Credito Emiliano SPA Credem (IT:CE)
:CE
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Credito Emiliano SPA Credem
(CE)
Select Model
Select Model
Rating:73Outperform
Price Target:
€16.00
▲(3.76% Upside)
Action:ReiteratedDate:02/09/26
The score is primarily held back by volatile cash flow and leverage swings despite strong profitability. Offsetting this, technicals show an established uptrend and momentum, and valuation is compelling with a low P/E and a high dividend yield.
Positive Factors
Sustained Profitability
Consistent, high margins and resilient net income across 2023–2025 indicate entrenched core earnings power. That margin durability supports internal capital generation, dividend capacity and reinvestment, helping the bank absorb cyclical shocks and fund strategic initiatives over months.
Negative Factors
Highly Volatile Cash Flow
Large year-to-year swings in operating and free cash flow undermine confidence in the bank's ability to consistently fund operations, dividends and reserves. The sharp 2024 outflow shows vulnerability to timing, liquidity or structural funding shifts that complicate multi-quarter planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Consistent, high margins and resilient net income across 2023–2025 indicate entrenched core earnings power. That margin durability supports internal capital generation, dividend capacity and reinvestment, helping the bank absorb cyclical shocks and fund strategic initiatives over months.
Read all positive factors
Credito Emiliano SPA Credem (CE) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€5.00B
Dividend Yield6.23%
Average Volume (3M)135.84K
Price to Earnings (P/E)11.3
Beta (1Y)0.94
Revenue Growth-7.81%
EPS Growth4.89%
CountryIT
Employees6,289
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.34
Shares Outstanding341,320,070
10 Day Avg. Volume178,195
30 Day Avg. Volume135,843
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.12
Price to Sales (P/S)1.72
P/FCF Ratio21.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€16.20Price Target Upside5.06% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.45
Revenue Forecast (FY)€1.92B
Credito Emiliano SPA Credem Business Overview & Revenue Model
Company Description
Credito Emiliano S.p.A., together with its subsidiaries, provides various banking services to retail and corporate customers primarily in Italy. It operates through Commercial Banking, Asset Management, Bancassurance, Trading, ALM Treasury, and Co...
How the Company Makes Money
Credem primarily makes money through a combination of banking and fee-based financial services. A core revenue stream is net interest income: it earns interest on loans and other interest-earning assets (e.g., mortgages, consumer and business lend...
Credito Emiliano SPA Credem Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.91B | 3.03B | 3.06B | 2.79B | 1.76B | 1.58B |
| Gross Profit | 2.22B | 2.42B | 2.20B | 2.06B | 1.61B | 1.48B |
| EBITDA | 1.05B | 906.74M | 1.02B | 934.53M | 577.15M | 563.41M |
| Net Income | 668.05M | 621.47M | 620.05M | 562.12M | 326.12M | 352.43M |
Balance Sheet | ||||||
| Total Assets | 65.05B | 68.13B | 67.97B | 68.02B | 65.04B | 67.58B |
| Cash, Cash Equivalents and Short-Term Investments | 2.05B | 1.44B | 4.68B | 6.78B | 3.36B | 8.04B |
| Total Debt | 5.34B | 7.64B | 5.13B | 5.30B | 15.39B | 3.17B |
| Total Liabilities | 60.61B | 63.46B | 63.68B | 64.15B | 61.46B | 64.12B |
| Stockholders Equity | 4.44B | 4.66B | 4.29B | 3.87B | 3.36B | 3.46B |
Cash Flow | ||||||
| Free Cash Flow | -2.30B | 248.13M | -1.91B | 3.14B | 3.23B | -5.02M |
| Operating Cash Flow | -2.27B | 299.13M | -1.79B | 3.19B | 3.34B | 135.81M |
| Investing Cash Flow | -30.05M | -1.97B | -106.97M | -110.05M | -101.39M | -126.43M |
| Financing Cash Flow | -258.20M | -1.13B | -218.56M | -108.84M | -108.34M | -15.18M |
Credito Emiliano SPA Credem Technical Analysis
Positive
15.42
Price Trends
15.09
Negative
15.01
Negative
14.13
Positive
Market Momentum
-0.15
Negative
48.65
Neutral
87.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CE, the sentiment is Positive. The current price of 15.42 is above the 20-day moving average (MA) of 14.49, above the 50-day MA of 15.09, and above the 200-day MA of 14.13, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 48.65 is Neutral, neither overbought nor oversold. The STOCH value of 87.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:CE.
Credito Emiliano SPA Credem Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €22.36B | 12.53 | 13.48% | 6.09% | 5.23% | 3.54% | |
73 Outperform | €5.00B | 11.33 | 13.87% | 6.23% | -7.81% | 4.89% | |
72 Outperform | €7.40B | 11.56 | 14.64% | 4.87% | -10.80% | 20.43% | |
71 Outperform | €13.08B | 12.65 | 26.99% | 6.35% | -5.10% | 26.87% | |
69 Neutral | €11.87B | 10.31 | 40.02% | 3.35% | 2.97% | 4.64% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | €18.24B | 5.75 | 18.92% | 8.25% | 2.23% | 72.08% |
* Financial Sector Average
IT:CE
Credito Emiliano SPA Credem
14.71
4.19
39.83%
IT:BPSO
Banca Popolare di Sondrio S.C.p.A.
16.47
7.84
90.90%
IT:BAMI
Banco BPM S.p.A.
12.07
4.62
62.01%
IT:BPE
BPER Banca S.p.A.
11.39
5.92
108.34%
IT:FBK
FinecoBank SpA
19.41
4.20
27.64%
IT:BMED
Banca Mediolanum SpA
17.74
5.98
50.88%
Credito Emiliano SPA Credem Corporate Events
Credem Calls 2026 Shareholders’ Meeting, Sets Dividend and Governance Timetable
Mar 27, 2026
Credito Emiliano S.p.A. has called its Ordinary Shareholders’ Meeting for 29 April 2026 in Reggio Emilia, with participation allowed exclusively via a designated representative under Italian securities law. The agenda includes approval of th...
Credem Posts €621.5 Million Profit and Lifts Shareholder Payouts With New Incentive Plans
Mar 12, 2026
Credem reported a consolidated net profit of €621.5 million for 2025, up 0.2% year on year, supported by 8.4% growth in customer funding to €114.1 billion, a 3.6% increase in loans to €37.7 billion, and the acquisition of over 18...
Credem Co-General Manager Discloses Sale of 10,000 Shares
Feb 9, 2026
Credito Emiliano’s co-general manager, Stefano Pilastri, has reported the sale of 10,000 Credem ordinary shares on the MTAA market. The transaction, executed on 9 February 2026 at a price of €15.8537 per share, is a routine disclosure ...
Credem Posts Solid 2025 Profit, Boosts Lending and Funding While Advancing ESG and Digital Strategy
Feb 5, 2026
Credem reported preliminary 2025 results with consolidated net profit of €621.5 million, supported by strong capitalization (CET1 ratio of 16.99% at banking group level) and a low cost of risk at 13 basis points, while approving a dividend o...
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.