Unicaja Banco, S.A.

BATS-CHIXE:UNIE Stock Report

Market Cap: €3.4b

Unicaja Banco Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
€1.91
Fair Value
32.7% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: UNIE (€1.29) is trading below our estimate of fair value (€1.91)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UNIE. This is calculated by dividing UNIE's market cap by their current earnings.
What is UNIE's PE Ratio?
PE Ratio7.9x
Earnings€425.85m
Market Cap€3.36b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UNIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.8x
HSBK Halyk Bank of Kazakhstan
3.6xn/aUS$5.4b
TBCG TBC Bank Group
4.9x17.4%UK£1.7b
BGEO Bank of Georgia Group
3x-4.1%UK£2.0b
STAN Standard Chartered
7.8x5.5%UK£25.8b
UNIE Unicaja Banco
7.9x-1.9%€3.4b

Price-To-Earnings vs Peers: UNIE is expensive based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (4.8x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies50PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UNIE is good value based on its Price-To-Earnings Ratio (7.9x) compared to the European Banks industry average (8.2x).

Price to Earnings Ratio vs Fair Ratio

What is UNIE'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.

UNIE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UNIE's Price-To-Earnings Fair Ratio for valuation analysis.

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 UNIE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€1.47
0%
16.8%€2.30€1.20n/a16
Jan ’26n/a
€1.45
0%
16.0%€2.20€1.17n/a16
Dec ’25n/a
€1.44
0%
16.1%€2.20€1.17n/a16
Nov ’25€1.09
€1.42
+30.4%
17.3%€2.20€1.13n/a16
Oct ’25€1.15
€1.47
+27.6%
15.8%€2.20€1.20n/a15
Sep ’25n/a
€1.46
0%
15.4%€2.20€1.20n/a16
Aug ’25€1.28
€1.47
+15.0%
14.8%€2.20€1.20n/a16
Jul ’25€1.27
€1.43
+12.7%
14.8%€2.10€1.20n/a16
Jun ’25n/a
€1.42
0%
14.7%€2.10€1.20n/a16
May ’25€1.17
€1.37
+16.4%
16.5%€2.10€1.10n/a16
Apr ’25n/a
€1.30
0%
19.0%€2.00€1.00n/a15
Mar ’25n/a
€1.34
0%
22.1%€2.00€1.00n/a15
Feb ’25n/a
€1.33
0%
21.1%€1.80€0.96n/a15
Jan ’25n/a
€1.40
0%
18.9%€2.00€1.02n/a15
Dec ’24€1.02
€1.42
+39.2%
17.4%€2.00€1.08n/a15
Nov ’24€0.98
€1.43
+45.1%
17.1%€2.00€1.08€1.0915
Oct ’24n/a
€1.40
0%
15.9%€1.90€1.06€1.1514
Sep ’24n/a
€1.40
0%
15.9%€1.90€1.06n/a14
Aug ’24n/a
€1.38
0%
16.4%€1.90€1.02€1.2815
Jul ’24n/a
€1.40
0%
20.3%€2.00€0.98€1.2715
Jun ’24€0.94
€1.39
+48.4%
19.9%€2.00€0.98n/a15
May ’24€0.91
€1.45
+58.4%
17.1%€2.00€1.05€1.1715
Apr ’24n/a
€1.46
0%
15.9%€2.00€1.15n/a15
Mar ’24€1.19
€1.46
+23.0%
15.0%€2.00€1.15n/a15
Feb ’24€1.25
€1.43
+14.4%
15.1%€2.00€1.15n/a15
Jan ’24n/a
€1.38
0%
15.7%€2.00€1.13n/a14
Analyst Price Target
Consensus Narrative from 16 Analysts
€1.43
Fair Value
10.0% undervalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 13:15
End of Day Share Price 2025/01/06 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

Unicaja Banco, S.A. is covered by 31 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carlos PeixotoBanco BPI, S.A.
Javier Esteban LarioBanco de Sabadell. S.A.
null nullBanco de Sabadell. S.A.