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CRG

Banca Carige. - Cassa di Risparmio di Genova e Imperia BIT:CRG Stock Report

Last Price

€0.79

Market Cap

€599.4m

7D

-0.3%

1Y

n/a

Updated

18 May, 2022

Data

Company Financials +
CRG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

CRG Stock Overview

Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia provides various banking products and services in Italy.

Rewards

Revenue is forecast to grow 73.12% per year

Earnings have grown 5.4% per year over the past 5 years

Risk Analysis

No risks detected for CRG from our risk checks.

Banca Carige. - Cassa di Risparmio di Genova e Imperia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Banca Carige. - Cassa di Risparmio di Genova e Imperia
Historical stock prices
Current Share Price€0.79
52 Week High€1.45
52 Week Low€0.59
Beta0.57
1 Month Change-0.25%
3 Month Change0.31%
1 Year Changen/a
3 Year Changen/a
5 Year Change-99.69%
Change since IPO-100.00%

Recent News & Updates

Shareholder Returns

CRGIT BanksIT Market
7D-0.3%2.9%1.4%
1Yn/a-8.8%-4.1%

Return vs Industry: Insufficient data to determine how CRG performed against the Italian Banks industry.

Return vs Market: Insufficient data to determine how CRG performed against the Italian Market.

Price Volatility

Is CRG's price volatile compared to industry and market?
CRG volatility
CRG Average Weekly Movement1.3%
Banks Industry Average Movement6.7%
Market Average Movement6.3%
10% most volatile stocks in IT Market8.8%
10% least volatile stocks in IT Market4.1%

Stable Share Price: CRG is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: CRG's weekly volatility has decreased from 12% to 1% over the past year.

About the Company

FoundedEmployeesCEOWebsite
19913,275Francesco Guidohttps://www.gruppocarige.it

Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia provides various banking products and services in Italy. Its products and services include current accounts, demand deposits, and term deposits; mortgage, personal, salary-backed, and other loans; credit cards; investments, leasing, and factoring services; payments and settlements, and asset custody/management services; insurance products; and internet and mobile banking services. The company serves households, small businesses, and small and medium sized companies.

Banca Carige. - Cassa di Risparmio di Genova e Imperia Fundamentals Summary

How do Banca Carige. - Cassa di Risparmio di Genova e Imperia's earnings and revenue compare to its market cap?
CRG fundamental statistics
Market Cap€599.45m
Earnings (TTM)-€92.73m
Revenue (TTM)€359.16m

0.5x

P/B Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRG income statement (TTM)
Revenue€359.16m
Cost of Revenue€0
Gross Profit€359.16m
Other Expenses€451.89m
Earnings-€92.73m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.12
Gross Margin100.00%
Net Profit Margin-25.82%
Debt/Equity Ratio547.2%

How did CRG perform over the long term?

See historical performance and comparison

Valuation

Is Banca Carige. - Cassa di Risparmio di Genova e Imperia undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


0.48x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CRG's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CRG's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: CRG is unprofitable, so we can't compare its PE Ratio to the Italian Banks industry average.

PE vs Market: CRG is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CRG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CRG's PB Ratio (0.5x) is in line with the IT Banks industry average.


Future Growth

How is Banca Carige. - Cassa di Risparmio di Genova e Imperia forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


73.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CRG's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if CRG's earnings are forecast to grow faster than the Italian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CRG's revenue (73.1% per year) is forecast to grow faster than the Italian market (0.1% per year).

High Growth Revenue: CRG's revenue (73.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CRG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Banca Carige. - Cassa di Risparmio di Genova e Imperia performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CRG is currently unprofitable.

Growing Profit Margin: CRG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CRG is unprofitable, but has reduced losses over the past 5 years at a rate of 5.4% per year.

Accelerating Growth: Unable to compare CRG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CRG is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (35.8%).


Return on Equity

High ROE: CRG has a negative Return on Equity (-7.3%), as it is currently unprofitable.


Financial Health

How is Banca Carige. - Cassa di Risparmio di Genova e Imperia's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CRG's Assets to Equity ratio (17.5x) is moderate.

Allowance for Bad Loans: CRG has a low allowance for bad loans (71%).

Low Risk Liabilities: 63% of CRG's liabilities are made up of primarily low risk sources of funding.

Loan Level: CRG has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: CRG's Loans to Deposits ratio (96%) is appropriate.

Level of Bad Loans: CRG has a high level of bad loans (3.9%).


Dividend

What is Banca Carige. - Cassa di Risparmio di Genova e Imperia current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CRG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CRG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CRG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CRG's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: CRG is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CRG's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

Francesco Guido (62 yo)

2.25yrs

Tenure

€385,699

Compensation

Mr. Francesco Guido had been General Manager of Banco di Napoli S.p.A. since June 30, 2015. He serves as Director of Banca Carige SpA - Cassa di Risparmio di Genova e Imperia since January 31, 2020 and ser...


Board Members

Experienced Board: CRG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia's employee growth, exchange listings and data sources


Key Information

  • Name: Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia
  • Ticker: CRG
  • Exchange: BIT
  • Founded: 1991
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: €599.450m
  • Shares outstanding: 760.72m
  • Website: https://www.gruppocarige.it

Number of Employees


Location

  • Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia
  • Via Cassa di Risparmio, 15
  • Genoa
  • Genoa
  • 16100
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.