LSE:0RR7

Stock Analysis Report

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.

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: 0RR7 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

0RR7

-2.3%

GB Banks

0.3%

GB Market


1 Year Return

-7.0%

0RR7

-6.0%

GB Banks

6.5%

GB Market

Return vs Industry: 0RR7 matched the UK Banks industry which returned -6% over the past year.

Return vs Market: 0RR7 underperformed the UK Market which returned 6.5% over the past year.


Shareholder returns

0RR7IndustryMarket
7 Day-0.4%-2.3%0.3%
30 Day2.4%-3.0%-1.4%
90 Day7.6%-3.6%2.9%
1 Year-4.2%-7.0%-1.2%-6.0%12.0%6.5%
3 Yearn/a-5.8%-16.7%18.7%3.8%
5 Yearn/a-1.7%-20.4%35.0%4.1%

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

No news available

Valuation

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

9.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0RR7 (€0.95) is trading below our estimate of fair value (€1.05)

Significantly Below Fair Value: 0RR7 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 0RR7 is good value based on its PE Ratio (9x) compared to the Banks industry average (9.1x).

PE vs Market: 0RR7 is good value based on its PE Ratio (9x) compared to the UK market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: 0RR7's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 0RR7 is good value based on its PB Ratio (0.4x) compared to the GB Banks industry average (0.8x).


Next Steps

Future Growth

How is Unicaja Banco forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

-6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RR7's earnings are forecast to decline over the next 3 years (-6.8% per year).

Earnings vs Market: 0RR7's earnings are forecast to decline over the next 3 years (-6.8% per year).

High Growth Earnings: 0RR7's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 0RR7's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: 0RR7's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0RR7's Return on Equity is forecast to be low in 3 years time (4.4%).


Next Steps

Past Performance

How has Unicaja Banco performed over the past 5 years?

-16.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0RR7 has high quality earnings.

Growing Profit Margin: 0RR7's current net profit margins (16.6%) are higher than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: 0RR7's earnings have declined by -16.9% per year over the past 5 years.

Accelerating Growth: 0RR7's earnings growth over the past year (14.3%) exceeds its 5-year average (-16.9% per year).

Earnings vs Industry: 0RR7 earnings growth over the past year (14.3%) underperformed the Banks industry 26.6%.


Return on Equity

High ROE: 0RR7's Return on Equity (4.2%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: 0RR7 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0RR7's debt is covered by short term assets (assets are 16.5x debt).


Financial Institutions Analysis

Asset Level: 0RR7's level of assets compared to its equity is moderate.

Allowance for Bad Loans: 0RR7 has a low allowance for bad loans.

Low Risk Liabilities: 0RR7's liabilities are made up of primarily low risk sources of funding.

Loan Level: 0RR7 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0RR7's loans are broadly funded by customer deposits.

Level of Bad Loans: 0RR7 has a high level of bad loans (5.33%)


Next Steps

Dividend

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

3.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 0RR7's dividend (3.98%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: 0RR7's dividend (3.98%) is low compared to the top 25% of dividend payers in the UK market (5.07%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 0RR7 has been paying a dividend for less than 10 years.

Growing Dividend: 0RR7'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 (35.9%), 0RR7's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 0RR7's dividends in 3 years are forecast to be covered by earnings (54.5% payout ratio).


Next Steps

Management

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

2.8yrs

Average board tenure


CEO

Ángel Rodríguez de Gracia (63yo)

Mr. Angel Rodríguez de Gracia serves as Chief Executive Officer and Director General of Recovery of Asset & Non-Core Business at Unicaja Banco, SA. He served as General Manager of Unicaja Banco, S.A. Mr. R ...


Board Members

NamePositionTenureCompensationOwnership
Manuel Azuaga Moreno
Executive Chairman of the Board3.7yrsno data0.010% 153.1k
Teresa Sáez Ponte
Secretary of the Board & Director1.8yrsno datano data
Ángel Rodríguez de Gracia
CEO, Director General of Recovery of Asset & Non-Core Business and Executive Director0yrsno data0.010% 153.1k
Braulio Medel Cámara
Chairman Emeritus3.7yrsno datano data
Isabel Martín Castella
Independent Director2.8yrsno datano data
Petra Mateos-Aparicio Morales
Director0yrsno datano data
Manuel Conthe Gutiérrez
Independent Director1.8yrsno datano data
Juan Fraile Cantón
Second Vice President of the Board0yrsno datano data
Agustín Molina Morales
Director8.2yrsno datano data
Victorio Valle Sánchez
First Vice President of the Board0yrsno datano data

2.8yrs

Average Tenure

72yo

Average Age

Experienced Board: 0RR7's board of directors are not considered experienced ( 2.8 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: 0RR7
  • Exchange: LSE
  • Founded: 1991
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.530b
  • Shares outstanding: 1.61b
  • 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 Analysis2020/02/24 00:12
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
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.