BIT:ISP

Stock Analysis Report

Intesa Sanpaolo

Executive Summary

Intesa Sanpaolo S.p.A. provides various banking products and services.

Snowflake

Fundamentals

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Intesa Sanpaolo's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

BIT:ISP

0.7%

IT Banks

-0.4%

IT Market


1 Year Return

-13.8%

BIT:ISP

-19.2%

IT Banks

-3.0%

IT Market

ISP outperformed the Banks industry which returned -19.2% over the past year.

ISP underperformed the Market in Italy which returned -3% over the past year.


Share holder returns

ISPIndustryMarket
7 Day0.4%0.7%-0.4%
30 Day-8.2%-12.3%-7.2%
90 Day-13.3%-10.9%-4.6%
1 Year-5.2%-13.8%-14.7%-19.2%1.2%-3.0%
3 Year29.6%2.9%-17.1%-35.1%22.2%5.8%
5 Year15.7%-15.5%-34.9%-61.1%9.6%-34.8%

Price Volatility Vs. Market

How volatile is Intesa Sanpaolo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Intesa Sanpaolo undervalued based on future cash flows and its price relative to the stock market?

7.79x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Intesa Sanpaolo's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Intesa Sanpaolo's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Intesa Sanpaolo is overvalued based on earnings compared to the IT Banks industry average.

Intesa Sanpaolo is good value based on earnings compared to the Italy market.


Price Based on Expected Growth

Intesa Sanpaolo is poor value based on expected growth next year.


Price Based on Value of Assets

Intesa Sanpaolo is overvalued based on assets compared to the IT Banks industry average.


Next Steps

Future Growth

How is Intesa Sanpaolo expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Intesa Sanpaolo's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).

Intesa Sanpaolo's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

Intesa Sanpaolo's revenue growth is positive but not above the Italy market average.

Intesa Sanpaolo's earnings growth is positive but not above the Italy market average.

Intesa Sanpaolo's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Intesa Sanpaolo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Intesa Sanpaolo performed over the past 5 years?

37.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Intesa Sanpaolo has delivered over 20% year on year earnings growth in the past 5 years.

Intesa Sanpaolo's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Intesa Sanpaolo's 1-year earnings growth is negative, it can't be compared to the IT Banks industry average.


Return on Equity

Intesa Sanpaolo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Intesa Sanpaolo used its assets more efficiently than the IT Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Intesa Sanpaolo improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Intesa Sanpaolo's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Intesa Sanpaolo has an acceptable proportion of non-loan assets held.

Unable to establish if Intesa Sanpaolo has a sufficient allowance for bad loans without relevant financial data.

Intesa Sanpaolo's liabilities are made up of primarily higher risk sources of funding.

Intesa Sanpaolo's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Intesa Sanpaolo are broadly funded by customer deposits.

Intesa Sanpaolo has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Intesa Sanpaolo's current dividend yield, its reliability and sustainability?

9.22%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Intesa Sanpaolo's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.15%).

Intesa Sanpaolo's dividend is above the markets top 25% of dividend payers in Italy (4.57%).

Intesa Sanpaolo has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Intesa Sanpaolo only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

  • Explore strong dividend paying companies in the banks industry.

Management

What is the CEO of Intesa Sanpaolo's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average management tenure


CEO

Carlo Messina (57yo)

5.9yrs

Tenure

€3,573,000

Compensation

Mr. Carlo Messina is Managing Director and Chief Executive Officer of Intesa Sanpaolo SpA since September 2013 and serves as its General Manager. A graduate of Economics and Business from the Luiss Univers ...


CEO Compensation Analysis

Carlo's remuneration is higher than average for companies of similar size in Italy.

Carlo's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.2yrs

Average Tenure

57yo

Average Age

The tenure for the Intesa Sanpaolo management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

60yo

Average Age

The tenure for the Intesa Sanpaolo board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Carlo Messina (57yo)

    MD, CEO

    • Tenure: 5.9yrs
    • Compensation: 3.57m
  • Elisabetta Lunati

    Head of Legal Affairs

  • Andrea Tamagnini

    Head of Investor Relations

  • Fabrizio Dabbene

    Head of Administration & Tax Department and Manager

    • Tenure: 4.2yrs
  • Piero Franco Boccassino

    Chief Compliance Officer

    • Tenure: 4.2yrs
  • Massimo Proverbio (34yo)

    Chief IT

    • Tenure: 1.6yrs
  • Claudio Zazzeri

    Head of Customer Satisfaction

  • Rosario Giacomo Strano (56yo)

    Chief Operating Officer

    • Tenure: 1.6yrs
  • Stefano Lucchini (57yo)

    Chief Institutional Affairs & External Communication Officer

  • Stefano Del Punta (59yo)

    Group Chief Financial Officer

    • Tenure: 6.3yrs
    • Compensation: 1.87m

Board Members

  • Carlo Messina (57yo)

    MD, CEO

    • Tenure: 0.3yrs
    • Compensation: 3.57m
  • Paolo Colombo (59yo)

    Deputy Chairperson

    • Tenure: 3.3yrs
    • Compensation: 92.61k
  • Bruno Picca (69yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: 1.62m
  • Rossella Locatelli (59yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: 168.00k
  • Mario Ciaccia

    Head of Government & Infrastuctures and Institutional Relations

    • Tenure: 12.6yrs
  • Gian Gros-Pietro (77yo)

    Chairman of the Board

    • Tenure: 3.3yrs
    • Compensation: 900.00k
  • Franco Ceruti (67yo)

    Director

    • Tenure: 3.3yrs
  • Livia Pomodoro (79yo)

    Director

    • Tenure: 3.3yrs
  • Daniele Zamboni (60yo)

    Director

    • Tenure: 3.3yrs
  • Giovanni Gorno Tempini (57yo)

    Director

    • Tenure: 3.3yrs

Company Information

Intesa Sanpaolo S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Intesa Sanpaolo S.p.A.
  • Ticker: ISP
  • Exchange: BIT
  • Founded: 1925
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: €32.923b
  • Shares outstanding: 17.49b
  • Website: Click here

Number of Employees


Location

  • Intesa Sanpaolo S.p.A.
  • Piazza San Carlo, 156
  • Turin
  • Turin
  • 10121
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IESXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1990
IITS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1990
0HBCLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1990
ISPBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1990
ISP NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1990
ISPWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1990
IESDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1990
ISPMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1990
ISPSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1990
ISNP.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJan 2007
IITO.FOTCPK (Pink Sheets LLC)Saving SharesUSUSDJan 1990

Biography

Intesa Sanpaolo S.p.A. provides various banking products and services. It operates through Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Asset Management, Private B ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 20:41
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.