FinecoBank Banca Fineco SpA (FBK) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of FinecoBank Banca Fineco SpA stock €9.66, price €20.89, upside -53.8%, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range €8.79 – €24.70 · fair‑value band €6.35 – €12.07 · the €20.89 price screens above the €9.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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FinecoBank Banca Fineco S.p.A. provides banking, credit, trading and investment services in Italy.
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It offers banking services, including current account services, payment services, mortgages, overdrafts, and personal loans, as well as debit, credit, and prepaid cards; and brokerage services comprising order execution services on behalf of customers with direct access to global equity markets, as well as trading of CFDs, futures, options, bonds, ETFs, and certificates.
The company also provides asset management services, such as placement and distribution services of various products, including UCITS and SICAV units, and insurance and pension products, as well as investment advisory services. In addition, it operates financial shops.
The company serves through a network of personal financial advisors, and online and mobile channels. FinecoBank Banca Fineco S.p.A. was founded in 1999 and is headquartered in Reggio Emilia, Italy.
Stock analysis
FinecoBank Banca Fineco SpA (FBK) currently trades at €20.89, while our model-based Fair Value estimate is €9.66, 53.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of €10.54 per share, and 0 of the 6 models we run sit above the €20.89 price.
Bear case: the Asset-Based group reads lowest at €2.66, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: €6.35 (bear) to €12.07 (bull), the price of €20.89 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
FinecoBank Banca Fineco SpA reported revenue of €1.6B in FY2025 versus €800M in FY2021, a compound +18.0%/yr. Reported net income was €647M in FY2025, compounding +14.2%/yr from FY2021.
Key figures
Market cap €12.8B Large · P/E ratio 19.0 · P/S ratio 9.26 · EPS (TTM) €1.10 · Dividend yield 3.8% · Net margin 48.5% · Return on equity 28.9% · Return on assets (EBIT) 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −29% fair-value upside, at −54%, FBK screens richer than that median.
Fair Value models
Bear€6.35Fair Value €9.66Bull€12.07
Price €20.89 · Upside -53.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.2548 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.3%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+18.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)3.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.8% vs 12.9%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.62% → 60%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +17.2% a year for the price and +4.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (17 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Digital platform and AI advisory drive steady client inflows and asset growth as main strength, yet minimal signals of a durable moat leave lasting revenue sustainability unclear amid competition.
Main risk: Shifting client preferences together with competition could limit conversion of relationships into sustained inflows and hit revenue growth from managed assets and deposits.
FinecoBank continues to attract new clients at a steady pace through its digital platform and AI-supported advisory. This fuels inflows into managed assets, direct deposits and brokerage even during quieter market periods. Does the low-cost scalable model turn these relationships into lasting revenue growth, or do shifting client preferences and competition cap the gains?
Compare FinecoBank Banca Fineco SpA with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1061 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside−53.8% · Bottom 25%
Profitability
Return on equity (12 months)28.9% · Top 25%
Return on assets1.7% · Top 25%
Net margin (12 months)48.5% · Top 25%
Operating margin (12 months)71.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)18.0% · Above median
Dividend yield (12 months)3.8% · Above median
Balance sheet
Debt / equity0.32× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)19.0× · Priciest 25%
P/B5.01× · Priciest 25%
P/S (12 months)9.26× · Priciest 25%
Price / free cash flow30.5× · Priciest 25%
EV/EBITDA11.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)90· sector 50
PAST (return on equity)100· sector 41
HEALTH (low debt)84· sector 84
DIVIDEND (yield)76· sector 52
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is FinecoBank Banca Fineco SpA (FBK) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of €9.66 versus a price of €20.89, about −54% upside (overvalued).
What is the fair value of FBK?
Our model-based fair value for FinecoBank Banca Fineco SpA is €9.66 (as of Oct 22, 2026), built from audited fundamentals. The current price: €20.89.
What is the quality score of FBK?
FinecoBank Banca Fineco SpA has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for FinecoBank Banca Fineco SpA (FBK)?
Our model-based price target is the fair value of €9.66 (as of Oct 22, 2026) from 6 valuation models. Cautious scenario €6.35, optimistic scenario €12.07. It is a calculation from audited fundamentals, not an analyst target.
What is the FinecoBank Banca Fineco SpA stock forecast for 2026?
Our models put fair value at €9.66, about −54% upside versus a price of €20.89 (overvalued). Cautious scenario €6.35, optimistic scenario €12.07. The calculation is refreshed regularly with new filings.
What is the revenue of FinecoBank Banca Fineco SpA (FBK)?
FinecoBank Banca Fineco SpA reported trailing-twelve-month revenue of about €1.4B (latest available figure, as of Oct 22, 2026).
Does FinecoBank Banca Fineco SpA pay a dividend?
FinecoBank Banca Fineco SpA currently shows a dividend yield of 3.78% relative to its recent price (as of Oct 22, 2026).
What growth is priced into FinecoBank Banca Fineco SpA (FBK)?
For today's price to be fair in a discounted-cash-flow model, FinecoBank Banca Fineco SpA would have to grow free cash flow by +19.7 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.3 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of FBK use?
