EN DE

Intesa Sanpaolo SpA (ISP) Fair Value & Analysis

Financial Services · IT · Market cap €120B · ISIN IT0000072618

What is Intesa Sanpaolo SpA really worth?

IS Intesa Sanpaolo SpA ISP · MI
Price€6.74
Fair Value€5.66
Upside−16.0%
Quality61/100

A solid business, but trading 19% above our fair value of €5.66.

Watch Intesa Sanpaolo SpA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Healthy Growth (revenue 5y +7.5 %/yr)
Highly profitable · 37.0% net margin
Wide moat 72/100

Risks

!High debt · generates free cash flow
!Mixed vs. peers (7/14)
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 12 out of 100
!Weak on future: 19 out of 100

For context

·5.30% dividend yield
Evidence: Medium Range €4.25 – €7.08

Fair value as of: Aug 30, 2026

From 6 valuation models · updated 6 days ago

Share price −0.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid but not exceptional quality (61/100) 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.

Price vs Fair Value (5 years)

€6.92 €1.17 Fair Value €5.66 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range €1.17 – €6.92 · fair‑value band €4.25 – €7.08 · the €6.74 price screens above the €5.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Intesa Sanpaolo SpA (ISP) currently trades at €6.74, while our model-based Fair Value estimate is €5.66, implying the stock looks roughly 19.0% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of €5.21 per share, and 1 of the 6 models we run sit above the €6.74 price. Bear case: the Asset-Based group reads lowest at €2.49, and 5 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Intesa Sanpaolo SpA generated revenue of €25.7B at a net margin of 36.8%. Revenue grew 6.0% year over year. It earns a return on equity of 14.0%. Net debt stands at €91.1B. Fundamentals as of Aug 30, 2026

Our scenario range runs from €4.25 (bear case) to €7.08 (bull case); at €6.74, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at −16%, ISP screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.1238 per share, which is 2.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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
Highest evidence
Residual Income best evidence €3.66 €4.48 €8.74 72
Gordon GGM €3.31 €4.91 €6.58 68
DDM Multi-Stage €3.31 €4.71 €6.31 67
All 6 models by family
Dividend Discount
Gordon GGM €3.31 €4.91 €6.58 68
DDM Multi-Stage €3.31 €4.71 €6.31 67
Multiples
P/E Multiple €5.18 €6.91 €8.64 63
P/B Multiple €3.91 €5.21 €6.51 55
Asset-Based
NCAV (Graham) €1.86 €2.49 €3.72 54
Economic Profit
Residual Income best evidence €3.66 €4.48 €8.74 72

Widest divergence: Multiples (€5.21) versus Asset-Based (€2.49). Highest evidence: Residual Income (72).

Notify me when ISP reaches fair value

Put ISP on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 12.0
P/S ratio 3.93 P/E × margin
EPS (TTM) €0.5600 price ÷ EPS = P/E 12.0
Dividend yield 5.3% payout 63.8%
Net margin 32.7% FY2025
Return on equity 14.3% TTM
More key figures
Profitability
Return on assets (EBIT) 0.8% avg 5y
Operating margin 59.7% TTM
Growth
Revenue (TTM) €26.1B TTM
Revenue growth (YoY) +3.7% 3y avg +8.3%
EPS growth (YoY) +10.3%
Balance sheet & cash flow
Free cash flow €6.6B FY2025
Net debt €91.1B FY2025 · ≈ 13.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 55 · Market factors (momentum, volatility) 78

Profitability 37
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Intesa Sanpaolo S.p.A. engages in the provision of various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Banks, Asset Management, Private Banking, and Insurance.

Full company description

Intesa Sanpaolo S.p.A. engages in the provision of various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital market services; life and non-life insurance and pension products; asset and wealth management services; private investments; and bancassurance products. It also provides industrial loans, leases, and factoring services, as well as digital banking services. The company serves individuals, small and medium-sized businesses, non-profit customers, corporates and financial institutions, public administration, private clients and high net worth individuals, and other customers. Intesa Sanpaolo S.p.A. is headquartered in Turin, Italy.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Intesa Sanpaolo SpA reported revenue of €28.5B in FY2025 versus €22.4B in FY2021, a compound +6.2%/yr. Reported net income was €9.3B in FY2025, compounding +22.2%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€28.5B
Latest YoY
+10.4%
Avg. revenue growth/yr (3Y) 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.
+8.3%
Avg. revenue growth/yr (5Y) 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.
+7.5%
Avg. revenue growth/yr (25Y) 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.
−25.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+25.2% (19.9 + 5.3)
Revenue +6.2%/yr
FY21 €22.4B
FY22 €22.5B
FY23 €23.2B
FY24 €25.8B
FY25 €28.5B
Net income +22.2%/yr
FY21 €4.2B
FY22 €4.4B
FY23 €7.7B
FY24 €8.7B
FY25 €9.3B
Character of growth · EPS growth decomposed (2014-2024) +13.5 % p.a.
Revenue per share +1.5 %

of which total revenue +3.5 % · buybacks/dilution −2.0 %

EBIT margin −1.7 %
Tax rate +2.8 %
Residual (interest, one-offs) +10.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

ISP screens 19% overvalued. Compare with DBS Group →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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). "Intesa Sanpaolo SpA Fair Value". https://www.fairvalue-calculator.com/stock/ISP

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Banks - Regional · 1071 stocks

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.

Quality Score 63 · Top 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 14% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 37% · Above median
Operating margin (TTM) 60% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 5.3% · Top 25%
Debt / equity 2.06× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than median
P/B 2.13× · Pricier than 75% of peers
P/S (TTM) 5.33× · Pricier than 75% of peers
P/FCF 21.1× · Pricier than 75% of peers
PEG 2.01× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE12 · sector 33
FUTURE19 · sector 45
PAST57 · sector 41
HEALTH0 · sector 85
DIVIDEND100 · sector 51

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 (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD −46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
HDFC Bank Limited HDB $23.17 $24.12 +4%
BNP Paribas SA BNP €102.56 €144.64 +41%
UniCredit S.p.A UCG €84.71 €77.62 −8%
Mizuho Financial Group MFG $10.74 $9.69 −10%
ICICI Bank Limited ICICIBANK ₹1,443 ₹835.21 −42%
Oversea-Chinese Banking Corporation O39 31.07 SGD 19.80 SGD −36%
CaixaBank, S.A CABK €13.52 €8.85 −35%
The PNC Financial Services Group PNC $242.22 $192.40 −21%

Compare Intesa Sanpaolo SpA with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Intesa Sanpaolo SpA (ISP) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of €5.66 versus a price of €6.74, about −16% upside (overvalued).
What is the fair value of ISP?
Our model-based fair value for Intesa Sanpaolo SpA is €5.66 (as of Aug 30, 2026), built from audited fundamentals. The current price: €6.74.
What is the quality score of ISP?
Intesa Sanpaolo SpA has a Quality Score of 61/100. 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 revenue of Intesa Sanpaolo SpA (ISP)?
Intesa Sanpaolo SpA reported trailing-twelve-month revenue of about €25.7B (latest available figure, as of Aug 30, 2026).
What is the net profit margin of ISP?
The net profit margin of Intesa Sanpaolo SpA is about 36.8%, meaning it keeps roughly 36.8% of revenue as net income. Based on the latest reported figures.
Does Intesa Sanpaolo SpA pay a dividend?
Intesa Sanpaolo SpA currently shows a dividend yield of about 5.30% relative to its recent price (as of Aug 30, 2026).
Free · no account needed

Watch Intesa Sanpaolo SpA in the live analysis

One click puts Intesa Sanpaolo SpA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.