Unicaja Banco, S.A.

BME:UNI Stock Report

Market Cap: €9.3b

Unicaja Banco Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Isidro Gil

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure3.1yrs
CEO ownershipn/a
Management average tenure1.5yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

Narrative Update • Aug 12

UNI: Future Returns Will Depend On Premium Re Rating Risk Being Tested

Unicaja Banco's analyst fair value estimate has moved from €2.94 to €3.06, as analysts factor in Street research that includes higher price targets around €3.25 from Citi and Deutsche Bank, alongside more cautious views from BofA and Barclays. Analyst Commentary Recent Street research on Unicaja Banco points to a split view, with some bullish analysts lifting price targets while more cautious voices flag valuation and execution risks.
Narrative Update • Jul 29

UNI: Future Returns Will Depend On Premium Re Rating Holding Up

Unicaja Banco's analyst price target has moved higher by about €0.12, with analysts pointing to slightly stronger revenue growth assumptions and profit margins, along with a modestly higher future P/E, even as recent rating changes flag the current premium to peers and reduced scope for further outperformance. Analyst Commentary Recent research on Unicaja Banco gives a mixed picture.
Narrative Update • Jul 15

UNI: Premium Rating And Execution Risks Will Likely Cap Further Upside

Analysts have nudged their fair value estimate for Unicaja Banco up from €2.30 to €2.50. The change reflects slightly higher revenue growth assumptions and updated peer comparisons after several firms adjusted their price targets and ratings on the stock.
Narrative Update • Jul 01

UNI: Future Returns Will Rely On Tight Execution Against Mid 2s Expectations

The analyst price target for Unicaja Banco has been raised from €2.61 to €2.83. Analysts point to updated assumptions around discount rates, revenue growth, profit margins and future P/E as the basis for the change, supported by recent incremental price target increases from several research houses.
Analysis Article • Jun 20

Unicaja Banco (BME:UNI) Stock Could Be 21% Overvalued After Green Note Buyback Plan

Unicaja Banco (BME:UNI) has launched a cash offer to repurchase its €500 million green senior non-preferred notes due 2027, and is planning a new euro-denominated green note to refinance the operation. See our latest analysis for Unicaja Banco. Unicaja Banco’s recent green note repurchase comes as the stock trades at €3.154, with a 30-day share price return of 13.78% and a 1-year total shareholder return of 76.36%, suggesting momentum has been building over both shorter and longer periods. If...
Narrative Update • Jun 17

UNI: Raised 2026 Earnings Guidance And Price Objectives Will Shape Future Share Price

Unicaja Banco's analyst price target has been nudged higher to €2.90 from €2.75, as analysts adjust their models to reflect slightly different fair value estimates and updated assumptions on discount rates, revenue, profit margins and future P/E multiples. Analyst Commentary Recent research on Unicaja Banco points to a cautiously constructive stance, with several bullish analysts lifting their valuation work and nudging price targets higher.
Narrative Update • Jun 03

UNI: Reaffirmed 2026 Earnings Guidance Will Support Higher Fair Value

Analysts have lifted the fair value estimate for Unicaja Banco from €3.09 to €3.29, reflecting updated assumptions on growth, profitability and P/E multiples that align with recent price target increases from several research houses. Analyst Commentary Recent Street research shows a cluster of higher price targets for Unicaja Banco, which lines up with the updated fair value estimate.
Narrative Update • May 19

UNI: Cautious Outlook Will Persist Despite Higher Earnings Guidance For 2026

Narrative Update The analyst price target for Unicaja Banco has been raised to €2.30 from €1.60. Analysts cite updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E, following a series of recent target increases and rating changes from major firms.
Narrative Update • Jan 24

UNI: Future Returns Will Depend On Executing Against Tighter Mid €2 Expectations

Analysts have lifted their price target for Unicaja Banco to about €2.61 from €2.44, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, in line with recent target moves from Citi, Morgan Stanley and Deutsche Bank. Analyst Commentary Recent target moves cluster in a relatively tight band around €2.20 to €2.60.
Narrative Update • Jan 09

UNI: Reassessed Earnings Power Will Support Higher Fair Value Per Share

Analysts have lifted their price target on Unicaja Banco, reflecting updated fair value estimates of €3.09 per share, supported by recent target increases from €2 to €2.20 and from €2.25 to €2.55, alongside revised assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research updates point to a more constructive stance on Unicaja Banco, with bullish analysts lifting their fair value estimates into a €2.20 to €2.55 range.
Narrative Update • Dec 23

UNI: Future Returns Will Hinge On Execution As Re-Rating Appears Unlikely

The analyst price target for Unicaja Banco has been modestly raised to approximately EUR 2.44 from EUR 2.39, as analysts factor in slightly higher expected profitability and future earnings multiples despite generally cautious ratings. Analyst Commentary Recent research updates reflect a mixed but incrementally constructive stance on Unicaja Banco, with modest target price upgrades offset by cautious rating profiles.
Narrative Update • Dec 09