Our models discount FinecoBank Banca Fineco SpA at 10.7 %: a base by market capitalisation (large), damped by beta 0.74, country premium for Italy. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For FinecoBank Banca Fineco SpA that is +19.7 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has FinecoBank Banca Fineco SpA (FBK) delivered so far?
Over the past 5 years revenue at FinecoBank Banca Fineco SpA grew +15.3 % a year. The price currently implies +19.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of FinecoBank Banca Fineco SpA (FBK) growing?
The median revenue growth in the sector is +9.3 % a year. That is the yardstick for the growth priced into FinecoBank Banca Fineco SpA (+19.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of FinecoBank Banca Fineco SpA (FBK)?
The free-cash-flow yield on the price is 3.28 %: that much free cash flow FinecoBank Banca Fineco SpA produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FinecoBank Banca Fineco SpA (FBK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FinecoBank Banca Fineco SpA it is €9.66 per share (as of Oct 22, 2026), against a price of €20.89. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is FinecoBank Banca Fineco SpA stock overvalued or undervalued in 2026?
As of Oct 22, 2026, FBK trades above its calculated fair value: price €20.89, fair value €9.66, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FBK?
No. The price is what the market pays today (€20.89); the fair value is what the company's own numbers justify (€9.66). For FinecoBank Banca Fineco SpA the two are €11.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is FinecoBank Banca Fineco SpA worth?
The market values FinecoBank Banca Fineco SpA at about €12.8B (market capitalisation, as of Oct 22, 2026). Per share that is €20.89; our models calculate a fair value of €9.66 per share.
What do the bullish and bearish scenarios say about FBK?
Our models span a range for FinecoBank Banca Fineco SpA: cautious scenario €6.35, base €9.66, optimistic €12.07 per share (as of Oct 22, 2026, price €20.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FBK?
FinecoBank Banca Fineco SpA trades at a price-to-earnings ratio of 19.0 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €9.66 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 22.2. Other multiples: P/B 5.0, P/S 9.3, EV/EBITDA 11.8.
How solid is the balance sheet of FinecoBank Banca Fineco SpA (FBK)?
Balance-sheet figures for FinecoBank Banca Fineco SpA (as of Oct 22, 2026): return on equity 28.9%, debt of 0.32 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is FBK from its 52-week high?
FinecoBank Banca Fineco SpA trades at €20.89, about 15% below its 52-week high of €24.70 and 19% above the low of €17.56 (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of €9.66 is for.
Which stocks are comparable to FinecoBank Banca Fineco SpA?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is FinecoBank Banca Fineco SpA stock attractive at the current price?
The data as of Oct 22, 2026: price €20.89, calculated fair value €9.66 (−54%), Quality Score 59/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FBK calculated?
We run FinecoBank Banca Fineco SpA through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €9.66, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.7 % above its aggregate fair value. FinecoBank Banca Fineco SpA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of FinecoBank Banca Fineco SpA (FBK)?
The closing price on Oct 26, 2026 was €20.89. Our model-based fair value is €9.66, about −54% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FinecoBank Banca Fineco SpA right now?
The price sits above even our optimistic bull case (€12.07). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€6.35 to €12.07) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of FinecoBank Banca Fineco SpA (FBK) come from?
Earnings per share at FinecoBank Banca Fineco SpA grew +14.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.7 %, EBIT margin +1.2 %, tax rate +0.4 %, residual (interest, one-offs) +1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of FinecoBank Banca Fineco SpA
How large is the market capitalisation of FinecoBank Banca Fineco SpA (FBK)?
The market capitalisation of FinecoBank Banca Fineco SpA is €12.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of FinecoBank Banca Fineco SpA (FBK)?
The price-to-sales ratio of FinecoBank Banca Fineco SpA is 9.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FinecoBank Banca Fineco SpA (FBK)?
Earnings per share at FinecoBank Banca Fineco SpA are €1.10 (price ÷ EPS = P/E 19.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FinecoBank Banca Fineco SpA (FBK)?
The dividend yield of FinecoBank Banca Fineco SpA is 3.8% (payout 71.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of FinecoBank Banca Fineco SpA (FBK)?
The net margin of FinecoBank Banca Fineco SpA is 48.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of FinecoBank Banca Fineco SpA (FBK)?
The return on equity (ROE) of FinecoBank Banca Fineco SpA is 28.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of FinecoBank Banca Fineco SpA (FBK)?
On an EBIT basis the return on assets of FinecoBank Banca Fineco SpA is 2.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of FinecoBank Banca Fineco SpA (FBK)?
The operating margin of FinecoBank Banca Fineco SpA is 71.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FinecoBank Banca Fineco SpA (FBK)?
Revenue at FinecoBank Banca Fineco SpA is growing +18.0% versus a year earlier (3y avg +18.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at FinecoBank Banca Fineco SpA (FBK)?
Earnings per share at FinecoBank Banca Fineco SpA are growing +15.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does FinecoBank Banca Fineco SpA (FBK) hold?
FinecoBank Banca Fineco SpA holds more cash than debt, €213M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 22, 2026