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UOAR

Uoa Real Estate Investment KLSE:UOAREIT Stock Report

Last Price

RM1.10

Market Cap

RM743.2m

7D

-2.7%

1Y

-1.8%

Updated

28 Sep, 2022

Data

Company Financials +
UOAREIT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health1/6
Dividends5/6

UOAREIT Stock Overview

UOA Real Estate Investment Trust invests in real estate and real estate-related assets used for commercial purposes in Malaysia.

Uoa Real Estate Investment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Uoa Real Estate Investment
Historical stock prices
Current Share PriceRM1.10
52 Week HighRM1.20
52 Week LowRM1.10
Beta0.15
1 Month Change-2.66%
3 Month Change-5.17%
1 Year Change-1.79%
3 Year Change-12.00%
5 Year Change-32.93%
Change since IPO-6.78%

Recent News & Updates

Shareholder Returns

UOAREITMY REITsMY Market
7D-2.7%-1.7%-3.0%
1Y-1.8%-3.7%-11.4%

Return vs Industry: UOAREIT exceeded the MY REITs industry which returned -3.7% over the past year.

Return vs Market: UOAREIT exceeded the MY Market which returned -11.4% over the past year.

Price Volatility

Is UOAREIT's price volatile compared to industry and market?
UOAREIT volatility
UOAREIT Average Weekly Movement1.3%
REITs Industry Average Movement2.1%
Market Average Movement5.2%
10% most volatile stocks in MY Market11.0%
10% least volatile stocks in MY Market2.5%

Stable Share Price: UOAREIT is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: UOAREIT's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aSze Choon Konghttps://www.uoareit.com.my

UOA Real Estate Investment Trust invests in real estate and real estate-related assets used for commercial purposes in Malaysia. The company was founded in 2005 and is based in Kuala Lumpur, Malaysia.

Uoa Real Estate Investment Fundamentals Summary

How do Uoa Real Estate Investment's earnings and revenue compare to its market cap?
UOAREIT fundamental statistics
Market CapRM743.16m
Earnings (TTM)RM42.09m
Revenue (TTM)RM115.98m

17.7x

P/E Ratio

6.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UOAREIT income statement (TTM)
RevenueRM115.98m
Cost of RevenueRM33.31m
Gross ProfitRM82.67m
Other ExpensesRM40.58m
EarningsRM42.09m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.062
Gross Margin71.28%
Net Profit Margin36.29%
Debt/Equity Ratio68.1%

How did UOAREIT perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

72%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is UOAREIT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UOAREIT?

Other financial metrics that can be useful for relative valuation.

UOAREIT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.2x
Enterprise Value/EBITDA17.6x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does UOAREIT's PE Ratio compare to its peers?

UOAREIT PE Ratio vs Peers
The above table shows the PE ratio for UOAREIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.3x
SENTRAL Sentral REIT
13.9x4.6%RM911.0m
AMFIRST AmFirst Real Estate Investment Trust
53.4xn/aRM247.1m
TWRREIT Tower Real Estate Investment Trust
22.4xn/aRM131.8m
ALAQAR Al-'Aqar Healthcare REIT
11.6x2.1%RM875.8m
UOAREIT Uoa Real Estate Investment
17.7x9.6%RM743.2m

Price-To-Earnings vs Peers: UOAREIT is good value based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (25.3x).


Price to Earnings Ratio vs Industry

How does UOAREIT's PE Ratio compare vs other companies in the Asian REITs Industry?

Price-To-Earnings vs Industry: UOAREIT is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the Asian REITs industry average (17.3x)


Price to Earnings Ratio vs Fair Ratio

What is UOAREIT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UOAREIT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.7x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: UOAREIT is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).


Share Price vs Fair Value

What is the Fair Price of UOAREIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UOAREIT (MYR1.1) is trading below our estimate of fair value (MYR2.39)

Significantly Below Fair Value: UOAREIT is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Uoa Real Estate Investment forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UOAREIT's forecast earnings growth (9.6% per year) is above the savings rate (3.6%).

Earnings vs Market: UOAREIT's earnings (9.6% per year) are forecast to grow slower than the MY market (9.6% per year).

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

Revenue vs Market: UOAREIT's revenue (3.3% per year) is forecast to grow slower than the MY market (4.8% per year).

High Growth Revenue: UOAREIT's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UOAREIT's Return on Equity is forecast to be low in 3 years time (6.8%).


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Past Performance

How has Uoa Real Estate Investment performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UOAREIT has a large one-off loss of MYR21.9M impacting its June 30 2022 financial results.

Growing Profit Margin: UOAREIT's current net profit margins (36.3%) are lower than last year (50.1%).


Past Earnings Growth Analysis

Earnings Trend: UOAREIT's earnings have declined by 5.2% per year over the past 5 years.

Accelerating Growth: UOAREIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UOAREIT had negative earnings growth (-12%) over the past year, making it difficult to compare to the REITs industry average (31.7%).


Return on Equity

High ROE: UOAREIT's Return on Equity (4.2%) is considered low.


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Financial Health

How is Uoa Real Estate Investment's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: UOAREIT's short term assets (MYR12.2M) do not cover its short term liabilities (MYR678.4M).

Long Term Liabilities: UOAREIT's short term assets (MYR12.2M) do not cover its long term liabilities (MYR55.8M).


Debt to Equity History and Analysis

Debt Level: UOAREIT's net debt to equity ratio (67.9%) is considered high.

