UniCredit S.p.A.

DB:CRIN Stock Report

Market Cap: €59.1b

UniCredit Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CRIN (€38.33) is trading below our estimate of fair value (€77.47)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CRIN. This is calculated by dividing CRIN's market cap by their current earnings.
What is CRIN's PE Ratio?
PE Ratio5.7x
Earnings€10.39b
Market Cap€59.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CRIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.7x
CBK Commerzbank
8.6x8.9%€18.4b
PCZ ProCredit Holding
4.4x12.2%€459.4m
BBVA Banco Bilbao Vizcaya Argentaria
5.8x-3.1%€54.1b
8411 Mizuho Financial Group
11.9x7.1%JP¥9.8t
CRIN UniCredit
5.7x-4.7%€59.1b

Price-To-Earnings vs Peers: CRIN is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (7.7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CRIN 5.7xIndustry Avg. 7.6xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CRIN is good value based on its Price-To-Earnings Ratio (5.7x) compared to the European Banks industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is CRIN'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.

CRIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio10.2x

Price-To-Earnings vs Fair Ratio: CRIN is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (10.2x).

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 CRIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€38.33
€46.76
+22.0%
9.9%€57.00€35.00n/a18
Dec ’25€36.23
€46.80
+29.2%
9.9%€57.00€35.00n/a18
Nov ’25€42.18
€45.50
+7.9%
9.7%€54.00€35.00n/a18
Oct ’25€38.30
€45.64
+19.2%
9.5%€54.00€35.00n/a20
Sep ’25€37.39
€45.56
+21.8%
9.8%€54.00€33.00n/a21
Aug ’25€36.73
€44.80
+22.0%
10.6%€54.00€33.00n/a21
Jul ’25€36.12
€42.88
+18.7%
10.0%€52.00€33.00n/a21
Jun ’25€36.37
€42.46
+16.7%
10.4%€52.00€33.00n/a21
May ’25€34.56
€39.85
+15.3%
10.7%€47.38€32.00n/a21
Apr ’25€35.24
€37.17
+5.5%
11.1%€47.00€30.70n/a21
Mar ’25€31.25
€36.50
+16.8%
10.7%€47.00€30.70n/a22
Feb ’25€26.86
€32.85
+22.3%
10.3%€39.90€27.10n/a21
Jan ’25€24.59
€33.06
+34.4%
10.8%€39.90€27.10n/a21
Dec ’24€25.17
€33.10
+31.5%
11.0%€40.50€27.10€36.2321
Nov ’24€23.75
€32.65
+37.5%
11.0%€40.50€27.10€42.1820
Oct ’24€22.68
€30.18
+33.1%
10.1%€37.00€23.40€38.3020
Sep ’24€22.36
€29.92
+33.8%
10.8%€37.00€23.40€37.3922
Aug ’24€22.65
€28.32
+25.0%
16.5%€37.00€12.20€36.7323
Jul ’24€21.28
€25.83
+21.4%
15.5%€33.00€12.20€36.1223
Jun ’24€18.67
€25.18
+34.9%
16.1%€31.50€12.20€36.3723
May ’24€18.00
€22.60
+25.6%
14.1%€26.50€12.20€34.5623
Apr ’24€17.43
€21.94
+25.9%
14.3%€27.00€12.20€35.2423
Mar ’24€18.91
€22.36
+18.2%
10.8%€27.00€16.42€31.2522
Feb ’24€17.94
€20.78
+15.8%
15.1%€25.25€12.20€26.8622
Jan ’24€13.31
€16.65
+25.1%
16.1%€22.90€12.20€24.5923
Dec ’23€12.51
€16.56
+32.4%
16.0%€22.90€12.20€25.1723

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 02:16
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

UniCredit S.p.A. is covered by 50 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Marta Sánchez RomeroAhorro Corporación
Luigi TramontanaBanca Akros S.p.A. (ESN)
Javier Esteban LarioBanco de Sabadell. S.A.