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United Utilities Group

OTCPK:UUGW.F
Snowflake Description

6 star dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UUGW.F
OTCPK
£6B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

United Utilities Group PLC provides water and wastewater services in the United Kingdom. The last earnings update was 3 days ago. More info.


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UUGW.F Share Price and Events
7 Day Returns
2.8%
OTCPK:UUGW.F
1.7%
US Water Utilities
0.5%
US Market
1 Year Returns
-
OTCPK:UUGW.F
32.7%
US Water Utilities
0.8%
US Market
UUGW.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
United Utilities Group (UUGW.F) 2.8% -3% - - -18.8% -28%
US Water Utilities 1.7% 4.6% 9.8% 32.7% 45.4% 114.2%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • No trading data on UUGW.F.
  • No trading data on UUGW.F.
Price Volatility
UUGW.F
Industry
5yr Volatility vs Market

Value

 Is United Utilities Group 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 Utilities Group 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 Utilities Group.

OTCPK:UUGW.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:UUGW.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Water Utilities Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.34 (1 + (1- 19%) (139.07%))
0.814
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.814 * 6.65%)
8.15%

Discounted Cash Flow Calculation for OTCPK:UUGW.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for United Utilities Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:UUGW.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.15%)
2019 316.50 Analyst x2 292.66
2020 415.50 Analyst x4 355.26
2021 217.25 Analyst x4 171.76
2022 326.00 Analyst x4 238.33
2023 286.00 Analyst x1 193.34
2024 116.00 Analyst x1 72.51
2025 105.13 Est @ -9.37% 60.76
2026 99.09 Est @ -5.74% 52.96
2027 95.92 Est @ -3.2% 47.40
2028 94.56 Est @ -1.42% 43.21
Present value of next 10 years cash flows £1,528.20
OTCPK:UUGW.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £94.56 × (1 + 2.73%) ÷ (8.15% – 2.73%)
£1,793.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,793.52 ÷ (1 + 8.15%)10
£819.59
OTCPK:UUGW.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,528.20 + £819.59
£2,347.79
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,347.79 / 681.89
£3.44
OTCPK:UUGW.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.34
Current discount Discount to share price of $10.40
= -1 x ($10.40 - $4.34) / $4.34
-139.4%

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

  • The current share price of United Utilities Group 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 Utilities Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are United Utilities Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:UUGW.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.53
LSE:UU. Share Price ** LSE (2019-06-13) in GBP £8.24
United States of America Water Utilities Industry PE Ratio Median Figure of 14 Publicly-Listed Water Utilities Companies 35.23x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

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

** Primary Listing of United Utilities Group.

OTCPK:UUGW.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:UU. Share Price ÷ EPS (both in GBP)

= 8.24 ÷ 0.53

15.47x

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

  • United Utilities Group is good value based on earnings compared to the US Water Utilities industry average.
  • United Utilities Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does United Utilities Group's expected growth come at a high price?
Raw Data
OTCPK:UUGW.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-3.8%per year
United States of America Water Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Water Utilities Companies 3.59x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

OTCPK:UUGW.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.47x ÷ -3.8%

-4.02x

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

  • United Utilities Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on United Utilities Group's assets?
Raw Data
OTCPK:UUGW.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £4.56
LSE:UU. Share Price * LSE (2019-06-13) in GBP £8.24
United States of America Water Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Water Utilities Companies 2.82x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
OTCPK:UUGW.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:UU. Share Price ÷ Book Value per Share (both in GBP)

= 8.24 ÷ 4.56

1.81x

* Primary Listing of United Utilities Group.

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

  • United Utilities Group is good value based on assets compared to the US Water Utilities industry average.
X
Value checks
We assess United Utilities Group'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 Water Utilities 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 Water Utilities industry average (and greater than 0)? (1 check)
  5. United Utilities Group has a total score of 3/6, 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.

