Credito Emiliano SPA Credem (CE) AI Stock Analysis

• Market Cap: €4.19B
• Dividend Yield: 5.29%
• Average Volume (3M): 168.50K
• Price to Earnings (P/E): 6.1
• Beta (1Y): 0.87
• Revenue Growth: 8.72%
• EPS Growth: 10.06%
• Country: IT
• Employees: 6,289
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 0.67
• Shares Outstanding: 341,320,070
• 10 Day Avg. Volume: 157,126
• 30 Day Avg. Volume: 168,500
• PEG Ratio: 4.07
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 78.69
• 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

• Rating: 67 Neutral
• Price Target: ―

Credito Emiliano SPA Credem's overall stock score is primarily influenced by its solid valuation, characterized by a low P/E ratio and high dividend yield, making it attractive for value and income investors. However, mixed financial performance, marked by revenue and cash flow declines, poses challenges. Technical indicators suggest cautious optimism with long-term strength but short-term weakness.

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

Credito Emiliano S.p.A. generates revenue through various financial services and products. The primary revenue stream comes from interest income, derived from loans and mortgages offered to individuals and businesses. Additionally, the bank earns fees and commissions from asset management, insurance products, and financial advisory services. Credem also benefits from trading and investment activities within its treasury operations. The company leverages strategic partnerships and alliances to enhance its product offerings and reach, contributing to its overall financial performance. Moreover, Credem's emphasis on digital transformation and customer-centric solutions helps attract and retain clients, thereby supporting its revenue growth.

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	2.95B	2.16B	2.97B	1.60B	1.48B	1.32B
Gross Profit	2.88B	2.16B	2.97B	1.60B	1.48B	1.32B
EBITDA	226.28M	0.00	0.00	570.92M	557.07M	335.98M
Net Income	587.18M	620.05M	562.12M	326.12M	352.43M	201.59M
Balance Sheet
Total Assets	65.74B	67.97B	68.02B	65.04B	67.58B	56.65B
Cash, Cash Equivalents and Short-Term Investments	-5.55B	4.21B	-14.89B	3.36B	8.04B	7.81B
Total Debt	10.65B	0.00	10.37B	5.86B	3.17B	2.88B
Total Liabilities	61.92B	63.68B	64.15B	61.83B	64.12B	53.52B
Stockholders Equity	3.82B	4.29B	3.87B	3.21B	3.46B	3.13B
Cash Flow
Free Cash Flow	106.79M	-1.91B	3.07B	3.23B	-5.02M	-28.47M
Operating Cash Flow	106.79M	-1.79B	3.19B	3.34B	135.81M	57.37M
Investing Cash Flow	0.00	-106.97M	-110.05M	-101.39M	-126.43M	-69.53M
Financing Cash Flow	0.00	-218.56M	-108.84M	-108.34M	-15.18M	2.12M

Credito Emiliano SPA Credem Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 12.32 is above the 20-day moving average (MA) of 12.23, above the 50-day MA of 11.89, and above the 200-day MA of 10.77, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 55.41 is Neutral, neither overbought nor oversold. The STOCH value of 56.26 is Neutral, 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
Sector *	67 Neutral	$16.67B	11.44	9.71%	3.91%	11.61%	-9.60%
CE	67 Neutral	€4.19B	6.09	17.03%	5.29%	8.72%	10.06%
0NBX		€1.20B	7.22	9.47%	8.21%	―	―
0NWJ		€5.25B	8.68	14.61%	5.94%	―	―
0FP9		€108.26M	13.48	5.24%	6.71%	―	―
0O5V		€936.51M	7.65	8.39%	6.55%	―	―
53D		€315.72M	4.84	-7.32%	6.92%	―	―

Credito Emiliano SPA Credem Corporate Events

Credem Reports Strong 2024 Financial Performance with Increased Profit and Dividend

Credem’s shareholders approved the 2024 financial statements, showcasing a 10.3% year-over-year increase in net profit to 620.1 million euros and a dividend rise to 0.75 euros per share. The bank’s solid performance is attributed to its strategic focus on diversification and sustainable growth, with customer deposits and loans increasing significantly. Credem’s asset quality remains high, with a low Gross NPL Ratio and strong capital ratios, positioning it as a leading institution in Europe. The bank’s continued growth and strategic initiatives underscore its resilience amid macroeconomic and geopolitical uncertainties, benefiting stakeholders and ensuring long-term value creation.

Credito Emiliano S.p.A. Announces Shareholders’ Meeting Agenda for 2025

Credito Emiliano S.p.A. has announced its Ordinary Shareholders’ Meeting scheduled for April 30, 2025, where shareholders will participate exclusively through a designated representative. The meeting will address several key agenda items, including the approval of financial statements, determination of director and auditor remuneration, and the appointment of the Board of Statutory Auditors. Additionally, the meeting will discuss the integration of audit fees, the extension of the sustainability report audit mandate, and the approval of remuneration policies. The company also plans to authorize the purchase of own shares and propose an increase in the variable-to-fixed remuneration ratio for certain employees. The outcomes of this meeting could significantly impact Credem’s operational strategies and stakeholder relationships.

Credito Emiliano Administrator Sells Ordinary Shares on Italian Market

The announcement highlights a transaction involving the sale of ordinary shares by Giorgia Fontanesi, an administrator at Credito Emiliano. This transaction took place on the Italian electronic share market and may reflect strategic financial adjustments within the company, potentially impacting Credem’s market positioning and stakeholder interests.