View ValuationCredito Emiliano 향후 성장Future 기준 점검 1/6Credito Emiliano (는) 각각 연간 2.5% 및 4.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 4.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 10.7% 로 예상됩니다.핵심 정보2.5%이익 성장률4.42%EPS 성장률Banks 이익 성장8.4%매출 성장률4.1%향후 자기자본이익률10.72%애널리스트 커버리지Good마지막 업데이트17 Jul 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 21Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Mar 19Credito Emiliano S.p.A. announces Annual dividend, payable on May 20, 2026Credito Emiliano S.p.A. announced Annual dividend of EUR 0.7500 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.공고 • Jan 08+ 4 more updatesCredito Emiliano S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026Credito Emiliano S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026Board Change • Dec 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Mar 21Credito Emiliano S.p.A., Annual General Meeting, Apr 30, 2025Credito Emiliano S.p.A., Annual General Meeting, Apr 30, 2025, at 17:00 W. Europe Standard Time.공고 • Mar 18Credito Emiliano S.p.A. announces Annual dividend, payable on May 21, 2025Credito Emiliano S.p.A. announced Annual dividend of EUR 0.7500 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.공고 • Jan 07+ 4 more updatesCredito Emiliano S.p.A. to Report Nine Months, 2025 Results on Nov 06, 2025Credito Emiliano S.p.A. announced that they will report nine months, 2025 results on Nov 06, 2025Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €461.4m (up 3.3% from 3Q 2023). Net income: €162.1m (up 16% from 3Q 2023). Profit margin: 35% (up from 31% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%.Upcoming Dividend • Oct 07Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 14 October 2024. Payment date: 16 October 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%).Reported Earnings • Aug 08Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €497.6m (up 7.1% from 2Q 2023). Net income: €162.9m (flat on 2Q 2023). Profit margin: 33% (down from 35% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%.Reported Earnings • May 08First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €512.0m (up 11% from 1Q 2023). Net income: €160.9m (up 19% from 1Q 2023). Profit margin: 31% (up from 29% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.New Risk • Mar 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.7% increase in shares outstanding).Reported Earnings • Feb 12Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.82b (up 31% from FY 2022). Net income: €562.1m (up 77% from FY 2022). Profit margin: 31% (up from 23% in FY 2022). The increase in margin was driven by higher revenue. Cost-to-income ratio: 44.0% (down from 54.5% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Banks industry in Europe.공고 • Jan 11+ 5 more updatesCredito Emiliano S.p.A., Annual General Meeting, Apr 24, 2024Credito Emiliano S.p.A., Annual General Meeting, Apr 24, 2024. Agenda: To Approval of individual and Consolidated financial statements as at December 31, 2023.Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.41. Revenue: €446.9m (up 35% from 3Q 2022). Net income: €140.3m (up 110% from 3Q 2022). Profit margin: 31% (up from 20% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 09Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €1.00b (up 213% from 2Q 2022). Net income: €163.9m (up 108% from 2Q 2022). Profit margin: 16% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.7%.Upcoming Dividend • May 08Upcoming dividend of €0.33 per share at 4.7% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%).Valuation Update With 7 Day Price Move • Mar 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €6.57, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.36 per share.Reported Earnings • Feb 09Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.39b (up 7.6% from FY 2021). Net income: €317.0m (down 10% from FY 2021). Profit margin: 23% (down from 27% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Europe.Buying Opportunity • Jan 20Now 21% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be €8.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.공고 • Jan 10+ 5 more updatesCredito Emiliano S.p.A., Annual General Meeting, Apr 27, 2023Credito Emiliano S.p.A., Annual General Meeting, Apr 27, 2023. Agenda: to consider approval of individual and consolidated financial statements as at 31 December 2022.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 11Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €320.6m (up 2.0% from 2Q 2021). Net income: €78.8m (up 5.9% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.4%, compared to a 16% growth forecast for the industry in Germany.Upcoming Dividend • May 09Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 16 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.7%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Banks industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.60 per share.Reported Earnings • Feb 09Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €1.29b (up 21% from FY 2020). Net income: €352.4m (up 75% from FY 2020). Profit margin: 27% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 1.0%, compared to a 12% growth forecast for the banks industry in Germany.