Executive Summary
UniCredit S.p.A. operates as a commercial bank.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1.2% per year for the next 3 years
Snowflake Analysis
Solid track record with adequate balance sheet.
Similar Companies
Share Price & News
How has UniCredit's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UCG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.9%
UCG
-1.5%
IT Banks
-1.7%
IT Market
1 Year Return
7.9%
UCG
9.3%
IT Banks
15.3%
IT Market
Return vs Industry: UCG matched the Italian Banks industry which returned 9.3% over the past year.
Return vs Market: UCG underperformed the Italian Market which returned 15.3% over the past year.
Shareholder returns
| UCG | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -1.5% | -1.7% |
| 30 Day | 6.6% | 1.4% | -0.2% |
| 90 Day | 17.4% | 13.2% | 4.7% |
| 1 Year | 10.2%7.9% | 15.2%9.3% | 20.6%15.3% |
| 3 Year | 4.8%-49.5% | -7.0%-31.4% | 29.3%10.1% |
| 5 Year | -50.8%-77.6% | -19.2%-51.4% | 27.5%-17.3% |
Price Volatility Vs. Market
How volatile is UniCredit's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Read This Before You Buy UniCredit S.p.A. (BIT:UCG) Because Of Its P/E Ratio8 months ago | Simply Wall St
Does UniCredit S.p.A. (BIT:UCG) Have A Place In Your Portfolio?1 year ago | Simply Wall St
Should UniCredit SpA (BIT:UCG) Be Your Next Stock Pick?Valuation
Is UniCredit undervalued compared to its fair value and its price relative to the market?
7.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UCG (€12.55) is trading above our estimate of fair value (€9.86)
Significantly Below Fair Value: UCG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UCG is good value based on its PE Ratio (7.6x) compared to the Banks industry average (9x).
PE vs Market: UCG is good value based on its PE Ratio (7.6x) compared to the Italian market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: UCG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: UCG is overvalued based on its PB Ratio (0.5x) compared to the IT Banks industry average (0.4x).
Next Steps
Future Growth
How is UniCredit forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
-1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UCG's earnings are forecast to decline over the next 3 years (-1.2% per year).
Earnings vs Market: UCG's earnings are forecast to decline over the next 3 years (-1.2% per year).
High Growth Earnings: UCG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: UCG's revenue (1.1% per year) is forecast to grow slower than the Italian market (3.1% per year).
High Growth Revenue: UCG's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UCG's Return on Equity is forecast to be low in 3 years time (6.8%).
Next Steps
Past Performance
How has UniCredit performed over the past 5 years?
26.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UCG has high quality earnings.
Growing Profit Margin: UCG's current net profit margins (28.7%) are higher than last year (13.8%).
Past Earnings Growth Analysis
Earnings Trend: UCG has become profitable over the past 5 years, growing earnings by 26.3% per year.
Accelerating Growth: UCG's earnings growth over the past year (120.4%) exceeds its 5-year average (26.3% per year).
Earnings vs Industry: UCG earnings growth over the past year (120.4%) exceeded the Banks industry 17.6%.
Return on Equity
High ROE: UCG's Return on Equity (8.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is UniCredit'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: UCG has a low level of unsold assets or inventory.
Debt Coverage by Assets: UCG's debt is covered by short term assets (assets are 1.2x debt).
Financial Institutions Analysis
Asset Level: UCG's level of assets compared to its equity is moderate.
Allowance for Bad Loans: UCG has a low allowance for bad loans.
Low Risk Liabilities: UCG's liabilities are made up of primarily low risk sources of funding.
Loan Level: UCG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UCG's loans are broadly funded by customer deposits.
Level of Bad Loans: UCG has a high level of bad loans (4.94%)
Next Steps
Dividend
What is UniCredit's current dividend yield, its reliability and sustainability?
2.15%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: UCG's dividend (2.15%) is higher than the bottom 25% of dividend payers in the Italian market (1.97%).
High Dividend: UCG's dividend (2.15%) is low compared to the top 25% of dividend payers in the Italian market (4.45%).
Stability and Growth of Payments
Stable Dividend: UCG's dividend payments have been volatile in the past 10 years.
Growing Dividend: UCG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.3%), UCG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UCG's dividends in 3 years are forecast to be well covered by earnings (35.4% payout ratio).
