Italian (Borsa Italiana) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies50
- 7D3.2%
- 3M23.4%
- 1Y50.2%
- YTD33.1%
Over the last 7 days, the Financials industry has risen 3.2%, driven by gains from Intesa Sanpaolo of 4.7%. This takes the industry's 12 month performance to a gain of 50%. Earnings are forecast to be flat in the coming years.
Sector Valuation and Performance
Has the Italian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €279.4b | €164.5b | €34.2b | 9.1x | 8.2x | 1.7x |
| Tue, 16 Apr 2024 | €261.7b | €170.9b | €33.5b | 9.1x | 7.8x | 1.5x |
| Thu, 14 Mar 2024 | €252.5b | €175.6b | €33.2b | 9.5x | 7.6x | 1.4x |
| Sat, 10 Feb 2024 | €217.5b | €189.5b | €33.0b | 8.6x | 6.6x | 1.1x |
| Mon, 08 Jan 2024 | €225.2b | €230.2b | €32.1b | 9x | 7x | 1x |
| Wed, 06 Dec 2023 | €219.7b | €232.2b | €31.9b | 9x | 6.9x | 0.9x |
| Fri, 03 Nov 2023 | €209.6b | €229.1b | €29.5b | 9.1x | 7.1x | 0.9x |
| Sun, 01 Oct 2023 | €207.4b | €228.0b | €28.8b | 9.8x | 7.2x | 0.9x |
| Tue, 29 Aug 2023 | €208.0b | €228.1b | €28.8b | 9.7x | 7.2x | 0.9x |
| Thu, 27 Jul 2023 | €211.6b | €216.8b | €26.1b | 11.3x | 8.1x | 1x |
| Sat, 24 Jun 2023 | €196.3b | €216.8b | €26.1b | 11.1x | 7.5x | 0.9x |
| Mon, 22 May 2023 | €199.0b | €216.7b | €26.0b | 11.8x | 7.6x | 0.9x |
| Wed, 19 Apr 2023 | €205.6b | €212.4b | €22.5b | 12x | 9.1x | 1x |
| Fri, 17 Mar 2023 | €178.0b | €212.7b | €22.3b | 9.8x | 8x | 0.8x |
| Sun, 12 Feb 2023 | €196.9b | €212.1b | €22.2b | 10.4x | 8.9x | 0.9x |
| Tue, 10 Jan 2023 | €177.6b | €206.9b | €17.2b | 10.8x | 10.3x | 0.9x |
| Thu, 08 Dec 2022 | €168.3b | €207.0b | €17.1b | 10.9x | 9.9x | 0.8x |
| Sat, 05 Nov 2022 | €174.4b | €238.0b | €19.5b | 10.2x | 8.9x | 0.7x |
| Mon, 03 Oct 2022 | €153.6b | €237.5b | €18.9b | 8.9x | 8.1x | 0.6x |
| Wed, 31 Aug 2022 | €153.6b | €234.9b | €18.7b | 9.8x | 8.2x | 0.7x |
| Fri, 29 Jul 2022 | €152.9b | €247.8b | €16.3b | 10.3x | 9.4x | 0.6x |
| Sun, 26 Jun 2022 | €166.3b | €250.0b | €17.2b | 10.1x | 9.7x | 0.7x |
| Tue, 24 May 2022 | €179.3b | €250.2b | €17.3b | 10.6x | 10.3x | 0.7x |
| Thu, 21 Apr 2022 | €183.3b | €251.1b | €18.8b | 10.6x | 9.8x | 0.7x |
| Sat, 19 Mar 2022 | €185.2b | €345.8b | €17.1b | 10.5x | 10.8x | 0.5x |
| Mon, 14 Feb 2022 | €223.6b | €341.8b | €16.6b | 10.8x | 13.4x | 0.7x |
| Wed, 12 Jan 2022 | €212.4b | €342.0b | €13.2b | 11.9x | 16.1x | 0.6x |
| Fri, 10 Dec 2021 | €202.4b | €342.0b | €13.2b | 11.4x | 15.3x | 0.6x |
| Sun, 07 Nov 2021 | €213.3b | €340.1b | €12.6b | 11.9x | 16.9x | 0.6x |
| Tue, 05 Oct 2021 | €203.6b | €340.2b | €14.7b | 12x | 13.9x | 0.6x |
| Thu, 02 Sep 2021 | €199.9b | €340.2b | €14.7b | 11.7x | 13.6x | 0.6x |
| Sat, 31 Jul 2021 | €191.8b | €340.2b | €14.7b | 11.1x | 13.1x | 0.6x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are pessimistic on the Italian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.2x which is lower than its 3-year average PE of 10.0x.
- The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 47% per year over the last three years.
- Meanwhile revenues for these companies have declined 20% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Italian Financials sector?
| IT Market | 1.67% | |
| Financials | 3.23% | |
| Consumer Finance | 4.83% | |
| Banks | 3.85% | |
| Insurance | 2.19% | |
| Diversified Financial | 1.95% | |
| Capital Markets | 1.30% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 20.8x.
- Analysts are expecting annual earnings growth of 33.6%, which is lower than the prior year's growth of 47.5% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Banks industry is expected to see its earnings decline by 4.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ISP Intesa Sanpaolo | €3.77 | 4.7% +€3.1b | 56.0% | PB1x | |
| BPE BPER Banca | €5.29 | 11.6% +€779.8m | 96.1% | PB0.7x | |
| G Assicurazioni Generali | €24.88 | 2.0% +€745.1m | 30.9% | PE10.5x | |
| BAMI Banco BPM | €6.72 | 7.9% +€741.6m | 72.4% | PB0.7x | |
| BMPS Banca Monte dei Paschi di Siena | €5.29 | 11.8% +€705.4m | 147.3% | PB0.6x |