공고 • Dec 15ViViBanca SpA acquired a 55% stake in L'istituto Finanziario Veneto Romagnolo con sigla I.FI.VE.R. S.p.A. from Credito Emiliano S.p.A. (BIT:CE).ViViBanca SpA acquired a 55% stake in L'istituto Finanziario Veneto Romagnolo con sigla I.FI.VE.R. S.p.A. from Credito Emiliano S.p.A. (BIT:CE) on December 13, 2021. Massimiliano Elia of Pavia e Ansaldo acted as a legal advisor to ViViBanca SpA. Antonio Bondesani, and Ilaria Vecchiarino of Ls Lexjus Sinacta Roma acted as a legal advisor, KPMG Advisory S.p.A. acted as a financial advisor to Credito Emiliano S.p.A.. ViViBanca SpA completed the acquisition of a 55% stake in L'istituto Finanziario Veneto Romagnolo con sigla I.FI.VE.R. S.p.A. from Credito Emiliano S.p.A. (BIT:CE) on December 13, 2021.Reported Earnings • Aug 09Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €322.9m (up 36% from 2Q 2020). Net income: €74.4m (up 100% from 2Q 2020). Profit margin: 23% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • May 10First quarter 2021 earnings released: EPS €0.19 (vs €0.12 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €217.5m (down 19% from 1Q 2020). Net income: €62.0m (up 52% from 1Q 2020). Profit margin: 28% (up from 15% in 1Q 2020). The increase in margin was driven by lower expenses.Upcoming Dividend • May 10Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.7%).Reported Earnings • Feb 10Full year 2020 earnings releasedThe company reported a soft full year result with weaker revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: €1.07b (down 4.3% from FY 2019). Net income: €201.6m (flat on FY 2019). Profit margin: 19% (in line with FY 2019). Cost-to-income ratio: 58.7% (down from 61.9% in FY 2019). Non-performing loans: 2.99% (down from 3.84% in FY 2019).Is New 90 Day High Low • Feb 10New 90-day high: €4.81The company is up 15% from its price of €4.18 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.66 per share.공고 • Jan 19Credito Emiliano S.p.A., Annual General Meeting, Apr 29, 2021Credito Emiliano S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To consider the approval of individual and consolidated financial statements as at 31 December 2020.Is New 90 Day High Low • Nov 19New 90-day high: €4.41The company is up 3.0% from its price of €4.29 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.98 per share.Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 10%, compared to a 20% growth forecast for the Banks industry in Germany.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.18The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €297.4m (up 3.4% from 3Q 2019). Net income: €61.2m (up 8.8% from 3Q 2019). Profit margin: 21% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Nov 12Market bids up stock over the past weekAfter last week's 17% share price gain to €4.15, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 11x in the Banks industry in Europe. Total return to shareholders over the past year is a loss of 22%.Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectationsRevenue exceeded analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 9.9%, compared to a 18% growth forecast for the Banks industry in Germany.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS €0.18The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €297.4m (up 3.4% from 3Q 2019). Net income: €61.2m (up 8.8% from 3Q 2019). Profit margin: 21% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue.Is New 90 Day High Low • Oct 29New 90-day low: €3.50The company is down 20% from its price of €4.35 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.06 per share.Is New 90 Day High Low • Oct 08New 90-day low: €3.84The company is down 10.0% from its price of €4.27 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.38 per share.Is New 90 Day High Low • Sep 23New 90-day low: €4.05The company is down 5.0% from its price of €4.28 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.47 per share.