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 63,534 - -
Change - -12.38% 14.63% 40.8% 29.52% 18.23% - -
Enterprise Value (EV) 1 29,338 67,116 66,483 78,884 95,273 104,608 104,263 103,893
Change - 128.77% -0.94% 18.65% 20.78% 9.8% -0.33% -0.36%
P/E 10.5x 9.03x 7.86x 11.3x 13.2x 13.7x 12.5x 11.8x
PBR 1x 1.59x 1.04x 1.37x 1.71x 1.89x 1.77x 1.66x
PEG - 2.68x 0.2x -27.46x 1.1x 1x 1.34x 2.02x
Capitalization / Revenue 0.39x 0.32x 0.36x 0.44x 0.55x 0.62x 0.59x 0.57x
EV / Revenue 0.39x 0.82x 0.81x 0.83x 0.97x 1.02x 0.97x 0.92x
EV / EBITDA - - - - - - - -
EV / EBIT 5.01x 10.3x 9.66x 10.8x 11.9x 12.1x 11.4x 10.8x
EV / FCF 1.65x 6.78x 55.2x 5.33x 4.95x 25.5x 21.9x 21.6x
FCF Yield 60.7% 14.7% 1.81% 18.8% 20.2% 3.92% 4.56% 4.64%
Dividend per Share 2 1.07 1.16 1.28 1.43 1.64 1.807 1.986 2.143
Rate of return 5.74% 6.98% 6.7% 5.24% 4.59% 4.25% 4.68% 5.05%
EPS 2 1.78 1.84 2.43 2.42 2.711 3.102 3.391 3.59
Distribution rate 60.1% 63% 52.7% 59.1% 60.5% 58.2% 58.5% 59.7%
Net sales 1 75,825 81,538 82,466 95,190 98,124 102,711 107,393 112,404
EBITDA - - - - - - - -
EBIT 1 5,852 6,509 6,879 7,295 8,004 8,631 9,107 9,590
Net income 1 2,847 2,912 3,747 3,724 4,172 4,685 5,060 5,350
Net Debt 1 - 41,410 37,016 37,395 41,534 41,074 40,729 40,358
Reference price 2 18.63 16.62 19.10 27.27 35.75 42.47 42.47 42.47
Nbr of stocks (in thousands) 1,574,760 1,547,172 1,542,345 1,521,425 1,503,178 1,495,978 - -
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.($)
6.12x4.84x - 5.85% 127B
10.73x0.94x - 5.61% 104B
12.79x - - 2.93% 95.78B
14.78x - - 3.3% 69.15B
16.79x3.3x - 2.01% 61.84B
10.79x - - 2.56% 58.98B
17.34x - - 2.91% 58.49B
23.82x - - 1.82% 44.46B
17.38x - - 3.36% 44.3B
Average 14.50x 3.03x 3.37% 73.78B
Weighted average by Cap. 13.04x 3.13x 3.78%

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