Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

United Overseas Bank Limited (U11.SI)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$384.81 - $1,372.03$1,252.83
Multi-Stage$178.05 - $194.63$186.19
Blended Fair Value$719.51
Current Price$36.00
Upside1,898.64%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.51%15.75%1.711.591.190.950.941.090.900.390.540.85
YoY Growth--8.02%33.38%25.08%0.74%-13.26%20.51%129.49%-27.12%-36.72%114.94%
Dividend Yield--4.72%5.57%3.87%3.53%4.18%4.12%3.68%1.48%2.65%4.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)11,659.00
(-) Cash Dividends Paid (M)6,816.00
(=) Cash Retained (M)4,843.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,331.801,457.38874.43
Cash Retained (M)4,843.004,843.004,843.00
(-) Cash Required (M)-2,331.80-1,457.38-874.43
(=) Excess Retained (M)2,511.203,385.633,968.58
(/) Shares Outstanding (M)1,689.961,689.961,689.96
(=) Excess Retained per Share1.492.002.35
LTM Dividend per Share4.034.034.03
(+) Excess Retained per Share1.492.002.35
(=) Adjusted Dividend5.526.046.38
WACC / Discount Rate7.01%7.01%7.01%
Growth Rate5.50%6.50%7.50%
Fair Value$384.81$1,252.83$1,372.03
Upside / Downside968.91%3,380.09%3,711.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11,659.0012,416.8413,223.9314,083.4814,998.9115,973.8416,453.06
Payout Ratio58.46%64.77%71.08%77.38%83.69%90.00%92.50%
Projected Dividends (M)6,816.008,042.269,399.1410,898.4412,552.9314,376.4615,219.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.01%7.01%7.01%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)7,444.647,515.217,585.77
Year 2 PV (M)8,054.158,207.568,362.41
Year 3 PV (M)8,644.928,893.099,145.96
Year 4 PV (M)9,217.399,571.869,936.46
Year 5 PV (M)9,771.9310,243.9210,733.97
PV of Terminal Value (M)257,769.10270,219.45283,146.29
Equity Value (M)300,902.13314,651.08328,910.87
Shares Outstanding (M)1,689.961,689.961,689.96
Fair Value$178.05$186.19$194.63
Upside / Downside394.59%417.19%440.63%

High-Yield Dividend Screener

« Prev Page 10 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BNGA.JKPT Bank CIMB Niaga Tbk8.91%$157.7256.96%
QIGD.QAQatari Investors Group Q.S.C.8.91%$0.1397.17%
MCS-R.BKM.C.S. Steel Public Company Limited8.90%$0.7434.29%
0QR1.LSchweiter Technologies AG8.89%$22.4090.72%
0816.HKJinmao Property Services Co., Limited8.88%$0.2355.27%
3492.TMIRARTH Real Estate Investment Corporation8.88%$8,301.0988.12%
3998.HKBosideng International Holdings Limited8.86%$0.4070.17%
PJP.WAPJP Makrum S.A.8.86%$1.4265.03%
603565.SSShanghai Zhonggu Logistics Co., Ltd.8.84%$0.8987.23%
ALVAP.PAKumulus Vape S.A.8.83%$0.3724.09%
IPS.PAIpsos S.A.8.83%$2.9938.93%
RFF.AXRural Funds Group8.83%$0.1715.19%
KOV.AXKorvest Ltd8.81%$1.2460.47%
0QUS.LG5 Entertainment AB (publ)8.80%$8.0594.74%
9620.SRBalsm Alofoq Medical Co.8.80%$2.4063.98%
PPM.AXPepper Money Limited8.80%$0.2044.77%
VK.PAVallourec S.A.8.80%$1.4183.22%
BBNI.JKPT Bank Negara Indonesia (Persero) Tbk8.79%$374.4666.86%
KJL.BKKijcharoen Engineering Electric Public Company Limited8.79%$0.5473.06%
0856.HKVSTECS Holdings Limited8.78%$0.7147.24%
BA-R.BKBangkok Airways Public Company Limited8.78%$1.3083.23%
PFRM3.SAProfarma Distribuidora de Produtos Farmacêuticos S.A.8.78%$0.7478.88%
0001.HKCK Hutchison Holdings Limited8.77%$4.7359.96%
NOBLE-R.BKNoble Development Public Company Limited8.75%$0.1927.34%
RANA.OLRana Gruber ASA8.75%$6.7583.80%
PDG.BKProdigy Public Company Limited8.74%$0.2690.35%
WHC.AXWhitehaven Coal Limited8.74%$0.6856.57%
DLTA.JKPT Delta Djakarta Tbk8.73%$175.4299.09%
8371.HKTaste Gourmet Group Limited8.70%$0.1853.44%
TRAN.BACompañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.8.70%$301.7991.83%
0257.HKChina Everbright Environment Group Limited8.69%$0.4235.73%
EMB.AXEmbelton Limited8.69%$0.7069.10%
HP3A.DERingmetall SE8.69%$0.2438.33%
RDTX.JKPT Roda Vivatex Tbk8.69%$1,103.9395.63%
S56.SISamudera Shipping Line Ltd8.69%$0.1060.61%
1307.TWSan Fang Chemical Industry Co., Ltd.8.68%$2.7091.10%
ASIZ.LAberforth Split Level Income ZDP 20248.68%$11.0447.29%
PIC.AXPerpetual Equity Investment Company Limited8.68%$0.1197.90%
CPHN.SWCPH Chemie + Papier Holding AG8.66%$5.9989.84%
JIN.AXJumbo Interactive Limited8.66%$0.9974.11%
PM-R.BKPremier Marketing Public Company Limited8.66%$1.0390.60%
0546.HKFufeng Group Limited8.65%$0.7030.72%
ITB.DEImperial Brands PLC8.65%$3.0955.77%
LOGG3.SALOG Commercial Properties e Participações S.A.8.64%$2.1949.79%
5547.TWOJioushun Construction Co., Ltd.8.63%$2.2658.13%
TWD.AXTamawood Limited8.62%$0.2480.43%
UNITED.HEUnited Bankers Oyj8.60%$1.6153.91%
DDR.AXDicker Data Limited8.58%$0.8796.73%
PATO.BKPato Chemical Industry Public Company Limited8.58%$0.6098.05%
0371.HKBeijing Enterprises Water Group Limited8.56%$0.2164.00%