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United Overseas Insurance

SGX:U13
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
U13
SGX
SGD437M
Market Cap
  1. Home
  2. SG
  3. Insurance
Company description

United Overseas Insurance Limited underwrites general insurance products in Singapore, ASEAN countries, and internationally. The last earnings update was 32 days ago. More info.


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U13 Share Price and Events
7 Day Returns
0%
SGX:U13
-2.3%
Asia Insurance
-1.8%
SG Market
1 Year Returns
-4%
SGX:U13
-3.2%
Asia Insurance
-8.4%
SG Market
U13 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
United Overseas Insurance (U13) 0% 0.4% -2.1% -4% 52.8% 53.8%
Asia Insurance -2.3% -8.5% 4.7% -3.2% 67.7% 73.5%
SG Market -1.8% -3.8% -1.8% -8.4% 10.2% -7.1%
1 Year Return vs Industry and Market
  • U13 outperformed the Market in Singapore which returned -8.4% over the past year.
Price Volatility
U13
Industry
5yr Volatility vs Market

U13 Value

 Is United Overseas Insurance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of United Overseas Insurance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for United Overseas Insurance.

SGX:U13 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SGD5.97 * 7.2%
SGD0.43
Book Value of Equity per Share Median Book Value from the past 5 years. SGD5.97
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:U13
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.725 (1 + (1- 17%) (1%))
0.82
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.82 * 5.96%)
7.19%

Discounted Cash Flow Calculation for SGX:U13 using Excess Returns Model Model

The calculations below outline how an intrinsic value for United Overseas Insurance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SGX:U13 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.2% – 7.19%) * SGD5.97)
SGD0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SGD0.00 / (7.19% - 2.3%)
SGD-0.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SGD5.97 + SGD-0.01
SGD5.96
SGX:U13 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD5.96
Current discount Discount to share price of SGD7.15
= -1 x (SGD7.15 - SGD5.96) / SGD5.96
-19.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of United Overseas Insurance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for United Overseas Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are United Overseas Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:U13 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.50
SGX:U13 Share Price ** SGX (2019-05-16) in SGD SGD7.15
Asia Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 17.16x
Singapore Market PE Ratio Median Figure of 322 Publicly-Listed Companies 12.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of United Overseas Insurance.

SGX:U13 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:U13 Share Price ÷ EPS (both in SGD)

= 7.15 ÷ 0.50

14.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Overseas Insurance is good value based on earnings compared to the Asia Insurance industry average.
  • United Overseas Insurance is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does United Overseas Insurance's expected growth come at a high price?
Raw Data
SGX:U13 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.4%per year
Asia Insurance Industry PEG Ratio Median Figure of 14 Publicly-Listed Insurance Companies 1.68x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for United Overseas Insurance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on United Overseas Insurance's assets?
Raw Data
SGX:U13 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD6.52
SGX:U13 Share Price * SGX (2019-05-16) in SGD SGD7.15
Asia Insurance Industry PB Ratio Median Figure of 23 Publicly-Listed Insurance Companies 1.28x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.72x
SGX:U13 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:U13 Share Price ÷ Book Value per Share (both in SGD)

= 7.15 ÷ 6.52

1.1x

* Primary Listing of United Overseas Insurance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Overseas Insurance is good value based on assets compared to the Asia Insurance industry average.
X
Value checks
We assess United Overseas Insurance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. United Overseas Insurance has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

U13 Future Performance

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

  • No analysts cover United Overseas Insurance, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United Overseas Insurance expected to grow at an attractive rate?
  • United Overseas Insurance's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • United Overseas Insurance's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare United Overseas Insurance's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:U13 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:U13 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.4%
Asia Insurance Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
Asia Insurance Industry Revenue Growth Rate Market Cap Weighted Average 12.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:U13 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:U13 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 47 9 31
2018-12-31 41 8 24
2018-09-30 54 7 30
2018-06-30 55 8 29
2018-03-31 64 19 30
2017-12-31 67 22 33
2017-09-30 56 22 28
2017-06-30 52 19 26
2017-03-31 48 17 23
2016-12-31 48 15 23
2016-09-30 49 15 19
2016-06-30 50 14 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United Overseas Insurance's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if United Overseas Insurance is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:U13 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from United Overseas Insurance Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:U13 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.50
2018-12-31 0.39
2018-09-30 0.49
2018-06-30 0.48
2018-03-31 0.50
2017-12-31 0.54
2017-09-30 0.45
2017-06-30 0.43
2017-03-31 0.38
2016-12-31 0.38
2016-09-30 0.31
2016-06-30 0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if United Overseas Insurance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess United Overseas Insurance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
United Overseas Insurance has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

