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Italian (Borsa Italiana) Capital Markets Industry Analysis
UpdatedDec 18, 2024
DataAggregated Company Financials
Companies23
- 7D0.4%
- 3M9.1%
- 1Y19.6%
- YTD18.9%
In the last week, the Capital Markets industry is up 1.5%, with Azimut Holding up 3.0%. This means that the industry has gained 21% over the past year. Looking forward, earnings are forecast to decline by 3.6% per year.
Industry Valuation and Performance
Has the Italian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 18 Dec 2024 | €13.1b | €4.1b | €1.3b | 14.4x | 9.9x | 3.2x |
| Fri, 15 Nov 2024 | €12.7b | €3.9b | €1.3b | 13.3x | 9.7x | 3.2x |
| Sun, 13 Oct 2024 | €12.2b | €3.9b | €1.3b | 14.3x | 9.6x | 3.1x |
| Tue, 10 Sep 2024 | €11.9b | €3.9b | €1.3b | 16.9x | 9.3x | 3x |
| Thu, 08 Aug 2024 | €11.1b | €3.9b | €1.3b | 15.9x | 8.7x | 2.9x |
| Sat, 06 Jul 2024 | €11.6b | €3.8b | €1.1b | 17.7x | 10.2x | 3.1x |
| Mon, 03 Jun 2024 | €11.9b | €3.7b | €1.1b | 14.8x | 10.5x | 3.2x |
| Wed, 01 May 2024 | €11.6b | €3.6b | €1.1b | 12.8x | 10.9x | 3.2x |
| Fri, 29 Mar 2024 | €11.8b | €3.5b | €1.1b | 12.6x | 11.1x | 3.3x |
| Sun, 25 Feb 2024 | €11.6b | €3.7b | €981.7m | 12.5x | 11.8x | 3.1x |
| Tue, 23 Jan 2024 | €12.2b | €3.8b | €942.5m | 14.9x | 12.9x | 3.2x |
| Thu, 21 Dec 2023 | €11.7b | €3.8b | €942.5m | 14.5x | 12.4x | 3.1x |
| Sat, 18 Nov 2023 | €11.3b | €3.8b | €974.0m | 13.6x | 11.6x | 3x |
| Mon, 16 Oct 2023 | €10.9b | €3.8b | €985.8m | 12.6x | 11.1x | 2.9x |
| Wed, 13 Sep 2023 | €11.2b | €3.7b | €972.7m | 14x | 11.5x | 3x |
| Fri, 11 Aug 2023 | €11.1b | €3.7b | €974.5m | 13.5x | 11.4x | 3x |
| Sun, 09 Jul 2023 | €10.5b | €3.7b | €946.1m | 13.3x | 11.1x | 2.9x |
| Tue, 06 Jun 2023 | €10.4b | €3.7b | €947.9m | 13.4x | 11x | 2.8x |
| Thu, 04 May 2023 | €10.6b | €3.6b | €917.3m | 13.8x | 11.6x | 2.9x |
| Sat, 01 Apr 2023 | €10.5b | €3.4b | €916.7m | 14.3x | 11.4x | 3x |
| Mon, 27 Feb 2023 | €11.0b | €3.9b | €1.1b | 13.8x | 9.9x | 2.8x |
| Wed, 25 Jan 2023 | €11.4b | €4.0b | €1.1b | 13.4x | 10.1x | 2.9x |
| Fri, 23 Dec 2022 | €10.6b | €4.0b | €1.1b | 12.9x | 9.5x | 2.6x |
| Sun, 20 Nov 2022 | €10.6b | €4.0b | €1.0b | 14x | 10.3x | 2.6x |
| Tue, 18 Oct 2022 | €8.9b | €4.2b | €1.1b | 12x | 8x | 2.1x |
| Thu, 15 Sep 2022 | €9.5b | €4.2b | €1.1b | 11.5x | 8.4x | 2.3x |
| Sat, 13 Aug 2022 | €10.0b | €4.2b | €1.1b | 12.3x | 8.7x | 2.4x |
| Mon, 11 Jul 2022 | €9.6b | €4.2b | €1.2b | 12.2x | 8x | 2.3x |
| Wed, 08 Jun 2022 | €10.9b | €4.2b | €1.2b | 13.3x | 9.1x | 2.6x |
| Fri, 06 May 2022 | €11.0b | €4.1b | €1.3b | 12.1x | 8.5x | 2.7x |
| Sun, 03 Apr 2022 | €11.8b | €4.1b | €1.3b | 12.1x | 9x | 2.9x |
| Tue, 01 Mar 2022 | €11.5b | €4.0b | €1.2b | 12x | 9.8x | 2.9x |
| Thu, 27 Jan 2022 | €12.1b | €4.0b | €1.2b | 14.6x | 10.3x | 3x |
| Sat, 25 Dec 2021 | €12.7b | €4.0b | €1.2b | 12.5x | 10.8x | 3.2x |
Price to Earnings Ratio
10.8x
Current Industry PE
- Investors are relatively neutral on the Italian Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.5x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 3.9% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Italian Financials industry?
| IT Market | -0.40% | |
| Financials | 0.65% | |
| Capital Markets | 0.40% | |
| Investment Banking and Brokerage | 0.46% | |
| Asset Management | 0.40% | |
| Diversified Capital Markets | 0% | |
| Financial Exchanges and Data | -0.57% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 15.9x.
- Analysts are expecting annual earnings growth of 16.4%, which is lower than the prior year's growth of 263.1% per year.
- Investors are most pessimistic about the Asset Management industry, which is trading close to its 3-year average of 10.6x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 22% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Asset Management industry is expected to see its earnings decline by 4.3% 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 | |
|---|---|---|---|---|---|
| BGN Banca Generali | €45.20 | 0.4% +€22.8m | 34.4% | PE12.6x | |
| EQUI Equita Group | €4.06 | 1.2% +€2.5m | 13.7% | PE12.5x | |
| PRO Banca Profilo | €0.19 | 1.1% +€1.3m | -7.0% | PE14.5x | |
| ZEST Zest | €0.17 | 4.8% +€1.2m | n/a | PE8.4x | |
| SMCAP Smart Capital | €1.54 | 2.3% +€983.6k | n/a | PE23.4x |