UB's H1 result didn’t reach our estimates due to higher-than-expected cost levels. We lowered our profitability estimates to more cautious levels and considering the earnings growth outlook for the next couple of years the share valuation is challenging in our opinion even though the company is still heading in the right direction.
United Bankers
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 Figures26.08.2021
2020 | 21e | 22e | |
---|---|---|---|
Omsætning | 34,4 | 41,7 | 43,2 |
vækst-% | 5,72 % | 21,49 % | 3,38 % |
EBIT (adj.) | 8,6 | 12,1 | 12,8 |
EBIT-% (adj.) | 25,00 % | 29,10 % | 29,63 % |
EPS (adj.) | 0,62 | 0,84 | 0,89 |
Udbytte | 0,51 | 0,65 | 0,70 |
Udbytte % | 4,77 % | 3,83 % | 4,13 % |
P/E (adj.) | 17,25 | 20,10 | 19,01 |
EV/EBITDA | 10,18 | 12,01 | 11,19 |