United Bankers (Extensive Report): Better and better performance
Inderes
UB's operational development in recent years has been very strong and the company's performance has improved to a new level. In the short term, the challenging market situation weakens the outlook, but in the longer term, we feel that the company is well positioned to continue its healthy earnings growth.
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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.
Read more on company pageKey Estimate Figures08.04.2022
| 2021 | 22e | 23e | |
|---|---|---|---|
| Revenue | 43.8 | 43.1 | 49.1 |
| growth-% | 27.5 % | -1.7 % | 14.0 % |
| EBIT (adj.) | 14.4 | 12.6 | 15.5 |
| EBIT-% (adj.) | 33.0 % | 29.3 % | 31.5 % |
| EPS (adj.) | 1.01 | 0.89 | 1.07 |
| Dividend | 0.80 | 0.80 | 0.85 |
| Dividend % | 5.6 % | 3.7 % | 4.0 % |
| P/E (adj.) | 14.1 | 24.3 | 20.0 |
| EV/EBITDA | 8.5 | 14.8 | 12.2 |
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