U13 Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare United Overseas Insurance's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • United Overseas Insurance's year on year earnings growth rate has been positive over the past 5 years.
  • United Overseas Insurance's 1-year earnings growth exceeds its 5-year average (0.9% vs 0.3%)
  • United Overseas Insurance's earnings growth has exceeded the Asia Insurance industry average in the past year (0.9% vs -15.3%).
Earnings and Revenue History
United Overseas Insurance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from United Overseas Insurance Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:U13 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 46.86 30.74 10.25
2018-12-31 40.91 23.83 10.50
2018-09-30 54.50 29.77 10.55
2018-06-30 54.81 29.19 10.41
2018-03-31 64.23 30.46 10.27
2017-12-31 66.62 32.95 10.14
2017-09-30 56.01 27.75 10.23
2017-06-30 52.07 26.23 10.08
2017-03-31 48.32 23.09 9.93
2016-12-31 48.10 23.13 9.80
2016-09-30 49.49 18.86 9.56
2016-06-30 49.70 20.00 9.57
2016-03-31 51.96 20.07 9.50
2015-12-31 50.15 22.38 9.43
2015-09-30 53.82 20.11 9.42
2015-06-30 55.18 21.06 9.34
2015-03-31 57.17 25.73 9.36
2014-12-31 62.99 28.18 9.25
2014-09-30 66.26 33.74 9.09
2014-06-30 68.34 34.25 8.81
2014-03-31 65.71 31.33 8.67
2013-12-31 60.85 27.49 8.56
2013-09-30 56.56 27.37 8.41
2013-06-30 57.66 26.54 8.36
2013-03-31 61.45 29.88 8.15
2012-12-31 61.24 29.12 7.96
2012-09-30 59.49 24.43 8.18
2012-06-30 52.77 22.31 7.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • United Overseas Insurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • United Overseas Insurance used its assets more efficiently than the Asia Insurance industry average last year based on Return on Assets.
  • United Overseas Insurance's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess United Overseas Insurance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
United Overseas Insurance has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

U13 Health

 How is United Overseas Insurance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up United Overseas Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • United Overseas Insurance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • United Overseas Insurance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of United Overseas Insurance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 45.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from United Overseas Insurance Company Filings, last reported 1 month ago.

SGX:U13 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 398.68 4.37 66.16
2018-12-31 378.37 0.88 87.50
2018-09-30 377.56 0.00 43.77
2018-06-30 376.53 0.00 35.26
2018-03-31 381.03 0.00 51.91
2017-12-31 377.58 0.00 85.67
2017-09-30 365.26 0.00 47.17
2017-06-30 357.79 0.00 49.43
2017-03-31 351.25 0.00 63.63
2016-12-31 335.00 0.00 104.28
2016-09-30 329.18 0.00 41.31
2016-06-30 318.97 0.00 56.10
2016-03-31 318.50 0.00 71.66
2015-12-31 311.52 0.00 141.21
2015-09-30 297.33 0.00 46.15
2015-06-30 310.19 0.00 58.67
2015-03-31 315.15 0.00 67.48
2014-12-31 303.04 0.00 157.57
2014-09-30 296.44 0.00 52.81
2014-06-30 296.61 0.00 46.88
2014-03-31 293.34 0.00 33.66
2013-12-31 280.94 0.00 157.78
2013-09-30 268.22 0.00 65.26
2013-06-30 260.70 0.00 37.34
2013-03-31 275.78 0.00 43.71
2012-12-31 262.22 0.00 137.27
2012-09-30 252.80 0.00 47.06
2012-06-30 242.25 0.00 59.73
  • United Overseas Insurance's level of debt (1.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 1.1% today).
  • Debt is well covered by operating cash flow (202.5%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on United Overseas Insurance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess United Overseas Insurance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. United Overseas Insurance has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

