BANCA GENERALI SPA (BGN.MI) Stock Fundamental Analysis
BIT:BGN - Euronext Milan - IT0001031084 - Common Stock - Currency: EUR
Taking everything into account, BGN scores 5 out of 10 in our fundamental rating. BGN was compared to 106 industry peers in the Capital Markets industry. While BGN has a great profitability rating, there are quite some concerns on its financial health. BGN has a correct valuation and a medium growth rate. Finally BGN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
BGN had positive earnings in the past year.
BGN had a positive operating cash flow in the past year.
Each year in the past 5 years BGN has been profitable.
Of the past 5 years BGN 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BGN (3.88%) is better than 71.70% of its industry peers.
Looking at the Return On Equity, with a value of 44.68%, BGN belongs to the top of the industry, outperforming 99.06% of the companies in the same industry.
BGN has a better Return On Invested Capital (4.26%) than 65.09% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BGN is significantly below the industry average of 8.17%.
The 3 year average ROIC (2.08%) for BGN is below the current ROIC(4.26%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.88% | ||
| ROE | 44.68% | ||
| ROIC | 4.26% |
ROA(3y)1.97%
ROA(5y)2%
ROE(3y)25.46%
ROE(5y)25.76%
ROIC(3y)2.08%
ROIC(5y)2.02%
1.3 Margins
BGN has a better Profit Margin (28.26%) than 76.42% of its industry peers.
In the last couple of years the Profit Margin of BGN has remained more or less at the same level.
The Operating Margin of BGN (41.29%) is better than 83.02% of its industry peers.
In the last couple of years the Operating Margin of BGN has remained more or less at the same level.
Looking at the Gross Margin, with a value of 63.91%, BGN is in the better half of the industry, outperforming 70.75% of the companies in the same industry.
In the last couple of years the Gross Margin of BGN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.29% | ||
| PM (TTM) | 28.26% | ||
| GM | 63.91% |
OM growth 3Y3.47%
OM growth 5Y1.48%
PM growth 3Y1.03%
PM growth 5Y-0.14%
GM growth 3Y2.26%
GM growth 5Y1.11%
2. Health
2.1 Basic Checks
Compared to 1 year ago, BGN has about the same amount of shares outstanding.
The number of shares outstanding for BGN has been reduced compared to 5 years ago.
BGN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.27, we must say that BGN is in the distress zone and has some risk of bankruptcy.
BGN has a Altman-Z score of -0.27. This is in the lower half of the industry: BGN underperforms 60.38% of its industry peers.
The Debt to FCF ratio of BGN is 22.21, which is on the high side as it means it would take BGN, 22.21 years of fcf income to pay off all of its debts.
BGN has a better Debt to FCF ratio (22.21) than 67.92% of its industry peers.
A Debt/Equity ratio of 9.94 is on the high side and indicates that BGN has dependencies on debt financing.
BGN's Debt to Equity ratio of 9.94 is on the low side compared to the rest of the industry. BGN is outperformed by 66.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.94 | ||
| Debt/FCF | 22.21 | ||
| Altman-Z | -0.27 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
BGN has a Current Ratio of 0.09. This is a bad value and indicates that BGN is not financially healthy enough and could expect problems in meeting its short term obligations.
BGN has a worse Current ratio (0.09) than 61.32% of its industry peers.
BGN has a Quick Ratio of 0.09. This is a bad value and indicates that BGN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of BGN (0.09) is worse than 61.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 |
3. Growth
3.1 Past
BGN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.49%, which is quite impressive.
BGN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.97% yearly.
Looking at the last year, BGN shows a quite strong growth in Revenue. The Revenue has grown by 19.16% in the last year.
The Revenue has been growing by 9.79% on average over the past years. This is quite good.
EPS 1Y (TTM)33.49%
EPS 3Y10.42%
EPS 5Y9.97%
EPS Q2Q%26.7%
Revenue 1Y (TTM)19.16%
Revenue growth 3Y8.98%
Revenue growth 5Y9.79%
Sales Q2Q%18.45%
3.2 Future
The Earnings Per Share is expected to grow by 1.45% on average over the next years.
The Revenue is expected to grow by 1.01% on average over the next years.
EPS Next Y-6.51%
EPS Next 2Y-1.52%
EPS Next 3Y0.94%
EPS Next 5Y1.45%
Revenue Next Year-3.57%
Revenue Next 2Y0.14%
Revenue Next 3Y1.91%
Revenue Next 5Y1.01%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.43, which indicates a very decent valuation of BGN.
