ANIMA Holding S.p.A. (ANIM) AI Stock Analysis

• Market Cap: €1.91B
• Dividend Yield: 7.42%
• Average Volume (3M): 172.90K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 0.47
• Revenue Growth: 14.56%
• EPS Growth: 12.45%
• Country: IT
• Employees: 494
• Sector: Services
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): 0.17
• Shares Outstanding: 325,215,820
• 10 Day Avg. Volume: 198,653
• 30 Day Avg. Volume: 172,899
• PEG Ratio: 0.16
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 1.57
• P/FCF Ratio: 7.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: €7.00 ▲(15.51% Upside)

ANIMA Holding's strong financial performance and attractive valuation are the primary drivers of its score. The lack of cash flow generation is a concern, but the stock's low P/E ratio and high dividend yield provide a compelling investment case. Technical analysis suggests stable market conditions.

Positive Factors

Revenue Growth

ANIMA Holding's strong revenue growth indicates effective market penetration and product demand, supporting long-term business expansion.

Profitability

High profit margins reflect ANIMA's ability to manage costs and maintain pricing power, which is crucial for sustaining profitability.

Capital Structure

A strong equity ratio suggests financial stability and resilience, providing a solid foundation for future investments and growth.

Negative Factors

Cash Flow Challenges

Zero operating cash flow indicates potential liquidity issues, which could hinder ANIMA's ability to fund operations and growth initiatives.

Free Cash Flow Concerns

Lack of free cash flow suggests challenges in generating surplus cash, impacting ANIMA's capacity for reinvestment and shareholder returns.

Debt Monitoring

Increasing debt levels, although moderate, require careful management to avoid financial strain and maintain balance sheet health.

ANIMA Holding S.p.A. Business Overview & Revenue Model

Company Description

Anima Holding SpA is a publicly owned investment manager. The firm invests in the public equity markets of Italy. The firm offers various investment schemes and foreign SICAVs, and institutional and private pension funds, mutual funds, open-ended umbrella funds as well as private wealth and institutional asset management services. It employs fundamental analysis to make its investments. It provides asset management services in Italy. Anima Holding S.p.A. is based in Milan, Italy.

How the Company Makes Money

ANIMA Holding S.p.A. generates revenue primarily through management fees charged on the assets it manages on behalf of clients. The company earns these fees as a percentage of the total assets under management (AUM), which can fluctuate based on market conditions and client inflows or outflows. Additionally, ANIMA may receive performance fees for exceeding specific investment benchmarks. The company also benefits from partnerships with banks and financial advisors, which help distribute its products and expand its client base. Moreover, strategic acquisitions of smaller asset management firms can enhance ANIMA's market presence and diversify its offerings, contributing to its overall revenue growth.

ANIMA Holding S.p.A. Financial Statement Overview

Summary

ANIMA Holding shows strong revenue growth and profitability with a solid balance sheet. However, the lack of positive operating and free cash flows in 2024 presents a risk to liquidity and operational stability.

Income Statement

ANIMA Holding has demonstrated a strong financial performance with consistent revenue growth from 2023 to 2024. The revenue growth rate from 2023 to 2024 was approximately 28.96%, indicating a robust upward trajectory. The gross profit margin for 2024 was 42.06%, and the net profit margin was 17.28%, both of which reflect healthy profitability levels. EBIT and EBITDA margins were also strong at 31.45% and 32.05%, respectively, showcasing operational efficiency. These metrics suggest good revenue management and cost efficiency, although there is room for improvement in net profit margin.

Balance Sheet

The balance sheet of ANIMA Holding shows a stable financial position with a debt-to-equity ratio of 0.36 in 2024, indicating moderate leverage. The return on equity (ROE) was 13.86%, reflecting a good return on shareholders' investments. The equity ratio stood at 61.12%, indicating a strong capital structure and low financial risk. Although the company has a solid equity base, the slight increase in total debt warrants monitoring.

