View Future GrowthUmeme 過去の業績過去 基準チェック /06Umemeの収益は年間平均-71.3%の割合で減少していますが、 Electric Utilities業界の収益は年間 増加しています。収益は年間24.8% 0.7%割合で 減少しています。主要情報-71.33%収益成長率-79.17%EPS成長率Electric Utilities 業界の成長7.32%収益成長率-0.69%株主資本利益率-323.48%ネット・マージン-42.11%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Sep 18First half 2025 earnings released: USh103 loss per share (vs USh8.00 profit in 1H 2024)First half 2025 results: USh103 loss per share (down from USh8.00 profit in 1H 2024). Revenue: USh503.5b (down 56% from 1H 2024). Net loss: USh166.7b (down USh179.7b from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 157 percentage points per year, which is a significant difference in performance.Reported Earnings • Jun 15Full year 2024 earnings released: USh314 loss per share (vs USh7.06 profit in FY 2023)Full year 2024 results: USh314 loss per share (down from USh7.06 profit in FY 2023). Revenue: USh2.31t (up 5.4% from FY 2023). Net loss: USh510.6b (down USh522.0b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 24First half 2024 earnings released: EPS: USh8.00 (vs USh8.12 in 1H 2023)First half 2024 results: EPS: USh8.00 (down from USh8.12 in 1H 2023). Revenue: USh1.15t (up 7.1% from 1H 2023). Net income: USh13.0b (down 1.5% from 1H 2023). Profit margin: 1.1% (down from 1.2% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.Reported Earnings • Mar 27Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: USh7.10 (down from USh91.27 in FY 2022). Revenue: USh2.20t (up 16% from FY 2022). Net income: USh11.5b (down 92% from FY 2022). Profit margin: 0.5% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is expected to decline by 48% p.a. on average during the next 2 years, while revenues in the Global Electric Utilities industry are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.Reported Earnings • Aug 26First half 2022 earnings released: EPS: USh0 (vs USh29.71 in 1H 2021)First half 2022 results: EPS: USh0. Revenue: USh897.0b (down 3.3% from 1H 2021). Net income: USh64.4b (up 33% from 1H 2021). Profit margin: 7.2% (up from 5.2% in 1H 2021). The increase in margin was driven by lower expenses.Reported Earnings • Apr 04Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: USh85.70 (up from USh26.53 in FY 2020). Revenue: USh1.89t (up 14% from FY 2020). Net income: USh139.1b (up 223% from FY 2020). Profit margin: 7.4% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is expected to shrink by 2.5% compared to a 2.0% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesNew Risk • Apr 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 69% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (USh105.7b market cap, or US$28.1m).New Risk • Feb 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: USh352.4b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.7% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (USh352.4b market cap, or US$99.7m).New Risk • Nov 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: USh348.1b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (USh348.1b market cap, or US$99.9m).New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 2.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (2.8% average weekly change).New Risk • Oct 04New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 180% Dividend yield: 55% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years.Reported Earnings • Sep 18First half 2025 earnings released: USh103 loss per share (vs USh8.00 profit in 1H 2024)First half 2025 results: USh103 loss per share (down from USh8.00 profit in 1H 2024). Revenue: USh503.5b (down 56% from 1H 2024). Net loss: USh166.7b (down USh179.7b from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 157 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 03Upcoming dividend of USh222 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 31 July 2025. The company last paid an ordinary dividend in March 2015. The average dividend yield among industry peers is 2.4%.Reported Earnings • Jun 15Full year 2024 earnings released: USh314 loss per share (vs USh7.06 profit in FY 2023)Full year 2024 results: USh314 loss per share (down from USh7.06 profit in FY 2023). Revenue: USh2.31t (up 5.4% from FY 2023). Net loss: USh510.6b (down USh522.0b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance.Board Change • Jun 13Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 2 independent directors (7 non-independent directors). Independent & Non-Executive Director Gerald Ssendaula was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 03Umeme Limited, Annual General Meeting, May 22, 2025Umeme Limited, Annual General Meeting, May 22, 2025.New Risk • Mar 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 11x earnings per share. Cash payout ratio: 92% Earnings have declined by 14% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).Upcoming Dividend • Sep 30Upcoming dividend of USh26.00 per shareEligible shareholders must have bought the stock before 07 October 2024. Payment date: 31 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 25%. Within top quartile of Ugandan dividend payers (12%). Higher than average of industry peers (3.3%).Reported Earnings • Aug 24First half 2024 earnings released: EPS: USh8.00 (vs USh8.12 in 1H 2023)First half 2024 results: EPS: USh8.00 (down from USh8.12 in 1H 2023). Revenue: USh1.15t (up 7.1% from 1H 2023). Net income: USh13.0b (down 1.5% from 1H 2023). Profit margin: 1.1% (down from 1.2% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 19Upcoming dividend of USh54.20 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 19 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 24%. Within top quartile of Ugandan dividend payers (15%). Higher than average of industry peers (4.1%).New Risk • Apr 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 108% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (dividend per share is over 11x earnings per share). Share price has been volatile over the past 3 months (2.