WBAG:UNI

Stock Analysis Report

Executive Summary

Unipol Gruppo S.p.A., together with its subsidiaries, provides insurance and banking services primarily in Italy.

Snowflake

Fundamentals

Good value second-rate dividend payer.


Similar Companies

Share Price & News

How has Unipol Gruppo's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.9%

UNI

1.0%

AT Insurance

1.2%

AT Market


1 Year Return

42.4%

UNI

11.2%

AT Insurance

-3.8%

AT Market

Return vs Industry: UNI exceeded the Austrian Insurance industry which returned 11.2% over the past year.

Return vs Market: UNI exceeded the Austrian Market which returned -3.8% over the past year.


Shareholder returns

UNIIndustryMarket
7 Day1.9%1.0%1.2%
30 Day4.0%1.6%-1.5%
90 Day6.5%0.04%1.6%
1 Year48.4%42.4%16.9%11.2%-0.3%-3.8%
3 Yearn/a47.9%27.6%43.9%30.9%
5 Yearn/a67.6%30.1%66.6%42.7%

Price Volatility Vs. Market

How volatile is Unipol Gruppo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Unipol Gruppo undervalued compared to its fair value and its price relative to the market?

32.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UNI (€4.99) is trading below our estimate of fair value (€7.45)

Significantly Below Fair Value: UNI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: UNI is good value based on its PE Ratio (4.1x) compared to the Insurance industry average (12.7x).

PE vs Market: UNI is good value based on its PE Ratio (4.1x) compared to the Austrian market (14.2x).


Price to Earnings Growth Ratio

PEG Ratio: UNI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UNI is good value based on its PB Ratio (0.6x) compared to the XE Insurance industry average (1.3x).


Next Steps

Future Growth

How is Unipol Gruppo forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-23.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNI's earnings are forecast to decline over the next 3 years (-23.5% per year).

Earnings vs Market: UNI's earnings are forecast to decline over the next 3 years (-23.5% per year).

High Growth Earnings: UNI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UNI's revenue is expected to decline over the next 3 years (-1.1% per year).

High Growth Revenue: UNI's revenue is forecast to decline over the next 3 years (-1.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UNI's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has Unipol Gruppo performed over the past 5 years?

36.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: UNI has become profitable over the past 5 years, growing earnings by 36.8% per year.

Accelerating Growth: UNI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UNI had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the Insurance industry average (9.4%).


Return on Equity

High ROE: UNI's Return on Equity (13.8%) is considered low.


Return on Assets

ROA vs Industry: UNI's Return on Assets is below or equal to the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: UNI has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Unipol Gruppo's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: UNI has a low level of unsold assets or inventory.

Debt Coverage by Assets: UNI's debt is covered by short term assets (assets are 3.473360x debt).


Financial Institutions Analysis

Asset Level: UNI's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if UNI has a sufficient allowance for bad loans.

Low Risk Liabilities: UNI reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if UNI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: UNI has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if UNI has an appropriate level of bad loans.


Next Steps

Dividend

What is Unipol Gruppo's current dividend yield, its reliability and sustainability?

3.60%

Current Dividend Yield


Dividend Yield vs Market

company3.6%marketbottom25%1.7%markettop25%4.6%industryaverage4.8%forecastin3Years5.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: UNI's dividend (3.6%) is higher than the bottom 25% of dividend payers in the Austrian market (1.68%).

High Dividend: UNI's dividend (3.6%) is low compared to the top 25% of dividend payers in the Austrian market (4.56%).

Stable Dividend: UNI's dividend payments have been volatile in the past 10 years.

Growing Dividend: UNI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.9%), UNI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UNI's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).


Next Steps

Management

What is the CEO of Unipol Gruppo's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average board tenure


CEO

Carlo Cimbri (54yo)

9.8yrs

Tenure

€2,975,519

Compensation

Mr. Carlo Cimbri has been the Chief Executive Officer of Fondiaria-SAI S.p.A since November 2012. Mr. Cimbri has been the Chief Executive Officer of Unipol Gruppo Finanziario S.p.A. since April 29, 2010 an ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Carlo's total compensation is reasonable compared to companies of similar size in the Austrian market.

Compensation vs Earnings: Carlo's compensation has been consistent with company performance over the past year.


Board Age and Tenure

8.8yrs

Average Tenure

62yo

Average Age

Experienced Board: UNI's board of directors are considered experienced (8.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Roberto Giay (54yo)

    GM of Governance

    • Tenure: 0yrs
  • Carlo Cimbri (54yo)

    Group CEO

    • Tenure: 9.8yrs
    • Compensation: €2.98m
  • Eugenio Ferioli

    President of Unipol Merchant Spa and Vice President of Unipol Banca Spa

    • Tenure: 13.7yrs
  • Alfonso Galante (52yo)

    Chief Strategic Planning

    • Tenure: 0yrs
  • Maurizio Castellina (62yo)

    General Manager of Administration

    • Tenure: 0yrs
  • A. Federici

    Chief Corporate Communication and Media Relations Officer

    • Tenure: 0yrs
  • Riccardo Baudi

    Chief Investment Officer

    • Tenure: 0yrs
  • Adriano Donati

    Head of Investor Relations

    • Tenure: 0yrs
  • V. Corsano

    Chief Organization

    • Tenure: 0yrs
  • G. Siciliano

    Chief Regulation & Economic Studies

    • Tenure: 0yrs

Board Members

  • Pierluigi Stefanini (66yo)

    Chairman of the Board

    • Tenure: 13.8yrs
    • Compensation: €659.29k
  • Enea Mazzoli

    Honorary Chairman

    • Tenure: 0yrs
  • Carlo Cimbri (54yo)

    Group CEO

    • Tenure: 9.8yrs
    • Compensation: €2.98m
  • Milo Pacchioni (69yo)

    Non-executive Director

    • Tenure: 13.8yrs
    • Compensation: €47.00k
  • Pier Morara (64yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: €59.00k
  • Giuseppina Gualtieri (62yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: €67.00k
  • Francesco Berardini (72yo)

    Non-executive Director

    • Tenure: 10.8yrs
    • Compensation: €56.00k
  • Ernesto Dalle Rive (59yo)

    Vice Chairman

    • Tenure: 0.8yrs
    • Compensation: €52.00k
  • Rossana Zambelli (61yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: €87.00k
  • Mario Civetta (53yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 3.8yrs

Company Information

Unipol Gruppo S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Unipol Gruppo S.p.A.
  • Ticker: UNI
  • Exchange: WBAG
  • Founded: 1961
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €3.581b
  • Shares outstanding: 716.43m
  • Website: https://www.unipol.it

Number of Employees


Location

  • Unipol Gruppo S.p.A.
  • Via Stalingrado, 45
  • Bologna
  • Bologna
  • 40128
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNIBIT (Borsa Italiana)YesCommon StockITEURJan 1992
0Q6MLSE (London Stock Exchange)YesCommon StockGBEURJan 1992
UPZP.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
UIPNDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
UNIMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1992
UNIWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1992
UFGS.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDApr 2012

Biography

Unipol Gruppo S.p.A., together with its subsidiaries, provides insurance and banking services primarily in Italy. The company operates through Non-Life Insurance Business, Life Insurance Business, Banking  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:42
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.