Logo image of GF.MI

GENERALFINANCE SPA (GF.MI) Stock Fundamental Analysis

Europe - BIT:GF - IT0005144784 - Common Stock

19.4 EUR
-0.75 (-3.72%)
Last: 10/3/2025, 3:14:34 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to GF. GF was compared to 49 industry peers in the Financial Services industry. While GF has a great profitability rating, there are some minor concerns on its financial health. GF has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!


Dividend Valuation Growth Profitability Health

Quickly go to:

7

1. Profitability

1.1 Basic Checks

GF had positive earnings in the past year.
GF had a positive operating cash flow in the past year.
Each year in the past 5 years GF has been profitable.
In multiple years GF reported negative operating cash flow during the last 5 years.
GF.MI Yearly Net Income VS EBIT VS OCF VS FCFGF.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

1.2 Ratios

The Return On Assets of GF (4.71%) is better than 67.35% of its industry peers.
Looking at the Return On Equity, with a value of 37.43%, GF belongs to the top of the industry, outperforming 83.67% of the companies in the same industry.
GF has a Return On Invested Capital (4.88%) which is in line with its industry peers.
GF had an Average Return On Invested Capital over the past 3 years of 3.03%. This is significantly below the industry average of 11.58%.
The last Return On Invested Capital (4.88%) for GF is above the 3 year average (3.03%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.71%
ROE 37.43%
ROIC 4.88%
ROA(3y)2.74%
ROA(5y)2.67%
ROE(3y)22.73%
ROE(5y)24.28%
ROIC(3y)3.03%
ROIC(5y)2.96%
GF.MI Yearly ROA, ROE, ROICGF.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

GF has a Profit Margin of 38.58%. This is in the better half of the industry: GF outperforms 79.59% of its industry peers.
In the last couple of years the Profit Margin of GF has grown nicely.
With an excellent Operating Margin value of 57.99%, GF belongs to the best of the industry, outperforming 81.63% of the companies in the same industry.
In the last couple of years the Operating Margin of GF has grown nicely.
GF's Gross Margin of 90.85% is amongst the best of the industry. GF outperforms 89.80% of its industry peers.
GF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 57.99%
PM (TTM) 38.58%
GM 90.85%
OM growth 3Y4.07%
OM growth 5Y5.84%
PM growth 3Y4.03%
PM growth 5Y7.12%
GM growth 3Y0.97%
GM growth 5Y0.16%
GF.MI Yearly Profit, Operating, Gross MarginsGF.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

More info and screens

4

2. Health

2.1 Basic Checks

GF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, GF has about the same amount of shares outstanding.
Compared to 5 years ago, GF has about the same amount of shares outstanding.
Compared to 1 year ago, GF has a worse debt to assets ratio.
GF.MI Yearly Shares OutstandingGF.MI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
GF.MI Yearly Total Debt VS Total AssetsGF.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 0.90, we must say that GF is in the distress zone and has some risk of bankruptcy.
GF has a Altman-Z score of 0.90. This is in the lower half of the industry: GF underperforms 63.27% of its industry peers.
GF has a debt to FCF ratio of 20.16. This is a negative value and a sign of low solvency as GF would need 20.16 years to pay back of all of its debts.
GF has a worse Debt to FCF ratio (20.16) than 69.39% of its industry peers.
A Debt/Equity ratio of 3.46 is on the high side and indicates that GF has dependencies on debt financing.
GF's Debt to Equity ratio of 3.46 is on the low side compared to the rest of the industry. GF is outperformed by 83.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.46
Debt/FCF 20.16
Altman-Z 0.9
ROIC/WACC0.74
WACC6.59%
GF.MI Yearly LT Debt VS Equity VS FCFGF.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 8.75 indicates that GF has no problem at all paying its short term obligations.
With an excellent Current ratio value of 8.75, GF belongs to the best of the industry, outperforming 87.76% of the companies in the same industry.
A Quick Ratio of 8.75 indicates that GF has no problem at all paying its short term obligations.
GF's Quick ratio of 8.75 is amongst the best of the industry. GF outperforms 87.76% of its industry peers.
Industry RankSector Rank
Current Ratio 8.75
Quick Ratio 8.75
GF.MI Yearly Current Assets VS Current LiabilitesGF.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

More info and screens

8

3. Growth

3.1 Past

GF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.73%, which is quite impressive.
Measured over the past years, GF shows a very strong growth in Earnings Per Share. The EPS has been growing by 38.19% on average per year.
Looking at the last year, GF shows a very strong growth in Revenue. The Revenue has grown by 32.64%.
GF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 29.00% yearly.
EPS 1Y (TTM)33.73%
EPS 3Y30.68%
EPS 5Y38.19%
EPS Q2Q%8.37%
Revenue 1Y (TTM)32.64%
Revenue growth 3Y25.63%
Revenue growth 5Y29%
Sales Q2Q%41.4%

3.2 Future

Based on estimates for the next years, GF will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.72% on average per year.
The Revenue is expected to grow by 18.98% on average over the next years. This is quite good.
EPS Next Y23.75%
EPS Next 2Y17.92%
EPS Next 3Y17.72%
EPS Next 5YN/A
Revenue Next Year17.03%
Revenue Next 2Y18.91%
Revenue Next 3Y18.98%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
GF.MI Yearly Revenue VS EstimatesGF.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
GF.MI Yearly EPS VS EstimatesGF.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

