olivLaw · European equity research
Banca Profilo S.p.A. PRO.MI
Italy · Euronext Milan · ISIN IT0005704439 · Vertical: Listed companies from Italy
Banca Profilo is an Italian bank active in private banking, investment banking and financial trading, headquartered in Italy. In 2025 consolidated net profit rose slightly, but revenues fell under pressure from departing bankers and lower interest rates, while the AML remediation plan remains ongoing amid large asset outflows in Private Banking. The key figures are consolidated net profit of 10.0 million EUR and total Private Banking assets of 3.2 billion EUR.
At the close of 05 Nov 2026, Banca Profilo S.p.A. (PRO.MI) stock was 1.71 EUR (+3.02% on the day), with market capitalisation 1.1 m EUR, P/E 0.1 on diluted EPS of 14.00 EUR over the last 12 months, dividend yield 903.00%, beta 0.55, 52-week range 1.48–2.02 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 67.9
- strong (55–70)
- Bollinger (20, 2)
- 1.43 – 1.73
- in the upper half of the band · %B 0.91 · band width 19.0%
- SMA 50 / 200
- 1.61 / 1.67
- mixed trend
- MACD (12, 26, 9)
- 0.03 / 0.01
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +11.1% | −0.6% | +11.7 pp | — |
| 3 months | +4.9% | −4.2% | +9.1 pp | — |
| 6 months | −6.7% | +4.3% | −11.0 pp | — |
| Year to date | +2.9% | +7.5% | −4.6 pp | — |
| 1 year | +7.4% | +9.9% | −2.5 pp | −5.5% |
| 3 years | −17.5% | +49.8% | −67.3 pp | +8.9% |
| 5 years | −24.1% | +42.8% | −66.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 50 percentile of its own 2-quarter history (min 0.1, median 0.1, max 0.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 |
|---|---|---|
| Revenue | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable |
| Net income | 12.1 m | 9.3 m |
| Net income YoY | unavailable | −23.4% |
| Diluted EPS | 18.00 | 14.00 |
| Diluted EPS YoY | unavailable | −22.2% |
| net % | unavailable | unavailable |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 128.6 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- unavailable EUR
- Total assets
- 2.5 bn EUR
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- unavailable
- ROA
- 0.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Income statement · EUR
Balance sheet · EUR
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 16.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 1.1 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
17% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 89.58 – 377.55 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E89.58 – 377.55 (Mid 188.15)21 companies used · median multiple 13.4x · quartiles 6.4x – 27.0xAC5.MI, ACE.MI, ADB.MI, AEF.MI, AMP.MI, ARN.MI, ASC.MI, BC.MI, BEC.MI, CAI.MI, CIR.MI, CLF.MI, CMB.MI, COM.MI, CRL.MI, CY4.MI, DEX.MI, DIA.MI, DLG.MI, DNR.MI, ELN.MI
- Dividend discount (DDM)209.76 – 286.03 (Mid 242.03)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 16.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 0.1x | 96 (vs peers) | 63% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 903.0% | 100 (on a fixed band) | 38% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial96/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BANCA PROFILO S.P.A. (PRO.MI). Latest full fiscal year: 2024; data up to 2024-12-31.
Financial indicators are unavailable.
