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

• Market Cap: €1.95B
• Dividend Yield: 7.25%
• Average Volume (3M): 172.90K
• Price to Earnings (P/E): 7.4
• Beta (1Y): 0.53
• Revenue Growth: 21.14%
• EPS Growth: 29.66%
• Country: IT
• Employees: 494
• Sector: Services
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): 0.28
• 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: €6.80
• Price Target Upside: 10.39% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: €7.00 ▲(13.64% Upside)

ANIMA Holding's overall stock score is driven by its strong valuation and financial performance. The company's attractive P/E ratio and high dividend yield are significant positives. However, liquidity concerns due to zero operating and free cash flows, along with mixed technical indicators, temper the overall score.

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 generates revenue primarily through management fees charged on the assets it manages across its investment products. These fees are typically calculated as a percentage of the assets under management (AUM) and can vary based on the type of fund and its performance. Additionally, the company earns performance fees when certain investment products exceed predetermined benchmarks. ANIMA's revenue is further bolstered by distribution agreements and partnerships with banks, financial advisors, and other financial institutions that help in promoting and selling its investment products. The growing trend towards sustainable and responsible investing also enhances its appeal, potentially increasing its AUM and thereby its revenue streams.

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. The company should focus on enhancing cash flow management to sustain its growth trajectory.

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	1.40B	1.32B	1.02B	1.02B	1.23B	989.98M
Gross Profit	561.61M	506.99M	388.41M	309.99M	440.69M	344.49M
EBITDA	427.12M	384.82M	279.74M	243.50M	374.83M	296.38M
Net Income	263.40M	227.92M	148.88M	120.80M	238.66M	155.37M
Balance Sheet
Total Assets	2.71B	2.69B	2.39B	2.33B	2.53B	2.21B
Cash, Cash Equivalents and Short-Term Investments	506.21M	426.10M	207.55M	610.59M	688.41M	377.63M
Total Debt	822.53M	611.30M	767.57M	669.33M	855.70M	687.01M
Total Liabilities	1.02B	1.03B	948.90M	943.47M	1.09B	896.65M
Stockholders Equity	1.67B	1.64B	1.43B	1.39B	1.45B	1.31B
Cash Flow
Free Cash Flow	261.08M	281.82M	-128.06M	79.75M	410.62M	128.29M
Operating Cash Flow	263.57M	282.14M	-125.83M	83.80M	413.04M	132.00M
Investing Cash Flow	-6.32M	-25.14M	-63.96M	-3.98M	-2.40M	-2.12M
Financing Cash Flow	-172.58M	-119.59M	-116.39M	-190.53M	-112.70M	-105.16M

ANIMA Holding S.p.A. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.16
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 6.16 is below the 20-day moving average (MA) of 6.17, above the 50-day MA of 6.16, and above the 200-day MA of 6.12, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 48.86 is Neutral, neither overbought nor oversold. The STOCH value of 81.37 is Negative, 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
AZM	―	€4.58B	9.18	28.47%	5.09%	-7.01%	-8.23%
ANIM	―	€1.95B	7.44	16.75%	7.25%	21.14%	29.66%
TIP	―	€1.46B	17.26	6.05%	1.85%	-97.85%	4.82%
Sector *	―	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

ANIMA Holding S.p.A. Corporate Events

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.

The most recent analyst rating on (IT:ANIM) stock is a Buy with a EUR7.00 price target. To see the full list of analyst forecasts on ANIMA Holding S.p.A. stock, see the IT:ANIM Stock Forecast page.

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.

The most recent analyst rating on (IT:ANIM) stock is a Buy with a EUR6.50 price target. To see the full list of analyst forecasts on ANIMA Holding S.p.A. stock, see the IT:ANIM Stock Forecast page.

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.

The most recent analyst rating on (IT:ANIM) stock is a Buy with a EUR6.50 price target. To see the full list of analyst forecasts on ANIMA Holding S.p.A. stock, see the IT:ANIM Stock Forecast page.

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.

The most recent analyst rating on (IT:ANIM) stock is a Hold with a EUR6.50 price target. To see the full list of analyst forecasts on ANIMA Holding S.p.A. stock, see the IT:ANIM Stock Forecast page.

Anima Holding Updates Articles of Association

Anima Holding S.p.A. has announced the availability of its updated Articles of Association, which were approved by the Board of Directors on July 15, 2025. This update is now accessible to the public through various platforms, including the company’s registered office, its website, and a regulated information storage system.

The most recent analyst rating on (IT:ANIM) stock is a Hold with a EUR5.90 price target. To see the full list of analyst forecasts on ANIMA Holding S.p.A. stock, see the IT:ANIM Stock Forecast page.

ANIMA Holding Reports Strong July Net Collection and Promising Advisory Growth

ANIMA Holding reported a net collection of €416 million in July 2025, with total assets under management reaching €207.2 billion. The company highlighted the strong contribution from insurance assets and the promising trend of portfolios advised by Kairos, indicating positive commercial success and potential growth in their advisory services.

The most recent analyst rating on (IT:ANIM) stock is a Hold with a EUR5.90 price target. To see the full list of analyst forecasts on ANIMA Holding S.p.A. stock, see the IT:ANIM Stock Forecast page.

ANIMA Holding Reports Robust 1H 2025 Results and New Board Member

ANIMA Holding S.p.A. reported strong financial results for the first half of 2025, with net commissions increasing by 10% and consolidated net profit rising by 28% compared to the previous year. The company also announced the co-opting of Natale Schettini as a new board member, highlighting its strategic alignment with the Banco BPM Group. The results reflect the successful integration of recent acquisitions and position ANIMA to leverage synergies with its new parent group, potentially impacting its operations and market positioning positively.

The most recent analyst rating on (IT:ANIM) stock is a Hold with a EUR5.90 price target. To see the full list of analyst forecasts on ANIMA Holding S.p.A. stock, see the IT:ANIM Stock Forecast page.