WEBULL
WebtradeDownload

Amundi (ENXTPA:AMUN) Wraps Up Its Buyback, Is The Upside Already Priced In?

Simply Wall St · 16h ago

Amundi (ENXTPA:AMUN) has just wrapped up a €500 million share buyback, retiring 5,900,000 shares, or 2.88% of its capital, with the plan officially closed on 18 September 2026.

Recent trading has cooled slightly, with Amundi’s share price down 3.3% over the past month after a 9.8% gain across 90 days. However, the year-to-date share price return of 28.7% and 1-year total shareholder return of 46.4% point to firm upward momentum.

Scan how Amundi’s buyback compares with other financial players returning cash to shareholders by reviewing our curated list of 155 dividend fortresses.

After a near 30% gain this year and a fresh €500 million buyback now in the rear view mirror, is most of Amundi’s upside already priced in, or does valuation still leave meaningful room ahead?

Most Popular Narrative: 4% Undervalued

On Simply Wall St’s most followed view, Amundi’s fair value of €95.55 sits modestly above the last close at €91.65. This puts recent share gains in context rather than calling them excessive.

The analysts have a consensus price target of €95.55 for Amundi based on their expectations of its future earnings growth, profit margins and other risk factors.

However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of €110.0, and the most bearish reporting a price target of just €80.0.

See why 22 investors see Amundi as 4% undervalued.

Result: Fair Value of €95.55 (UNDERVALUED)

Still, analysts flag that the proposed exceptional French tax and the loss of a €12b insurance mandate could pressure Amundi’s profitability and fee income assumptions.

Find out about the key risks to this Amundi narrative.

Another View: DCF Says Slightly Overvalued

The first take on Amundi leans on analyst targets and fair value estimates. A second lens comes from the SWS DCF model, which puts future cash flow value at €89.85 versus the current €91.65. That points to a small premium rather than a clear bargain.

With one approach flagging a 4% discount and the DCF suggesting a modest mark up, which framework do you trust more for judging how much safety is really in the current price?

Look into how the SWS DCF model arrives at its fair value.

AMUN Discounted Cash Flow as at Sep 2026
AMUN Discounted Cash Flow as at Sep 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Amundi for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 180 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

The mix of upside potential and flagged risks around Amundi will not wait for you to catch up, so pressure test the data yourself and then weigh the 1 key reward and 1 important warning sign.

Looking for more investment ideas beyond Amundi?

Do not stop with Amundi when so many other opportunities are only a few clicks away. Broaden your watchlist now before the next move escapes you.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.