Unicaja Banco SA
🇪🇸 UNI.MC · Madrid · ES0180907000
Bank
Scores
Key Metrics
Powered by EODHDP/E (TTM)
10.3
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
TTM period through: 2025-12-31
Forward P/E (estimated): 5.8
Based on analyst estimates
Yield (TTM)
6.62%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Net Debt/EBITDA (TTM)
1.3x
Latest quarter: 6.2x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2025-12-31
Latest quarter (2025-12-31): 6.2x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
Payout (TTM)
56.7%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Cash Flow Payout (TTM): 159.9%
FCF Coverage (TTM): 0.47x
ROE
9.2%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
Summary
Unicaja Banco is a prominent Spanish regional commercial bank offering an attractive 6.62% dividend yield. While the extremely low forward valuation (P/E of 5.8) presents a tempting entry point, structural concerns regarding the 5-year earnings decline and high payout ratio place this in the CAUTION quadrant. Not recommended for new positions given the current fundamental trajectory, though existing shareholders should maintain positions to collect the yield while monitoring for earnings stabilization.
Sector Context
Unicaja Banco is a Spanish regional commercial bank providing retail banking, corporate financing, and wealth management services. In the banking sector, traditional debt metrics like Debt/EBITDA do not apply as taking on deposits (debt) is the core business model; investors should instead focus on ROE, payout ratios, and capital adequacy.
Temporary Opportunity Identified
Share price weakness driven by an underwhelming 2026 guidance, despite the bank reporting a recent 10.3% increase in net profit for 2025.
📊 Strategy Analysis
- • Forward P/E of 5.81 represents a significant discount, offering an attractive valuation entry point
- • Current dividend yield of 6.62% provides substantial income potential
- • Operates as an essential service provider in the Spanish regional commercial banking sector
⚠ What to Watch
- • Long-term fundamentals show a concerning 5-year EPS decline with a CAGR of -14.8%
- • High trailing payout ratio of 91.61% coupled with underwhelming 2026 guidance raises questions about long-term dividend growth capacity
- • Return on Equity (ROE) of 9.16% sits below the 10% target threshold for high-quality banking institutions
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-04-05
Disclaimer: This information is for educational purposes only. Not financial advice.