UNI Stock Analysis: Unipol Gruppo S.p.A. | MI
Insurance - Property & Casualty | MI, Italy | Market Cap: 18.497m EUR | 12M Return: 42.3% | IT0004810054 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 28.2M
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Unipol Assicurazioni S.p.A. (formerly Unipol Gruppo S.p.A., renamed in January 2025) is a large-cap Italian insurance group headquartered in Bologna and founded in 1961. Operating primarily in Italy, the company runs four segments: Non-Life Insurance, Life Insurance, Banking Associates, and Other Business, covering motor, home, health, travel, professional liability, and investment/welfare products, alongside reinsurance and bancassurance services. As a multi-line insurer, it combines traditional risk coverage with life and savings products, a structure common among European composite insurers that distribute through both proprietary agents and bank partners.
Beyond core insurance, Unipol holds a diversified portfolio of ancillary activities, including real estate management, hotels and resorts, agricultural and healthcare facilities, anti-theft systems, vehicle and glass repair, telematics, mobile payments, electronic money services, and a digital health platform offering telemedicine, home care, and physiotherapy. Products are distributed through direct sales, brokers, agency and banking networks, craftsmen channels, and franchise administrators, reflecting a hybrid model that blends tied agents with bank-led bancassurance distribution.
- Italian motor insurance premium growth drives Non-Life segment
- Combined ratio improvement boosts underwriting margins
- Bancassurance partnership with BPER fuels Life Insurance distribution
| Net Income: 1.76b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.65 > 1.0 |
| NWC/Revenue: 342.9% < 20% (prev 327.6%; Δ 15.31% < -1%) |
| CFO/TA 0.05 > 3% & CFO 4.59b > Net Income 1.76b |
| Net Debt (-11.4b) to EBITDA (2.52b): -4.51 < 3 |
| Current Ratio: 42.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (718.0m) vs 12m ago 0.28% < -2% |
| Gross Margin: 41.44% > 18% (prev 38.13%; Δ 3.31% > 0.5%) |
| Asset Turnover: 17.14% > 50% (prev 16.81%; Δ 0.33% > 0%) |
| Interest Coverage Ratio: 13.25 > 6 (EBIT TTM 2.46b / Interest Expense TTM 186.0m) |
| A: 0.56 (Total Current Assets 53.6b - Total Current Liabilities 1.26b) / Total Assets 93.2b |
| B: 0.01 (Retained Earnings 883.0m / Total Assets 93.2b) |
| C: 0.03 (EBIT TTM 2.46b / Avg Total Assets 89.0b) |
| D: 0.14 (Book Value of Equity 11.5b / Total Liabilities 81.4b) |
| Altman-Z'' = 4.05 = AA |
| DSRI: 3.0 (Receivables 1.60b/438.0m, Revenue 15.3b/14.3b) |
| GMI: 0.92 (GM 38.13% / 41.44%) |
| AQI: 0.99 (AQ_t 0.38 / AQ_t-1 0.38) |
| SGI: 1.07 (Revenue 15.3b / 14.3b) |
| TATA: -0.03 (NI 1.76b - CFO 4.59b) / TA 93.2b) |
| Beneish M = -1.41 (Cap -4..+1) = D |
As of October 09, 2026, the stock is trading at EUR 25.43 with a total of 2,816,083 shares traded. Over the past week, the price has changed by -2.49%, over one month by -9.50%, over three months by -0.31% and over the past year by +42.32%.
Current recommended Stop Loss: 24.50 (which is 3.7% or 1.4 ATR below the current price).
Unipol Gruppo S.p.A. has no consensus analysts rating.
P/E Trailing = 10.7908
P/E Forward = 5.5617
P/S = 1.6067
P/B = 1.6816
P/EG = 0.0755
Revenue TTM = 15.3b EUR
EBIT TTM = 2.46b EUR
EBITDA TTM = 2.52b EUR
Long Term Debt = 4.82b EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 4.95b EUR (from shortLongTermDebtTotal, last quarter) + Leases 128.0m
Net Debt = -11.4b EUR (calculated: Debt 4.95b - CCE 16.3b)
Enterprise Value = 7.12b EUR (18.5b + Debt 4.95b - CCE 16.3b)
Interest Coverage Ratio = 13.25 (Ebit TTM 2.46b / Interest Expense TTM 186.0m)
EV/FCF = 7.92x (Enterprise Value 7.12b / FCF TTM 899.0m)
FCF Yield = 12.62% (FCF TTM 899.0m / Enterprise Value 7.12b)
FCF Margin = 5.89% (FCF TTM 899.0m / Revenue TTM 15.3b)
Net Margin = 11.56% (Net Income TTM 1.76b / Revenue TTM 15.3b)
Gross Margin = 41.44% ((Revenue TTM 15.3b - Cost of Revenue TTM 8.94b) / Revenue TTM)
Gross Margin QoQ = 43.84% (prev 38.91%)
Tobins Q-Ratio = 0.08 (Enterprise Value 7.12b / Total Assets 93.2b)
Interest Expense / Debt = 3.76% (Interest Expense 186.0m / Debt 4.95b)
Taxrate = 26.13% (644.0m / 2.46b)
NOPAT = 1.82b (EBIT 2.46b * (1 - 26.13%))
Current Ratio = 32.01 (Total Current Assets 53.6b / Total Current Liabilities 1.67b)
Debt / Equity = 0.43 (Debt 4.95b / totalStockholderEquity, last quarter 11.5b)
Debt / EBITDA = -4.51 (Net Debt -11.4b / EBITDA 2.52b)
Debt / FCF = -12.65 (Net Debt -11.4b / FCF TTM 899.0m)
Total Stockholder Equity = 10.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.98% (Net Income 1.76b / Total Assets 93.2b)
RoE = 17.35% (Net Income TTM 1.76b / Total Stockholder Equity 10.2b)
RoCE = 16.44% (EBIT 2.46b / Capital Employed (Equity 10.2b + L.T.Debt 4.82b))
RoIC = 2.00% (NOPAT 1.82b / Invested Capital 91.2b)
WACC = 6.06% (E(18.5b)/V(23.4b) * Re(6.94%) + D(4.95b)/V(23.4b) * Rd(3.76%) * (1-Tc(0.26)))
Discount Rate = 6.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.19 | Cagr: 0.11%
[DCF] Terminal Value 73.10% ; FCFF base≈1.09b ; Y1≈954.1m ; Y5≈770.9m
[DCF] Fair Price = 33.11 (EV 12.4b - Net Debt -11.4b = Equity 23.7b / Shares 717.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.33 | Revenue CAGR: 6.25% | SUE: 1.30 | # QB: 1
EPS current Year (2026-12-31): EPS=2.17 | Chg30d=+9.33% | Revisions=+57% | GrowthEPS=+7.1% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=2.27 | Chg30d=+2.10% | Revisions=+57% | GrowthEPS=+4.2% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: +73% (up=8, down=0)