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).Reported Earnings • Mar 27Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: USh7.10 (down from USh91.27 in FY 2022). Revenue: USh2.20t (up 16% from FY 2022). Net income: USh11.5b (down 92% from FY 2022). Profit margin: 0.5% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is expected to decline by 48% p.a. on average during the next 2 years, while revenues in the Global Electric Utilities industry are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.New Risk • Mar 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 108% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by earnings (147% payout ratio). Profit margins are more than 30% lower than last year (4.7% net profit margin).Upcoming Dividend • Jan 31Upcoming dividend of USh24.00 per share at 12% yieldEligible shareholders must have bought the stock before 07 February 2024. Payment date: 29 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 12%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (4.5%).New Risk • Aug 25New major risk - Revenue and earnings growthEarnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.7% net profit margin).Upcoming Dividend • Jun 21Upcoming dividend of USh63.90 per share at 14% yieldEligible shareholders must have bought the stock before 28 June 2023. Payment date: 20 July 2023. Trailing yield: 14%. Lower than top quartile of Ugandan dividend payers (17%). Higher than average of industry peers (6.2%).Price Target Changed • Apr 14Price target increased by 16% to USh492Up from USh423, the current price target is an average from 2 analysts. New target price is 23% above last closing price of USh400. Stock is up 73% over the past year. The company is forecast to post earnings per share of USh84.10 for next year compared to USh85.68 last year.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to USh380, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Electric Utilities industry globally. Total returns to shareholders of 155% over the past three years.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 20% share price gain to USh252, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 15x in the Electric Utilities industry globally. Total returns to shareholders of 78% over the past three years.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 2 independent directors (8 non-independent directors). Independent & Non-Executive Director Gerald Ssendaula was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 26First half 2022 earnings released: EPS: USh0 (vs USh29.71 in 1H 2021)First half 2022 results: EPS: USh0. Revenue: USh897.0b (down 3.3% from 1H 2021). Net income: USh64.4b (up 33% from 1H 2021). Profit margin: 7.2% (up from 5.2% in 1H 2021). The increase in margin was driven by lower expenses.Upcoming Dividend • Jun 15Upcoming dividend of USh54.10 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 23%. Within top quartile of Ugandan dividend payers (9.8%). Higher than average of industry peers (4.0%).Price Target Changed • Jun 01Price target increased to USh437Up from USh364, the current price target is provided by 1 analyst. New target price is 82% above last closing price of USh240. Stock is up 12% over the past year. The company posted earnings per share of USh85.68 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 1 independent director (10 non-independent directors). Independent & Non-Executive Director Gerald Ssendaula was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 04Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: USh85.70 (up from USh26.53 in FY 2020). Revenue: USh1.89t (up 14% from FY 2020). Net income: USh139.1b (up 223% from FY 2020). Profit margin: 7.4% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is expected to shrink by 2.5% compared to a 2.0% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to USh165, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 16x in the Electric Utilities industry globally. Total loss to shareholders of 29% over the past three years.Reported Earnings • Aug 29First half 2021 earnings released: EPS USh29.71 (vs USh13.40 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: USh927.9b (up 9.3% from 1H 2020). Net income: USh48.2b (up 122% from 1H 2020). Profit margin: 5.2% (up from 2.6% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 16Upcoming dividend of USh12.20 per shareEligible shareholders must have bought the stock before 23 June 2021. Payment date: 19 July 2021. Trailing yield: 5.7%. Lower than top quartile of Ugandan dividend payers (8.4%). Higher than average of industry peers (3.6%).Price Target Changed • May 18Price target decreased to USh301Down from USh437, the current price target is an average from 3 analysts. New target price is 37% above last closing price of USh219. Stock is down 11% over the past year.Reported Earnings • Mar 27Full year 2020 earnings released: EPS USh26.53 (vs USh85.69 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: USh1.66t (down 6.5% from FY 2019). Net income: USh43.1b (down 69% from FY 2019). Profit margin: 2.6% (down from 7.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.