What is Intesa Sanpaolo S.p.A. (ISNPY)'s fair-value range?

EvidInvest reads Intesa Sanpaolo S.p.A. (ISNPY)'s market price back into the assumptions behind it — the implied P/E, growth rate and cash yield — using its latest filed financials, then lets you set your own. See the full DCF, Graham number, EPV and multiple-based methods at https://evidinvest.com/valuation/ISNPY.

How is Intesa Sanpaolo S.p.A. (ISNPY)'s fair value calculated?

Intesa Sanpaolo S.p.A. (ISNPY)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples such as PE and EV/EBITDA — using EvidInvest's standardized annual and quarterly statements for the company. P/B is optional for non-financial companies and included in the preset range for financial sectors.

Which filing are Intesa Sanpaolo S.p.A. (ISNPY)'s valuation inputs based on?

Inputs come from the FY2025 20-F. Source: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=ISNPY&type=10-K

Fair value · Intesa Sanpaolo S.p.A. (ISNPY) · updated 2026-10-29 · from 20-F FY2025

Intesa Sanpaolo S.p.A. trades at $48.12. That price implies a P/E of 2.1× and 0.8% yearly EPS growth for a decade.

Name: Intesa Sanpaolo S.p.A. (ISNPY) valuation inputs and fair-value methods
Creator: EvidInvest
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Previous close (2026-04-02)

Statements filed in EUR, converted to USD at the 2025-12-31 period-end rate (0.85106 EUR per USD; ECB reference rates).

Are those assumptions reasonable? Use ISNPY’s filed growth history and the AI chat to decide, then set your own inputs below — the range you build is yours.

What the price implies

P/E: 2.1×
EPS growth: 0.8%

Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings. This price: Previous close (2026-04-02).

Set your own assumptions ↓See how each method got its number Check another stock

Inputs come from the FY2025 20-F; set your own on the sliders below. Research, not investment advice.

The filing behind these numbers

Intesa Sanpaolo S.p.A.

Revenue: EUR 46.0B
Diluted EPS: EUR 19.08
Free cash flow: EUR 17.6B; operating cash flow − capital expenditure
Diluted shares: 493.8M; weighted average

20-F FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q2 FY2026 (filed 2026-06-30).

Open the 20-F list on sec.gov

Valuation tool: build your own ISNPY range

Fair Value Summary

Daily Price — ISNPY

$36.99 -10.5% (1Y)

Range implied by today’s price1 of 8 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

Every method that could be solved backwards opens on the assumption today’s price makes, so the top range sits on the price — that is arithmetic, not a view. Change any input and it becomes yours.

We don’t tell you what ISNPY is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has ISNPY’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

$423.91per share

781% above the $48.12 price· outside the ±300% band, left out of the range

Your stage-1 FCF growth (60.0%) is above the -26.5% the price implies — your value lands 781% above the price.

Preset inputs — revenue-driven DCF from the latest filing

Two-stage FCF model at the same filed inputs: $10931.23 — move any slider below and that model takes over.

Implied by today’s price

At $48.12 the market implies a stage-1 FCF growth of -26.5%. (two-stage FCF model solved for stage-1 growth at 6.53% WACC)

The price implies stage-1 FCF growth of -26.5%, outside the range this slider covers. Showing preset inputs.

Implied discount rate (holding growth): 60.6% · the WACC that makes the same model print the price

That is the assumption the market is making — not ours, and not a recommendation. Decide whether it is reasonable: the growth matrix shows what ISNPY has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth60.0%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%90.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth7.9%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)6.53%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $1,232,729M · PV terminal $4,286,514M · EV $5,519,243M · equity $5,400,026M

Year	Stage	FCF	Present value
1	Stage 1	$33,099M	$31,070M
2	Stage 1	$52,959M	$46,665M
3	Stage 1	$84,734M	$70,088M
4	Stage 1	$135,574M	$105,266M
5	Stage 1	$216,919M	$158,102M
6	Stage 2	$234,056M	$160,135M
7	Stage 2	$252,546M	$162,195M
8	Stage 2	$272,497M	$164,281M
9	Stage 2	$294,024M	$166,393M
10	Stage 2	$317,252M	$168,533M

Inputs from the filing

Statements filed in EUR, converted to USD at the 2025-12-31 period-end rate (0.85106 EUR per USD; ECB reference rates).

Free cash flow: $0; sum of the last four quarters
EBIT: $14.9B; latest annual
Shares: 483.0M
Total debt: $163.7B
Cash: $44.5B
Net debt: $119.2B; debt − cash

20-F FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for ISNPY

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Intesa Sanpaolo S.p.A. trades at $48.12. That price implies a P/E of 2.1× and 0.8% yearly EPS growth for a decade.

The filing behind these numbers

Valuation tool: build your own ISNPY range

Daily Price — ISNPY

Range implied by today’s price1 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

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Valuation tool: build your own ISNPY range

Daily Price — ISNPY

Range implied by today’s price1 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on ISNPY

Compare with peers

Explore