NasdaqGS:UNIT

Stock Analysis Report

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Executive Summary

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. More Details


Snowflake Analysis

Second-rate dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Uniti Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UNIT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: UNIT's weekly volatility has decreased from 12% to 6% over the past year.


Market Performance


7 Day Return

6.0%

UNIT

-1.8%

US REITs

-0.5%

US Market


1 Year Return

59.3%

UNIT

-7.3%

US REITs

18.3%

US Market

Return vs Industry: UNIT exceeded the US REITs industry which returned -7.2% over the past year.

Return vs Market: UNIT exceeded the US Market which returned 19.1% over the past year.


Shareholder returns

UNITIndustryMarket
7 Day6.0%-1.8%-0.5%
30 Day2.8%4.7%3.6%
90 Day3.5%3.2%5.6%
1 Year73.7%59.3%-3.4%-7.3%21.0%18.3%
3 Year-16.5%-36.4%17.2%3.2%45.2%35.6%
5 Year-14.7%-47.4%46.5%17.0%89.8%68.8%

Long-Term Price Volatility Vs. Market

How volatile is Uniti Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Uniti Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UNIT ($10.16) is trading below our estimate of fair value ($37.56)

Significantly Below Fair Value: UNIT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UNIT is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: UNIT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: UNIT has negative assets, so we can't compare its PB Ratio to the US REITs industry average.


Next Steps

Future Growth

How is Uniti Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

91.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNIT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: UNIT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: UNIT's is expected to become profitable in the next 3 years.

Revenue vs Market: UNIT's revenue (2.6% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: UNIT's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if UNIT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Uniti Group performed over the past 5 years?

-79.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UNIT is currently unprofitable.

Growing Profit Margin: UNIT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UNIT is unprofitable, and losses have increased over the past 5 years at a rate of 79.2% per year.

Accelerating Growth: Unable to compare UNIT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: UNIT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2%).


Return on Equity

High ROE: UNIT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Uniti Group's financial position?


Financial Position Analysis

Short Term Liabilities: UNIT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: UNIT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: UNIT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: UNIT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if UNIT has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if UNIT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Uniti Group current dividend yield, its reliability and sustainability?

5.86%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: UNIT's dividend (5.91%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: UNIT's dividend (5.91%) is in the top 25% of dividend payers in the US market (4.2%)


Stability and Growth of Payments

Stable Dividend: UNIT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: UNIT has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: UNIT is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: UNIT's dividends in 3 years are forecast to be covered by earnings (56.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Kenny Gunderman (49 yo)

5.67yrs

Tenure

US$6,017,279

Compensation

Mr. Kenneth A. Gunderman, also known as Kenny, has been Chief Executive Officer, President and Director of Uniti Group Inc. since March 2, 2015. Mr. Gunderman has 17 years of investment banking experience ...


CEO Compensation Analysis

Compensation vs Market: Kenny's total compensation ($USD6.02M) is about average for companies of similar size in the US market ($USD5.22M).

Compensation vs Earnings: Kenny's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Gunderman
President5.67yrsUS$6.02m0.24%
$ 5.8m
Mark Wallace
Executive VP5.58yrsUS$2.13m0.066%
$ 1.6m
Daniel Heard
Executive VP5.58yrsUS$1.48m0.049%
$ 1.2m
Michael Friloux
Senior VP & Chief Technology Officerno datano datano data
Blake Schuhmacher
Chief Accounting Officer & Senior VP5.5yrsno data0.018%
$ 442.9k
Bill DiTullio
Vice President of Finance & Investor Relationsno datano datano data
Arnoud Krijt
Senior Vice President of Corporate Development4.33yrsno datano data
Jennifer Ragsdale
Senior Vice President of Human Resources1.83yrsno datano data
Ronald Mudry
Chief Revenue Officer & Senior VP2.67yrsUS$986.71kno data
Andy Newton
President of Uniti Fiber3.33yrsno datano data

4.9yrs

Average Tenure

49yo

Average Age

Experienced Management: UNIT's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kenneth Gunderman
President5.67yrsUS$6.02m0.24%
$ 5.8m
David Solomon
Independent Director5.42yrsUS$234.08k0.025%
$ 604.6k
Francis Frantz
Independent Chairman of the Board5.83yrsUS$400.80k0.090%
$ 2.2m
Scott Bruce
Independent Director4.42yrsUS$209.60k0.26%
$ 6.4m
Jennifer Banner
Independent Director5.42yrsUS$312.14k0.025%
$ 598.4k
Carmen Perez-Carlton
Director1.08yrsUS$158.96k0.015%
$ 364.4k

5.4yrs

Average Tenure

59yo

Average Age

Experienced Board: UNIT's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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 been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

Uniti Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Uniti Group Inc.
  • Ticker: UNIT
  • Exchange: NasdaqGS
  • Founded: 2014
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Implied Market Cap: US$2.407b
  • Market Cap: US$2.383b
  • Shares outstanding: 236.91m
  • Website: https://www.uniti.com

Number of Employees


Location

  • Uniti Group Inc.
  • Benton Building
  • Suite 300
  • Little Rock
  • Arkansas
  • 72211
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNITNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDApr 2015
8XCDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2015
0LJBLSE (London Stock Exchange)YesCommon SharesGBUSDApr 2015

Biography

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastruc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 01:00
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.