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Societe Generale
(OTC:SCGLY)
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Rating:59Neutral
Price Target:
$14.50
▼(-16.71% Downside)
Action:Reiterated
Date:10/29/26
The score balances a strong, upbeat earnings call (record profitability, cost discipline, strong capital and contained credit risk) and attractive valuation (low P/E) against weaker recent financial statement quality (negative operating/free cash flow and sharply higher leverage) and bearish technicals (price below key moving averages with negative MACD).
Positive Factors
Profitability and cost discipline
Improved returns alongside a sub-60% cost-to-income ratio indicate stronger operating efficiency and earnings capacity. If sustained, this combination can support reinvestment, absorb moderate revenue volatility, and reinforce profitability across the banking group over coming quarters.
Negative Factors
Higher leverage and weak cash conversion
The sharp leverage increase and negative recent cash flow point to weaker financial flexibility despite reported profits. Greater balance-sheet sensitivity to funding and credit conditions could constrain capital allocation and make earnings less durable through a downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and cost discipline
Improved returns alongside a sub-60% cost-to-income ratio indicate stronger operating efficiency and earnings capacity. If sustained, this combination can support reinvestment, absorb moderate revenue volatility, and reinforce profitability across the banking group over coming quarters.
Read all positive factors
Societe Generale (SCGLY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$49.18B
Dividend Yield2.95%
Average Volume (3M)365.79K
Price to Earnings (P/E)8.0
Beta (1Y)1.09
Revenue Growth16.42%
EPS Growth29.45%
CountryUS
Employees110,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.50
Shares Outstanding3,696,321,000
10 Day Avg. Volume0
30 Day Avg. Volume365,794
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.86
Price to Sales (P/S)0.60
P/FCF Ratio-1.79
Enterprise Value/Market Cap5.93
Enterprise Value/Revenue4.50
Enterprise Value/Gross Profit5.85
Enterprise Value/Ebitda14.86
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.8
Revenue Forecast (FY)$31.37B
Societe Generale Business Overview & Revenue Model
Company Description
Société Générale S.A., a financial institution headquartered in Paris, France, provides a wide array of financial services to a varied client base. This includes individual customers, corporate entities, and large institutional investors, with its...
How the Company Makes Money
Société Générale primarily earns revenue through a mix of net interest income, fees and commissions, and trading/investment-related income across its main business lines. (1) Net interest income: The bank takes deposits and other funding, then len...
Societe Generale Earnings Call Summary
Earnings Call Date:Oct 29, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 04, 2027
Earnings Call Sentiment Positive
The call was strongly positive. Management reported record quarterly and nine-month net income, profitability above targets, revenue growth exceeding guidance, lower operating expenses over nine months, strong capital and liquidity, contained credit risk, and broad-based momentum in French Retail and GBIS. The main challenges were declines in Mobility and Financial Services, Ayvens used-car sales normalization, lower fixed income and currencies revenue, muted French volumes, competitive margin pressure in Czech Republic and Romania, and a modestly higher expected cost of funding. Highlights significantly outweighed lowlights.Positive Updates
Record Net Income and Strong Profitability
The group reported record net income for both Q3 2026 and the first nine months of 2026. Nine-month ROTE was 12.3%, up from 10.5% last year and significantly above the year-end target of around 11%. Q3 net income reached a record EUR 1.9 billion, with ROTE at 13% versus 10.7% in Q3 2025.
Negative Updates
Mobility and Financial Services Revenue Decline
Mobility and Financial Services revenue declined 4.3% at constant perimeter and exchange rates in Q3. Net income fell 8.6% to EUR 349 million, and RONE was 12.9%. The decline was driven by normalization of Ayvens used-car sales results.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Net Income and Strong Profitability
The group reported record net income for both Q3 2026 and the first nine months of 2026. Nine-month ROTE was 12.3%, up from 10.5% last year and significantly above the year-end target of around 11%. Q3 net income reached a record EUR 1.9 billion, with ROTE at 13% versus 10.7% in Q3 2025.
