ASX:UUL

Stock Analysis Report

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Executive Summary

Ultima United Limited engages in property development business in Australia. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Ultima United's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UUL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: Insufficient data to determine UUL's volatility change over the past year.


Market Performance


7 Day Return

1.9%

UUL

-1.3%

AU Real Estate

-1.2%

AU Market


1 Year Return

n/a

UUL

-3.3%

AU Real Estate

22.6%

AU Market

Return vs Industry: Insufficient data to determine how UUL performed against the Australian Real Estate industry.

Return vs Market: Insufficient data to determine how UUL performed against the Australian Market.


Shareholder returns

UULIndustryMarket
7 Day1.9%-1.3%-1.2%
30 Day103.9%5.1%-1.9%
90 Dayn/a-2.0%1.5%
1 Yearn/a-1.4%-3.3%26.6%22.6%
3 Year1,515.4%1,515.4%-7.8%-15.3%27.4%11.9%
5 Year2,525.0%2,525.0%24.0%4.8%59.9%28.5%

Long-Term Price Volatility Vs. Market

How volatile is Ultima United's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ultima United undervalued compared to its fair value and its price relative to the market?

7.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: UUL (A$1.05) is trading above our estimate of fair value (A$0.1)

Significantly Below Fair Value: UUL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UUL is unprofitable, so we can't compare its PE Ratio to the AU Real Estate industry average.

PE vs Market: UUL is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UUL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UUL is overvalued based on its PB Ratio (7.9x) compared to the AU Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Ultima United forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.1%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ultima United has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ultima United performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UUL is currently unprofitable.

Growing Profit Margin: UUL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UUL is unprofitable, but has reduced losses over the past 5 years at a rate of 17% per year.

Accelerating Growth: Unable to compare UUL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: UUL is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-13.3%).


Return on Equity

High ROE: UUL has a negative Return on Equity (-6.77%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ultima United's financial position?


Financial Position Analysis

Short Term Liabilities: UUL's short term assets (A$5.8M) exceed its short term liabilities (A$2.2M).

Long Term Liabilities: UUL's short term assets (A$5.8M) exceed its long term liabilities (A$717.2K).


Debt to Equity History and Analysis

Debt Level: UUL's debt to equity ratio (57.9%) is considered high.

Reducing Debt: UUL's debt to equity ratio has increased from 25.7% to 57.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable UUL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: UUL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.7% per year.


Next Steps

Dividend

What is Ultima United current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate UUL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UUL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UUL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UUL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UUL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Jonathan Cheng

0.67

Tenure

AU$600

Compensation

Mr. Jonathan Cheng has been Executive Chairman and Managing Director at Ultima United Limited since July 21, 2020 and served as its Non-Executive Director since June 24, 2020 until July 21, 2020. Mr. Cheng...


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Cheng
Executive Chairman & MD0.67yrAU$600.003.55%
A$ 1.4m
Hon-Yap Kong
Executive Director12.83yrsAU$117.83k0.098%
A$ 37.6k
Piers Lewis
Company Secretary & Non-Executive Director0.67yrno datano data
Yew Goh
Joint Company Secretary2.08yrsno datano data

2.1yrs

Average Tenure

Experienced Management: UUL's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Cheng
Executive Chairman & MD0.67yrAU$600.003.55%
A$ 1.4m
Hon-Yap Kong
Executive Director12.83yrsAU$117.83k0.098%
A$ 37.6k
Piers Lewis
Company Secretary & Non-Executive Director0.67yrno datano data
Yew Lo
Director0.50yrno datano data

0.7yrs

Average Tenure

Experienced Board: UUL's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: UUL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25%.


Top Shareholders

Company Information

Ultima United Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ultima United Limited
  • Ticker: UUL
  • Exchange: ASX
  • Founded: 2007
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: AU$38.490m
  • Shares outstanding: 36.66m
  • Website: https://www.ultimaunited.com

Number of Employees


Location

  • Ultima United Limited
  • 11 Preston Street
  • Suite 14
  • Como
  • Western Australia
  • 6152
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UULASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2007
EZXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007
UULCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2007

Biography

Ultima United Limited engages in property development business in Australia. It develops residential apartment projects in Cannington and Bentley, Western Australia. The company was formerly known as Unite...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/09 07:08
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.