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Italian (Borsa Italiana) Capital Markets Industry Analysis
UpdatedSep 14, 2024
DataAggregated Company Financials
Companies22
- 7D1.8%
- 3M4.1%
- 1Y13.4%
- YTD8.2%
Over the last 7 days, the Capital Markets industry has remained flat, although notably Anima Holding gained 3.7%. As for the the longer term, the industry is up 12% over the past 12 months. In the next few years, earnings are forecast to decline by 2.0% 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 |
|---|---|---|---|---|---|---|
| Sat, 14 Sep 2024 | €11.9b | €3.9b | €1.3b | 16.6x | 9.4x | 3x |
| Mon, 12 Aug 2024 | €11.1b | €3.9b | €1.3b | 15.2x | 8.7x | 2.8x |
| Wed, 10 Jul 2024 | €11.6b | €3.8b | €1.1b | 18.1x | 10.2x | 3.1x |
| Fri, 07 Jun 2024 | €12.0b | €3.8b | €1.1b | 14.8x | 10.6x | 3.2x |
| Sun, 05 May 2024 | €11.6b | €3.6b | €1.1b | 12.8x | 10.9x | 3.2x |
| Tue, 02 Apr 2024 | €11.8b | €3.5b | €1.1b | 12.6x | 11.1x | 3.3x |
| Thu, 29 Feb 2024 | €11.4b | €3.7b | €981.7m | 12.5x | 11.6x | 3.1x |
| Sat, 27 Jan 2024 | €12.3b | €3.8b | €942.5m | 14.9x | 13.1x | 3.2x |
| Mon, 25 Dec 2023 | €11.7b | €3.8b | €942.5m | 14.6x | 12.4x | 3.1x |
| Wed, 22 Nov 2023 | €11.3b | €3.8b | €977.9m | 13.4x | 11.5x | 2.9x |
| Fri, 20 Oct 2023 | €10.7b | €3.8b | €985.8m | 12.7x | 10.8x | 2.8x |
| Sun, 17 Sep 2023 | €11.2b | €3.7b | €964.4m | 14x | 11.7x | 3x |
| Tue, 15 Aug 2023 | €11.1b | €3.7b | €974.5m | 13.2x | 11.4x | 3x |
| Thu, 13 Jul 2023 | €10.7b | €3.7b | €947.9m | 13.3x | 11.3x | 2.9x |
| Sat, 10 Jun 2023 | €10.5b | €3.7b | €947.9m | 13.3x | 11.1x | 2.9x |
| Mon, 08 May 2023 | €10.7b | €3.6b | €917.3m | 13.9x | 11.7x | 2.9x |
| Wed, 05 Apr 2023 | €10.5b | €3.4b | €916.7m | 14.6x | 11.4x | 3x |
| Fri, 03 Mar 2023 | €11.2b | €3.9b | €1.1b | 13.7x | 10.1x | 2.8x |
| Sun, 29 Jan 2023 | €11.4b | €4.0b | €1.1b | 13.3x | 10.1x | 2.9x |
| Tue, 27 Dec 2022 | €10.7b | €4.0b | €1.1b | 13x | 9.6x | 2.7x |
| Thu, 24 Nov 2022 | €10.7b | €4.0b | €1.0b | 14x | 10.4x | 2.7x |
| Sat, 22 Oct 2022 | €9.2b | €4.2b | €1.1b | 12.6x | 8.3x | 2.2x |
| Mon, 19 Sep 2022 | €9.3b | €4.2b | €1.1b | 11.6x | 8.2x | 2.2x |
| Wed, 17 Aug 2022 | €10.0b | €4.2b | €1.1b | 12.2x | 8.8x | 2.4x |
| Fri, 15 Jul 2022 | €9.1b | €4.2b | €1.2b | 11.5x | 7.6x | 2.2x |
| Sun, 12 Jun 2022 | €9.8b | €4.2b | €1.2b | 12.3x | 8.2x | 2.4x |
| Tue, 10 May 2022 | €10.6b | €4.0b | €1.3b | 12.1x | 8.3x | 2.6x |
| Thu, 07 Apr 2022 | €11.3b | €4.1b | €1.3b | 11.4x | 8.6x | 2.8x |
| Sat, 05 Mar 2022 | €10.3b | €3.3b | €1.2b | 12x | 8.7x | 3.1x |
| Mon, 31 Jan 2022 | €12.2b | €4.0b | €1.2b | 14.5x | 10.3x | 3x |
| Wed, 29 Dec 2021 | €13.0b | €4.0b | €1.2b | 14.9x | 11x | 3.2x |
| Fri, 26 Nov 2021 | €12.7b | €4.0b | €1.2b | 13.6x | 10.8x | 3.2x |
| Sun, 24 Oct 2021 | €13.2b | €3.8b | €1.1b | 13.7x | 11.7x | 3.5x |
| Tue, 21 Sep 2021 | €12.3b | €3.8b | €1.1b | 14x | 11.1x | 3.3x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are pessimistic on the Italian Capital Markets 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 9.3x which is lower than its 3-year average PE of 10.6x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 4.9% 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 | 0.91% | |
| Financials | 1.32% | |
| Capital Markets | 1.75% | |
| Financial Exchanges and Data | 4.89% | |
| Asset Management | 1.80% | |
| Investment Banking and Brokerage | 0.45% | |
| Diversified Capital Markets | 0% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 29.3x.
- Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings decline of 22.4% per year.
- Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 10.8x.
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 decline by 2.6% 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 | |
|---|---|---|---|---|---|
| AZM Azimut Holding | €22.13 | 2.5% +€76.5m | 4.7% | PE5.9x | |
| BGN Banca Generali | €40.28 | 1.5% +€68.5m | 19.6% | PE11.8x | |
| ANIM Anima Holding | €5.24 | 4.3% +€62.5m | 36.8% | PE8x | |
| AUR NB Aurora SICAF-RAIF | €13.46 | 1.1% +€3.5m | 3.2% | PE7.7x | |
| EQUI Equita Group | €3.89 | 0.5% +€994.7k | 6.9% | PE12x |