U13 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.08%
Current annual income from United Overseas Insurance dividends.
If you bought SGD2,000 of United Overseas Insurance shares you are expected to receive SGD62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • United Overseas Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.57%).
  • United Overseas Insurance's dividend is below the markets top 25% of dividend payers in Singapore (5.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:U13 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Insurance Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 1.7%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 276 Stocks 4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.7%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:U13 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-03-21 0.220 3.059
2018-10-23 0.275 3.997
2018-07-18 0.275 4.232
2018-03-21 0.220 3.018
2018-02-05 0.220 2.933
2017-03-21 0.170 2.830
2017-02-09 0.170 3.332
2016-02-05 0.170 3.596
2015-02-11 0.170 3.632
2014-08-05 0.170 3.644
2014-02-10 0.170 3.782
2013-07-31 0.150 3.485
2013-02-25 0.150 3.518
2012-02-22 0.150 4.211
2011-08-08 0.150 4.685
2011-02-21 0.150 4.354
2010-04-05 0.240 7.238
2009-10-26 0.060 1.947
2009-08-03 0.060 2.021

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of United Overseas Insurance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess United Overseas Insurance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can United Overseas Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. United Overseas Insurance has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

U13 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Chan
AGE 64
CEO Bio

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, 1996. Mr. Chan serves as Managing Director of SR-China Advisory Services Co. Ltd. Mr. Chan is a Professional Insurer with more than 35 years of experience. He serves as Deputy Chairman of UNI.ASIA General Insurance Berhad. Mr. Chan has been Deputy Chairman at Singapore Reinsurance Corporation Limited since January 1, 2008 and has been its Non-Executive and Independent Director since December 28, 1998. He has been an Executive Director of United Overseas Insurance Ltd. since March 10, 1994. He served as a Director of Prudential Assurance Co S'pore (Pte) Ltd. He was previously President of the General Insurance Association of Singapore. Mr. Chan is a Chartered Insurer and a Fellow of the Chartered Insurance Institute, UK. He graduated with a Bachelor of Business Administration from National University of Singapore.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Ee Cheong Wee

TITLE
Non-Executive Director
COMPENSATION
SGD23K
AGE
65

David Chan

TITLE
MD, CEO & Director
AGE
64

Kenny Lok

TITLE
Assistant General Manager of Business Development & Direct Marketing

Vivien Chan

TITLE
Secretary

Siew Chia-Lim

TITLE
Manager of Corporate Services

Theresa Sim

TITLE
Assistant Secretary
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure and age of the United Overseas Insurance board of directors in years:

25.2
Average Tenure
69
Average Age
  • The average tenure for the United Overseas Insurance board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Cho-Yaw Wee

TITLE
Chairman
COMPENSATION
SGD53K
AGE
89
TENURE
48.3 yrs

Ee Cheong Wee

TITLE
Non-Executive Director
COMPENSATION
SGD23K
AGE
65

David Chan

TITLE
MD, CEO & Director
AGE
64
TENURE
25.2 yrs

Soo Jin Hwang

TITLE
Independent & Non-Executive Director
COMPENSATION
SGD45K
AGE
82
TENURE
48.3 yrs

Soo Suan Yang

TITLE
Independent & Non-Executive Director
COMPENSATION
SGD45K
AGE
81
TENURE
28.2 yrs

N. Ganesan

TITLE
Independent & Non-Executive Director
COMPENSATION
SGD33K
AGE
70
TENURE
7.8 yrs

Yew Kee Ho

TITLE
Independent & Non-Executive Director
COMPENSATION
SGD23K
AGE
54
TENURE
3.9 yrs

Hwee Hong Chng

TITLE
Independent & Non-Executive Director
COMPENSATION
SGD33K
AGE
68
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess United Overseas Insurance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. United Overseas Insurance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

U13 News

Simply Wall St News

Is United Overseas Insurance Limited's (SGX:U13) P/E Ratio Really That Good?

