UnipolSai Assicurazioni
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
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 6.2% per year for the next 3 years
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
| USM | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.2% | 2.4% |
| 30 Day | 0% | 2.6% | 3.2% |
| 90 Day | -0.5% | 6.4% | 2.1% |
| 1 Year | 2.5%-5.0% | 44.8%38.6% | 29.9%24.0% |
| 3 Year | 31.2%6.5% | 8.0%-10.7% | 14.9%1.2% |
| 5 Year | 54.3%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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 18:49 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.