United Bankers Oyj (HLSE:UNITED) - Share price, News & Analysis

UNITED fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	5/6
Financial Health	4/6
Dividends	4/6

UNITED Stock Overview

United Bankers Oyj provides investment products and services in Finland.

Rewards

Trading at 4% below our estimate of its fair value

Earnings are forecast to grow 7.87% per year

Earnings have grown 35.6% per year over the past 5 years

Risk Analysis

Unstable dividend track record

United Bankers Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for United Bankers Oyj
Historical stock prices
Current Share Price	€14.35
52 Week High	€15.95
52 Week Low	€12.50
Beta	0.41
1 Month Change	6.30%
3 Month Change	2.87%
1 Year Change	10.39%
3 Year Change	79.38%
5 Year Change	102.11%
Change since IPO	106.18%

Recent News & Updates

May 27

One Analyst's Earnings Estimates For United Bankers Oyj (HEL:UNITED) Are Surging Higher

United Bankers Oyj ( HEL:UNITED ) shareholders will have a reason to smile today, with the covering analyst making...

Shareholder Returns

	UNITED	FI Capital Markets	FI Market
7D	6.3%	2.2%	2.5%
1Y	10.4%	0.9%	-11.7%

Return vs Industry: UNITED exceeded the Finnish Capital Markets industry which returned 0.9% over the past year.

Return vs Market: UNITED exceeded the Finnish Market which returned -11.7% over the past year.

Price Volatility

Is UNITED's price volatile compared to industry and market?
UNITED volatility
UNITED Average Weekly Movement	6.1%
Capital Markets Industry Average Movement	6.0%
Market Average Movement	6.2%
10% most volatile stocks in FI Market	9.0%
10% least volatile stocks in FI Market	4.4%

Stable Share Price: UNITED is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: UNITED's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	137	Patrick Anderson	https://www.unitedbankers.fi

United Bankers Oyj provides investment products and services in Finland. The company offers asset management services, including investment funds, wealth management, structured investments, traditional equity and fixed income funds, direct and structured bonds, real assets investment funds, private equity funds, and securities brokerage. It also provides capital markets services, such as corporate finance advisory, IPOs, equity-based and debt-based financing, and a corporate lending platform.

United Bankers Oyj Fundamentals Summary

How do United Bankers Oyj's earnings and revenue compare to its market cap?
UNITED fundamental statistics
Market Cap	€148.83m
Earnings (TTM)	€10.35m
Revenue (TTM)	€43.71m

14.4x

P/E Ratio

3.4x

P/S Ratio

Is UNITED overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
UNITED income statement (TTM)
Revenue	€43.71m
Cost of Revenue	€5.29m
Gross Profit	€38.42m
Other Expenses	€28.07m
Earnings	€10.35m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	1.00
Gross Margin	87.90%
Net Profit Margin	23.67%
Debt/Equity Ratio	4.5%

How did UNITED perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

70%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

4.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: UNITED (€14.35) is trading below our estimate of fair value (€14.95)

Significantly Below Fair Value: UNITED is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: UNITED's PE Ratio (14.4x) is in line with the Finnish Capital Markets industry average.

PE vs Market: UNITED is good value based on its PE Ratio (14.4x) compared to the Finnish market (17.6x).

Price to Earnings Growth Ratio

PEG Ratio: UNITED is poor value based on its PEG Ratio (1.8x)

Price to Book Ratio

PB vs Industry: UNITED is overvalued based on its PB Ratio (3.4x) compared to the FI Capital Markets industry average (2.3x).

Future Growth

How is United Bankers Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

7.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNITED's forecast earnings growth (7.9% per year) is above the savings rate (0.2%).

Earnings vs Market: UNITED's earnings (7.9% per year) are forecast to grow slower than the Finnish market (8.1% per year).

High Growth Earnings: UNITED's earnings are forecast to grow, but not significantly.

Revenue vs Market: UNITED's revenue (6.8% per year) is forecast to grow faster than the Finnish market (2.9% per year).

High Growth Revenue: UNITED's revenue (6.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: UNITED's Return on Equity is forecast to be high in 3 years time (24.9%)

Past Performance

How has United Bankers Oyj performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

35.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UNITED has high quality earnings.

Growing Profit Margin: UNITED's current net profit margins (23.7%) are higher than last year (18.3%).

Past Earnings Growth Analysis

Earnings Trend: UNITED's earnings have grown significantly by 35.6% per year over the past 5 years.

Accelerating Growth: UNITED's earnings growth over the past year (66%) exceeds its 5-year average (35.6% per year).

Earnings vs Industry: UNITED earnings growth over the past year (66%) underperformed the Capital Markets industry 66%.

Return on Equity

High ROE: UNITED's Return on Equity (25.3%) is considered high.

Financial Health

How is United Bankers Oyj's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: UNITED's short term assets (€15.1M) exceed its short term liabilities (€8.3M).

Long Term Liabilities: UNITED's short term assets (€15.1M) do not cover its long term liabilities (€25.6M).

Debt to Equity History and Analysis

Debt Level: UNITED has more cash than its total debt.

Reducing Debt: UNITED's debt to equity ratio has reduced from 19.4% to 4.5% over the past 5 years.

Debt Coverage: UNITED's debt is well covered by operating cash flow (654.3%).

Interest Coverage: Insufficient data to determine if UNITED's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: UNITED's dividend (4.88%) is higher than the bottom 25% of dividend payers in the Finnish market (2.38%).

High Dividend: UNITED's dividend (4.88%) is in the top 25% of dividend payers in the Finnish market (4.74%)

Stability and Growth of Payments

Stable Dividend: UNITED has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: UNITED's dividend payments have increased, but the company has only paid a dividend for 7 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (70.3%), UNITED's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (62.6%), UNITED's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

2.4yrs

Average management tenure

CEO

Patrick Anderson (42 yo)

12.33yrs

Tenure

Mr. Patrick Anderson serves as the Chairman of the Management Board and President at United Bankers Oyj and has been its Chief Executive Officer since 2010.

Leadership Team

Experienced Management: UNITED's management team is considered experienced (2.4 years average tenure).

Board Members

Experienced Board: UNITED's board of directors are considered experienced (4.3 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31