United Bank Limited provides commercial banking and related services in Pakistan, the Middle East, the United States, and Europe.
Established dividend payer and good value.
Share Price & News
How has United Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UBLS has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: UBLS exceeded the UK Banks industry which returned -35.7% over the past year.
Return vs Market: UBLS exceeded the UK Market which returned -23% over the past year.
Price Volatility Vs. Market
How volatile is United Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is United Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UBLS ($6.4) is trading below our estimate of fair value ($10.58)
Significantly Below Fair Value: UBLS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UBLS is poor value based on its PE Ratio (6.1x) compared to the Banks industry average (4.5x).
PE vs Market: UBLS is good value based on its PE Ratio (6.1x) compared to the UK market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: UBLS is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: UBLS is overvalued based on its PB Ratio (0.7x) compared to the GB Banks industry average (0.5x).
How is United Bank forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UBLS's forecast earnings growth (19.4% per year) is above the savings rate (0.5%).
Earnings vs Market: UBLS's earnings (19.4% per year) are forecast to grow faster than the UK market (15.5% per year).
High Growth Earnings: UBLS's earnings are forecast to grow, but not significantly.
Revenue vs Market: UBLS's revenue (12% per year) is forecast to grow faster than the UK market (2.3% per year).
High Growth Revenue: UBLS's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UBLS's Return on Equity is forecast to be high in 3 years time (21.4%)
How has United Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UBLS has high quality earnings.
Growing Profit Margin: UBLS's current net profit margins (25.5%) are higher than last year (21.8%).
Past Earnings Growth Analysis
Earnings Trend: UBLS's earnings have declined by -7.8% per year over the past 5 years.
Accelerating Growth: UBLS's earnings growth over the past year (30.3%) exceeds its 5-year average (-7.8% per year).
Earnings vs Industry: UBLS earnings growth over the past year (30.3%) exceeded the Banks industry 29.6%.
Return on Equity
High ROE: UBLS's Return on Equity (10.6%) is considered low.
How is United Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: UBLS has a low level of unsold assets or inventory.
Debt Coverage by Assets: UBLS's debt is covered by short term assets (assets are 2.4x debt).
Financial Institutions Analysis
Asset Level: UBLS's level of assets compared to its equity is moderate.
Allowance for Bad Loans: UBLS has a low allowance for bad loans.
Low Risk Liabilities: UBLS's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBLS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UBLS's loans are broadly funded by customer deposits.
Level of Bad Loans: UBLS has a high level of bad loans (10%)
What is United Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UBLS's dividend (11.9%) is higher than the bottom 25% of dividend payers in the UK market (2.69%).
High Dividend: UBLS's dividend (11.9%) is in the top 25% of dividend payers in the UK market (7.48%)
Stability and Growth of Payments
Stable Dividend: UBLS's dividend payments have been volatile in the past 10 years.
Growing Dividend: UBLS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.3%), UBLS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UBLS's dividends in 3 years are forecast to be well covered by earnings (44.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sima Kamil (62yo)
Ms. Sima Kamil serves as Non-Executive Director at United National Bank Ltd. and served as its Executive Director since August 2019. Ms. Sima Kamil has been the Chief Executive Officer and President of Uni ...
|President||2.67yrs||no data||0.000040% PKR297.7|
|Independent Director||5.42yrs||PK₨13.62m||0.00020% PKR1.5k|
|Chairman of the Board||6.25yrs||PK₨11.71m||1.04% PKR7.8m|
|Non-Executive Director||17.42yrs||PK₨11.75m||0.20% PKR1.5m|
|Non-Executive Director||6yrs||PK₨11.71m||0.011% PKR78.7k|
|Non-Executive Director||10.42yrs||PK₨9.65m||0.00020% PKR1.5k|
|Non-Executive Director||6yrs||PK₨11.75m||0.16% PKR1.2m|
|Independent Director||3yrs||PK₨12.95m||0.00020% PKR1.5k|
|Independent Director||2.83yrs||PK₨12.93m||0.00020% PKR1.5k|
|Chairman of Shariah Board||no data||no data||no data|
Experienced Board: UBLS's board of directors are considered experienced (6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
United Bank Limited's company bio, employee growth, exchange listings and data sources
- Name: United Bank Limited
- Ticker: UBLS
- Exchange: LSE
- Founded: 1959
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: PK₨123.410b
- Listing Market Cap: PK₨744.328m
- Shares outstanding: 1.22b
- Website: https://www.ubldigital.com
Number of Employees
- United Bank Limited
- I.I. Chundrigar Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UBL||KASE (Pakistan Stock Exchange Limited)||Yes||Ordinary Shares||PK||PKR||Sep 2005|
|UBLS||LSE (London Stock Exchange)||GDR EACH REP 4 SHS(REGS)||GB||USD||Jun 2007|
United Bank Limited provides commercial banking and related services in Pakistan, the Middle East, the United States, and Europe. The company provides project, trade, and working capital finance services; import and export, factoring, leasing, and lending services; and guarantees. It also offers services related to mergers and acquisitions, underwriting/arrangement of debt and equity instruments through syndications, initial public offerings, and private placements. In addition, the company provides fixed income, equity, foreign exchange, credit, funding, own position securities, lending and borrowing, and derivatives for hedging and market making. Further, it offers deposits, lending, and banking services to private individuals and small businesses, which includes credit cards and branchless banking, as well as operates Islamic bank branches. Additionally, it provides savings and current accounts; consumer loans; life insurances and other insurances; and mutual funds products. As of December 31, 2019, it operated 1,362 branches in Pakistan, including 100 Islamic Banking branches and 2 branches in export processing zone; and 14 branches internationally. The company was founded in 1959 and is headquartered in Karachi, Pakistan. United Bank Limited is a subsidiary of Bestway (Holdings) Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 22:22|
|End of Day Share Price||2020/03/31 00:00|
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.