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GENERALI (G.MI) Stock Fundamental Analysis

BIT:G - Borsa Italiana Milan - IT0000062072 - Common Stock - Currency: EUR

30.63  -0.27 (-0.87%)

Fundamental Rating

4

G gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 32 industry peers in the Insurance industry. G has a medium profitability rating, but doesn't score so well on its financial health evaluation. G has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

G had positive earnings in the past year.
G had a positive operating cash flow in the past year.
G had positive earnings in each of the past 5 years.
G had a positive operating cash flow in each of the past 5 years.
G.MI Yearly Net Income VS EBIT VS OCF VS FCFG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B

1.2 Ratios

Looking at the Return On Assets, with a value of 0.68%, G is doing worse than 70.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.18%, G is doing worse than 60.00% of the companies in the same industry.
G has a Return On Invested Capital (1.13%) which is comparable to the rest of the industry.
G had an Average Return On Invested Capital over the past 3 years of 0.93%. This is in line with the industry average of 2.08%.
The last Return On Invested Capital (1.13%) for G is above the 3 year average (0.93%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.68%
ROE 12.18%
ROIC 1.13%
ROA(3y)0.56%
ROA(5y)0.5%
ROE(3y)10.35%
ROE(5y)9.25%
ROIC(3y)0.93%
ROIC(5y)0.91%
G.MI Yearly ROA, ROE, ROICG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

G has a worse Profit Margin (6.35%) than 63.33% of its industry peers.
G's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 15.06%, G is doing good in the industry, outperforming 73.33% of the companies in the same industry.
G's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 15.06%
PM (TTM) 6.35%
GM N/A
OM growth 3Y21.62%
OM growth 5Y9.55%
PM growth 3Y49.33%
PM growth 5Y17.32%
GM growth 3YN/A
GM growth 5YN/A
G.MI Yearly Profit, Operating, Gross MarginsG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

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1

2. Health

2.1 Basic Checks

G has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
G has more shares outstanding than it did 1 year ago.
The number of shares outstanding for G has been increased compared to 5 years ago.
The debt/assets ratio for G has been reduced compared to a year ago.
G.MI Yearly Shares OutstandingG.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B
G.MI Yearly Total Debt VS Total AssetsG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 100B 200B 300B 400B 500B

2.2 Solvency

G has a debt to FCF ratio of 4.02. This is a neutral value as G would need 4.02 years to pay back of all of its debts.
With a Debt to FCF ratio value of 4.02, G perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
G has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.23, G is doing worse than 83.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 4.02
Altman-Z N/A
ROIC/WACC0.18
WACC6.15%
G.MI Yearly LT Debt VS Equity VS FCFG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
G.MI Yearly Current Assets VS Current LiabilitesG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

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4

3. Growth

3.1 Past

The earnings per share for G have decreased by -2.99% in the last year.
G shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.23% yearly.
G shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.34%.
The Revenue has been decreasing by -6.10% on average over the past years.
EPS 1Y (TTM)-2.99%
EPS 3Y20.68%
EPS 5Y10.23%
EPS Q2Q%36.59%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y-13.59%
Revenue growth 5Y-6.1%
Sales Q2Q%N/A

3.2 Future

G is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.34% yearly.
G is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.06% yearly.
EPS Next Y7.74%
EPS Next 2Y9.34%
EPS Next 3Y8.47%
EPS Next 5Y8.34%
Revenue Next Year17.03%
Revenue Next 2Y10.5%
Revenue Next 3Y8.23%
Revenue Next 5Y7.06%

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
G.MI Yearly Revenue VS EstimatesG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B 80B 100B
G.MI Yearly EPS VS EstimatesG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 13.49 indicates a correct valuation of G.
Compared to the rest of the industry, the Price/Earnings ratio of G indicates a slightly more expensive valuation: G is more expensive than 60.00% of the companies listed in the same industry.
G's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.47.
A Price/Forward Earnings ratio of 11.04 indicates a reasonable valuation of G.
G's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. G is more expensive than 70.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 92.74. G is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.49
Fwd PE 11.04
G.MI Price Earnings VS Forward Price EarningsG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

