BANCA GENERALI SPA (BGN.MI) Stock Fundamental Analysis

BIT:BGN • IT0001031084

56 EUR
+1.2 (+2.19%)
Last: Feb 20, 2026, 05:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BGN. BGN was compared to 121 industry peers in the Capital Markets industry. BGN has an excellent profitability rating, but 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.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • BGN had positive earnings in the past year.
  • 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.
BGN.MI Yearly Net Income VS EBIT VS OCF VS FCFBGN.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.42%, BGN is in the better half of the industry, outperforming 65.83% of the companies in the same industry.
  • BGN's Return On Equity of 44.44% is amongst the best of the industry. BGN outperforms 96.67% of its industry peers.
  • BGN has a Return On Invested Capital of 3.89%. This is in the better half of the industry: BGN outperforms 65.83% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BGN is significantly below the industry average of 8.77%.
  • 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 RankSector 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%
BGN.MI Yearly ROA, ROE, ROICBGN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • The Profit Margin of BGN (26.04%) is better than 69.17% of its industry peers.
  • BGN's Profit Margin has been stable in the last couple of years.
  • BGN's Operating Margin of 38.84% is fine compared to the rest of the industry. BGN outperforms 76.67% of its industry peers.
  • BGN's Operating Margin has been stable in the last couple of years.
  • With a decent Gross Margin value of 62.76%, BGN is doing good in the industry, outperforming 71.67% 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 RankSector 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%
BGN.MI Yearly Profit, Operating, Gross MarginsBGN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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
  • Compared to 1 year ago, BGN has an improved debt to assets ratio.
BGN.MI Yearly Shares OutstandingBGN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
BGN.MI Yearly Total Debt VS Total AssetsBGN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • BGN has an Altman-Z score of -0.34. This is a bad value and indicates that BGN is not financially healthy and even has some risk of bankruptcy.
  • BGN's Altman-Z score of -0.34 is on the low side compared to the rest of the industry. BGN is outperformed by 60.00% of its industry peers.
  • BGN has a debt to FCF ratio of 26.84. This is a negative value and a sign of low solvency as BGN would need 26.84 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 26.84, BGN is doing good in the industry, outperforming 65.00% of the companies in the same industry.
  • A Debt/Equity ratio of 11.08 is on the high side and indicates that BGN has dependencies on debt financing.
  • BGN's Debt to Equity ratio of 11.08 is on the low side compared to the rest of the industry. BGN is outperformed by 70.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 11.08
Debt/FCF 26.84
Altman-Z -0.34
ROIC/WACCN/A
WACCN/A
BGN.MI Yearly LT Debt VS Equity VS FCFBGN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

2.3 Liquidity

  • BGN has a Current 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.
  • BGN has a worse Current ratio (0.06) than 63.33% of its industry peers.
  • A Quick Ratio of 0.06 indicates that BGN may have some problems paying its short term obligations.
  • BGN has a worse Quick ratio (0.06) than 63.33% of its industry peers.
Industry RankSector Rank
Current Ratio 0.06
Quick Ratio 0.06
BGN.MI Yearly Current Assets VS Current LiabilitesBGN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • BGN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.74%.
  • The Earnings Per Share has been growing by 9.97% on average over the past years. This is quite good.
  • BGN shows a small growth in Revenue. In the last year, the Revenue has grown by 6.91%.
  • BGN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.79% yearly.
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