Cash Flow

ANIMA Holding's cash flow statement indicates some challenges in terms of cash generation. The operating cash flow in 2024 was reported as zero, which is concerning as it suggests the company is not generating cash from its core operations. Additionally, the free cash flow was also zero, highlighting potential liquidity issues. These factors suggest a need to improve operational cash management to ensure sufficient liquidity for future growth and investment.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.35B	1.32B	1.02B	1.02B	1.23B	989.98M
Gross Profit	490.79M	506.99M	388.41M	309.99M	440.69M	347.78M
EBITDA	415.11M	384.82M	279.74M	243.50M	331.30M	296.64M
Net Income	255.19M	227.92M	148.88M	120.80M	238.66M	155.37M
Balance Sheet
Total Assets	2.80B	2.69B	2.39B	2.33B	2.53B	2.21B
Cash, Cash Equivalents and Short-Term Investments	673.34M	649.16M	207.55M	499.27M	585.30M	287.47M
Total Debt	825.31M	611.30M	621.98M	591.84M	595.99M	301.00M
Total Liabilities	1.05B	1.03B	948.90M	943.47M	1.09B	896.65M
Stockholders Equity	1.73B	1.64B	1.43B	1.39B	1.45B	1.31B
Cash Flow
Free Cash Flow	394.49M	281.82M	-128.06M	79.75M	410.62M	128.29M
Operating Cash Flow	397.55M	282.14M	-125.83M	83.80M	413.04M	132.00M
Investing Cash Flow	-4.49M	-25.14M	-63.96M	-3.98M	-2.40M	-2.12M
Financing Cash Flow	-146.48M	-119.59M	-116.39M	-190.53M	-112.70M	-105.16M

ANIMA Holding S.p.A. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ANIM, the sentiment is Neutral. The current price of 6.06 is above the 20-day moving average (MA) of 6.06, below the 50-day MA of 6.08, and below the 200-day MA of 6.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.63 is Neutral, neither overbought nor oversold. The STOCH value of 73.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:ANIM.

ANIMA Holding S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ANIM	74 Outperform	€1.91B	7.57	15.75%	7.42%	14.56%	12.45%
AZM	73 Outperform	€5.06B	9.64	28.43%	4.91%	-7.63%	-1.84%
TIP	60 Neutral	€1.52B	17.17	6.25%	1.77%	-95.40%	9.55%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

ANIMA Holding S.p.A. Corporate Events

ANIMA Holding S.p.A. Announces Remote Shareholders’ Meeting for December 2025

ANIMA Holding S.p.A. has announced a Shareholders’ Meeting to be held remotely on December 23, 2025. The agenda includes the assignment of legal audits for 2026-2034, confirmation of a Director, and integration of the Board of Statutory Auditors. Additionally, amendments to the Articles of Association will be discussed. The meeting will be conducted via telecommunication means, and shareholders have the right to attend and vote through a designated representative.

ANIMA Holding Reports Strong Profit Growth in 9M 2025

ANIMA Holding S.p.A. reported a 15% increase in consolidated net profit for the first nine months of 2025, reaching €199.5 million, driven by a 9% rise in net commissions and significant dividend income. The company’s financial position improved significantly, with net cash increasing to €372.6 million, despite substantial dividend payments and tax disbursements, reflecting strong business results and capital gains.

ANIMA Holding Reports Positive Net Collection for September 2025

ANIMA Holding reported a net collection of €242 million in managed savings for September 2025, with total assets under management reaching €208.1 billion. Despite a decline in fixed-income portfolios, the company saw growth in retail and institutional contracts, indicating a positive trend in its asset management operations.

ANIMA Holding Initiates CEO Succession Process Following Resignation

ANIMA Holding S.p.A. announced the resignation of its CEO and General Manager, Alessandro Melzi d’Eril, and has begun the process of finding a replacement. The Board of Directors has decided not to alter the current management structure during the transition, ensuring continued oversight of the company’s operations. The outgoing CEO does not hold shares in the company and will not receive any indemnities or benefits following his departure.

ANIMA Holding Announces CEO Resignation and Leadership Transition

ANIMA Holding S.p.A. announced the resignation of its CEO and General Manager, Alessandro Melzi d’Eril, who is leaving to pursue new opportunities. The company is initiating a search for his replacement, following its bylaws and succession plan, while acknowledging his contributions to the company’s growth and leadership in the industry.

ANIMA Holding Reports Strong August Inflows and Asset Growth

ANIMA Holding reported a net inflow of €325 million in managed savings for August 2025, with total assets under management reaching €207 billion. The company highlighted strong retail inflows and significant contributions from institutional categories, particularly due to global equity assets and fund management transfers, indicating robust growth and strategic positioning in the asset management sector.