Societe Generale (SCGLY)
OTHER OTC:SCGLY
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Societe Generale
(OTC:SCGLY)
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Rating:53Neutral
Price Target:
$15.00
â–²(8.77% Upside)
Action:DowngradedDate:02/18/26
The score is held back primarily by weaker financial quality signals (higher leverage and negative operating/free cash flow despite reported profits) and a soft near-term technical setup. Offsetting factors include supportive valuation (low P/E and high yield) and a constructive earnings-call outlook with clear profitability, cost, and capital-return targets.
Positive Factors
Capital Strength & Returns
A CET1 ratio of 13.5% after Basel IV and a large, reinstated distribution program indicate a durable capital buffer and explicit capital-return discipline. This strengthens the bank's ability to absorb shocks, support lending, and execute buybacks/dividends without immediate external funding.
Negative Factors
Material Leverage Increase
A sharp step-up in leverage materially raises funding and solvency sensitivity to adverse market moves or higher rates. Higher leverage constrains strategic flexibility, increases regulatory and rating risk, and amplifies downside on earnings and capital if credit or market losses recur.
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Positive Factors
Negative Factors
Capital Strength & Returns
A CET1 ratio of 13.5% after Basel IV and a large, reinstated distribution program indicate a durable capital buffer and explicit capital-return discipline. This strengthens the bank's ability to absorb shocks, support lending, and execute buybacks/dividends without immediate external funding.
Read all positive factors
Societe Generale (SCGLY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$53.32B
Dividend Yield0.6%
Average Volume (3M)95.47K
Price to Earnings (P/E)4.3
Beta (1Y)1.00
Revenue Growth-13.59%
EPS Growth182.59%
CountryUS
Employees111,754
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.38
Shares Outstanding3,758,619,900
10 Day Avg. Volume185,112
30 Day Avg. Volume95,468
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.86
Price to Sales (P/S)0.60
P/FCF Ratio-1.79
Enterprise Value/Market Cap0.44
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit0.53
Enterprise Value/Ebitda2.14
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.79
Revenue Forecast (FY)$32.82B
Societe Generale Business Overview & Revenue Model
Company Description
Société Générale Société anonyme provides financial services to individual, business, and institutional investors in Europe and internationally. It offers retail banking services under the Societe Generale, Credit du Nord, and Boursorama brand nam...
How the Company Makes Money
Société Générale generates revenue primarily through a mix of net interest income, fees and commissions, trading and investment income, and insurance/asset-management related income. Net interest income is earned on the spread between interest col...
Societe Generale Earnings Call Summary
Earnings Call Date:Feb 06, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: management reported record 2025 revenues (EUR 27.3bn), record profit (EUR ~6bn), meaningful improvements in efficiency and capital (CET1 13.5%), and strong business-level performances across retail, GBIS, and International pillars. Management upgraded 2026 profitability targets and reaffirmed disciplined capital returns while maintaining liquidity and asset-quality metrics within guidance. Notable challenges include Q4 Global Markets softness (product and geographic mix effects), normalization impacts at Ayvens (lower UCS/unit results), sizable Stage 3 provisions in Q4, and a paused extraordinary buyback due to authorization limits. Overall, the highlights outweigh the lowlights, with the company signaling continued transformation, ambitious but achievable cost and profitability targets, and a clear capital-return framework.Positive Updates
Record Revenues and Strong Profitability
Group revenues reached EUR 27.3 billion in 2025 (record), with revenues up almost 7% excluding asset disposals; group net income reached ~EUR 6.0 billion; ROTE was 10.2% for the year (9.6% excl. capital gains), above the 2025 target of ~9%.
Negative Updates
Global Markets Q4 Softness and Product Weaknesses
Global Markets Q4 2025 revenues eased by 8% vs Q4 2024; equities revenues -5% in Q4 and fixed income & currencies down 13% vs a very strong Q4 2024; geographic and product mix (heavier Europe/Asia, lower U.S. and commodities exposure) contributed to relative underperformance in the quarter.
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Q4-2025 Updates
Positive
Negative
Record Revenues and Strong Profitability
Group revenues reached EUR 27.3 billion in 2025 (record), with revenues up almost 7% excluding asset disposals; group net income reached ~EUR 6.0 billion; ROTE was 10.2% for the year (9.6% excl. capital gains), above the 2025 target of ~9%.
