United Overseas Insurance Valuation

Q: What is the Fair Price of U13 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

U13 (SGD7.2) is trading below our estimate of [[fair value]] (SGD8.17)

Is U13 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of U13 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: U13 (SGD7.2) is trading below our estimate of fair value (SGD8.17)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for U13?

Key metric: As U13 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for U13. This is calculated by dividing U13's market cap by their current earnings.
What is U13's PE Ratio?
PE Ratio	14x
Earnings	S$31.51m
Market Cap	S$440.32m

U13 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.9x
Enterprise Value/EBITDA	8.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does U13's PE Ratio compare to its peers?

The above table shows the PE ratio for U13 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	10.7x
DOHI Doha Insurance Group Q.P.S.C	7.7x	n/a	ر.ق1.3b
AYUD Allianz Ayudhya Capital	13.6x	n/a	฿12.5b
AKGRT Aksigorta	5.5x	30.2%	₺8.9b
8715 Anicom Holdings	16.1x	9.9%	JP¥50.6b
U13 United Overseas Insurance	14x	n/a	S$440.3m

Price-To-Earnings vs Peers: U13 is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (10.7x).

Price to Earnings Ratio vs Industry

How does U13's PE Ratio compare vs other companies in the Asian Insurance Industry?

7 Companies	Price / Earnings	Estimated Growth	Market Cap

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: U13 is expensive based on its Price-To-Earnings Ratio (14x) compared to the Asian Insurance industry average (11x).

Price to Earnings Ratio vs Fair Ratio

What is U13's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

U13 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate U13's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.