Loading...

UnipolSai Assicurazioni

BIT:US
Snowflake Description

Solid track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
US
BIT
€6B
Market Cap
  1. Home
  2. IT
  3. Insurance
Company description

UnipolSai Assicurazioni S.p.A. operates as an insurance company in Italy. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
US Share Price and Events
7 Day Returns
-10.6%
BIT:US
-3.8%
IT Insurance
-1.3%
IT Market
1 Year Returns
16.5%
BIT:US
11.1%
IT Insurance
-9.3%
IT Market
US Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
UnipolSai Assicurazioni (US) -10.6% -8.5% 2.7% 16.5% 24.8% -10.2%
IT Insurance -3.8% -5.1% 8.3% 11.1% 27.2% -7.3%
IT Market -1.3% -5.2% 0.7% -9.3% 1.1% -37.3%
1 Year Return vs Industry and Market
  • US outperformed the Insurance industry which returned 11.1% over the past year.
  • US outperformed the Market in Italy which returned -9.3% over the past year.
Price Volatility
US
Industry
5yr Volatility vs Market

US Value

 Is UnipolSai Assicurazioni undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of UnipolSai Assicurazioni to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for UnipolSai Assicurazioni.

BIT:US Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= €2.11 * 10.8%
€0.23
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. €2.11
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:US
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 24%) (41.2%))
0.97
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (0.97 * 9.02%)
11.68%

Discounted Cash Flow Calculation for BIT:US using Excess Returns Model Model

The calculations below outline how an intrinsic value for UnipolSai Assicurazioni is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BIT:US Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.8% – 11.68%) * €2.11)
€-0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.02 / (11.68% - 2.93%)
€-0.22
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €2.11 + €-0.22
€1.89
BIT:US Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.89
Current discount Discount to share price of €2.22
= -1 x (€2.22 - €1.89) / €1.89
-17.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of UnipolSai Assicurazioni is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for UnipolSai Assicurazioni's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are UnipolSai Assicurazioni's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:US PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.33
BIT:US Share Price ** BIT (2019-05-23) in EUR €2.22
Italy Insurance Industry PE Ratio Median Figure of 7 Publicly-Listed Insurance Companies 8.68x
Italy Market PE Ratio Median Figure of 242 Publicly-Listed Companies 15.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of UnipolSai Assicurazioni.

BIT:US PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:US Share Price ÷ EPS (both in EUR)

= 2.22 ÷ 0.33

6.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UnipolSai Assicurazioni is good value based on earnings compared to the IT Insurance industry average.
  • UnipolSai Assicurazioni is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does UnipolSai Assicurazioni's expected growth come at a high price?
Raw Data
BIT:US PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-10.4%per year
Italy Insurance Industry PEG Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.06x
Italy Market PEG Ratio Median Figure of 160 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

BIT:US PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.83x ÷ -10.4%

-0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UnipolSai Assicurazioni earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on UnipolSai Assicurazioni's assets?
Raw Data
BIT:US PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.96
BIT:US Share Price * BIT (2019-05-23) in EUR €2.22
Italy Insurance Industry PB Ratio Median Figure of 7 Publicly-Listed Insurance Companies 1.08x
Italy Market PB Ratio Median Figure of 322 Publicly-Listed Companies 1.46x
BIT:US PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:US Share Price ÷ Book Value per Share (both in EUR)

= 2.22 ÷ 1.96

1.13x

* Primary Listing of UnipolSai Assicurazioni.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UnipolSai Assicurazioni is overvalued based on assets compared to the IT Insurance industry average.
X
Value checks
We assess UnipolSai Assicurazioni's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. UnipolSai Assicurazioni has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

