Banca Generali SpA (BGN) AI Stock Analysis

• Market Cap: €6.20B
• Dividend Yield: 4.75%
• Average Volume (3M): 205.05K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.90
• Revenue Growth: 4.46%
• EPS Growth: -0.62%
• Country: IT
• Employees: 1,265
• Sector: General
• Sector Strength: N/A
• Industry: Banks - Regional
• EPS (TTM): 1.15
• Shares Outstanding: 116,851,640
• 10 Day Avg. Volume: 152,172
• 30 Day Avg. Volume: 205,053
• PEG Ratio: 4.25
• Price to Book (P/B): 4.45
• Price to Sales (P/S): 3.95
• P/FCF Ratio: 13.12
• 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: €66.00
• Price Target Upside: 27.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 3.54
• Revenue Forecast (FY): €1.02B

• Rating: 69 Neutral
• Price Target: €56.00 ▲(8.42% Upside)
• Action: Downgraded Date: 04/01/26
• Date: Action: Downgraded 04/01/26

The score is driven primarily by strong financial performance (revenue momentum, healthy profitability, and improved leverage) and supported by attractive valuation (mid-teens P/E and ~5% dividend yield). These positives are tempered by weaker technical signals (negative MACD and trading below key moving averages) and a history of cash-flow volatility.

Positive Factors

Revenue Momentum

Sustained revenue acceleration through 2023–2025 (circa +30% YoY in 2025) reflects stronger client demand and higher fee-bearing assets. This durable top-line momentum supports recurring fee growth, strengthens earnings visibility over the medium term and funds strategic investments.

Negative Factors

Cash-Flow Volatility

Historical swings in operating and free cash flow, including negative flows in 2022, signal inconsistent cash conversion risk. Even with recent positive free cash flow, uneven cash generation can impair capital planning, weaken dividend coverage in downturns and raise refinancing sensitivity.

Banca Generali SpA Business Overview & Revenue Model

Company Description

Banca Generali S.p.A. distributes financial products and services for affluent and private customers through financial advisors primarily in Italy. It operates through Wealth Management Cash-Generating Unit (CGU) and Private Banking CGU segments. ...

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Banca Generali S.p.A. distributes financial products and services for affluent and private customers through financial advisors primarily in Italy. It operates through Wealth Management Cash-Generating Unit (CGU) and Private Banking CGU segments. ...

How the Company Makes Money

Banca Generali makes money mainly by delivering and distributing wealth-management solutions and charging clients (or earning margins from product providers) for those services. Key revenue streams generally include: (1) recurring fees tied to ass...

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Banca Generali makes money mainly by delivering and distributing wealth-management solutions and charging clients (or earning margins from product providers) for those services. Key revenue streams generally include: (1) recurring fees tied to ass...

Banca Generali SpA Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.27B	1.65B	1.30B	1.05B	764.90M	816.01M
Gross Profit	1.12B	1.65B	1.14B	919.41M	742.66M	807.13M
EBITDA	523.78M	575.20M	569.77M	483.65M	359.05M	428.40M
Net Income	391.82M	445.80M	431.23M	326.14M	213.03M	323.10M
Balance Sheet
Total Assets	17.58B	18.46B	16.82B	15.52B	17.27B	16.19B
Cash, Cash Equivalents and Short-Term Investments	1.01B	0.00	1.30B	618.97M	986.75M	1.83B
Total Debt	438.00M	415.30M	449.30M	1.93B	2.40B	381.85M
Total Liabilities	16.22B	16.98B	15.36B	14.30B	16.20B	15.09B
Stockholders Equity	1.35B	1.47B	1.46B	1.21B	1.07B	1.11B
Cash Flow
Free Cash Flow	0.00	496.82M	418.88M	286.72M	-611.97M	1.16B
Operating Cash Flow	0.00	498.58M	421.81M	314.29M	-592.13M	1.17B
Investing Cash Flow	0.00	-2.01B	-27.73M	-27.47M	-20.50M	93.36M
Financing Cash Flow	0.00	868.14M	-213.24M	-1.94B	-233.46M	-311.38M

Banca Generali SpA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 51.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BGN, the sentiment is Neutral. The current price of 51.65 is above the 20-day moving average (MA) of 51.13, below the 50-day MA of 53.35, and above the 200-day MA of 51.13, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 48.35 is Neutral, neither overbought nor oversold. The STOCH value of 74.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:BGN.

Banca Generali SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ISP	76 Outperform	€98.01B	10.67	14.41%	6.08%	-10.70%	7.46%
CE	73 Outperform	€5.18B	8.39	13.87%	6.23%	-7.81%	4.89%
BMED	71 Outperform	€13.64B	12.65	26.99%	6.35%	-5.10%	26.87%
BGN	69 Neutral	€6.20B	12.42	31.07%	4.75%	4.46%	-0.62%
FBK	69 Neutral	€12.64B	10.31	40.02%	3.35%	2.97%	4.64%
MB	62 Neutral	€14.22B	12.07	11.91%	6.61%	-0.72%	6.52%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%