Assicurazioni Generali S.p.A.

LSE:0K78 Stock Report

Market Cap: €41.3b

Assicurazioni Generali Valuation

Is 0K78 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 0K78 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0K78 (€26.96) is trading below our estimate of fair value (€32.73)

Significantly Below Fair Value: 0K78 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 0K78?

Key metric: As 0K78 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0K78. This is calculated by dividing 0K78's market cap by their current earnings.
What is 0K78's PE Ratio?
PE Ratio11.8x
Earnings€3.50b
Market Cap€41.30b

Price to Earnings Ratio vs Peers

How does 0K78's PE Ratio compare to its peers?

The above table shows the PE ratio for 0K78 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
AV. Aviva
10.2x4.2%UK£13.0b
PRU Prudential
24.5x28.4%UK£17.0b
LGEN Legal & General Group
45.6x28.0%UK£12.8b
601601 China Pacific Insurance (Group)
8x-5.4%CN¥308.8b
0K78 Assicurazioni Generali
11.8x8.1%€41.3b

Price-To-Earnings vs Peers: 0K78 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

How does 0K78's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0K78 11.8xIndustry Avg. 11.8xNo. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0K78 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0K78'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.

0K78 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: 0K78 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

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 0K78 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€26.96
€26.38
-2.2%
11.4%€31.10€21.00n/a19
Nov ’25€25.73
€25.82
+0.4%
11.5%€30.50€20.40n/a19
Oct ’25€25.83
€25.29
-2.1%
11.2%€31.50€20.40n/a19
Sep ’25€24.90
€24.21
-2.8%
8.5%€28.70€20.40n/a18
Aug ’25€23.37
€24.33
+4.1%
8.5%€28.70€20.40n/a18
Jul ’25€23.90
€24.22
+1.3%
8.8%€28.70€20.40n/a18
Jun ’25€23.60
€23.65
+0.2%
8.2%€27.00€20.40n/a18
May ’25€22.90
€22.93
+0.1%
7.7%€26.00€20.40n/a18
Apr ’25€23.46
€22.80
-2.8%
8.7%€26.00€18.60n/a18
Mar ’25€21.98
€21.69
-1.3%
7.7%€24.50€18.60n/a19
Feb ’25€20.64
€21.15
+2.5%
8.0%€24.40€18.00n/a19
Jan ’25€19.09
€20.83
+9.2%
8.0%€24.40€17.60n/a19
Dec ’24€18.96
€20.77
+9.6%
7.8%€24.40€17.60n/a19
Nov ’24€18.87
€20.87
+10.6%
8.9%€24.40€17.60€25.7319
Oct ’24€19.53
€20.87
+6.9%
8.9%€24.40€17.60€25.8319
Sep ’24€19.08
€20.16
+5.7%
8.4%€24.40€17.60€24.9019
Aug ’24€19.24
€19.91
+3.5%
7.4%€23.50€17.60€23.3719
Jul ’24€18.69
€19.63
+5.0%
8.2%€23.50€17.00€23.9020
Jun ’24€17.91
€19.47
+8.7%
8.6%€23.50€15.50€23.6021
May ’24€18.88
€19.47
+3.1%
8.6%€23.50€15.50€22.9021
Apr ’24€18.38
€19.49
+6.1%
8.4%€23.50€15.50€23.4621
Mar ’24€18.53
€18.78
+1.4%
8.5%€22.60€15.50€21.9821
Feb ’24€18.19
€18.55
+2.0%
9.6%€22.60€15.50€20.6421
Jan ’24€16.74
€18.43
+10.1%
9.7%€22.60€14.70€19.0921
Dec ’23€17.13
€18.23
+6.4%
9.1%€22.60€14.70€18.9621
Nov ’23€15.31
€17.61
+15.0%
12.2%€22.60€11.89€18.8722

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

Hiscox

UK£3.5b

Through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally.

HSX

UK£10.36

7D

-2.3%

1Y

3.1%

Münchener Rückversicherungs-Gesellschaft in München

€62.6b

Engages in the insurance and reinsurance businesses worldwide.

0KFE

€472.30

7D

-1.5%

1Y

24.0%

Powszechny Zaklad Ubezpieczen

zł35.5b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

0MYY

zł41.01

7D

-0.3%

1Y

n/a