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Italian (Borsa Italiana) Banks Industry Analysis
UpdatedDec 08, 2024
DataAggregated Company Financials
Companies11
- 7D6.1%
- 3M7.2%
- 1Y47.4%
- YTD47.9%
Over the last 7 days, the Banks industry has risen 6.1%, driven by gains in UniCredit and Intesa Sanpaolo of 7.8% and 5.8%, respectively. This takes the industry's 12 month performance to a gain of 47%. Looking forward, earnings are forecast to decline by 3.5% per year.
Industry Valuation and Performance
Has the Italian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Dec 2024 | €184.4b | €70.8b | €28.6b | 6.3x | 6.4x | 2.6x |
| Tue, 05 Nov 2024 | €190.7b | €70.5b | €27.6b | 6.4x | 6.9x | 2.7x |
| Thu, 03 Oct 2024 | €176.9b | €69.9b | €27.1b | 5.9x | 6.5x | 2.5x |
| Sat, 31 Aug 2024 | €178.3b | €70.0b | €27.1b | 6.1x | 6.6x | 2.5x |
| Mon, 29 Jul 2024 | €179.9b | €69.2b | €26.5b | 6.2x | 6.8x | 2.6x |
| Wed, 26 Jun 2024 | €170.0b | €68.8b | €26.1b | 6x | 6.5x | 2.5x |
| Fri, 24 May 2024 | €176.8b | €68.7b | €26.1b | 6.3x | 6.8x | 2.6x |
| Sun, 21 Apr 2024 | €169.0b | €66.9b | €24.8b | 6.7x | 6.8x | 2.5x |
| Tue, 19 Mar 2024 | €160.4b | €67.6b | €24.8b | 6x | 6.5x | 2.4x |
| Thu, 15 Feb 2024 | €143.6b | €67.6b | €24.9b | 5.8x | 5.8x | 2.1x |
| Sat, 13 Jan 2024 | €134.1b | €65.6b | €22.1b | 5.9x | 6.1x | 2x |
| Mon, 11 Dec 2023 | €133.4b | €65.6b | €22.1b | 5.7x | 6x | 2x |
| Wed, 08 Nov 2023 | €126.4b | €64.1b | €20.7b | 6.5x | 6.1x | 2x |
| Fri, 06 Oct 2023 | €118.1b | €61.4b | €19.0b | 6.3x | 6.2x | 1.9x |
| Sun, 03 Sep 2023 | €122.3b | €61.6b | €19.0b | 5.8x | 6.4x | 2x |
| Tue, 01 Aug 2023 | €127.0b | €60.2b | €19.2b | 6.9x | 6.6x | 2.1x |
| Thu, 29 Jun 2023 | €113.4b | €57.5b | €17.9b | 6.3x | 6.4x | 2x |
| Sat, 27 May 2023 | €107.5b | €57.5b | €17.8b | 6x | 6x | 1.9x |
| Mon, 24 Apr 2023 | €118.3b | €53.3b | €14.5b | 7.5x | 8.2x | 2.2x |
| Wed, 22 Mar 2023 | €109.4b | €53.6b | €14.5b | 7.5x | 7.5x | 2x |
| Fri, 17 Feb 2023 | €122.4b | €53.0b | €14.5b | 8.3x | 8.4x | 2.3x |
| Sun, 15 Jan 2023 | €105.6b | €47.9b | €9.3b | 8.5x | 11.4x | 2.2x |
| Tue, 13 Dec 2022 | €94.8b | €47.9b | €9.3b | 7.7x | 10.3x | 2x |
| Thu, 10 Nov 2022 | €94.7b | €48.0b | €10.0b | 7.1x | 9.5x | 2x |
| Sat, 08 Oct 2022 | €78.5b | €47.1b | €9.3b | 6.2x | 8.5x | 1.7x |
| Mon, 05 Sep 2022 | €78.4b | €47.3b | €9.3b | 6.2x | 8.5x | 1.7x |
| Wed, 03 Aug 2022 | €78.8b | €45.0b | €7.6b | 6.5x | 10.3x | 1.8x |
| Fri, 01 Jul 2022 | €78.9b | €46.0b | €7.6b | 6.5x | 10.4x | 1.7x |
| Sun, 29 May 2022 | €92.5b | €46.3b | €7.6b | 8.6x | 12.1x | 2x |
| Tue, 26 Apr 2022 | €86.6b | €46.7b | €9.0b | 7.3x | 9.6x | 1.9x |
| Thu, 24 Mar 2022 | €88.8b | €46.6b | €8.9b | 7.2x | 9.9x | 1.9x |
| Sat, 19 Feb 2022 | €118.5b | €46.9b | €8.8b | 8.1x | 13.4x | 2.5x |
| Mon, 17 Jan 2022 | €112.3b | €47.9b | €5.5b | 9.1x | 20.5x | 2.3x |
| Wed, 15 Dec 2021 | €104.1b | €47.9b | €5.5b | 9x | 19x | 2.2x |
Price to Earnings Ratio
19x
Current Industry PE
- Investors are pessimistic on the Italian Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 6.4x which is lower than its 3-year average PE of 8.5x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 74% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Financials industry?
| IT Market | 3.24% | |
| Financials | 5.05% | |
| Banks | 6.05% | |
| Diversified Banks | 6.05% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 8.5x.
- Analysts are expecting annual earnings decline of 3.5%, which is lower than the prior year's growth of 15.0% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 8.5x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 3.5% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 15% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 3.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UCG UniCredit | €39.21 | 7.8% +€4.4b | 55.0% | PB0.9x | |
| ISP Intesa Sanpaolo | €3.84 | 5.8% +€3.7b | 42.2% | PB1x | |
| FBK FinecoBank Banca Fineco | €16.59 | 9.2% +€855.3m | 28.3% | PB4.3x | |
| BAMI Banco BPM | €7.51 | 4.2% +€459.4m | 50.5% | PB0.8x | |
| BPSO Banca Popolare di Sondrio | €8.01 | 11.3% +€364.3m | 40.8% | PB0.9x |