이익 및 매출 성장 예측DB:EAO - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,105577N/AN/A512/31/20272,031545N/AN/A512/31/20261,963521N/AN/A53/31/20261,830532N/AN/AN/A12/31/20251,800621-2,628-2,526N/A9/30/20251,834641N/AN/AN/A6/30/20251,851668-2,048-1,956N/A3/31/20251,879688N/AN/AN/A12/31/20241,937620-1,906-1,823N/A9/30/20241,907609N/AN/AN/A6/30/20241,892587-366-244N/A3/31/20241,873588N/AN/AN/A12/31/20231,8235623,0753,188N/A9/30/20231,760539N/AN/AN/A6/30/20231,6424684,4104,526N/A3/31/20231,491381N/AN/AN/A12/31/20221,3823263,2333,336N/A9/30/20221,357303N/AN/AN/A6/30/20221,31837390245N/A3/31/20221,319370N/AN/AN/A12/31/20211,290352-5136N/A9/30/20211,201338N/AN/AN/A6/30/20211,20126053130N/A3/31/20211,124223N/AN/AN/A12/31/20201,067202086N/A9/30/20201,066183N/AN/AN/A6/30/20201,063178576N/A3/31/20201,107197N/AN/AN/A12/31/20191,114201N/A135N/A9/30/20191,089193N/AN/AN/A6/30/20191,066193N/A118N/A3/31/20191,043177N/AN/AN/A12/31/20181,061187N/A130N/A9/30/20181,059191N/AN/AN/A6/30/20181,039180N/A-1,909N/A3/31/20181,053192N/AN/AN/A12/31/20171,028186N/A-1,889N/A9/30/20171,051175N/AN/AN/A6/30/20171,041163N/A-709N/A3/31/20171,009134N/AN/AN/A12/31/20161,002132N/A-2,580N/A9/30/2016963119N/AN/AN/A6/30/2016947117N/A-2,879N/A3/31/2016924129N/AN/AN/A12/31/2015983166N/A-1,034N/A9/30/2015969174N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: EAO 의 연간 예상 수익 증가율(2.5%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: EAO 의 연간 수익(2.5%)이 German 시장(15.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: EAO 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: EAO 의 수익(연간 4.1%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: EAO 의 수익(연간 4.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: EAO의 자본 수익률은 3년 후 10.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/31 09:19종가2026/07/31 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Credito Emiliano S.p.A.는 15명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Irene RossettoBanca Akros S.p.A. (ESN)Paola SabbioneBarclaysEoin MullanyBerenberg12명의 분석가 더 보기
Board Change • May 21Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Mar 19Credito Emiliano S.p.A. announces Annual dividend, payable on May 20, 2026Credito Emiliano S.p.A. announced Annual dividend of EUR 0.7500 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
공고 • Jan 08+ 4 more updatesCredito Emiliano S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026Credito Emiliano S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026
Board Change • Dec 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Mar 21Credito Emiliano S.p.A., Annual General Meeting, Apr 30, 2025Credito Emiliano S.p.A., Annual General Meeting, Apr 30, 2025, at 17:00 W. Europe Standard Time.
공고 • Mar 18Credito Emiliano S.p.A. announces Annual dividend, payable on May 21, 2025Credito Emiliano S.p.A. announced Annual dividend of EUR 0.7500 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
공고 • Jan 07+ 4 more updatesCredito Emiliano S.p.A. to Report Nine Months, 2025 Results on Nov 06, 2025Credito Emiliano S.p.A. announced that they will report nine months, 2025 results on Nov 06, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €461.4m (up 3.3% from 3Q 2023). Net income: €162.1m (up 16% from 3Q 2023). Profit margin: 35% (up from 31% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%.
Upcoming Dividend • Oct 07Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 14 October 2024. Payment date: 16 October 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%).
Reported Earnings • Aug 08Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €497.6m (up 7.1% from 2Q 2023). Net income: €162.9m (flat on 2Q 2023). Profit margin: 33% (down from 35% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%.
Reported Earnings • May 08First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €512.0m (up 11% from 1Q 2023). Net income: €160.9m (up 19% from 1Q 2023). Profit margin: 31% (up from 29% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.7% increase in shares outstanding).
Reported Earnings • Feb 12Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.82b (up 31% from FY 2022). Net income: €562.1m (up 77% from FY 2022). Profit margin: 31% (up from 23% in FY 2022). The increase in margin was driven by higher revenue. Cost-to-income ratio: 44.0% (down from 54.5% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Banks industry in Europe.
공고 • Jan 11+ 5 more updatesCredito Emiliano S.p.A., Annual General Meeting, Apr 24, 2024Credito Emiliano S.p.A., Annual General Meeting, Apr 24, 2024. Agenda: To Approval of individual and Consolidated financial statements as at December 31, 2023.
Reported Earnings • Nov 10Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.41. Revenue: €446.9m (up 35% from 3Q 2022). Net income: €140.3m (up 110% from 3Q 2022). Profit margin: 31% (up from 20% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 09Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €1.00b (up 213% from 2Q 2022). Net income: €163.9m (up 108% from 2Q 2022). Profit margin: 16% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.7%.
Upcoming Dividend • May 08Upcoming dividend of €0.33 per share at 4.7% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%).
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €6.57, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.36 per share.
Reported Earnings • Feb 09Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.39b (up 7.6% from FY 2021). Net income: €317.0m (down 10% from FY 2021). Profit margin: 23% (down from 27% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Europe.
