OTCPK:IITS.F

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Proven track record with adequate 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

Stable Share Price: IITS.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.8%

IITS.F

0.8%

US Banks

4.0%

US Market


1 Year Return

-12.8%

IITS.F

-28.2%

US Banks

4.9%

US Market

Return vs Industry: IITS.F exceeded the US Banks industry which returned -28.2% over the past year.

Return vs Market: IITS.F underperformed the US Market which returned 5% over the past year.


Shareholder returns

IITS.FIndustryMarket
7 Day8.8%0.8%4.0%
30 Day-0.2%-12.3%1.3%
90 Day23.8%15.3%29.5%
1 Year-12.8%-12.8%-25.7%-28.2%7.2%4.9%
3 Year-38.3%-38.3%-18.1%-24.7%36.1%27.2%
5 Year-47.3%-47.3%8.8%-4.4%65.3%46.9%

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?

7.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IITS.F ($1.98) is trading above our estimate of fair value ($1.13)

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


Price To Earnings Ratio

PE vs Industry: IITS.F is good value based on its PE Ratio (7.1x) compared to the Banks industry average (9.4x).

PE vs Market: IITS.F is good value based on its PE Ratio (7.1x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: IITS.F is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: IITS.F is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Intesa Sanpaolo forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IITS.F's forecast earnings growth (4.5% per year) is above the savings rate (2.2%).

Earnings vs Market: IITS.F's earnings (4.5% per year) are forecast to grow slower than the US market (22.8% per year).

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

Revenue vs Market: IITS.F's revenue (0.8% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: IITS.F's revenue (0.8% 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 (6.4%).


Next Steps

Past Performance

How has Intesa Sanpaolo performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IITS.F has high quality earnings.

Growing Profit Margin: IITS.F's current net profit margins (26.4%) are higher than last year (25.3%).


Past Earnings Growth Analysis

Earnings Trend: IITS.F's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: IITS.F's earnings growth over the past year (11.1%) is below its 5-year average (14.3% per year).

Earnings vs Industry: IITS.F earnings growth over the past year (11.1%) exceeded the Banks industry 1.8%.


Return on Equity

High ROE: IITS.F's Return on Equity (7.4%) is considered low.


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

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

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

Low Risk Liabilities: 51% 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 (51%).

Low Risk Deposits: IITS.F's Loans to Deposits ratio (108%) is appropriate.

Level of Bad Loans: IITS.F has a high level of bad loans (7.6%).


Next Steps

Dividend

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

7.81%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IITS.F'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 IITS.F's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: IITS.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Carlo Messina (58yo)

6.83yrs

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: Carlo's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD11.50M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Carlo Messina
MD, CEO6.83yrs€3.57mno data
Stefano Del Punta
Group Chief Financial Officer7.17yrs€1.87mno data
Paola Angeletti
Chief Operating Officer0.50yrno datano data
Massimo Proverbio
Chief IT2.5yrsno datano data
Fabrizio Dabbene
Head of Administration & Tax Department and Manager5.08yrsno datano data
Andrea Tamagnini
Head of Investor Relationsno datano datano data
Elisabetta Lunati
Head of Legal Affairsno datano datano data
Piero Franco Boccassino
Chief Compliance Officer5yrsno datano data
Stefano Lucchini
Chief Institutional Affairs & External Communication Officer2.5yrsno datano data
Claudio Zazzeri
Head of Customer Satisfactionno datano datano data

5.0yrs

Average Tenure

58yo

Average Age

Experienced Management: IITS.F's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Carlo Messina
MD, CEO6.83yrs€3.57mno data
Mario Ciaccia
Head of Government & Infrastuctures and Institutional Relations13.5yrsno datano data
Gian Gros-Pietro
Chairman of the Board4.25yrs€900.00kno data
Bruno Picca
Director7.25yrs€1.62mno data
Franco Ceruti
Director4.25yrsno datano data
Paolo Colombo
Independent Deputy Chairperson4.25yrs€92.61kno data
Rossella Locatelli
Independent Director7.25yrs€168.00kno data
Livia Pomodoro
Independent Director4.25yrsno datano data
Daniele Zamboni
Independent Director4.25yrsno datano data
Alberto Pisani
Independent Director4.25yrsno datano data

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: IITS.F's board of directors are considered experienced (4.3 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

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:
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €30.540b
  • Listing Market Cap: €34.334b
  • Shares outstanding: 17.48b
  • Website: https://www.intesasanpaolo.com

Number of Employees


Location

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

Listings

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

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 Banking, and Insurance segments. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services. It also provides consumer credit, e-money, and payment systems; wealth management and private banking services. The company serves individuals, small and medium-sized businesses, non-profit entities, corporates and financial institutions, private clients and high net worth individuals, institutional counterparties, and other customers. As of December 31, 2019, it operated through a network of approximately 3,752 branches in Italy and 1,047 branches in Central Eastern Europe, and the Middle Eastern and North African areas. The company is headquartered in Turin, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 00:25
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.