Uniti Group
Market Cap
US$1.1b
Last Updated
2020/03/31 03:44 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
Snowflake Analysis
Average 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-5.0%
UNIT
15.8%
US REITs
7.2%
US Market
1 Year Return
-47.4%
UNIT
-20.1%
US REITs
-10.4%
US Market
Return vs Industry: UNIT underperformed the US REITs industry which returned -19.8% over the past year.
Return vs Market: UNIT underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| UNIT | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.0% | 15.8% | 7.2% |
| 30 Day | -39.1% | -19.2% | -12.6% |
| 90 Day | -27.6% | -24.6% | -19.4% |
| 1 Year | -43.8%-47.4% | -16.8%-20.1% | -8.5%-10.4% |
| 3 Year | -68.5%-76.7% | -0.7%-13.1% | 15.8%8.3% |
| 5 Year | n/a | 13.3%-10.2% | 35.8%21.0% |
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
1 month ago | Simply Wall St
Those Who Purchased Uniti Group (NASDAQ:UNIT) Shares Three Years Ago Have A 64% Loss To Show For It1 month ago | Simply Wall St
Is Uniti Group Inc.'s (NASDAQ:UNIT) CEO Being Overpaid?2 months ago | Simply Wall St
How Uniti Group Inc. (NASDAQ:UNIT) Can Impact Your Portfolio VolatilityValuation
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 ($5.55) is trading below our estimate of fair value ($49.21)
Significantly Below Fair Value: UNIT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UNIT is poor value based on its PE Ratio (124x) compared to the REITs industry average (24.1x).
PE vs Market: UNIT is poor value based on its PE Ratio (124x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: UNIT is poor value based on its PEG Ratio (3.3x)
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 8 analysts?
37.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UNIT's forecast earnings growth (37.3% per year) is above the savings rate (1.7%).
Earnings vs Market: UNIT's earnings (37.3% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UNIT's revenue (2.4% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: UNIT's revenue (2.4% 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?
-0.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UNIT has a large one-off gain of $55.2M impacting its December 31 2019 financial results.
Growing Profit Margin: UNIT's current net profit margins (0.8%) are higher than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: UNIT's earnings have declined by -0.9% per year over the past 5 years.
Accelerating Growth: UNIT's earnings growth over the past year (4.9%) exceeds its 5-year average (-0.9% per year).
Earnings vs Industry: UNIT earnings growth over the past year (4.9%) underperformed the REITs industry 5%.
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? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: UNIT has a high level of physical assets or inventory.
Debt Coverage by Assets: UNIT has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Financial Institutions Analysis
Asset Level: UNIT's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if UNIT has a sufficient allowance for bad loans.
Low Risk Liabilities: UNIT reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if UNIT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UNIT has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if UNIT has an appropriate level of bad loans.
Next Steps
Dividend
What is Uniti Group's current dividend yield, its reliability and sustainability?
6.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UNIT's dividend (6.67%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: UNIT's dividend (6.67%) is in the top 25% of dividend payers in the US market (5.49%)
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 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.1%), UNIT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UNIT's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Kenny Gunderman (48yo)
5s
Tenure
US$5,145,598
Compensation
Mr. Kenneth A. Gunderman, also known as Kenny, has been Chief Executive Officer, President and Director of Uniti Group Inc. since March 2, 2015. Mr. Gunderman has 17 years of investment banking experience ...
CEO Compensation Analysis
Compensation vs Market: Kenny's total compensation ($USD5.15M) is above average for companies of similar size in the US market ($USD3.18M).
Compensation vs Earnings: Kenny's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5yrs | US$5.15m | 0.30% $3.2m | |
| Executive VP | 4.83yrs | US$1.92m | 0.083% $906.1k | |
| Executive VP | 4.83yrs | US$1.39m | 0.060% $659.3k | |
| Senior VP & CTO | 3.42yrs | no data | no data | |
| Vice President of Finance & Investor Relations | no data | no data | no data | |
| Senior Vice President of Corporate Development | 3.67yrs | no data | no data | |
| Senior Vice President of Human Resources | 1.17yrs | no data | no data | |
| Chief Revenue Officer & Senior VP | 2yrs | US$986.71k | no data | |
| President of Uniti Towers | 3.42yrs | no data | no data | |
| President of Uniti Fiber | 2.67yrs | no data | no data |
3.4yrs
Average Tenure
52.5yo
Average Age
Experienced Management: UNIT's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5yrs | US$5.15m | 0.30% $3.2m | |
| Independent Director | 4.67yrs | US$195.57k | 0.030% $331.5k | |
| Chairman of the Board | 5.17yrs | US$258.97k | 0.11% $1.2m | |
| Independent Director | 3.67yrs | US$177.01k | 0.043% $472.7k | |
| Independent Director | 4.67yrs | US$197.88k | 0.030% $328.1k | |
| Director | 0.42yr | no data | 0.018% $199.8k |
4.7yrs
Average Tenure
59yo
Average Age
Experienced Board: UNIT's board of directors are considered experienced (4.8 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 6.4%.
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$1.096b
- Market Cap: US$1.148b
- Shares outstanding: 197.43m
- Website: https://www.uniti.com
Number of Employees
Location
- Uniti Group Inc.
- Benton Building
- Suite 300
- Little Rock
- Arkansas
- 72211
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UNIT | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Apr 2015 |
| 8XC | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Apr 2015 |
| 0LJB | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Apr 2015 |
| 8XC | BRSE (Berne Stock Exchange) | Yes | Common Shares | CH | CHF | Apr 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 infrastructure solutions for the communications industry. As of December 31, 2019, Uniti owns 6.3 million fiber strand miles, approximately 670 wireless towers, and other communications real estate throughout the United States.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 03:44 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.