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Unipol Gruppo

LSE:0Q6M
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0Q6M
LSE
€3B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Unipol Gruppo S.p.A., together with its subsidiaries, provides insurance and banking services primarily in Italy. The last earnings update was 38 days ago. More info.


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0Q6M Share Price and Events
7 Day Returns
2.1%
LSE:0Q6M
3.5%
GB Insurance
0.6%
GB Market
1 Year Returns
5.6%
LSE:0Q6M
-5%
GB Insurance
1.1%
GB Market
0Q6M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Unipol Gruppo (0Q6M) 2.1% 7.1% 16.3% 5.6% 21% -12.2%
GB Insurance 3.5% 7.8% 9.9% -5% 14.9% 23.7%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0Q6M outperformed the Insurance industry which returned -5% over the past year.
  • 0Q6M outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0Q6M
Industry
5yr Volatility vs Market

0Q6M Value

 Is Unipol Gruppo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Unipol Gruppo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Unipol Gruppo.

LSE:0Q6M Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= €8.41 * 7.3%
€0.62
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. €8.41
Discount Rate (Cost of Equity) See below 12.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0Q6M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 9%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 24%) (128.37%))
1.289
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.289 * 9.02%)
12.85%

Discounted Cash Flow Calculation for LSE:0Q6M using Excess Returns Model Model

The calculations below outline how an intrinsic value for Unipol Gruppo is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0Q6M Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.3% – 12.85%) * €8.41)
€-0.47
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.47 / (12.85% - 1.23%)
€-4.00
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €8.41 + €-4.00
€4.41
LSE:0Q6M Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0Q6M represents 1.00011x of BIT:UNI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00011x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.41 x 1.00011
€4.41
Value per share (EUR) From above. €4.41
Current discount Discount to share price of €4.59
= -1 x (€4.59 - €4.41) / €4.41
-4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Unipol Gruppo is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Unipol Gruppo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Unipol Gruppo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0Q6M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.99
BIT:UNI Share Price ** BIT (2019-04-18) in EUR €4.59
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Unipol Gruppo.

LSE:0Q6M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:UNI Share Price ÷ EPS (both in EUR)

= 4.59 ÷ 0.99

4.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unipol Gruppo is good value based on earnings compared to the GB Insurance industry average.
  • Unipol Gruppo is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Unipol Gruppo's expected growth come at a high price?
Raw Data
LSE:0Q6M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-14.6%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0Q6M PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.64x ÷ -14.6%

-0.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unipol Gruppo earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Unipol Gruppo's assets?
Raw Data
LSE:0Q6M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €7.03
BIT:UNI Share Price * BIT (2019-04-18) in EUR €4.59
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0Q6M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:UNI Share Price ÷ Book Value per Share (both in EUR)

= 4.59 ÷ 7.03

0.65x

* Primary Listing of Unipol Gruppo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unipol Gruppo is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Unipol Gruppo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Unipol Gruppo has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0Q6M Future Performance

 How is Unipol Gruppo expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Unipol Gruppo expected to grow at an attractive rate?
  • Unipol Gruppo's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Unipol Gruppo's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Unipol Gruppo's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0Q6M Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0Q6M Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -14.6%
LSE:0Q6M Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0Q6M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0Q6M Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 313
2022-12-31 317
2021-12-31 11,981 444 1
2020-12-31 11,439 427 2
2019-12-31 11,264 421 2
LSE:0Q6M Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 14,156 2,935 706
2018-06-30 14,429 -1,450 625
2018-03-31 14,326 -1,431 139
2017-12-31 13,894 -704 405
2017-09-30 14,697 -349
2017-06-30 15,048 441 -319
2017-03-31 15,482 -7
2016-12-31 16,740 1,868 330
2016-09-30 17,250 198
2016-06-30 17,468 2,750 177
2016-03-31 17,981 169

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unipol Gruppo's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unipol Gruppo's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0Q6M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Unipol Gruppo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0Q6M Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.44 0.44 0.44 1.00
2022-12-31 0.44 0.44 0.44 1.00
2021-12-31 0.59 0.68 0.45 4.00
2020-12-31 0.58 0.65 0.47 5.00
2019-12-31 0.57 0.63 0.48 5.00
LSE:0Q6M Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.99
2018-06-30 0.88
2018-03-31 0.20
2017-12-31 0.57
2017-09-30 -0.49
2017-06-30 -0.45
2017-03-31 -0.01
2016-12-31 0.47
2016-09-30
2016-06-30 0.25
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unipol Gruppo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Unipol Gruppo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Unipol Gruppo has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0Q6M Past Performance

