SGX:U13

Stock Analysis Report

United Overseas Insurance

Executive Summary

United Overseas Insurance Limited underwrites general insurance products in Singapore, ASEAN countries, and internationally.


Snowflake Analysis

Solid track record second-rate dividend payer.

Share Price & News

How has United Overseas Insurance's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: U13 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

U13

0.3%

SG Insurance

-0.2%

SG Market


1 Year Return

6.8%

U13

11.7%

SG Insurance

3.3%

SG Market

Return vs Industry: U13 underperformed the SG Insurance industry which returned 11.7% over the past year.

Return vs Market: U13 exceeded the SG Market which returned 3.3% over the past year.


Shareholder returns

U13IndustryMarket
7 Day0.7%0.3%-0.2%
30 Day0.7%-2.9%-1.9%
90 Day1.6%0.9%-0.2%
1 Year10.1%6.8%14.5%11.7%7.5%3.3%
3 Year66.4%50.4%28.1%18.9%15.6%3.2%
5 Year86.4%57.1%44.2%29.0%14.6%-4.7%

Price Volatility Vs. Market

How volatile is United Overseas Insurance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is United Overseas Insurance undervalued compared to its fair value and its price relative to the market?

9.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: U13 (SGD7.07) is trading below our estimate of fair value (SGD7.79)

Significantly Below Fair Value: U13 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: U13 is poor value based on its PE Ratio (13.3x) compared to the Insurance industry average (12.6x).

PE vs Market: U13 is poor value based on its PE Ratio (13.3x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate U13's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: U13 is overvalued based on its PB Ratio (1.1x) compared to the XA Insurance industry average (1x).


Next Steps

Future Growth

How is United Overseas Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.9%

Forecasted Insurance 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 Overseas Insurance 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.


Next Steps

Past Performance

How has United Overseas Insurance performed over the past 5 years?

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: U13 has high quality earnings.

Growing Profit Margin: U13's current net profit margins (62.9%) are higher than last year (54.6%).


Past Earnings Growth Analysis

Earnings Trend: U13's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: U13's earnings growth over the past year (9.2%) exceeds its 5-year average (5.5% per year).

Earnings vs Industry: U13 earnings growth over the past year (9.2%) exceeded the Insurance industry -0.2%.


Return on Equity

High ROE: U13's Return on Equity (8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is United Overseas Insurance'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: U13 has a low level of unsold assets or inventory.

Debt Coverage by Assets: U13's debt is covered by short term assets (assets are 317.9x debt).


Financial Institutions Analysis

Asset Level: U13's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if U13 has a sufficient allowance for bad loans.

Low Risk Liabilities: U13 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if U13 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: U13 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if U13 has an appropriate level of bad loans.


Next Steps

Dividend

What is United Overseas Insurance's current dividend yield, its reliability and sustainability?

3.11%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%2.5%markettop25%5.5%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: U13's dividend (3.11%) is higher than the bottom 25% of dividend payers in the SG market (2.53%).

High Dividend: U13's dividend (3.11%) is low compared to the top 25% of dividend payers in the SG market (5.46%).


Stability and Growth of Payments

Stable Dividend: U13's dividend payments have been volatile in the past 10 years.

Growing Dividend: U13's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32%), U13'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.


Next Steps

Management

What is the CEO of United Overseas Insurance's salary, the management and board of directors tenure and is there insider trading?

27.3yrs

Average board tenure


CEO

David Chan (65yo)

0yrs

Tenure

0

Mr. Mun Wai Chan, also known as David, BBA, Chartered Insurer (FCII) serves as Chief Executive and Principal Officer of United Overseas Insurance Ltd. and has been its Managing Director since January 01, 1 ...


Board Age and Tenure

27.3yrs

Average Tenure

70yo

Average Age

Experienced Board: U13's board of directors are seasoned and experienced ( 27.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Vivien Chan

    Secretary

    • Tenure: 0yrs
  • Siew Chia-Lim

    Manager of Corporate Services

    • Tenure: 0yrs
  • David Chan (65yo)

    MD, CEO & Director

    • Tenure: 0yrs
  • Theresa Sim

    Assistant Secretary

    • Tenure: 6.5yrs
  • Kenny Lok

    Assistant General Manager of Business Development & Direct Marketing

    • Tenure: 0yrs

Board Members

  • Ee Cheong Wee (66yo)

    Non-Executive Director

    • Tenure: 28.8yrs
    • Compensation: S$22.50k
  • Cho-Yaw Wee (90yo)

    Chairman

    • Tenure: 48.9yrs
    • Compensation: S$52.50k
  • Soo Jin Hwang (83yo)

    Independent & Non-Executive Director

    • Tenure: 48.8yrs
    • Compensation: S$45.00k
  • Soo Suan Yang (82yo)

    Independent & Non-Executive Director

    • Tenure: 28.8yrs
    • Compensation: S$45.00k
  • David Chan (65yo)

    MD, CEO & Director

    • Tenure: 0yrs
  • Hwee Hong Chng (69yo)

    Independent & Non-Executive Director

    • Tenure: 3.9yrs
    • Compensation: S$32.50k
  • N. Ganesan (71yo)

    Independent & Non-Executive Director

    • Tenure: 8.4yrs
    • Compensation: S$32.50k
  • Yew Kee Ho (55yo)

    Independent & Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: S$22.50k

Company Information

United Overseas Insurance Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Overseas Insurance Limited
  • Ticker: U13
  • Exchange: SGX
  • Founded: 1971
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: S$432.366m
  • Shares outstanding: 61.16m
  • Website: https://www.uoi.com.sg

Number of Employees


Location

  • United Overseas Insurance Limited
  • No. 28-01, Springleaf Tower
  • 3 Anson Road
  • Singapore
  • 79909
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
U13SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992
IZBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

United Overseas Insurance Limited underwrites general insurance products in Singapore, ASEAN countries, and internationally. It offers personal insurance products that include travel, personal accident, ho ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 12:35
End of Day Share Price2019/12/09 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.