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UniCredit S.p.A (UCG) Fair Value & Analysis

Financial Services · PL · Market cap 525B PLN

US UniCredit S.p.A UCG · WAR
Price352.80 PLN
Fair Value410.53 PLN
Upside+16.4%
Quality65/100
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Evidence: High Range 307.90 PLN – 513.16 PLN 📤 Share as image

Fair value as of: Jul 18, 2026

From 22 valuation models · updated 6 days ago

Fair value updated Jul 18, 2026, revised from 94.71 PLN to 410.53 PLN (+333.5%) since Jun 26, 2026. Share price +3.6% over the past month.

Price vs Fair Value (12 months)

359.55 PLN 232.83 PLN Fair Value 410.53 PLN Jul 2025 Jul 2026

12‑month range 232.83 PLN – 359.55 PLN · fair‑value band 307.90 PLN – 513.16 PLN · the 352.80 PLN price screens below the 410.53 PLN fair value. As of Jul 18, 2026.

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Analysis

UniCredit S.p.A (UCG) currently trades at 352.80 PLN, while our model-based Fair Value estimate is 410.53 PLN, implying the stock looks roughly 16.4% undervalued today. We read business quality at 65/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, UniCredit S.p.A generated revenue of 25.5B PLN at a net margin of 44.6%. Revenue grew 6.4% year over year. It earns a return on equity of 17.0%. Net debt stands at 75.4B PLN. Fundamentals as of Jul 18, 2026

Our scenario range runs from 307.90 PLN (bear case) to 513.16 PLN (bull case); at 352.80 PLN, the current price sits within that range. The share trades near its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 31% fair-value upside, at 16%, UCG screens richer than that median.

Key figures & financial health

Revenue (TTM) 25.5B PLN
Revenue growth (YoY) +6.4%
Net margin 44.6%
Return on equity 17.0%
Free cash flow 7.3B PLN FY2025
P/E ratio 11.2
More key figures
Operating margin 62.3%
EPS (TTM) 31.20 PLN
Dividend yield 0.9%
EPS growth (YoY) +20.1%
Net debt 75.4B PLN FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.

About the company

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. The company offers retail, private, and wealth management solutions; and institutional investor solutions. It also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and sustainable finance solutions, as well as securities services. In addition, the company offers transactional and risk management, structured finance, debt funding, equity funding, project finance, commodity trade finance, and trade and export finance services; group trade and correspondent banking services; and payments solutions. It serves SME, corporate, multinational corporate, financial institution, and public sector clients, as well as retail, private banking, wealth management, and family office clients. UniCredit S.p.A. was founded in 1870 and is headquartered in Milan, Italy.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

UniCredit S.p.A reported revenue of 25.0B PLN in FY2025 versus 22.3B PLN in FY2021, a compound +3.0%/yr. Reported net income was 10.9B PLN in FY2025, compounding +51.1%/yr from FY2021.

Revenue +3.0%/yr
FY21 22.3B PLN
FY22 18.1B PLN
FY23 23.0B PLN
FY24 24.0B PLN
FY25 25.0B PLN
Net income +51.1%/yr
FY21 2.1B PLN
FY22 6.5B PLN
FY23 9.5B PLN
FY24 9.7B PLN
FY25 10.9B PLN

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Cite: Fair Value Calculator (2026). "UniCredit S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/UCG

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Frequently asked questions

Is UniCredit S.p.A (UCG) undervalued?
As of Jul 18, 2026, our model estimates a fair value of 410.53 PLN versus a price of 352.80 PLN, about +16% (undervalued). Model-based estimate, not financial advice.
What is the fair value of UCG?
Our model-based fair value for UniCredit S.p.A is 410.53 PLN (as of Jul 18, 2026), built from audited fundamentals. The current price is 352.80 PLN.
What is the quality score of UCG?
UniCredit S.p.A has a Quality Score of 65/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of UniCredit S.p.A (UCG)?
UniCredit S.p.A reported trailing-twelve-month revenue of about 25.5B PLN (latest available figure, as of Jul 18, 2026).
What is the net profit margin of UCG?
The net profit margin of UniCredit S.p.A is about 44.6%, meaning it keeps roughly 44.6% of revenue as net income. Based on the latest reported figures.
Does UniCredit S.p.A pay a dividend?
UniCredit S.p.A currently shows a dividend yield of about 1.00% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.