United Bankers
17.1 EUR -2.29%4,366 investors are following this company
United Bankers operates in the financial industry. The bank offers a wide range of financial services in asset and fund management, as well as structured investment and corporate loans. The advice covers a large part of the major financial markets on a global level and includes both listed and unlisted companies, as well as a selection of listed funds and derivatives. The bank was founded in 1986 and is headquartered in Helsinki.
P/E (24e)
10.92
EV/EBIT (adj.) (24e)
7.29
P/B (24e)
3.23
Dividend yield-% (24e)
6.43 %
Target price
19.00 EUR
Recommendation
Reduce
Updated
26.6.2024
NASDAQ Helsinki
UNITED
Daily low / high price
17.1 / 17.35
EUR
Market cap
187.47M EUR
Turnover
26.94K EUR
Volume
1.6K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Kasper Mellas
Analyst
Latest videos
Financial calendar
Interim report
2024-08-23
Bonus dividend
2024-09-26
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
OY Castor - Invest | 11.3 % | 11.3 % |
Amos Partners - Antti Asunmaa | 10.2 % | 10.2 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Inka Noramaa | 2024-05-27 | 29,307EUR |
Aki Ruohola | 2024-05-27 | 15,280EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 34.4 | 43.8 | 48.6 | 52.2 | 60.6 | 59.1 | 62.6 | 66.5 |
growth-% | 5.7 % | 27.5 % | 10.9 % | 7.5 % | 16.2 % | -2.5 % | 5.9 % | 6.2 % |
EBITDA | 10.1 | 15.9 | 18.4 | 19.2 | 25.0 | 21.6 | 23.0 | 24.6 |
EBIT (adj.) | 8.6 | 14.4 | 16.5 | 16.9 | 22.6 | 19.1 | 20.3 | 21.8 |
EBIT | 8.4 | 14.3 | 16.5 | 17.0 | 22.6 | 19.1 | 20.3 | 21.8 |
Profit before taxes | 8.4 | 14.3 | 16.5 | 17.0 | 22.6 | 19.1 | 20.3 | 21.8 |
Net income | 6.2 | 10.3 | 12.5 | 13.3 | 16.9 | 14.2 | 15.2 | 16.4 |
EPS (adj.) | 0.62 | 1.01 | 1.18 | 1.22 | 1.57 | 1.30 | 1.39 | 1.49 |
growth-% | 23.6 % | 62.2 % | 17.4 % | 3.6 % | 27.9 % | -16.8 % | 6.6 % | 7.3 % |
Dividend | 0.51 | 0.80 | 0.90 | 1.00 | 1.10 | 1.15 | 1.20 | 1.25 |
Dividend ratio | 85.4 % | 80.3 % | 76.4 % | 81.1 % | 70.3 % | 88.3 % | 86.4 % | 83.9 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 29.3 % | 36.3 % | 37.9 % | 36.7 % | 41.2 % | 36.5 % | 36.7 % | 37.1 % |
EBIT-% (adj.) | 25.0 % | 33.0 % | 34.0 % | 32.3 % | 37.3 % | 32.3 % | 32.5 % | 32.8 % |
EBIT-% | 24.3 % | 32.7 % | 34.0 % | 32.5 % | 37.3 % | 32.3 % | 32.5 % | 32.8 % |
ROE | 16.4 % | 25.1 % | 27.5 % | 26.9 % | 31.3 % | 24.2 % | 24.9 % | 25.6 % |
ROI | 20.6 % | 32.8 % | 35.0 % | 34.1 % | 41.0 % | 31.7 % | 32.0 % | 32.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 10.70 | 14.20 | 13.60 | 14.40 | 17.10 | 17.10 | 17.10 | 17.10 |
Shares | 10.4 | 10.4 | 10.6 | 10.8 | 10.8 | 10.9 | 10.9 | 11.0 |
Market cap | 111.7 | 147.5 | 144.5 | 155.1 | 185.1 | 185.9 | 186.8 | 187.6 |
Enterprise value | 102.4 | 135.2 | 135.9 | 146.6 | 164.6 | 158.4 | 156.0 | 153.0 |
EV/S | 3.0 | 3.1 | 2.8 | 2.8 | 2.7 | 2.7 | 2.5 | 2.3 |
EV/EBITDA | 10.2 | 8.5 | 7.4 | 7.6 | 6.6 | 7.3 | 6.8 | 6.2 |
EV/EBIT (adj.) | 11.9 | 9.4 | 8.2 | 8.7 | 7.3 | 8.3 | 7.7 | 7.0 |
EV/EBIT | 12.3 | 9.4 | 8.2 | 8.6 | 7.3 | 8.3 | 7.7 | 7.0 |
P/E (adj.) | 17.3 | 14.1 | 11.5 | 11.8 | 10.9 | 13.1 | 12.3 | 11.5 |
P/E | 17.9 | 14.3 | 11.5 | 11.7 | 10.9 | 13.1 | 12.3 | 11.5 |
P/B | 2.9 | 3.4 | 3.0 | 3.0 | 3.2 | 3.1 | 3.0 | 2.9 |
P/S | 3.3 | 3.4 | 3.0 | 3.0 | 3.1 | 3.1 | 3.0 | 2.8 |
Dividend yield | 4.8 % | 5.6 % | 6.6 % | 6.9 % | 6.4 % | 6.7 % | 7.0 % | 7.3 % |
Equity ratio | 66.8 % | 56.7 % | 67.1 % | 67.8 % | 69.6 % | 70.9 % | 71.6 % | 72.4 % |
Gearing ratio | -24.7 % | -29.5 % | -19.8 % | -18.1 % | -36.3 % | -46.0 % | -48.4 % | -51.0 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 24.7 | 27.5 | 52.2 | 32.0 | 28.6 | ||||
EBITDA | 8.0 | 11.2 | 19.2 | 13.7 | 11.3 | ||||
EBIT | 7.0 | 10.0 | 17.0 | 12.5 | 10.1 | ||||
Profit before taxes | 7.0 | 10.0 | 17.0 | 12.5 | 10.1 | ||||
Net income | 5.4 | 7.9 | 13.3 | 9.6 | 7.4 |
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United Bankers Oyj: UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 27.06.2024
United Bankers extensive report: Growth from real asset funds
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