United Bank for Africa Plc, together with its subsidiaries, primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.
United Bank for Africa Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₦8.40|
|52 Week High||₦6.75|
|52 Week Low||₦9.80|
|1 Month Change||12.00%|
|3 Month Change||7.69%|
|1 Year Change||16.67%|
|3 Year Change||3.70%|
|5 Year Change||97.65%|
|Change since IPO||779.84%|
Recent News & Updates
|UBA||NG Banks||NG Market|
Return vs Industry: UBA underperformed the NG Banks industry which returned 21.5% over the past year.
Return vs Market: UBA underperformed the NG Market which returned 40.9% over the past year.
Stable Share Price: UBA is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: UBA's weekly volatility (3%) has been stable over the past year.
About the Company
United Bank for Africa Plc, together with its subsidiaries, primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally. The company operates through Corporate Banking, Retail/Commercial Banking, and Treasury and Financial Markets segments. It offers current, savings, salary, fixed deposit, and domiciliary accounts; asset, entrepreneur, and creative industry finance; personal, auto, and school loans; debit and prepaid cards; and trade and treasury products.
United Bank for Africa Fundamentals Summary
|UBA fundamental statistics|
Is UBA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|UBA income statement (TTM)|
|Cost of Revenue||₦0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.64|
|Net Profit Margin||31.15%|
How did UBA perform over the long term?See historical performance and comparison
6.5%Current Dividend Yield
Is United Bank for Africa undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UBA (NGN8.4) is trading above our estimate of fair value (NGN7.7)
Significantly Below Fair Value: UBA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UBA is good value based on its PE Ratio (2.3x) compared to the NG Banks industry average (3.8x).
PE vs Market: UBA is good value based on its PE Ratio (2.3x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: UBA is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: UBA's PB Ratio (0.4x) is in line with the NG Banks industry average.
How is United Bank for Africa forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UBA's forecast earnings growth (19.1% per year) is above the savings rate (13.2%).
Earnings vs Market: UBA's earnings (19.1% per year) are forecast to grow faster than the NG market (15.4% per year).
High Growth Earnings: UBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: UBA's revenue (15.2% per year) is forecast to grow faster than the NG market (10.4% per year).
High Growth Revenue: UBA's revenue (15.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UBA's Return on Equity is forecast to be low in 3 years time (19%).
How has United Bank for Africa performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UBA has high quality earnings.
Growing Profit Margin: UBA's current net profit margins (31.2%) are higher than last year (21.8%).
Past Earnings Growth Analysis
Earnings Trend: UBA's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: UBA's earnings growth over the past year (69.6%) exceeds its 5-year average (10.6% per year).
Earnings vs Industry: UBA earnings growth over the past year (69.6%) exceeded the Banks industry 10.5%.
Return on Equity
High ROE: UBA's Return on Equity (17.3%) is considered low.
How is United Bank for Africa's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: UBA's Assets to Equity ratio (11x) is moderate.
Allowance for Bad Loans: UBA has a low allowance for bad loans (95%).
Low Risk Liabilities: 88% of UBA's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBA has an appropriate level of Loans to Assets ratio (34%).
Low Risk Deposits: UBA's Loans to Deposits ratio (42%) is appropriate.
Level of Bad Loans: UBA has a high level of bad loans (3.5%).
What is United Bank for Africa current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UBA's dividend (6.55%) is higher than the bottom 25% of dividend payers in the NG market (3.33%).
High Dividend: UBA's dividend (6.55%) is low compared to the top 25% of dividend payers in the NG market (7.34%).
Stability and Growth of Payments
Stable Dividend: UBA's dividend payments have been volatile in the past 10 years.
Growing Dividend: UBA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.1%), UBA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UBA's dividends in 3 years are forecast to be well covered by earnings (22.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kennedy Uzoka (55 yo)
Mr. Kennedy Uzoka has been the Chief Executive Officer and Group Managing Director of United Bank for Africa Plc since August 1, 2016. He was the Executive in charge of the Group’s businesses in New York a...
Experienced Management: UBA's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: UBA's board of directors are considered experienced (5.2 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 for Africa Plc's employee growth, exchange listings and data sources
- Name: United Bank for Africa Plc
- Ticker: UBA
- Exchange: NGSE
- Founded: 1948
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦287.275b
- Shares outstanding: 34.20b
- Website: https://www.ubagroup.com
Number of Employees
- United Bank for Africa Plc
- UBA House
- 57, Marina
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:41|
|End of Day Share Price||2021/10/25 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.