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UNICREDIT SPA (UCG.MI) Stock Fundamental Analysis

BIT:UCG - Euronext Milan - IT0005239360 - Common Stock - Currency: EUR

67.53  +1.35 (+2.04%)

Fundamental Rating

3

Taking everything into account, UCG scores 3 out of 10 in our fundamental rating. UCG was compared to 91 industry peers in the Banks industry. UCG has a medium profitability rating, but doesn't score so well on its financial health evaluation. UCG has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

UCG had positive earnings in the past year.
In the past year UCG has reported a negative cash flow from operations.
UCG had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: UCG reported negative operating cash flow in multiple years.
UCG.MI Yearly Net Income VS EBIT VS OCF VS FCFUCG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B -40B 60B 80B

1.2 Ratios

With an excellent Return On Assets value of 1.24%, UCG belongs to the best of the industry, outperforming 80.22% of the companies in the same industry.
UCG has a Return On Equity of 15.57%. This is amongst the best in the industry. UCG outperforms 80.22% of its industry peers.
Industry RankSector Rank
ROA 1.24%
ROE 15.57%
ROIC N/A
ROA(3y)1.06%
ROA(5y)0.61%
ROE(3y)13.49%
ROE(5y)7.61%
ROIC(3y)N/A
ROIC(5y)N/A
UCG.MI Yearly ROA, ROE, ROICUCG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

UCG has a better Profit Margin (32.18%) than 82.42% of its industry peers.
UCG's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for UCG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 32.18%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y84.53%
PM growth 5Y19.61%
GM growth 3YN/A
GM growth 5YN/A
UCG.MI Yearly Profit, Operating, Gross MarginsUCG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

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1

2. Health

2.1 Basic Checks

UCG does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for UCG has been reduced compared to 1 year ago.
UCG has less shares outstanding than it did 5 years ago.
UCG has a worse debt/assets ratio than last year.
UCG.MI Yearly Shares OutstandingUCG.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
UCG.MI Yearly Total Debt VS Total AssetsUCG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B

2.2 Solvency

UCG has a Debt/Equity ratio of 2.92. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.92, UCG is not doing good in the industry: 72.53% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.92
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC5.64%
UCG.MI Yearly LT Debt VS Equity VS FCFUCG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B 100B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
UCG.MI Yearly Current Assets VS Current LiabilitesUCG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

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3

3. Growth

3.1 Past

UCG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.41%, which is quite good.
UCG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.66% yearly.
The Revenue has been growing slightly by 5.45% in the past year.
Measured over the past years, UCG shows a small growth in Revenue. The Revenue has been growing by 4.09% on average per year.
EPS 1Y (TTM)18.41%
EPS 3Y49.15%
EPS 5Y18.66%
EPS Q2Q%34.16%
Revenue 1Y (TTM)5.45%
Revenue growth 3Y0.8%
Revenue growth 5Y4.09%
Sales Q2Q%-3.18%

3.2 Future

UCG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.06% yearly.
UCG is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.84% yearly.
EPS Next Y8.82%
EPS Next 2Y8.49%
EPS Next 3Y9.69%
EPS Next 5Y-3.06%
Revenue Next Year-0.71%
Revenue Next 2Y0.52%
Revenue Next 3Y1.23%
Revenue Next 5Y-0.84%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
UCG.MI Yearly Revenue VS EstimatesUCG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B
UCG.MI Yearly EPS VS EstimatesUCG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 -5

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 10.29, the valuation of UCG can be described as reasonable.
The rest of the industry has a similar Price/Earnings ratio as UCG.
Compared to an average S&P500 Price/Earnings ratio of 26.48, UCG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.00, the valuation of UCG can be described as reasonable.
UCG's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of UCG to the average of the S&P500 Index (34.04), we can say UCG is valued rather cheaply.
Industry RankSector Rank
PE 10.29
Fwd PE 10
UCG.MI Price Earnings VS Forward Price EarningsUCG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
UCG.MI Per share dataUCG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.17
PEG (5Y)0.55
EPS Next 2Y8.49%
EPS Next 3Y9.69%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.72%, UCG has a reasonable but not impressive dividend return.
UCG's Dividend Yield is slightly below the industry average, which is at 5.02.
Compared to an average S&P500 Dividend Yield of 2.40, UCG pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.72%

5.2 History

The dividend of UCG is nicely growing with an annual growth rate of 38.95%!
Dividend Growth(5Y)38.95%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

UCG pays out 50.93% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of UCG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP50.93%
EPS Next 2Y8.49%
EPS Next 3Y9.69%
UCG.MI Yearly Income VS Free CF VS DividendUCG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B -40B 60B 80B
UCG.MI Dividend Payout.UCG.MI Dividend Payout, showing the Payout Ratio.UCG.MI Dividend Payout.PayoutRetained Earnings

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UNICREDIT SPA

BIT:UCG (8/8/2025, 7:00:00 PM)

67.53

+1.35 (+2.04%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-23 2025-07-23/bmo
Earnings (Next)10-27 2025-10-27
Inst Owners43.36%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap105.19B
Analysts77.39
Price Target60.09 (-11.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.72%
Yearly Dividend3.03
Dividend Growth(5Y)38.95%
DP50.93%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.81%
Min EPS beat(2)-15.25%
Max EPS beat(2)7.64%
EPS beat(4)3
Avg EPS beat(4)4.91%
Min EPS beat(4)-15.25%
Max EPS beat(4)15.51%
EPS beat(8)7
Avg EPS beat(8)19.01%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.74%
Min Revenue beat(2)0.76%
Max Revenue beat(2)2.73%
Revenue beat(4)4
Avg Revenue beat(4)2.55%
Min Revenue beat(4)0.76%
Max Revenue beat(4)3.93%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.56%
PT rev (3m)11.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.54%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.62%
Revenue NY rev (3m)1.62%
Valuation
Industry RankSector Rank
PE 10.29
Fwd PE 10
P/S 3.48
P/FCF N/A
P/OCF N/A
P/B 1.68
P/tB 1.75
EV/EBITDA N/A
EPS(TTM)6.56
EY9.71%
EPS(NY)6.76
Fwd EY10%
FCF(TTM)-5.66
FCFYN/A
OCF(TTM)-4.54
OCFYN/A
SpS19.39
BVpS40.09
TBVpS38.65
PEG (NY)1.17
PEG (5Y)0.55
Profitability
Industry RankSector Rank
ROA 1.24%
ROE 15.57%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 32.18%
GM N/A
FCFM N/A
ROA(3y)1.06%
ROA(5y)0.61%
ROE(3y)13.49%
ROE(5y)7.61%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y84.53%
PM growth 5Y19.61%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 2.92
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 133.23%
Cap/Sales 5.76%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC5.64%
ROIC/WACCN/A
Cap/Depr(3y)97.97%
Cap/Depr(5y)95.45%
Cap/Sales(3y)4.61%
Cap/Sales(5y)5.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.41%
EPS 3Y49.15%
EPS 5Y18.66%
EPS Q2Q%34.16%
EPS Next Y8.82%
EPS Next 2Y8.49%
EPS Next 3Y9.69%
EPS Next 5Y-3.06%
Revenue 1Y (TTM)5.45%
Revenue growth 3Y0.8%
Revenue growth 5Y4.09%
Sales Q2Q%-3.18%
Revenue Next Year-0.71%
Revenue Next 2Y0.52%
Revenue Next 3Y1.23%
Revenue Next 5Y-0.84%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y79.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y82.8%
OCF growth 3YN/A
OCF growth 5YN/A