Compared to the rest of the industry, the Price/Earnings ratio of BGN indicates a rather cheap valuation: BGN is cheaper than 83.02% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.18, BGN is valued rather cheaply.
A Price/Forward Earnings ratio of 16.17 indicates a correct valuation of BGN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BGN indicates a somewhat cheap valuation: BGN is cheaper than 70.75% of the companies listed in the same industry.
BGN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 16.17 |
4.2 Price Multiples
BGN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BGN is cheaper than 85.85% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BGN indicates a rather cheap valuation: BGN is cheaper than 89.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.64 | ||
| EV/EBITDA | 6.49 |
4.3 Compensation for Growth
BGN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.95
EPS Next 2Y-1.52%
EPS Next 3Y0.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.37%, BGN is a good candidate for dividend investing.
BGN's Dividend Yield is rather good when compared to the industry average which is at 6.56. BGN pays more dividend than 82.08% of the companies in the same industry.
BGN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
5.2 History
On average, the dividend of BGN grows each year by 12.15%, which is quite nice.
Dividend Growth(5Y)12.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
38.84% of the earnings are spent on dividend by BGN. This is a low number and sustainable payout ratio.
BGN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP38.84%
EPS Next 2Y-1.52%
EPS Next 3Y0.94%
BIT:BGN (5/5/2025, 12:11:50 PM)
53.95
+0.75 (+1.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners25.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.30B
Analysts70
Price Target51.82 (-3.95%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
Yearly Dividend2.22
Dividend Growth(5Y)12.15%
DP38.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.96%
PT rev (3m)14.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.87%
EPS NY rev (3m)4.2%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.81%
Revenue NY rev (3m)1.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 16.17 | ||
| P/S | 2.73 | ||
| P/FCF | 9.64 | ||
| P/OCF | 9.3 | ||
| P/B | 4.32 | ||
| P/tB | 4.83 | ||
| EV/EBITDA | 6.49 |
EPS(TTM)5.72
EY10.6%
EPS(NY)3.34
Fwd EY6.18%
FCF(TTM)5.59
FCFY10.37%
OCF(TTM)5.8
OCFY10.76%
SpS19.75
BVpS12.49
TBVpS11.18
PEG (NY)N/A
PEG (5Y)0.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.88% | ||
| ROE | 44.68% | ||
| ROCE | 39.71% | ||
| ROIC | 4.26% | ||
| ROICexc | 4.26% | ||
| ROICexgc | 4.39% | ||
| OM | 41.29% | ||
| PM (TTM) | 28.26% | ||
| GM | 63.91% | ||
| FCFM | 28.32% |
ROA(3y)1.97%
ROA(5y)2%
ROE(3y)25.46%
ROE(5y)25.76%
ROIC(3y)2.08%
ROIC(5y)2.02%
ROICexc(3y)2.19%
ROICexc(5y)2.15%
ROICexgc(3y)2.26%
ROICexgc(5y)2.21%
ROCE(3y)19.82%
ROCE(5y)19.31%
ROICexcg growth 3Y10.33%
ROICexcg growth 5Y4.16%
ROICexc growth 3Y9.91%
ROICexc growth 5Y4.01%
OM growth 3Y3.47%
OM growth 5Y1.48%
PM growth 3Y1.03%
PM growth 5Y-0.14%
GM growth 3Y2.26%
GM growth 5Y1.11%
F-Score8
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.94 | ||
| Debt/FCF | 22.21 | ||
| Debt/EBITDA | 14.58 | ||
| Cap/Depr | 57.76% | ||
| Cap/Sales | 1.05% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.13% | ||
| Profit Quality | 100.23% | ||
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 | ||
| Altman-Z | -0.27 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)60.41%
Cap/Depr(5y)53.91%
Cap/Sales(3y)1.82%
Cap/Sales(5y)1.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.49%
EPS 3Y10.42%
EPS 5Y9.97%
EPS Q2Q%26.7%
EPS Next Y-6.51%
EPS Next 2Y-1.52%
EPS Next 3Y0.94%
EPS Next 5Y1.45%
Revenue 1Y (TTM)19.16%
Revenue growth 3Y8.98%
Revenue growth 5Y9.79%
Sales Q2Q%18.45%
Revenue Next Year-3.57%
Revenue Next 2Y0.14%
Revenue Next 3Y1.91%
Revenue Next 5Y1.01%
EBIT growth 1Y29.61%
EBIT growth 3Y12.77%
EBIT growth 5Y11.41%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y870.44%
FCF growth 3Y-17.34%
FCF growth 5YN/A
OCF growth 1Y614.32%
OCF growth 3Y-16.68%
OCF growth 5YN/A