| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
U11 Stock Overview
United Overseas Bank Limited, together with its subsidiaries, provides banking products and services.
United Overseas Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$29.73 |
| 52 Week High | S$30.39 |
| 52 Week Low | S$23.08 |
| Beta | 1.03 |
| 1 Month Change | 10.56% |
| 3 Month Change | 10.73% |
| 1 Year Change | 27.43% |
| 3 Year Change | 16.45% |
| 5 Year Change | 42.11% |
| Change since IPO | 581.25% |
Recent News & Updates
Shareholder Returns
| U11 | SG Banks | SG Market | |
|---|---|---|---|
| 7D | -0.8% | 0.6% | -0.3% |
| 1Y | 27.4% | 12.5% | 4.1% |
Return vs Industry: U11 exceeded the SG Banks industry which returned 12.5% over the past year.
Return vs Market: U11 exceeded the SG Market which returned 4.1% over the past year.
Price Volatility
| U11 volatility | |
|---|---|
| U11 Average Weekly Movement | 2.5% |
| Banks Industry Average Movement | 3.4% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in SG Market | 11.8% |
| 10% least volatile stocks in SG Market | 2.1% |
Stable Share Price: U11 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: U11's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1935 | 24,571 | Ee Cheong Wee | https://www.uobgroup.com |
United Overseas Bank Limited, together with its subsidiaries, provides banking products and services. The company’s Group Retail segment provides deposits, insurance, card, wealth management, investment, and loan and trade financing products for personal and small enterprise customers. Its Group Wholesale Banking segment offers financing, trade, cash management, and capital markets solutions, as well as advisory and treasury products for medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors, and property funds.
United Overseas Bank Fundamentals Summary
| U11 fundamental statistics | |
|---|---|
| Market Cap | S$50.18b |
| Earnings (TTM) | S$3.66b |
| Revenue (TTM) | S$8.66b |
13.6x
P/E Ratio1.3x
P/B RatioIs U11 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| U11 income statement (TTM) | |
|---|---|
| Revenue | S$8.66b |
| Cost of Revenue | S$0 |
| Gross Profit | S$8.66b |
| Expenses | S$5.01b |
| Earnings | S$3.66b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 16, 2022
| Earnings per share (EPS) | 2.19 |
| Gross Margin | 100.00% |
| Net Profit Margin | 42.20% |
| Debt/Equity Ratio | 88.3% |
How did U11 perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield45%
Payout RatioValuation
Is United Overseas Bank undervalued compared to its fair value and its price relative to the market?
36.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: U11 (SGD29.73) is trading below our estimate of fair value (SGD46.74)
Significantly Below Fair Value: U11 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: U11 is poor value based on its PE Ratio (13.6x) compared to the Asian Banks industry average (9.9x).
PE vs Market: U11 is poor value based on its PE Ratio (13.6x) compared to the SG market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: U11 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: U11 is overvalued based on its PB Ratio (1.3x) compared to the XA Banks industry average (0.7x).
Future Growth
How is United Overseas Bank forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
11.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: U11's forecast earnings growth (11.4% per year) is above the savings rate (1.8%).
Earnings vs Market: U11's earnings (11.4% per year) are forecast to grow slower than the SG market (14.5% per year).
High Growth Earnings: U11's earnings are forecast to grow, but not significantly.
Revenue vs Market: U11's revenue (9.7% per year) is forecast to grow faster than the SG market (7.5% per year).
High Growth Revenue: U11's revenue (9.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: U11's Return on Equity is forecast to be low in 3 years time (12.6%).
Past Performance
How has United Overseas Bank performed over the past 5 years?
1.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: U11 has high quality earnings.
Growing Profit Margin: U11's current net profit margins (42.2%) are higher than last year (38.9%).
Past Earnings Growth Analysis
Earnings Trend: U11's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: U11's earnings growth over the past year (16.6%) exceeds its 5-year average (1.8% per year).
Earnings vs Industry: U11 earnings growth over the past year (16.6%) underperformed the Banks industry 18.5%.
Return on Equity
High ROE: U11's Return on Equity (8.9%) is considered low.
Financial Health
How is United Overseas Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: U11's Assets to Equity ratio (10.6x) is moderate.
Allowance for Bad Loans: U11 has a low allowance for bad loans (93%).
Low Risk Liabilities: 89% of U11's liabilities are made up of primarily low risk sources of funding.
Loan Level: U11 has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: U11's Loans to Deposits ratio (82%) is appropriate.
Level of Bad Loans: U11 has an appropriate level of bad loans (1.5%).
Dividend
What is United Overseas Bank current dividend yield, its reliability and sustainability?
3.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: U11's dividend (3.33%) is higher than the bottom 25% of dividend payers in the SG market (2.03%).
High Dividend: U11's dividend (3.33%) is low compared to the top 25% of dividend payers in the SG market (5.56%).
Stability and Growth of Payments
Stable Dividend: U11's dividend payments have been volatile in the past 10 years.
Growing Dividend: U11's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.9%), U11's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: U11's dividends in 3 years are forecast to be well covered by earnings (49.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.9yrs
Average management tenure
CEO
Ee Cheong Wee (68 yo)
14.75yrs
Tenure
S$9,805,000
Compensation
Mr. Ee Cheong Wee, B.Sc. (Bus Admin), M.A. (Applied Econs), has been the Chief Executive Officer of United Overseas Bank Limited since April 27, 2007. Mr. Wee has been the Chief Executive Officer of Far Ea...
CEO Compensation Analysis
Compensation vs Market: Ee Cheong's total compensation ($USD7.28M) is above average for companies of similar size in the SG market ($USD4.81M).
Compensation vs Earnings: Ee Cheong's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: U11's management team is seasoned and experienced (7.9 years average tenure).
Board Members
Experienced Board: U11's board of directors are considered experienced (4 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
United Overseas Bank Limited's employee growth, exchange listings and data sources
Key Information
- Name: United Overseas Bank Limited
- Ticker: U11
- Exchange: SGX
- Founded: 1935
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: S$50.179b
- Shares outstanding: 1.67b
- Website: https://www.uobgroup.com
Number of Employees
Location
- United Overseas Bank Limited
- UOB Plaza
- 80 Raffles Place
- Singapore
- 48624
- Singapore
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/25 11:03 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.