収支内訳Umeme の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史UGSE:UMEM 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Dec 25147-6233030 Jun 25464-192167031 Mar 25544-164170031 Dec 24626-138173030 Sep 24622-68117030 Jun 24613360031 Mar 24575356031 Dec 23581356030 Sep 235671457030 Jun 235632659031 Mar 235223257031 Dec 225084058030 Sep 224853953030 Jun 224934151031 Mar 225214153031 Dec 215323953030 Sep 215122954030 Jun 214892054031 Mar 214641552031 Dec 204551251030 Sep 204671950030 Jun 204842751031 Mar 204723150031 Dec 194823851030 Sep 194543750030 Jun 194183548031 Mar 194123649031 Dec 184023648030 Sep 184003746030 Jun 183923742031 Mar 184072444031 Dec 174091044030 Sep 174011044030 Jun 173911044031 Mar 173832443031 Dec 163773842030 Sep 163883444030 Jun 163742744031 Mar 163612945031 Dec 153433146030 Sep 152982841030 Jun 1531630460質の高い収益: UMEMは現在利益が出ていません。利益率の向上: UMEMは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: UMEMは利益が出ておらず、過去 5 年間で損失は年間71.3%の割合で増加しています。成長の加速: UMEMの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: UMEMは利益が出ていないため、過去 1 年間の収益成長をElectric Utilities業界 ( -2.1% ) と比較することは困難です。株主資本利益率高いROE: UMEMは現在利益が出ていないため、自己資本利益率 ( -323.48% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/08 08:25終値2026/06/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Umeme Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Silha RasuguEFG-Hermes ResearchKuria KamauSBG Securities (Proprietary) Limited
Reported Earnings • Sep 18First half 2025 earnings released: USh103 loss per share (vs USh8.00 profit in 1H 2024)First half 2025 results: USh103 loss per share (down from USh8.00 profit in 1H 2024). Revenue: USh503.5b (down 56% from 1H 2024). Net loss: USh166.7b (down USh179.7b from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 157 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jun 15Full year 2024 earnings released: USh314 loss per share (vs USh7.06 profit in FY 2023)Full year 2024 results: USh314 loss per share (down from USh7.06 profit in FY 2023). Revenue: USh2.31t (up 5.4% from FY 2023). Net loss: USh510.6b (down USh522.0b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 24First half 2024 earnings released: EPS: USh8.00 (vs USh8.12 in 1H 2023)First half 2024 results: EPS: USh8.00 (down from USh8.12 in 1H 2023). Revenue: USh1.15t (up 7.1% from 1H 2023). Net income: USh13.0b (down 1.5% from 1H 2023). Profit margin: 1.1% (down from 1.2% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 27Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: USh7.10 (down from USh91.27 in FY 2022). Revenue: USh2.20t (up 16% from FY 2022). Net income: USh11.5b (down 92% from FY 2022). Profit margin: 0.5% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is expected to decline by 48% p.a. on average during the next 2 years, while revenues in the Global Electric Utilities industry are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 26First half 2022 earnings released: EPS: USh0 (vs USh29.71 in 1H 2021)First half 2022 results: EPS: USh0. Revenue: USh897.0b (down 3.3% from 1H 2021). Net income: USh64.4b (up 33% from 1H 2021). Profit margin: 7.2% (up from 5.2% in 1H 2021). The increase in margin was driven by lower expenses.
Reported Earnings • Apr 04Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: USh85.70 (up from USh26.53 in FY 2020). Revenue: USh1.89t (up 14% from FY 2020). Net income: USh139.1b (up 223% from FY 2020). Profit margin: 7.4% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is expected to shrink by 2.5% compared to a 2.0% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
New Risk • Apr 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 69% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (USh105.7b market cap, or US$28.1m).
New Risk • Feb 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: USh352.4b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.7% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (USh352.4b market cap, or US$99.7m).
New Risk • Nov 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: USh348.1b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (USh348.1b market cap, or US$99.9m).
New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 2.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (2.8% average weekly change).
New Risk • Oct 04New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 180% Dividend yield: 55% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 69% per year over the past 5 years.
Reported Earnings • Sep 18First half 2025 earnings released: USh103 loss per share (vs USh8.00 profit in 1H 2024)First half 2025 results: USh103 loss per share (down from USh8.00 profit in 1H 2024). Revenue: USh503.5b (down 56% from 1H 2024). Net loss: USh166.7b (down USh179.7b from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 157 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 03Upcoming dividend of USh222 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 31 July 2025. The company last paid an ordinary dividend in March 2015. The average dividend yield among industry peers is 2.4%.
Reported Earnings • Jun 15Full year 2024 earnings released: USh314 loss per share (vs USh7.06 profit in FY 2023)Full year 2024 results: USh314 loss per share (down from USh7.06 profit in FY 2023). Revenue: USh2.31t (up 5.4% from FY 2023). Net loss: USh510.6b (down USh522.0b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance.
Board Change • Jun 13Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 2 independent directors (7 non-independent directors). Independent & Non-Executive Director Gerald Ssendaula was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 03Umeme Limited, Annual General Meeting, May 22, 2025Umeme Limited, Annual General Meeting, May 22, 2025.
New Risk • Mar 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 11x earnings per share. Cash payout ratio: 92% Earnings have declined by 14% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).
