Intesa Sanpaolo S.p.A.

Factors to consider:

• Company pays dividends (annually): last record date 2025-11-25, amount 0.21$ (Y3.13%)
• Current price 29.3% above estimated high
• Earnings for 9 months up through Q3 exceed our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [3.86$, 5.20$]
• 2025-12-31 to 2026-12-31 estimated range: [4.40$, 5.90$]

Financial Metrics affecting the IITSF estimates:

• Positive: with PPE of 7.8 at the end of fiscal year the price was very low
• Positive: Operating profit margin, % of 26.91 > 18.64
• Negative: Operating cash flow per share per price, % of -57.13 <= 0.33
• Positive: Industry operating cash flow per share per price (median), % of 10.66 > 10.33
• Negative: Shareholder equity ratio, % of 6.98 <= 18.93
• Negative: Investing cash flow per share per price, % of -1.77 <= -0.66
• Negative: -0.15 < Industry inventory ratio change (median), % of 0
• Positive: Industry operating profit margin (median), % of 19.98 > 9.92