GENERALFINANCE SPA (GF.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:GF • IT0005144784
24.6 EUR
-0.4 (-1.6%)
Last: Jan 30, 2026, 07:00 PM
GF gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 59 industry peers in the Financial Services industry. GF has an excellent profitability rating, but there are some minor concerns on its financial health. An interesting combination arises when we look at growth and value: GF is growing strongly while it also seems undervalued.
1. Profitability
1.1 Basic Checks
- In the past year GF was profitable.
- GF had a positive operating cash flow in the past year.
- In the past 5 years GF has always been profitable.
- In multiple years GF reported negative operating cash flow during the last 5 years.
1.2 Ratios
- The Return On Assets of GF (4.89%) is better than 72.88% of its industry peers.
- GF has a better Return On Equity (44.30%) than 91.53% of its industry peers.
- The Return On Invested Capital of GF (5.01%) is better than 62.71% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for GF is significantly below the industry average of 10.19%.
- The 3 year average ROIC (3.03%) for GF is below the current ROIC(5.01%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
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.
- In the last couple of years the Profit Margin of GF has grown nicely.
- With an excellent Operating Margin value of 58.11%, GF belongs to the best of the industry, outperforming 88.14% of the companies in the same industry.
- GF's Operating Margin has improved in the last couple of years.
- GF has a better Gross Margin (90.12%) than 94.92% of its industry peers.
- In the last couple of years the Gross Margin of GF has remained more or less at the same level.
| Industry Rank | Sector 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%
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.
- The number of shares outstanding for GF remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, GF has about the same amount of shares outstanding.
- Compared to 1 year ago, GF has a worse debt to assets ratio.
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.
- GF has a Altman-Z score (0.89) which is in line with its industry peers.
- 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 62.71% 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.
- GF's Debt to Equity ratio of 4.63 is on the low side compared to the rest of the industry. GF is outperformed by 83.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.63 | ||
| Debt/FCF | 17.02 | ||
| Altman-Z | 0.89 |
ROIC/WACC0.72
WACC6.97%
2.3 Liquidity
- GF has a Current Ratio of 15.30. This indicates that GF is financially healthy and has no problem in meeting its short term obligations.
- GF has a Current ratio of 15.30. This is amongst the best in the industry. GF outperforms 94.92% of its industry peers.
- GF has a Quick Ratio of 15.30. This indicates that GF is financially healthy and has no problem in meeting its short term obligations.
- GF's Quick ratio of 15.30 is amongst the best of the industry. GF outperforms 94.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 15.3 | ||
| Quick Ratio | 15.3 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 44.12% over the past year.
- The Earnings Per Share has been growing by 38.19% on average over the past years. This is a very strong growth
- The Revenue has grown by 40.04% in the past year. This is a very strong growth!
- GF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 29.00% yearly.
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.
- The Revenue is expected to grow by 18.06% on average over the next years. This is quite good.
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.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 8.57, which indicates a very decent valuation of GF.
- Based on the Price/Earnings ratio, GF is valued a bit cheaper than the industry average as 77.97% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 28.32. GF is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 10.23 indicates a reasonable valuation of GF.
- 64.41% of the companies in the same industry are more expensive than GF, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. GF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.57 | ||
| Fwd PE | 10.23 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, GF is valued a bit cheaper than 62.71% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as GF.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.94 | ||
| EV/EBITDA | 10.57 |
4.3 Compensation for Growth
- GF's 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.
- GF's earnings are expected to grow with 18.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.21
PEG (5Y)0.22
EPS Next 2Y20.8%
EPS Next 3Y18.83%
5. Dividend
5.1 Amount
- GF has a Yearly Dividend Yield of 3.36%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.99, GF pays a bit more dividend than its industry peers.
- GF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
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%
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 7 / 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%.