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FinecoBank SpA
(FBK)
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Rating:65Neutral
Price Target:
€25.00
▲(5.31% Upside)
Action:Downgraded
Date:04/02/26
FinecoBank SpA's overall score of 65 is primarily driven by strong financial performance, with robust revenue growth and high profit margins, though tempered by rising debt and cash flow volatility. Technical indicators suggest neutral to bearish momentum, while valuation remains reasonable with an attractive dividend yield. Financial health is the most significant factor in this assessment.
Positive Factors
High Profitability Margins
Sustained very high operating and net margins signal durable operational efficiency and pricing power in core brokerage and banking services. High margins support strong return on capital, allow reinvestment in digital capabilities, and provide buffer through business cycles.
Negative Factors
Revenue Growth Volatility
Year-to-year swings in revenue reduce predictability of fee income and complicate planning for operating costs and investment. Volatile topline trends make it harder to model sustainable growth drivers and could pressure margins if adverse periods persist.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability Margins
Sustained very high operating and net margins signal durable operational efficiency and pricing power in core brokerage and banking services. High margins support strong return on capital, allow reinvestment in digital capabilities, and provide buffer through business cycles.
Read all positive factors
FinecoBank SpA (FBK) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€14.47B
Dividend Yield3.33%
Average Volume (3M)1.56M
Price to Earnings (P/E)21.5
Beta (1Y)1.12
Revenue Growth-12.17%
EPS Growth3.39%
CountryIT
Employees1,529
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.06
Shares Outstanding611,890,600
10 Day Avg. Volume1,730,657
30 Day Avg. Volume1,561,041
Financial Highlights & Ratios
PEG Ratio-22.41
Price to Book (P/B)5.32
Price to Sales (P/S)10.31
P/FCF Ratio14.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€26.80Price Target Upside12.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.11
Revenue Forecast (FY)€1.45B
FinecoBank SpA Business Overview & Revenue Model
Company Description
FinecoBank Banca Fineco S.p.A., founded in Reggio Emilia, Italy, in 1999, is a financial institution offering a comprehensive suite of banking and investment solutions. The company's operations are divided into three main divisions: Banking, Broke...
How the Company Makes Money
FinecoBank generates revenue mainly from fees and commissions and, to a lesser extent, interest-related income tied to its banking activities. Key revenue streams typically include: (1) Net commissions and fees from its brokerage business (e.g., c...
FinecoBank SpA Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.74B | 1.32B | 1.64B | 1.50B | 1.11B | 955.09M |
| Gross Profit | 1.74B | 1.31B | 1.52B | 1.40B | 1.09B | 947.64M |
| EBITDA | 960.52M | 963.24M | 965.08M | 899.38M | 631.23M | 520.62M |
| Net Income | 645.04M | 647.04M | 652.28M | 609.10M | 428.50M | 380.71M |
Balance Sheet | ||||||
| Total Assets | 37.45B | 37.30B | 34.69B | 33.32B | 36.27B | 33.87B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 2.09B | 1.96B | 2.55B | 1.79B | 1.77B |
| Total Debt | 801.56M | 1.66B | 810.23M | 870.65M | 561.28M | 562.60M |
| Total Liabilities | 34.74B | 34.74B | 32.30B | 31.12B | 34.36B | 32.14B |
| Stockholders Equity | 2.70B | 2.55B | 2.39B | 2.19B | 1.91B | 1.73B |
Cash Flow | ||||||
| Free Cash Flow | 952.81M | 952.81M | 136.29M | 1.12B | 255.72M | -229.79M |
| Operating Cash Flow | 967.10M | 967.10M | 154.93M | 1.14B | 269.10M | -215.26M |
| Investing Cash Flow | -3.01B | -3.01B | -18.64M | -15.72M | -12.40M | -15.86M |
| Financing Cash Flow | 1.97B | 1.97B | -451.82M | -321.30M | -258.52M | -343.78M |
FinecoBank SpA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | €7.43B | 4.01 | 31.60% | 4.37% | 271.45% | 374.55% | |
82 Outperform | €123.20B | 11.59 | 16.15% | 3.92% | 2.06% | 8.44% | |
76 Outperform | €16.80B | 13.09 | 28.43% | 5.50% | -35.47% | 14.41% | |
71 Outperform | €22.35B | 18.86 | 10.73% | 4.39% | -23.69% | 32.49% | |
65 Neutral | €14.47B | 21.54 | 26.08% | 3.33% | -12.17% | 3.39% | |
62 Neutral | €115.02B | 11.68 | 15.77% | 5.84% | -15.86% | 7.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IT:FBK
FinecoBank SpA
23.69
6.26
35.92%
IT:UCG
UniCredit SpA
81.61
20.11
32.69%
IT:BGN
Banca Generali SpA
65.35
18.35
39.05%
IT:ISP
Intesa Sanpaolo SpA
6.54
1.71
35.52%
IT:MB
Mediobanca Banca di Credito Finanziario S.p.A.
27.92
9.47
51.31%
IT:BMED
Banca Mediolanum SpA
23.17
8.60
58.98%
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.