Unity Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria.
Unity Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.55|
|52 Week High||₦0.50|
|52 Week Low||₦0.86|
|1 Month Change||0%|
|3 Month Change||-9.84%|
|1 Year Change||-5.17%|
|3 Year Change||-38.89%|
|5 Year Change||-11.29%|
|Change since IPO||-97.47%|
Recent News & Updates
|UNITYBNK||NG Banks||NG Market|
Return vs Industry: UNITYBNK underperformed the NG Banks industry which returned 23.6% over the past year.
Return vs Market: UNITYBNK underperformed the NG Market which returned 40.4% over the past year.
Stable Share Price: UNITYBNK is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: UNITYBNK's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Unity Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria. It accepts current, savings, and fixed deposit accounts; grants loans and advances; and offers consumer and trade finance, international banking, cash management, internet and mobile banking, and money market services. The company also provides asset acquisition finance, salary advance, salary backed loans, inventory finance, letter of credit, and overdraft facility.
Unity Bank Fundamentals Summary
|UNITYBNK fundamental statistics|
Is UNITYBNK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|UNITYBNK income statement (TTM)|
|Cost of Revenue||₦497.42m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.21|
|Net Profit Margin||8.84%|
How did UNITYBNK perform over the long term?See historical performance and comparison
Is Unity Bank 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: Insufficient data to calculate UNITYBNK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate UNITYBNK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: UNITYBNK is good value based on its PE Ratio (2.6x) compared to the NG Banks industry average (3.8x).
PE vs Market: UNITYBNK is good value based on its PE Ratio (2.6x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UNITYBNK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UNITYBNK has negative assets, so we can't compare its PB Ratio to the NG Banks industry average.
How is Unity Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Unity Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Unity Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UNITYBNK has a high level of non-cash earnings.
Growing Profit Margin: UNITYBNK's current net profit margins (8.8%) are lower than last year (15.2%).
Past Earnings Growth Analysis
Earnings Trend: UNITYBNK has become profitable over the past 5 years, growing earnings by 19.2% per year.
Accelerating Growth: UNITYBNK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UNITYBNK had negative earnings growth (-29.3%) over the past year, making it difficult to compare to the Banks industry average (10.5%).
Return on Equity
High ROE: UNITYBNK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Unity Bank'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: UNITYBNK's Assets to Equity ratio (-1.9x) is low.
Allowance for Bad Loans: UNITYBNK has a sufficient allowance for bad loans (5949%).
Low Risk Liabilities: 62% of UNITYBNK's liabilities are made up of primarily higher risk sources of funding.
Loan Level: UNITYBNK has an appropriate level of Loans to Assets ratio (45%).
Low Risk Deposits: UNITYBNK's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: UNITYBNK has an appropriate level of bad loans (0%).
What is Unity Bank current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UNITYBNK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate UNITYBNK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if UNITYBNK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UNITYBNK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: UNITYBNK is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of UNITYBNK's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mrs. Oluwatomi Somefun, also known as Tomi, has been the Chief Executive Officer and Managing Director at Unity Bank Plc since August 12, 2015. Mrs. Somefun has over 25 years cognate experience in the fina...
Experienced Board: UNITYBNK's board of directors are considered experienced (6.6 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.
Unity Bank Plc's employee growth, exchange listings and data sources
- Name: Unity Bank Plc
- Ticker: UNITYBNK
- Exchange: NGSE
- Founded: 1987
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦6.429b
- Shares outstanding: 11.69b
- Website: https://www.unitybankng.com
Number of Employees
- Unity Bank Plc
- Plot 42
- Ahmed Onibudo Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 21:00|
|End of Day Share Price||2021/10/21 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.