CE Stock Analysis: Credito Emiliano S.p.A | MI

Banks - Regional | MI, Italy | Market Cap: 6.015m EUR | 12M Return: -16% | Charts, Fundamentals & Technical Analysis

Commercial Banking, Wealth Management, Consumer Credit, Private Banking
Total Rating 24
Safety 43
Buy Signal -0.04
Banks - Regional
Industry Rotation: +3.8
Market Cap: 6.86B
Avg Turnover: 3.50M
Risk 3d forecast
Volatility19.4%
VaR 5th Pctl3.44%
VaR vs Median7.38%
Reward TTM
Sharpe Ratio1.80
Rel. Str. IBD16.1
Rel. Str. Peer Group1.3
Character TTM
Beta0.437
Beta Downside0.165
Hurst Exponent0.488
Drawdowns 3y
Max DD18.09%
CAGR/Max DD2.32
CAGR/Mean DD16.19
EPS (Earnings per Share) EPS (Earnings per Share) of CE over the last years for every Quarter: "2021-06": 0.22, "2021-09": 0.4104, "2021-12": 0.2271, "2022-03": 0.2258, "2022-06": 0.2316, "2022-09": 0.1964, "2022-12": 0.2774, "2023-03": 0.3971, "2023-06": 0.4829, "2023-09": 0.4133, "2023-12": 0.3619, "2024-03": 0.4732, "2024-06": 0.4785, "2024-09": 0.4764, "2024-12": 0.3939, "2025-03": 0.6731, "2025-06": 0.4183, "2025-09": 0.3944, "2025-12": 0.3389, "2026-03": null,
EPS CAGR: 17.03%
EPS Trend: 83.2%
Qual. Beats: 0
Revenue Revenue of CE over the last years for every Quarter: 2021-06: 342.34, 2021-09: 329.944, 2021-12: 449.731, 2022-03: 392.788, 2022-06: 379.455, 2022-09: 355.374, 2022-12: 431.3, 2023-03: 496.686, 2023-06: 522.817, 2023-09: 474.648, 2023-12: 731.305, 2024-03: 554.387, 2024-06: 554.364, 2024-09: 492.509, 2024-12: 597.346, 2025-03: 507.888, 2025-06: 526.409, 2025-09: 483.084, 2025-12: 558.113, 2026-03: 536.953,
Rev. CAGR: 1.92%
Rev. Trend: 23.0%
Last SUE: 0.33
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Supp Ema8

Seasonality 10.5 years of data

Jan +1.1% 15
Feb +0.6% 16
Mar -4.2% 29
Apr +1.3% 12
May +3.3% 16
Jun -0.7% 0
Jul +3.2% 41
Aug -1.6% 36
Sep -0.8% 12
Oct -2.6% 23
Nov +0.9% 19
Dec -3.6% 40

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: CE Credito Emiliano S.p.A

Credito Emiliano S.p.A. (CE) is an Italian regional bank founded in 1910 and headquartered in Reggio Emilia, operating as a subsidiary of Credito Emiliano Holding S.p.A. The company provides a diversified range of financial services, including commercial banking, private banking, consumer credit, parabanking, and wealth management encompassing mutual funds, SICAVs, asset management, private equity, and hedge funds. Its additional offerings include leasing, factoring, insurance intermediation, financial leasing (covering instrumental, real estate, and naval assets), mortgage and salary-secured lending, factoring, and various digital banking services such as current accounts, cards, and payment solutions. Credito Emiliano serves retail clients, wealth management customers, and small and medium-sized enterprises (SMEs) through a network of financial advisors and branches across Italy.

As a mid-cap Italian regional bank (GICS Sub Industry: Regional Banks), Credito Emiliano operates within Italys multi-tiered banking system, where regional and mid-sized institutions have historically maintained strong local relationships with SMEs-a segment that represents a significant share of Italys economy. The companys diversified business model, spanning traditional lending alongside asset management and specialized services like naval leasing, reflects a common strategy among Italian regional banks seeking to offset margin pressure from low domestic interest rates by generating fee-based income from wealth management and ancillary financial services.

