Unipol Gruppo S.p.A.

DB:UIPN Stock Report

Market Cap: €8.2b

Unipol Gruppo Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 UIPN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UIPN (€11.4) is trading below our estimate of fair value (€18.81)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UIPN. This is calculated by dividing UIPN's market cap by their current earnings.
What is UIPN's PE Ratio?
PE Ratio6.9x
Earnings€1.20b
Market Cap€8.20b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UIPN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.2x
TLX Talanx
10.7x4.9%€20.3b
NBG6 NÜRNBERGER Beteiligungs-AG
14.1x38.4%€587.5m
ALV Allianz
11.8x6.0%€111.3b
RLV RheinLand Holding
12.3xn/a€119.0m
UIPN Unipol Gruppo
6.9x4.9%€8.2b

Price-To-Earnings vs Peers: UIPN is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

How does UIPN's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
UIPN 6.9xIndustry Avg. 11.8xNo. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UIPN is good value based on its Price-To-Earnings Ratio (6.9x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is UIPN'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.

UIPN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: UIPN is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).

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 UIPN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.40
€12.48
+9.5%
9.2%€13.60€10.50n/a5
Nov ’25€11.45
€11.40
-0.4%
8.4%€13.20€10.50n/a5
Oct ’25€10.56
€11.00
+4.2%
3.1%€11.50€10.50n/a5
Sep ’25€9.52
€10.68
+12.2%
6.8%€11.50€9.40n/a5
Aug ’25€9.77
€10.40
+6.4%
6.5%€11.50€9.40n/a5
Jul ’25€9.37
€10.40
+11.0%
6.5%€11.50€9.40n/a5
Jun ’25€9.49
€10.06
+6.1%
8.8%€11.50€8.90n/a5
May ’25€8.41
€8.72
+3.7%
5.3%€9.40€8.00n/a5
Apr ’25€7.69
€8.30
+8.0%
7.1%€8.90€7.30n/a5
Mar ’25€7.46
€8.30
+11.2%
7.1%€8.90€7.30n/a5
Feb ’25€5.70
€6.70
+17.5%
10.1%€7.50€5.80n/a5
Jan ’25€5.13
€6.70
+30.7%
10.1%€7.50€5.80n/a5
Dec ’24€5.25
€6.70
+27.5%
10.1%€7.50€5.80n/a5
Nov ’24€5.09
€6.80
+33.7%
8.6%€7.20€5.80€11.454
Oct ’24€5.16
€6.85
+32.6%
9.1%€7.40€5.80€10.564
Sep ’24€5.04
€6.62
+31.5%
9.3%€7.40€5.80€9.525
Aug ’24€4.92
€6.58
+33.9%
9.1%€7.40€5.80€9.775
Jul ’24€4.81
€6.58
+36.7%
9.1%€7.40€5.80€9.375
Jun ’24€4.62
€6.34
+37.3%
12.1%€7.40€5.15€9.496
May ’24€4.98
€6.33
+27.1%
12.0%€7.40€5.15€8.416
Apr ’24€4.65
€6.23
+33.8%
13.2%€7.40€4.86€7.696
Mar ’24€4.93
€6.11
+24.0%
13.4%€7.40€4.86€7.467
Feb ’24€4.83
€5.97
+23.5%
12.7%€7.00€4.86€5.707
Jan ’24€4.51
€5.97
+32.4%
12.7%€7.00€4.86€5.137
Dec ’23€4.73
€5.90
+24.8%
12.3%€7.00€4.90€5.258
Nov ’23€4.36
€5.86
+34.6%
16.2%€7.00€4.60€5.098

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

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