The estimated value range is 149.67–331.79 EUR per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 215.09 EUR, the price of 1.71 EUR leaves a potential of 12,492.9% (value / price − 1) and a margin of safety of 99.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 16.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 0.1x
- Shareholder yield (distributions): 903.0%
- The price is below the estimated value range
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Italy · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.8 bn | 21.5 | 15.4% | 8.4% | +8.7% | +24% / +60% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +73% |
| DIA.MIDiasorin S.p.a. | 4.3 bn | 28.3 | 9.2% | 13.0% | +0.8% | +31% / −7% |
| CRL.MICarel Industries S.p.a. | 2.9 bn | 39.5 | 16.1% | 11.7% | +8.7% | +3% / +10% |
| AMP.MIAmplifon S.p.a. | 2.7 bn | 29.9 | 8.5% | 3.8% | −0.6% | −9% / −58% |
| ELN.MIEl.en. - S.p.a. | 1.3 bn | 30.3 | 10.9% | 7.3% | +4.2% | +26% / +73% |
| CMB.MICembre S.p.a. | 1.3 bn | 27.0 | 20.6% | 18.9% | +6.7% | +11% / +108% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 18.6 | 12.8% | 7.1% | −23.0% | +8% / +64% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.4 | 8.6% | 9.4% | +1.4% | −22% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 969.2 m | 10.4 | 23.5% | 41.0% | +1.8% | −5% / −23% |
| AVIO.MIAvio S.p.a. | 883.6 m | 86.8 | 2.1% | 1.8% | +21.5% | +18% / +291% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 783.3 m | 6.0 | 17.1% | 7.3% | +1.6% | +4% / +72% |
| ASC.MIAscopiave S.p.a. | 646.3 m | 18.0 | 4.2% | 17.5% | +13.4% | −8% / +33% |
| AC5.MIAcinque S.p.a. | 412.6 m | 19.6 | 4.1% | 3.6% | +0.2% | −6% / +8% |
| BAN.MIBasic Net S.p.a. | 348.0 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 324.7 m | 13.1 | 11.1% | 13.7% | +9.2% | −2% / +12% |
| CAI.MICairo Communication S.p.a. | 289.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +28% |
| ECNL.MIAquafil S.p.a. | 129.6 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 118.7 m | 11.7 | 18.5% | 10.2% | −1.3% | −26% / −32% |
| ABT.MIAbitare In S.p.a. | 76.0 m | 276.0 | 0.4% | 0.4% | +39.8% | −6% / −47% |
| ELC.MIElica S.p.a. | 64.3 m | — | -7.8% | -2.2% | +1.9% | −34% / −48% |
| DEX.MIDexelance S.p.a. | 50.7 m | 2.8 | 11.0% | 5.4% | +12.6% | −63% / −78% |
| CLE.MIClass Editori S.p.a. | 35.1 m | — | -29.2% | -3.8% | −0.7% | −9% / +106% |
| CLF.MICaleffi - S.p.a. | 11.6 m | 5.2 | 10.9% | 3.8% | −2.5% | −4% / −10% |
| AEF.MIAeffe S.p.a. | 10.1 m | 0.5 | 21.9% | 7.7% | −21.3% | −59% / −86% |
1- and 3-year price returns: for PRO.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Banca Profilo is an Italian bank active in private banking, investment banking and financial trading, headquartered in Italy. In 2025 consolidated net profit rose slightly, but revenues fell under pressure from departing bankers and lower interest rates, while the AML remediation plan remains ongoing amid large asset outflows in Private Banking. The key figures are consolidated net profit of 10.0 million EUR and total Private Banking assets of 3.2 billion EUR.
SWOT
Strengths
- A diversified structure across five segments, with contributions from private banking, investment banking and trading, giving some stability to revenues.
- Net profit rose from the prior year, showing the bank's ability to stay profitable despite pressure.
- Fintech partnerships and a digital platform developed with a partner, which can support the product offering.
Weaknesses
- Banker departures sharply reduced Private Banking volumes, exposing the bank to loss of recurring revenue.
- Operating costs remain high and the cost income ratio deteriorated, squeezing operating margin.
- Reliance on fees and financial activity makes revenues sensitive to market conditions and staff retention.
Opportunities
- If the bank rebuilds its teams and attracts new clients, Private Banking volumes could gradually recover.
- Superbonus financing trading and banking book activity have shown potential for additional revenue.
- Developing digital channels through fintech partnerships could widen the client base without large branch costs.
Threats
- Continued pressure on the interest margin, if rates fall faster than funding costs.
- Competition for bankers and clients in private banking could deepen asset outflows.
- Supervision and the AML remediation plan may generate extra costs and affect the bank's reputation.