US Future Performance

 How is UnipolSai Assicurazioni expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is UnipolSai Assicurazioni expected to grow at an attractive rate?
  • UnipolSai Assicurazioni's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • UnipolSai Assicurazioni's earnings are expected to decrease over the next 1-3 years, this is below the Italy market average.
  • UnipolSai Assicurazioni's revenues are expected to decrease over the next 1-3 years, this is below the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:US Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:US Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -10.4%
BIT:US Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -3.8%
Italy Insurance Industry Earnings Growth Rate Market Cap Weighted Average 3%
Italy Insurance Industry Revenue Growth Rate Market Cap Weighted Average -2.5%
Italy Market Earnings Growth Rate Market Cap Weighted Average 9.3%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:US Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:US Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 485
2022-12-31 494
2021-12-31 12,277 651 2
2020-12-31 11,898 629 2
2019-12-31 11,547 578 2
BIT:US Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 13,683 340 905
2018-09-30 13,389 353 881
2018-06-30 12,971 366 857
2018-03-31 12,899 473 681
2017-12-31 12,952 581 504
2017-09-30 13,262 473
2017-06-30 13,333 45 493
2017-03-31 13,371 493
2016-12-31 13,800 547 497
2016-09-30 14,034 541
2016-06-30 14,177 429 543
2016-03-31 14,672 545

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • UnipolSai Assicurazioni's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • UnipolSai Assicurazioni's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:US Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from UnipolSai Assicurazioni Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:US Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.17 0.17 0.17 1.00
2022-12-31 0.17 0.17 0.17 1.00
2021-12-31 0.23 0.25 0.18 5.00
2020-12-31 0.22 0.24 0.18 6.00
2019-12-31 0.21 0.23 0.19 6.00
BIT:US Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.33
2018-09-30 0.32
2018-06-30 0.31
2018-03-31 0.25
2017-12-31 0.18
2017-09-30 0.17
2017-06-30 0.18
2017-03-31 0.18
2016-12-31 0.18
2016-09-30
2016-06-30 0.20
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • UnipolSai Assicurazioni is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess UnipolSai Assicurazioni's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
UnipolSai Assicurazioni has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

US Past Performance

  How has UnipolSai Assicurazioni performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare UnipolSai Assicurazioni's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • UnipolSai Assicurazioni's year on year earnings growth rate has been positive over the past 5 years.
  • UnipolSai Assicurazioni's 1-year earnings growth exceeds its 5-year average (79.5% vs 12%)
  • UnipolSai Assicurazioni's earnings growth has exceeded the IT Insurance industry average in the past year (79.5% vs 64.4%).
Earnings and Revenue History
UnipolSai Assicurazioni's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from UnipolSai Assicurazioni Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:US Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13,682.60 905.10 530.80
2018-09-30 13,389.30 881.15 520.40
2018-06-30 12,971.20 857.20 510.00
2018-03-31 12,899.05 680.70 503.90
2017-12-31 12,951.70 504.20 497.80
2017-09-30 13,262.25 472.80 507.35
2017-06-30 13,333.20 492.60 499.50
2017-03-31 13,371.40 492.70 499.45
2016-12-31 13,799.80 497.40 495.80
2016-09-30 14,034.00 541.30 470.20
2016-06-30 14,177.00 542.80 495.70
2016-03-31 14,672.00 545.30 496.20
2015-12-31 15,946.00 711.30 499.20
2015-09-30 16,390.20 663.50 537.50
2015-06-30 17,299.20 748.60 522.00
2015-03-31 18,973.20 772.50 551.50
2014-12-31 19,061.20 644.50 565.50
2014-09-30 17,938.40 489.60 519.90
2014-06-30 16,034.10 380.10 497.30
2014-03-31 13,597.40 273.60 448.90
2013-12-31 11,659.40 189.60 411.90
2013-09-30 11,742.01 -482.08 436.74
2013-06-30 12,204.38 -663.67 433.01
2013-03-31 11,901.98 -724.85 427.40
2012-12-31 12,057.99 -788.26 433.58
2012-09-30 11,445.82 -442.58 411.05
2012-06-30 11,428.25 -525.25 422.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • UnipolSai Assicurazioni has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • UnipolSai Assicurazioni used its assets more efficiently than the IT Insurance industry average last year based on Return on Assets.
  • UnipolSai Assicurazioni has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess UnipolSai Assicurazioni's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
UnipolSai Assicurazioni has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

US Health

 How is UnipolSai Assicurazioni's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up UnipolSai Assicurazioni's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • UnipolSai Assicurazioni's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • UnipolSai Assicurazioni's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of UnipolSai Assicurazioni's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from UnipolSai Assicurazioni Company Filings, last reported 4 months ago.

