OTCPK:IITS.F

Stock Analysis Report

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Market Cap

US$53.9b

Last Updated

2021/06/21 00:25 UTC

Data Sources

Company Financials +

Executive Summary

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. More Details


Snowflake Analysis

Adequate balance sheet second-rate dividend payer.


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

Stable Share Price: IITS.F is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IITS.F's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-4.2%

IITS.F

-7.6%

US Banks

-1.9%

US Market


1 Year Return

50.9%

IITS.F

50.6%

US Banks

38.2%

US Market

Return vs Industry: IITS.F matched the US Banks industry which returned 50.6% over the past year.

Return vs Market: IITS.F exceeded the US Market which returned 38.2% over the past year.


Shareholder returns

IITS.FIndustryMarket
7 Day-4.2%-7.6%-1.9%
30 Day-1.7%-9.2%1.0%
90 Day3.2%-1.4%3.8%
1 Year50.9%50.9%55.0%50.6%40.4%38.2%
3 Year-6.3%-6.3%21.2%10.8%57.5%47.8%
5 Year49.5%49.5%106.1%80.0%127.2%101.7%

Long-Term 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

No news available

Valuation

Is Intesa Sanpaolo undervalued compared to its fair value and its price relative to the market?

17.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IITS.F ($2.84) is trading above our estimate of fair value ($2.29)

Significantly Below Fair Value: IITS.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IITS.F is poor value based on its PE Ratio (17.5x) compared to the US Banks industry average (11.6x).

PE vs Market: IITS.F is good value based on its PE Ratio (17.5x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: IITS.F is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: IITS.F is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (1.1x).


Future Growth

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

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IITS.F's forecast earnings growth (12.7% per year) is above the savings rate (2%).

Earnings vs Market: IITS.F's earnings (12.7% per year) are forecast to grow slower than the US market (15.7% per year).

High Growth Earnings: IITS.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: IITS.F's revenue (2.3% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: IITS.F's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IITS.F's Return on Equity is forecast to be low in 3 years time (7.6%).


Past Performance

How has Intesa Sanpaolo performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IITS.F has a large one-off loss of €1.5B impacting its March 31 2021 financial results.

Growing Profit Margin: IITS.F's current net profit margins (16.2%) are lower than last year (26.3%).


Past Earnings Growth Analysis

Earnings Trend: IITS.F's earnings have grown by 2.4% per year over the past 5 years.

Accelerating Growth: IITS.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IITS.F had negative earnings growth (-40%) over the past year, making it difficult to compare to the Banks industry average (20.7%).


Return on Equity

High ROE: IITS.F's Return on Equity (3.9%) is considered low.


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

Asset Level: IITS.F's Assets to Equity ratio (15.2x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if IITS.F has a sufficient allowance for bad loans.

Low Risk Liabilities: 54% of IITS.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: IITS.F has an appropriate level of Loans to Assets ratio (49%).

Low Risk Deposits: IITS.F's Loans to Deposits ratio (97%) is appropriate.

Level of Bad Loans: Insufficient data to determine if IITS.F has an appropriate level of bad loans.


Dividend

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

1.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IITS.F's dividend (1.52%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: IITS.F's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

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

Growing Dividend: IITS.F's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.7%), IITS.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IITS.F's dividends in 3 years are forecast to be covered by earnings (67.6% payout ratio).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Carlo Messina (58 yo)

7.75yrs

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

Compensation vs Market: Insufficient data to establish whether Carlo's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Carlo's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IITS.F's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: IITS.F's board of directors are considered experienced (5.2 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 been diluted in the past year, with total shares outstanding growing by 10.9%.


Top Shareholders

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: IITS.F
  • Exchange: OTCPK
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €45.446b
  • Listing Market Cap: €53.878b
  • Shares outstanding: 19.39b
  • Website: https://www.intesasanpaolo.com

Number of Employees


Location

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

Listings


Biography

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asse...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/21 00:25
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
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.