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United Bankers
18.2
EUR
-1.09 %
UNITED
NASDAQ Helsinki
Banks
Financials
4,371 following
-1.09%
+1.68%
-3.7%
+5.51%
+26.39%
+35.82%
+34.32%
+114.12%
+161.49%
www.unitedbankers.fi/fi/oyj/konserni
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 (adj.) (24e)
12.33
EV/EBIT (adj.) (24e)
8.28
P/B (24e)
3.5
Dividend yield-% (24e)
6.04 %
Target price
19.00 EUR
Recommendation
Reduce
Updated
26.8.2024
NASDAQ Helsinki
UNITED
Daily low / high price
18.2 / 18.35
EUR
Market cap
199.53M EUR
Turnover
3.92K EUR
Volume
214
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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The latest extensive report was released
Read the reportAnalyst
Kasper Mellas
Analyst
Latest videos
Financial calendar
Annual report
13.02.2025
General meeting
21.03.2025
Interim report
21.08.2025
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Oy Castor-Invest AB | 11.1 % | 11.1 % |
| Amos Partners Oy | 10.2 % | 10.2 % |
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Insider Transactions
| Insider | Date | Total value |
|---|---|---|
| Rasmus Finnilä | 08.11.2024 | 17,790EUR |
| Rasmus Finnilä | 21.10.2024 | 176EUR |
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Forum updates
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34.4 | 43.8 | 48.6 | 52.1 | 59.5 | 60.1 | 61.9 | 67.0 |
| growth-% | 5.7 % | 27.5 % | 10.9 % | 7.5 % | 14.1 % | 0.9 % | 3.1 % | 8.2 % |
| EBITDA | 10.1 | 15.9 | 18.4 | 19.2 | 23.9 | 22.1 | 21.9 | 24.5 |
| EBIT (adj.) | 8.6 | 14.4 | 16.5 | 16.9 | 21.5 | 19.5 | 19.2 | 21.7 |
| EBIT | 8.4 | 14.3 | 16.5 | 17.0 | 21.5 | 19.5 | 19.2 | 21.7 |
| Profit before taxes | 8.4 | 14.3 | 16.5 | 17.0 | 21.5 | 19.5 | 19.2 | 21.7 |
| Net income | 6.2 | 10.3 | 12.5 | 13.3 | 16.0 | 14.6 | 14.3 | 16.3 |
| EPS (adj.) | 0.62 | 1.01 | 1.18 | 1.22 | 1.48 | 1.34 | 1.31 | 1.49 |
| growth-% | 23.6 % | 62.2 % | 17.4 % | 3.6 % | 20.6 % | -9.1 % | -2.2 % | 13.2 % |
| Dividend | 0.51 | 0.80 | 0.90 | 1.00 | 1.10 | 1.15 | 1.20 | 1.25 |
| Dividend ratio | 85.4 % | 80.3 % | 76.4 % | 81.1 % | 74.5 % | 85.7 % | 91.4 % | 84.1 % |
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Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 29.3 % | 36.3 % | 37.9 % | 36.8 % | 40.1 % | 36.7 % | 35.3 % | 36.6 % |
| EBIT-% (adj.) | 25.0 % | 33.0 % | 34.0 % | 32.4 % | 36.1 % | 32.5 % | 31.0 % | 32.4 % |
| EBIT-% | 24.3 % | 32.7 % | 34.0 % | 32.6 % | 36.1 % | 32.5 % | 31.0 % | 32.4 % |
| ROE | 16.4 % | 25.1 % | 27.5 % | 26.9 % | 29.7 % | 25.3 % | 23.9 % | 26.1 % |
| ROI | 20.6 % | 32.8 % | 35.0 % | 34.1 % | 39.3 % | 32.9 % | 30.7 % | 33.0 % |
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Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 10.70 | 13.60 | 14.20 | 14.40 | 18.20 | 18.20 | 18.20 | 18.20 |
| Shares | 10.4 | 10.4 | 10.6 | 10.8 | 10.8 | 10.9 | 10.9 | 11.0 |
| Market cap | 111.7 | 141.2 | 150.9 | 155.1 | 197.0 | 197.9 | 198.8 | 199.7 |
| Enterprise value | 102.4 | 129.0 | 142.2 | 146.6 | 177.7 | 170.9 | 169.7 | 166.7 |
| EV/S | 3.0 | 2.9 | 2.9 | 2.8 | 3.0 | 2.8 | 2.7 | 2.5 |
| EV/EBITDA | 10.2 | 8.1 | 7.7 | 7.6 | 7.4 | 7.7 | 7.8 | 6.8 |
| EV/EBIT (adj.) | 11.9 | 8.9 | 8.6 | 8.7 | 8.3 | 8.8 | 8.8 | 7.7 |
| EV/EBIT | 12.3 | 9.0 | 8.6 | 8.6 | 8.3 | 8.8 | 8.8 | 7.7 |
| P/E (adj.) | 17.3 | 13.5 | 12.0 | 11.8 | 12.3 | 13.6 | 13.9 | 12.2 |
| P/E | 17.9 | 13.7 | 12.0 | 11.7 | 12.3 | 13.6 | 13.9 | 12.2 |
| P/B | 2.9 | 3.2 | 3.2 | 3.0 | 3.5 | 3.4 | 3.3 | 3.1 |
| P/S | 3.3 | 3.2 | 3.1 | 3.0 | 3.3 | 3.3 | 3.2 | 3.0 |
| Dividend yield | 4.8 % | 5.9 % | 6.3 % | 6.9 % | 6.0 % | 6.3 % | 6.6 % | 6.9 % |
| Equity ratio | 66.8 % | 56.7 % | 67.1 % | 67.8 % | 69.4 % | 70.6 % | 71.2 % | 71.9 % |
| Gearing ratio | -24.7 % | -29.5 % | -19.8 % | -18.1 % | -34.9 % | -45.5 % | -47.0 % | -49.9 % |
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Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.5 | 52.1 | 33.0 | 26.5 | 59.5 | ||||
| EBITDA | 11.2 | 19.2 | 14.7 | 9.1 | 23.9 | ||||
| EBIT | 10.0 | 17.0 | 13.5 | 7.9 | 21.5 | ||||
| Profit before taxes | 10.0 | 17.0 | 13.5 | 7.9 | 21.5 | ||||
| Net income | 7.9 | 13.3 | 10.3 | 5.7 | 16.0 |
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ShowingAll content types
UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 19.11.2024
UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 18.11.2024
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