Company Valuation: Intesa Sanpaolo S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 37,112 44,085 37,978 48,222 68,693 90,656 90,656 -
Change - 18.79% -13.85% 26.98% 42.45% 31.97% 0% -
Enterprise Value (EV) 37,112 44,085 37,978 48,222 68,693 90,656 90,656 90,656
Change - 18.79% -13.85% 26.98% 42.45% 31.97% 0% 0%
P/E ratio 10.6x 10.3x 9.03x 6.29x 8.05x 11.2x 9.11x 8.39x
PBR 0.56x 0.69x 0.64x 0.78x 1.05x 1.48x 1.43x 1.39x
PEG - 0.5x 1.99x 0.1x 0.6x 1.1x 1.01x 0.98x
Capitalization / Revenue 1.95x 2.11x 1.77x 1.92x 2.53x 3.77x 3.23x 3.13x
EV / Revenue 0x 0x 0x 0x 0x 3.33x 3.23x 3.13x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.72x 5.41x 5.12x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.0357 0.151 0.161 0.296 0.341 0.375 0.4306 0.4684
Rate of return 1.87% 6.64% 7.75% 11.2% 8.83% 6.33% 8.26% 8.98%
EPS 2 0.18 0.22 0.23 0.42 0.48 0.53 0.5725 0.6213
Distribution rate 19.8% 68.6% 70% 70.5% 71% 70.8% 75.2% 75.4%
Net sales 1 19,023 20,918 21,470 25,138 27,107 27,270 28,058 28,919
EBITDA - - - - - - - -
EBIT 1 9,052 9,956 10,536 13,809 15,537 15,770 16,760 17,720
Net income 1 3,277 4,185 4,354 7,724 8,666 9,321 9,929 10,552
Net Debt - - - - - - - -
Reference price 2 1.913 2.274 2.078 2.644 3.863 5.215 5.215 5.215
Nbr of stocks (in thousands) 19,404,083 19,386,670 18,275,995 18,241,724 17,782,179 17,383,618 17,383,618 -
Announcement Date 05/02/21 04/02/22 03/02/23 06/02/24 04/02/25 02/02/26 - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.93x - - 7.07% 105B
13x - - 2.26% 763B
5.55x - - 5.6% 351B
10.87x - - 2.55% 338B
10.2x - - 5.12% 274B
5.4x - - 5.53% 271B
10.77x - - 2.5% 232B
5.45x - - 5.57% 235B
14.21x - - 3.02% 228B
26.36x - - 2.95% 204B
Average 11.17x 4.22% 300.03B
Weighted average by Cap. 11.07x 3.79%

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

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