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United Bankers: Whopping profits from selling a forest fund

United Bankers
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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 is a Finnish expert on wealth management and investment markets, established in 1986. It is one of the oldest non-bank asset managers in Finland. The Group's wealth management business includes funds, discretionary portfolio management, and structured investment products. In its funds, United Bankers specialises in real asset investment solutions, focusing on forest, real estate, infrastructure, and renewable energy. The company also provides capital markets services. United Bankers' headquarters is located in Helsinki.

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Key Estimate Figures17.02.2024

202324e25e
Revenue52.155.360.3
growth-%7.5 %5.9 %9.1 %
EBIT (adj.)17.018.020.4
EBIT-% (adj.)32.6 %32.5 %33.8 %
EPS (adj.)1.231.231.40
Dividend1.001.101.20
Dividend %6.9 %5.8 %6.3 %
P/E (adj.)11.715.513.6
EV/EBITDA7.69.58.4

Forum discussions

Sauli is a diligent proletarian and has completed UB’s company report this Monday evening *UB’s sales have picked up after a sluggish start ...
12/1/2025, 8:27 PM
by Sijoittaja-alokas
1
CEO John Ojanperä was at the Investor Days presenting his company as an investment. Inderes United Bankers sijoituskohteena | Sijoittajapäiv...
11/24/2025, 3:45 PM
by Sijoittaja-alokas
1
UB’s international cooperation regarding the investment bank: UB Corporate Finance ja Clairfield International aloittavat neuvonantajakumppanuuden...
10/6/2025, 7:48 AM
by Sauli Vilen
4
The latest UB fund interview has been published! Inderes Uusi energiapuisto | Salkunhoitajat – UB Uusiutuva Energia - Inderes Aika: 19.09.2025...
9/19/2025, 9:20 AM
by Verneri Pulkkinen
2
United Bankersin suuromistaja osti yhtiön osakkeita noin 48 000 eurolla | Kauppalehti. Rasmus Finnilä, a board member and co-founder of United...
8/27/2025, 7:32 AM
2
This video can also be found on the Inderes Nordic channel, where Sale interviews UB’s CEO, John Ojanperä. Topics: 00:00 Intro 00:04 Highlights...
8/25/2025, 1:13 PM
by Sijoittaja-alokas
2
Sale has made a report on the United Bankers gang. UB’s H1 report was clearly better than forecasts in terms of numbers. However, the earnings...
8/21/2025, 8:13 PM
by Sijoittaja-alokas
3
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