Banca IFIS (IF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Banca IFIS €25.25, price €14.70, upside +71.7%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 23, 2026.
How to read this chart
60‑month range €7.16 – €26.32 · fair‑value band €21.32 – €46.67 · the €14.70 price screens below the €25.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Banca IFIS S.p.A. provides financial services and solutions for enterprises.
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Banca IFIS S.p.A. provides financial services and solutions for enterprises. The company provides saving and current accounts, time deposits, and insurance; factoring, advisory and equity investment, structured finance, leasing, and medium/long term loans for industrial investments; salary-backed loan technology rental services; financial advisory/M&A; and factoring import/export, import/export loans, and other foreign banking services. It also engages in the purchase and management of non-performing loan portfolios. Banca IFIS S.p.A. was founded in 1983 and is headquartered in Mestre, Italy.
Stock analysis
Banca IFIS (IF) currently trades at €14.70, while our model-based Fair Value estimate is €25.25, implying the stock looks roughly 41.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €48.59 per share, and 6 of the 6 models we run sit above the €14.70 price.
Bear case: the Asset-Based group reads lowest at €23.25, and 0 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: €21.32 (bear) to €46.67 (bull), the price of €14.70 sits below 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 25/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Banca IFIS reported revenue of €836M in FY2025 versus €507M in FY2021, a compound +13.3%/yr. Reported net income was €328M in FY2025, compounding +34.4%/yr from FY2021.
Key figures
Market cap €909M · P/E ratio 3.5 · P/S ratio 1.37 · EPS (TTM) €4.22 · Dividend yield 14.4% · Net margin 39.2% · Return on equity 12.9% · Return on assets (EBIT) 1.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 72%, IF screens cheaper than that median.
Fair Value models
Bear €21.32Fair Value €25.25Bull €46.67
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 (€2.35 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.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.
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.65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+37.7%
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.
+13.7%
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.
+11.3%
Start year 2020 (pandemic). Over 10 years: +7.6% a year
Revenue growth 25 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.
−12.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+44.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.6%
Dividend (yield on the price)14.4%
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.23% vs 6%, picking up
Profit margin 2018 to 2023 ⓘ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.66% → 0%
2025 sits 74% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
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 · 1074 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside+72% · Top 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets1% · Top 25%
Net margin (TTM)37% · Above median
Operating margin (TTM)−6% · Bottom 25%
Growth and dividend
Revenue growth−25% · Bottom 25%
Dividend yield (TTM)14.4% · Top 25%
Balance sheet
Debt / equity2.09× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Banca IFIS Fair Value". https://www.fairvalue-calculator.com/stock/IF
Frequently asked questions
Is Banca IFIS (IF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €25.25 versus a price of €14.70, about +72% upside (undervalued).
What is the fair value of IF?
Our model-based fair value for Banca IFIS is €25.25 (as of Sep 23, 2026), built from audited fundamentals. The current price: €14.70.
What is the quality score of IF?
Banca IFIS has a Quality Score of 25/100. 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 Banca IFIS (IF)?
Our model-based price target is the fair value of €25.25 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario €21.32, optimistic scenario €46.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Banca IFIS stock forecast for 2026?
Our models put fair value at €25.25, about +72% upside versus a price of €14.70 (undervalued). Cautious scenario €21.32, optimistic scenario €46.67. The calculation is refreshed regularly with new filings.
What is the revenue of Banca IFIS (IF)?
Banca IFIS reported trailing-twelve-month revenue of about €716M (latest available figure, as of Sep 23, 2026).
Does Banca IFIS pay a dividend?
Banca IFIS currently shows a dividend yield of about 14.42% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Banca IFIS (IF)?
For today's price to be fair in a discounted-cash-flow model, Banca IFIS would have to grow free cash flow by more than 80 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of IF use?
Our models discount Banca IFIS at 12.6 %: a base by market capitalisation (small), 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 Banca IFIS that is more than 80 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Banca IFIS (IF) delivered so far?
