DB:SOAN

Stock Analysis Report

UnipolSai Assicurazioni

Executive Summary

UnipolSai Assicurazioni S.p.A. operates as an insurance company in Italy.

Snowflake

Fundamentals

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has UnipolSai Assicurazioni's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.9%

SOAN

2.6%

DE Insurance

1.7%

DE Market


1 Year Return

32.1%

SOAN

23.6%

DE Insurance

7.2%

DE Market

Return vs Industry: SOAN exceeded the German Insurance industry which returned 23.6% over the past year.

Return vs Market: SOAN exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

SOANIndustryMarket
7 Day3.9%2.6%1.7%
30 Day3.3%3.9%2.4%
90 Day3.9%3.9%2.3%
1 Year40.4%32.1%29.0%23.6%10.6%7.2%
3 Year78.2%46.9%69.7%49.2%18.4%8.1%
5 Year68.2%17.9%119.2%75.5%42.3%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is UnipolSai Assicurazioni undervalued compared to its fair value and its price relative to the market?

13.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SOAN (€2.47) is trading below our estimate of fair value (€2.84)

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


Price To Earnings Ratio

PE vs Industry: SOAN is good value based on its PE Ratio (10.7x) compared to the Insurance industry average (13.4x).

PE vs Market: SOAN is good value based on its PE Ratio (10.7x) compared to the German market (19x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SOAN is overvalued based on its PB Ratio (1.2x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is UnipolSai Assicurazioni forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-0.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOAN's earnings are forecast to decline over the next 3 years (-0.6% per year).

Earnings vs Market: SOAN's earnings are forecast to decline over the next 3 years (-0.6% per year).

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

Revenue vs Market: SOAN's revenue is expected to decline over the next 3 years (-2.6% per year).

High Growth Revenue: SOAN's revenue is forecast to decline over the next 3 years (-2.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SOAN's Return on Equity is forecast to be low in 3 years time (9.5%).


Next Steps

Past Performance

How has UnipolSai Assicurazioni performed over the past 5 years?

6.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SOAN's earnings have grown by 6.3% per year over the past 5 years.

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

Earnings vs Industry: SOAN had negative earnings growth (-24%) over the past year, making it difficult to compare to the Insurance industry average (15.2%).


Return on Equity

High ROE: SOAN's Return on Equity (10.8%) is considered low.


Return on Assets

ROA vs Industry: SOAN has a higher Return on Assets than the Insurance industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is UnipolSai Assicurazioni'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: SOAN has a low level of unsold assets or inventory.

Debt Coverage by Assets: SOAN's debt is covered by short term assets (assets are 1.762460x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is UnipolSai Assicurazioni's current dividend yield, its reliability and sustainability?

5.77%

Current Dividend Yield


Dividend Yield vs Market

company5.8%marketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Years6.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SOAN's dividend (5.77%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: SOAN's dividend (5.77%) is in the top 25% of dividend payers in the German market (3.83%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.9%), SOAN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SOAN's dividends in 3 years are forecast to be covered by earnings (74.1% payout ratio).


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Matteo Laterza (54yo)

3.5yrs

Tenure

0

Mr. Matteo Laterza serves as the General Manager of UnipolSai Assicurazioni S.p.A. Mr. Laterza serves as a General Manager of Insurance Business at Unipol Gruppo SpA (formerly Unipol Gruppo Finanziario S.p ...


Management Age and Tenure

6.5yrs

Average Tenure

54yo

Average Age

Experienced Management: SOAN's management team is seasoned and experienced (6.5 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

59yo

Average Age

Experienced Board: SOAN's board of directors are considered experienced (6.5 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.


Recent Insider Transactions

Buy€24,519,82517 Oct 19
Unipol Gruppo S.p.A.
EntityCompany
Shares10,045,225
Max Price€2.44
Buy€641,545,51731 May 19
Unipol Gruppo S.p.A.
EntityCompany
Shares282,743,682
Max Price€2.27
Sell€4,796,07016 May 19
Unipol Gruppo S.p.A.
EntityCompany
Shares1,985,375
Max Price€2.42
Buy€3,788,85321 Mar 19
Unipol Gruppo S.p.A.
EntityCompany
Shares1,632,500
Max Price€2.35

Ownership Breakdown


Management Team

  • Roberto Giay (54yo)

    Secretary of the Board

    • Tenure: 0yrs
  • Pier Bedogni

    Risk Management Department Head

    • Tenure: 8.2yrs
  • Giorgio Borghino

    Audit & Risk Management Department Head

    • Tenure: 8.2yrs
  • Maurizio Castellina (62yo)

    Manager in Charge of Financial Reporting

    • Tenure: 3.8yrs
  • Matteo Laterza (54yo)

    General Manager

    • Tenure: 3.5yrs
  • Massimo Dalfelli

    Executive Officer

    • Tenure: 6.5yrs
  • Adriano Donati

    Head of Investor Relations

    • Tenure: 0yrs
  • Enrico Pietro

    Co-General Manager & Head of Insurance

    • Tenure: 0yrs

Board Members

  • Paolo Fumagalli (59yo)

    Chairman of Statutory Auditors

    • Tenure: 4.3yrs
  • Pierluigi Stefanini (66yo)

    Vice Chairman

    • Tenure: 6.9yrs
    • Compensation: €206.25k
  • Carlo Cimbri (54yo)

    Chairman of the Board

    • Tenure: 3.5yrs
    • Compensation: €806.25k
  • Francesco Vella (61yo)

    Director

    • Tenure: 6.5yrs
    • Compensation: €71.00k
  • Massimo Masotti (57yo)

    Director

    • Tenure: 6.5yrs
    • Compensation: €71.25k
  • Fabio Cerchiai (75yo)

    Vice Chairman

    • Tenure: 3.5yrs
    • Compensation: €560.51k
  • Maria Maugeri (54yo)

    Director

    • Tenure: 6.5yrs
    • Compensation: €43.25k
  • Maria Montagnani (48yo)

    Director

    • Tenure: 7yrs
    • Compensation: €57.50k
  • Nicla Picchi (59yo)

    Director

    • Tenure: 7yrs
    • Compensation: €75.75k
  • Barbara Tadolini (59yo)

    Director

    • Tenure: 7yrs
    • Compensation: €38.25k

Company Information

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


Key Information

  • Name: UnipolSai Assicurazioni S.p.A.
  • Ticker: SOAN
  • Exchange: DB
  • Founded: 2014
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €6.993b
  • Shares outstanding: 2.78b
  • Website: https://www.unipolsai.com

Number of Employees


Location

  • UnipolSai Assicurazioni S.p.A.
  • Via Stalingrado, 45
  • Bologna
  • Bologna
  • 40128
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
USBIT (Borsa Italiana)YesOrdinary SharesITEURNov 1980
SOANDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1980
0Q8MLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1980
UNPL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1980
USMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1980
USWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 1980

Biography

UnipolSai Assicurazioni S.p.A. operates as an insurance company in Italy. The company provides non-life insurance products and services in the areas of accident; health; land vehicle hulls; railway rolling ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:39
End of Day Share Price2019/10/22 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.