NasdaqGM:UNAM

Stock Analysis Report

Executive Summary

Unico American Corporation, through its subsidiaries, underwrites property and casualty insurance in Arizona, California, Nevada, Oregon, and Washington.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Unico American's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.9%

UNAM

1.5%

US Insurance

2.3%

US Market


1 Year Return

-2.5%

UNAM

12.8%

US Insurance

5.6%

US Market

Return vs Industry: UNAM underperformed the US Insurance industry which returned 12.8% over the past year.

Return vs Market: UNAM underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

UNAMIndustryMarket
7 Day2.9%1.5%2.3%
30 Day16.7%-1.5%-1.0%
90 Day17.6%-2.6%-0.7%
1 Year-2.5%-2.5%15.6%12.8%7.9%5.6%
3 Year-37.5%-37.5%42.2%31.2%45.6%36.3%
5 Year-40.9%-40.9%72.0%51.5%65.8%47.6%

Price Volatility Vs. Market

How volatile is Unico American's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate UNAM's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate UNAM's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: UNAM is good value based on its PB Ratio (0.7x) compared to the US Insurance industry average (1.2x).


Next Steps

Future Growth

How is Unico American forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Insurance industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Unico American has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Unico American performed over the past 5 years?

-46.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: UNAM is unprofitable, and losses have increased over the past 5 years at a rate of -46.5% per year.

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

Earnings vs Industry: UNAM is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (3.1%).


Return on Equity

High ROE: UNAM has a negative Return on Equity (-3.65%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: UNAM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: UNAM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Unico American'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: UNAM has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if UNAM's debt is covered by short term assets.


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: UNAM has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: UNAM has sufficient cash runway for 1.309797 years if free cash flow continues to reduce at historical rates of -27.5% each year.


Financial Institutions Analysis

Asset Level: UNAM's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if UNAM has a sufficient allowance for bad loans.

Low Risk Liabilities: UNAM reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if UNAM has an acceptable proportion of non-loan assets held.

Low Risk Deposits: UNAM has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if UNAM has an appropriate level of bad loans.


Next Steps

Dividend

What is Unico American's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate UNAM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if UNAM's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: UNAM is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

3.3yrs

Average board tenure


CEO

Cary Cheldin (62yo)

10.5yrs

Tenure

US$357,382

Compensation

Mr. Cary Louis Cheldin serves as President and Director of Crusader Insurance Company. Mr. Cheldin has been Chairman, Chief Executive Officer and President at Unico American Corp. since April 1, 2009. Mr.  ...


CEO Compensation Analysis

Compensation vs. Market: Cary's total compensation ($USD357.38K) is about average for companies of similar size in the US market ($USD493.00K).

Compensation vs Earnings: Cary's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

3.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: UNAM's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$100,02926 Sep 19
Ambina Partners LLC
EntityCompany
Shares17,099
Max PriceUS$5.85
BuyUS$614 Jun 19
David Russell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1
Max PriceUS$5.99
BuyUS$914,46626 Dec 18
Ambina Partners LLC
EntityCompany
Shares152,411
Max PriceUS$6.00
BuyUS$11,64614 Dec 18
Michael Budnitsky
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer
Shares1,950
Max PriceUS$6.12
BuyUS$4,07414 Dec 18
David Russell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares700
Max PriceUS$5.82
BuyUS$1,22013 Dec 18
Michael Budnitsky
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer
Shares200
Max PriceUS$6.20
BuyUS$5,84412 Dec 18
David Russell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares999
Max PriceUS$5.85
BuyUS$62007 Dec 18
Michael Budnitsky
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer
Shares100
Max PriceUS$6.20
BuyUS$607 Dec 18
Cary Cheldin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares1
Max PriceUS$6.17
BuyUS$61706 Dec 18
Cary Cheldin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares100
Max PriceUS$6.17
BuyUS$1,18803 Dec 18
Cary Cheldin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares190
Max PriceUS$6.25
BuyUS$3,85803 Dec 18
Cary Cheldin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares631
Max PriceUS$6.18
BuyUS$4,78730 Nov 18
David Russell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares810
Max PriceUS$5.91
BuyUS$4,04430 Nov 18
Michael Budnitsky
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer
Shares674
Max PriceUS$6.00
BuyUS$1,40927 Nov 18
Michael Budnitsky
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer
Shares245
Max PriceUS$5.75
BuyUS$5,13926 Nov 18
David Russell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares900
Max PriceUS$5.71
BuyUS$5,92720 Nov 18
Michael Budnitsky
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer
Shares1,000
Max PriceUS$5.99
BuyUS$6,31120 Nov 18
David Russell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,100
Max PriceUS$5.76

Ownership Breakdown


Management Team

  • Cary Cheldin (62yo)

    Chairman

    • Tenure: 10.5yrs
    • Compensation: US$357.38k
  • Michael Budnitsky (44yo)

    CFO, Treasurer

    • Tenure: 2.3yrs
    • Compensation: US$273.12k

Board Members

  • Erwin Cheldin (87yo)

    Director

    • Tenure: 50.8yrs
    • Compensation: US$9.00k
  • Cary Cheldin (62yo)

    Chairman

    • Tenure: 10.5yrs
    • Compensation: US$357.38k
  • Andrew Furgatch (57yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$6.00k
  • Jan Frank (67yo)

    Director

    • Tenure: 0.4yrs
  • David Russell (52yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$9.00k
  • Samuel Sorich (73yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$9.00k
  • Michael Budnitsky (44yo)

    CFO, Treasurer

    • Tenure: 2.3yrs
    • Compensation: US$273.12k
  • Ernest Wish (67yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$6.00k

Company Information

Unico American Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Unico American Corporation
  • Ticker: UNAM
  • Exchange: NasdaqGM
  • Founded: 1969
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$37.147m
  • Shares outstanding: 5.31m
  • Website: https://www.crusaderinsurance.com

Number of Employees


Location

  • Unico American Corporation
  • 26050 Mureau Road
  • Calabasas
  • California
  • 91302
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNAMNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJan 1980

Biography

Unico American Corporation, through its subsidiaries, underwrites property and casualty insurance in Arizona, California, Nevada, Oregon, and Washington. It provides property, casualty, health, and life in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:44
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.