Company Valuation: United Bank for Africa Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 292,050 259,916 877,215 1,162,780 1,709,287 1,856,239 - -
Change - -11% 237.5% 32.55% 47% 8.6% - -
Enterprise Value (EV) 292,050 259,916 877,215 1,162,780 1,709,287 1,856,239 1,856,239 1,856,239
Change - -11% 237.5% 32.55% 47% 8.6% 0% 0%
P/E 2.37x 1.57x 1.47x 1.56x 4.31x 2.59x 2.01x 1.49x
PBR 0.35x 0.29x 0.45x 0.35x 0.45x 0.39x 0.34x 0.29x
PEG - 0x 0x 0.1x -0.1x 0x 0.1x 0x
Capitalization / Revenue 0.66x 0.44x 0.55x 0.5x 0.83x 0.79x 0.69x 0.52x
EV / Revenue 0x 0x 0x 0x 0x 0.79x 0.69x 0.52x
EV / EBITDA - - - - - - - -
EV / EBIT 0x - 0x 0x 0x 1.66x 1.41x 1.18x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1 1.1 2.8 5 0.25 4.978 6.432 8.335
Rate of return 12.4% 14.5% 10.9% 14.7% 0.6% 11.9% 15.3% 19.8%
EPS 2 3.39 4.84 17.49 21.73 9.66 16.22 20.85 28.18
Distribution rate 29.5% 22.7% 16% 23% 2.59% 30.7% 30.9% 29.6%
Net sales 1 442,994 592,922 1,589,325 2,347,630 2,059,260 2,348,601 2,689,543 3,544,105
EBITDA - - - - - - - -
EBIT 1 164,008 - 997,685 1,291,289 953,220 1,116,618 1,316,169 1,577,667
Net income 1 118,678 170,277 598,285 743,121 529,411 716,647 922,168 1,262,409
Net Debt - - - - - - - -
Reference price 2 8.05 7.60 25.65 34.00 41.65 42.00 42.00 42.00
Nbr of stocks (in thousands) 36,279,526 34,199,421 34,199,421 34,199,421 41,039,306 44,196,175 - -
Announcement Date 3/7/22 3/30/23 4/8/24 3/24/25 4/24/26 - - -
1NGN in Million2NGN
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
2.6x - - 11.82% 1.38B
14.15x - - 1.81% 935B
6.39x - - 4.85% 426B
6.84x - - 4.64% 376B
6.47x - - 4.86% 351B
11.8x - - 2.32% 356B
6.51x - - 4.9% 307B
11.02x - - 4.76% 304B
18.03x - - 2.34% 290B
11.91x - - 2.17% 262B
Average 9.57x 4.45% 360.96B
Weighted average by Cap. 10.73x 3.39%

Y-o-Y evolution of P/E

Valuation ratios - P/E - United Bank for Africa Plc

Historical PBR trend

Valuation ratios - PBR - United Bank for Africa Plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - United Bank for Africa Plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - United Bank for Africa Plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - United Bank for Africa Plc
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