Future Performance

 How is United Utilities Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
-3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United Utilities Group expected to grow at an attractive rate?
  • United Utilities Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • United Utilities Group's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • United Utilities Group's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:UUGW.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:UUGW.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -3.8%
OTCPK:UUGW.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -0.2%
United States of America Water Utilities Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
United States of America Water Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:UUGW.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:UUGW.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,843 748 324 2
2023-03-31 1,807 734 322 2
2022-03-31 1,815 817 339 5
2021-03-31 1,781 793 330 9
2020-03-31 1,871 891 405 7
OTCPK:UUGW.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 1,819 832 363
2018-12-31 1,797 837 367
2018-09-30 1,776 842 370
2018-06-30 1,756 829 362
2018-03-31 1,736 816 355
2017-12-31 1,731 814 392
2017-09-30 1,727 813 429
2017-06-30 1,716 817 431
2017-03-31 1,704 821 434
2016-12-31 1,715 778 431
2016-09-30 1,726 735 428
2016-06-30 1,728 710 413

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United Utilities Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • United Utilities Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:UUGW.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from United Utilities Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:UUGW.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 0.48 0.48 0.48 1.00
2023-03-31 0.47 0.47 0.47 1.00
2022-03-31 0.47 0.51 0.44 4.00
2021-03-31 0.48 0.58 0.43 7.00
2020-03-31 0.59 0.65 0.56 7.00
OTCPK:UUGW.F Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.53
2018-12-31 0.54
2018-09-30 0.54
2018-06-30 0.53
2018-03-31 0.52
2017-12-31 0.57
2017-09-30 0.63
2017-06-30 0.63
2017-03-31 0.64
2016-12-31 0.63
2016-09-30 0.63
2016-06-30 0.61

*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.
  • United Utilities Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess United Utilities Group'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 Utilities Group has a total score of 0/6, 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.

Past Performance

  How has United Utilities Group 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 Utilities Group's growth in the last year to its industry (Water Utilities).
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 Utilities Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • United Utilities Group's 1-year earnings growth exceeds its 5-year average (2.5% vs -3.8%)
  • United Utilities Group's earnings growth has exceeded the US Water Utilities industry average in the past year (2.5% vs 0.1%).
Earnings and Revenue History
United Utilities Group'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 Utilities Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:UUGW.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,818.50 363.40 134.40
2018-12-31 1,797.35 366.55 132.85
2018-09-30 1,776.20 369.70 131.30
2018-06-30 1,756.00 362.15 130.10
2018-03-31 1,735.80 354.60 128.90
2017-12-31 1,731.40 391.65 128.65
2017-09-30 1,727.00 428.70 128.40
2017-06-30 1,715.50 431.30 126.45
2017-03-31 1,704.00 433.90 124.50
2016-12-31 1,715.00 431.05 135.05
2016-09-30 1,726.00 428.20 145.60
2016-06-30 1,728.00 412.85 146.75
2016-03-31 1,730.00 397.50 147.90
2015-12-31 1,723.90 338.90 148.15
2015-09-30 1,717.80 280.30 148.40
2015-06-30 1,719.00 275.75 146.95
2015-03-31 1,720.20 271.20 145.50
2014-12-31 1,711.35 312.90 142.00
2014-09-30 1,702.50 354.60 138.50
2014-06-30 1,695.65 546.60 135.45
2014-03-31 1,688.80 738.60 132.40
2013-09-30 1,658.80 677.80 127.80
2013-06-30 1,647.40 482.80 131.75
2013-03-31 1,636.00 287.80 135.70
2012-09-30 1,595.10 327.40 146.00
2012-06-30 1,580.00 319.40 144.40

*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 Utilities Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • United Utilities Group used its assets more efficiently than the US Water Utilities industry average last year based on Return on Assets.
  • United Utilities Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess United Utilities Group'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 Water Utilities 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 Utilities Group 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.

Health

 How is United Utilities Group'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 Utilities Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • United Utilities Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • United Utilities Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of United Utilities Group'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x 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 Utilities Group Company Filings, last reported 2 months ago.

