Amundi S.A.

XTRA:ANI Stock Report

Market Cap: €13.6b

Amundi Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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.

Discounted Cash Flow
Simply Wall St
€79.81
Fair Value
16.8% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: ANI (€66.4) is trading below our estimate of fair value (€79.81)

Significantly Below Fair Value: ANI is trading below fair value, but not by a significant amount.

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 Ratio10.8x
Earnings€1.25b
Market Cap€13.59b

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 Average12.9x
DWS DWS Group GmbH KGaA
15.5x12.9%€8.6b
MLP MLP
11.7x7.8%€743.6m
DBAN Deutsche Beteiligungs
9.1x35.3%€427.7m
O4B OVB Holding
15.3x3.5%€282.2m
ANI Amundi
10.8x3.8%€13.6b

Price-To-Earnings vs Peers: ANI is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HXCK Ernst Russ
3.9x-19.3%US$214.11m
SPT6 Sparta
2.6xn/aUS$175.76m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
ANI 10.8xIndustry Avg. 18.9xNo. of Companies8PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ANI is good value based on its Price-To-Earnings Ratio (10.8x) compared to the German Capital Markets industry average (18.9x).

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 Ratio10.8x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: ANI is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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€66.40
€77.28
+16.4%
7.2%€89.90€69.00n/a16
Jan ’26€63.55
€77.99
+22.7%
7.0%€89.90€69.00n/a16
Dec ’25€61.50
€77.99
+26.8%
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€61.00€63.5517
Dec ’24€56.50
€71.04
+25.7%
9.9%€89.90€61.00€61.5017
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
Analyst Price Target
Consensus Narrative from 16 Analysts
€77.34
Fair Value
14.1% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/29 17:32
End of Day Share Price 2025/01/29 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Amundi S.A. is covered by 27 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jesús Gómez DominguezBanco Santander
Aurelia Sarah FaureBanco Santander
Michael SandersonBarclays