United Overseas Bank Future Growth

Future criteria checks 2/6

United Overseas Bank is forecast to grow earnings and revenue by 5.1% and 4.6% per annum respectively. EPS is expected to grow by 5.4% per annum. Return on equity is forecast to be 12.3% in 3 years.

Key information

5.1%

Earnings growth rate

5.4%

EPS growth rate

Banks earnings growth	7.2%
Revenue growth rate	4.6%
Future return on equity	12.3%
Analyst coverage	Good
Last updated	21 Nov 2024

Recent future growth updates

Recent updates

United Overseas Bank's (SGX:U11) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 02

With EPS Growth And More, United Overseas Bank (SGX:U11) Makes An Interesting Case

Jun 27

United Overseas Bank's (SGX:U11) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 04

Is Now The Time To Put United Overseas Bank (SGX:U11) On Your Watchlist?

Mar 23

Here's Why We Think United Overseas Bank (SGX:U11) Might Deserve Your Attention Today

Nov 28

United Overseas Bank (SGX:U11) Is Paying Out A Larger Dividend Than Last Year

Apr 20

United Overseas Bank (SGX:U11) Will Pay A Larger Dividend Than Last Year At S$0.60

Apr 06

United Overseas Bank (SGX:U11) Will Pay A Larger Dividend Than Last Year At S$0.60

Mar 23

United Overseas Bank (SGX:U11) Has Announced That It Will Be Increasing Its Dividend To S$0.60

Mar 07

United Overseas Bank's (SGX:U11) Upcoming Dividend Will Be Larger Than Last Year's

Feb 21

Shareholders Will Probably Hold Off On Increasing United Overseas Bank Limited's (SGX:U11) CEO Compensation For The Time Being

Apr 24

Shareholders Of United Overseas Bank (SGX:U11) Must Be Happy With Their 66% Return

Mar 10

Is United Overseas Bank Limited (SGX:U11) An Attractive Dividend Stock?

Feb 04

What Kind Of Shareholders Hold The Majority In United Overseas Bank Limited's (SGX:U11) Shares?

Dec 29

Shareholders Of United Overseas Bank (SGX:U11) Must Be Happy With Their 50% Return

Nov 25

Earnings and Revenue Growth Forecasts

SGX:U11 - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	15,218	6,557	N/A	N/A	14
12/31/2025	14,702	6,313	N/A	N/A	15
12/31/2024	14,443	6,020	N/A	N/A	12
9/30/2024	13,392	5,811	N/A	N/A	N/A
6/30/2024	13,085	5,584	-29,164	-28,285	N/A
3/31/2024	13,016	5,573	N/A	N/A	N/A
12/31/2023	13,011	5,597	-17,061	-16,189	N/A
9/30/2023	12,899	5,460	N/A	N/A	N/A
6/30/2023	12,757	5,404	2,329	3,164	N/A
3/31/2023	12,147	5,178	N/A	N/A	N/A
12/31/2022	10,972	4,497	-19,111	-18,407	N/A
9/30/2022	10,149	4,367	N/A	N/A	N/A
6/30/2022	9,358	4,082	-32,047	-31,486	N/A
3/31/2022	9,028	3,901	N/A	N/A	N/A
12/31/2021	9,132	4,075	-33,203	-32,653	N/A
9/30/2021	8,662	3,655	N/A	N/A	N/A
6/30/2021	8,157	3,277	-12,350	-11,791	N/A
3/31/2021	7,787	2,977	N/A	N/A	N/A
12/31/2020	7,622	2,824	-5,390	-4,827	N/A
9/30/2020	8,056	3,134	N/A	N/A	N/A
6/30/2020	8,734	3,585	-8,096	-7,532	N/A
3/31/2020	9,402	4,049	N/A	N/A	N/A
12/31/2019	9,595	4,246	-10,124	-9,551	N/A
9/30/2019	9,396	4,142	-22,121	-21,555	N/A
6/30/2019	9,165	4,061	-23,015	-22,463	N/A
3/31/2019	8,889	3,970	-32,651	-32,088	N/A
12/31/2018	8,724	3,897	-27,849	-27,333	N/A
9/30/2018	8,726	3,845	-30,817	-30,362	N/A
6/30/2018	8,439	3,691	N/A	-31,267	N/A
3/31/2018	8,116	3,459	N/A	-13,734	N/A
12/31/2017	7,835	3,288	N/A	-14,278	N/A
9/30/2017	7,642	3,182	N/A	-18,121	N/A
6/30/2017	7,554	3,090	N/A	-19,668	N/A
3/31/2017	7,481	3,045	N/A	-21,077	N/A
12/31/2016	7,467	3,004	N/A	-27,972	N/A
9/30/2016	7,460	3,040	N/A	-21,799	N/A
6/30/2016	7,531	3,107	N/A	-18,415	N/A
3/31/2016	7,440	3,069	N/A	-17,136	N/A
12/31/2015	7,376	3,104	N/A	-6,874	N/A
9/30/2015	7,170	3,105	N/A	-2,960	N/A
6/30/2015	7,052	3,114	N/A	1,025	N/A
3/31/2015	7,016	3,160	N/A	-241	N/A
12/31/2014	6,822	3,147	N/A	-9,611	N/A
9/30/2014	6,740	3,133	N/A	-18,302	N/A
6/30/2014	6,511	2,996	N/A	-22,213	N/A
3/31/2014	6,344	2,971	N/A	-28,768	N/A
12/31/2013	6,291	2,905	N/A	-36,382	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: U11's forecast earnings growth (5.1% per year) is above the savings rate (2.2%).