G's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. G is cheaper than 73.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.37
EV/EBITDA N/A
G.MI Per share dataG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.74
PEG (5Y)1.32
EPS Next 2Y9.34%
EPS Next 3Y8.47%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.21%, G is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.01, G is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.28, G pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.21%

5.2 History

The dividend of G is nicely growing with an annual growth rate of 7.52%!
Dividend Growth(5Y)7.52%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

G pays out 51.35% of its income as dividend. This is a bit on the high side, but may be sustainable.
G's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP51.35%
EPS Next 2Y9.34%
EPS Next 3Y8.47%
G.MI Yearly Income VS Free CF VS DividendG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B
G.MI Dividend Payout.G.MI Dividend Payout, showing the Payout Ratio.G.MI Dividend Payout.PayoutRetained Earnings

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GENERALI

BIT:G (2/5/2025, 10:31:00 AM)

30.63

-0.27 (-0.87%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-15 2024-11-15/bmo
Earnings (Next)N/A N/A
Inst Owners34.43%
Inst Owner ChangeN/A
Ins Owners15.9%
Ins Owner ChangeN/A
Market Cap48.07B
Analysts71.43
Price Target28.43 (-7.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.21%
Yearly Dividend1.15
Dividend Growth(5Y)7.52%
DP51.35%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.81%
Min EPS beat(2)-25.21%
Max EPS beat(2)13.6%
EPS beat(4)1
Avg EPS beat(4)-19.42%
Min EPS beat(4)-33.45%
Max EPS beat(4)13.6%
EPS beat(8)3
Avg EPS beat(8)-8.74%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.91%
PT rev (3m)8.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.95%
EPS NY rev (1m)-1.78%
EPS NY rev (3m)-1.78%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 13.49
Fwd PE 11.04
P/S 0.86
P/FCF 5.37
P/OCF 5.2
P/B 1.65
P/tB 2.78
EV/EBITDA N/A
EPS(TTM)2.27
EY7.41%
EPS(NY)2.77
Fwd EY9.06%
FCF(TTM)5.71
FCFY18.64%
OCF(TTM)5.89
OCFY19.22%
SpS35.67
BVpS18.61
TBVpS11
PEG (NY)1.74
PEG (5Y)1.32
Profitability
Industry RankSector Rank
ROA 0.68%
ROE 12.18%
ROCE 1.65%
ROIC 1.13%
ROICexc 1.15%
ROICexgc 1.2%
OM 15.06%
PM (TTM) 6.35%
GM N/A
FCFM 16%
ROA(3y)0.56%
ROA(5y)0.5%
ROE(3y)10.35%
ROE(5y)9.25%
ROIC(3y)0.93%
ROIC(5y)0.91%
ROICexc(3y)0.95%
ROICexc(5y)0.93%
ROICexgc(3y)0.99%
ROICexgc(5y)0.97%
ROCE(3y)1.36%
ROCE(5y)1.33%
ROICexcg growth 3Y7.44%
ROICexcg growth 5Y3.3%
ROICexc growth 3Y7.71%
ROICexc growth 5Y3.32%
OM growth 3Y21.62%
OM growth 5Y9.55%
PM growth 3Y49.33%
PM growth 5Y17.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 4.02
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.5%
Interest Coverage 4.96
Cash Conversion N/A
Profit Quality 251.94%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC6.15%
ROIC/WACC0.18
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)359.03%
Profit Quality(5y)581.46%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.99%
EPS 3Y20.68%
EPS 5Y10.23%
EPS Q2Q%36.59%
EPS Next Y7.74%
EPS Next 2Y9.34%
EPS Next 3Y8.47%
EPS Next 5Y8.34%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y-13.59%
Revenue growth 5Y-6.1%
Sales Q2Q%N/A
Revenue Next Year17.03%
Revenue Next 2Y10.5%
Revenue Next 3Y8.23%
Revenue Next 5Y7.06%
EBIT growth 1Y9.07%
EBIT growth 3Y5.1%
EBIT growth 5Y2.87%
EBIT Next Year1366.18%
EBIT Next 3Y153.17%
EBIT Next 5YN/A
FCF growth 1Y-48.84%
FCF growth 3Y-56.59%
FCF growth 5Y-36.14%
OCF growth 1Y-48.31%
OCF growth 3Y-55.26%
OCF growth 5Y-35.06%