Rankings Financial data & insurance broking FinecoBank
FinecoBank
93
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Multiples vs own history−4
- Quality of growth−2
- Competition and fee pressure−2
Strengths
- Record inflow and customer growth+3
- Raised guidance+1
How the score is built
From 100 to 93, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 21.20 EUR
- Median analyst target
- 27.35 EUR
- Upside to median
- +29.0%
- Analysts
- 16
- Target range
- 24.00 – 29.40 EUR
- 52-week change
- +6%
- P/E (trailing)
- 19.4
- Forward P/E
- 17.6
- PEG
- 1.54
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 1 finding−2 of −30
- −2Quality of growthEPS stood still in 2023–2025 (1.00 → 1.07 → 1.06) because earnings are interest-rate sensitive: margine finanziario makes up about half of revenue (339 of 714 EUR m in H1 2026). H1 2026 net income rose 7.1%, but operating profit only 2.4% in Q1.
Price
Today's multiples against the company's own history and its peers. · 2 findings−5 of −35
- −4Multiples vs own historyP/B 5.53 vs 3.78–5.45 in 2021–2025 (record) and trailing P/E 19.8 vs 13.6–24.7 (median 21.0 in 2021–2025, but 13.6–15.7 in 2023–2024); dividend yield 3.6% vs 3.1–5.7%. ROE of 28.9% vs 22–30% explains part of it.
- −1PeersForward P/E 18.0 and P/B 5.5 at ROE 28.9% vs Banca Mediolanum (15.0/3.8/30.1%) and Banca Generali (16.9/4.9); cheaper than Avanza (18.9/7.5) and Nordnet (21.9/10.3), but more expensive than the Italian wealth managers with the same returns.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−4 of −35
- −2Competition and fee pressureFineco faces direct competition in Italy from Trade Republic, flatexDEGIRO, Revolut and Interactive Brokers, and management itself cites the risk of pressure on the AUM margin; growth is partly to come from a new pan-European platform launching in Germany only in 2027, where Fineco is unknown.
- −1Bank taxThe 2026 Finance Act raised IRAP for banks by 2 percentage points (2026–2028); Fineco's net income therefore fell 1.2% in Q1 2026 despite higher operating profit.
- −1Activity dependenceBrokerage (+15.2% in H1, EUR 192m year to date in August) is driven by 'intense customer activity' and high volatility; the revenue falls when markets calm down.
Plus
Only documented strengths. · 2 findings+4 of +15
- +3Record inflow and customer growthNet inflows EUR 8.9bn in H1 2026 (+34.8%) and 11.7bn year to date in August; new clients +25.9%, total client assets 175.2bn (+18.5%) and managed savings in August more than doubled.
- +1Raised guidanceThe 2026 outlook has been raised (qualitatively) on better-than-expected inflows and customer growth, strong brokerage and higher market interest rates; revenue +10.8% and ordinary profit +8% in H1.
Caveats
What the score does not capture, or where the data is weak.
Bank/platform: EV, ROIC and FCF are not meaningful (customer deposits); the payout is held against net profit, valuation on P/E and P/B. Stockanalysis does not show forward P/E history, so T2 uses trailing P/E and P/B vs 2021–2025. CET1, the share of government bonds in the portfolio and the interest rate sensitivity of margine finanziario (about half of revenue) have not been investigated separately; the half-year PDF could not be read. Insider ownership is shown as n/a. 2026 guidance has only been raised qualitatively. Q3 results 4 Nov.
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