United Bankers: Whopping profits from selling a forest fund
We have raised our forecasts with the exit from the forest fund, and considering our updated forecasts, the valuation of the stock still seems attractive. The company is currently developing well and we still find the risk/reward ratio interesting.
United Bankers
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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.
Read more on company pageKey Estimate Figures06/03
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 52.1 | 61.4 | 59.8 |
growth-% | 7.48 % | 17.69 % | -2.69 % |
EBIT (adj.) | 16.9 | 23.3 | 19.7 |
EBIT-% (adj.) | 32.37 % | 37.96 % | 32.90 % |
EPS (adj.) | 1.22 | 1.62 | 1.35 |
Dividend | 1.00 | 1.10 | 1.20 |
Dividend % | 6.94 % | 6.32 % | 6.90 % |
P/E (adj.) | 11.76 | 10.75 | 12.92 |
EV/EBITDA | 7.65 | 6.50 | 7.23 |