WBAG:UQA

Stock Analysis Report

UNIQA Insurance Group

Executive Summary

UNIQA Insurance Group AG operates as an insurance company in Austria, Central and Eastern Europe, and internationally.


Snowflake Analysis

Undervalued established dividend payer.

Share Price & News

How has UNIQA Insurance Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UQA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.0%

UQA

-2.6%

AT Insurance

-2.5%

AT Market


1 Year Return

-24.4%

UQA

-27.0%

AT Insurance

-32.9%

AT Market

Return vs Industry: UQA matched the Austrian Insurance industry which returned -23.6% over the past year.

Return vs Market: UQA exceeded the Austrian Market which returned -31.4% over the past year.


Shareholder returns

UQAIndustryMarket
7 Day-4.0%-2.6%-2.5%
30 Day-16.2%-22.2%-25.0%
90 Day-24.6%-31.5%-34.6%
1 Year-19.2%-24.4%-22.3%-27.0%-30.5%-32.9%
3 Year15.1%-4.8%-6.5%-19.8%-18.4%-25.7%
5 Year10.2%-19.4%-2.2%-24.2%-1.3%-15.1%

Price Volatility Vs. Market

How volatile is UNIQA Insurance Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is UNIQA Insurance Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UQA (€6.89) is trading below our estimate of fair value (€16.33)

Significantly Below Fair Value: UQA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UQA is poor value based on its PE Ratio (9.1x) compared to the Insurance industry average (8.9x).

PE vs Market: UQA is good value based on its PE Ratio (9.1x) compared to the Austrian market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: UQA is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: UQA is good value based on its PB Ratio (0.6x) compared to the XE Insurance industry average (0.9x).


Next Steps

Future Growth

How is UNIQA Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UQA's forecast earnings growth (11.2% per year) is above the savings rate (-0.1%).

Earnings vs Market: UQA's earnings (11.2% per year) are forecast to grow faster than the Austrian market (10.1% per year).

High Growth Earnings: UQA's earnings are forecast to grow, but not significantly.

Revenue vs Market: UQA's revenue (6.6% per year) is forecast to grow faster than the Austrian market (2.1% per year).

High Growth Revenue: UQA's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UQA's Return on Equity is forecast to be low in 3 years time (8.4%).


Next Steps

Past Performance

How has UNIQA Insurance Group performed over the past 5 years?

-6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UQA has high quality earnings.

Growing Profit Margin: UQA's current net profit margins (4.3%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: UQA's earnings have declined by -6.6% per year over the past 5 years.

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

Earnings vs Industry: UQA had negative earnings growth (-4.5%) over the past year, making it difficult to compare to the Insurance industry average (11.4%).


Return on Equity

High ROE: UQA's Return on Equity (7%) is considered low.


Next Steps

Financial Health

How is UNIQA Insurance Group'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: UQA has a low level of unsold assets or inventory.

Debt Coverage by Assets: UQA's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

Asset Level: UQA's level of assets compared to its equity is low.

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

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

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

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

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


Next Steps

Dividend

What is UNIQA Insurance Group's current dividend yield, its reliability and sustainability?

7.84%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: UQA's dividend (7.84%) is higher than the bottom 25% of dividend payers in the Austrian market (1.98%).

High Dividend: UQA's dividend (7.84%) is in the top 25% of dividend payers in the Austrian market (6.2%)


Stability and Growth of Payments

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

Growing Dividend: UQA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.1%), UQA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UQA's dividends in 3 years are forecast to be covered by earnings (61.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Andreas Brandstetter (50yo)

8.75s

Tenure

€1,488,000

Compensation

Dr. Andreas Brandstetter has been Chairman of Management Board and Chief Executive Officer at UNIQA Insurance Group AG (UNIQA Versicherungen AG) since July 1, 2011 and has been its Member of Management Boa ...


CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD1.63M) is about average for companies of similar size in the Austrian market ($USD1.93M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andreas Brandstetter
Chairman of the Management Board8.75yrs€1.49mno data
Kurt Svoboda
Member of the Management Board5.25yrs€1.38mno data
Eric Leyers
Member of the Management Board & COO3.83yrs€852.00kno data
Michael Oplustil
Head of Investor Relationsno datano datano data
Stefan Glinz
IR contactno datano datano data

5.3yrs

Average Tenure

50yo

Average Age

Experienced Management: UQA's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Walter Rothensteiner
Chairman of Supervisory Board7.92yrsno datano data
Erwin Hameseder
2nd Deputy Chairman of the Supervisory Board7.92yrsno datano data
Burkhard Gantenbein
3rd Deputy Chairman of the Supervisory Board1.92yrsno data0.0033% 70.6k
Jutta Kath
Supervisory Board Member3.92yrsno datano data
Franz-Michael Koller
Supervisory Board Member20.58yrsno data0.00030% 6.3k
Peter Gattinger
Supervisory Board Member3.92yrsno datano data
Heinrich Kames
Supervisory Board Member7yrsno data0.000020% 423.0
Christian Kuhn
1st Deputy Chairman of the Supervisory Board13.92yrsno datano data
Markus Andréewitch
Supervisory Board Member5.92yrsno datano data
Harald Kindermann
Supervisory Board Member4.92yrsno data0.00024% 5.1k

6.5yrs

Average Tenure

61yo

Average Age

Experienced Board: UQA's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

UNIQA Insurance Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: UNIQA Insurance Group AG
  • Ticker: UQA
  • Exchange: WBAG
  • Founded: 1999
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €2.115b
  • Shares outstanding: 306.97m
  • Website: https://www.uniqagroup.com

Number of Employees


Location

  • UNIQA Insurance Group AG
  • Untere Donaustrasse 21
  • Vienna
  • Vienna
  • 1029
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UQAWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 1999
UN9DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1999
0GDRLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1999
UQAVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1999
UN9XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 1999
UQASEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary SharesCZCZKNov 1999

Biography

UNIQA Insurance Group AG operates as an insurance company in Austria, Central and Eastern Europe, and internationally. It operates through UNIQA Austria, UNIQA International, and Reinsurance segments. The company’s product portfolio includes life, health, casualty, fire and business interruption, household and other property, liability, legal expense, motor TPL and other motor, and other insurance products, as well as marine, aviation, and transport insurance products. It also engages in reinsurance business. The company offers its products and services through various distribution channels, including sales force, general agencies, brokers, banks, and direct sales. The company was formerly known as UNIQA Versicherungen AG and changed its name to UNIQA Insurance Group AG in July 2013. UNIQA Insurance Group AG was founded in 1999 and is based in Vienna, Austria. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 20:48
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.