BANCA GENERALI SPA (BGN.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:BGN • IT0001031084
56.75 EUR
+0.45 (+0.8%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, BGN scores 5 out of 10 in our fundamental rating. BGN was compared to 118 industry peers in the Capital Markets industry. While BGN belongs to the best of the industry regarding profitability, there are concerns on its financial health. BGN is not valued too expensively and it also shows a decent growth rate. BGN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year BGN was profitable.
- In the past year BGN had a positive cash flow from operations.
- 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
- With a decent Return On Assets value of 3.42%, BGN is doing good in the industry, outperforming 66.95% of the companies in the same industry.
- With an excellent Return On Equity value of 44.44%, BGN belongs to the best of the industry, outperforming 96.61% of the companies in the same industry.
- BGN has a Return On Invested Capital of 3.89%. This is in the better half of the industry: BGN outperforms 64.41% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BGN is significantly below the industry average of 8.65%.
- The last Return On Invested Capital (3.89%) for BGN is above the 3 year average (2.08%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.42% | ||
| ROE | 44.44% | ||
| ROIC | 3.89% |
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
- Looking at the Profit Margin, with a value of 26.04%, BGN is in the better half of the industry, outperforming 68.64% of the companies in the same industry.
- In the last couple of years the Profit Margin of BGN has remained more or less at the same level.
- BGN has a Operating Margin of 38.84%. This is in the better half of the industry: BGN outperforms 77.97% of its industry peers.
- BGN's Operating Margin has been stable in the last couple of years.
- BGN's Gross Margin of 62.76% is fine compared to the rest of the industry. BGN outperforms 72.88% of its industry peers.
- BGN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.84% | ||
| PM (TTM) | 26.04% | ||
| GM | 62.76% |
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.
- Compared to 5 years ago, BGN has less shares outstanding
- The debt/assets ratio for BGN has been reduced compared to a year ago.
2.2 Solvency
- BGN has an Altman-Z score of -0.33. This is a bad value and indicates that BGN is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of -0.33, BGN is in line with its industry, outperforming 41.53% of the companies in the same industry.
- The Debt to FCF ratio of BGN is 26.84, which is on the high side as it means it would take BGN, 26.84 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of BGN (26.84) is better than 62.71% of its industry peers.
- A Debt/Equity ratio of 11.08 is on the high side and indicates that BGN has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 11.08, BGN is doing worse than 69.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 11.08 | ||
| Debt/FCF | 26.84 | ||
| Altman-Z | -0.33 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.06 indicates that BGN may have some problems paying its short term obligations.
- BGN has a Current ratio of 0.06. This is in the lower half of the industry: BGN underperforms 62.71% of its industry peers.
- BGN has a Quick Ratio of 0.06. 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 (0.06) is worse than 62.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.06 | ||
| Quick Ratio | 0.06 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 0.74% over the past year.
- Measured over the past years, BGN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.97% on average per year.
- Looking at the last year, BGN shows a small growth in Revenue. The Revenue has grown by 6.91% 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)0.74%
EPS 3Y10.42%
EPS 5Y9.97%
EPS Q2Q%15.39%
Revenue 1Y (TTM)6.91%
Revenue growth 3Y8.98%
Revenue growth 5Y9.79%
Sales Q2Q%8.39%
3.2 Future
- BGN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.45% yearly.
- Based on estimates for the next years, BGN will show a small growth in Revenue. The Revenue will grow by 2.00% on average per year.
EPS Next Y0.7%
EPS Next 2Y0.48%
EPS Next 3Y1.69%
EPS Next 5Y1.45%
Revenue Next Year2.98%
Revenue Next 2Y2.82%
Revenue Next 3Y3.33%
Revenue Next 5Y2%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- BGN is valuated reasonably with a Price/Earnings ratio of 10.49.
- Based on the Price/Earnings ratio, BGN is valued cheaply inside the industry as 86.44% of the companies are valued more expensively.
- BGN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.30.
- With a Price/Forward Earnings ratio of 15.75, BGN is valued correctly.
- Based on the Price/Forward Earnings ratio, BGN is valued a bit cheaper than the industry average as 73.73% of the companies are valued more expensively.
- BGN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.49 | ||
| Fwd PE | 15.75 |
4.2 Price Multiples
- 87.29% of the companies in the same industry are more expensive than BGN, based on the Enterprise Value to EBITDA ratio.
- 85.59% of the companies in the same industry are more expensive than BGN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.84 | ||
| EV/EBITDA | 6.54 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- BGN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)14.93
PEG (5Y)1.05
EPS Next 2Y0.48%
EPS Next 3Y1.69%
5. Dividend
5.1 Amount
- BGN has a Yearly Dividend Yield of 4.92%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.08, BGN pays a better dividend. On top of this BGN pays more dividend than 83.05% of the companies listed in the same industry.
- BGN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
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
- 52.33% of the earnings are spent on dividend by BGN. This is a bit on the high side, but may be sustainable.
- The dividend of BGN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.33%
EPS Next 2Y0.48%
EPS Next 3Y1.69%
BANCA GENERALI SPA / BGN.MI FAQ
What is the fundamental rating for BGN stock?
ChartMill assigns a fundamental rating of 5 / 10 to BGN.MI.
What is the valuation status of BANCA GENERALI SPA (BGN.MI) stock?
ChartMill assigns a valuation rating of 6 / 10 to BANCA GENERALI SPA (BGN.MI). This can be considered as Fairly Valued.
What is the profitability of BGN stock?
BANCA GENERALI SPA (BGN.MI) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for BGN stock?
The Price/Earnings (PE) ratio for BANCA GENERALI SPA (BGN.MI) is 10.49 and the Price/Book (PB) ratio is 4.9.
Can you provide the expected EPS growth for BGN stock?
The Earnings per Share (EPS) of BANCA GENERALI SPA (BGN.MI) is expected to grow by 0.7% in the next year.