Upcoming Dividend • Sep 30Upcoming dividend of USh26.00 per shareEligible shareholders must have bought the stock before 07 October 2024. Payment date: 31 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 25%. Within top quartile of Ugandan dividend payers (12%). Higher than average of industry peers (3.3%).
Reported Earnings • Aug 24First half 2024 earnings released: EPS: USh8.00 (vs USh8.12 in 1H 2023)First half 2024 results: EPS: USh8.00 (down from USh8.12 in 1H 2023). Revenue: USh1.15t (up 7.1% from 1H 2023). Net income: USh13.0b (down 1.5% from 1H 2023). Profit margin: 1.1% (down from 1.2% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 19Upcoming dividend of USh54.20 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 19 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 24%. Within top quartile of Ugandan dividend payers (15%). Higher than average of industry peers (4.1%).
New Risk • Apr 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 108% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (dividend per share is over 11x earnings per share). Share price has been volatile over the past 3 months (2.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).
Reported Earnings • Mar 27Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: USh7.10 (down from USh91.27 in FY 2022). Revenue: USh2.20t (up 16% from FY 2022). Net income: USh11.5b (down 92% from FY 2022). Profit margin: 0.5% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is expected to decline by 48% p.a. on average during the next 2 years, while revenues in the Global Electric Utilities industry are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
New Risk • Mar 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 108% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by earnings (147% payout ratio). Profit margins are more than 30% lower than last year (4.7% net profit margin).
Upcoming Dividend • Jan 31Upcoming dividend of USh24.00 per share at 12% yieldEligible shareholders must have bought the stock before 07 February 2024. Payment date: 29 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 12%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (4.5%).
New Risk • Aug 25New major risk - Revenue and earnings growthEarnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.7% net profit margin).
Upcoming Dividend • Jun 21Upcoming dividend of USh63.90 per share at 14% yieldEligible shareholders must have bought the stock before 28 June 2023. Payment date: 20 July 2023. Trailing yield: 14%. Lower than top quartile of Ugandan dividend payers (17%). Higher than average of industry peers (6.2%).
Price Target Changed • Apr 14Price target increased by 16% to USh492Up from USh423, the current price target is an average from 2 analysts. New target price is 23% above last closing price of USh400. Stock is up 73% over the past year. The company is forecast to post earnings per share of USh84.10 for next year compared to USh85.68 last year.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to USh380, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Electric Utilities industry globally. Total returns to shareholders of 155% over the past three years.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 20% share price gain to USh252, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 15x in the Electric Utilities industry globally. Total returns to shareholders of 78% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 2 independent directors (8 non-independent directors). Independent & Non-Executive Director Gerald Ssendaula was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 26First half 2022 earnings released: EPS: USh0 (vs USh29.71 in 1H 2021)First half 2022 results: EPS: USh0. Revenue: USh897.0b (down 3.3% from 1H 2021). Net income: USh64.4b (up 33% from 1H 2021). Profit margin: 7.2% (up from 5.2% in 1H 2021). The increase in margin was driven by lower expenses.
Upcoming Dividend • Jun 15Upcoming dividend of USh54.10 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 23%. Within top quartile of Ugandan dividend payers (9.8%). Higher than average of industry peers (4.0%).
Price Target Changed • Jun 01Price target increased to USh437Up from USh364, the current price target is provided by 1 analyst. New target price is 82% above last closing price of USh240. Stock is up 12% over the past year. The company posted earnings per share of USh85.68 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 1 independent director (10 non-independent directors). Independent & Non-Executive Director Gerald Ssendaula was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 04Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: USh85.70 (up from USh26.53 in FY 2020). Revenue: USh1.89t (up 14% from FY 2020). Net income: USh139.1b (up 223% from FY 2020). Profit margin: 7.4% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is expected to shrink by 2.5% compared to a 2.0% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to USh165, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 16x in the Electric Utilities industry globally. Total loss to shareholders of 29% over the past three years.
Reported Earnings • Aug 29First half 2021 earnings released: EPS USh29.71 (vs USh13.40 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: USh927.9b (up 9.3% from 1H 2020). Net income: USh48.2b (up 122% from 1H 2020). Profit margin: 5.2% (up from 2.6% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 16Upcoming dividend of USh12.20 per shareEligible shareholders must have bought the stock before 23 June 2021. Payment date: 19 July 2021. Trailing yield: 5.7%. Lower than top quartile of Ugandan dividend payers (8.4%). Higher than average of industry peers (3.6%).
Price Target Changed • May 18Price target decreased to USh301Down from USh437, the current price target is an average from 3 analysts. New target price is 37% above last closing price of USh219. Stock is down 11% over the past year.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS USh26.53 (vs USh85.69 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: USh1.66t (down 6.5% from FY 2019). Net income: USh43.1b (down 69% from FY 2019). Profit margin: 2.6% (down from 7.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.