  How has Unipol Gruppo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Unipol Gruppo's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unipol Gruppo has delivered over 20% year on year earnings growth in the past 5 years.
  • Unipol Gruppo's 1-year earnings growth exceeds its 5-year average (74.4% vs 23.8%)
  • Unipol Gruppo's earnings growth has exceeded the GB Insurance industry average in the past year (74.4% vs 5.3%).
Earnings and Revenue History
Unipol Gruppo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Unipol Gruppo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0Q6M Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14,156.40 706.00 596.70
2018-06-30 14,429.40 624.50 928.30
2018-03-31 14,325.70 139.35 924.60
2017-12-31 13,893.90 404.80 583.00
2017-09-30 14,696.50 -348.60 911.30
2017-06-30 15,047.90 -319.00 882.30
2017-03-31 15,482.35 -6.70 894.85
2016-12-31 16,739.50 329.60 883.00
2016-09-30 17,250.40 197.80 864.90
2016-06-30 17,468.30 176.90 891.10
2016-03-31 17,980.50 168.80 879.90
2015-12-31 18,824.50 271.80 884.90
2015-09-30 19,142.10 328.50 927.50
2015-06-30 19,966.00 345.10 894.50
2015-03-31 21,448.10 318.50 916.50
2014-12-31 21,535.10 194.50 936.50
2014-09-30 21,877.40 16.60 930.30
2014-06-30 21,641.50 -21.90 965.40
2014-03-31 20,699.40 -55.40 970.30
2013-12-31 20,206.40 -77.40 963.30
2013-09-30 20,259.30 197.70 941.10
2013-06-30 20,974.80 218.30 938.20
2013-03-31 17,648.30 253.70 820.10
2012-12-31 14,453.30 289.70 721.10
2012-09-30 10,956.70 0.80 611.60
2012-06-30 8,023.60 -65.50 504.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Unipol Gruppo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Unipol Gruppo used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Unipol Gruppo has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Unipol Gruppo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Unipol Gruppo has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0Q6M Health

 How is Unipol Gruppo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Unipol Gruppo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unipol Gruppo's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Unipol Gruppo's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Unipol Gruppo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Unipol Gruppo Company Filings, last reported 3 months ago.

LSE:0Q6M Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,326.60 4,215.70 552.60
2018-06-30 6,691.60 6,374.40 800.50
2018-03-31 6,691.60 6,374.40 800.50
2017-12-31 7,453.00 6,472.10 965.10
2017-09-30 7,453.00 6,872.00 965.10
2017-06-30 7,181.80 5,826.30 967.80
2017-03-31 7,181.80 5,826.30 967.80
2016-12-31 8,133.60 7,027.10 811.90
2016-09-30 8,270.00 0.00 10,394.00
2016-06-30 8,006.10 6,816.80 1,167.30
2016-03-31 8,358.00 2,535.00 1,259.00
2015-12-31 8,444.60 7,164.70 1,281.30
2015-09-30 8,309.00 2,558.00 10,953.00
2015-06-30 8,106.20 7,354.60 1,697.80
2015-03-31 9,024.00 2,629.00 1,429.00
2014-12-31 8,439.80 7,119.20 1,066.30
2014-09-30 8,418.00 2,618.00 1,629.00
2014-06-30 8,089.80 6,525.70 1,405.30
2014-03-31 8,142.00 3,885.00 10,826.00
2013-12-31 7,481.00 6,478.70 1,407.20
2013-09-30 7,482.00 3,749.00 1,688.00
2013-06-30 7,241.00 6,808.20 1,567.00
2013-03-31 6,945.00 4,033.00 11,722.00
2012-12-31 7,264.50 5,402.40 1,287.10
2012-09-30 6,428.00 4,086.00 11,947.00
2012-06-30 3,502.80 5,812.60 702.00
  • Unipol Gruppo's level of debt (66.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (86.1% vs 66.6% today).
  • Debt is well covered by operating cash flow (69.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
X
Financial health checks
We assess Unipol Gruppo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Unipol Gruppo has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0Q6M Dividends

