GENERALFINANCE SPA (GF.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:GF • IT0005144784

24.8 EUR
+0.1 (+0.4%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

Taking everything into account, GF scores 7 out of 10 in our fundamental rating. GF was compared to 59 industry peers in the Financial Services industry. GF has an excellent profitability rating, but there are some minor concerns on its financial health. GF is evaluated to be cheap and growing strongly. This does not happen too often!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year GF was profitable.
  • GF had a positive operating cash flow in the past year.
  • GF had positive earnings in each of the past 5 years.
  • In multiple years GF reported negative operating cash flow during the last 5 years.
GF.MI Yearly Net Income VS EBIT VS OCF VS FCFGF.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

1.2 Ratios

  • The Return On Assets of GF (4.89%) is better than 77.97% of its industry peers.
  • GF's Return On Equity of 44.30% is amongst the best of the industry. GF outperforms 91.53% of its industry peers.
  • With a decent Return On Invested Capital value of 5.01%, GF is doing good in the industry, outperforming 67.80% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for GF is significantly below the industry average of 9.72%.
  • The 3 year average ROIC (3.03%) for GF is below the current ROIC(5.01%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.89%
ROE 44.3%
ROIC 5.01%
ROA(3y)2.74%
ROA(5y)2.67%
ROE(3y)22.73%
ROE(5y)24.28%
ROIC(3y)3.03%
ROIC(5y)2.96%
GF.MI Yearly ROA, ROE, ROICGF.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • GF's Profit Margin of 38.69% is amongst the best of the industry. GF outperforms 84.75% of its industry peers.
  • GF's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 58.11%, GF belongs to the top of the industry, outperforming 88.14% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GF has grown nicely.
  • The Gross Margin of GF (90.12%) is better than 94.92% of its industry peers.
  • GF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 58.11%
PM (TTM) 38.69%
GM 90.12%
OM growth 3Y4.07%
OM growth 5Y5.84%
PM growth 3Y4.03%
PM growth 5Y7.12%
GM growth 3Y0.97%
GM growth 5Y0.16%
GF.MI Yearly Profit, Operating, Gross MarginsGF.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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4

2. Health

2.1 Basic Checks

  • GF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, GF has about the same amount of shares outstanding.
  • Compared to 5 years ago, GF has about the same amount of shares outstanding.
  • GF has a worse debt/assets ratio than last year.
GF.MI Yearly Shares OutstandingGF.MI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
GF.MI Yearly Total Debt VS Total AssetsGF.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • GF has an Altman-Z score of 0.89. This is a bad value and indicates that GF is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.89, GF perfoms like the industry average, outperforming 47.46% of the companies in the same industry.
  • The Debt to FCF ratio of GF is 17.02, which is on the high side as it means it would take GF, 17.02 years of fcf income to pay off all of its debts.
  • GF's Debt to FCF ratio of 17.02 is on the low side compared to the rest of the industry. GF is outperformed by 61.02% of its industry peers.
  • GF has a Debt/Equity ratio of 4.63. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of GF (4.63) is worse than 83.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.63
Debt/FCF 17.02
Altman-Z 0.89
ROIC/WACC0.74
WACC6.82%
GF.MI Yearly LT Debt VS Equity VS FCFGF.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 15.30 indicates that GF has no problem at all paying its short term obligations.
  • The Current ratio of GF (15.30) is better than 94.92% of its industry peers.
  • A Quick Ratio of 15.30 indicates that GF has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 15.30, GF belongs to the top of the industry, outperforming 94.92% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 15.3
Quick Ratio 15.3
GF.MI Yearly Current Assets VS Current LiabilitesGF.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • GF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.12%, which is quite impressive.
  • The Earnings Per Share has been growing by 38.19% on average over the past years. This is a very strong growth
  • GF shows a strong growth in Revenue. In the last year, the Revenue has grown by 40.04%.
  • The Revenue has been growing by 29.00% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)44.12%
EPS 3Y30.68%
EPS 5Y38.19%
EPS Q2Q%54.31%
Revenue 1Y (TTM)40.04%
Revenue growth 3Y25.63%
Revenue growth 5Y29%
Sales Q2Q%47.74%

3.2 Future

  • GF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.83% yearly.
  • Based on estimates for the next years, GF will show a quite strong growth in Revenue. The Revenue will grow by 18.06% on average per year.
EPS Next Y40.62%
EPS Next 2Y20.8%
EPS Next 3Y18.83%
EPS Next 5YN/A
Revenue Next Year29.72%
Revenue Next 2Y20.83%
Revenue Next 3Y18.06%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
GF.MI Yearly Revenue VS EstimatesGF.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
GF.MI Yearly EPS VS EstimatesGF.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.64, the valuation of GF can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of GF indicates a somewhat cheap valuation: GF is cheaper than 72.88% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of GF to the average of the S&P500 Index (28.06), we can say GF is valued rather cheaply.
  • A Price/Forward Earnings ratio of 10.31 indicates a reasonable valuation of GF.
  • Based on the Price/Forward Earnings ratio, GF is valued a bit cheaper than the industry average as 62.71% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 27.86. GF is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.64
Fwd PE 10.31
GF.MI Price Earnings VS Forward Price EarningsGF.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GF is valued a bit cheaper than the industry average as 61.02% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, GF is valued a bit cheaper than 61.02% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.06
EV/EBITDA 10.59
GF.MI Per share dataGF.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of GF may justify a higher PE ratio.
  • A more expensive valuation may be justified as GF's earnings are expected to grow with 18.83% in the coming years.
PEG (NY)0.21
PEG (5Y)0.23
EPS Next 2Y20.8%
EPS Next 3Y18.83%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • GF has a Yearly Dividend Yield of 3.53%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.15, GF pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, GF pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.53%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 28.88% of the earnings are spent on dividend by GF. This is a low number and sustainable payout ratio.
DP28.88%
EPS Next 2Y20.8%
EPS Next 3Y18.83%
GF.MI Yearly Income VS Free CF VS DividendGF.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M
GF.MI Dividend Payout.GF.MI Dividend Payout, showing the Payout Ratio.GF.MI Dividend Payout.PayoutRetained Earnings