More info and screens

7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 7.67, the valuation of GF can be described as very cheap.
GF's Price/Earnings ratio is rather cheap when compared to the industry. GF is cheaper than 85.71% of the companies in the same industry.
GF is valuated cheaply when we compare the Price/Earnings ratio to 27.86, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.47, which indicates a very decent valuation of GF.
77.55% of the companies in the same industry are more expensive than GF, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of GF to the average of the S&P500 Index (23.32), we can say GF is valued rather cheaply.
Industry RankSector Rank
PE 7.67
Fwd PE 8.47
GF.MI Price Earnings VS Forward Price EarningsGF.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

63.27% of the companies in the same industry are more expensive than GF, based on the Enterprise Value to EBITDA ratio.
GF's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 16.73
EV/EBITDA 8.78
GF.MI Per share dataGF.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

GF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of GF may justify a higher PE ratio.
A more expensive valuation may be justified as GF's earnings are expected to grow with 17.72% in the coming years.
PEG (NY)0.32
PEG (5Y)0.2
EPS Next 2Y17.92%
EPS Next 3Y17.72%

More info and screens

6

5. Dividend

5.1 Amount

GF has a Yearly Dividend Yield of 4.23%, which is a nice return.
GF's Dividend Yield is a higher than the industry average which is at 3.63.
GF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
Industry RankSector Rank
Dividend Yield 4.23%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

23.31% of the earnings are spent on dividend by GF. This is a low number and sustainable payout ratio.
DP23.31%
EPS Next 2Y17.92%
EPS Next 3Y17.72%
GF.MI Yearly Income VS Free CF VS DividendGF.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M
GF.MI Dividend Payout.GF.MI Dividend Payout, showing the Payout Ratio.GF.MI Dividend Payout.PayoutRetained Earnings

More info and screens

GENERALFINANCE SPA

BIT:GF (10/3/2025, 3:14:34 PM)

19.4

-0.75 (-3.72%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners15.67%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap245.22M
Analysts86
Price Target21.01 (8.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.23%
Yearly Dividend0.59
Dividend Growth(5Y)N/A
DP23.31%
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)15.41%
PT rev (3m)15.41%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.49%
EPS NY rev (3m)9.39%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 7.67
Fwd PE 8.47
P/S 2.96
P/FCF 16.73
P/OCF 13.76
P/B 2.87
P/tB 2.98
EV/EBITDA 8.78
EPS(TTM)2.53
EY13.04%
EPS(NY)2.29
Fwd EY11.81%
FCF(TTM)1.16
FCFY5.98%
OCF(TTM)1.41
OCFY7.27%
SpS6.56
BVpS6.76
TBVpS6.5
PEG (NY)0.32
PEG (5Y)0.2
Profitability
Industry RankSector Rank
ROA 4.71%
ROE 37.43%
ROCE 7.21%
ROIC 4.88%
ROICexc 5.88%
ROICexgc 6%
OM 57.99%
PM (TTM) 38.58%
GM 90.85%
FCFM 17.69%
ROA(3y)2.74%
ROA(5y)2.67%
ROE(3y)22.73%
ROE(5y)24.28%
ROIC(3y)3.03%
ROIC(5y)2.96%
ROICexc(3y)3.39%
ROICexc(5y)3.24%
ROICexgc(3y)3.42%
ROICexgc(5y)3.26%
ROCE(3y)4.48%
ROCE(5y)4.38%
ROICexcg growth 3Y6.06%
ROICexcg growth 5Y3.94%
ROICexc growth 3Y5.85%
ROICexc growth 5Y3.87%
OM growth 3Y4.07%
OM growth 5Y5.84%
PM growth 3Y4.03%
PM growth 5Y7.12%
GM growth 3Y0.97%
GM growth 5Y0.16%
F-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 3.46
Debt/FCF 20.16
Debt/EBITDA 5.94
Cap/Depr 185.31%
Cap/Sales 3.81%
Interest Coverage 250
Cash Conversion 35.8%
Profit Quality 45.85%
Current Ratio 8.75
Quick Ratio 8.75
Altman-Z 0.9
F-Score4
WACC6.59%
ROIC/WACC0.74
Cap/Depr(3y)128.37%
Cap/Depr(5y)131.84%
Cap/Sales(3y)3.9%
Cap/Sales(5y)4.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.73%
EPS 3Y30.68%
EPS 5Y38.19%
EPS Q2Q%8.37%
EPS Next Y23.75%
EPS Next 2Y17.92%
EPS Next 3Y17.72%
EPS Next 5YN/A
Revenue 1Y (TTM)32.64%
Revenue growth 3Y25.63%
Revenue growth 5Y29%
Sales Q2Q%41.4%
Revenue Next Year17.03%
Revenue Next 2Y18.91%
Revenue Next 3Y18.98%
Revenue Next 5YN/A
EBIT growth 1Y31.68%
EBIT growth 3Y30.75%
EBIT growth 5Y36.54%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y749.98%
FCF growth 3Y125.88%
FCF growth 5Y49.06%
OCF growth 1Y814.31%
OCF growth 3Y116.86%
OCF growth 5Y48.62%