OTCPK:UUGW.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,110.80 7,815.80 339.30
2018-12-31 3,110.80 7,815.80 339.30
2018-09-30 2,963.40 7,706.80 259.60
2018-06-30 2,963.40 7,706.80 259.60
2018-03-31 2,950.90 7,912.30 510.00
2017-12-31 2,950.90 7,912.30 510.00
2017-09-30 2,798.40 7,427.80 87.60
2017-06-30 2,798.40 7,427.80 87.60
2017-03-31 2,821.60 7,384.50 247.80
2016-12-31 2,821.60 7,384.50 247.80
2016-09-30 2,670.30 7,316.90 237.40
2016-06-30 2,670.30 7,316.90 237.40
2016-03-31 2,705.50 6,978.00 213.60
2015-12-31 2,705.50 6,978.00 213.60
2015-09-30 2,457.50 6,843.00 356.40
2015-06-30 2,457.50 6,843.00 356.40
2015-03-31 2,434.40 6,645.40 244.00
2014-12-31 2,434.40 6,645.40 244.00
2014-09-30 2,258.50 6,249.40 110.60
2014-06-30 2,258.50 6,249.40 110.60
2014-03-31 2,215.90 6,041.50 115.80
2013-09-30 2,098.60 5,991.20 53.00
2013-06-30 2,098.60 5,991.20 53.00
2013-03-31 1,871.90 6,173.50 201.70
2012-09-30 1,821.60 5,979.30 152.50
2012-06-30 1,821.60 5,979.30 152.50
  • United Utilities Group's level of debt (251.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (272.7% vs 251.2% today).
  • Debt is not well covered by operating cash flow (10.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess United Utilities Group'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 Utilities Group has a total score of 1/6, 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.

Dividends

 What is United Utilities Group'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
5.01%
Current annual income from United Utilities Group dividends. Estimated to be 5.13% next year.
If you bought $2,000 of United Utilities Group shares you are expected to receive $100 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 Utilities Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • United Utilities Group's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
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
OTCPK:UUGW.F 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 9 Analyst Estimates (S&P Global) See Below
United States of America Water Utilities Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:UUGW.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 0.46 2.00
2023-03-31 0.45 2.00
2022-03-31 0.42 6.00
2021-03-31 0.42 10.00
2020-03-31 0.41 12.00
OTCPK:UUGW.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-14 0.413 5.008
2019-05-23 0.413 5.132
2018-05-24 0.397 5.174
2017-06-16 0.389 4.873
2017-05-25 0.389 3.880
2016-06-22 0.385 4.012
2016-05-26 0.385 4.043
2015-06-18 0.377 4.082
2015-05-21 0.377 3.872
2014-06-23 0.360 3.987
2014-05-22 0.360 4.117
2013-11-27 0.349 4.726
2013-06-24 0.343 4.929
2013-05-24 0.343 4.680
2012-11-28 0.328 4.562
2012-05-24 0.320 4.648
2012-01-31 0.307 5.010
2011-06-20 0.300 4.990
2011-05-26 0.300 4.942
2011-01-27 0.300 5.062
2010-01-21 0.300 5.300
2009-11-25 0.332 6.698
2009-06-22 0.327 7.076

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of United Utilities Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess United Utilities Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Utilities Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. United Utilities Group has a total score of 6/6, see the detailed checks below.


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

Management

 What is the CEO of United Utilities Group'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
Steve Mogford
COMPENSATION £2,075,000
AGE 61
TENURE AS CEO 8.3 years
CEO Bio

Mr. Steven Lewis Mogford, also known as Steve, has been the Chief Executive Officer of United Utilities Group PLC since March 31, 2011 and United Utilities Water Limited since March 30, 2011. He has responsibilities to manage the group’s business and to implement the strategy and policies approved by the board. Mr. Mogford served as the Chief Executive of Selex Sensors (SELEX Galileo) for four years from 2007 to 2011. He joined Selex Sensors and Airborne Systems in May 2007. He has experience of the highly competitive Defense market and complex design, manufacturing and support programmes has driven forwards the board’s strategy of improving customer service and operational performance at United Utilities and his perspective of the construction and infrastructure sector provides valuable experience and insight to support United Utilities’ capital investment programme. He served as the Chief Executive of Airborne Systems SpA. He served as the Chief Operating Officer of Programmes at BAE Systems PLC since April 1, 2000. He joined British Aerospace Military Aircraft in 1977 as a Supply Engineer and undertook various procurement roles, including Director of Procurement since 1991. Mr. Mogford served as Commercial Director of the Systems and Services Business Unit of British Aerospace upon British Aerospace formation since 1992. He served as Programmes Director of Al Yamamah since 1994 and Managing Director of Systems and Services since 1995. Since August 1998, he served as Managing Director of British Aerospace Military Aircraft and Aerostructures. He served a 30-year career with British Aerospace, later BAE Systems, during which time he held several senior management positions. Following the merger of British Aerospace and Marconi Electronic Systems in November 1999, he served as Group Managing Director Programmes and Managing Director Eurofighter of BAE Systems PLC. He has been the Senior Independent Director and Non-Executive Director at G4S plc since May 27, 2016. He serves as a Director of United Utilities Plc. He has been Director of United Utilities Water Limited since March 30, 2011. He is an Executive Director at United Utilities Group PLC since January 5, 2011. Mr. Mogford served as a Non-Executive Director at Carillion Plc from September 2006 to December 31, 2015 and served as its Senior Independent Non-Executive Director from May 7, 2014 to September 1, 2015. He served as an Executive Director of BAE Systems PLC from April 2000 to May 9, 2007. He is a Member of the Board of the British Quality Foundation. He was educated at Barking Abbey Grammar School in Essex and Queen Elizabeth College, London, where he obtained a First Class BSc Honours Degree in Astrophysics, Maths and Physics.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the United Utilities Group management team in years:

