Valuation Generali

Equities

Real-time Borsa Italiana Other stock markets 06:02:09 15/05/26 pm AEST			5-day change	1st Jan Change
38.60 ^EUR	-1.51%		-0.77%	+8.06%

04:36pm	European markets set to open lower as inflation fears mount	AN
15/05	European markets rise following China-US summit; Stellantis gains	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	29,338	25,706	29,467	41,489	53,739	58,627	-	-
Change	-	-12.38%	14.63%	40.8%	29.52%	9.1%	-	-
Enterprise Value (EV) ¹	29,338	67,116	66,483	78,884	95,273	99,713	99,382	99,014
Change	-	128.77%	-0.94%	18.65%	20.78%	4.66%	-0.33%	-0.37%
P/E ratio	10.5x	9.03x	7.86x	11.3x	13.2x	12.6x	11.5x	10.8x
PBR	1x	1.59x	1.04x	1.37x	1.71x	1.76x	1.65x	1.56x
PEG	-	2.68x	0.2x	-27.46x	1.1x	0.9x	1.21x	1.62x
Capitalization / Revenue	0.39x	0.32x	0.36x	0.44x	0.55x	0.57x	0.55x	0.52x
EV / Revenue	0.39x	0.82x	0.81x	0.83x	0.97x	0.97x	0.92x	0.88x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	5.01x	10.3x	9.66x	10.8x	11.9x	11.7x	11x	10.4x
EV / FCF	1.65x	6.78x	55.2x	5.33x	4.95x	22.5x	20.4x	20.3x
FCF Yield	60.7%	14.7%	1.81%	18.8%	20.2%	4.44%	4.9%	4.92%
Dividend per Share ²	1.07	1.16	1.28	1.43	1.64	1.809	1.982	2.159
Rate of return	5.74%	6.98%	6.7%	5.24%	4.59%	4.62%	5.06%	5.51%
EPS ²	1.78	1.84	2.43	2.42	2.711	3.098	3.393	3.62
Distribution rate	60.1%	63%	52.7%	59.1%	60.5%	58.4%	58.4%	59.6%
Net sales ¹	75,825	81,538	82,466	95,190	98,124	102,793	107,467	112,478
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	5,852	6,509	6,879	7,295	8,004	8,510	9,043	9,499
Net income ¹	2,847	2,912	3,747	3,724	4,172	4,640	5,021	5,320
Net Debt ¹	-	41,410	37,016	37,395	41,534	41,085	40,754	40,387
Reference price ²	18.63	16.62	19.10	27.27	35.75	39.19	39.19	39.19
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	15/3/22	14/3/23	12/3/24	12/3/25	12/3/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
GENERALI	12.65x	0.97x	-	4.62%	68.43B
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.	7.1x	5.1x	-	5.07%	150B
AXA	9.57x	0.87x	-	6.29%	94.72B
MANULIFE FINANCIAL CORPORATION	12.99x	-	-	3.75%	62.58B
AFLAC INCORPORATED	16.08x	3.11x	-	2.1%	59.24B
METLIFE, INC.	9.33x	-	-	2.96%	50.95B
GREAT-WEST LIFECO INC.	14.5x	-	-	3.47%	50.55B
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.	6.39x	0.86x	-	3.5%	47.47B
SUN LIFE FINANCIAL INC.	15.19x	-	-	3.87%	39.66B
PRUDENTIAL PLC	13.38x	-	-	1.92%	39.39B
Average	11.72x	2.18x		3.75%	66.28B
Weighted average by Cap.	10.93x	2.71x		4.15%