Executive Summary
United Overseas Bank Limited provides financial products and services.
Snowflake
Fundamentals
Solid track record with excellent balance sheet and pays a dividend.
Similar Companies
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
U11
0.4%
SG Banks
-0.4%
SG Market
1 Year Return
11.8%
U11
4.5%
SG Banks
5.6%
SG Market
Return vs Industry: U11 exceeded the SG Banks industry which returned 4.5% over the past year.
Return vs Market: U11 exceeded the SG Market which returned 5.6% over the past year.
Shareholder returns
| U11 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 0.4% | -0.4% |
| 30 Day | 3.3% | 3.4% | 3.6% |
| 90 Day | 7.7% | 7.3% | 2.6% |
| 1 Year | 17.2%11.8% | 8.6%4.5% | 10.0%5.6% |
| 3 Year | 52.4%35.4% | 28.8%15.1% | 21.0%8.1% |
| 5 Year | 36.4%11.1% | 36.1%12.2% | 11.9%-6.8% |
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 St
United Overseas Bank Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year2 weeks ago | Simply Wall St
Could United Overseas Bank Limited (SGX:U11) Have The Makings Of Another Dividend Aristocrat?1 month ago | Simply Wall St
Does United Overseas Bank Limited's (SGX:U11) CEO Salary Reflect Performance?Valuation
Is United Overseas Bank undervalued compared to its fair value and its price relative to the market?
6.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: U11 (SGD26.67) is trading below our estimate of fair value (SGD28.39)
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 (10.7x) compared to the Banks industry average (9.8x).
PE vs Market: U11 is good value based on its PE Ratio (10.7x) compared to the SG market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: U11 is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: U11 is overvalued based on its PB Ratio (1.1x) compared to the XA Banks industry average (0.7x).
Next Steps
Future Growth
How is United Overseas Bank forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
2.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: U11's forecast earnings growth (2.6% per year) is above the savings rate (2.3%).
Earnings vs Market: U11's earnings (2.6% per year) are forecast to grow slower than the SG market (5.6% per year).
High Growth Earnings: U11's earnings are forecast to grow, but not significantly.
Revenue vs Market: U11's revenue (4.3% per year) is forecast to grow slower than the SG market (5.5% per year).
High Growth Revenue: U11's revenue (4.3% 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 (10.9%).
Next Steps
Past Performance
How has United Overseas Bank performed over the past 5 years?
6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: U11 has high quality earnings.
Growing Profit Margin: U11's current net profit margins (44.1%) are higher than last year (44.1%).
Past Earnings Growth Analysis
Earnings Trend: U11's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: U11's earnings growth over the past year (7.8%) exceeds its 5-year average (6.2% per year).
Earnings vs Industry: U11 earnings growth over the past year (7.8%) exceeded the Banks industry 5.4%.
Return on Equity
High ROE: U11's Return on Equity (10.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
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
Inventory Level: U11 has a low level of unsold assets or inventory.
Debt Coverage by Assets: U11's debt is covered by short term assets (assets are 2.4x debt).
Financial Institutions Analysis
Asset Level: U11's level of assets compared to its equity is moderate.
Allowance for Bad Loans: U11 has a low allowance for bad loans.
Low Risk Liabilities: U11's liabilities are made up of primarily low risk sources of funding.
Loan Level: U11 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: U11's loans are broadly funded by customer deposits.
Level of Bad Loans: U11 has an appropriate level of bad loans (1.52%)
Next Steps
Dividend
What is United Overseas Bank's current dividend yield, its reliability and sustainability?
4.87%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: U11's dividend (4.87%) is higher than the bottom 25% of dividend payers in the SG market (2.47%).
High Dividend: U11's dividend (4.87%) is low compared to the top 25% of dividend payers in the SG market (5.46%).
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 (42.3%), 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 covered by earnings (57% payout ratio).
Next Steps
Management
What is the CEO of United Overseas Bank's salary, the management and board of directors tenure and is there insider trading?
9.9yrs
Average management tenure
CEO
Ee Cheong Wee (66yo)
12.6yrs
Tenure
S$10,563,000
Compensation
Mr. Wee Ee Cheong, B.Sc.(Bus Admin), M.A.(Applied Econs), has been the Chief Executive Officer of United Overseas Bank Limited since April 27, 2007. Mr. Wee has been the Chief Executive Officer of Far East ...
CEO Compensation Analysis
Compensation vs Market: Ee Cheong's total compensation ($USD7.77M) is above average for companies of similar size in the SG market ($USD4.04M).
Compensation vs Earnings: Ee Cheong's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.9yrs
Average Tenure
58yo
Average Age
Experienced Management: U11's management team is seasoned and experienced (9.9 years average tenure).
Board Age and Tenure
4.6yrs
Average Tenure
61.5yo
Average Age
Experienced Board: U11's board of directors are considered experienced (4.6 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Deputy Chairman & CEO |
| Shares | 25,000 |
| Max Price | S$23.56 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive & Independent Director |
| Shares | 6,000 |
| Max Price | S$25.50 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ee Cheong Wee (66yo)
Deputy Chairman & CEO
- Tenure: 12.6yrs
- Compensation: S$10.56m
Susan Hwee
Head of Group Technology & Operations
- Tenure: 0yrs
Wai Lee (58yo)
MD & Group CFO
- Tenure: 14.4yrs
Victor Ngo
Head of Group Compliance
- Tenure: 2.6yrs
Eddie Khoo
Head of Group Retail
- Tenure: 0yrs
Kok Chan (57yo)
MD & Group Chief Risk Officer
- Tenure: 7.2yrs
Ian Wong
Head of Group Strategy & International Management
- Tenure: 0yrs
Joyce Sia
Head of Group Legal & Company Secretary
- Tenure: 0yrs
Stephen Lin Shih Tung
Head of Investor Relations
- Tenure: 0yrs
Dean Tong
Head of Group Human Resources
- Tenure: 0yrs
Board Members
Ee Cheong Wee (66yo)
Deputy Chairman & CEO
- Tenure: 12.6yrs
- Compensation: S$10.56m
Cho-Yaw Wee (90yo)
Chairman Emeritus & Honorary Adviser
- Tenure: 6.6yrs
- Compensation: S$617.00k
Alex Hungate (52yo)
Non-Executive & Independent Director
- Tenure: 2.3yrs
- Compensation: S$175.00k
Michael Lien (55yo)
Non-Executive & Non-Independent Director
- Tenure: 2.3yrs
- Compensation: S$175.00k
James Koh (73yo)
Non-Executive Independent Director
- Tenure: 7.2yrs
- Compensation: S$220.00k
Alvin Yeo (56yo)
Non-Executive & Independent Director
- Tenure: 2.3yrs
- Compensation: S$200.00k
Yew Huat Ong (63yo)
Non-Executive & Independent Director
- Tenure: 6.8yrs
- Compensation: S$402.00k
Kevin Lam Lam (50yo)
President Director of PT Bank UOB Indonesia
- Tenure: 3.8yrs
Hwee Hua Lim (60yo)
Non-Executive & Independent Director
- Tenure: 5.3yrs
- Compensation: S$220.00k
Kan Seng Wong (72yo)
Independent Chairman of the Board
- Tenure: 1.8yrs
- Compensation: S$960.00k
Company Information
United Overseas Bank Limited's company bio, 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
- Market Cap: S$44.927b
- 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
| 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 |
Biography
United Overseas Bank Limited provides financial products and services. The company’s Group Retail segment provides deposits, insurance, card, wealth management, investment, and loan and trade financing pro ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/19 12:36 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.