5
Average Tenure
57
Average Age
  • The average tenure for the United Utilities Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steve Mogford

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
61
TENURE
8.3 yrs

Russ Houlden

TITLE
CFO & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
8.7 yrs

Steve Fraser

TITLE
COO & Executive Director
COMPENSATION
£872K
AGE
42
TENURE
1.8 yrs

Rob Lee

TITLE
Head of Investor Relations

Simon Gardiner

TITLE
General Counsel & Company Secretary
AGE
50

Louise Beardmore

TITLE
Customer Services & People Director
TENURE
1.4 yrs

Ruth Henshaw

TITLE
Head of Reward & Pensions

Phil Aspin

TITLE
Group Controller

Brendan Murphy

TITLE
Treasurer

Gaynor Kenyon

TITLE
Corporate Affairs Director
AGE
57
Board of Directors Tenure

Average tenure and age of the United Utilities Group board of directors in years:

5.8
Average Tenure
58
Average Age
  • The tenure for the United Utilities Group board of directors is about average.
Board of Directors

John David McAdam

TITLE
Non-Executive Chairman
COMPENSATION
£302K
AGE
70
TENURE
10.9 yrs

Steve Mogford

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
61
TENURE
8.4 yrs

Russ Houlden

TITLE
CFO & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
8.7 yrs

Steve Fraser

TITLE
COO & Executive Director
COMPENSATION
£872K
AGE
42
TENURE
1.8 yrs

Sara Weller

TITLE
Independent Non-Executive Director
COMPENSATION
£78K
AGE
57
TENURE
7.3 yrs

Brian May

TITLE
Independent Non-Executive Director
COMPENSATION
£83K
AGE
54
TENURE
6.8 yrs

Stephen Carter

TITLE
Independent Non-Executive Director
COMPENSATION
£76K
AGE
54
TENURE
4.8 yrs

Mark Clare

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£80K
AGE
61
TENURE
4.9 yrs

Alison J. Goligher

TITLE
Independent Non-Executive Director
COMPENSATION
£65K
TENURE
2.8 yrs

Paulette Rowe

TITLE
Independent Non-Executive Director
COMPENSATION
£49K
TENURE
1.9 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 ($) Value ($)
02. Oct 18 Sell John Houlden Individual 01. Oct 18 01. Oct 18 -44,954 $9.36 $-420,726
21. Jun 18 Sell Steven Fraser Individual 20. Jun 18 20. Jun 18 -28,095 $10.35 $-290,923
21. Jun 18 Buy Steven Fraser Individual 20. Jun 18 20. Jun 18 28,095 $10.37 $291,368
X
Management checks
We assess United Utilities Group'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 Utilities Group 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.

News

Simply Wall St News

Company Info

Description

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of waste treatment, consulting, and project management services. The company operates 77,000 kilometers (km) of water pipes; 77,000 km of wastewater pipes; 569 wastewater treatment works; and 88 water treatment works. It serves 3 million households and 200,000 business customers. United Utilities Group PLC is based in Warrington, the United Kingdom.

Details
Name: United Utilities Group PLC
UUGW.F
Exchange: OTCPK
Founded:
£7,084,220,111
681,888,418
Website: http://www.unitedutilities.com
Address: United Utilities Group PLC
Haweswater House,
Lingley Mere Business Park,
Warrington,
Cheshire, WA5 3LP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE UU. Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK UUGW.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB UUEC Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE UUL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
OTCPK UUGR.Y SPONSORED ADR Pink Sheets LLC US USD 29. Jan 1998
Number of employees
Current staff
Staff numbers
5,396
United Utilities Group employees.
Industry
Water Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 00:06
End of day share price update: 2019/06/13 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/06/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.