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Italy's largest independent asset manager, selling mutual funds and insurance-linked products through bank and insurer distribution partners.
Italy's largest independent asset manager, selling mutual funds and insurance-linked products through bank and insurer distribution partners.
Earns management fees on the funds and portfolios it runs, mostly sold under long-term agreements through the networks of partner banks and insurers, so assets are mainly gathered by others and income follows market levels and flows.
In one line: Italy's independent fund manager sold through banks.
Moat: narrow (distribution, scale). Long-term distribution agreements with major Italian banks/insurers lock in fund placement.
Headquarters: Milan, Italy · Founded: 1983
Size ANIMA (ANIM.MI) is an Italy Financials company (Investment Managers) with a market value of $2.42B, the 57th largest of 123 Italy companies the cockpit tracks. Shares closed at €6.86 on 6 Nov 2026.
Performance Over six months the shares fell 5.2%, against -5.9% for the median peer and +3.1% for the Italy market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +19.3%); the operating margin is 27.6% (peer median 33.4%).
Valuation It trades at 1.13× book value against a peer median of 2.71× (5th cheapest of 21).
Price implies The share price implies a return on equity of about 10.3%; ANIMA delivers 14.9%, so the price asks less than the business earns today.
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.45B | €1.44B | €1.32B | €1.02B | €1.02B |
| Revenue growth | — | +9% | +30% | 0% | — |
| Gross profit | €556M | €558M | €507M | €338M | €297M |
| EBITDA | €449M | €445M | €387M | €280M | €244M |
| Net income | €271M | €266M | €230M | €149M | €121M |
| Free cash flow | n/a | €412M | €285M | -€126M | €82.9M |
| Capital expenditure | n/a | €3.41M | €6.19M | €2.24M | €4.05M |
| Total debt | €820M | €818M | €801M | €768M | €797M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| ANIMA ANIM.MI | $2.42B | -5% | +1% | 15% | 1.13× | 10.3% |
| Azimut AZM.MI | $5.70B | -1% | +17% | 28% | 2.62× | 24.8% |
| Banca Mediolanum BMED.MI | $19.1B | +17% | -34% | 30% | 3.73× | 35.6% |
| Amundi AMUN.PA | $21.7B | +9% | +1% | 11% | 1.52× | 15.2% |
| FinecoBank FBK.MI | $15.4B | +3% | +5% | 32% | 5.71× | 43.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ANIM.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | -1.3% | 4th lowest of 21 |
| 6-month return | -5.2% | -5.9% | 11th highest of 21 |
| Return on equity | 14.9% | 15.1% | 11th highest of 21 |
| Price / book | 1.13× | 2.71× | 5th cheapest of 21 |
| ROE the price implies | 10.3% | 20.2% | 5th least demanding of 21 |
| ROE delivered | 14.9% | 15.1% | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| ANIMA ANIM.MI | Italy | $2.42B | -5% | +1% | 15% | 1.13× | 10.3% | 14.9% |
| Rathbones RAT.L | United Kingdom | $2.42B | -8% | +5% | 9% | 1.45× | 17.1% | 9.0% |
| Pinnacle Investment Management PNI.AX | Australia | $2.54B | +2% | +22% | 17% | 3.09× | 44.5% | 17.0% |
| GCM Grosvenor GCMG | United States | $2.57B | +11% | +8% | 682% | 30.54× | 200.5% | 682.1% |
| Zhejiang Orient 600120.SS | China | $2.22B | -22% | -87% | 5% | 0.85× | 6.5% | 4.9% |
| Shaanxi International Trust 000563.SZ | China | $2.19B | -12% | -15% | 7% | 0.77× | 5.7% | 6.7% |
| L1 Group Limited L1G.AX | Australia | $2.19B | +5% | +586% | 29% | 3.92× | 39.6% | 28.8% |
| Caida Securities 600906.SS | China | $2.78B | -11% | +10% | 7% | 1.46× | 15.4% | 7.3% |
| WisdomTree WT | United States | $2.94B | +2% | +45% | 27% | 6.61× | 54.3% | 27.0% |
| Sprott SII.TO | Canada | $2.96B | -17% | +88% | 30% | 7.28× | 61.3% | 30.2% |
| AJ Bell AJB.L | United Kingdom | $3.04B | +13% | +19% | 60% | 10.78× | 85.0% | 59.9% |
| AllianceBernstein Holding L.P AB | United States | $3.14B | -13% | n/a | 26% | 2.60× | 17.1% | 26.2% |
| Artisan Partners Asset Management APAM | United States | $3.17B | +3% | +6% | 66% | 6.27× | 68.9% | 66.2% |
| Ashmore ASHM.L | United Kingdom | $1.83B | -4% | +2% | 13% | 1.69× | 19.6% | 13.1% |
| Acadian Asset Management AAMI | United States | $3.23B | +33% | +25% | 166% | 53.60× | 451.1% | 166.3% |
| Tikehau Capital SCA TKO.PA | France | $3.24B | -10% | +32% | 5% | 0.90× | 8.4% | 4.5% |
| Quilter QLT.L | United Kingdom | $3.30B | +5% | +191% | 9% | 1.82× | 20.8% | 8.6% |
| Sealand Securities 000750.SZ | China | $3.30B | -12% | +2% | 3% | 0.96× | 10.7% | 3.0% |
| Netwealth NWL.AX | Australia | $3.31B | -13% | +21% | 34% | 29.48× | 314.3% | 33.6% |
| Mandatum MANTA.HE | Finland | $3.33B | -10% | +60% | 11% | 2.83× | 9.5% | 10.8% |
| Barrenjoey BJY.AX | Australia | $1.74B | +1% | -17% | 9% | 1.50× | 13.9% | 8.5% |