I have been buying into Uniqa since April and am clearly of the opinion that the share is still undervalued even after the 44% YTD price increase.
Forecast EPS increase of over 10% to 2025 and long-term EPS CAGR of 6%
without special effect from partial sale of Strabag shares (approx. another € 0.60 per share)
Calculation according to DDM model
Expected dividend: EUR 0.60
Expected dividend yield: 10% as small cap (normal value in the insurance industry is 8%)
Expected dividend growth: 6%
From the perspective of a dividend investor, this results in a fair value of 15 and the share is therefore currently trading around 34% below this.
Is anyone else here interested in Uniqa?