Earnings vs Market: U11's earnings (5.1% per year) are forecast to grow slower than the SG market (11.4% per year).

High Growth Earnings: U11's earnings are forecast to grow, but not significantly.

Revenue vs Market: U11's revenue (4.6% per year) is forecast to grow faster than the SG market (3.8% per year).

High Growth Revenue: U11's revenue (4.6% 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 (12.3%).

United Overseas Bank Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 9.7% to S$37.76

Price target raised to S$23.35

Recent updates

Price target increased by 9.7% to S$37.76

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

High number of new directors

United Overseas Bank Limited Announces Changes to Its Board Committees

United Overseas Bank's (SGX:U11) Dividend Will Be Increased To SGD0.88

First half dividend increased to S$0.88

Second quarter 2024 earnings: EPS exceeds analyst expectations

United Overseas Bank Limited Announces Executive Changes

Full year 2023 earnings: EPS misses analyst expectations

United Overseas Bank (SGX:U11) Is Due To Pay A Dividend Of SGD0.85

Upcoming dividend of S$0.85 per share

United Overseas Bank (SGX:U11) Will Pay A Dividend Of SGD0.85

Do United Overseas Bank's (SGX:U11) Earnings Warrant Your Attention?

United Overseas Bank Limited, Annual General Meeting, Apr 18, 2024

United Overseas Bank's (SGX:U11) Dividend Will Be SGD0.85

Final dividend of S$0.85 announced

Deputy Chairman & CEO recently bought S$2.8m worth of stock

Full year 2023 earnings released: EPS: S$3.34 (vs S$2.69 in FY 2022)

Should You Be Adding United Overseas Bank (SGX:U11) To Your Watchlist Today?

United Overseas Bank Limited to Report Q2, 2024 Results on Aug 01, 2024

United Overseas Bank Limited to Report Q4, 2023 Results on Feb 22, 2024

High number of new directors

United Overseas Bank's (SGX:U11) Shareholders Will Receive A Bigger Dividend Than Last Year

Second quarter 2023 earnings released

With EPS Growth And More, United Overseas Bank (SGX:U11) Makes An Interesting Case

United Overseas Bank Limited Approves Final One-Tier Tax-Exempt Dividend for Financial Year 2022

Upcoming dividend of S$0.75 per share at 5.0% yield

United Overseas Bank's (SGX:U11) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Now The Time To Put United Overseas Bank (SGX:U11) On Your Watchlist?

Deputy Chairman & CEO recently bought S$3.0m worth of stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

United Overseas Bank Limited, Annual General Meeting, Apr 21, 2023

United Overseas Bank Limited to Report Fiscal Year 2022 Results on Feb 23, 2023

United Overseas Bank Limited Appoints Ong Chong Tee as Independent Director, Executive Committee Member and Board Risk Management Committee Member, Effective January 1, 2023

Here's Why We Think United Overseas Bank (SGX:U11) Might Deserve Your Attention Today

High number of new directors

Deputy Chairman & CEO recently bought S$1.3m worth of stock

United Overseas Bank Limited Announces Board Changes

United Overseas Bank Limited Announces Demise of Mr. Alvin Yeo Khirn Hai, Independent Director

Upcoming dividend of S$0.60 per share

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

United Overseas Bank Limited Approves Final One-Tier Tax-Exempt Dividend for the Year Ended 31 December 2021

High number of new directors

Upcoming dividend of S$0.60 per share

United Overseas Bank (SGX:U11) Is Paying Out A Larger Dividend Than Last Year

Independent Chairman of the Board recently bought S$253k worth of stock

United Overseas Bank (SGX:U11) Will Pay A Larger Dividend Than Last Year At S$0.60

United Overseas Bank (SGX:U11) Will Pay A Larger Dividend Than Last Year At S$0.60

United Overseas Bank (SGX:U11) Has Announced That It Will Be Increasing Its Dividend To S$0.60

United Overseas Bank's (SGX:U11) Upcoming Dividend Will Be Larger Than Last Year's

United Overseas Bank Limited Recommends Payment of Final Tax-Exempt Dividend for the Financial Year Ended December 31, 2021, Payable on May 13, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

High number of new directors

Third quarter 2021 earnings released: EPS S$2.46 (vs S$1.55 in 3Q 2020)

Non-Executive Independent Director Cher Siang Koh has left the company

Upcoming dividend of S$0.60 per share

Second quarter 2021 earnings released

Kasikornbank Weighs Bid for Citigroup’s Thai Retail Business

United Overseas Bank Limited and American Express to Launch the UOB Absolute Cashback American Express Card®

Upcoming dividend of S$0.39 per share

Shareholders Will Probably Hold Off On Increasing United Overseas Bank Limited's (SGX:U11) CEO Compensation For The Time Being

Full year 2020 earnings released: EPS S$1.69 (vs S$2.55 in FY 2019)

Shareholders Of United Overseas Bank (SGX:U11) Must Be Happy With Their 66% Return

Revenue and earnings miss expectations

Full year 2020 earnings released

New 90-day high: S$24.65

Is United Overseas Bank Limited (SGX:U11) An Attractive Dividend Stock?

New 90-day high: S$24.20

What Kind Of Shareholders Hold The Majority In United Overseas Bank Limited's (SGX:U11) Shares?

Shareholders Of United Overseas Bank (SGX:U11) Must Be Happy With Their 50% Return

Price target raised to S$23.35

United Overseas Bank Limited Appoints Chia Tai Tee as an Independent Director, a Member of its Audit Committee and Board Risk Management Committee

United Overseas Bank Limited to Report First Half, 2021 Results on Aug 11, 2021