| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
UCG Stock Overview
UniCredit S.p.A. operates as a commercial bank that provides retail, corporate, and private banking services.
UniCredit Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €9.71 |
| 52 Week High | €15.93 |
| 52 Week Low | €7.75 |
| Beta | 1.89 |
| 1 Month Change | -10.24% |
| 3 Month Change | -5.64% |
| 1 Year Change | -3.86% |
| 3 Year Change | -8.95% |
| 5 Year Change | -42.82% |
| Change since IPO | -92.16% |
Recent News & Updates
Shareholder Returns
| UCG | IT Banks | IT Market | |
|---|---|---|---|
| 7D | -5.1% | 3.3% | 1.1% |
| 1Y | -3.9% | -15.0% | -15.6% |
Return vs Industry: UCG exceeded the Italian Banks industry which returned -15% over the past year.
Return vs Market: UCG exceeded the Italian Market which returned -15.6% over the past year.
Price Volatility
| UCG volatility | |
|---|---|
| UCG Average Weekly Movement | 6.7% |
| Banks Industry Average Movement | 4.8% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in IT Market | 7.2% |
| 10% least volatile stocks in IT Market | 3.3% |
Stable Share Price: UCG is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: UCG's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Italian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1870 | 78,571 | Andrea Orcel | https://www.unicreditgroup.eu |
UniCredit S.p.A. operates as a commercial bank that provides retail, corporate, and private banking services. It offers accounts and deposits, loans, cards, transactions and payments, funds, advisory, treasury, and insurance products, as well as digital and mobile banking services. The company also provides solutions for payments and liquidity, working capital, hedging, international trade, and treasury operations; and funding solutions comprising of structured, project, and commodity trade and export finance, as well as debt and equity funding; and structured investments and investments advisory solutions.
UniCredit Fundamentals Summary
| UCG fundamental statistics | |
|---|---|
| Market Cap | €20.74b |
| Earnings (TTM) | €864.00m |
| Revenue (TTM) | €13.11b |
23.7x
P/E Ratio0.3x
P/B RatioIs UCG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| UCG income statement (TTM) | |
|---|---|
| Revenue | €13.11b |
| Cost of Revenue | €0 |
| Gross Profit | €13.11b |
| Other Expenses | €12.25b |
| Earnings | €864.00m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 26, 2022
| Earnings per share (EPS) | 0.41 |
| Gross Margin | 100.00% |
| Net Profit Margin | 6.59% |
| Debt/Equity Ratio | 141.7% |
How did UCG perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield18%
Payout RatioValuation
Is UCG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for UCG?
Other financial metrics that can be useful for relative valuation.
| What is UCG's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | €20.74b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.9x |
Price to Earnings Ratio vs Peers
How does UCG's PE Ratio compare to its peers?
| UCG PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.5x | ||
ISP Intesa Sanpaolo | 9.9x | 15.9% | €36.5b |
MB Mediobanca Banca di Credito Finanziario | 7.8x | -0.8% | €7.3b |
FBK FinecoBank Banca Fineco | 17.7x | 12.2% | €7.3b |
BAMI Banco BPM | 6.5x | 16.1% | €4.3b |
UCG UniCredit | 23.7x | 26.5% | €20.7b |
Price-To-Earnings vs Peers: UCG is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (10.5x).
Price to Earnings Ratio vs Industry
How does UCG's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: UCG is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the Italian Banks industry average (6.7x)
Price to Earnings Ratio vs Fair Ratio
What is UCG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 23.7x |
| Fair PE Ratio | 15.1x |
Price-To-Earnings vs Fair Ratio: UCG is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).
Share Price vs Fair Value
What is the Fair Price of UCG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: UCG (€9.71) is trading below our estimate of fair value (€18.7)
Significantly Below Fair Value: UCG is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: UCG is good value based on its PEG Ratio (0.9x)
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Future Growth
How is UniCredit forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
26.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UCG's forecast earnings growth (26.5% per year) is above the savings rate (1.7%).
Earnings vs Market: UCG's earnings (26.5% per year) are forecast to grow faster than the Italian market (10.3% per year).
High Growth Earnings: UCG's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UCG's revenue (2.5% per year) is forecast to grow faster than the Italian market (0.3% per year).
High Growth Revenue: UCG's revenue (2.5% 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 (6.9%).
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Past Performance
How has UniCredit performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
33.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UCG has a large one-off loss of €1.7B impacting its March 31 2022 financial results.
Growing Profit Margin: UCG's current net profit margins (6.6%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: UCG has become profitable over the past 5 years, growing earnings by 33.5% per year.
Accelerating Growth: UCG's earnings growth over the past year (35.8%) exceeds its 5-year average (33.5% per year).
Earnings vs Industry: UCG earnings growth over the past year (35.8%) underperformed the Banks industry 35.8%.
Return on Equity
High ROE: UCG's Return on Equity (1.5%) is considered low.
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Financial Health
How is UniCredit's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
4/6Financial Health Score 4/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: UCG's Assets to Equity ratio (15.4x) is moderate.
Allowance for Bad Loans: UCG has a low allowance for bad loans (81%).
Low Risk Liabilities: 79% of UCG's liabilities are made up of primarily low risk sources of funding.
Loan Level: UCG has an appropriate level of Loans to Assets ratio (58%).
Low Risk Deposits: UCG's Loans to Deposits ratio (78%) is appropriate.
Level of Bad Loans: UCG has a high level of bad loans (3.1%).
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Dividend
What is UniCredit current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UCG's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.71%).
High Dividend: UCG's dividend (1.24%) is low compared to the top 25% of dividend payers in the Italian market (5.19%).
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
Earnings Coverage: With its low payout ratio (17.7%), 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 (39.2% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Andrea Orcel (58 yo)
1.17yrs
Tenure
€6,700,443
Compensation
Mr. Andrea Orcel serves as Supervisory Board Member at UniCredit Bank AG since 2021 and serves as Chairman of Supervisory Board since July 14, 2021. He serves as Chief Executive Officer & Director at UniCr...
CEO Compensation Analysis
Compensation vs Market: Andrea's total compensation ($USD7.11M) is above average for companies of similar size in the Italian market ($USD3.51M).
Compensation vs Earnings: Insufficient data to compare Andrea's compensation with company performance.
Leadership Team
Experienced Management: UCG's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: UCG's board of directors are not considered experienced ( 1.2 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
UniCredit S.p.A.'s 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
- Implied Market Cap: €20.737b
- Shares outstanding: 2.11b
- Website: https://www.unicreditgroup.eu
Number of Employees
Location
- UniCredit S.p.A.
- Tower A
- Piazza Gae Aulenti, 3
- Milan
- Milan
- 20154
- Italy
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.