BATS-CHIXE:UNIRM

Stock Analysis Report

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Executive Summary

Unieuro S.p.A. operates a chain of consumer electronics and appliance stores in Italy. More Details

Rewards

Trading at 86.9% below our estimate of its fair value

Earnings grew by 93.8% over the past year

Risk Analysis

No risks detected for UNIRM from our risk checks.


Snowflake Analysis

Outstanding track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: UNIRM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: UNIRM's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

0%

UNIRM

0.9%

GB Specialty Retail

-0.5%

GB Market


1 Year Return

8.5%

UNIRM

0.7%

GB Specialty Retail

-8.2%

GB Market

Return vs Industry: UNIRM exceeded the UK Specialty Retail industry which returned 0.7% over the past year.

Return vs Market: UNIRM exceeded the UK Market which returned -8.2% over the past year.


Shareholder returns

UNIRMIndustryMarket
7 Day0%0.9%-0.5%
30 Day0.8%0.04%3.0%
90 Day23.8%3.4%14.1%
1 Year8.5%8.5%0.9%0.7%-4.5%-8.2%
3 Year17.2%0.7%12.9%5.1%3.7%-9.0%
5 Yearn/a10.9%-3.9%42.1%14.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UNIRM (€14.54) is trading below our estimate of fair value (€110.83)

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


Price To Earnings Ratio

PE vs Industry: UNIRM is good value based on its PE Ratio (4.7x) compared to the GB Specialty Retail industry average (19.4x).

PE vs Market: UNIRM is good value based on its PE Ratio (4.7x) compared to the UK market (22.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UNIRM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UNIRM is overvalued based on its PB Ratio (1.9x) compared to the GB Specialty Retail industry average (1.7x).


Next Steps

Future Growth

How is Unieuro forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-2.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if UNIRM's forecast earnings growth is above the savings rate (1%).

Earnings vs Market: Insufficient data to determine if UNIRM's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: UNIRM's revenue is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: UNIRM's revenue is forecast to decline over the next 3 years (-2.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if UNIRM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Unieuro performed over the past 5 years?

37.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UNIRM has high quality earnings.

Growing Profit Margin: UNIRM's current net profit margins (2.2%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: UNIRM's earnings have grown significantly by 37.8% per year over the past 5 years.

Accelerating Growth: UNIRM's earnings growth over the past year (93.8%) exceeds its 5-year average (37.8% per year).

Earnings vs Industry: UNIRM earnings growth over the past year (93.8%) exceeded the Specialty Retail industry -13.3%.


Return on Equity

High ROE: UNIRM's Return on Equity (41.7%) is considered outstanding.


Next Steps

Financial Health

How is Unieuro's financial position?


Financial Position Analysis

Short Term Liabilities: UNIRM's short term assets (€545.3M) do not cover its short term liabilities (€876.4M).

Long Term Liabilities: UNIRM's short term assets (€545.3M) exceed its long term liabilities (€479.5M).


Debt to Equity History and Analysis

Debt Level: UNIRM is debt free.

Reducing Debt: UNIRM has no debt compared to 5 years ago when its debt to equity ratio was 84%.

Debt Coverage: UNIRM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: UNIRM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Unieuro current dividend yield, its reliability and sustainability?

11.98%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate UNIRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UNIRM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UNIRM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UNIRM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: UNIRM is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UNIRM's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Giancarlo Monterastelli (61 yo)

4.08yrs

Tenure

Mr. Giancarlo Nicosanti Monterastelli has been the Chief Executive Officer, Managing Director and Director at Unieuro S.p.A. since December 12, 2016 and served as its Chief Commercial Officer. Mr. Monteras...


Leadership Team

NamePositionTenureCompensationOwnership
Giancarlo Monterastelli
MD, CEO & Director4.08yrsno datano data
Italo Valenti
CFO & Financial Reporting Officer3.92yrsno datano data
Luigi Fusco
Chief Operations Officerno datano datano data
Nicola Sautto
Admin & Control Directorno datano datano data
Andrea Scozzoli
Chief Corporate Development Officerno datano datano data
Marco Titi
Marketing Directorno datano datano data
Paolo Botticelli
Human Resources Directorno datano datano data
Bruna Olivieri
Chief Omnichannel Officerno datano datano data
Gabriele Gennai
Chief Commercial Officer0.83yrno datano data

3.9yrs

Average Tenure

Experienced Management: UNIRM's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Giancarlo Monterastelli
MD, CEO & Director4.08yrsno datano data
Catia Cesari
Independent Director1.58yrsno datano data
Marino Marin
Independent Director4.08yrsno datano data
Stefano Meloni
Independent Chairman of the Board0.92yrno datano data
Paola Elisabetta Galbiati
Independent Director0.92yrno datano data
Federica Mantini
Member of the Board of Statutory Auditorsno datano datano data
Alessandra Stabilini
Non-Executive Director1.58yrsno datano data
Maurizio Voza
Member of the Board of Statutory Auditors4.08yrsno datano data
Monica Luisa Montironi
Independent Director1.58yrsno datano data
Pietro Caliceti
Independent Director1.58yrsno datano data
Michele Bugliesi
Independent Director0.92yrno datano data
Giuseppina Manzo
Chairman of the Board of Statutory Auditorsno datano datano data

1.6yrs

Average Tenure

52yo

Average Age

Experienced Board: UNIRM's board of directors are not considered experienced ( 1.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Unieuro S.p.A.
  • Ticker: UNIRM
  • Exchange: BATS-CHIXE
  • Founded: NaN
  • Industry: Computer and Electronics Retail
  • Sector: Retail
  • Market Cap: €268.047m
  • Shares outstanding: 20.06m
  • Website: https://unieurospa.com

Number of Employees


Location

  • Unieuro S.p.A.
  • Via V. G. Schiaparelli, 31
  • Forlì
  • Forlì
  • 47122
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNIRBIT (Borsa Italiana)YesCommon StockITEURApr 2017
1UIDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2017
0ROFLSE (London Stock Exchange)YesCommon StockGBEURApr 2017
UNIRMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURApr 2017

Biography

Unieuro S.p.A. operates a chain of consumer electronics and appliance stores in Italy. The company offers telephone systems, computers, photos, large and small appliances, consumer electronics, and media s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 02:30
End of Day Share Price2021/01/13 00:00
Earnings2020/11/30
Annual Earnings2020/02/29


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.