Banco di Desio e della Brianza S.p.A. (BDB) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Banco di Desio e della Brianza S.p.A. €13.99, price €18.56, upside -24.6%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €2.00 – €19.06 · fair‑value band €10.49 – €17.49 · the €18.56 price screens above the €13.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Banco di Desio e della Brianza S.p.A. provides banking products and services to individuals and enterprises in Italy. The company offers current and deposit accounts; and debit and credit cards.
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Banco di Desio e della Brianza S.p.A. provides banking products and services to individuals and enterprises in Italy. The company offers current and deposit accounts; and debit and credit cards. It also provides financing products and mortgages; insurance and social security services; investments and saving products, insurance investment products, and funds and SICAVs; POS solutions; business partnerships services, such as corporate advisory and private debt, and energy self-sufficiency solutions; and financing products for the international market, risk coverage solutions, and international bank guarantees. In addition, the company offers asset management; DesioValue and titles; and internet banking services. The company was incorporated in 1909 and is headquartered in Desio, Italy. Banco di Desio e della Brianza S.p.A. is a subsidiary of Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A.
Stock analysis
Banco di Desio e della Brianza S.p.A. (BDB) currently trades at €18.56, while our model-based Fair Value estimate is €13.99, implying the stock looks roughly 32.7% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €12.59 per share, and 0 of the 4 models we run sit above the €18.56 price.
Bear case: the Asset-Based group reads lowest at €7.60, and 4 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: €10.49 (bear) to €17.49 (bull), the price of €18.56 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Banco di Desio e della Brianza S.p.A. reported revenue of €645M in FY2025 versus €483M in FY2021, a compound +7.5%/yr. Reported net income was €127M in FY2025, compounding +23.4%/yr from FY2021.
Key figures
Market cap €2.4B · P/E ratio 18.9 · P/S ratio 3.74 · EPS (TTM) €0.9800 · Dividend yield 2.8% · Net margin 19.7% · Return on equity 8.6% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 166% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −25%, BDB screens cheaper than that median.
Fair Value models
Bear €10.49Fair Value €13.99Bull €17.49
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.3723 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.3%
Start year 2020 (pandemic). Over 10 years: +2.3% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+29.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.8%
Dividend (yield on the price)2.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.27% vs 13%, picking up
Profit margin 2018 to 2023 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 22%
Compare Banco di Desio e della Brianza S.p.A. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1074 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−26% · Below median
Profitability
Return on equity (TTM)9% · Below median
Return on assets1% · Below median
Net margin (TTM)23% · Below median
Operating margin (TTM)41% · Above median
Growth and dividend
Revenue growth8% · Below median
Dividend yield (TTM)2.8% · Above median
Balance sheet
Debt / equity2.25× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Banco di Desio e della Brianza S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/BDB
Frequently asked questions
Is Banco di Desio e della Brianza S.p.A. (BDB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €13.99 versus a price of €18.56, about −25% upside (overvalued).
What is the fair value of BDB?
Our model-based fair value for Banco di Desio e della Brianza S.p.A. is €13.99 (as of Sep 24, 2026), built from audited fundamentals. The current price: €18.56.
What is the quality score of BDB?
Banco di Desio e della Brianza S.p.A. has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Banco di Desio e della Brianza S.p.A. (BDB)?
Our model-based price target is the fair value of €13.99 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario €10.49, optimistic scenario €17.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Banco di Desio e della Brianza S.p.A. stock forecast for 2026?
Our models put fair value at €13.99, about −25% upside versus a price of €18.56 (overvalued). Cautious scenario €10.49, optimistic scenario €17.49. The calculation is refreshed regularly with new filings.
What is the revenue of Banco di Desio e della Brianza S.p.A. (BDB)?
Banco di Desio e della Brianza S.p.A. reported trailing-twelve-month revenue of about €567M (latest available figure, as of Sep 24, 2026).
Does Banco di Desio e della Brianza S.p.A. pay a dividend?
Banco di Desio e della Brianza S.p.A. currently shows a dividend yield of about 2.75% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Banco di Desio e della Brianza S.p.A. (BDB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banco di Desio e della Brianza S.p.A. it is €13.99 per share (as of Sep 24, 2026), against a price of €18.56. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Banco di Desio e della Brianza S.p.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BDB trades above its calculated fair value: price €18.56, fair value €13.99, a gap of about −25% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BDB?
