Unione di Banche Italiane S.p.A., together with subsidiaries, provides banking products and services for retail, private banking, corporate, and institutional customers in Italy and internationally.
Reasonable growth potential and fair value.
Share Price & News
How has Unione di Banche Italiane's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UBI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: UBI exceeded the Italian Banks industry which returned -34.9% over the past year.
Return vs Market: UBI exceeded the Italian Market which returned -25.8% over the past year.
Price Volatility Vs. Market
How volatile is Unione di Banche Italiane's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StIf You Had Bought Unione di Banche Italiane (BIT:UBI) Stock Five Years Ago, You'd Be Sitting On A 50% Loss, Today
4 months ago | Simply Wall StThree Things You Should Check Before Buying Unione di Banche Italiane S.p.A. (BIT:UBI) For Its Dividend
1 year ago | Simply Wall StDid Unione di Banche Italiane SpA (BIT:UBI) Create Value For Investors Over The Past Year?
Is Unione di Banche Italiane undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UBI (€2.41) is trading above our estimate of fair value (€1.74)
Significantly Below Fair Value: UBI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UBI is poor value based on its PE Ratio (10.9x) compared to the Banks industry average (6.1x).
PE vs Market: UBI is good value based on its PE Ratio (10.9x) compared to the Italian market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: UBI is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: UBI is good value based on its PB Ratio (0.3x) compared to the IT Banks industry average (0.4x).
How is Unione di Banche Italiane forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UBI's forecast earnings growth (23.4% per year) is above the savings rate (1.2%).
Earnings vs Market: UBI's earnings (23.4% per year) are forecast to grow faster than the Italian market (11.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UBI's revenue (6.6% per year) is forecast to grow faster than the Italian market (0.3% per year).
High Growth Revenue: UBI's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UBI's Return on Equity is forecast to be low in 3 years time (5.2%).
How has Unione di Banche Italiane performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UBI has a large one-off loss of €143.1M impacting its December 31 2019 financial results.
Growing Profit Margin: UBI's current net profit margins (9%) are lower than last year (14%).
Past Earnings Growth Analysis
Earnings Trend: UBI has become profitable over the past 5 years, growing earnings by 49.8% per year.
Accelerating Growth: UBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UBI had negative earnings growth (-36%) over the past year, making it difficult to compare to the Banks industry average (6.9%).
Return on Equity
High ROE: UBI's Return on Equity (3%) is considered low.
How is Unione di Banche Italiane's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: UBI has a low level of unsold assets or inventory.
Debt Coverage by Assets: UBI's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: UBI is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: UBI is profitable, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: UBI's level of assets compared to its equity is moderate.
Allowance for Bad Loans: UBI has a low allowance for bad loans.
Low Risk Liabilities: UBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UBI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: UBI has a high level of bad loans (6.72%)
What is Unione di Banche Italiane's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: UBI's dividend (5.39%) is higher than the bottom 25% of dividend payers in the Italian market (2.4%).
High Dividend: UBI's dividend (5.39%) is low compared to the top 25% of dividend payers in the Italian market (5.84%).
Stability and Growth of Payments
Stable Dividend: UBI's dividend payments have been volatile in the past 10 years.
Growing Dividend: UBI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.7%), UBI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UBI's dividends in 3 years are forecast to be well covered by earnings (44.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Victor Massiah (60yo)
Mr. Victor Massiah has been the Chief Executive Officer of Unione di Banche Italiane S.p.A. since December 01, 2008 and its General Manager since June 01, 2015 and Director since April 12, 2019. Mr. Massia ...
CEO Compensation Analysis
Compensation vs Market: Victor's total compensation ($USD2.23M) is about average for companies of similar size in the Italian market ($USD2.33M).
Compensation vs Earnings: Victor's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairwoman of the Board||1yr||€495.00k||no data|
|CEO, GM & Director||11.33yrs||€2.04m||0.061% €1.7m|
|Senior Deputy GM & COO||8.25yrs||€1.05m||0.0064% €175.3k|
|Deputy GM and Chief Wealth & Welfare Officer||13.25yrs||€564.61k||0.0028% €77.4k|
|Deputy GM & Chief Commercial Officer||3.67yrs||€782.54k||0.0019% €51.2k|
|Head of Administration and Depository Bank Macro Area||no data||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of International Activities||no data||no data||no data|
|Operational Chairman of UBI Sistemi e Servizi||no data||€412.37k||no data|
Experienced Management: UBI's management team is seasoned and experienced (9.8 years average tenure).
|Chairwoman of the Board||1yr||€495.00k||no data|
|CEO, GM & Director||11.33yrs||€2.04m||0.061% €1.7m|
|Honorary Chairman||no data||€1.83m||no data|
|Deputy Chairman of the Board||1yr||no data||no data|
|Honorary Chairman||no data||€459.50k||no data|
|Independent Director||1yr||€125.00k||0.016% €425.4k|
|Independent Director||1yr||no data||no data|
|Independent Director||1.25yrs||no data||no data|
Experienced Board: UBI's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Unione di Banche Italiane S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Unione di Banche Italiane S.p.A.
- Ticker: UBI
- Exchange: BIT
- Founded: 1869
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €2.735b
- Shares outstanding: 1.14b
- Website: https://www.ubibanca.it
Number of Employees
- Unione di Banche Italiane S.p.A.
- Piazza Vittorio Veneto, 8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BPPU.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2003|
|UBI||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jul 2003|
|BPD||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2003|
|0LBN||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jul 2003|
|UBIM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jul 2003|
|UBI||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jul 2003|
Unione di Banche Italiane S.p.A., together with subsidiaries, provides banking products and services for retail, private banking, corporate, and institutional customers in Italy and internationally. The company operates through Banking, Non-Banking Financial, Corporate Center, and Insurance segments. It offers various deposit and loan products; and asset management advisory, bancassurance, investment advice, leasing, factoring services, and online banking services, as well as credit card, ATMs, and mobile banking services. The company also provides financial instruments placement, payments and settlements, and custody and administration services; manages open-ended mutual investment funds; and engages in trustee activities. In addition, Unione di Banche Italiane S.p.A. sells and purchases real estate properties and trades in gold and jewelry; and offers insurance brokerage, and life and non-life insurance services. As of December 31, 2018, it operated approximately 1,648 branches in Italy; and 5 branches internationally, as well as 2,325 ATMs. The company was formerly known as Banche Popolari Unite Scrl. Unione di Banche Italiane S.p.A. was founded in 1869 and is headquartered in Bergamo, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/02 20:53|
|End of Day Share Price||2020/04/02 00:00|
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.