Credito Emiliano SPA Credem (CE) AI Stock Analysis

• Market Cap: €4.67B
• Dividend Yield: 6.46%
• Average Volume (3M): 135.84K
• Price to Earnings (P/E): 7.0
• Beta (1Y): 0.91
• Revenue Growth: -7.81%
• EPS Growth: 4.89%
• Country: IT
• Employees: 6,289
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.39
• Shares Outstanding: 341,320,070
• 10 Day Avg. Volume: 178,195
• 30 Day Avg. Volume: 135,843
• PEG Ratio: 0.58
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 1.91
• P/FCF Ratio: -1.94
• 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: 73 Outperform
• Price Target: €16.00 ▲(8.84% Upside)

Credito Emiliano SPA Credem's overall stock score is driven by its strong valuation metrics, with a low P/E ratio and high dividend yield indicating potential undervaluation and attractive income opportunities. Technical analysis supports a positive outlook with bullish momentum, although caution is advised due to approaching overbought levels. Financial performance presents a mixed picture, with strong equity but challenges in revenue and cash flow stability.

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 Corporate Centre and Other segments. The company's deposit products include current and savings accounts, time deposits, certificates of deposit, bonds, and subordinated debts; and loan portfolio comprises mortgages, credit cards, personal loans, and salary-backed loans. It also offers wealth management services, including management of mutual investment funds, SICAV, portfolio management, and private equity and hedge funds; and asset management, bancassurance, fiduciary, remote banking, savings management, brokerage, financial leasing, factoring, insurance, and ALM treasury services. In addition, the company provides cheese warehousing, real estate management, and trading services, as well as develops software. As of December 31, 2021, it operated through 625 branches, business centers, and financial outlets in 20 regions. The company was founded in 1910 and is headquartered in Reggio Emilia, Italy. Credito Emiliano S.p.A. is a subsidiary of Credito Emiliano Holding S.p.A.

How the Company Makes Money

Credem generates revenue through several key streams, primarily from interest income on loans and credit facilities extended to individuals and businesses. Additionally, the company earns fees from various banking services, including transaction processing, account maintenance, and financial advisory services. Wealth management and investment services also contribute significantly to its earnings, as the company charges management fees for assets under administration. Furthermore, Credem has partnerships with insurance companies, enabling it to provide insurance products to its clients, which adds another layer to its revenue base. The bank's diversified portfolio and strong customer relationships are crucial in maintaining its profitability.

Credito Emiliano SPA Credem Financial Statement Overview

Summary

Credito Emiliano SPA Credem demonstrates a mixed financial health profile. Stability is observed in equity and net profit margins, but recent declines in revenue and cash flow pose short-term challenges. The company exhibits a strong balance sheet with no debt reported in 2024, enhancing its resilience against economic fluctuations. Continuous monitoring of cash flow and revenue stability will be critical for future growth.

Income Statement

Credito Emiliano SPA Credem has shown a volatile revenue trajectory with a significant drop in total revenue from 2023 to 2024. Gross profit margins are consistent as gross profit equals total revenue, but the absence of EBIT and EBITDA data for 2023 and 2024 limits a comprehensive profitability analysis. The net profit margin is relatively healthy, showing stability.

Balance Sheet

The company maintains a robust equity position with an increasing stockholders' equity, and the absence of reported debt in 2024 indicates strong financial stability. The equity ratio remains favorable, suggesting a sound use of equity financing. However, historical fluctuations in total assets and liabilities warrant monitoring.

Cash Flow

Operating cash flows have been negative in 2024, a concerning shift from previous years' positive cash flows, indicating potential liquidity issues. Free cash flow also saw a significant negative turn, which may impact future capital investment capabilities. Despite this, past trends showed strong operating cash flow to net income ratios, reflecting past operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.91B	3.06B	2.79B	1.76B	1.58B	1.38B
Gross Profit	2.22B	2.20B	2.06B	1.61B	1.48B	1.32B
EBITDA	1.05B	1.02B	934.53M	577.15M	563.41M	342.43M
Net Income	668.05M	620.05M	562.12M	326.12M	352.43M	201.59M
Balance Sheet
Total Assets	65.05B	67.97B	68.02B	65.04B	67.58B	56.65B
Cash, Cash Equivalents and Short-Term Investments	2.05B	4.68B	-14.89B	3.36B	8.04B	7.90B
Total Debt	5.34B	5.13B	15.55B	15.28B	3.17B	2.88B
Total Liabilities	60.61B	63.68B	64.15B	61.83B	64.12B	53.52B
Stockholders Equity	4.44B	4.29B	3.87B	3.36B	3.46B	3.13B
Cash Flow
Free Cash Flow	-2.30B	-1.91B	3.14B	3.23B	-5.02M	-28.47M
Operating Cash Flow	-2.27B	-1.79B	3.19B	3.34B	135.81M	57.37M
Investing Cash Flow	-30.05M	-106.97M	-110.05M	-101.39M	-126.43M	-69.53M
Financing Cash Flow	-258.20M	-218.56M	-108.84M	-108.34M	-15.18M	2.12M

