Financials UnipolSai Assicurazioni S.p.A.

Equities

US

IT0004827447

Property & Casualty Insurance

Market Closed - Borsa Italiana 11:44:59 2024-05-03 am EDT 5-day change 1st Jan Change
2.674 EUR -0.15% Intraday chart for UnipolSai Assicurazioni S.p.A. -0.52% +18.32%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,494 7,201 6,138 7,016 6,511 6,393
Enterprise Value (EV) 1 7,016 9,390 7,998 8,056 7,855 8,479
P/E ratio 6.07 x 11.5 x 7.48 x 10.2 x 11.4 x 9.45 x
Yield 7.34% 6.18% 8.76% 7.66% 6.95% 7.3%
Capitalization / Revenue 0.4 x 0.45 x 0.45 x 0.48 x 0.47 x 0.53 x
EV / Revenue 0.51 x 0.59 x 0.58 x 0.55 x 0.57 x 0.7 x
EV / EBITDA 4.27 x 5.88 x 5.04 x 6.16 x 5.69 x 3.59 x
EV / FCF 10.7 x 9.79 x 28.5 x 7.4 x -5.56 x -4.97 x
FCF Yield 9.34% 10.2% 3.51% 13.5% -18% -20.1%
Price to Book 1.01 x 1.07 x 0.78 x 0.88 x 1.17 x 0.91 x
Nbr of stocks (in thousands) 2,779,675 2,780,386 2,828,466 2,829,095 2,828,555 2,828,629
Reference price 2 1.976 2.590 2.170 2.480 2.302 2.260
Announcement Date 3/15/19 3/23/20 1/15/21 3/25/22 3/24/23 3/22/24
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 13,683 15,939 13,763 14,594 13,766 12,048
EBITDA 1 1,645 1,596 1,586 1,307 1,381 2,364
EBIT 1 1,453 980.3 1,206 995.8 1,033 1,790
Operating Margin 10.62% 6.15% 8.76% 6.82% 7.5% 14.86%
Earnings before Tax (EBT) 1 1,204 873.2 1,119 895 919.9 1,019
Net income 1 905.1 627.8 820 688.5 596.5 700
Net margin 6.61% 3.94% 5.96% 4.72% 4.33% 5.81%
EPS 2 0.3257 0.2253 0.2899 0.2434 0.2023 0.2390
Free Cash Flow 1 655.3 959.3 281 1,088 -1,412 -1,706
FCF margin 4.79% 6.02% 2.04% 7.46% -10.25% -14.16%
FCF Conversion (EBITDA) 39.84% 60.12% 17.71% 83.24% - -
FCF Conversion (Net income) 72.4% 152.8% 34.27% 158.04% - -
Dividend per Share 2 0.1450 0.1600 0.1900 0.1900 0.1600 0.1650
Announcement Date 3/15/19 3/23/20 1/15/21 3/25/22 3/24/23 3/22/24
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 S1 2023 Q4
Net sales 6,365 - - 2,902 - - 3,449 3,183 6,632 3,202 - - -
EBITDA - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 371.9 329.2 636 238 20.9 258.9 282 336.2 618.2 266.8 35 - 248
Net income 1 - 275 526 154 8.5 162.5 - 210.5 401.5 179.5 15.5 406 114
Net margin - - - 5.31% - - - 6.61% 6.05% 5.61% - - -
EPS - 0.1000 0.1800 - 0.0300 - - 0.0700 0.1400 - - 0.1400 -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/14/20 2/12/21 8/6/21 11/12/21 2/11/22 2/11/22 5/13/22 8/5/22 8/5/22 11/11/22 2/13/23 8/11/23 2/16/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,522 2,189 1,861 1,039 1,344 2,086
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.9252 x 1.372 x 1.173 x 0.7951 x 0.9732 x 0.8824 x
Free Cash Flow 1 655 959 281 1,088 -1,412 -1,707
ROE (net income / shareholders' equity) 15.9% 10.2% 11.2% 8.83% 9.27% 10.9%
ROA (Net income/ Total Assets) 1.36% 0.88% 1.01% 0.82% 0.88% 1.56%
Assets 1 66,738 71,406 80,852 84,015 67,769 44,996
Book Value Per Share 2 1.960 2.430 2.790 2.810 1.970 2.480
Cash Flow per Share 2 0.3700 0.2600 0.2400 0.3100 0.2900 0.3500
Capex 1 164 218 205 235 817 1,293
Capex / Sales 1.2% 1.37% 1.49% 1.61% 5.94% 10.73%
Announcement Date 3/15/19 3/23/20 1/15/21 3/25/22 3/24/23 3/22/24
1EUR in Million2EUR
Estimates
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