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

• Market Cap: €2.06B
• Dividend Yield: 7.44%
• Average Volume (3M): 172.90K
• Price to Earnings (P/E): 8.2
• Beta (1Y): 0.48
• Revenue Growth: 14.56%
• EPS Growth: 12.45%
• Country: IT
• Employees: 494
• Sector: General
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: €7.00 ▲(15.32% Upside)

The score is driven primarily by strong financial performance (profitability and a clear growth rebound) and very attractive valuation (low P/E and high dividend yield). This is tempered by technical signals that look overextended (RSI ~70 and Stoch ~92), which raises the risk of a near-term pullback.

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

Strong and improving profitability with a clear revenue rebound (TTM growth ~34.6%) and solid margins (EBIT ~27.8%). Balance sheet leverage is manageable (debt-to-equity ~0.48) but debt increased versus 2024, and cash flow—while currently strong and high quality (FCF/NI ~0.99)—has shown volatility (negative in 2023).

Income Statement

Profitability is strong and improving: TTM (Trailing-Twelve-Months) net margin is ~18.8% and operating profitability is solid (EBIT margin ~27.8%). Revenue growth is robust in the most recent periods (TTM ~34.6%, 2024 ~29.3%) after a flat-to-down patch in 2022–2023, indicating a clear rebound. A watch item is mild margin compression versus 2024 (gross and EBITDA margins slightly lower), suggesting costs or mix may be becoming less favorable even as earnings rise.

Balance Sheet

Leverage looks manageable with debt-to-equity at ~0.48 in TTM (Trailing-Twelve-Months), broadly in line with prior years, and equity has grown versus 2022–2023. Returns on shareholders’ capital have improved (ROE ~15.4% TTM vs ~13.9% in 2024 and ~10.4% in 2023), reflecting stronger profitability. The main drawback is debt has increased from 2024 to TTM (about 611m to 825m), which raises financial risk if market conditions weaken.

Cash Flow

Cash generation is currently strong: TTM (Trailing-Twelve-Months) free cash flow is ~394m and closely matches net income (free cash flow to net income ~0.99), indicating good earnings quality. Cash flow momentum is also very strong versus the prior period (TTM free cash flow growth ~51%). The key concern is volatility—2023 showed negative operating and free cash flow, so consistency through different market environments remains a risk despite the recent rebound.

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: Positive
• Last Price: 6.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ANIM, the sentiment is Positive. The current price of 6.07 is below the 20-day moving average (MA) of 6.33, below the 50-day MA of 6.16, and above the 200-day MA of 6.06, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 73.61 is Negative, neither overbought nor oversold. The STOCH value of 77.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	79 Outperform	€5.04B	9.74	28.43%	4.91%	-7.63%	-1.84%
ANIM	78 Outperform	€2.06B	8.22	15.75%	7.44%	14.56%	12.45%
TIP	60 Neutral	€1.61B	18.28	6.25%	1.77%	-95.40%	9.55%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

ANIMA Holding S.p.A. Corporate Events

ANIMA Holding Overhauls Audit Mandates and Governance at Shareholders’ Meeting

ANIMA Holding’s shareholders approved a new nine-year statutory audit mandate for Fortis Mazars S.p.A. covering the 2026–2034 financial years and appointed Deloitte & Touche S.p.A. to provide assurance on the company’s 2025 sustainability reporting, aligning governance and audit functions with evolving regulatory standards. The meeting also confirmed Natale Schettini as a non-independent director until approval of the 2025 accounts, appointed Maurizio Tani as Chair of the Board of Statutory Auditors and Nicoletta Cogni as Alternate Auditor for the same term, and passed amendments to the Articles of Association relating to shareholders’ meeting representation and board slate voting, indicating continued strengthening of the company’s governance framework ahead of upcoming regulatory and market challenges.

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 Publishes Documents for December 23 Shareholders’ Meeting

Anima Holding S.p.A. has disclosed that documentation related to its shareholders’ meeting scheduled for 23 December 2025 is now publicly available at its registered office, on its website and via the 1info regulated information storage system. The materials include a nomination submitted by Banco BPM S.p.A. for the role of Alternate Statutory Auditor of Anima Holding, signaling ongoing governance processes and the involvement of a key banking partner in the company’s supervisory and control structure.

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 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.

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 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.

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.