading services in Italy. The company operates through four divisions: Distressed Credit, Growth Credit, Investment Banking, and b-ilty. The Distressed Credit division is involved in the purchase of secured and unsecured corporate distressed loans on primary and secondary markets; provision of financing services primarily in the form of senior financing to investors in distressed loans; and management of corporate non-performing loans portfolios and underlying assets. The Growth Credit division is involved in the financing of the supply chains of the operators of Italian chains and industrial districts through the activity of recourse and non-recourse purchasing of customers' trade receivables; and financing to businesses; and financing solutions for acquisition activities. It also engages in the purchase of loans that are classified as unlikely-to-pay. The Investment Banking division operates in capital markets; implements complex financial transactions for the bank and companies; and provides corporate solutions, which invests in corporate bonds and alternative debts, as well as offers solutions to SMEs and Mid Caps to hedge market risks. The b-ilty division offers digital banking and lending products and services to business customers. Its products include deposits and current accounts; and account aggregator services, as well as digital credit and insurance products. The company also manages the assets of closed end alternative investment funds, own funds, and third-party institutional investors funds. illimity Bank S.p.A. is headquartered in Milan, Italy.

URL

https://www.illimity.com/

IPO date

Mar 05, 2019

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title EUR in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title EUR in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	543,839 107.87%	261,619 26.07%	207,523 55.31%
Cost of revenue	305,285	88,537	69,147
Unusual Expense (Income)
NOPBT	238,554	173,082	138,376
NOPBT Margin	43.86%	66.16%	66.68%
Operating Taxes	47,927	25,536	15,161
Tax Rate	20.09%	14.75%	10.96%
NOPAT	190,627	147,546	123,215
Net income	104,400 38.60%	75,326 14.84%	65,591 111.00%
Dividends	(15,049)
Dividend yield	3.22%
Proceeds from repurchase of equity		(100)	73,872
BB yield		0.02%	-7.44%
Debt
Debt current		761,663	190,650
Long-term debt	26,844	713,685	530,559
Deferred revenue		683,554	529,459
Other long-term liabilities		(686,906)	(530,559)
Net debt	(2,608,440)	(775,673)	(564,558)
Cash flow
Cash from operating activities	(199,810)	200,549	(473,224)
CAPEX	(2,230)	(27,384)	(21,569)
Cash from investing activities	(34,222)	(27,451)	(46,477)
Cash from financing activities	(15,049)	(100)	73,872
FCF	970,824	(491,610)	1,244,641
Balance
Cash	431,696	703,661	577,571
Long term investments	2,203,588	1,547,360	708,196
Excess cash	2,608,092	2,237,940	1,275,391
Stockholders' equity	332,268	808,195	767,593
Invested Capital	6,799,554	6,242,968	4,031,217
ROIC	2.92%	2.87%	3.15%
ROCE	3.34%	2.45%	2.88%
EV
Common stock shares outstanding	85,471	83,180	75,378
Price	5.46 -20.87%	6.90 -47.61%	13.17 46.50%
Market cap	466,670 -18.69%	573,944 -42.19%	992,726 68.07%
EV	(2,136,157)	(201,724)	428,173
EBITDA	238,554	155,811	149,108
EV/EBITDA			2.87
Interest	202,729	74,558	61,223
Interest/NOPBT	84.98%	43.08%	44.24%