Company Valuation: Generali

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 54,375 - -
Change - -12.38% 14.63% 40.8% 29.52% 1.18% - -
Enterprise Value (EV) 1 29,338 67,116 66,483 78,884 95,273 95,737 95,364 94,961
Change - 128.77% -0.94% 18.65% 20.78% 0.49% -0.39% -0.42%
P/E ratio 10.5x 9.03x 7.86x 11.3x 13.2x 11.8x 10.9x 10.3x
PBR 1x 1.59x 1.04x 1.37x 1.71x 1.62x 1.52x 1.44x
PEG - 2.68x 0.2x -27.46x 1.1x 0.9x 1.35x 1.63x
Capitalization / Revenue 0.39x 0.32x 0.36x 0.44x 0.55x 0.52x 0.51x 0.48x
EV / Revenue 0.39x 0.82x 0.81x 0.83x 0.97x 0.92x 0.89x 0.83x
EV / EBITDA - - - - - - - -
EV / EBIT 5.01x 10.3x 9.66x 10.8x 11.9x 11.3x 10.6x 10x
EV / FCF 1.65x 6.78x 55.2x 5.33x 4.95x 21.6x 19.6x 19.5x
FCF Yield 60.7% 14.7% 1.81% 18.8% 20.2% 4.63% 5.11% 5.13%
Dividend per Share 2 1.07 1.16 1.28 1.43 1.64 1.798 1.951 2.127
Rate of return 5.74% 6.98% 6.7% 5.24% 4.59% 4.96% 5.39% 5.87%
EPS 2 1.78 1.84 2.43 2.42 2.711 3.073 3.322 3.532
Distribution rate 60.1% 63% 52.7% 59.1% 60.5% 58.5% 58.7% 60.2%
Net sales 1 75,825 81,538 82,466 95,190 98,124 104,217 107,284 114,392
EBITDA - - - - - - - -
EBIT 1 5,852 6,509 6,879 7,295 8,004 8,485 9,036 9,488
Net income 1 2,847 2,912 3,747 3,724 4,172 4,641 4,983 5,285
Net Debt 1 - 41,410 37,016 37,395 41,534 41,362 40,989 40,587
Reference price 2 18.63 16.62 19.10 27.27 35.75 36.23 36.23 36.23
Nbr of stocks (in thousands) 1,574,760 1,547,172 1,542,345 1,521,425 1,503,178 1,500,818 - -
Announcement Date 15/03/22 14/03/23 12/03/24 12/03/25 12/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.78x0.92x - 4.96% 63.61B
7.3x5.18x - 4.89% 151B
10.19x0.89x - 6% 99.64B
11.29x - - 3.79% 61.34B
15.66x3.01x - 2.17% 58.25B
7.53x1.32x - 3.23% 50.29B
8.23x - - 3.14% 48.68B
12.83x - - 3.96% 43.99B
12.69x - - 2.04% 37.74B
12.12x - - 4.17% 36.59B
Average 10.96x 2.26x 3.83% 65.09B
Weighted average by Cap. 10.35x 2.77x 4.19%

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