 What is Unipol Gruppo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.92%
Current annual income from Unipol Gruppo dividends. Estimated to be 4.36% next year.
If you bought €2,000 of Unipol Gruppo shares you are expected to receive €78 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unipol Gruppo's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Unipol Gruppo's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Unipol Gruppo before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0Q6M Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0Q6M Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.25 1.00
2022-12-31 0.25 1.00
2021-12-31 0.20 5.00
2020-12-31 0.20 6.00
2019-12-31 0.19 6.00
LSE:0Q6M Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.180 4.048
2019-02-08 0.180 4.481
2018-03-26 0.180 4.832
2018-03-22 0.180 4.516
2017-04-06 0.180 4.606
2017-02-10 0.180 4.839
2016-04-05 0.180 6.324
2016-02-12 0.180 5.257
2015-03-20 0.170 3.837
2015-03-19 0.170 3.771
2014-03-20 0.162 3.796
2013-03-21 0.150 4.666
2011-11-10 0.000 0.000
2011-08-04 0.000 0.000
2011-05-12 0.000 0.000
2011-04-04 0.000 0.000
2011-03-24 0.000 0.000
2010-03-25 4.000 7.143
2009-11-12 0.000 0.000
2009-07-15 0.000 0.000
2009-06-30 0.000 0.000
2009-05-14 0.000 0.000
2009-04-23 41.610 43.193

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Unipol Gruppo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Unipol Gruppo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Unipol Gruppo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Unipol Gruppo has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0Q6M Management

 What is the CEO of Unipol Gruppo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Carlo Cimbri
COMPENSATION €2,975,519
AGE 53
TENURE AS CEO 9.3 years
CEO Bio

Mr. Carlo Cimbri has been the Chief Executive Officer of Fondiaria-SAI S.p.A since November 2012. Mr. Cimbri has been the Chief Executive Officer of Unipol Gruppo Finanziario S.p.A. since April 29, 2010 and as General Manager since 2007. He served as a Chief Executive Officer of UnipolSai Assicurazioni S.p.A. and has been its Chairman of the Board since May 13, 2016. He has been the Chief Executive Officer of Milano Assicurazioni S.p.A. since December 2012 and serves as Managing Director. He has been the Chief Executive Officer of Unipol Assicurazioni S.p.A. since 2009. He serves as a Managing Director of UGF Banca S.p.A. He served as Joint General Manager at Unipol Gruppo Finanziario S.p.A. From 1990 to 1993, Mr. Cimbri served as a member of the Unipol Finanziaria S.p.A. Finance Department. From 2001 to 2007, he served as the Manager, Joint General Manager and General Manager of Unipol Assicurazioni S.p.A. From 1996 to 2000, he served as the Manager of Finsoe S.p.A. From 1994 to 1995, he served as a Member of Group Planning and Management Control Department of Unipol Assicurazioni S.p.A. He served as the Chairman of UniSalute S.p.A. Until 2009 and served as its Director since 2001. He served as Chairman of Navale Assicurazioni S.p.A. and served as its Director since 2000. He served as the Chairman of Navale Vita S.p.A. and served as its Vice Chairman since 2006. Mr. Cimbri served as Chairman of Linear S.p.A. Until 2010 and served as its Director since 2001. From 2001 to 2003, Mr. Cimbri served as Vice Chairman of Unipol SGR S.p.A. and served as its Director since 1999. He serves as a Director of HOPA S.P.A. He has been Director of Unipol Gruppo Finanziario S.p.A. since April 29, 2010. He has been a Director of Fondiaria-SAI S.p.A. since 2012. Mr. Cimbri has been a Director of Unipol Banca S.p.A. since 2002. He has been a Director of RCS MediaGroup S.p.A. since September 26, 2016. He has been a Director of Euresa GEIE since 2010. He has been a Director of Euresa Holding since 2010. Mr. Cimbri has been a Member of the Board of Directors of Nomisma S.p.A. since 2011. He has been a Member of the Board of Directors of Premafin Finanziaria SpA since September 2012. He has been Director of Generale Mobiliare Interessenze Azionarie S.p.A. since February 01, 2013. He has been a Director at UnipolSai Assicurazioni S.p.A. since April 29, 2013. He serves as Director of Milano Assicurazioni SpA. He has been a Director of Gemina S.p.A. since February 1, 2013. He serves as a Director of ‘Fondazione Centro Studi Investimenti Sociali’ (Censis Foundation). He serves as a Member of the Board of Directors of FeBAF (Federazione delle Banche, delle Assicurazioni e della Finanza – Banking, Insurance and Financial Federation). From 2000 to 2006, he served as a Member of the Board of Directors of BNL Vita S.p.A. He served as a Director of UGF Merchant – Banca per le Imprese S.p.A. since 2001. He earned First-class honours degree in Economics and Commerce from Bologna University.

