UniCredit S.p.A.

SWX:UCG Stock Report

Market Cap: CHF 112.9b

UniCredit Valuation

Is UCG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of UCG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: UCG (CHF73.64) is trading below our estimate of future cash flow value (CHF121.16)

Significantly Below Future Cash Flow Value: UCG is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UCG?

Key metric: As UCG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UCG. This is calculated by dividing UCG's market cap by their current earnings.
What is UCG's PE Ratio?
PE Ratio11x
Earnings€11.16b
Market Cap€122.80b

Price to Earnings Ratio vs Peers

How does UCG's PE Ratio compare to its peers?

The above table shows the PE ratio for UCG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
LLBN Liechtensteinische Landesbank
19.7xn/aCHF 3.3b
D05 DBS Group Holdings
17.4x5.52%S$189.7b
BBVA Banco Bilbao Vizcaya Argentaria
12.1x6.02%€126.3b
BCVN Banque Cantonale Vaudoise
23.6x4.08%CHF 10.2b
UCG UniCredit
11x4.75%CHF 122.8b

Price-To-Earnings vs Peers: UCG is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (18.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does UCG's PE Ratio compare vs other companies in the European Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UCG 11.0xIndustry Avg. 11.8xNo. of Companies41PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UCG is good value based on its Price-To-Earnings Ratio (11x) compared to the European Banks industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is UCG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UCG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UCG's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UCG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 73.64
CHF 79.21
+7.57%
7.48%CHF 91.94CHF 69.88n/a17
Jun ’27CHF 64.35
CHF 76.89
+19.48%
7.58%CHF 87.85CHF 65.89n/a17
May ’27CHF 62.71
CHF 75.28
+20.05%
8.52%CHF 84.39CHF 61.46n/a16
Apr ’27n/a
CHF 77.44
0%
8.48%CHF 88.26CHF 66.54n/a16
Mar ’27n/a
CHF 76.13
0%
11.32%CHF 87.00CHF 51.93n/a17
Feb ’27n/a
CHF 70.21
0%
11.22%CHF 80.85CHF 52.37n/a18
Jan ’27n/a
CHF 66.34
0%
10.10%CHF 78.32CHF 52.95n/a18
Dec ’26n/a
CHF 66.25
0%
10.28%CHF 78.53CHF 53.10n/a17
Nov ’26n/a
CHF 65.40
0%
10.08%CHF 78.26CHF 52.92n/a17
Oct ’26n/a
CHF 65.00
0%
10.48%CHF 75.29CHF 53.31n/a16
Sep ’26n/a
CHF 63.29
0%
8.82%CHF 72.11CHF 53.31n/a16
Aug ’26n/a
CHF 61.69
0%
7.77%CHF 69.92CHF 53.14n/a15
Jul ’26n/a
CHF 55.33
0%
15.56%CHF 68.20CHF 32.70CHF 70.8517
Jun ’26n/a
CHF 52.84
0%
16.84%CHF 63.63CHF 32.75CHF 64.3517
May ’26n/a
CHF 49.68
0%
15.84%CHF 65.63CHF 32.81CHF 62.7118
Apr ’26n/a
CHF 50.07
0%
15.98%CHF 65.80CHF 33.38n/a18
Mar ’26n/a
CHF 45.99
0%
10.28%CHF 53.50CHF 32.85n/a18
Feb ’26n/a
CHF 44.25
0%
9.00%CHF 51.33CHF 33.27n/a18
Jan ’26n/a
CHF 43.57
0%
9.87%CHF 53.11CHF 32.61n/a18
Dec ’25n/a
CHF 43.62
0%
9.87%CHF 53.12CHF 32.62n/a18
Nov ’25n/a
CHF 42.80
0%
9.66%CHF 50.80CHF 32.92n/a18
Oct ’25n/a
CHF 42.75
0%
9.55%CHF 50.58CHF 32.78n/a20
Sep ’25n/a
CHF 42.81
0%
9.84%CHF 50.74CHF 31.01n/a21
Aug ’25n/a
CHF 42.24
0%
10.61%CHF 50.91CHF 31.11n/a21
Jul ’25n/a
CHF 41.58
0%
9.95%CHF 50.42CHF 32.00n/a21
CHF 77.41
Fair Value
4.9% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 16:48
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

UniCredit S.p.A. is covered by 37 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Irene RossettoBanca Akros S.p.A. (ESN)
Javier Esteban LarioBanco de Sabadell. S.A.
Juan Lopez CoboBanco Santander