Risks
- AML remediation planhigh
Remediation of weaknesses in anti-money laundering controls is still in progress and could bring additional costs and supervisory measures.
- Asset and banker outflowshigh
Staff departures from Private Banking sharply reduced volumes and revenues, and recovery depends on the bank's ability to retain and attract teams.
- Lower interest marginmedium
If rate cuts continue, interest income could decline further.
- Dependence on tradingmedium
A significant share of revenue comes from trading activities, which can be volatile and sensitive to market conditions.
- Credit qualitylow
Provisions and credit risk adjustments rose in 2025, pointing to pressure on asset quality.
Investment thesis
What would need to be true (bull case)
- If the bank wins back its Private Banking teams and volumes, revenues could return to a steadier level and profit could keep growing.
- Diversification across segments and contributions from trading and investment banking could provide a more resilient revenue base.
- Successfully completing the AML remediation plan could reduce supervisory uncertainty and non-recurring costs.
What would break the thesis
- If departures from Private Banking continue, recurring revenues could stay under pressure and profit could decline.
- High operating costs and a rising cost income ratio could limit the bank's ability to improve results.
- If remediation takes longer or requires new measures, costs and reputational risk could increase.
What to watch
- Evolution of Private Banking assets and number of bankers2026
- Progress of the AML remediation plan and any supervisory measures2026
- Trend in interest margin and operating costsQ1 2027
- Contribution of trading and fintech partnerships to revenues2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The bank notes that after bankers left in the second half of 2025, business volumes in Private Banking fell sharply, and management also reallocated some costs between segments through a methodological refinement. These changes make the comparison with the previous year harder and should be read together with the information on remediation and supervision.
Segments
Private Banking
The largest segment in decline: net revenues fell to 25.7 million EUR and total assets dropped to 3.2 billion EUR, mainly due to banker departures. Loans in this segment fell to 244.7 million EUR.
Investment Banking
Net revenues of 9.8 million EUR in 2025, lower than the prior year, which had benefited from a restructuring transaction. The activity also includes trading in Superbonus financing, which supported revenues.
Finanza
Net revenues of 28.2 million EUR, slightly higher, supported by the trading desk and the banking book, while brokerage declined after part of the team left.
Market context
The bank operates in the Italian private banking and investment banking market, where competition and interest rate levels directly influence margins. Lower policy rates reduced interest income, and asset outflows in Private Banking point to competitive pressure on client retention.
The regulatory environment remains important for the bank, because the AML remediation plan and recent supervisory events affect costs and reputation. As the bank rebuilds its commercial plan, results may depend on its ability to win back clients and bankers.
Trends
- Banker departures from Private Bankingheadwind
The exit of bankers in the second half of 2025 reduced volumes, fees and managed assets, and is the main driver of lower revenues.
- Superbonus financing tradingtailwind
The contribution of these operations to financial results rose, partly offsetting lower realised gains on trading and banking book portfolios.
- Remediation and compliance costsmixed
Costs for the AML remediation plan and related consultancy remain high and could influence future results, although part of them is treated as non-recurring.
Competitive position
The bank competes with other Italian and international banks and investment firms offering private banking and asset management. The sources do not identify US-listed competitors, and the 2025 asset outflows show how important client and banker retention is.
Competitive pressure shows up in staff departures and in the cost of attracting clients. If the bank does not win back teams and volumes, its position in private banking could remain weak.
- Italian private banking peers
Italian banks and asset managers offering similar services to private and institutional clients; the source does not name them individually.
- International private banking groups
International banking groups active in wealth management, competing for the same high-asset clients.
- Investment firms and brokers
Intermediaries competing in trading and investment banking, mainly in the Finanza and Investment Banking segments.
- Fintech and digital platforms
Digital partners and competitors offering savings and asset management solutions; the bank works with such firms for its digital channels.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202424 Sept 2025
- Annual report 202424 Sept 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Banca Profilo S.p.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.