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Banca Generali SpA
(BGN)
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Rating:73Outperform
Price Target:
€74.00
▲(30.63% Upside)
Action:Upgraded
Date:06/23/26
The score is driven primarily by strong financial performance (rapid revenue growth, high profitability, improved leverage, and strong ROE). Technicals are supportive due to a strong uptrend but are tempered by overbought momentum signals, while valuation is helped by a reasonable P/E and a strong dividend yield.
Positive Factors
Revenue Growth
Sustained double-digit top-line acceleration into 2025 builds a larger fee-bearing asset base and strengthens recurring management and advisory revenues. Over 2–6 months this momentum supports predictable fee income, improves operating leverage potential and funds reinvestment or client retention initiatives.
Negative Factors
Cash-flow volatility
Historical swings in operating and free cash flow undermine predictability of distributions and reinvestment plans. Even with recent recovery, episodic negative cash flow in stress years suggests earnings are sensitive to market cycles and product mix, elevating medium-term cash planning risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line acceleration into 2025 builds a larger fee-bearing asset base and strengthens recurring management and advisory revenues. Over 2–6 months this momentum supports predictable fee income, improves operating leverage potential and funds reinvestment or client retention initiatives.
Read all positive factors
Banca Generali SpA (BGN) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€7.45B
Dividend Yield4.75%
Average Volume (3M)205.05K
Price to Earnings (P/E)16.1
Beta (1Y)0.92
Revenue Growth4.69%
EPS Growth10.11%
CountryIT
Employees1,265
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.05
Shares Outstanding116,851,640
10 Day Avg. Volume152,172
30 Day Avg. Volume205,053
Financial Highlights & Ratios
PEG Ratio4.25
Price to Book (P/B)4.45
Price to Sales (P/S)3.95
P/FCF Ratio13.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€67.33Price Target Upside18.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.62
Revenue Forecast (FY)€1.06B
Banca Generali SpA Business Overview & Revenue Model
Company Description
Banca Generali S.p.A., founded in 1997 and headquartered in Trieste, Italy, focuses on providing a wide array of financial products and services. The firm primarily caters to affluent and high-net-worth clients within Italy, distributing its offer...
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...
Banca Generali SpA Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.47B | 1.65B | 1.30B | 1.05B | 764.90M | 816.01M |
| Gross Profit | 1.67B | 1.65B | 1.14B | 919.41M | 742.66M | 807.13M |
| EBITDA | 598.10M | 575.20M | 569.77M | 483.65M | 359.05M | 428.40M |
| Net Income | 461.91M | 445.80M | 431.23M | 326.14M | 213.03M | 323.10M |
Balance Sheet | ||||||
| Total Assets | 18.99B | 18.46B | 16.82B | 15.52B | 17.27B | 16.19B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 854.60M | 1.30B | 618.97M | 986.75M | 1.83B |
| Total Debt | 590.49M | 2.11B | 449.30M | 1.93B | 2.40B | 381.85M |
| Total Liabilities | 17.31B | 16.98B | 15.36B | 14.30B | 16.20B | 15.09B |
| Stockholders Equity | 1.69B | 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
Positive
56.65
Price Trends
57.95
Positive
54.44
Positive
52.42
Positive
Market Momentum
2.42
Positive
68.41
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BGN, the sentiment is Positive. The current price of 56.65 is below the 20-day moving average (MA) of 63.00, below the 50-day MA of 57.95, and above the 200-day MA of 52.42, indicating a bullish trend. The MACD of 2.42 indicates Positive momentum. The RSI at 68.41 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:BGN.
Banca Generali SpA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €16.67B | 13.02 | 26.99% | 6.35% | -45.43% | 11.12% | |
76 Outperform | €106.85B | 11.13 | 14.41% | 6.08% | -8.72% | 8.09% | |
73 Outperform | €7.45B | 16.15 | 31.07% | 4.75% | 4.69% | 10.11% | |
73 Outperform | €5.95B | 11.16 | 13.87% | 6.23% | -10.60% | -22.83% | |
69 Neutral | €13.84B | 16.90 | 40.02% | 3.35% | 0.32% | -0.89% | |
61 Neutral | €21.53B | 17.84 | 11.91% | 6.61% | -23.69% | 32.49% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IT:BGN
Banca Generali SpA
66.25
22.14
50.20%
IT:CE
Credito Emiliano SPA Credem
17.52
5.78
49.17%
IT:FBK
FinecoBank SpA
22.62
4.84
27.21%
IT:ISP
Intesa Sanpaolo SpA
6.17
1.62
35.56%
IT:MB
Mediobanca Banca di Credito Finanziario S.p.A.
26.70
9.27
53.18%
IT:BMED
Banca Mediolanum SpA
22.60
9.24
69.19%
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.