United Overseas Bank Limited, together with its subsidiaries, provides banking products and services. More Details
Excellent balance sheet average dividend payer.
Share Price & News
How has United Overseas Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
1 Year Return
Return vs Industry: U11 underperformed the SG Banks industry which returned -6.5% over the past year.
Return vs Market: U11 matched the SG Market which returned -11.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is United Overseas Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In United Overseas Bank Limited's (SGX:U11) Shares?
1 month ago | Simply Wall StShareholders Of United Overseas Bank (SGX:U11) Must Be Happy With Their 50% Return
2 months ago | Simply Wall StIs United Overseas Bank Limited (SGX:U11) An Attractive Dividend Stock?
Is United Overseas Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: U11 (SGD23.97) is trading below our estimate of fair value (SGD26.63)
Significantly Below Fair Value: U11 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: U11 is poor value based on its PE Ratio (12.8x) compared to the XA Banks industry average (10.3x).
PE vs Market: U11 is good value based on its PE Ratio (12.8x) compared to the SG market (15x).
Price to Earnings Growth Ratio
PEG Ratio: U11 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: U11 is overvalued based on its PB Ratio (1x) compared to the XA Banks industry average (0.7x).
How is United Overseas Bank forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: U11's forecast earnings growth (18.5% per year) is above the savings rate (2%).
Earnings vs Market: U11's earnings (18.5% per year) are forecast to grow slower than the SG market (25.2% per year).
High Growth Earnings: U11's earnings are forecast to grow, but not significantly.
Revenue vs Market: U11's revenue (5.5% per year) is forecast to grow slower than the SG market (8.3% per year).
High Growth Revenue: U11's revenue (5.5% 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 (9.4%).
How has United Overseas Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: U11 has high quality earnings.
Growing Profit Margin: U11's current net profit margins (38.9%) are lower than last year (44.1%).
Past Earnings Growth Analysis
Earnings Trend: U11's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: U11's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: U11 had negative earnings growth (-24.4%) over the past year, making it difficult to compare to the Banks industry average (-7.2%).
Return on Equity
High ROE: U11's Return on Equity (8.1%) is considered low.
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
Financial Institutions Analysis
Asset Level: U11's Assets to Equity ratio (10.7x) is moderate.
Allowance for Bad Loans: U11 has a low allowance for bad loans (82%).
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 (64%).
Low Risk Deposits: U11's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: U11 has an appropriate level of bad loans (1.6%).
What is United Overseas Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: U11's dividend (4.76%) is higher than the bottom 25% of dividend payers in the SG market (2.15%).
High Dividend: U11's dividend (4.76%) is low compared to the top 25% of dividend payers in the SG market (5.09%).
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 low payout ratio (20.8%), 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 (48.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ee Cheong Wee (67 yo)
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 East...
CEO Compensation Analysis
Compensation vs Market: Ee Cheong's total compensation ($USD8.12M) is above average for companies of similar size in the SG market ($USD4.12M).
Compensation vs Earnings: Ee Cheong's compensation has been consistent with company performance over the past year.
|Deputy Chairman & CEO||13.75yrs||S$10.75m||2.58% |
|MD & Group CFO||15.58yrs||no data||no data|
|Head of Group Technology & Operations||no data||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of Group Compliance||3.75yrs||no data||no data|
|Head of Group Legal & Company Secretary||no data||no data||no data|
|Head of Group Human Resources||no data||no data||no data|
|Head of Group Retail||no data||no data||no data|
|MD & Group Chief Risk Officer||8.33yrs||no data||no data|
|Head of Group Strategy & International Management||no data||no data||no data|
|Head of Group Wholesale Banking||no data||no data||no data|
|Head of Group Channels & Digitalisation||no data||no data||no data|
Experienced Management: U11's management team is seasoned and experienced (11 years average tenure).
|Deputy Chairman & CEO||13.75yrs||S$10.75m||2.58% |
|Chairman Emeritus & Honorary Adviser||7.75yrs||S$617.00k||8.48% |
|Non-Executive & Independent Director||3.5yrs||S$120.00k||0.00018% |
|Non-Executive & Non-Independent Director||2.5yrs||S$145.00k||2.48% |
|Non-Executive & Non-Independent Director||3.5yrs||S$175.00k||no data|
|Non-Executive Independent Director||8.33yrs||S$220.00k||0.00023% |
|Non-Executive & Independent Director||3.5yrs||S$214.00k||0.00037% |
|Non-Executive & Independent Director||8yrs||S$285.00k||no data|
|Non-Executive & Independent Director||6.5yrs||S$220.00k||no data|
|Independent Chairman of the Board||2.92yrs||S$907.00k||no data|
|Independent Non-Executive Director||1.5yrs||S$60.00k||no data|
|Independent Director||0.25yr||no data||no data|
Experienced Board: U11's board of directors are considered experienced (3.5 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 Overseas Bank Limited's company bio, employee growth, exchange listings and data sources
- Name: United Overseas Bank Limited
- Ticker: U11
- Exchange: SGX
- Founded: 1935
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: S$40.027b
- Shares outstanding: 1.68b
- Website: https://www.uobgroup.com
Number of Employees
- United Overseas Bank Limited
- UOB Plaza
- 80 Raffles Place
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UOVE.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Apr 1991|
|UOVE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|U11||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Jan 1992|
|UOB||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
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, a...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/15 11:08|
|End of Day Share Price||2021/01/15 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.