  • Based on estimates for the next years, BGN will show a small growth in Earnings Per Share. The EPS will grow by 1.45% on average per year.
  • BGN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.31% yearly.
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 5Y2.31%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BGN.MI Yearly Revenue VS EstimatesBGN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B
BGN.MI Yearly EPS VS EstimatesBGN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.35 indicates a reasonable valuation of BGN.
  • 85.83% of the companies in the same industry are more expensive than BGN, based on the Price/Earnings ratio.
  • BGN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.99.
  • Based on the Price/Forward Earnings ratio of 15.54, the valuation of BGN can be described as correct.
  • Based on the Price/Forward Earnings ratio, BGN is valued a bit cheaper than 75.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, BGN is valued a bit cheaper.
Industry RankSector Rank
PE 10.35
Fwd PE 15.54
BGN.MI Price Earnings VS Forward Price EarningsBGN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BGN is valued cheaper than 88.33% 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 90.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.68
EV/EBITDA 6.36
BGN.MI Per share dataBGN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BGN does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of BGN may justify a higher PE ratio.
PEG (NY)14.73
PEG (5Y)1.04
EPS Next 2Y0.48%
EPS Next 3Y1.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • BGN has a Yearly Dividend Yield of 5.37%, which is a nice return.
  • BGN's Dividend Yield is rather good when compared to the industry average which is at 3.07. BGN pays more dividend than 85.00% of the companies in the same industry.
  • BGN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector 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

  • BGN pays out 52.33% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • BGN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.33%
EPS Next 2Y0.48%
EPS Next 3Y1.69%
BGN.MI Yearly Income VS Free CF VS DividendBGN.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B
BGN.MI Dividend Payout.BGN.MI Dividend Payout, showing the Payout Ratio.BGN.MI Dividend Payout.PayoutRetained Earnings

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BANCA GENERALI SPA

BIT:BGN (2/20/2026, 5:35:15 PM)

56

+1.2 (+2.19%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-11
Earnings (Next)05-06
Inst Owners24.34%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.54B
Revenue(TTM)2.34B
Net Income(TTM)601.17M
Analysts73.33
Price Target62.45 (11.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.37%
Yearly Dividend2.22
Dividend Growth(5Y)12.15%
DP52.33%
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)6.43%
PT rev (3m)14.72%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.3%
EPS NY rev (3m)7%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.47%
Valuation
Industry RankSector Rank
PE 10.35
Fwd PE 15.54
P/S 2.83
P/FCF 11.68
P/OCF 11.19
P/B 4.84
P/tB 5.72
EV/EBITDA 6.36
EPS(TTM)5.41
EY9.66%
EPS(NY)3.6
Fwd EY6.43%
FCF(TTM)4.79
FCFY8.56%
OCF(TTM)5
OCFY8.94%
SpS19.76
BVpS11.58
TBVpS9.79
PEG (NY)14.73
PEG (5Y)1.04
Graham Number37.54
Profitability
Industry RankSector Rank
ROA 3.42%
ROE 44.44%
ROCE 35.96%
ROIC 3.89%
ROICexc 4.06%
ROICexgc 4.21%
OM 38.84%
PM (TTM) 26.04%
GM 62.76%
FCFM 24.27%
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%
ROICexgc growth 3Y10.33%
ROICexgc 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-Score4
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 11.08
Debt/FCF 26.84
Debt/EBITDA 15.92
Cap/Depr 55.13%
Cap/Sales 1.07%
Interest Coverage 250
Cash Conversion 62.13%
Profit Quality 93.19%
Current Ratio 0.06
Quick Ratio 0.06
Altman-Z -0.34
F-Score4
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)0.74%
EPS 3Y10.42%
EPS 5Y9.97%
EPS Q2Q%15.39%
EPS Next Y0.7%
EPS Next 2Y0.48%
EPS Next 3Y1.69%
EPS Next 5Y1.45%
Revenue 1Y (TTM)6.91%
Revenue growth 3Y8.98%
Revenue growth 5Y9.79%
Sales Q2Q%8.39%
Revenue Next Year2.98%
Revenue Next 2Y2.82%
Revenue Next 3Y3.33%
Revenue Next 5Y2.31%
EBIT growth 1Y3.12%
EBIT growth 3Y12.77%
EBIT growth 5Y11.41%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y169.47%
FCF growth 3Y-17.34%
FCF growth 5YN/A
OCF growth 1Y174.45%
OCF growth 3Y-16.68%
OCF growth 5YN/A

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 10.35 and the Price/Book (PB) ratio is 4.84.


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.