BIT:UCG

Stock Analysis Report

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Executive Summary

UniCredit S.p.A. operates as a commercial bank. More Details

Rewards

Earnings are forecast to grow 70.02% per year

Risk Analysis

No risks detected for UCG from our risk checks.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


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 is not significantly more volatile than the rest 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.


Market Performance


7 Day Return

-3.0%

UCG

-2.3%

IT Banks

-1.8%

IT Market


1 Year Return

-40.1%

UCG

-23.9%

IT Banks

-10.7%

IT Market

Return vs Industry: UCG underperformed the Italian Banks industry which returned -23.3% over the past year.

Return vs Market: UCG underperformed the Italian Market which returned -10.9% over the past year.


Shareholder returns

UCGIndustryMarket
7 Day-3.0%-2.3%-1.8%
30 Day0.8%0.6%0.5%
90 Day14.6%19.7%14.3%
1 Year-40.1%-40.1%-22.3%-23.9%-7.9%-10.7%
3 Year-54.2%-56.0%-34.5%-41.8%-4.9%-14.8%
5 Year-56.9%-80.0%-28.5%-54.1%25.4%-3.0%

Long-Term 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

Valuation

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

0.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: UCG (€7.78) is trading above our estimate of fair value (€6.81)

Significantly Below Fair Value: UCG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UCG is unprofitable, so we can't compare its PE Ratio to the IT Banks industry average.

PE vs Market: UCG is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: UCG is good value based on its PB Ratio (0.3x) compared to the IT Banks industry average (0.5x).


Next Steps

Future Growth

How is UniCredit forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

70.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UCG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: UCG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: UCG's is expected to become profitable in the next 3 years.

Revenue vs Market: UCG's revenue (3.7% per year) is forecast to grow faster than the Italian market (3.1% per year).

High Growth Revenue: UCG's revenue (3.7% 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 (5.6%).


Next Steps

Past Performance

How has UniCredit performed over the past 5 years?

23.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UCG is currently unprofitable.

Growing Profit Margin: UCG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UCG is unprofitable, but has reduced losses over the past 5 years at a rate of 23.5% per year.

Accelerating Growth: Unable to compare UCG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: UCG is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-5.3%).


Return on Equity

High ROE: UCG has a negative Return on Equity (-3.9%), as it is currently unprofitable.


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


Financial Institutions Analysis

Asset Level: UCG's Assets to Equity ratio (14.8x) is moderate.

Allowance for Bad Loans: UCG has a low allowance for bad loans (78%).

Low Risk Liabilities: 76% 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 (66%).

Low Risk Deposits: UCG's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: UCG has a high level of bad loans (3.7%).


Next Steps

Dividend

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

5.65%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate UCG'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 UCG's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: UCG is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Jean Mustier (59 yo)

4.5yrs

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...


Leadership Team

NamePositionTenureCompensationOwnership
Jean Mustier
Group CEO & Director4.5yrsno datano data
Stefano Porro
Chief Financial Officer0.25yrno datano data
Ranieri De Marchis
Co-Chief Operating Officer4.33yrsno datano data
Carlo Vivaldi
Co-Chief Operating Officer1.92yrsno datano data
Richard Burton
Chief Executive Officer of Corporate & Investment Banking Division1.92yrsno datano data
Jörg Pietzner
Head of Group Investor Relationsno datano datano data
Gianpaolo Alessandro
Senior EVP5yrsno datano data
Serenella de Candia
Chief Compliance Officer0.083yrno datano data
Maximilian Hohenberg
Head of Group Identity & Communication2.67yrsno datano data
Paolo Cornetta
Senior EVP & Head of Group Human Capital10.08yrsno datano data
Thiam Lim
Senior EVP & Group Chief Risk Officer12.5yrsno datano data
Guglielmo Zadra
Head of Internal Audit0.67yrno datano data

2.7yrs

Average Tenure

57yo

Average Age

Experienced Management: UCG's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jean Mustier
Group CEO & Director4.5yrsno datano data
Lamberto Andreotti
Independent Deputy Chairman1.25yrsno datano data
Sergio Balbinot
Director4.58yrsno datano data
Stefano Micossi
Independent Director2.75yrsno datano data
Cesare Bisoni
Independent Chairman1.42yrs€125.30kno data
Marco Giuseppe Rigotti
Chairman of Board of Statutory Auditors1.75yrsno datano data
Francesca Tondi
Independent Director2.75yrsno datano data
Mohamed Hamad Hamed Al Mehairi
Independent Director5.25yrs€19.63kno data
Maria Pierdicchi
Independent Director2.75yrsno datano data
Alexander Wolfgring
Independent Director7.67yrs€257.62kno data
Vincenzo Cariello
Independent Director2.75yrsno datano data
Elena Carletti
Independent Non-Executive Director1.92yrsno datano data

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: UCG's board of directors are not considered experienced ( 2.8 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 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: €17.337b
  • Shares outstanding: 2.23b
  • Website: https://www.unicreditgroup.eu

Number of Employees


Location

  • UniCredit S.p.A.
  • Tower A
  • Piazza Gae Aulenti, 3
  • Milan
  • Milan
  • 20154
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNCF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1980
UCGBIT (Borsa Italiana)YesOrdinary SharesITEURNov 1980
0RLSLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1980
CRINDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1980
UCGWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNNov 1980
UCGWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 1980
CRINDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1980
UCGSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFNov 1980
UCG NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNNov 1980
52762405BDL (Bourse de Luxembourg)9.375%-FRN SUB PERP EUR50000 'REGS'LUEURJul 2010
UNCR.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2017
CRIPDB (Deutsche Boerse AG)UNSPONSORD ADRDEEUROct 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, and Central Ea...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 20:06
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
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.