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FinecoBank Banca Fineco S.p.A (FNBKY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of FinecoBank Banca Fineco S.p.A $21.12, price $45.13, upside -53.2%, quality 60 out of 100. 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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Broad data
Oct 3, 2026
Broad data
Oct 3, 2026
FinecoBank Banca Fineco S.p.A
FNBKY · USStretched ValuationStrong overvaluation with only moderate quality.
!Fair value $21.12 · Strongly overvalued (−53.2%)
✓Quality 60/100
!Mixed Growth (revenue YoY −3.7 %/yr)
✓Highly profitable · 48.7% net margin (TTM)
✓generates free cash flow
✓3.4% dividend yield · Sustainable
✓Wide moat 76/100
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $22.92 – $62.00 · fair‑value band $15.84 – $26.41 · the $45.13 price screens above the $21.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Company profile
FinecoBank Banca Fineco S.p.A. provides banking, credit, trading and investment services in Italy.
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FinecoBank Banca Fineco S.p.A. provides banking, credit, trading and investment services in Italy. 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 S.p.A (FNBKY) currently trades at $45.13, while our model-based Fair Value estimate is $21.12, 53.2% 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 $26.73 per share, and 0 of the 6 models we run sit above the $45.13 price.
Bear case: the Asset-Based group reads lowest at $6.29, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $15.84 (bear) to $26.41 (bull), the price of $45.13 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 60/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
FinecoBank Banca Fineco S.p.A reported revenue of €1.3B in FY2025 versus €955M in FY2021, a compound +7.3%/yr. Reported net income was €622M in FY2025, compounding +13.0%/yr from FY2021.
Key figures
Market cap $16.4B · P/E ratio 18.3 · P/S ratio 9.01 · EPS (TTM) $2.46 · Dividend yield 3.4% · Net margin 49.1% · Return on equity 24.6% · Return on assets (EBIT) 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −53%, FNBKY screens richer than that median.
Fair Value models
Bear $15.84
Fair Value $21.12
Bull $26.41
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.86 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.
Evidence ⓘEvidence = 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.
Highest evidence
Residual Income
$13.66
$16.61
$25.61
75
Gordon GGM
$15.87
$33.00
$52.35
66
DDM Multi-Stage
$15.87
$26.73
$34.64
66
All 6 models by family
Dividend Discount
Gordon GGM
$15.87
$33.00
$52.35
66
DDM Multi-Stage
$15.87
$26.73
$34.64
66
Multiples
P/E Multiple
$22.30
$29.73
$37.17
63
P/B Multiple
$9.86
$13.15
$16.44
55
Asset-Based
NCAV (Graham)
$4.70
$6.29
$9.39
51
Economic Profit
Residual Income
$13.66
$16.61
$25.61
75
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Set up alert →Quality Score breakdown
Overall quality
60/100
Of which business quality 52 · Market factors (momentum, volatility) 45
Profitability
44
Margins and returns on capital today
Quality Growth
25
Are margins and returns improving?
Cashflow
78
Earnings quality: real cash, not paper profit
Fin. Strength
17
Balance sheet, leverage, solvency risk
Investment
82
Disciplined investing over empire-building
Low Volatility
63
Calm price path (market factor)
Momentum
41
Price trend over the last 3–12 months (market factor)
52W Momentum
31
Distance to the 52-week high (market factor)
Net Issuance
81
Share count: buybacks or dilution?
Revenue & earnings trend
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.
55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
+17.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)3.4%
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.13.9% vs 12.5%, 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.63% → 71%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−3.5%
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.
+9.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −5.6% a year for the price and +7.1% for the forecasts.
Forecast 2026 (sales)+13.3%
Forecast 2027 (sales)+9.9%
Projected 2028 (sales)+8.9%
Projected 2029 (sales)+7.9%
Projected 2030 (sales)+6.9%
FNBKY screens overvalued: fair value 53% below the price. Compare with DBS Group →
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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 · 1053 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group D05 | 78.00 SGD | 40.39 SGD | −48% |
| China Merchants Bank Co 600036 | ¥40.69 | ¥52.73 | +30% |
| UniCredit S.p.A UCG | €79.53 | €77.12 | −3% |
| Mizuho Financial Group MFG | $11.05 | $6.82 | −38% |
| Intesa Sanpaolo S.p.A ISP | €6.38 | €4.06 | −36% |
| BNP Paribas SA BNP | €91.54 | €105.99 | +16% |
| HDFC Bank Limited HDFCBANK | ₹721.20 | ₹406.44 | −44% |
| Oversea-Chinese Banking Corporation O39 | 32.01 SGD | 19.78 SGD | −38% |
| Al Rajhi Banking and Investment Corporation 1120 | 63.15 SAR | 36.95 SAR | −41% |
| CaixaBank, S.A CABK | €12.03 | €8.46 | −30% |
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Frequently asked questions
Is FinecoBank Banca Fineco S.p.A (FNBKY) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $21.12 versus a price of $45.13, about −53% upside (overvalued).
What is the fair value of FNBKY?
Our model-based fair value for FinecoBank Banca Fineco S.p.A is $21.12 (as of Oct 3, 2026), built from audited fundamentals. The current price: $45.13.
What is the quality score of FNBKY?
FinecoBank Banca Fineco S.p.A has a Quality Score of 60/100. 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 S.p.A (FNBKY)?
Our model-based price target is the fair value of $21.12 (as of Oct 3, 2026) from 6 valuation models. Cautious scenario $15.84, optimistic scenario $26.41. It is a calculation from audited fundamentals, not an analyst target.
What is the FinecoBank Banca Fineco S.p.A stock forecast for 2026?
