Intesa Sanpaolo SpA (ISP) AI Stock Analysis

• Market Cap: €99.43B
• Dividend Yield: 6.08%
• Average Volume (3M): 47.52M
• Price to Earnings (P/E): 10.7
• Beta (1Y): 1.26
• Revenue Growth: -10.70%
• EPS Growth: 7.46%
• Country: IT
• Employees: 91,825
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.10
• Shares Outstanding: 17,413,389,000
• 10 Day Avg. Volume: 46,484,743
• 30 Day Avg. Volume: 47,522,660
• PEG Ratio: 0.85
• Price to Book (P/B): 1.61
• Price to Sales (P/S): 3.86
• P/FCF Ratio: 0.00
• 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: €6.86
• Price Target Upside: 17.47% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: €7.00 ▲(19.86% Upside)

Intesa Sanpaolo SpA's overall stock score is driven by strong financial performance, particularly in revenue and profit growth, and a robust equity position. The technical analysis indicates a positive market trend, supported by bullish momentum. The valuation is attractive with a reasonable P/E ratio and high dividend yield, making it appealing for income-focused investors. The absence of earnings call and corporate events data did not impact the score.

Positive Factors

Balance sheet strength

Elimination of total debt and a 7.20% equity ratio materially improve capital resilience and regulatory headroom. Strong ROE (12.89%) shows effective equity deployment, supporting lending capacity, dividend policy and shock absorption over the medium term.

Diversified banking model

A multi-line franchise spanning retail, corporate, asset management and capital markets provides recurring interest income and fee diversification. Cross-selling scale across millions of customers and strategic partnerships supports durable revenue streams and lower customer concentration risk.

Improving operating margins

A rising EBIT margin and double-digit reported revenue growth reflect structural cost efficiency and profitable core lending/fee businesses. Sustained margin expansion increases internal cash generation capacity and competitiveness across cycles if credit quality holds.

Negative Factors

Weak cash generation

Sharply declining free cash flow and negative operating cash flow versus reported income signal weak cash conversion. Persistent cash generation issues constrain capital returns, increase reliance on balance sheet management, and can pressure liquidity through economic cycles.

Revenue metric volatility

A negative revenue growth metric in fundamentals indicates inconsistent top-line performance versus some reporting lines. Revenue volatility undermines forecasting, weakens confidence in sustainable earnings delivery, and complicates capital allocation over the medium term.

Limited comparability of profitability

Missing EBITDA and a banking-specific revenue structure reduce transparency and comparability with peers, obscuring operating leverage and cost trends. This hampers reliable assessment of sustainable margins and makes long-term performance benchmarking harder for investors.

Intesa Sanpaolo SpA Business Overview & Revenue Model

Company Description

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services. It also provides consumer credit and E-money; wealth management and private banking services. The company serves individuals, small and medium-sized businesses, non-profit organizations, corporates and financial institutions, public administration, private clients and high net worth individuals, institutional clientele, and other customers. Intesa Sanpaolo S.p.A. is headquartered in Turin, Italy.

How the Company Makes Money

Intesa Sanpaolo generates revenue primarily through interest income from loans and mortgages provided to consumers and businesses. Additionally, the bank earns fees and commissions from various services, including asset management, investment services, and transaction fees related to payment processing. The bank's investment banking division contributes to earnings through advisory services and capital markets activities. Intesa Sanpaolo's strong retail presence, combined with its extensive corporate relationships, allows it to leverage cross-selling opportunities, enhancing its revenue streams. Strategic partnerships with other financial institutions and companies also play a role in expanding its service offerings and customer base, further supporting its financial performance.

Intesa Sanpaolo SpA Financial Statement Overview

Summary

Intesa Sanpaolo SpA demonstrates strong revenue and profit growth, supported by efficient cost management and a robust equity position. While the company has eliminated its total debt, enhancing financial stability, significant negative operating cash flows pose a challenge. The banking sector's unique revenue structure and absence of EBITDA data limit some aspects of the analysis.

Income Statement

The company showed strong revenue growth with a 11.55% increase from 2023 to 2024. Gross profit margin is stable at 100% due to banking revenue structure. EBIT margin is robust, increasing from 47.98% in 2023 to 55.19% in 2024, indicating efficient cost management and operational strength. However, the absence of EBITDA data limits the analysis.

Balance Sheet

The company maintains a strong equity base with an equity ratio of 7.20% in 2024, reflecting a healthy balance sheet. The debt-to-equity ratio decreased significantly as total debt was reduced to zero, which enhances financial stability. Return on equity improved to 12.89% in 2024, showcasing effective utilization of equity to generate profits.

Cash Flow

The free cash flow declined sharply by 120.45% from 2023 to 2024, indicating challenges in cash generation. The operating cash flow to net income ratio is negative, primarily due to significant negative operating cash flows, which could signal liquidity issues. However, the previous years showed better cash flow positions, suggesting potential for recovery.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.11B	44.81B	41.01B	25.44B	24.38B
Gross Profit	25.37B	28.29B	25.42B	21.57B	21.90B
EBITDA	13.63B	13.77B	12.40B	7.76B	6.77B
Net Income	9.86B	8.67B	7.72B	4.38B	4.18B
Balance Sheet
Total Assets	959.89B	933.28B	963.57B	974.59B	1.07T
Cash, Cash Equivalents and Short-Term Investments	0.00	51.38B	98.83B	122.09B	145.84B
Total Debt	58.82B	146.57B	142.13B	98.45B	101.22B
Total Liabilities	894.51B	867.96B	899.44B	913.32B	1.00T
Stockholders Equity	65.23B	65.18B	63.96B	61.10B	63.77B
Cash Flow
Free Cash Flow	0.00	-41.86B	-18.99B	100.43B	6.91B
Operating Cash Flow	0.00	-40.19B	-17.34B	102.28B	8.80B
Investing Cash Flow	0.00	-1.25B	-588.00M	-538.00M	-2.23B
Financing Cash Flow	0.00	-7.19B	-5.59B	-3.52B	-5.59B

Intesa Sanpaolo SpA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.84
• 50DMA: Negative
• 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:ISP, the sentiment is Positive. The current price of 5.84 is below the 20-day moving average (MA) of 5.90, below the 50-day MA of 5.87, and above the 200-day MA of 5.28, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.43 is Neutral, neither overbought nor oversold. The STOCH value of 25.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ISP.

Intesa Sanpaolo SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BPE	79 Outperform	€23.11B	12.71	13.13%	6.09%	5.23%	3.54%
ISP	76 Outperform	€99.43B	10.69	15.44%	6.08%	-10.70%	7.46%
UCG	75 Outperform	$113.96B	10.62	17.88%	4.15%	26.99%	10.44%
BAMI	72 Outperform	€18.15B	8.74	16.45%	8.25%	2.23%	72.08%
FBK	71 Outperform	€11.94B	18.45	32.83%	3.35%	2.97%	4.64%
MB	70 Outperform	€14.63B	12.44	11.91%	6.61%	-0.72%	6.52%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%