Read all positive updates
Company Guidance
Management said the 2026 ROTE target was “around 11%,” the cost-to-income target was “below 60%,” and the cost of risk remained within the “25 to 30 basis points guidance range”; 2026 used car sales results at Ayvens were targeted between EUR 200 and EUR 600 for the full year, MIBS had a “55% target” for cost-to-income and “40 to 45 basis points through-the-cycle cost of risk,” and BoursoBank was on track to exceed its “’26 target of more than EUR 300 million,” with long-term guidance of “above 45% RONE”; management also said it intends to operate at “slightly above practically 13%” with a “strategic objective to be at 13%,” ordinary distribution split “something between, let's say, 40 and 60,” and that “we will exceed our 2026 targets” and “reach our 2029 goals.”Societe Generale Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
41
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.85B | 86.16B | 97.64B | 87.14B | 53.99B | 46.12B |
| Gross Profit | 49.86B | 52.60B | 52.51B | 44.36B | 36.10B | 36.25B |
| EBITDA | 19.63B | 19.09B | 16.82B | 12.84B | 9.58B | 13.48B |
| Net Income | 7.93B | 5.77B | 4.20B | 2.49B | 1.82B | 5.64B |
Balance Sheet | ||||||
| Total Assets | 1.67T | 1.55T | 1.57T | 1.55T | 1.49T | 1.46T |
| Cash, Cash Equivalents and Short-Term Investments | 404.01B | 369.17B | 273.13B | 287.60B | 289.83B | 179.97B |
| Total Debt | 172.40B | 287.17B | 183.09B | 181.13B | 154.80B | 151.28B |
| Total Liabilities | 1.59T | 1.47T | 1.49T | 1.48T | 1.41T | 1.39T |
| Stockholders Equity | 71.64B | 60.36B | 70.26B | 65.97B | 66.97B | 65.10B |
Cash Flow | ||||||
| Free Cash Flow | -26.19B | -29.01B | -21.53B | 25.56B | 29.50B | 13.83B |
| Operating Cash Flow | -21.40B | -19.65B | -10.10B | 37.42B | 39.09B | 20.29B |
| Investing Cash Flow | 7.10B | -28.44B | -13.74B | -12.07B | -9.01B | -10.12B |
| Financing Cash Flow | -2.31B | -8.56B | -1.27B | -3.90B | -214.00M | -3.63B |
Societe Generale Technical Analysis
Negative
17.41
Price Trends
15.63
Negative
16.69
Negative
16.34
Negative
Market Momentum
-0.58
Negative
34.98
Neutral
52.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SCGLY, the sentiment is Negative. The current price of 17.41 is above the 20-day moving average (MA) of 14.10, above the 50-day MA of 15.63, and above the 200-day MA of 16.34, indicating a bearish trend. The MACD of -0.58 indicates Negative momentum. The RSI at 34.98 is Neutral, neither overbought nor oversold. The STOCH value of 52.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $105.46B | 16.95 | 15.93% | 0.85% | 0.06% | 1.65% | |
71 Outperform | $90.46B | 12.12 | 12.61% | 3.25% | 7.11% | 21.33% | |
68 Neutral | $58.47B | 12.41 | 8.14% | 4.26% | -4.97% | 4.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $61.41B | 6.10 | 16.16% | 6.10% | 6.60% | 29.61% | |
62 Neutral | $71.68B | 9.56 | 13.09% | 4.30% | 1.06% | 75.52% | |
59 Neutral | $49.18B | 8.03 | 11.25% | 2.95% | 16.42% | 29.45% |
* Financial Sector Average
SCGLY
Societe Generale
13.62
1.22
9.81%
TFC
Truist Financial
48.79
6.39
15.06%
IBN
Icici Bank
29.45
-0.81
-2.69%
LYG
Lloyds Banking
5.00
0.43
9.39%
PNC
PNC Financial
227.86
50.95
28.80%
NWG
NatWest Group
15.47
0.85
5.84%
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.