Mediobanca Banca di Credito Finanziario S.p.A.

LSE:0HBF Stock Report

Market Cap: €11.5b

Mediobanca Banca di Credito Finanziario Valuation

Is 0HBF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 0HBF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0HBF (€13.98) is trading below our estimate of fair value (€20.03)

Significantly Below Fair Value: 0HBF is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0HBF?

Key metric: As 0HBF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0HBF. This is calculated by dividing 0HBF's market cap by their current earnings.
What is 0HBF's PE Ratio?
PE Ratio9.2x
Earnings€1.25b
Market Cap€11.55b

Price to Earnings Ratio vs Peers

How does 0HBF's PE Ratio compare to its peers?

The above table shows the PE ratio for 0HBF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.1x
STAN Standard Chartered
7.5x5.2%UK£23.6b
HSBK Halyk Bank of Kazakhstan
3.3xn/aUS$5.1b
TCS TCS Group Holding
6.5xn/aUS$5.1b
NWG NatWest Group
7.2x0.3%UK£32.0b
0HBF Mediobanca Banca di Credito Finanziario
9.2x4.0%€11.5b

Price-To-Earnings vs Peers: 0HBF is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (6.1x).

Price to Earnings Ratio vs Industry

How does 0HBF's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0HBF 9.2xIndustry Avg. 7.3xNo. of Companies45PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0HBF is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the European Banks industry average (7.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0HBF'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.

0HBF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio5.6x

Price-To-Earnings vs Fair Ratio: 0HBF is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (5.6x).

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 0HBF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.98
€15.86
+13.5%
6.0%€17.80€14.60n/a14
Nov ’25€15.30
€15.98
+4.5%
6.3%€18.20€14.30n/a14
Oct ’25€15.16
€15.50
+2.2%
10.5%€18.20€11.10n/a14
Sep ’25€15.25
€15.46
+1.4%
10.6%€18.20€11.10n/a14
Aug ’25€14.36
€15.12
+5.3%
11.2%€18.20€11.10n/a14
Jul ’25€14.07
€14.80
+5.2%
11.1%€18.20€11.10n/a14
Jun ’25€14.52
€14.69
+1.2%
10.3%€16.90€10.90n/a14
May ’25€13.45
€14.00
+4.1%
10.2%€16.40€10.90n/a14
Apr ’25€13.81
€13.22
-4.3%
11.7%€16.40€9.90n/a14
Mar ’25€12.63
€12.91
+2.2%
9.6%€14.70€9.90n/a13
Feb ’25€12.14
€12.79
+5.3%
9.0%€14.70€9.90n/a13
Jan ’25€11.19
€12.67
+13.2%
8.8%€14.70€9.90n/a13
Dec ’24€10.80
€12.76
+18.1%
8.9%€14.70€9.90n/a13
Nov ’24€11.27
€12.80
+13.6%
9.0%€14.70€9.90€15.3013
Oct ’24€12.55
€12.92
+2.9%
7.5%€14.70€11.30€15.1613
Sep ’24€12.16
€12.71
+4.5%
7.6%€14.70€11.30€15.2513
Aug ’24€11.97
€12.42
+3.8%
8.4%€14.70€10.10€14.3613
Jul ’24€10.96
€11.81
+7.7%
9.3%€14.30€10.10€14.0713
Jun ’24€10.49
€11.61
+10.7%
9.4%€14.30€10.10€14.5212
May ’24€9.83
€11.17
+13.7%
8.3%€13.00€9.80€13.4512
Apr ’24€9.30
€11.07
+19.0%
9.3%€13.00€9.50€13.8112
Mar ’24€9.97
€11.16
+11.9%
8.4%€13.00€9.80€12.6312
Feb ’24€9.95
€10.83
+8.9%
8.7%€12.00€9.30€12.1412
Jan ’24€9.07
€10.60
+16.9%
9.7%€12.00€9.00€11.1911
Dec ’23€9.16
€10.60
+15.7%
9.7%€12.00€9.00€10.8011
Nov ’23€9.11
€10.48
+15.0%
10.1%€12.00€9.00€11.2711

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

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