Intesa Sanpaolo
ISP: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€2.40 | Wtv | Zzsphppcq |
Intesa Sanpaolo Resumes Coverage With a Fair Value Estimate of EUR 3.00 per Share
We estimate that Intesa Sanpaolo has a fair value of EUR 3.00 per share, equal to 1.3 times Intesa's 2022 tangible book value and 8 times the EPS we estimate Intesa will record for 2023. We estimate that Intesa can generate a midcycle return on tangible equity of around 13%.