BME:UNI

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Unicaja Banco

Executive Summary

Unicaja Banco, S.A. provides various banking products and services to individuals, companies, and freelancers in Spain and internationally.


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

How has Unicaja Banco's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

18.6%

UNI

10.3%

ES Banks

6.6%

ES Market


1 Year Return

-43.0%

UNI

-48.5%

ES Banks

-19.4%

ES Market

Return vs Industry: UNI exceeded the Spanish Banks industry which returned -48% over the past year.

Return vs Market: UNI underperformed the Spanish Market which returned -20.4% over the past year.


Shareholder returns

UNIIndustryMarket
7 Day18.6%10.3%6.6%
30 Day0.2%2.4%5.5%
90 Day-40.4%-39.3%-16.7%
1 Year-43.0%-43.0%-46.8%-48.5%-17.0%-19.4%
3 Yearn/a-60.8%-65.2%-24.8%-31.7%
5 Yearn/a-63.4%-70.1%-17.8%-31.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Unicaja Banco undervalued compared to its fair value and its price relative to the market?

5.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UNI (€0.5) is trading above our estimate of fair value (€0.31)

Significantly Below Fair Value: UNI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UNI is good value based on its PE Ratio (5.4x) compared to the Banks industry average (7.1x).

PE vs Market: UNI is good value based on its PE Ratio (5.4x) compared to the Spanish market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: UNI is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: UNI is good value based on its PB Ratio (0.2x) compared to the ES Banks industry average (0.3x).


Next Steps

Future Growth

How is Unicaja Banco forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNI's forecast earnings growth (12.6% per year) is above the savings rate (1.3%).

Earnings vs Market: UNI's earnings (12.6% per year) are forecast to grow slower than the Spanish market (18% per year).

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

Revenue vs Market: UNI's revenue is expected to decline over the next 3 years (-2.5% per year).

High Growth Revenue: UNI's revenue is forecast to decline over the next 3 years (-2.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UNI's Return on Equity is forecast to be low in 3 years time (3.1%).


Next Steps

Past Performance

How has Unicaja Banco performed over the past 5 years?

8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UNI has high quality earnings.

Growing Profit Margin: UNI's current net profit margins (12.9%) are lower than last year (15.7%).


Past Earnings Growth Analysis

Earnings Trend: UNI's earnings have grown by 8.6% per year over the past 5 years.

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

Earnings vs Industry: UNI had negative earnings growth (-5.8%) over the past year, making it difficult to compare to the Banks industry average (-21.2%).


Return on Equity

High ROE: UNI's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is Unicaja Banco'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


Financial Institutions Analysis

Asset Level: UNI's Assets to Equity ratio (13.7x) is moderate.

Allowance for Bad Loans: UNI has a low allowance for bad loans (48%).

Low Risk Liabilities: 92% of UNI's liabilities are made up of primarily low risk sources of funding.

Loan Level: UNI has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: UNI's Loans to Deposits ratio (60%) is appropriate.

Level of Bad Loans: UNI has a high level of bad loans (4.6%).


Next Steps

Dividend

What is Unicaja Banco's current dividend yield, its reliability and sustainability?

7.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UNI's dividend (7.61%) is higher than the bottom 25% of dividend payers in the Spanish market (2.65%).

High Dividend: UNI's dividend (7.61%) is low compared to the top 25% of dividend payers in the Spanish market (7.63%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, UNI has been paying a dividend for less than 10 years.

Growing Dividend: UNI's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.7%), UNI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UNI's dividends in 3 years are forecast to be covered by earnings (53% payout ratio).


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

Ángel Rodríguez de Gracia (63yo)

no data

Tenure

€19,000

Compensation

Mr. Angel Rodríguez de Gracia serves as Chief Executive Officer at Unicaja Banco, SA. He served as General Manager of Unicaja Banco, S.A. Mr. Rodríguez de Gracia served as General Director of Strategic Dev ...


Board Members

NamePositionTenureCompensationOwnership
Manuel Azuaga Moreno
Executive Chairman of the Board3.92yrs€57.00k0.014% 107.9k
Ángel Rodríguez de Gracia
CEO & Executive Directorno data€19.00k0.014% 107.9k
Teresa Sáez Ponte
Secretary of the Board & Director2.08yrs€87.00kno data
Braulio Medel Cámara
Chairman Emeritus3.92yrsno datano data
Elena Isabel Martín Castella
Independent Director3.08yrs€97.00kno data
Petra Mateos-Aparicio Morales
Directorno data€78.00kno data
Manuel Conthe Gutiérrez
Independent Director2.08yrs€81.00kno data
Juan Fraile Cantón
Second Vice President of the Boardno data€86.00kno data
Victorio Valle Sánchez
First Vice President of the Boardno data€99.00kno data
Ana Bolado Valle
Independent Director2.08yrs€85.00kno data

2.1yrs

Average Tenure

72yo

Average Age

Experienced Board: UNI's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Unicaja Banco, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Unicaja Banco, S.A.
  • Ticker: UNI
  • Exchange: BME
  • Founded: 1991
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €794.229m
  • Shares outstanding: 1.59b
  • Website: https://www.unicajabanco.es

Number of Employees


Location

  • Unicaja Banco, S.A.
  • Avenida de Andalucía, 10 and 12
  • Malaga
  • Andalusia
  • 29007
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNJC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2014
UNIBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURSep 2014
7UBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2014
UNIEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 2014
0RR7LSE (London Stock Exchange)YesOrdinary SharesGBEURSep 2014

Biography

Unicaja Banco, S.A. provides various banking products and services to individuals, companies, and freelancers in Spain and internationally. It offers savings, young, treasure notepad, teen, and basic payment accounts; loyalty, young, master, motor, and home loans; mortgages; deposit products, broker services, savings insurance, pension plans, and investment funds; and life, home, car, accident, agricultural, and health insurance, as well as SME and commerce damage, and civil liability insurance products. The company also provides short term and long term financing, treasury, and foreign trade services; credit and debit cards; payments and payroll services; and electronic and mobile banking services. Unicaja Banco, S.A. was founded in 1991 and is based in Malaga, Spain. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 00:20
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
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.