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Market Cap

€7.2b

Last Updated

2021/04/10 18:49 UTC

Data Sources

Company Financials +

Executive Summary

UnipolSai Assicurazioni S.p.A. operates as an insurance company in Italy. More Details


Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

How has UnipolSai Assicurazioni's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine USM's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine USM's volatility change over the past year.


Market Performance


7 Day Return

0%

USM

1.2%

GB Insurance

2.4%

GB Market


1 Year Return

-5.0%

USM

38.6%

GB Insurance

24.0%

GB Market

Return vs Industry: USM underperformed the UK Insurance industry which returned 38.5% over the past year.

Return vs Market: USM underperformed the UK Market which returned 24.4% over the past year.


Shareholder returns

USMIndustryMarket
7 Day0%1.2%2.4%
30 Day0%2.6%3.2%
90 Day-0.5%6.4%2.1%
1 Year2.5%-5.0%44.8%38.6%29.9%24.0%
3 Year31.2%6.5%8.0%-10.7%14.9%1.2%
5 Year54.3%8.4%41.8%5.8%42.4%15.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is UnipolSai Assicurazioni undervalued compared to its fair value and its price relative to the market?

7.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: USM (€2.18) is trading below our estimate of fair value (€2.34)

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


Price To Earnings Ratio

PE vs Industry: USM is good value based on its PE Ratio (8.8x) compared to the GB Insurance industry average (15.2x).

PE vs Market: USM is good value based on its PE Ratio (8.8x) compared to the UK market (25.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: USM is good value based on its PB Ratio (0.9x) compared to the GB Insurance industry average (1.4x).


Future Growth

How is UnipolSai Assicurazioni forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: USM's earnings are forecast to decline over the next 3 years (-6.2% per year).

Earnings vs Market: USM's earnings are forecast to decline over the next 3 years (-6.2% per year).

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

Revenue vs Market: USM's revenue is expected to decline over the next 3 years (-1.5% per year).

High Growth Revenue: USM's revenue is forecast to decline over the next 3 years (-1.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: USM's Return on Equity is forecast to be low in 3 years time (8.3%).


Past Performance

How has UnipolSai Assicurazioni performed over the past 5 years?

8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: USM has high quality earnings.

Growing Profit Margin: USM's current net profit margins (6%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: USM's earnings have grown by 8.5% per year over the past 5 years.

Accelerating Growth: USM's earnings growth over the past year (30.4%) exceeds its 5-year average (8.5% per year).

Earnings vs Industry: USM earnings growth over the past year (30.4%) exceeded the Insurance industry -13%.


Return on Equity

High ROE: USM's Return on Equity (10.5%) is considered low.


Financial Health

How is UnipolSai Assicurazioni's financial position?


Financial Position Analysis

Short Term Liabilities: USM's short term assets (€5.3B) do not cover its short term liabilities (€15.9B).

Long Term Liabilities: USM's short term assets (€5.3B) do not cover its long term liabilities (€51.4B).


Debt to Equity History and Analysis

Debt Level: USM's debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: USM's debt to equity ratio has reduced from 32.4% to 30.6% over the past 5 years.

Debt Coverage: USM's debt is well covered by operating cash flow (41.2%).

Interest Coverage: USM's interest payments on its debt are well covered by EBIT (12.4x coverage).


Balance Sheet


Dividend

What is UnipolSai Assicurazioni current dividend yield, its reliability and sustainability?

7.47%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 11 2021Ex Dividend DateMay 24 2021Dividend Pay DateMay 26 20212 days from Ex DividendBuy in the next 43 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: USM's dividend (7.44%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: USM's dividend (7.44%) is in the top 25% of dividend payers in the UK market (4.24%)


Stability and Growth of Payments

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

Growing Dividend: USM has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.5%), USM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: USM's dividends in 3 years are forecast to be covered by earnings (73.1% payout ratio).


Next Steps

Management

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

8.0yrs

Average management tenure


CEO

Matteo Laterza (55 yo)

5yrs

Tenure

Mr. Matteo Laterza serves as the General Manager of UnipolSai Assicurazioni S.p.A. Mr. Laterza serves as a General Manager of Insurance Business at Unipol Gruppo SpA (formerly Unipol Gruppo Finanziario S.p...


Leadership Team

Experienced Management: USM's management team is seasoned and experienced (8 years average tenure).


Board Members

Experienced Board: USM's board of directors are considered experienced (8 years average tenure).


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

UnipolSai Assicurazioni S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: UnipolSai Assicurazioni S.p.A.
  • Ticker: USM
  • Exchange: BATS-CHIXE
  • Founded: NaN
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €7.191b
  • Shares outstanding: 2.83b
  • Website: https://www.unipolsai.com

Number of Employees


Location

  • UnipolSai Assicurazioni S.p.A.
  • Via Stalingrado, 45
  • Bologna
  • Bologna
  • 40128
  • Italy

Listings


Biography

UnipolSai Assicurazioni S.p.A. operates as an insurance company in Italy. The company provides non-life insurance products and services in the areas of motor vehicle third party liabilities (TPL); sea, lak...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 18:49
End of Day Share Price2021/01/15 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.