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BGN

Banca GeneraliBIT:BGN Stock Report

Market Cap

€4.1b

7D

-13.3%

1Y

28.1%

Updated

26 Nov, 2021

Data

Company Financials +
BGN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends4/6

BGN Stock Overview

Banca Generali S.p.A. distributes financial products and services for affluent and private customers through financial advisors primarily in Italy.

Banca Generali Competitors

Azimut Holding

BIT:AZM

€3.4b

Allianz

XTRA:ALV

€82.8b

BNP Paribas

ENXTPA:BNP

€68.5b

Intesa Sanpaolo

BIT:ISP

€41.8b

Price History & Performance

Summary of all time highs, changes and price drops for Banca Generali
Historical stock prices
Current Share Price€35.86
52 Week High€43.54
52 Week Low€25.34
Beta1.61
1 Month Change-11.78%
3 Month Change-3.68%
1 Year Change28.07%
3 Year Change83.99%
5 Year Change83.43%
Change since IPO298.00%

Recent News & Updates

Apr 29
Factors Income Investors Should Consider Before Adding Banca Generali S.p.A. (BIT:BGN) To Their Portfolio

Factors Income Investors Should Consider Before Adding Banca Generali S.p.A. (BIT:BGN) To Their Portfolio

Is Banca Generali S.p.A. ( BIT:BGN ) a good dividend stock? How can we tell? Dividend paying companies with growing...

Shareholder Returns

BGNIT Capital MarketsIT Market
7D-13.3%-8.2%-4.8%
1Y28.1%28.2%14.2%

Return vs Industry: BGN underperformed the Italian Capital Markets industry which returned 33% over the past year.

Return vs Market: BGN exceeded the Italian Market which returned 19.6% over the past year.

Price Volatility

Is BGN's price volatile compared to industry and market?
BGN volatility
BGN Average Weekly Movement3.2%
Capital Markets Industry Average Movement3.2%
Market Average Movement4.2%
10% most volatile stocks in IT Market7.1%
10% least volatile stocks in IT Market2.7%

Stable Share Price: BGN is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BGN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997991Gian Mossahttps://www.bancagenerali.com

Banca Generali S.p.A. distributes financial products and services for affluent and private customers through financial advisors primarily in Italy. It operates through Wealth Management CGU, Private Banking CGU, and Corporate Center CGU segments. The company offers asset management products, such as portfolio management, investment advisory and mutual fund management, and managed solutions consisting of funds/SICAVs and wrappers; banking products and services; insurance products; and trade finance services.

Banca Generali Fundamentals Summary

How do Banca Generali's earnings and revenue compare to its market cap?
BGN fundamental statistics
Market Cap€4.11b
Earnings (TTM)€350.00m
Revenue (TTM)€795.28m

11.7x

P/E Ratio

5.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGN income statement (TTM)
Revenue€795.28m
Cost of Revenue€1.42m
Gross Profit€793.86m
Expenses€443.85m
Earnings€350.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.05
Gross Margin99.82%
Net Profit Margin44.01%
Debt/Equity Ratio83.2%

How did BGN perform over the long term?

See historical performance and comparison

Dividends

9.2%

Current Dividend Yield

109%

Payout Ratio

Does BGN pay a reliable dividends?

See BGN dividend history and benchmarks
When do you need to buy BGN by to receive an upcoming dividend?
Banca Generali dividend dates
Ex Dividend DateFeb 21 2022
Dividend Pay DateFeb 23 2022
Days until Ex dividend86 days
Days until Dividend pay date88 days

Does BGN pay a reliable dividends?

See BGN dividend history and benchmarks

Valuation

Is Banca Generali undervalued compared to its fair value and its price relative to the market?

14.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BGN (€35.86) is trading below our estimate of fair value (€41.92)

Significantly Below Fair Value: BGN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BGN is good value based on its PE Ratio (11.7x) compared to the Italian Capital Markets industry average (13.6x).

PE vs Market: BGN is good value based on its PE Ratio (11.7x) compared to the Italian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: BGN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BGN is overvalued based on its PB Ratio (3.9x) compared to the IT Capital Markets industry average (1.4x).


Future Growth

How is Banca Generali forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BGN's earnings are forecast to decline over the next 3 years (-1.1% per year).

Earnings vs Market: BGN's earnings are forecast to decline over the next 3 years (-1.1% per year).

High Growth Earnings: BGN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BGN's revenue is expected to decline over the next 3 years (-2.9% per year).

High Growth Revenue: BGN's revenue is forecast to decline over the next 3 years (-2.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BGN's Return on Equity is forecast to be high in 3 years time (28%)


Past Performance

How has Banca Generali performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BGN has high quality earnings.

Growing Profit Margin: BGN's current net profit margins (44%) are higher than last year (43.5%).


Past Earnings Growth Analysis

Earnings Trend: BGN's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: BGN's earnings growth over the past year (28.7%) exceeds its 5-year average (15.3% per year).

Earnings vs Industry: BGN earnings growth over the past year (28.7%) underperformed the Capital Markets industry 35.8%.


Return on Equity

High ROE: BGN's Return on Equity (33.5%) is considered high.


Financial Health

How is Banca Generali'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

Asset Level: BGN's Assets to Equity ratio (14.9x) is moderate.

Allowance for Bad Loans: BGN has a low allowance for bad loans (60%).

Low Risk Liabilities: 86% of BGN's liabilities are made up of primarily low risk sources of funding.

Loan Level: BGN has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: BGN's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: BGN has an appropriate level of bad loans (0.4%).


Dividend

What is Banca Generali current dividend yield, its reliability and sustainability?

9.20%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 27 2021Ex Dividend DateFeb 21 2022Dividend Pay DateFeb 23 20222 days from Ex DividendBuy in the next 86 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BGN's dividend (9.2%) is higher than the bottom 25% of dividend payers in the Italian market (1.06%).

High Dividend: BGN's dividend (9.2%) is in the top 25% of dividend payers in the Italian market (3.72%)


Stability and Growth of Payments

Stable Dividend: BGN's dividend payments have been volatile in the past 10 years.

Growing Dividend: BGN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (108.5%), BGN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BGN's dividends in 3 years are forecast to be covered by earnings (74.7% payout ratio).


Next Steps

Management

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

9.6yrs

Average management tenure


CEO

Gian Mossa (47 yo)

5.58yrs

Tenure

€10,397

Compensation

Mr. Gian Maria Mossa has been the Chief Executive Officer of Banca Generali S.p.A. since March 2017. Mr. Mossa has been General Manager since March 23, 2017. Mr. Mossa served as General Manager of Banca Ge...


Leadership Team

Experienced Management: BGN's management team is seasoned and experienced (9.6 years average tenure).


Board Members

Experienced Board: BGN's board of directors are considered experienced (5.4 years average tenure).


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 Generali S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Banca Generali S.p.A.
  • Ticker: BGN
  • Exchange: BIT
  • Founded: 1997
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €4.111b
  • Shares outstanding: 114.63m
  • Website: https://www.bancagenerali.com

Number of Employees


Location

  • Banca Generali S.p.A.
  • Via Machiavelli 4
  • Trieste
  • Trieste
  • 34132
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 21:23
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.