United Overseas Insurance has a price to earnings ratio of 14.12, based on the last twelve months. … View our latest analysis for United Overseas Insurance How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for United Overseas Insurance: P/E of 14.12 = SGD7.1 ÷ SGD0.50 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

2 Days Left To Cash In On United Overseas Insurance Limited (SGX:U13) Dividend

Investors who want to cash in on United Overseas Insurance Limited's (SGX:U13) upcoming dividend of S$0.14 per share have only 2 days left to buy the shares before its ex-dividend date, 23 April 2019, in time for dividends payable on the 06 May 2019. … Should you diversify into United Overseas Insurance and boost your portfolio income stream? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St -

How Does United Overseas Insurance Limited (SGX:U13) Fare As A Dividend Stock?

Historically, United Overseas Insurance Limited (SGX:U13) has paid a dividend to shareholders. … Let's dig deeper into whether United Overseas Insurance should have a place in your portfolio. … Check out our latest analysis for United Overseas Insurance

Simply Wall St -

What Kind Of Investor Owns Most Of United Overseas Insurance Limited (SGX:U13)?

A look at the shareholders of United Overseas Insurance Limited (SGX:U13) can tell us which group is most powerful. … With a market capitalization of S$430m, United Overseas Insurance is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for United Overseas Insurance

Simply Wall St -

With A 7.9% Return On Equity, Is United Overseas Insurance Limited (SGX:U13) A Quality Stock?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of United Overseas Insurance Limited (SGX:U13). … One way to conceptualize this, is that for each SGD1 of shareholders' equity it has, the company made SGD0.079 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Read This Before You Buy United Overseas Insurance Limited (SGX:U13) Because Of Its P/E Ratio

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at United Overseas Insurance Limited's (SGX:U13) P/E ratio and reflect on what it tells us about the company's share price. … United Overseas Insurance has a price to earnings ratio of 14.07, based on the last twelve months.

Simply Wall St -

What Kind Of Shareholder Owns Most United Overseas Insurance Limited (SGX:U13) Stock?

If you want to know who really controls United Overseas Insurance Limited (SGX:U13), then you'll have to look at the makeup of its share registry. … With a market capitalization of S$405m, United Overseas Insurance is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for United Overseas Insurance

Simply Wall St -

Is United Overseas Insurance Limited (SGX:U13) A Smart Choice For Dividend Investors?

Historically, United Overseas Insurance Limited (SGX:U13) has paid dividends to shareholders, and these days it yields 4.0%. … Let's dig deeper into whether United Overseas Insurance should have a place in your portfolio. … Check out our latest analysis for United Overseas Insurance

Simply Wall St -

Should United Overseas Insurance Limited (SGX:U13) Focus On Improving This Fundamental Metric?

By way of learning-by-doing, we'll look at ROE to gain a better understanding United Overseas Insurance Limited (SGX:U13). … Our data shows United Overseas Insurance has a return on equity of 7.8% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Owns United Overseas Insurance Limited (SGX:U13)?

Today, I will be analyzing United Overseas Insurance Limited’s (SGX:U13) recent ownership structure, an important but not-so-popular subject among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

U13 Company Info

Description

United Overseas Insurance Limited underwrites general insurance products in Singapore, ASEAN countries, and internationally. It offers personal insurance products that include travel, personal accident, home protection, foreign domestic worker, and motor insurance products. The company provides commercial general insurance products, such as fire, business interruption, machinery/equipment all risks, burglary and theft, money, marine cargo, fidelity guarantee, plate glass, public liability, work injury compensation, and group personal accident insurance products. It also offers directors’ and officers’ insurance; contractors’ all risks/erection all risks insurance; and Takaful, an Islamic financial assurance to address misfortunes, accidents, or disasters. The company was founded in 1971 and is based in Singapore. United Overseas Insurance Limited is a subsidiary of United Overseas Bank Limited.

Details
Name: United Overseas Insurance Limited
U13
Exchange: SGX
Founded: 1971
SGD437,258,250
61,155,000
Website: http://www.uoi.com.sg
Address: United Overseas Insurance Limited
No. 28-01, Springleaf Tower,
3 Anson Road,
Singapore,
079909,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX U13 Ordinary Shares Singapore Exchange SG SGD 02. Jan 1992
DB IZB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
88
United Overseas Insurance employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:36
End of day share price update: 2019/05/16 00:00
Last earnings filing: 2019/04/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.