Headlines to Watch Out For
  • Net interest margin widens as ECB holds rates steady
  • Wealth management and advisory fees accelerate on AUM growth
  • Italian SME loan demand supports core banking volume
  • BTP spread compression lifts value of sovereign bond holdings
Piotroski VR-10 (Strict) 1.5
Net Income: 531.7m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -0.95 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -0.04 > 3% & CFO -2.53b > Net Income 531.7m
Net Debt/EBITDA: error (cannot be calculated)
Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities)
Outstanding Shares: last quarter (339.6m) vs 12m ago -0.29% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 3.21% > 50% (prev 3.35%; Δ -0.15% > 0%)
Interest Coverage Ratio: 2.47 > 6 (EBIT TTM 1.32b / Interest Expense TTM 535.7m)
What is the price of CE shares?

As of July 08, 2026, the stock is trading at EUR 17.73 with a total of 121,627 shares traded. Over the past week, the price has changed by +5.99%, over one month by -0.81%, over three months by -23.39% and over the past year by -16.03%.

Current recommended Stop Loss: 17.30 (which is 2.4% or 1.5 ATR below the current price).

Is CE a buy, sell or hold?

Credito Emiliano S.p.A has no consensus analysts rating.

Credito Emiliano S.p.A (CE) - Fundamental Data Overview as of 08 July 2026
Market Cap USD = 6.86b (6.02b EUR * 1.1405 EUR.USD)
P/E Trailing = 11.2803
P/E Forward = 8.7336
P/S = 3.2875
P/B = 1.3141
P/EG = 1.1088
Revenue TTM = 2.10b EUR
EBIT TTM = 1.32b EUR
EBITDA TTM = 1.44b EUR
 Long Term Debt = unknown (none)
 Short Term Debt = unknown (none)
 Debt = unknown
 Net Debt = unknown
 Enterprise Value = 4.70b EUR (6.02b + (null Debt) - CCE 1.32b)
Interest Coverage Ratio = 2.47 (Ebit TTM 1.32b / Interest Expense TTM 535.7m)
EV/FCF = -1.79x (Enterprise Value 4.70b / FCF TTM -2.63b)
FCF Yield = -55.96% (FCF TTM -2.63b / Enterprise Value 4.70b)
 FCF Margin = -124.9% (FCF TTM -2.63b / Revenue TTM 2.10b)
 Net Margin = 25.26% (Net Income TTM 531.7m / Revenue TTM 2.10b)
 Gross Margin = unknown ((Revenue TTM 2.10b - Cost of Revenue TTM 0.0) / Revenue TTM)
 Tobins Q-Ratio = 0.07 (Enterprise Value 4.70b / Total Assets 67.1b)
 Interest Expense / Debt = unknown (Interest Expense 535.7m / Debt none)
 Taxrate = 32.61% (257.3m / 789.0m)
NOPAT = 892.7m (EBIT 1.32b * (1 - 32.61%))
 Current Ratio = unknown (Total Current Assets 1.32b / Total Current Liabilities none)
 Debt / Equity = unknown (Debt none)
 Debt / EBITDA = unknown (Net Debt none / EBITDA 1.44b)
 Debt / FCF = unknown (Net Debt none / FCF TTM -2.63b)
 Total Stockholder Equity = 4.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.81% (Net Income 531.7m / Total Assets 67.1b)
RoE = 11.70% (Net Income TTM 531.7m / Total Stockholder Equity 4.55b)
 RoCE = unknown (EBIT 1.32b / Capital Employed )
 RoIC = unknown (NOPAT 892.7m, Invested Capital 0.0, EBIT 1.32b)
 WACC = 7.52% (E(6.02b)/V(6.02b) * Re(7.52%) + (debt-free company))
Discount Rate = 7.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 23.57 | Cagr: 0.72%
 [DCF] Fair Price = unknown (Cash Flow -2.63b)
 EPS Correlation: 83.25 | EPS CAGR: 17.03% | SUE: N/A | # QB: 0
Revenue Correlation: 23.00 | Revenue CAGR: 1.92% | SUE: 0.33 | # QB: 0
EPS current Quarter (2026-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=1.49 | Chg30d=+1.28% | Revisions=+17% | GrowthEPS=-3.0% | GrowthRev=+2.8%
EPS next Year (2027-12-31): EPS=1.57 | Chg30d=+0.53% | Revisions=+50% | GrowthEPS=+5.0% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +44% (up=5, down=1)