Mediobanca Banca di Credito Finanziario SpA MDIBY

FinancialsBanking ServicesItaly

Last close 28.60 USD on Nov 2, 2026, +42.6% year to date

Quant rating

Quant rating B Rank 113 of 304 in Financials

Growth C 196 of 304
Valuation D 259 of 304
Quality B 114 of 304
Revisions A 39 of 304
Momentum B 82 of 304

Wall Street consensus Hold (3.00)Average target 29.25 USD +2.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 23.2B
Enterprise value: 75.9B
52-week range: 17.66 – 33.49
3-year range: 11.43 – 33.49
Dividend yield: 4.99%
Beta (5 years): 0.71
Shares outstanding: 813M
Next earnings: Nov 7, 2026

About the company

Mediobanca Banca di Credito Finanziario SpA is an Italy-based bank. Together with its subsidiaries, the Company's activities are divided into three main segments: Corporate and Investment Banking (CIB), Consumer Banking and Wealth Management. The Corporate and Investment Banking (CIB) segment is focused on serving companies of different sizes, with a full range of product offering from lending to advisory, capital markets, leasing, credit management and factoring. The Consumer Banking segment includes personal loans, credit cards and salary-backed finance. The Wealth Management segment offers savings, investment and asset management products, mortgage services and fund management activities. It operates through Banca Esperia SpA, Cairn Capital Group Ltd and Compass Banca SpA, among others.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,175	4,256	3,092	1,937	2,157	–
Revenue growth	−48.9%	37.7%	59.6%	−10.2%	−1.2%	−0.1%
EPS (basic, normalized)	0.94	1.65	1.37	1.14	1.30	–
EPS growth	−43.0%	20.4%	20.4%	−12.6%	31.5%	−1.0%
Gross margin	–	–	–	–	–	–
Net margin	27.7%	32.1%	36.2%	49.1%	44.4%	37.9%
ROE	–	11.8%	11.3%	9.3%	8.4%	10.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	2,175	−48.9%	34.9x	15.70	+3.8%	1.8x	1.87	+13.4%	15.3x
2026	4,187	+92.5%	18.1x	15.80	+0.7%	1.8x	1.97	+5.2%	14.5x
2027	4,405	+5.2%	17.2x	15.08	−4.6%	1.9x	2.15	+8.9%	13.3x
2028	4,631	+5.1%	16.4x	15.53	+2.9%	1.8x	2.30	+7.2%	12.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	4,187	+0.3%	+0.3%	−0.1%	1.97	+2.6%	+2.6%	+4.9%
2027	4,405	+0.4%	+0.4%	−0.3%	2.15	+0.9%	+3.9%	+5.5%
2028	4,631	+0.4%	+0.9%	0.0%	2.30	+0.7%	+3.5%	+7.7%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	898	979	865	983	920	951	–	–	–	–
Sales mean (mil)	879	931	871	900	895	958	–	–	–	–
Surprise	+2.2%	+5.1%	−0.8%	+9.2%	+2.8%	−0.7%	–	–	–	–
EPS reported	0.39	0.42	0.40	0.40	0.40	–	–	–	–	–
EPS mean	0.36	0.36	0.40	0.37	0.38	0.41	–	–	–	–
Surprise	+7.4%	+15.8%	0.0%	+7.7%	+5.3%	–	–	–	–	–

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
MDIBY Mediobanca Banca di Credito Finanziario SpA	23.2B	–	27.7%	0.46x	14.5x	13.3x	1.8x	1.9x
AER AerCap Holdings N.V.	24.4B	–	48.7%	–	8.1x	8.7x	1.2x	1.1x
SYF Synchrony Financial	23.9B	14.5%	15.3%	0.87x	8.1x	7.4x	1.6x	1.4x
BKRKY Bank Rakyat Indonesia (Persero) Tbk PT	23.4B	–	27.3%	1.04x	357.3x	335.6x	64.1x	61.5x
BNNCY Banco BPM SpA	22.9B	–	36.0%	0.85x	41.1x	38.0x	5.5x	5.3x
KEY KeyCorp	22.7B	12.8%	20.1%	1.41x	11.4x	9.8x	1.4x	1.3x
Mean		13.6%	29.2%	0.93x	73.4x	68.8x	12.6x	12.1x
Median		13.6%	27.5%	0.87x	12.9x	11.6x	1.7x	1.7x