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GENERALFINANCE SPA

BIT:GF (2/9/2026, 7:00:00 PM)

24.8

+0.1 (+0.4%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners17.35%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap313.47M
Revenue(TTM)93.87M
Net Income(TTM)36.32M
Analysts86
Price Target23 (-7.26%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.53%
Yearly Dividend0.59
Dividend Growth(5Y)N/A
DP28.88%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)0%
PT rev (3m)9.47%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)13.64%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.84%
Valuation
Industry RankSector Rank
PE 8.64
Fwd PE 10.31
P/S 3.34
P/FCF 14.06
P/OCF 12.76
P/B 3.82
P/tB 3.99
EV/EBITDA 10.59
EPS(TTM)2.87
EY11.57%
EPS(NY)2.41
Fwd EY9.7%
FCF(TTM)1.76
FCFY7.11%
OCF(TTM)1.94
OCFY7.84%
SpS7.43
BVpS6.49
TBVpS6.21
PEG (NY)0.21
PEG (5Y)0.23
Graham Number20.46
Profitability
Industry RankSector Rank
ROA 4.89%
ROE 44.3%
ROCE 7.41%
ROIC 5.01%
ROICexc 5.76%
ROICexgc 5.87%
OM 58.11%
PM (TTM) 38.69%
GM 90.12%
FCFM 23.76%
ROA(3y)2.74%
ROA(5y)2.67%
ROE(3y)22.73%
ROE(5y)24.28%
ROIC(3y)3.03%
ROIC(5y)2.96%
ROICexc(3y)3.39%
ROICexc(5y)3.24%
ROICexgc(3y)3.42%
ROICexgc(5y)3.26%
ROCE(3y)4.48%
ROCE(5y)4.38%
ROICexgc growth 3Y6.06%
ROICexgc growth 5Y3.94%
ROICexc growth 3Y5.85%
ROICexc growth 5Y3.87%
OM growth 3Y4.07%
OM growth 5Y5.84%
PM growth 3Y4.03%
PM growth 5Y7.12%
GM growth 3Y0.97%
GM growth 5Y0.16%
F-Score5
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 4.63
Debt/FCF 17.02
Debt/EBITDA 6.74
Cap/Depr 129.61%
Cap/Sales 2.42%
Interest Coverage 250
Cash Conversion 43.64%
Profit Quality 61.41%
Current Ratio 15.3
Quick Ratio 15.3
Altman-Z 0.89
F-Score5
WACC6.82%
ROIC/WACC0.74
Cap/Depr(3y)128.37%
Cap/Depr(5y)131.84%
Cap/Sales(3y)3.9%
Cap/Sales(5y)4.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)44.12%
EPS 3Y30.68%
EPS 5Y38.19%
EPS Q2Q%54.31%
EPS Next Y40.62%
EPS Next 2Y20.8%
EPS Next 3Y18.83%
EPS Next 5YN/A
Revenue 1Y (TTM)40.04%
Revenue growth 3Y25.63%
Revenue growth 5Y29%
Sales Q2Q%47.74%
Revenue Next Year29.72%
Revenue Next 2Y20.83%
Revenue Next 3Y18.06%
Revenue Next 5YN/A
EBIT growth 1Y40.88%
EBIT growth 3Y30.75%
EBIT growth 5Y36.54%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y5.4%
FCF growth 3Y125.88%
FCF growth 5Y49.06%
OCF growth 1Y10.31%
OCF growth 3Y116.86%
OCF growth 5Y48.62%

GENERALFINANCE SPA / GF.MI FAQ

Can you provide the ChartMill fundamental rating for GENERALFINANCE SPA?

ChartMill assigns a fundamental rating of 7 / 10 to GF.MI.


What is the valuation status of GENERALFINANCE SPA (GF.MI) stock?

ChartMill assigns a valuation rating of 8 / 10 to GENERALFINANCE SPA (GF.MI). This can be considered as Undervalued.


How profitable is GENERALFINANCE SPA (GF.MI) stock?

GENERALFINANCE SPA (GF.MI) has a profitability rating of 8 / 10.


What is the expected EPS growth for GENERALFINANCE SPA (GF.MI) stock?

The Earnings per Share (EPS) of GENERALFINANCE SPA (GF.MI) is expected to grow by 40.62% in the next year.


Is the dividend of GENERALFINANCE SPA sustainable?

The dividend rating of GENERALFINANCE SPA (GF.MI) is 5 / 10 and the dividend payout ratio is 28.88%.