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Banca Generali SpA
(BGN)
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Rating:73Outperform
Price Target:
€73.00
▲(10.61% Upside)
Action:Reiterated
Date:09/24/26
The score is driven primarily by strong financial performance (revenue momentum, high profitability, improved leverage) and very attractive valuation (low P/E and solid dividend yield). These positives are tempered by only neutral technical conditions (slightly negative MACD) and a history of cash-flow volatility.
Positive Factors
Accelerating revenue
Strong revenue acceleration across 2023–2025 indicates expanding business activity and sustained client or asset-related demand. Continued top-line growth can support reinvestment, advisor-network productivity, and operating leverage, strengthening Banca Generali’s earnings base over the next several quarters.
Negative Factors
Margin compression
The decline in net margin from prior peaks shows that strong revenue growth has not translated fully into preserved profitability. If compression continues, it could limit earnings conversion, reduce operating leverage, and weaken the durability of returns even while the business expands.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue
Strong revenue acceleration across 2023–2025 indicates expanding business activity and sustained client or asset-related demand. Continued top-line growth can support reinvestment, advisor-network productivity, and operating leverage, strengthening Banca Generali’s earnings base over the next several quarters.
Read all positive factors
Banca Generali SpA (BGN) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€7.51B
Dividend Yield4.33%
Average Volume (3M)208.96K
Price to Earnings (P/E)4.0
Beta (1Y)0.95
Revenue Growth17.02%
EPS Growth33.89%
CountryIT
Employees1,308
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)16.29
Shares Outstanding116,851,640
10 Day Avg. Volume228,805
30 Day Avg. Volume208,960
Financial Highlights & Ratios
PEG Ratio4.25
Price to Book (P/B)4.45
Price to Sales (P/S)3.95
P/FCF Ratio13.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€75.75Price Target Upside14.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.86
Revenue Forecast (FY)€1.11B
Banca Generali SpA Business Overview & Revenue Model
Company Description
Banca Generali S.p.A., founded in 1997 and headquartered in Trieste, Italy, focuses on providing a wide array of financial products and services. The firm primarily caters to affluent and high-net-worth clients within Italy, distributing its offer...
How the Company Makes Money
Banca Generali primarily makes money by charging fees tied to client wealth and investment activity, complemented by banking income. Key revenue streams typically include: (1) Net fee and commission income: recurring management and advisory fees b...
Banca Generali SpA Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.08B | 1.65B | 1.30B | 1.05B | 764.90M | 816.01M |
| Gross Profit | 6.29B | 1.65B | 1.14B | 919.41M | 742.66M | 807.13M |
| EBITDA | 2.77B | 575.20M | 569.77M | 483.65M | 359.05M | 428.40M |
| Net Income | 1.90B | 445.80M | 431.23M | 326.14M | 213.03M | 323.10M |
Balance Sheet | ||||||
| Total Assets | 18.84B | 18.46B | 16.82B | 15.52B | 17.27B | 16.19B |
| Cash, Cash Equivalents and Short-Term Investments | 394.53M | 854.60M | 1.30B | 618.97M | 986.75M | 1.83B |
| Total Debt | 1.88B | 2.11B | 449.30M | 1.93B | 2.40B | 381.85M |
| Total Liabilities | 17.43B | 16.98B | 15.36B | 14.30B | 16.20B | 15.09B |
| Stockholders Equity | 1.41B | 1.47B | 1.46B | 1.21B | 1.07B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 496.82M | 418.88M | 286.72M | -611.97M | 1.16B |
| Operating Cash Flow | 0.00 | 498.58M | 421.81M | 314.29M | -592.13M | 1.17B |
| Investing Cash Flow | 0.00 | -2.01B | -27.73M | -27.47M | -20.50M | 93.36M |
| Financing Cash Flow | 0.00 | 868.14M | -213.24M | -1.94B | -233.46M | -311.38M |
Banca Generali SpA Technical Analysis
Neutral
66.00
Price Trends
65.95
Negative
63.10
Positive
57.85
Positive
Market Momentum
-0.30
Positive
40.37
Neutral
61.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BGN, the sentiment is Neutral. The current price of 66 is above the 20-day moving average (MA) of 65.68, above the 50-day MA of 65.95, and above the 200-day MA of 57.85, indicating a neutral trend. The MACD of -0.30 indicates Positive momentum. The RSI at 40.37 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:BGN.
Banca Generali SpA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €13.74B | 20.41 | 26.70% | 3.52% | 5.03% | 2.95% | |
79 Outperform | €7.16B | 12.70 | 12.18% | 3.56% | -1.80% | -15.66% | |
76 Outperform | €17.23B | 13.29 | 28.80% | 5.31% | -33.50% | 14.56% | |
75 Outperform | €23.09B | 19.44 | 10.73% | 4.24% | 4.12% | 50.03% | |
73 Outperform | €7.51B | 4.04 | 128.43% | 4.33% | 17.02% | 33.89% | |
62 Neutral | €118.87B | 11.98 | 16.04% | 5.61% | -5.74% | 8.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IT:BGN
Banca Generali SpA
63.85
19.59
44.26%
IT:CE
Credito Emiliano SPA Credem
21.06
8.34
65.62%
IT:FBK
FinecoBank SpA
21.90
4.35
24.82%
IT:ISP
Intesa Sanpaolo SpA
6.72
1.64
32.26%
IT:MB
Mediobanca Banca di Credito Finanziario S.p.A.
28.63
10.88
61.30%
IT:BMED
Banca Mediolanum SpA
23.23
7.63
48.88%
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.