Union Bank of Nigeria Plc

NGSE:UBN Stock Report

Market Cap: ₦194.6b

Union Bank of Nigeria Past Earnings Performance

Past criteria checks 4/6

Union Bank of Nigeria has been growing earnings at an average annual rate of 11.7%, while the Banks industry saw earnings growing at 25.9% annually. Revenues have been growing at an average rate of 5.7% per year. Union Bank of Nigeria's return on equity is 11.7%, and it has net margins of 29.8%.

Key information

11.7%

Earnings growth rate

8.8%

EPS growth rate

Banks Industry Growth30.4%
Revenue growth rate5.7%
Return on equity11.7%
Net Margin29.8%
Last Earnings Update31 Mar 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Union Bank of Nigeria makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:UBN Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 23119,72735,66534,2760
31 Dec 22111,16229,30633,9240
30 Sep 22105,56621,19736,5120
30 Jun 22101,04119,22135,7270
31 Mar 22108,09019,98040,6060
31 Dec 21100,11119,24738,7500
30 Sep 21105,82124,68138,5400
30 Jun 21105,56425,20539,8020
31 Mar 2196,19724,32435,8880
31 Dec 20104,07724,99239,8770
30 Sep 2096,97425,00138,3810
30 Jun 2096,13124,18039,3420
31 Mar 2097,78725,35440,4000
31 Dec 1995,85924,09940,7090
30 Sep 1985,22217,90137,9750
30 Jun 1985,27217,03238,4610
31 Mar 1987,52715,98940,7180
31 Dec 1889,36917,31740,2590
30 Sep 1891,22614,32040,9990
30 Jun 1889,41114,34239,7940
31 Mar 1883,74913,92137,0630
31 Dec 1780,38412,28836,6960
30 Sep 1781,91414,92938,0840
30 Jun 1781,54516,02737,7730
31 Mar 1779,12715,46036,8200
31 Dec 1677,73815,61736,3950
30 Sep 1677,22417,87836,0100
30 Jun 1674,08616,62236,1390
31 Mar 1674,62216,55435,6700
31 Dec 1571,90214,20535,2260
30 Sep 1585,90926,68134,1870
30 Jun 1586,35125,66434,0470
31 Mar 1584,54123,80634,5830
31 Dec 1486,54425,48733,6980
30 Sep 1465,7683,75842,2320
30 Jun 1460,4812,00040,8790
31 Mar 1461,9066,04841,4820
31 Dec 1363,9268,70242,9470
30 Sep 1363,1855,08940,9430
30 Jun 1371,08010,19442,1970
31 Mar 1381,15912,16244,8380
31 Dec 1277,3126,89847,2710

Quality Earnings: UBN has high quality earnings.

Growing Profit Margin: UBN's current net profit margins (29.8%) are higher than last year (18.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: UBN's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: UBN's earnings growth over the past year (78.5%) exceeds its 5-year average (11.7% per year).

Earnings vs Industry: UBN earnings growth over the past year (78.5%) did not outperform the Banks industry 90.3%.

Return on Equity

High ROE: UBN's Return on Equity (11.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/12/04 08:31
End of Day Share Price 2023/11/14 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Union Bank of Nigeria Plc is covered by 3 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Olufemi AdemolaBGL Research
null nullFSDH Merchant Bank Limited
Brent MalahayJ.P. Morgan