Unicaja (UNI): analysis in plain words
Is Unicaja cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Unicaja (UNI) is listed on the Madrid Stock Exchange and we classify it in banking. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Unicaja according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Unicaja (UNI) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €3.31 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 12.7x | Price over earnings per share |
| Revenue growth | +6.8% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 32.8% | Profit for every 100 of sales |
| Net debt / EBITDA | Not meaningful (financial company) | Years of operating profit to repay debt |
| Dividend yield | 5.90% | Annual dividend over price |
| Market cap | €8.5 billion | What the stock market values it at |
The Unicaja figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any UNI figure that is not available shows as N/A: we do not estimate it.
How Unicaja makes money
Unicaja is a Spanish retail bank with a strong presence in Andalusia and Castile and León, built partly through its merger with Liberbank. Its core business is mortgages and loans to households and small businesses, funded by deposits, plus fees from funds, insurance and cards.
Over the last 12 months, Unicaja brought in revenue of €2.1 billion. Its operating margin, what Unicaja keeps from every 100 of sales after running costs, is 48.7%. With 7,273 full-time employees, that is about €282,000 of revenue per employee.
Unicaja against its sector
To know whether a Unicaja figure is high or low you have to put it next to similar companies. This table compares Unicaja with the median of the 20 banking companies Fintols covers, with data as of November 4, 2026.
| Figure | Unicaja | banking median |
|---|---|---|
| P/E | 12.7x | 12.2x (20) |
| Revenue growth | +6.8% | +7.3% (20) |
| Net margin | 32.8% | 32.6% (20) |
| Dividend yield | 5.90% | 3.55% (20) |
| ROE | 10.1% | 13.1% (19) |
In short, against the typical banking company, Unicaja pays a higher dividend yield and earns less on its equity. By size, Unicaja ranks number 12 of 12 banking companies quoted in EUR on Fintols.
The bull case for Unicaja
What works in favour of Unicaja, according to its figures as of November 4, 2026:
- Unicaja keeps 32.8 of every 100 it sells as net profit, against 32.6 for the median banking company: a margin like that leaves money to invest, buy back shares or pay dividends.
- For income seekers, Unicaja pays a dividend yielding 5.90% at today's price, using 74% of its profit to fund it.
The main risk for Unicaja
The Unicaja figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: falling interest rates (which squeeze what it earns on loans) or rising bad loans if the economy weakens.
Frequently asked questions about Unicaja
Is it a good time to buy Unicaja stock?
Fintols does not tell you whether to buy or sell Unicaja, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Unicaja stock trades at €3.31, 10% below its 52-week high (€3.69) and 41% above its low (€2.35). Its P/E is 12.7x against a banking median of 12.2x, and 11.7x on the earnings analysts expect over the next 12 months. With Unicaja, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Unicaja pay a dividend?
Yes. As of November 4, 2026, Unicaja pays €0.19 per share a year, which at today's price is a yield of 5.90%. It uses 74% of its profit to pay it. Its average dividend yield over the last five years is 3.41%. The banking median on Fintols is 3.55%.
Is Unicaja stock expensive?
It depends on what you compare it with. On P/E, Unicaja trades at 12.7x its last 12 months of earnings: in line with the banking median (12.2x). For a financial company you also look at price to book value: 1.3x (banking median: 1.7x). A high P/E alone does not make Unicaja expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Unicaja's competitors?
On Fintols we compare Unicaja with Banco Sabadell, Bankinter and Nordea, which are also in banking. As of November 4, 2026, Banco Sabadell is worth €16.8 billion and trades on a P/E of 14.3; Bankinter is worth €12.9 billion and trades on a P/E of 11.4; Nordea is worth €55.6 billion and trades on a P/E of 11.9. Each has a side-by-side comparison with Unicaja below.
Unicaja competitors
- Banco Sabadell (SAB) analysis · Unicaja vs Banco Sabadell comparison
- Bankinter (BKT) analysis · Unicaja vs Bankinter comparison
- Nordea (NDA-FI.HE) analysis · Unicaja vs Nordea comparison
To understand Unicaja better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Unicaja: banking stocks and IBEX 35 companies. Open the full UNI analysis with its valuation and scenarios. Educational content about Unicaja, not investment advice.