Italian (Borsa Italiana) Capital Markets Industry Analysis
UpdatedJun 23, 2024
DataAggregated Company Financials
Companies21
- 7D0.9%
- 3M-2.5%
- 1Y17.5%
- YTD4.9%
Over the last 7 days, the Capital Markets industry has remained flat. The past year has been better, since the industry has gained 17% in that time. Earnings are forecast to grow by 1.7% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 23 Jun 2024 | €11.5b | €23.3b | €72.5m | 14.6x | 158.1x | 0.5x |
| Tue, 21 May 2024 | €12.0b | €3.7b | €1.1b | 14.6x | 10.6x | 3.2x |
| Thu, 18 Apr 2024 | €11.2b | €3.5b | €1.1b | 12.5x | 10.5x | 3.2x |
| Sat, 16 Mar 2024 | €11.4b | €3.5b | €1.0b | 12.6x | 11.1x | 3.3x |
| Mon, 12 Feb 2024 | €11.3b | €3.7b | €982.9m | 12.5x | 11.5x | 3x |
| Wed, 10 Jan 2024 | €11.9b | €3.8b | €942.5m | 14.9x | 12.6x | 3.1x |
| Fri, 08 Dec 2023 | €11.4b | €3.8b | €942.5m | 14.4x | 12.1x | 3x |
| Sun, 05 Nov 2023 | €10.9b | €3.8b | €985.8m | 12.9x | 11.1x | 2.9x |
| Tue, 03 Oct 2023 | €11.1b | €3.7b | €960.5m | 12.7x | 11.6x | 3x |
| Thu, 31 Aug 2023 | €11.2b | €3.7b | €974.5m | 13x | 11.5x | 3x |
| Sat, 29 Jul 2023 | €11.3b | €3.7b | €947.9m | 13.5x | 11.9x | 3.1x |
| Mon, 26 Jun 2023 | €10.5b | €3.7b | €946.1m | 13.6x | 11.1x | 2.8x |
| Wed, 24 May 2023 | €10.5b | €3.7b | €938.1m | 13.3x | 11.2x | 2.8x |
| Fri, 21 Apr 2023 | €10.7b | €3.6b | €917.3m | 13.9x | 11.6x | 2.9x |
| Sun, 19 Mar 2023 | €9.9b | €3.4b | €926.1m | 13.8x | 10.7x | 2.9x |
| Tue, 14 Feb 2023 | €11.4b | €3.9b | €1.1b | 14.1x | 10.3x | 2.9x |
| Thu, 12 Jan 2023 | €11.3b | €4.0b | €1.1b | 13.1x | 9.9x | 2.8x |
| Sat, 10 Dec 2022 | €10.7b | €4.0b | €1.0b | 13.8x | 10.4x | 2.6x |
| Mon, 07 Nov 2022 | €9.8b | €4.1b | €1.1b | 13.4x | 9.3x | 2.4x |
| Wed, 05 Oct 2022 | €9.2b | €4.2b | €1.1b | 12.3x | 8.3x | 2.2x |
| Fri, 02 Sep 2022 | €9.2b | €4.2b | €1.1b | 11.3x | 8x | 2.2x |
| Sun, 31 Jul 2022 | €9.8b | €4.2b | €1.2b | 12.3x | 8.4x | 2.3x |
| Tue, 28 Jun 2022 | €9.8b | €4.2b | €1.2b | 12x | 8.1x | 2.3x |
| Thu, 26 May 2022 | €10.9b | €4.2b | €1.2b | 12.2x | 9.1x | 2.6x |
| Sat, 23 Apr 2022 | €11.4b | €4.1b | €1.3b | 12.1x | 8.8x | 2.8x |
| Mon, 21 Mar 2022 | €11.4b | €4.1b | €1.3b | 13x | 8.8x | 2.8x |
| Wed, 16 Feb 2022 | €12.7b | €4.0b | €1.2b | 12.9x | 10.9x | 3.2x |
| Fri, 14 Jan 2022 | €13.3b | €4.0b | €1.2b | 14.6x | 11.2x | 3.3x |
| Sun, 12 Dec 2021 | €12.7b | €4.0b | €1.2b | 13.7x | 10.8x | 3.2x |
| Tue, 09 Nov 2021 | €13.7b | €3.9b | €1.1b | 14.8x | 12x | 3.5x |
| Thu, 07 Oct 2021 | €12.2b | €3.8b | €1.1b | 12.9x | 10.8x | 3.2x |
| Sat, 04 Sep 2021 | €12.4b | €3.8b | €1.1b | 14.3x | 11.3x | 3.3x |
| Mon, 02 Aug 2021 | €11.6b | €3.8b | €1.1b | 13.7x | 10.5x | 3.1x |
Price to Earnings Ratio
10.3x
Current Industry PE
- Investors are optimistic on the Italian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 158x which is higher than its 3-year average PE of 10.5x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 0.49x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 60% per year over the last three years.
- Meanwhile revenues for these companies have grown 84% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Italian Financials industry?
| IT Market | 1.95% | |
| Financials | 3.12% | |
| Capital Markets | 0.87% | |
| Asset Management | 0.92% | |
| Diversified Capital Markets | 0% | |
| Investment Banking and Brokerage | -0.085% | |
| Financial Exchanges and Data | -2.99% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 1.2%, which is lower than the prior year's growth of 51.2% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average of 13.5x.
Forecasted Growth
- Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Asset Management industry is expected to see its earnings growth to stay flat 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 | €37.62 | 1.9% +€79.8m | 23.1% | PE11.7x | |
| ANIM Anima Holding | €4.64 | 1.4% +€17.6m | 40.5% | PE8.5x | |
| AZM Azimut Holding | €22.55 | 0.3% +€9.7m | 16.9% | PE6.9x | |
| FARM H-FARM | €0.16 | 9.3% +€2.8m | -27.9% | PS1x | |
| EQUI Equita Group | €3.79 | 0.8% +€1.5m | 2.2% | PE12.3x |