BIT:US Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,697.00 2,547.10 1,317.40
2018-09-30 5,697.00 2,547.10 1,317.40
2018-06-30 5,634.10 2,515.40 1,673.70
2018-03-31 5,634.10 2,515.40 1,673.70
2017-12-31 6,193.70 2,324.10 1,733.60
2017-09-30 6,193.70 2,324.10 1,733.60
2017-06-30 6,381.20 2,292.30 1,311.90
2017-03-31 6,381.20 2,292.30 1,311.90
2016-12-31 6,534.70 2,315.10 966.70
2016-09-30 6,519.00 2,015.00 868.00
2016-06-30 6,263.00 2,124.20 1,264.10
2016-03-31 6,661.00 2,037.00 1,387.00
2015-12-31 6,614.50 2,145.30 1,329.30
2015-09-30 6,366.00 2,018.00 1,431.00
2015-06-30 6,188.00 2,126.40 1,535.00
2015-03-31 7,178.00 2,040.00 1,209.00
2014-12-31 6,634.90 2,163.10 1,031.50
2014-09-30 6,449.00 2,029.00 9,885.00
2014-06-30 6,089.30 2,336.30 10,067.70
2014-03-31 6,224.00 1,992.00 1,778.00
2013-12-31 3,066.20 1,170.00 699.80
2013-09-30 3,064.94 1,034.47 6,701.52
2013-06-30 2,865.79 1,041.82 6,874.83
2013-03-31 2,762.67 1,256.56 6,999.55
2012-12-31 2,762.67 1,256.56 6,999.55
2012-09-30
2012-06-30 1,850.28 1,264.82 8,095.26
  • UnipolSai Assicurazioni's level of debt (44.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (38% vs 44.7% today).
  • Debt is not well covered by operating cash flow (13.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.1x coverage).
X
Financial health checks
We assess UnipolSai Assicurazioni's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. UnipolSai Assicurazioni has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

US Dividends

 What is UnipolSai Assicurazioni's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.52%
Current annual income from UnipolSai Assicurazioni dividends. Estimated to be 6.8% next year.
If you bought €2,000 of UnipolSai Assicurazioni shares you are expected to receive €130 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • UnipolSai Assicurazioni's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.12%).
  • UnipolSai Assicurazioni's dividend is above the markets top 25% of dividend payers in Italy (4.53%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:US Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Italy Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 5.4%
Italy Market Average Dividend Yield Market Cap Weighted Average of 186 Stocks 4.3%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.1%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:US Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.15 1.00
2022-12-31 0.15 1.00
2021-12-31 0.16 6.00
2020-12-31 0.15 7.00
2019-12-31 0.15 7.00
BIT:US Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.145 6.040
2018-03-23 0.145 7.185
2018-03-22 0.145 7.465
2017-05-18 0.125 6.356
2016-05-19 0.150 8.611
2015-04-20 0.175 8.174
2015-02-11 0.175 6.621
2014-03-20 0.196 8.357
2011-11-14 0.000 0.000
2011-08-30 0.000 0.000
2011-05-16 0.000 0.000
2011-04-05 0.000 0.000
2011-03-23 0.000 0.000
2010-04-07 40.000 5.335
2010-03-26 40.000 3.563

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • UnipolSai Assicurazioni has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • UnipolSai Assicurazioni has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of UnipolSai Assicurazioni's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess UnipolSai Assicurazioni's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can UnipolSai Assicurazioni afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. UnipolSai Assicurazioni has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

US Management

 What is the CEO of UnipolSai Assicurazioni's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matteo Laterza
TENURE AS CEO 3.1 years
CEO Bio

Mr. Matteo Laterza serves as the General Manager of UnipolSai Assicurazioni S.p.A. Mr. Laterza serves as a General Manager of Insurance Business at Unipol Gruppo SpA (formerly Unipol Gruppo Finanziario S.p.A.) and served as General Manager of Insurance Business and Treasurer. He served as Director of Vera Vita S.p.A. He served as Director of Finance and General Manager of Finance at Unipol Gruppo Finanziario S.p.A.