Over the past 5 years revenue at Banca IFIS grew +11.3 % a year. The price currently implies more than 80 % 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 Banca IFIS (IF) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Banca IFIS (more than 80 % 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 Banca IFIS (IF)?
The free-cash-flow yield on the price is 2.17 %: that much free cash flow Banca IFIS produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Banca IFIS (IF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banca IFIS it is €25.25 per share (as of Sep 23, 2026), against a price of €14.70. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Banca IFIS stock overvalued or undervalued in 2026?
As of Sep 23, 2026, IF trades below its calculated fair value: price €14.70, fair value €25.25, a gap of about +72% (undervalued). 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 IF?
No. The price is what the market pays today (€14.70); the fair value is what the company's own numbers justify (€25.25). For Banca IFIS the two are €10.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banca IFIS worth?
The market values Banca IFIS at about €909M (market capitalisation, as of Sep 23, 2026). Per share that is €14.70; our models calculate a fair value of €25.25 per share.
What do the bullish and bearish scenarios say about IF?
Our models span a range for Banca IFIS: cautious scenario €21.32, base €25.25, optimistic €46.67 per share (as of Sep 23, 2026, price €14.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IF?
Banca IFIS trades at a price-to-earnings ratio of 3.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €25.25 is built from several models across several years. Other multiples: P/B 0.5, P/S 1.5.
How solid is the balance sheet of Banca IFIS (IF)?
Balance-sheet figures for Banca IFIS (as of Sep 23, 2026): return on equity 12.9%, debt of 2.09 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is IF from its 52-week high?
Banca IFIS trades at €14.70, about 44% below its 52-week high of €26.32 and 20% above the low of €12.22 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €25.25 is for.
Which stocks are comparable to Banca IFIS?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Banca IFIS stock attractive at the current price?
The data as of Sep 23, 2026: price €14.70, calculated fair value €25.25 (+72%), Quality Score 25/100, 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 IF calculated?
We run Banca IFIS 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 €25.25, 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 14.1 % above its aggregate fair value. Banca IFIS currently trades 72 % below its own fair value, and the market average says nothing about that. 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 Banca IFIS (IF)?
The closing price on Sep 23, 2026 was €14.70. Our model-based fair value is €25.25, about +72% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banca IFIS right now?
The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€21.32). The market is more pessimistic than our downside scenario. A fairly wide model range (€21.32 to €46.67) 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 Banca IFIS (IF) come from?
Earnings per share at Banca IFIS grew +4.2 % a year from 2012 to 2023. Broken into its drivers: revenue per share +8.7 %, EBIT margin −6.3 %, tax rate +0.8 %, residual (interest, one-offs) +1.4 %. 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 Banca IFIS
How large is the market capitalisation of Banca IFIS (IF)?
The market capitalisation of Banca IFIS is €909M. 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 Banca IFIS (IF)?
The price-to-sales ratio of Banca IFIS is 1.37 (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 Banca IFIS (IF)?
Earnings per share at Banca IFIS are €4.22 (price ÷ EPS = P/E 3.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banca IFIS (IF)?
The dividend yield of Banca IFIS is 14.4% (payout 50.2%). 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 Banca IFIS (IF)?
The net margin of Banca IFIS is 39.2% (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 Banca IFIS (IF)?
The return on equity (ROE) of Banca IFIS is 12.9% (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 Banca IFIS (IF)?
On an EBIT basis the return on assets of Banca IFIS is 1.8% (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 Banca IFIS (IF)?
The operating margin of Banca IFIS is −5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banca IFIS (IF)?
Revenue at Banca IFIS is growing −25.3% versus a year earlier (3y avg +13.7%). 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 Banca IFIS (IF)?
Earnings per share at Banca IFIS are growing +905% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Banca IFIS (IF) carry?
The net debt of Banca IFIS is €2.7B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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