Next Steps
Management
What is the CEO of UniCredit's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Jean Mustier (58yo)
3.4yrs
Tenure
Mr. Jean-Pierre Mustier has been a Partner at Tikehau Capital since January 1, 2015. At Tikehau Capital, Mr. Mustier's primary focus is on its international expansion, while also contributing to the variou ...
Management Age and Tenure
3.3yrs
Average Tenure
55.5yo
Average Age
Experienced Management: UCG's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
2.6yrs
Average Tenure
59.5yo
Average Age
Experienced Board: UCG's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Ranieri De Marchis (58yo)
Co-Chief Operating Officer
- Tenure: 3.3yrs
Jean Mustier (58yo)
CEO & Director
- Tenure: 3.4yrs
Carlo Vivaldi (54yo)
Co-Chief Operating Officer
- Tenure: 0.8yrs
Paolo Cornetta (58yo)
Senior EVP & Head of Group Human Capital
- Tenure: 9yrs
Mirko Davide Bianchi (57yo)
CO- CFO & Senior EVP
- Tenure: 0.9yrs
Maximilian Hohenberg (49yo)
- Tenure: 1.6yrs
Carlo Appetiti (53yo)
Chief Compliance Officer
- Tenure: 5yrs
Gianpaolo Alessandro
Senior EVP
- Tenure: 3.9yrs
Stefano Porro (44yo)
Co-Chief Financial Officer
- Tenure: 0.9yrs
Jörg Pietzner
Head of Group Investor Relations
- Tenure: 0yrs
Board Members
Lamberto Andreotti (68yo)
Deputy Chairman
- Tenure: 0.9yrs
Jean Mustier (58yo)
CEO & Director
- Tenure: 3.4yrs
Sergio Balbinot (61yo)
Director
- Tenure: 3.5yrs
Stefano Micossi (73yo)
Independent Director
- Tenure: 1.7yrs
Cesare Bisoni (75yo)
Independent Chairman
- Tenure: 0.3yrs
- Compensation: €125.30k
Marco Giuseppe Rigotti (52yo)
Chairman of Board of Statutory Auditors
- Tenure: 0.7yrs
Mohamed Hamad Hamed Al Mehairi (44yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: €19.63k
Elena Emilia Zambon (55yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: €89.39k
Isabelle de Wismes (61yo)
Independent Director
- Tenure: 1.7yrs
Alexander Wolfgring (57yo)
Independent Director
- Tenure: 6.6yrs
- Compensation: €257.62k
Company Information
UniCredit S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: UniCredit S.p.A.
- Ticker: UCG
- Exchange: BIT
- Founded: 1870
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €27.903b
- Shares outstanding: 2.22b
- Website: https://www.unicreditgroup.eu
Number of Employees
Location
- UniCredit S.p.A.
- Tower A
- Piazza Gae Aulenti, 3
- Milan
- Milan
- 20154
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UCG | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Nov 1980 |
| UNCF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1980 |
| 0RLS | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Nov 1980 |
| CRIN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1980 |
| UCG | WSE (Warsaw Stock Exchange) | Yes | Ordinary Shares | PL | PLN | Nov 1980 |
| UCG N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Nov 1980 |
| UCG | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Nov 1980 |
| CRIND | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Nov 1980 |
| UCG | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Nov 1980 |
| 52762405 | BDL (Bourse de Luxembourg) | 9.375%-FRN SUB PERP EUR50000 'REGS' | LU | EUR | Jul 2010 | |
| UCG | WSE (Warsaw Stock Exchange) | NPV | PL | PLN | Jan 2017 | |
| UCG | SWX (SIX Swiss Exchange) | NPV | CH | CHF | Jan 2017 | |
| UCG N | BMV (Bolsa Mexicana de Valores) | NPV | MX | MXN | Jan 2017 | |
| 0RLS | LSE (London Stock Exchange) | NPV | GB | EUR | Jan 2017 | |
| UNCR.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2017 | |
| CRIP | DB (Deutsche Boerse AG) | UNSPONSORD ADR | DE | EUR | Oct 2017 |
Biography
UniCredit S.p.A. operates as a commercial bank. The company operates through Commercial Banking Italy, Commercial Banking Germany, Commercial Banking Austria, Corporate & Investment Banking, Central and Ea ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/04 20:39 |
| End of Day Share Price | 2019/12/04 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.