Reducing Debt: UOAREIT's debt to equity ratio has increased from 55.2% to 68.1% over the past 5 years.

Debt Coverage: UOAREIT's debt is not well covered by operating cash flow (12%).

Interest Coverage: UOAREIT's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


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Dividend

What is Uoa Real Estate Investment current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.84%

Current Dividend Yield

Dividend Yield vs Market

Uoa Real Estate Investment Dividend Yield vs Market
How does Uoa Real Estate Investment dividend yield compare to the market?
SegmentDividend Yield
Company (Uoa Real Estate Investment)7.8%
Market Bottom 25% (MY)2.1%
Market Top 25% (MY)5.2%
Industry Average (REITs)4.6%
Analyst forecast in 3 Years (Uoa Real Estate Investment)8.5%

Notable Dividend: UOAREIT's dividend (7.84%) is higher than the bottom 25% of dividend payers in the MY market (2.08%).

High Dividend: UOAREIT's dividend (7.84%) is in the top 25% of dividend payers in the MY market (5.21%)


Stability and Growth of Payments

Stable Dividend: UOAREIT's dividends per share have been stable in the past 10 years.

Growing Dividend: UOAREIT's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (71.7%), UOAREIT's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (71.5%), UOAREIT'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?

11.7yrs

Average board tenure


CEO

Sze Choon Kong (45 yo)

11.67yrs

Tenure

RM457,918

Compensation

Mr. Sze Choon Kong has been the Chief Executive Officer and Executive Director of UOA Asset Management Sdn Bhd since January 14, 2011. He is Chief Executive Officer of UOA REIT. He was Chief Executive Offi...


CEO Compensation Analysis

Sze Choon Kong's Compensation vs Uoa Real Estate Investment Earnings
How has Sze Choon Kong's remuneration changed compared to Uoa Real Estate Investment's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

RM42m

Mar 31 2022n/an/a

RM42m

Dec 31 2021RM458kRM390k

RM42m

Compensation vs Market: Sze Choon's total compensation ($USD99.31K) is below average for companies of similar size in the MY market ($USD167.74K).

Compensation vs Earnings: Insufficient data to compare Sze Choon's compensation with company performance.


Board Members

Experienced Board: UOAREIT's board of directors are seasoned and experienced ( 11.7 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

What is the ownership structure of UOAREIT?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders60,306,6008.9%
Institutions136,733,50020.2%
General Public147,020,10021.8%
Private Companies154,615,80022.9%
Public Companies176,923,07626.2%

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


Top Shareholders

Top 25 shareholders own 77.35% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
26.19%
United Overseas Australia Limited
176,923,076MYR194.6m0%no data
11.51%
Wisma UOA Sdn. Bhd.
77,729,000MYR85.5m0%no data
9.99%
Employees Provident Fund of Malaysia
67,507,500MYR74.3m0.06%0.05%
9.37%
Dynasty Portfolio Sdn Bhd
63,326,600MYR69.7m0%no data
7.1%
UOA Asset Management Sdn Bhd
48,000,000MYR52.8m0%no data
1.71%
Affin Hwang Asset Management Berhad
11,565,400MYR12.7m0%0.2%
1.63%
Chee Meng Lim
11,000,000MYR12.1m0%no data
1.48%
Wee Hian Loh
10,000,000MYR11.0m0%no data
1.35%
Kheng Chew Yeow
9,091,000MYR10.0m0%no data
0.79%
LTG Development Sdn Bhd
5,370,700MYR5.9m0%no data
0.67%
Boon Seng Tan
4,545,500MYR5.0m0%no data
0.67%
Desamal Capital Sdn Bhd
4,545,500MYR5.0m0%no data
0.62%
Kumpulan Wang Bersama
4,180,000MYR4.6m0%1.22%
0.61%
Kin Yan Ta
4,090,900MYR4.5m0%no data
0.52%
Tian Tion Yap
3,522,200MYR3.9m0%no data
0.43%
Tokio Marine Asset Management Co., Ltd.
2,909,000MYR3.2m0%0.01%
0.4%
Ahmad Bin Abdul Razak
2,726,900MYR3.0m0%no data
0.36%
Sanlam Investment Management (Pty) Ltd.
2,411,600MYR2.7m0%0.01%
0.3%
Swee Lee Chan
2,025,600MYR2.2m0%no data
0.3%
Agromate Holdings Sdn Bhd
2,000,000MYR2.2m0%no data
0.28%
Tah Poh Wee
1,900,000MYR2.1m0%no data
0.27%
Bee Eng Lim
1,829,600MYR2.0m0%no data
0.27%
Gunanath Lingam
1,818,000MYR2.0m0%no data
0.27%
Ek Lye
1,808,500MYR2.0m0%no data
0.26%
Lee Yun Wong
1,755,800MYR1.9m0%no data

Company Information

Uoa Real Estate Investment's employee growth, exchange listings and data sources


Key Information

  • Name: Uoa Real Estate Investment
  • Ticker: UOAREIT
  • Exchange: KLSE
  • Founded: 2005
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: RM743.159m
  • Shares outstanding: 675.60m
  • Website: https://www.uoareit.com.my

Location

  • Uoa Real Estate Investment
  • UOA Corporate Tower
  • Lobby A, Avenue 10, The Vertical
  • Kuala Lumpur
  • Selangor
  • 59200
  • Malaysia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UOAREITKLSE (Bursa Malaysia)YesUNITSMYMYRDec 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.