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ANIMA Holding S.p.A.
(ANIM)
Select Model
Select Model
Rating:68Neutral
Price Target:
€7.50
▲(8.07% Upside)
Action:Downgraded
Date:03/25/26
The score is driven by solid fundamentals (strong profitability and manageable leverage) and attractive valuation (low P/E and high dividend yield), partially offset by weak near-term technical momentum and the risk signaled by prior cash-flow volatility.
Positive Factors
Strong Profitability & Margins
Sustained high gross and operating margins through 2025 indicate durable core profitability and pricing power in product lines. Strong margins support internal investment, capacity to pay dividends, and resilience to modest revenue dips, underpinning long-term cash generation and shareholder returns.
Negative Factors
Cash-Flow Volatility
Material swings in operating and free cash flow reduce predictability of distributable cash and constrain reinvestment plans. Volatility increases reliance on liquidity buffers and can force defensive actions in downturns, impairing long-term strategic execution and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability & Margins
Sustained high gross and operating margins through 2025 indicate durable core profitability and pricing power in product lines. Strong margins support internal investment, capacity to pay dividends, and resilience to modest revenue dips, underpinning long-term cash generation and shareholder returns.
Read all positive factors
ANIMA Holding S.p.A. (ANIM) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€2.18B
Dividend Yield7.2%
Average Volume (3M)172.90K
Price to Earnings (P/E)8.8
Beta (1Y)0.45
Revenue Growth4.76%
EPS Growth0.10%
CountryIT
Employees548
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.79
Shares Outstanding325,215,820
10 Day Avg. Volume198,653
30 Day Avg. Volume172,899
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)1.05
Price to Sales (P/S)1.38
P/FCF Ratio4.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.86
Revenue Forecast (FY)€513.58M
ANIMA Holding S.p.A. Business Overview & Revenue Model
Company Description
Anima Holding S.p.A. is a publicly traded investment management company headquartered in Milan, Italy. The firm primarily focuses its equity investments on the Italian public markets. It provides an extensive array of investment solutions, includi...
How the Company Makes Money
ANIMA primarily generates revenue from asset management activities tied to the assets it manages (AUM). The core revenue stream is recurring management fees charged as a percentage of AUM on its mutual funds and discretionary/mandate-based portfol...
ANIMA Holding S.p.A. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.47B | 1.43B | 1.32B | 1.02B | 1.02B | 1.23B |
| Gross Profit | 556.62M | 542.55M | 506.99M | 388.41M | 309.99M | 440.69M |
| EBITDA | 420.44M | 401.16M | 384.82M | 279.74M | 243.50M | 331.30M |
| Net Income | 255.68M | 266.24M | 227.92M | 148.88M | 120.80M | 238.66M |
Balance Sheet | ||||||
| Total Assets | 2.98B | 2.95B | 2.69B | 2.39B | 2.33B | 2.53B |
| Cash, Cash Equivalents and Short-Term Investments | 869.08M | 692.91M | 649.16M | 207.55M | 499.27M | 585.30M |
| Total Debt | 839.51M | 818.14M | 611.30M | 621.98M | 591.84M | 595.99M |
| Total Liabilities | 1.11B | 1.05B | 1.03B | 948.90M | 943.47M | 1.09B |
| Stockholders Equity | 1.86B | 1.88B | 1.64B | 1.43B | 1.39B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | 249.83M | 411.85M | 281.82M | -128.06M | 79.75M | 410.62M |
| Operating Cash Flow | 251.04M | 413.08M | 282.14M | -125.83M | 83.80M | 413.04M |
| Investing Cash Flow | -3.22M | -3.59M | -25.14M | -63.96M | -3.98M | -2.40M |
| Financing Cash Flow | -146.48M | -146.48M | -119.59M | -116.39M | -190.53M | -112.70M |
ANIMA Holding S.p.A. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €5.01B | 9.27 | 27.07% | 5.72% | 10.06% | -6.98% | |
73 Outperform | €7.42B | 16.06 | 31.60% | 4.37% | 4.69% | 10.11% | |
68 Neutral | €2.18B | 8.78 | 14.32% | 7.20% | 4.76% | 0.10% | |
65 Neutral | €66.60B | 16.10 | 10.02% | 3.82% | -13.42% | 14.69% | |
57 Neutral | €1.58B | 31.35 | 4.03% | 2.77% | 224.12% | 67.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €108.04M | 13.35 | 4.99% | 7.69% | -32.01% | -6.73% |
* General Sector Average
IT:ANIM
ANIMA Holding S.p.A.
6.80
0.98
16.80%
IT:G
Assicurazioni Generali S.p.A.
43.72
12.35
39.37%
IT:AZM
Azimut Holding SPA
35.20
6.87
24.23%
IT:BGN
Banca Generali SpA
64.95
19.04
41.46%
IT:PRO
Banca Profilo SPA
1.64
0.03
1.80%
IT:TIP
Tamburi Investment Partners Spa
9.30
1.68
21.97%
ANIMA Holding S.p.A. Corporate Events
ANIMA Holding Sees Retail Inflow Recovery as Total Assets Edge Higher
Jul 8, 2026
ANIMA Holding reported June 2026 net inflows for managed savings, excluding branch I insurance mandates, of €202 million, with total assets under management rising to €210.4 billion and €211.9 billion including administered asset...
Anima Holding Takes Full Control of Real Estate Manager Castello SGR
Jun 29, 2026
Anima Holding S.p.A. has acquired the remaining 20% stake in Castello SGR from funds managed by Oaktree Capital Management, taking full ownership of the real estate-focused alternative investment manager. Castello ranks among Italy’s top 10 ...
ANIMA Holding posts strong institutional inflows as assets rise despite insurance outflows
Jun 9, 2026
ANIMA Holding reported May 2026 net inflows of €342 million into managed assets excluding Class I insurance mandates, with total assets under management rising to €209.4 billion and €210.8 billion including administered assets. R...
ANIMA Holding posts April net inflows on institutional strength despite insurance outflows
May 8, 2026
ANIMA Holding reported April 2026 net inflows of €160 million into managed assets excluding Class I insurance mandates, taking total assets under management to €205.5 billion and €206.9 billion including administered assets. The ...
Anima Holding Delivers Higher Underlying Profit and Stronger Cash Despite Mandate Loss
May 4, 2026
Anima Holding reported first-quarter 2026 results showing resilient operations despite external headwinds, including market turbulence linked to the war between the USA/Israel and Iran and the long-flagged loss of the Etica SGR mandate. Net inflow...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.