FINECOBANK S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.2 EUR | +1.50% |
|
+0.42% | +4.53% |
| Apr. 17 | Futures down; Powell confirms "hold" approach | AN |
| Apr. 16 | Widespread red in Europe, Mib also bad | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,494 | 8,158 | 9,412 | 9,467 | 8,294 | 8,675 | - | - |
| Enterprise Value (EV) 1 | 6,494 | 8,158 | 9,412 | 9,467 | 8,294 | 8,675 | 8,675 | 8,675 |
| P/E ratio | 22.6 x | 25.3 x | 24.9 x | 22.5 x | - | 14.9 x | 15 x | 14.7 x |
| Yield | 2.99% | 3.96% | 2.53% | 3.16% | - | 4.97% | 5.09% | 5.19% |
| Capitalization / Revenue | 9.92 x | 10.5 x | 11.7 x | 9.99 x | 6.7 x | 7.02 x | 7.08 x | 6.92 x |
| EV / Revenue | 9.92 x | 10.5 x | 11.7 x | 9.99 x | 6.7 x | 7.02 x | 7.08 x | 6.92 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 4.7 x | 4.84 x | 5.45 x | 4.96 x | - | 4.07 x | 3.87 x | 3.59 x |
| Nbr of stocks (in thousands) | 607,530 | 608,801 | 609,777 | 609,983 | 610,540 | 610,918 | - | - |
| Reference price 2 | 10.69 | 13.40 | 15.44 | 15.52 | 13.58 | 14.20 | 14.20 | 14.20 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/9/22 | 2/7/23 | 2/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 654.8 | 774.4 | 803.8 | 947.6 | 1,238 | 1,235 | 1,226 | 1,254 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 405.2 | 504.8 | 544.9 | 667.2 | 939.3 | 910.6 | 896.9 | 912.3 |
| Operating Margin | 61.88% | 65.19% | 67.79% | 70.41% | 75.9% | 73.71% | 73.17% | 72.76% |
| Earnings before Tax (EBT) 1 | 383.5 | 461.1 | 494.4 | 604.4 | 872.2 | 856 | 855.4 | 865.4 |
| Net income 1 | 288.4 | 323.6 | 380.7 | 428.5 | 609.1 | 591.4 | 591.9 | 606.6 |
| Net margin | 44.04% | 41.79% | 47.36% | 45.22% | 49.22% | 47.88% | 48.29% | 48.38% |
| EPS 2 | 0.4730 | 0.5300 | 0.6200 | 0.6900 | - | 0.9508 | 0.9468 | 0.9629 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3200 | 0.5300 | 0.3900 | 0.4900 | - | 0.7064 | 0.7228 | 0.7375 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/9/22 | 2/7/23 | 2/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 405.8 | - | 422.2 | 193.5 | 206.9 | 255.4 | 208.6 | 464 | 219.7 | 263.9 | 293.7 | 307 | 600.7 | 316 | 320.9 | 319.8 | 311 | 308.9 | 313.8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 273.6 | - | 277.4 | 132 | 135.5 | 186.4 | 141.6 | 328 | 152 | 187 | 220.3 | 235.9 | 456.2 | 244.7 | 238.4 | 238.5 | - | - | - |
| Operating Margin | 67.42% | - | 65.7% | 68.24% | 65.49% | 72.98% | 67.86% | 70.69% | 69.19% | 70.86% | 75.01% | 76.84% | 75.94% | 77.44% | 74.29% | 74.58% | - | - | - |
| Earnings before Tax (EBT) 1 | 258.5 | 202.6 | 262.9 | 100.9 | 130.6 | 174.8 | 138.7 | 313.5 | 109.6 | 181.2 | 209.6 | 231.9 | 441.5 | 205.5 | 225.2 | 196.2 | 230.5 | 230.6 | 220.7 |
| Net income 1 | 180.2 | - | 216.7 | 72.59 | 91.5 | 123.5 | 98.9 | 222.4 | 80 | 126.1 | 147.3 | 161.6 | 308.9 | 145.3 | 154.9 | 134 | - | - | - |
| Net margin | 44.41% | - | 51.33% | 37.52% | 44.22% | 48.36% | 47.41% | 47.92% | 36.41% | 47.78% | 50.15% | 52.64% | 51.42% | 45.98% | 48.27% | 41.9% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | 0.4900 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/31/20 | 2/9/21 | 8/3/21 | 11/9/21 | 2/9/22 | 5/10/22 | 8/2/22 | 8/2/22 | 11/8/22 | 2/7/23 | 5/9/23 | 8/1/23 | 8/1/23 | 11/7/23 | 2/7/24 | - | - | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 24.5% | 21.1% | 22% | 23.6% | - | 27.7% | 25.9% | 25% |
| ROA (Net income/ Total Assets) | - | - | 1.16% | 1.22% | - | 1.75% | 1.7% | 1.69% |
| Assets 1 | - | - | 32,810 | 35,069 | - | 33,854 | 34,857 | 35,956 |
| Book Value Per Share 2 | 2.270 | 2.770 | 2.830 | 3.130 | - | 3.490 | 3.670 | 3.950 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/11/20 | 2/9/21 | 2/9/22 | 2/7/23 | 2/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
14.2
EUR
Average target price
14.76
EUR
Spread / Average Target
+3.92%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +4.53% | 9.26B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| -11.67% | 138B | |
| +0.10% | 139B |
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