United Capital Plc, together with its subsidiaries, provides investment banking, portfolio management, securities trading, and trusteeship services in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦9.20|
|52 Week High||₦3.70|
|52 Week Low||₦9.90|
|1 Month Change||2.22%|
|3 Month Change||25.17%|
|1 Year Change||142.11%|
|3 Year Change||206.67%|
|5 Year Change||272.47%|
|Change since IPO||624.41%|
Recent News & Updates
|UCAP||NG Capital Markets||NG Market|
Return vs Industry: UCAP exceeded the NG Capital Markets industry which returned 43% over the past year.
Return vs Market: UCAP exceeded the NG Market which returned 40.4% over the past year.
Stable Share Price: UCAP is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: UCAP's weekly volatility (5%) has been stable over the past year.
About the Company
United Capital Plc, together with its subsidiaries, provides investment banking, portfolio management, securities trading, and trusteeship services in Nigeria. The company offers issuing house, corporate investment advisory, project finance, debt restructuring, mergers and acquisitions, asset management, and debt capital market services. It also provides trust services, such as debenture trust; bond trusteeship to corporate and sub-sovereign issuers of public debt instruments; and trustees to collective investment schemes.
United Capital Fundamentals Summary
|UCAP fundamental statistics|
Is UCAP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|UCAP income statement (TTM)|
|Cost of Revenue||₦0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.72|
|Net Profit Margin||60.34%|
How did UCAP perform over the long term?See historical performance and comparison
7.6%Current Dividend Yield
Is United Capital 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: UCAP (NGN9.2) is trading above our estimate of fair value (NGN3.3)
Significantly Below Fair Value: UCAP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UCAP is good value based on its PE Ratio (5.4x) compared to the African Capital Markets industry average (10.8x).
PE vs Market: UCAP is good value based on its PE Ratio (5.4x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UCAP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UCAP is overvalued based on its PB Ratio (2.1x) compared to the XF Capital Markets industry average (1x).
How is United Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials 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 United Capital 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 United Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UCAP has high quality earnings.
Growing Profit Margin: UCAP's current net profit margins (60.3%) are higher than last year (53.8%).
Past Earnings Growth Analysis
Earnings Trend: UCAP's earnings have grown by 9.9% per year over the past 5 years.
Accelerating Growth: UCAP's earnings growth over the past year (81.2%) exceeds its 5-year average (9.9% per year).
Earnings vs Industry: UCAP earnings growth over the past year (81.2%) exceeded the Capital Markets industry 36.3%.
Return on Equity
High ROE: Whilst UCAP's Return on Equity (38.35%) is high, this metric is skewed due to their high level of debt.
How is United Capital's financial position?
Financial Position Analysis
Short Term Liabilities: UCAP's short term assets (NGN250.2B) do not cover its short term liabilities (NGN259.8B).
Long Term Liabilities: UCAP's short term assets (NGN250.2B) exceed its long term liabilities (NGN114.0B).
Debt to Equity History and Analysis
Debt Level: UCAP's debt to equity ratio (280.2%) is considered high.
Reducing Debt: UCAP's debt to equity ratio has reduced from 301.7% to 280.2% over the past 5 years.
Debt Coverage: UCAP's debt is well covered by operating cash flow (228.4%).
Interest Coverage: Insufficient data to determine if UCAP's interest payments on its debt are well covered by EBIT.
What is United Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UCAP's dividend (7.61%) is higher than the bottom 25% of dividend payers in the NG market (3.28%).
High Dividend: UCAP's dividend (7.61%) is in the top 25% of dividend payers in the NG market (7.27%)
Stability and Growth of Payments
Stable Dividend: UCAP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: UCAP's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.7%), UCAP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Peter O. Ashade serves as Chief Executive Officer of United Capital Plc since July 2, 2018 and serves as Executive Director. He was the Chief Executive Officer and Managing Director of Africa Prudentia...
Experienced Management: UCAP's management team is considered experienced (3 years average tenure).
Experienced Board: UCAP's board of directors are considered experienced (3 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 Capital Plc's employee growth, exchange listings and data sources
- Name: United Capital Plc
- Ticker: UCAP
- Exchange: NGSE
- Founded: 2002
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: ₦55.200b
- Shares outstanding: 6.00b
- Website: https://www.unitedcapitalplcgroup.com
Number of Employees
- United Capital Plc
- 97/105, Broad Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 21:02|
|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.