LSE:0Q8M

Stock Analysis Report

UnipolSai Assicurazioni

Executive Summary

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


Snowflake Analysis

Undervalued average dividend payer.


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: 0Q8M's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.9%

0Q8M

20.2%

GB Insurance

6.2%

GB Market


1 Year Return

-9.5%

0Q8M

-26.5%

GB Insurance

-22.7%

GB Market

Return vs Industry: 0Q8M exceeded the UK Insurance industry which returned -26.5% over the past year.

Return vs Market: 0Q8M exceeded the UK Market which returned -22.7% over the past year.


Shareholder returns

0Q8MIndustryMarket
7 Day5.9%20.2%6.2%
30 Day-3.2%-16.5%-17.8%
90 Day-16.8%-26.7%-27.7%
1 Year-3.9%-9.5%-18.4%-26.5%-18.6%-22.7%
3 Year27.7%5.4%-16.9%-31.7%-13.4%-24.6%
5 Year13.4%-20.2%-7.5%-31.1%1.3%-22.0%

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?

31.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0Q8M (€2.18) is trading below our estimate of fair value (€3.17)

Significantly Below Fair Value: 0Q8M is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0Q8M is good value based on its PE Ratio (9.7x) compared to the Insurance industry average (13.2x).

PE vs Market: 0Q8M is good value based on its PE Ratio (9.7x) compared to the UK market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: 0Q8M's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 0Q8M is good value based on its PB Ratio (0.9x) compared to the GB Insurance industry average (1.3x).


Next Steps

Future Growth

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

-0.03%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0Q8M's earnings are forecast to decline over the next 3 years (-0.03% per year).

Earnings vs Market: 0Q8M's earnings are forecast to decline over the next 3 years (-0.03% per year).

High Growth Earnings: 0Q8M's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 0Q8M's revenue is expected to decline over the next 3 years (-4.7% per year).

High Growth Revenue: 0Q8M's revenue is forecast to decline over the next 3 years (-4.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0Q8M's Return on Equity is forecast to be low in 3 years time (8.6%).


Next Steps

Past Performance

How has UnipolSai Assicurazioni performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0Q8M has high quality earnings.

Growing Profit Margin: 0Q8M's current net profit margins (3.9%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: 0Q8M's earnings have grown by 2.5% per year over the past 5 years.

Accelerating Growth: 0Q8M's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0Q8M had negative earnings growth (-30.6%) over the past year, making it difficult to compare to the Insurance industry average (4.5%).


Return on Equity

High ROE: 0Q8M's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is UnipolSai Assicurazioni'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: 0Q8M has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0Q8M's debt is covered by short term assets (assets are 1.9x debt).


Financial Institutions Analysis

Asset Level: 0Q8M's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if 0Q8M has a sufficient allowance for bad loans.

Low Risk Liabilities: 0Q8M reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 0Q8M has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0Q8M has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 0Q8M has an appropriate level of bad loans.


Next Steps

Dividend

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

7.30%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 30 2020Ex Dividend DateMay 18 2020Dividend Pay DateMay 20 20202 days from Ex DividendBuy in the next 49 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 0Q8M's dividend (7.3%) is higher than the bottom 25% of dividend payers in the UK market (2.7%).

High Dividend: 0Q8M's dividend (7.3%) is in the top 25% of dividend payers in the UK market (7.3%)


Stability and Growth of Payments

Stable Dividend: 0Q8M's dividend payments have been volatile in the past 10 years.

Growing Dividend: 0Q8M's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71%), 0Q8M's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 0Q8M's dividends in 3 years are forecast to be covered by earnings (72.9% payout ratio).


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Matteo Laterza (54yo)

3.92s

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

NamePositionTenureCompensationOwnership
Matteo Laterza
General Manager3.92yrsno datano data
Maurizio Castellina
Manager in Charge of Financial Reporting4.17yrsno datano data
Adriano Donati
Head of Investor Relationsno datano datano data
Pier Bedogni
Risk Management Department Head8.58yrsno datano data
Giorgio Borghino
Audit & Risk Management Department Head8.58yrsno datano data
Enrico Pietro
Co-General Manager & Head of Insuranceno datano datano data
Maria Parmigiani
Head of Sustainabilityno datano datano data
Walter Visani
Head of Ethicsno datano datano data
Stefano Genovese
Head of Institutional Relationsno datano datano data
Roberto Giay
Secretary of the Boardno datano datano data

6.4yrs

Average Tenure

54yo

Average Age

Experienced Management: 0Q8M's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paolo Fumagalli
Chairman of Statutory Auditors4.67yrsno datano data
Pierluigi Stefanini
Vice Chairman7.33yrs€206.25kno data
Carlo Cimbri
Chairman of the Board3.92yrs€806.25kno data
Francesco Vella
Director6.92yrs€71.00kno data
Massimo Masotti
Director6.92yrs€71.25kno data
Fabio Cerchiai
Vice Chairman3.92yrs€560.51kno data
Maria Maugeri
Director6.92yrs€43.25kno data
Maria Montagnani
Director7.42yrs€57.50kno data
Nicla Picchi
Director7.42yrs€75.75kno data
Barbara Tadolini
Director7.42yrs€38.25kno data

6.9yrs

Average Tenure

59yo

Average Age

Experienced Board: 0Q8M's board of directors are considered experienced (6.9 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: 0Q8M
  • Exchange: LSE
  • Founded: 2014
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €6.198b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
USBIT (Borsa Italiana)YesOrdinary SharesITEURNov 1980
SOANDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1980
0Q8MLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1980
UNPL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1980
USMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1980
USWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 1980

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 accident; health; land vehicle hulls; railway rolling stocks; aircrafts; sea, lake, and river vessels; goods in transit; fire; other damage to property; land vehicle third party liabilities (TPL); aircraft TPL; sea, lake, and river TPL; general TPL; credit; bonds; pecuniary losses; legal expenses; and assistance. It also provides life insurance products and services that include whole and term life insurance, unit linked/indexed link policies, health, capitalization insurance, and pension funds. In addition, the company engages in the bancassurance, real estate management, and hotel business. UnipolSai Assicurazioni S.p.A. was founded in 2014 and is based in Bologna, Italy. UnipolSai Assicurazioni S.p.A. is a subsidiary of Unipol Gruppo S.p.A. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 22:00
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.