CEO Compensation
  • Carlo's compensation has been consistent with company performance over the past year.
  • Carlo's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Carlo Cimbri

TITLE
Group CEO
COMPENSATION
€3M
AGE
53
TENURE
9.3 yrs

Riccardo Baudi

TITLE
Chief Investment Officer

Maurizio Castellina

TITLE
General Manager of Administration
AGE
61

Adriano Donati

TITLE
Head of Investor Relations

V. Corsano

TITLE
Chief Organization

Roberto Giay

TITLE
GM of Governance

A. Federici

TITLE
Chief Corporate Communication and Media Relations Officer

Eugenio Ferioli

TITLE
President of Unipol Merchant Spa and Vice President of Unipol Banca Spa
TENURE
13.2 yrs

Alfonso Galante

TITLE
Chief Strategic Planning
AGE
51

G. Siciliano

TITLE
Chief Regulation & Economic Studies
Board of Directors Tenure

Average tenure and age of the Unipol Gruppo board of directors in years:

6.3
Average Tenure
63
Average Age
  • The tenure for the Unipol Gruppo board of directors is about average.
Board of Directors

Pierluigi Stefanini

TITLE
Chairman of the Board
COMPENSATION
€659K
AGE
65
TENURE
13.3 yrs

Carlo Cimbri

TITLE
Group CEO
COMPENSATION
€3M
AGE
53

Maria Pasquariello

TITLE
Vice Chairman of the Board
COMPENSATION
€44K
AGE
64
TENURE
3 yrs

Enea Mazzoli

TITLE
Honorary Chairman

Pier Morara

TITLE
Director
COMPENSATION
€59K
AGE
63
TENURE
13.3 yrs

Giuseppina Gualtieri

TITLE
Director
COMPENSATION
€67K
AGE
61
TENURE
6.3 yrs

Rossana Zambelli

TITLE
Director
COMPENSATION
€87K
AGE
60
TENURE
6.3 yrs

Mario Civetta

TITLE
Chairman of the Board of Statutory Auditors
AGE
52
TENURE
3.3 yrs

Mario Zucchelli

TITLE
Director
COMPENSATION
€53K
AGE
72
TENURE
6 yrs

Claudio Levorato

TITLE
Director
COMPENSATION
€45K
AGE
69
TENURE
24.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Unipol Gruppo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Unipol Gruppo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0Q6M News

Simply Wall St News

0Q6M Company Info

Description

Unipol Gruppo S.p.A., together with its subsidiaries, provides insurance and banking services primarily in Italy. The company operates through Non-Life Insurance Business, Life Insurance Business, Banking Business, Real Estate Business, and Holding and Other Businesses segments. It offers non-life and life insurance products; and reinsurance services to small and medium sized companies. The company also provides traditional banking, portfolio management, and other investment services; and consumer credit, including personal loans and zero-rate financing services. In addition, it is involved in the management of real estate properties; operation of resorts, hotels, and apartments; and agricultural and healthcare businesses. The company was formerly known as Unipol Gruppo Finanziario S.p.A. and changed its name to Unipol Gruppo S.p.A. in June 2017. Unipol Gruppo S.p.A. was founded in 1961 and is based in Bologna, Italy.

Details
Name: Unipol Gruppo S.p.A.
0Q6M
Exchange: LSE
Founded: 1961
€3,284,008,259
715,470,209
Website: http://www.unipol.it
Address: Unipol Gruppo S.p.A.
Via Stalingrado, 45,
Bologna,
Bologna, 40128,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT UNI Common Stock Borsa Italiana IT EUR 02. Jan 1992
OTCPK UPZP.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB UIPN Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0Q6M Common Stock London Stock Exchange GB EUR 02. Jan 1992
WBAG UNI Common Stock Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE UNIM Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
13,098
Unipol Gruppo employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:19
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.