Amundi S.A.

XTRA:ANI Stock Report

Market Cap: €12.2b

Amundi Valuation

Is ANI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ANI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ANI (€64.1) is trading below our estimate of fair value (€80.69)

Significantly Below Fair Value: ANI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ANI?

Key metric: As ANI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ANI. This is calculated by dividing ANI's market cap by their current earnings.
What is ANI's PE Ratio?
PE Ratio9.7x
Earnings€1.25b
Market Cap€12.23b

Price to Earnings Ratio vs Peers

How does ANI's PE Ratio compare to its peers?

The above table shows the PE ratio for ANI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.6x
DWS DWS Group GmbH KGaA
13x12.7%€7.8b
MLP MLP
9.9x8.3%€640.5m
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€389.6m
O4B OVB Holding
15.3x3.5%€283.6m
ANI Amundi
9.7x4.3%€12.2b

Price-To-Earnings vs Peers: ANI is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does ANI's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/aUS$411.59m
HXCK Ernst Russ
3.7x-18.2%US$208.06m
VG8 Varengold Bank
1.9xn/aUS$25.70m
XE8 Black Sea Property
0.7xn/aUS$7.79m
No more companies available in this PE range
ANI 9.7xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ANI is good value based on its Price-To-Earnings Ratio (9.7x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is ANI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ANI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio16.2x

Price-To-Earnings vs Fair Ratio: ANI is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ANI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€64.10
€77.99
+21.7%
7.0%€89.90€69.00n/a16
Nov ’25€67.50
€79.23
+17.4%
5.7%€89.90€71.00n/a16
Oct ’25€66.80
€78.51
+17.5%
5.3%€89.90€71.00n/a16
Sep ’25€67.90
€78.32
+15.3%
5.3%€89.90€71.00n/a16
Aug ’25€67.20
€78.26
+16.5%
5.3%€89.90€71.00n/a16
Jul ’25€61.90
€77.11
+24.6%
6.3%€89.90€70.00n/a16
Jun ’25€70.80
€77.11
+8.9%
6.3%€89.90€70.00n/a16
May ’25€65.75
€75.55
+14.9%
7.1%€89.90€68.00n/a16
Apr ’25€63.85
€74.20
+16.2%
7.5%€89.90€68.00n/a16
Mar ’25€60.70
€74.01
+21.9%
7.3%€89.90€68.00n/a17
Feb ’25€62.35
€74.03
+18.7%
7.3%€89.90€68.00n/a17
Jan ’25€61.75
€71.63
+16.0%
10.2%€89.90€61.00n/a17
Dec ’24€56.50
€71.04
+25.7%
9.9%€89.90€61.00n/a17
Nov ’24€49.48
€70.04
+41.6%
9.8%€89.90€61.00€67.5016
Oct ’24€53.35
€72.01
+35.0%
8.1%€89.90€65.00€66.8016
Sep ’24€53.60
€71.59
+33.6%
8.4%€89.90€63.00€67.9017
Aug ’24€57.20
€71.89
+25.7%
8.4%€89.90€63.00€67.2017
Jul ’24€53.60
€72.25
+34.8%
8.3%€89.90€64.00€61.9017
Jun ’24€53.00
€72.25
+36.3%
8.3%€89.90€64.00€70.8017
May ’24€59.40
€72.15
+21.5%
8.7%€89.90€62.00€65.7517
Apr ’24€58.05
€72.01
+24.0%
8.8%€89.90€62.00€63.8517
Mar ’24€62.45
€72.01
+15.3%
8.8%€89.90€62.00€60.7017
Feb ’24€60.75
€68.28
+12.4%
10.9%€89.90€59.00€62.3517
Jan ’24€53.15
€64.42
+21.2%
7.2%€78.00€59.00€61.7516
Dec ’23€54.20
€65.06
+20.0%
12.8%€89.90€51.00€56.5016
Nov ’23€47.60
€64.92
+36.4%
12.9%€89.90€51.00€49.4816

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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