Read all positive updates
Company Guidance
Management guided 2026 as a year of measured, profitable growth: net banking income >2% on a reported basis, reported operating costs down ~3%, cost-to-income below 60%, cost of risk within 25–30 bps, ROTE above 10% and organic RWA growth of around 2%; Global Markets guidance (adjusted for Bernstein U.S.) is EUR 5.1–5.7bn with management expecting to be above the top end, and BoursoBank targets a net profit above EUR 300m. These targets build on 2025 results of EUR 27.3bn revenues and ~EUR 6bn group net income (revenues +~7% excl. disposals), costs -2% excl. disposals, a 2025 cost-to-income of 63.6% (improved >5pp), cost of risk 26 bps (29 bps in Q4; 26 bps FY), ROTE 10.2% (9.6% excl. disposal gains), CET1 13.5% after Basel IV and extraordinary buybacks, a proposed ordinary distribution of EUR 2.7bn (EUR 1.61 DPS, including EUR 1.462bn buyback) and total 2025 distributions of EUR 4.679bn (+169% YoY); liquidity reserves stood at EUR 318bn with LCR 144%, NSFR 116%, loan-to-deposit 77%, NPLs 2.8% and net coverage 82%.Societe Generale Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
41
Neutral
Cash Flow
30
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 86.16B | 97.64B | 87.14B | 53.99B | 46.12B |
| Gross Profit | 52.60B | 52.51B | 44.36B | 36.10B | 36.25B |
| EBITDA | 19.09B | 16.82B | 12.84B | 9.58B | 13.48B |
| Net Income | 5.77B | 4.20B | 2.49B | 1.82B | 5.64B |
Balance Sheet | |||||
| Total Assets | 1.55T | 1.57T | 1.55T | 1.49T | 1.46T |
| Cash, Cash Equivalents and Short-Term Investments | 369.17B | 273.13B | 327.40B | 289.83B | 179.97B |
| Total Debt | 287.17B | 183.09B | 181.13B | 154.80B | 151.28B |
| Total Liabilities | 1.47T | 1.49T | 1.48T | 1.41T | 1.39T |
| Stockholders Equity | 60.36B | 70.26B | 65.97B | 66.97B | 65.10B |
Cash Flow | |||||
| Free Cash Flow | -29.01B | -21.53B | 25.56B | 29.50B | 13.83B |
| Operating Cash Flow | -19.65B | -10.10B | 37.42B | 39.09B | 20.29B |
| Investing Cash Flow | -28.44B | -13.74B | -12.07B | -9.01B | -10.12B |
| Financing Cash Flow | -8.56B | -1.27B | -3.90B | -214.00M | -3.63B |
Societe Generale Technical Analysis
Positive
13.79
Price Trends
16.16
Positive
15.67
Positive
14.09
Positive
Market Momentum
-0.20
Negative
59.61
Neutral
76.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SCGLY, the sentiment is Positive. The current price of 13.79 is below the 20-day moving average (MA) of 14.91, below the 50-day MA of 16.16, and below the 200-day MA of 14.09, indicating a bullish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 59.61 is Neutral, neither overbought nor oversold. The STOCH value of 76.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SCGLY.
Societe Generale Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $96.78B | 9.08 | 21.64% | 9.77% | 11.82% | 3.41% | |
72 Outperform | $89.08B | 10.18 | 11.88% | 3.11% | 1.79% | 30.93% | |
72 Outperform | $23.72B | 11.00 | 11.45% | 3.74% | 4.00% | 28.54% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $80.02B | 12.62 | 9.93% | 3.19% | -20.94% | -18.71% | |
57 Neutral | $108.75B | 10.79 | 9.73% | 2.31% | -2.84% | 25.48% | |
53 Neutral | $53.32B | 4.27 | 9.61% | 0.60% | -13.59% | 182.59% |
* Financial Sector Average
SCGLY
Societe Generale
16.52
8.61
108.80%
ITUB
Itau Unibanco
8.82
3.98
82.27%
LYG
Lloyds Banking
5.55
2.13
62.38%
MFG
Mizuho Financial
8.80
4.26
93.83%
PNC
PNC Financial
220.76
73.95
50.37%
RF
Regions Financial
27.47
9.24
50.71%
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.