United Overseas Bank Limited

S$36.88As of Sun 8 Nov 2026, 12:00 UTC

SGX:U11Financials

Country Singapore

PE (Fwd) •••

TSR 10Y CAGR 12.08%

Div yield 4.23%

ROTE 12.29%

Banks (Regional)

Beta (5Y) 0.36

PE TTM 11.10

TSR TTM 10.79%

Mkt cap S$60.85B

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

$44

18.75%

(48.04%)

Hold 6|12|10|2|6

TTM

FYE 31 Dec SGD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

6.484

Revenue$B

7.032

7.275

7.668

8.107

8.263

8.569

9.137

9.593

9.931

10.30

7.144

4.51%

4.13%

14.23

Revenue growth%

10.01

11.37

8.99

6.74

6.23

8.20

10.07

11.20

10.67

8.97

4.94

10.07

9.50

7.38

NIM%

6.45

8.15

9.67

8.30

5.34

4.89

3.55

1.63

0.40

28.48

1.63

5.11

3.30

Effic. R.%

14.68

15.74

18.31

17.68

19.57

21.03

23.18

23.05

24.74

24.47

4.48

23.18

20.30

4.15

Net margin%

8.64

8.38

7.96

5.97

8.30

6.98

8.70

11.42

13.90

12.49

6.24

11.42

8.51

14.25

P/E ratio (avg)x

20.50

20.60

22.84

22.85

21.97

21.82

21.27

21.55

22.26

21.60

35.50

21.60

21.71

19.40

P/TBVx

10.37

12.52

12.30

13.51

15.90

18.97

20.62

21.49

23.17

26.37

32.65

21.49

17.44

30.16

P/Bx

37.42

36.09

36.01

39.12

43.35

42.47

45.29

43.50

39.11

41.46

33.11

42.47

40.29

6.511

NII$B

3.985

4.105

4.415

4.548

4.658

4.948

5.210

5.438

5.628

5.779

11.38

4.41%

4.11%

—

22.60

NII grth%

9.04

8.28

9.77

9.10

9.09

6.20

3.67

4.63

3.70

4.13

11.28

4.13

7.24

8.49

ROTE%

8.29

8.39

10.29

8.02

7.07

5.20

4.66

2.61

3.76

4.87

29.06

4.66

6.13

6.04

Return on equity%

27.74

29.13

26.42

24.54

22.07

21.63

24.45

23.00

25.87

25.16

9.29

24.45

24.85

4.58

Return on assets%

28.02

26.62

25.71

28.53

30.14

27.20

25.84

22.99

24.97

27.81

21.21

25.84

26.91

1.01

EPS$

2.86

2.72

3.00

3.14

3.52

3.69

4.15

4.46

4.13

4.12

1.11

3.19%

4.87%

—

7.30

EPS growth%

0.40

2.95

2.77

0.89

0.40

2.53

1.13

3.12

3.25

4.37

2.53

1.83

3.72

Bookvalue per sh$

2.70

3.15

3.80

3.99

4.11

4.27

4.56

4.89

5.56

6.55

1.75

9.79%

10.45%

—

2.53

TBV/sh$

2.34

2.28

2.31

2.13

2.31

2.08

1.84

1.91

1.69

1.75

0.89

(5.38%)

(2.42%)

—

1.82

Dividend per sh$

2.90

2.77

2.63

2.48

2.44

2.33

2.59

2.95

2.74

2.96

1.63

3.91%

1.43%

—

15.35

Div yield (avg)%

21.70

22.49

23.52

24.05

24.23

25.65

25.94

27.96

28.48

26.09

21.63

26.09

24.94

23.90

Payout ratio%

11.61

8.81

9.13

11.47

11.28

11.73

9.52

11.46

10.48

12.84

6.42

11.46

11.37

1.620

Shares (diluted)B

1.416

1.486

1.410

1.277

1.282

1.254

1.178

1.054

1.014

0.906

1.644

(6.71%)

(3.89%)

21.60

Buyback yield%

24.95

26.19

28.25

26.49

24.81

25.15

23.43

22.22

23.01

20.23

18.12

23.01

24.88

176.90

Eq/Assets%

186.14

186.22

222.34

228.58

250.74

259.04

277.58

315.83

324.83

352.65

148.20

315.83

254.89

7.376

Assets$B

12.22

12.77

13.97

14.72

16.05

16.85

17.88

18.92

21.15

22.89

5.224

7.36%

7.41%

6.841

LT debt$B

6.236

6.574

5.733

4.886

4.398

4.326

4.646

4.024

4.148

4.360

10.31

(0.17%)

(4.76%)

Peers (US$47.45B)

Cap (US$)

DBS Group Holdings Ltd

154.6B

17.97x

Oversea-Chinese…

97.08B

15.78x

Singapore Exchange…

17.07B

31.57x

Fifth Third Bancorp

47.93B

18.27x

Capital

TTM

10Y

Tang eq%

136.70

71.41

79.50

LT debt%

92.75

21.27

26.69

Cash%

83.64

17.87

18.04

Sh yield%

36.95

50.18

49.77

Owners

Insiders/Inst%

7.74

81.81

Short interest%

2.85

SBC / revenue%

5.16

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

22–29

$1 testx

0.0

Incr. ROIC%

—

United Overseas Bank Limited, with subsidiaries, provides banking products and services worldwide through Group Retail, Group Wholesale Banking and Global Markets segments. It offers deposits, loans, trade finance, forex, remittances, letters of credit and guarantees, private, commercial, corporate and investment banking, treasury, asset and wealth management, insurance, stockbroking, credit card and home loan services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

$22.89B

7.41%

1.36×

Revenue

$10.30B

4.13%

1.00×

Non-interest expense

$6.011B

4.11%

1.00×