Credito Emiliano SPA Credem Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.70
• 50DMA: Positive
• 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:CE, the sentiment is Positive. The current price of 14.7 is above the 20-day moving average (MA) of 14.30, above the 50-day MA of 13.81, and above the 200-day MA of 12.69, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 64.93 is Neutral, neither overbought nor oversold. The STOCH value of 93.65 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CE	73 Outperform	€4.67B	7.00	14.69%	6.46%	-7.81%	4.89%
BPSO	72 Outperform	€6.63B	10.24	15.43%	5.38%	-10.80%	20.43%
IF	71 Outperform	€1.34B	7.57	8.85%	8.55%	-3.63%	-5.12%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PRO	64 Neutral	€104.01M	22.08	7.01%	8.45%	-19.12%	29.55%
BDB	61 Neutral	€1.14B	9.74	7.87%	5.22%	-5.81%	-11.05%
ILTY	59 Neutral	―	―	―	―	―	―

Credito Emiliano SPA Credem Corporate Events

Credem: Leading in Capital Solidity Among European Banks

Credem has been recognized as the most solid bank in Italy and among the top three in Europe, according to the European Central Bank’s capital requirements data. With a CET1 ratio of 16.23% as of September 2025, Credem significantly exceeds the minimum requirement of 8.55% for 2026, showcasing its robust business model and effective risk management strategies, ensuring security for its stakeholders.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Credito Emiliano Approves Partial Demerger of Euromobiliare Advisory SIM

Credito Emiliano S.p.A. has approved a partial demerger of Euromobiliare Advisory SIM, redistributing its assets between Euromobiliare Asset Management SGR and Credem itself. This strategic move, filed for registration, aims to streamline operations and enhance the company’s focus on its core banking and asset management services.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Credem Reports Strong Financial Growth and Commitment to Sustainability

Credem reported a consolidated net profit of 506.4 million euros as of September 30, 2025, marking a 4.2% year-over-year increase. The company saw significant growth in loans and customer deposits, with over 137 thousand new customers. Credem’s strong financial performance is supported by a robust capital position, low non-performing loan ratios, and a focus on sustainability and innovation. The bank continues to expand its customer base through its extensive branch network and digital channels, while also investing in technology and sustainability initiatives.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Credem Group Recognized for Capital Strength by ECB

The European Central Bank has set Credem’s Pillar 2 Requirement for 2026 at 1.25%, positioning the Group among the best in Italy and Europe for capital strength. This decision highlights the robustness of Credito Emiliano’s business model and risk management, with capital ratios significantly exceeding the required levels. As of June 30, 2025, the Group’s CET1 Ratio at the Credemholding level was 15.83%, and at the Banking Group level, it was 16.97%, indicating a strong buffer against capital requirements. This capital strength is attributed to the Group’s strategic management, which combines financial discipline with a long-term vision, ensuring trust from customers and stakeholders.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Credito Emiliano Announces Partial Spin-Off of Euromobiliare Advisory

Credito Emiliano S.p.A. has announced the partial spin-off of its subsidiary, Euromobiliare Advisory SIM S.p.A., in favor of itself and Euromobiliare Asset Management SGR S.p.A. This strategic move, following authorization from supervisory authorities, aims to streamline operations and enhance the company’s asset management capabilities. The spin-off project has been published on the companies’ websites and will be submitted for approval by Credem’s Board of Directors. Shareholders are given the right to request a decision on the merger through an extraordinary shareholders’ meeting if they represent at least five percent of the share capital. This development is expected to impact Credem’s operational efficiency and market positioning positively.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Fitch Upgrades Credem’s Long-Term Rating to ‘BBB+’ with Stable Outlook

Fitch Ratings has upgraded Credem’s Long-Term Issuer Default Ratings to ‘BBB+’ from ‘BBB’ with a stable outlook, following an improvement in Italy’s sovereign rating. This upgrade reflects Credem’s strong position in northern Italy, superior asset quality, and prudent credit and capital management, enhancing its competitive standing and stability in the banking sector.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Credito Emiliano Completes Share Repurchase Program

Credito Emiliano S.p.A., a financial institution, has completed its share repurchase program, acquiring 1,500,000 shares, representing approximately 0.44% of its share capital, at a total value of Euro 19,115,798.86. This strategic move, executed on the Euronext Milan, enhances the company’s stock management and reflects its commitment to shareholder value, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Credito Emiliano Executes Share Buyback Program

Credito Emiliano S.p.A. conducted a share repurchase program from September 1 to September 5, 2025, acquiring 85,500 ordinary shares, which represent 0.03% of its share capital, at an average price of 13.3285 euros per share. This buyback, part of a previously announced program, underscores Credem’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in the company’s financial health.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.

Credito Emiliano S.p.A. Acquires Own Shares as Part of Strategic Program

Credito Emiliano S.p.A. has announced the purchase of 3,000 of its own ordinary shares on Euronext Milan between August 11 and August 15, 2025, as part of its ongoing share purchase program. The acquisition, which represents 0.001% of the company’s share capital, was executed with the assistance of Equita SIM S.p.A. and aligns with the authorization from the Shareholders’ Meeting in April 2025, reflecting the company’s strategic financial management efforts.

The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.