CEO Compensation
  • Insufficient data for Matteo to compare compensation growth.
  • Insufficient data for Matteo to establish whether their remuneration is reasonable compared to companies of similar size in Italy.
Management Team Tenure

Average tenure of the UnipolSai Assicurazioni management team in years:

6.1
Average Tenure
  • The average tenure for the UnipolSai Assicurazioni management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Matteo Laterza

TITLE
General Manager
TENURE
3.1 yrs

Maurizio Castellina

TITLE
Manager in Charge of Financial Reporting
AGE
61
TENURE
3.3 yrs

Adriano Donati

TITLE
Head of Investor Relations

Pier Bedogni

TITLE
Risk Management Department Head
TENURE
7.8 yrs

Giorgio Borghino

TITLE
Audit & Risk Management Department Head
TENURE
7.8 yrs

Enrico Pietro

TITLE
Co-General Manager & Head of Insurance

Roberto Giay

TITLE
Secretary of the Board

Massimo Dalfelli

TITLE
Executive Officer
TENURE
6.1 yrs
Board of Directors Tenure

Average tenure and age of the UnipolSai Assicurazioni board of directors in years:

6.1
Average Tenure
58
Average Age
  • The tenure for the UnipolSai Assicurazioni board of directors is about average.
Board of Directors

Carlo Cimbri

TITLE
Chairman of the Board
COMPENSATION
€806K
AGE
53
TENURE
3.1 yrs

Fabio Cerchiai

TITLE
Vice Chairman
COMPENSATION
€561K
AGE
74
TENURE
3.1 yrs

Pierluigi Stefanini

TITLE
Vice Chairman
COMPENSATION
€206K
AGE
65
TENURE
6.5 yrs

Francesco Vella

TITLE
Director
COMPENSATION
€71K
AGE
60
TENURE
6.1 yrs

Massimo Masotti

TITLE
Director
COMPENSATION
€71K
AGE
56
TENURE
6.1 yrs

Paolo Fumagalli

TITLE
Chairman of Statutory Auditors
AGE
58
TENURE
3.8 yrs

Maria Maugeri

TITLE
Director
COMPENSATION
€43K
AGE
53
TENURE
6.1 yrs

Maria Montagnani

TITLE
Director
COMPENSATION
€58K
AGE
47
TENURE
6.6 yrs

Nicla Picchi

TITLE
Director
COMPENSATION
€76K
AGE
58
TENURE
6.6 yrs

Barbara Tadolini

TITLE
Director
COMPENSATION
€38K
AGE
58
TENURE
6.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. May 19 Sell Unipol Gruppo S.p.A. Company 25. Apr 19 25. Apr 19 -1,985,375 €2.42 €-4,796,070
21. Mar 19 Buy Unipol Gruppo S.p.A. Company 15. Mar 19 18. Mar 19 1,632,500 €2.35 €3,788,853
22. Jun 18 Buy Unipol Gruppo S.p.A. Company 19. Jun 18 21. Jun 18 6,600,000 €1.90 €12,449,942
19. Jun 18 Buy Unipol Gruppo S.p.A. Company 13. Jun 18 18. Jun 18 8,250,000 €1.92 €15,566,194
13. Jun 18 Buy Unipol Gruppo S.p.A. Company 07. Jun 18 12. Jun 18 10,909,892 €1.88 €20,371,280
29. May 18 Buy Unipol Gruppo S.p.A. Company 23. May 18 28. May 18 13,270,000 €1.93 €25,482,237
X
Management checks
We assess UnipolSai Assicurazioni's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. UnipolSai Assicurazioni has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

US News

Simply Wall St News

If You Like EPS Growth Then Check Out UnipolSai Assicurazioni (BIT:US) Before It's Too Late

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … UnipolSai Assicurazioni shareholders can take confidence from the fact that EBIT margins are up from 8.1% to 11%, and revenue is growing. … You can take a look at the company's revenue and earnings growth trend, in the chart below

Simply Wall St -

Is UnipolSai Assicurazioni S.p.A. (BIT:US) A Smart Choice For Dividend Investors?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, UnipolSai Assicurazioni S.p.A. … Let's take a look at UnipolSai Assicurazioni in more detail.