UNI: Future Performance Will Depend On Execution As Upside Appears Limited

Analysts have modestly raised their price target on Unicaja Banco, reflecting incremental upward revisions from EUR 2 to EUR 2.20 and from EUR 2.25 to EUR 2.55, as they acknowledge improving earnings that are, however, viewed as largely priced in. Analyst Commentary Recent Street research reflects a cautiously balanced stance on Unicaja Banco, with modest target price increases paired with restrained ratings and an emphasis on limited re-rating potential at current levels.
Narrative Update • Nov 24

UNI: Future Performance Will Hinge On Execution Amid Balanced Earnings Outlook

Analysts have increased their fair value estimate for Unicaja Banco to €2.39 from €2.10. They cite stronger revenue growth, improved profit margins, and a modest decrease in the discount rate as key drivers for the upward adjustment in the price target.
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New Narrative • Dec 27

Strong Mutual Fund Growth And Stable Deposit Costs Will Boost Net Interest Margins

Strong mutual fund growth boosts asset management revenue, alongside stable deposit costs improving potential net interest margins for Unicaja Banco.

CEO Compensation Analysis

How has Isidro Gil's remuneration changed compared to Unicaja Banco's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

€649m

Mar 31 2026n/an/a

€629m

Dec 31 2025n/an/a

€626m

Sep 30 2025n/an/a

€618m

Jun 30 2025n/an/a

€610m

Mar 31 2025n/an/a

€613m

Dec 31 2024€618k€555k

€566m

Sep 30 2024n/an/a

€426m

Jun 30 2024n/an/a

€406m

Mar 31 2024n/an/a

€337m

Dec 31 2023€152kn/a

€260m

Compensation vs Market: Insufficient data to establish whether Isidro's total compensation is reasonable compared to companies of similar size in the Spanish market.

Compensation vs Earnings: Isidro's compensation has increased by more than 20% in the past year.

CEO

Isidro Gil (61 yo)

3.1yrs
Tenure
€618,000
Compensation

Mr. Isidro Rubiales Gil was Deputy Managing Director to Executive Chairman at Unicaja Banco, S.A. and serves as its Chief Executive Officer from August 2023. He is Director of Unicaja Banco, S.A. from Sept...

Leadership Team

NamePositionTenureCompensationOwnership
Isidro Gil
CEO & Director3.1yrs€618.00kno data
Jose Ramon Serrano
Secretary & Directorless than a year€112.00kno data
Pablo González Martín
CFO & Managing Director of Finance1.5yrsno datano data
José De La Vega Butcher
Managing Director of Technology & Operationsno datano datano data
Jaime Marcos
Head of Investor Relationsno datano datano data
Juan S. Serramitjana
Managing Director of Peopleno datano datano data
Jesús Navarro Martin
Managing Director of Internal Auditno datano datano data
Cedric Blanchetiere
Chief Risk Officer & Director of Global Risk Controlno datano datano data
Francisco Pérez Gavilán
Managing Director of Credit Risk & ESGno datano datano data
Severino Jesus Suarez
Managing Director of Transformationno datano datano data
Jesus Mochales
Managing Director of Corporate Businessno datano datano data
Vicente Orti Gisbert
Managing Director of General Secretariat & Governing Bodiesno datano datano data
1.5yrs
Average Tenure
55yo
Average Age

Experienced Management: UNI's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Isidro Gil
CEO & Director3yrs€618.00kno data
Jose Ramon Serrano
Secretary & Director3.5yrs€112.00kno data
Braulio Medel Camara
Chairman Emeritus10.3yrsno datano data
Jose Alvarez
Independent Non-Executive Chairman2.4yrs€271.00kno data
Maria Arjonilla Lopez
Independent Director6.7yrs€117.00kno data
Nuria Perez
Independent Director3.2yrs€124.00kno data
Carolina Martinez-Caro
Independent Director4.5yrs€127.00kno data
Rafael de la Maza
Propietary Director4.5yrs€93.00kno data
Miguel Moreno
Vice Chairman of the Board3.5yrs€89.00kno data
Antonio Morales
Independent Director2.9yrs€113.00kno data
Rocio Funcia
Independent Coordinating Director2.9yrs€137.00kno data
Ines Arrue
Independent Director3.2yrs€105.00kno data
3.3yrs
Average Tenure
61.5yo
Average Age

Experienced Board: UNI's board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 17:46
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
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 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

Unicaja Banco, S.A. is covered by 25 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Javier Esteban LarioBanco de Sabadell. S.A.
Jesús Gómez DominguezBanco Santander
Cecilia Romero ReyesBarclays