United Bankers
16.6 EUR -1.78%4,360 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)
10.25
EV/EBIT (adj.) (24e)
6.8
P/B (24e)
3.1
Dividend yield-% (24e)
6.63 %
Target price
19.00 EUR
Recommendation
Accumulate
Updated
6.3.2024
NASDAQ Helsinki
UNITED
Daily low / high price
16.5 / 16.75
EUR
Market cap
178.83M EUR
Turnover
5.34K EUR
Volume
322
Risk and recommendation
HighRiskLow
SellRecommendationBuy
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
Sauli Vilén
Business lead research, analyst
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 |
---|---|---|
Elisabeth Dreijer Von | 2024-04-17 | 84EUR |
Elisabeth Dreijer Von | 2024-04-16 | 12,284EUR |
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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 | 61.4 | 59.8 | 63.8 | 69.3 |
growth-% | 5.7 % | 27.5 % | 10.9 % | 7.5 % | 17.7 % | -2.7 % | 6.8 % | 8.6 % |
EBITDA | 10.1 | 15.9 | 18.4 | 19.2 | 25.7 | 22.2 | 24.1 | 27.2 |
EBIT (adj.) | 8.6 | 14.4 | 16.5 | 16.9 | 23.3 | 19.7 | 21.5 | 24.4 |
EBIT | 8.4 | 14.3 | 16.5 | 17.0 | 23.3 | 19.7 | 21.5 | 24.4 |
Profit before taxes | 8.4 | 14.3 | 16.5 | 17.0 | 23.3 | 19.7 | 21.5 | 24.4 |
Net income | 6.2 | 10.3 | 12.5 | 13.3 | 17.5 | 14.6 | 16.1 | 18.4 |
EPS (adj.) | 0.62 | 1.01 | 1.18 | 1.22 | 1.62 | 1.35 | 1.47 | 1.68 |
growth-% | 23.6 % | 62.2 % | 17.4 % | 3.6 % | 32.3 % | -16.8 % | 9.2 % | 14.1 % |
Dividend | 0.51 | 0.80 | 0.90 | 1.00 | 1.10 | 1.20 | 1.30 | 1.40 |
Dividend ratio | 85.4 % | 80.3 % | 76.4 % | 81.1 % | 67.9 % | 89.1 % | 88.4 % | 83.4 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 29.3 % | 36.3 % | 37.9 % | 36.7 % | 41.9 % | 37.1 % | 37.8 % | 39.3 % |
EBIT-% (adj.) | 25.0 % | 33.0 % | 34.0 % | 32.3 % | 38.0 % | 32.9 % | 33.6 % | 35.3 % |
EBIT-% | 24.3 % | 32.7 % | 34.0 % | 32.5 % | 38.0 % | 32.9 % | 33.6 % | 35.3 % |
ROE | 16.4 % | 25.1 % | 27.5 % | 26.9 % | 32.2 % | 24.7 % | 25.9 % | 28.0 % |
ROI | 20.6 % | 32.8 % | 35.0 % | 34.1 % | 42.1 % | 32.2 % | 33.1 % | 35.3 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 10.70 | 14.20 | 13.60 | 14.40 | 16.60 | 16.60 | 16.60 | 16.60 |
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 | 179.7 | 180.5 | 181.3 | 182.2 |
Enterprise value | 102.4 | 135.2 | 135.9 | 146.6 | 158.5 | 151.8 | 149.0 | 144.8 |
EV/S | 3.0 | 3.1 | 2.8 | 2.8 | 2.6 | 2.5 | 2.3 | 2.1 |
EV/EBITDA | 10.2 | 8.5 | 7.4 | 7.6 | 6.2 | 6.8 | 6.2 | 5.3 |
EV/EBIT (adj.) | 11.9 | 9.4 | 8.2 | 8.7 | 6.8 | 7.7 | 6.9 | 5.9 |
EV/EBIT | 12.3 | 9.4 | 8.2 | 8.6 | 6.8 | 7.7 | 6.9 | 5.9 |
P/E (adj.) | 17.3 | 14.1 | 11.5 | 11.8 | 10.3 | 12.3 | 11.3 | 9.9 |
P/E | 17.9 | 14.3 | 11.5 | 11.7 | 10.3 | 12.3 | 11.3 | 9.9 |
P/B | 2.9 | 3.4 | 3.0 | 3.0 | 3.1 | 3.0 | 2.8 | 2.7 |
P/S | 3.3 | 3.4 | 3.0 | 3.0 | 2.9 | 3.0 | 2.8 | 2.6 |
Dividend yield | 4.8 % | 5.6 % | 6.6 % | 6.9 % | 6.6 % | 7.2 % | 7.8 % | 8.4 % |
Equity ratio | 66.8 % | 56.7 % | 67.1 % | 67.8 % | 69.7 % | 71.2 % | 71.9 % | 72.8 % |
Gearing ratio | -24.7 % | -29.5 % | -19.8 % | -18.1 % | -37.1 % | -47.0 % | -49.7 % | -53.1 % |
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 | 34.4 | 27.0 | ||||
EBITDA | 8.0 | 11.2 | 19.2 | 15.9 | 9.9 | ||||
EBIT | 7.0 | 10.0 | 17.0 | 14.7 | 8.7 | ||||
Profit before taxes | 7.0 | 10.0 | 17.0 | 14.7 | 8.7 | ||||
Net income | 5.4 | 7.9 | 13.3 | 11.3 | 6.2 |
ShowingAll content types
United Bankers Oyj: United Bankers Plc: Notification of Manager's Transactions - Noramaa, Inka
United Bankers Oyj: United Bankers Plc: Notification of Manager's Transactions - Dreijer von Sydow, Elisabeth
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