Share Price7 Day 1 Year 14.00-12.5% 11.1% Second quarter 2023 earnings released: EPS: ₦190 (vs ₦0.35 in 2Q 2022)Second quarter 2023 results:EPS: ₦190 (up from ₦0.35 in 2Q 2022).
Revenue: ₦3.58b (down 24% from 2Q 2022). Net income: ₦2.25b (up 5.7% from 2Q 2022).Profit margin: 63% (up from 45% in 2Q 2022). Over the last 3 years on average, earnings per share have increased by 22% per year but the company’s share price has risen by 73% per year, which means it is tracking significantly ahead of earnings growth.
United Capital has been growing earnings at an average annual rate of 25.6%, while the Capital Markets industry saw wages growing at 11.4% annually. Revenues have been growing at an average rate of 24.3% per year. United Capital’s return on equity is 36.6%.
Growing Profit Margin: UCAP’s current net profit margins (36.3%) are lower than last year (69.2%).
Quality Earnings: UCAP has a significant one-off loss of NGN5.5B impacting its last 12 months of financial results to June 30, 2023.
Earnings Trend: UCAP’s earnings have grown significantly by 24.3% per year over the past 5 years.
United Capital has a total shareholder equity of NGN48.5B and total debt of NGN120.5B, which brings its debt-to-equity ratio to 248.3%. Its total assets and total liabilities are NGN805.8B and NGN757.2B