Valuation Generali

Equities

Market Closed - Borsa Italiana Other stock markets 10:15:00 12/03/2026 pm IST			5-day change	1st Jan Change
33.63 ^EUR	0.00%		-0.36%	-5.93%

12/03	Generali interested in replacing AXA as MPS partner, widening UniCredit deals	RE
12/03	Global markets live: Tesla, JPMorgan, Amazon, Leonardo…

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	22,385	29,338	25,706	29,467	41,489	50,473	50,473	-
Change	-	31.06%	-12.38%	14.63%	40.8%	21.65%	0%	-
Enterprise Value (EV) ¹	22,166	29,338	67,116	66,483	78,884	90,991	90,274	89,789
Change	-	32.36%	128.77%	-0.94%	18.65%	15.35%	-0.79%	-0.54%
P/E ratio	13.1x	10.5x	9.03x	7.86x	11.3x	13.2x	10.9x	10.1x
PBR	0.75x	1x	1.59x	1.04x	1.37x	1.6x	1.51x	1.39x
PEG	-	0.2x	2.68x	0.2x	-27.46x	1.1x	1x	1.23x
Capitalization / Revenue	0.32x	0.39x	0.32x	0.36x	0.44x	0.55x	0.49x	0.47x
EV / Revenue	0.31x	0.39x	0.82x	0.81x	0.83x	0.92x	0.87x	0.83x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	4.26x	5.01x	10.3x	9.66x	10.8x	11.5x	10.6x	9.92x
EV / FCF	1.21x	1.65x	6.78x	55.2x	5.33x	23.2x	20.4x	18.4x
FCF Yield	82.6%	60.7%	14.7%	1.81%	18.8%	4.31%	4.91%	5.42%
Dividend per Share ²	1.01	1.07	1.16	1.28	1.43	1.578	1.75	1.898
Rate of return	7.08%	5.74%	6.98%	6.7%	5.24%	4.69%	5.2%	5.64%
EPS ²	1.09	1.78	1.84	2.43	2.42	2.711	3.072	3.325
Distribution rate	92.7%	60.1%	63%	52.7%	59.1%	57.2%	57%	57.1%
Net sales ¹	70,704	75,825	81,538	82,466	95,190	98,124	1,03,556	1,07,730
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	5,208	5,852	6,509	6,879	7,295	8,004	8,503	9,048
Net income ¹	1,744	2,847	2,912	3,747	3,724	4,172	4,515	4,978
Net Debt ¹	-219	-	41,410	37,016	37,395	40,518	39,802	39,316
Reference price ²	14.26	18.63	16.62	19.10	27.27	33.63	33.63	33.63
Nbr of stocks (in thousands)	15,69,743	15,74,760	15,47,172	15,42,345	15,21,425	15,00,829	15,00,829	-
Announcement Date	11/03/21	15/03/22	14/03/23	12/03/24	12/03/25	12/03/26	-	-

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	12.02x	0.92x	-	4.76%	5.76TCr
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.	8x	5.12x	-	4.38%	16TCr
AXA	8.4x	0.83x	-	6.12%	8.79TCr
AFLAC INCORPORATED	14.96x	2.9x	-	2.25%	5.65TCr
MANULIFE FINANCIAL CORPORATION	10.24x	-	-	4.21%	5.65TCr
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.	7.36x	0.88x	-	3.04%	5.16TCr
METLIFE, INC.	7.73x	-	-	3.36%	4.56TCr
GREAT-WEST LIFECO INC.	11.87x	-	-	4.28%	4.16TCr
PRUDENTIAL PLC	13.47x	-	-	1.77%	3.7TCr
SUN LIFE FINANCIAL INC.	11.46x	-	-	4.4%	3.52TCr
Average	10.55x	2.13x		3.86%	6.27TCr
Weighted average by Cap.	9.96x	2.78x		4.11%