Technical analysis

1M−7.5%
3M−10.8%
1Y+60.8%
3Y+200.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Mediobanca Banca di Credito Finanziario SpA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	2,175	4,256	3,092	1,937	2,157	2,183
Total interest expense	1,142	2,170	1,120	371	477	564
Net interest income	1,033	2,086	1,972	1,566	1,681	1,619
Loan loss provision	97.3	137	140	113	200	364
Net interest income after loan loss provision	935	1,949	1,833	1,453	1,480	1,255
Non-interest income	1,099	1,974	1,699	1,614	1,628	1,338
Non-interest expense	−1,255	−2,090	−1,978	−1,850	−1,827	−1,678
Net income before taxes	779	1,832	1,554	1,218	1,281	915
Provision for taxes	177	465	431	264	322	240
Minority interest & equity in affiliates	−0.8	−3.4	−3.3	−2.8	−1.9	−1.2
Other	0	0	0	0	0	0
Net income before extraordinary items	602	1,364	1,120	951	957	674
Extraordinary items	–	–	–	–	–	–
Net income	602	1,364	1,120	951	957	674
Basic weighted average shares (mil)	806	827	841	839	862	861
Diluted weighted average shares (mil)	806	833	845	843	867	866
Basic EPS excluding extraordinary items	0.75	1.65	1.33	1.13	1.11	0.78
Basic EPS, normalized	0.94	1.65	1.37	1.14	1.30	0.99

Balance sheet in millions of USD, fiscal years

Balance sheet, Mediobanca Banca di Credito Finanziario SpA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	1,966	3,601	4,623	8,992	2,335	3,616
Other earning assets	28,046	26,786	20,048	16,895	21,283	15,776
Net loans	83,571	68,733	68,248	63,002	67,099	62,846
Property, plant & equipment	1,357	537	524	474	530	485
Goodwill	931	886	627	647	714	749
Intangibles	271	234	242	232	168	168
Long-term investments	4,974	4,059	3,888	3,310	4,390	3,599
Other long-term assets	570	809	1,114	626	698	738
Other assets	2,818	655	664	755	705	692
Total assets	124,504	106,301	99,978	94,933	97,920	88,669
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	456	316	327	267	293	238
Total deposits	38,695	32,938	39,158	41,577	40,973	35,611
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	13,774	10,855	4,480	5,208	2,400	3,301
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	45,332	36,121	28,923	23,846	26,967	27,555
Minority interest	17.1	92.3	114	106	105	103
Other liabilities	12,801	14,025	14,620	12,769	14,127	11,025
Total liabilities	111,076	94,348	87,623	83,773	84,865	77,832
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	522	476	485	465	526	498
Additional paid-in capital	2,075	2,352	2,395	2,301	2,603	2,466
Retained earnings (accumulated deficit)	10,980	9,271	9,494	8,192	9,080	7,712
Treasury stock	−121	−73.7	−86.1	−252	−257	−260
Other equity	−27.0	−73.5	67.8	454	1,104	421
Total equity	13,428	11,953	12,356	11,160	13,056	10,836
Total liabilities & shareholders' equity	124,504	106,301	99,978	94,933	97,920	88,669

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Mediobanca Banca di Credito Finanziario SpA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	810	−1,954	−4,934	4,308	−1,150	2,439
Cash from operations	1,461	471	−3,449	5,394	−113	3,303
Investing activities
Capital expenditures	−43.5	−93.9	−83.1	−61.4	−65.1	−54.8
Other investing cash flows	15.5	114	269	338	246	114
Cash from investing	−28.0	20.4	186	276	181	59.1
Financing activities
Financing cash flow items	–	–	–	–	–	–
Cash dividends paid	−631	−1,235	−692	−608	−4.4	−457
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−50.1	−194	0	−253	0	−119
Cash from financing	−681	−1,430	−692	−861	−4.4	−575
Foreign exchange effects	0	–	–	–	–	0
Net change in cash	752	−938	−3,954	4,809	63.4	2,787
Free cash flow	1,417	377	−3,532	5,332	−178	3,249

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.