Company Valuation: Generali

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,338 25,706 29,467 41,489 53,739 64,819 - -
Change - -12.38% 14.63% 40.8% 29.52% 20.62% - -
Enterprise Value (EV) 1 29,338 67,116 66,483 78,884 95,273 106,334 106,015 105,652
Change - 128.77% -0.94% 18.65% 20.78% 11.61% -0.3% -0.34%
P/E 10.5x 9.03x 7.86x 11.3x 13.2x 13.6x 12.6x 11.9x
PBR 1x 1.59x 1.04x 1.37x 1.71x 1.91x 1.78x 1.67x
PEG - 2.68x 0.2x -27.46x 1.1x 0.8x 1.63x 1.9x
Capitalization / Revenue 0.39x 0.32x 0.36x 0.44x 0.55x 0.63x 0.6x 0.58x
EV / Revenue 0.39x 0.82x 0.81x 0.83x 0.97x 1.03x 0.99x 0.94x
EV / EBITDA - - - - - 1.04x 1x 0.95x
EV / EBIT 5.01x 10.3x 9.66x 10.8x 11.9x 12.1x 11.6x 10.9x
EV / FCF 1.65x 6.78x 55.2x 5.33x 4.95x 25.9x 22.3x 21.9x
FCF Yield 60.7% 14.7% 1.81% 18.8% 20.2% 3.86% 4.49% 4.56%
Dividend per Share 2 1.07 1.16 1.28 1.43 1.64 1.816 1.993 2.156
Rate of return 5.74% 6.98% 6.7% 5.24% 4.59% 4.24% 4.65% 5.03%
EPS 2 1.78 1.84 2.43 2.42 2.711 3.158 3.401 3.615
Distribution rate 60.1% 63% 52.7% 59.1% 60.5% 57.5% 58.6% 59.6%
Net sales 1 75,825 81,538 82,466 95,190 98,124 103,146 107,538 112,605
EBITDA 1 - - - - - 102,140 106,475 110,666
EBIT 1 5,852 6,509 6,879 7,295 8,004 8,753 9,161 9,659
Net income 1 2,847 2,912 3,747 3,724 4,172 4,770 5,100 5,393
Net Debt 1 - 41,410 37,016 37,395 41,534 41,515 41,196 40,833
Reference price 2 18.63 16.62 19.10 27.27 35.75 42.87 42.87 42.87
Nbr of stocks (in thousands) 1,574,760 1,547,172 1,542,345 1,521,425 1,503,178 1,511,997 - -
Announcement Date 3/15/22 3/14/23 3/12/24 3/12/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.27x4.81x - 5.63% 132B
10.8x0.88x - 5.61% 104B
12.52x - - 2.92% 95.45B
13.76x1.04x1.05x4.18% 76.08B
14.7x - - 3.16% 73.17B
12.28x - - 2.42% 61.47B
17.11x3.26x - 2.01% 61.03B
17.57x - - 2.91% 59.48B
11.91x - - 4.62% 45.56B
Average 12.99x 2.50x 1.05x 3.72% 78.77B
Weighted average by Cap. 12.22x 2.69x 1.05x 3.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield