FinecoBank Banca Fineco S.p.A.

BATS-CHIXE:FBKM Stock Report

Market Cap: €9.0b

FinecoBank Banca Fineco Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 FBKM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FBKM (€14.83) is trading below our estimate of fair value (€17.46)

Significantly Below Fair Value: FBKM 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 FBKM?

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

The above table shows the Price to Earnings ratio for FBKM. This is calculated by dividing FBKM's market cap by their current earnings.
What is FBKM's PE Ratio?
PE Ratio14x
Earnings€644.90m
Market Cap€9.03b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FBKM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.5x
HSBK Halyk Bank of Kazakhstan
3.3xn/aUS$5.2b
TCS TCS Group Holding
6.5xn/aUS$5.1b
STAN Standard Chartered
7.3x5.1%UK£23.3b
TBCG TBC Bank Group
4.9x16.8%UK£1.8b
FBKM FinecoBank Banca Fineco
14x-1.3%€9.0b

Price-To-Earnings vs Peers: FBKM is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (5.5x).

Price to Earnings Ratio vs Industry

How does FBKM's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies47PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FBKM is expensive based on its Price-To-Earnings Ratio (14x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is FBKM'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.

FBKM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FBKM's Price-To-Earnings Fair Ratio for valuation analysis.

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 FBKM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.83
€16.68
+12.5%
5.3%€18.00€14.80n/a14
Nov ’25€14.92
€16.57
+11.1%
7.2%€18.00€13.40n/a14
Oct ’25€15.39
€16.51
+7.3%
7.1%€17.70€13.40n/a14
Sep ’25€15.06
€16.51
+9.7%
7.1%€17.70€13.40n/a14
Aug ’25€15.14
€16.38
+8.2%
7.9%€17.70€13.40n/a14
Jul ’25€14.15
€15.50
+9.5%
9.1%€17.00€12.60n/a14
Jun ’25€14.81
€15.46
+4.4%
8.9%€17.00€12.60n/a14
May ’25n/a
€14.98
0%
8.2%€17.00€12.60n/a14
Apr ’25€13.98
€14.49
+3.6%
9.6%€17.00€12.20n/a14
Mar ’25n/a
€14.49
0%
9.6%€17.00€12.20n/a14
Feb ’25€13.27
€14.62
+10.2%
10.0%€17.00€12.20n/a14
Jan ’25€13.55
€14.38
+6.1%
11.3%€17.00€11.70n/a14
Dec ’24€12.24
€14.36
+17.3%
11.3%€17.00€11.70n/a14
Nov ’24€10.82
€14.88
+37.5%
11.3%€17.00€11.70€14.9214
Oct ’24n/a
€15.64
0%
8.9%€17.80€12.40€15.3914
Sep ’24€12.80
€15.83
+23.7%
9.3%€17.80€13.00€15.0615
Aug ’24€14.25
€15.73
+10.4%
10.1%€17.50€12.80€15.1415
Jul ’24€12.34
€16.03
+29.9%
9.5%€18.20€12.90€14.1515
Jun ’24€12.40
€16.21
+30.8%
7.4%€18.20€13.80€14.8115
May ’24€13.95
€17.48
+25.3%
8.7%€19.30€14.90n/a15
Apr ’24€13.88
€17.85
+28.6%
6.8%€19.30€14.90€13.9815
Mar ’24€16.17
€17.84
+10.4%
7.0%€19.30€14.90n/a14
Feb ’24€16.52
€17.18
+4.0%
4.6%€18.30€15.50€13.2713
Jan ’24€15.58
€16.75
+7.5%
5.2%€18.00€14.50€13.5513
Dec ’23€15.40
€16.63
+8.0%
4.7%€17.60€14.50€12.2413
Nov ’23€13.73
€15.56
+13.4%
6.0%€17.00€14.00€10.8213

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

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