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 2,033,024 - -
Change - -11% 237.5% 32.55% 47% 18.94% - -
Enterprise Value (EV) 292,050 259,916 877,215 1,162,780 1,709,287 2,033,024 2,033,024 2,033,024
Change - -11% 237.5% 32.55% 47% 18.94% 0% 0%
P/E 2.37x 1.57x 1.47x 1.56x 4.31x 2.84x 2.21x 1.63x
PBR 0.35x 0.29x 0.45x 0.35x 0.45x 0.42x 0.38x 0.32x
PEG - 0x 0x 0.1x -0.1x 0x 0.1x 0x
Capitalization / Revenue 0.66x 0.44x 0.55x 0.5x 0.83x 0.87x 0.76x 0.57x
EV / Revenue 0x 0x 0x 0x 0x 0.87x 0.76x 0.57x
EV / EBITDA - - - - - - - -
EV / EBIT 0x - 0x 0x 0x 1.82x 1.54x 1.29x
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% 10.8% 14% 18.1%
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 46.00 46.00 46.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
2.84x - - 10.82% 1.54B
6.63x - - 4.78% 350B
16.6x - - 1.02% 100B
15.29x - - 4.39% 80.26B
7.68x - - 6.55% 62.17B
5.08x - - 5.96% 56.35B
16.84x - - 3.19% 46.88B
12.93x - - 5.45% 43.38B
9.02x - - 4.77% 40.44B
10.97x - - 3.72% 37.23B
Average 10.39x 5.06% 81.9B
Weighted average by Cap. 9.90x 4.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. UBA Stock
  4. Valuation United Bank for Africa Plc