Buying Opportunity • Jan 20Now 21% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be €8.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.
공고 • Jan 10+ 5 more updatesCredito Emiliano S.p.A., Annual General Meeting, Apr 27, 2023Credito Emiliano S.p.A., Annual General Meeting, Apr 27, 2023. Agenda: to consider approval of individual and consolidated financial statements as at 31 December 2022.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 11Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €320.6m (up 2.0% from 2Q 2021). Net income: €78.8m (up 5.9% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.4%, compared to a 16% growth forecast for the industry in Germany.
Upcoming Dividend • May 09Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 16 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.7%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Elisabetta Gualandri was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Banks industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.60 per share.
Reported Earnings • Feb 09Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €1.29b (up 21% from FY 2020). Net income: €352.4m (up 75% from FY 2020). Profit margin: 27% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 1.0%, compared to a 12% growth forecast for the banks industry in Germany.
공고 • Dec 15ViViBanca SpA acquired a 55% stake in L'istituto Finanziario Veneto Romagnolo con sigla I.FI.VE.R. S.p.A. from Credito Emiliano S.p.A. (BIT:CE).ViViBanca SpA acquired a 55% stake in L'istituto Finanziario Veneto Romagnolo con sigla I.FI.VE.R. S.p.A. from Credito Emiliano S.p.A. (BIT:CE) on December 13, 2021. Massimiliano Elia of Pavia e Ansaldo acted as a legal advisor to ViViBanca SpA. Antonio Bondesani, and Ilaria Vecchiarino of Ls Lexjus Sinacta Roma acted as a legal advisor, KPMG Advisory S.p.A. acted as a financial advisor to Credito Emiliano S.p.A.. ViViBanca SpA completed the acquisition of a 55% stake in L'istituto Finanziario Veneto Romagnolo con sigla I.FI.VE.R. S.p.A. from Credito Emiliano S.p.A. (BIT:CE) on December 13, 2021.
Reported Earnings • Aug 09Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €322.9m (up 36% from 2Q 2020). Net income: €74.4m (up 100% from 2Q 2020). Profit margin: 23% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • May 10First quarter 2021 earnings released: EPS €0.19 (vs €0.12 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €217.5m (down 19% from 1Q 2020). Net income: €62.0m (up 52% from 1Q 2020). Profit margin: 28% (up from 15% in 1Q 2020). The increase in margin was driven by lower expenses.
Upcoming Dividend • May 10Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.7%).
Reported Earnings • Feb 10Full year 2020 earnings releasedThe company reported a soft full year result with weaker revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: €1.07b (down 4.3% from FY 2019). Net income: €201.6m (flat on FY 2019). Profit margin: 19% (in line with FY 2019). Cost-to-income ratio: 58.7% (down from 61.9% in FY 2019). Non-performing loans: 2.99% (down from 3.84% in FY 2019).
Is New 90 Day High Low • Feb 10New 90-day high: €4.81The company is up 15% from its price of €4.18 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.66 per share.
공고 • Jan 19Credito Emiliano S.p.A., Annual General Meeting, Apr 29, 2021Credito Emiliano S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To consider the approval of individual and consolidated financial statements as at 31 December 2020.
Is New 90 Day High Low • Nov 19New 90-day high: €4.41The company is up 3.0% from its price of €4.29 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.98 per share.
Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 10%, compared to a 20% growth forecast for the Banks industry in Germany.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.18The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €297.4m (up 3.4% from 3Q 2019). Net income: €61.2m (up 8.8% from 3Q 2019). Profit margin: 21% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Nov 12Market bids up stock over the past weekAfter last week's 17% share price gain to €4.15, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 11x in the Banks industry in Europe. Total return to shareholders over the past year is a loss of 22%.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectationsRevenue exceeded analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 9.9%, compared to a 18% growth forecast for the Banks industry in Germany.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS €0.18The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €297.4m (up 3.4% from 3Q 2019). Net income: €61.2m (up 8.8% from 3Q 2019). Profit margin: 21% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue.
Is New 90 Day High Low • Oct 29New 90-day low: €3.50The company is down 20% from its price of €4.35 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.06 per share.
Is New 90 Day High Low • Oct 08New 90-day low: €3.84The company is down 10.0% from its price of €4.27 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.38 per share.
Is New 90 Day High Low • Sep 23New 90-day low: €4.05The company is down 5.0% from its price of €4.28 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.47 per share.