No. The price is what the market pays today (€18.56); the fair value is what the company's own numbers justify (€13.99). For Banco di Desio e della Brianza S.p.A. the two are €4.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banco di Desio e della Brianza S.p.A. worth?
The market values Banco di Desio e della Brianza S.p.A. at about €2.4B (market capitalisation, as of Sep 24, 2026). Per share that is €18.56; our models calculate a fair value of €13.99 per share.
What do the bullish and bearish scenarios say about BDB?
Our models span a range for Banco di Desio e della Brianza S.p.A.: cautious scenario €10.49, base €13.99, optimistic €17.49 per share (as of Sep 24, 2026, price €18.56). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BDB?
Banco di Desio e della Brianza S.p.A. trades at a price-to-earnings ratio of 18.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €13.99 is built from several models across several years. Other multiples: P/B 1.9, P/S 4.9, EV/EBITDA 37.8.
How solid is the balance sheet of Banco di Desio e della Brianza S.p.A. (BDB)?
Balance-sheet figures for Banco di Desio e della Brianza S.p.A. (as of Sep 24, 2026): return on equity 9.0%, debt of 2.25 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is BDB from its 52-week high?
Banco di Desio e della Brianza S.p.A. trades at €18.56, about 3% below its 52-week high of €19.06 and 166% above the low of €6.98 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €13.99 is for.
Which stocks are comparable to Banco di Desio e della Brianza S.p.A.?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Banco di Desio e della Brianza S.p.A. stock attractive at the current price?
The data as of Sep 24, 2026: price €18.56, calculated fair value €13.99 (−25%), Quality Score 44/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BDB calculated?
We run Banco di Desio e della Brianza S.p.A. through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €13.99, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Banco di Desio e della Brianza S.p.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Banco di Desio e della Brianza S.p.A. (BDB)?
The closing price on Sep 23, 2026 was €18.56. Our model-based fair value is €13.99, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banco di Desio e della Brianza S.p.A. right now?
The price sits above even our optimistic bull case (€17.49). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Banco di Desio e della Brianza S.p.A. (BDB) come from?
Earnings per share at Banco di Desio e della Brianza S.p.A. grew +16.7 % a year from 2012 to 2023. Broken into its drivers: revenue per share +2.0 %, EBIT margin −6.5 %, tax rate +2.3 %, residual (interest, one-offs) +19.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Banco di Desio e della Brianza S.p.A.
How large is the market capitalisation of Banco di Desio e della Brianza S.p.A. (BDB)?
The market capitalisation of Banco di Desio e della Brianza S.p.A. is €2.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Banco di Desio e della Brianza S.p.A. (BDB)?
The price-to-sales ratio of Banco di Desio e della Brianza S.p.A. is 3.74 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Banco di Desio e della Brianza S.p.A. (BDB)?
Earnings per share at Banco di Desio e della Brianza S.p.A. are €0.9800 (price ÷ EPS = P/E 18.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banco di Desio e della Brianza S.p.A. (BDB)?
The dividend yield of Banco di Desio e della Brianza S.p.A. is 2.8% (payout 52.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Banco di Desio e della Brianza S.p.A. (BDB)?
The net margin of Banco di Desio e della Brianza S.p.A. is 19.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Banco di Desio e della Brianza S.p.A. (BDB)?
The return on equity (ROE) of Banco di Desio e della Brianza S.p.A. is 8.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Banco di Desio e della Brianza S.p.A. (BDB)?
On an EBIT basis the return on assets of Banco di Desio e della Brianza S.p.A. is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Banco di Desio e della Brianza S.p.A. (BDB)?
The operating margin of Banco di Desio e della Brianza S.p.A. is 40.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banco di Desio e della Brianza S.p.A. (BDB)?
Revenue at Banco di Desio e della Brianza S.p.A. is growing +4.6% versus a year earlier (3y avg +9.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Banco di Desio e della Brianza S.p.A. (BDB)?
Earnings per share at Banco di Desio e della Brianza S.p.A. are growing +2.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Banco di Desio e della Brianza S.p.A. (BDB) generate?
The free cash flow of Banco di Desio e della Brianza S.p.A. is −€256M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Banco di Desio e della Brianza S.p.A. (BDB) carry?
The net debt of Banco di Desio e della Brianza S.p.A. is €3.3B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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