Our models put fair value at $21.12, about −53% upside versus a price of $45.13 (overvalued). Cautious scenario $15.84, optimistic scenario $26.41. The calculation is refreshed regularly with new filings.
What is the revenue of FinecoBank Banca Fineco S.p.A (FNBKY)?
FinecoBank Banca Fineco S.p.A reported trailing-twelve-month revenue of about €1.3B (latest available figure, as of Oct 3, 2026).
Does FinecoBank Banca Fineco S.p.A pay a dividend?
FinecoBank Banca Fineco S.p.A currently shows a dividend yield of about 3.43% relative to its recent price (as of Oct 3, 2026).
What growth is priced into FinecoBank Banca Fineco S.p.A (FNBKY)?
For today's price to be fair in a discounted-cash-flow model, FinecoBank Banca Fineco S.p.A would have to grow free cash flow by -3.5 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.7 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of FNBKY use?
Our models discount FinecoBank Banca Fineco S.p.A at 8.5 %: a base by market capitalisation (large), damped by beta 0.70, country premium for USA. 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 S.p.A that is -3.5 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has FinecoBank Banca Fineco S.p.A (FNBKY) delivered so far?
Over the past 5 years revenue at FinecoBank Banca Fineco S.p.A grew +10.7 % a year. The price currently implies -3.5 % 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 S.p.A (FNBKY) 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 S.p.A (-3.5 % 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 S.p.A (FNBKY)?
The free-cash-flow yield on the price is 7.47 %: that much free cash flow FinecoBank Banca Fineco S.p.A produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), 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 S.p.A (FNBKY)?
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 S.p.A it is $21.12 per share (as of Oct 3, 2026), against a price of $45.13. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is FinecoBank Banca Fineco S.p.A stock overvalued or undervalued in 2026?
As of Oct 3, 2026, FNBKY trades above its calculated fair value: price $45.13, fair value $21.12, a gap of about −53% (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 FNBKY?
No. The price is what the market pays today ($45.13); the fair value is what the company's own numbers justify ($21.12). For FinecoBank Banca Fineco S.p.A the two are $24.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is FinecoBank Banca Fineco S.p.A worth?
The market values FinecoBank Banca Fineco S.p.A at about $16.4B (market capitalisation, as of Oct 3, 2026). Per share that is $45.13; our models calculate a fair value of $21.12 per share.
What do the bullish and bearish scenarios say about FNBKY?
Our models span a range for FinecoBank Banca Fineco S.p.A: cautious scenario $15.84, base $21.12, optimistic $26.41 per share (as of Oct 3, 2026, price $45.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FNBKY?
FinecoBank Banca Fineco S.p.A trades at a price-to-earnings ratio of 18.3 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $21.12 is built from several models across several years. Other multiples: P/B 6.4, P/S 12.4, EV/EBITDA 16.1.
How solid is the balance sheet of FinecoBank Banca Fineco S.p.A (FNBKY)?
Balance-sheet figures for FinecoBank Banca Fineco S.p.A (as of Oct 3, 2026): return on equity 24.6%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is FNBKY from its 52-week high?
FinecoBank Banca Fineco S.p.A trades at $45.13, about 27% below its 52-week high of $62.00 and 9% above the low of $41.33 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $21.12 is for.
Which stocks are comparable to FinecoBank Banca Fineco S.p.A?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, 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 S.p.A stock attractive at the current price?
The data as of Oct 3, 2026: price $45.13, calculated fair value $21.12 (−53%), Quality Score 60/100, 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 FNBKY calculated?
We run FinecoBank Banca Fineco S.p.A 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 $21.12, 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 14.5 % above its aggregate fair value. FinecoBank Banca Fineco S.p.A 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 S.p.A (FNBKY)?
The closing price on Oct 2, 2026 was $45.13. Our model-based fair value is $21.12, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FinecoBank Banca Fineco S.p.A right now?
The price sits above even our optimistic bull case ($26.41). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. 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 S.p.A (FNBKY) come from?
Earnings per share at FinecoBank Banca Fineco S.p.A grew +14.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin +4.9 %, tax rate +0.4 %, residual (interest, one-offs) +0.0 %. 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 S.p.A
How large is the market capitalisation of FinecoBank Banca Fineco S.p.A (FNBKY)?
The market capitalisation of FinecoBank Banca Fineco S.p.A is $16.4B. 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 S.p.A (FNBKY)?
The price-to-sales ratio of FinecoBank Banca Fineco S.p.A is 9.01 (P/E × margin). 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 S.p.A (FNBKY)?
Earnings per share at FinecoBank Banca Fineco S.p.A are $2.46 (price ÷ EPS = P/E 18.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FinecoBank Banca Fineco S.p.A (FNBKY)?
The dividend yield of FinecoBank Banca Fineco S.p.A is 3.4% (payout 62.9%). 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 S.p.A (FNBKY)?
The net margin of FinecoBank Banca Fineco S.p.A is 49.1% (fiscal year 2025). 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 S.p.A (FNBKY)?
The return on equity (ROE) of FinecoBank Banca Fineco S.p.A is 24.6% (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 S.p.A (FNBKY)?
On an EBIT basis the return on assets of FinecoBank Banca Fineco S.p.A 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 S.p.A (FNBKY)?
The operating margin of FinecoBank Banca Fineco S.p.A is 70.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FinecoBank Banca Fineco S.p.A (FNBKY)?
Revenue at FinecoBank Banca Fineco S.p.A is growing +4.2% versus a year earlier (3y avg +4.6%). 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 S.p.A (FNBKY)?
Earnings per share at FinecoBank Banca Fineco S.p.A are growing +2.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does FinecoBank Banca Fineco S.p.A (FNBKY) hold?
FinecoBank Banca Fineco S.p.A holds more cash than debt, €213M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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