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 65,404 - -
Change - -12.38% 14.63% 40.8% 29.52% 21.71% - -
Enterprise Value (EV) 1 29,338 67,116 66,483 78,884 95,273 106,520 106,179 105,807
Change - 128.77% -0.94% 18.65% 20.78% 11.81% -0.32% -0.35%
P/E 10.5x 9.03x 7.86x 11.3x 13.2x 14x 12.9x 12.1x
PBR 1x 1.59x 1.04x 1.37x 1.71x 1.95x 1.82x 1.7x
PEG - 2.68x 0.2x -27.46x 1.1x 0.9x 1.55x 1.9x
Capitalization / Revenue 0.39x 0.32x 0.36x 0.44x 0.55x 0.64x 0.61x 0.58x
EV / Revenue 0.39x 0.82x 0.81x 0.83x 0.97x 1.04x 0.99x 0.94x
EV / EBITDA - - - - - - - -
EV / EBIT 5.01x 10.3x 9.66x 10.8x 11.9x 12.3x 11.7x 11x
EV / FCF 1.65x 6.78x 55.2x 5.33x 4.95x 26x 22.3x 22x
FCF Yield 60.7% 14.7% 1.81% 18.8% 20.2% 3.85% 4.48% 4.56%
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% 4.13% 4.54% 4.9%
EPS 2 1.78 1.84 2.43 2.42 2.711 3.124 3.384 3.6
Distribution rate 60.1% 63% 52.7% 59.1% 60.5% 57.8% 58.7% 59.5%
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 4,705 5,061 5,360
Net Debt 1 - 41,410 37,016 37,395 41,534 41,116 40,775 40,403
Reference price 2 18.63 16.62 19.10 27.27 35.75 43.72 43.72 43.72
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 15/03/22 14/03/23 12/03/24 12/03/25 12/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.72x4.99x - 5.3% 141B
10.82x0.9x - 5.54% 105B
13.62x - - 2.71% 103B
14.86x - - 3.14% 73.14B
17.9x3.52x - 1.9% 65.49B
11.5x - - 2.42% 62.43B
17.26x - - 2.98% 57.63B
17.08x - - 3.3% 45.77B
11.3x - - 4.87% 42.6B
Average 13.45x 3.14x 3.57% 77.3B
Weighted average by Cap. 12.53x 3.30x 3.8%

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