Alberto Francese, an analyst from Intesa Sanpaolo, maintained the Buy rating on First Capital S.p.A.. The associated price target is €30.40.
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Alberto Francese has given his Buy rating due to a combination of factors that highlight First Capital S.p.A.’s strong financial performance and growth potential. The company has shown a significant improvement in its net income, reaching EUR 7.2M in the first half of 2025, compared to a loss in the same period of the previous year. This was largely driven by positive trends in key portfolio companies and an increase in dividends and net fees.
Additionally, First Capital’s portfolio has increased in value, with strategic investments contributing to a total asset growth to EUR 114.5M. The company has also successfully capitalized on opportunities to monetize its investments, generating substantial cash inflows. Furthermore, the issuance of a EUR 25M senior unsecured bond at a favorable rate underscores investor confidence in the company’s stability and growth prospects. With a calculated NAV suggesting a significant upside and the potential for attractive shareholder returns, Francese’s recommendation reflects a positive outlook on First Capital’s future performance.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIC in relation to earlier this year.