Simply Wall St -

The UnipolSai Assicurazioni (BIT:US) Share Price Has Gained 15% And Shareholders Are Hoping For More

(BIT:US) share price is up 15% in the last year, clearly besting than the market return of around -8.7% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … It's fair to say that the share price gain of 15% did not keep pace with the EPS growth.

Simply Wall St -

A Look At UnipolSai Assicurazioni S.p.A.'s (BIT:US) Exceptional Fundamentals

Help shape the future of investing tools and receive a $20 prize! … (BIT:US) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Does UnipolSai Assicurazioni S.p.A. (BIT:US) Create Value For Shareholders?

Our data shows UnipolSai Assicurazioni has a return on equity of 16% for the last year. … That means that for every €1 worth of shareholders' equity, it generated €0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why UnipolSai Assicurazioni S.p.A. (BIT:US) Could Be Worth Watching

UnipolSai Assicurazioni S.p.A. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine UnipolSai Assicurazioni’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Do You Like UnipolSai Assicurazioni S.p.A. (BIT:US) At This P/E Ratio?

We'll look at UnipolSai Assicurazioni S.p.A.'s (BIT:US) P/E ratio and reflect on what it tells us about the company's share price. … UnipolSai Assicurazioni has a P/E ratio of 6.37, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What To Know Before Buying UnipolSai Assicurazioni SpA (BIT:US) For Its Dividend

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, UnipolSai Assicurazioni SpA (BIT:US) has been paying a dividend to shareholders. … Let's take a look at UnipolSai Assicurazioni in more detail.

Simply Wall St -

Why UnipolSai Assicurazioni SpA (BIT:US) Could Have A Place In Your Portfolio

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on UnipolSai Assicurazioni SpA (BIT:US) due to its excellent fundamentals in more than one area.

Simply Wall St -

Is UnipolSai Assicurazioni SpA's (BIT:US) 16% Better Than Average?

By way of learning-by-doing, we'll look at ROE to gain a better understanding UnipolSai Assicurazioni SpA (BIT:US). … That means that for every €1 worth of shareholders' equity, it generated €0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

US Company Info

Description

UnipolSai Assicurazioni S.p.A. operates as an insurance company in Italy. The company provides non-life insurance products and services in the areas of accident; health; land vehicle hulls; railway rolling stocks; aircrafts; sea, lake, and river vessels; goods in transit; fire; other damage to property; land vehicle third party liabilities (TPL); aircraft TPL; sea, lake, and river TPL; general TPL; credit; bonds; pecuniary losses; legal expenses; and assistance. It also provides life insurance products and services that include whole and term life insurance, unit linked/indexed link policies, health, capitalization insurance, and pension funds. In addition, the company engages in the bancassurance, real estate management, and hotel business. UnipolSai Assicurazioni S.p.A. is based in Bologna, Italy. UnipolSai Assicurazioni S.p.A. is a subsidiary of Unipol Gruppo S.p.A.

Details
Name: UnipolSai Assicurazioni S.p.A.
US
Exchange: BIT
Founded:
€6,181,975,020
2,779,665,027
Website: http://www.unipolsai.com
Address: UnipolSai Assicurazioni S.p.A.
Via Stalingrado, 45,
Bologna,
Bologna, 40128,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT US Ordinary Shares Borsa Italiana IT EUR 17. Nov 1980
OTCPK UNPL.F Ordinary Shares Pink Sheets LLC US USD 17. Nov 1980
DB SOAN Ordinary Shares Deutsche Boerse AG DE EUR 17. Nov 1980
LSE 0Q8M Ordinary Shares London Stock Exchange GB EUR 17. Nov 1980
WBAG US Ordinary Shares Wiener Boerse AG AT EUR 17. Nov 1980
BATS-CHIXE USM Ordinary Shares BATS 'Chi-X Europe' GB EUR 17. Nov 1980
Number of employees
Current staff
Staff numbers
0
UnipolSai Assicurazioni employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 20:43
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.