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UIL Ltd (GB:UTL)
LSE:UTL
UK Market

UIL Ltd (UTL) AI Stock Analysis

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GB:UTL

UIL Ltd

(LSE:UTL)

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Neutral 67 (OpenAI - 5.2)
Rating:67Neutral
Price Target:
184.00p
â–²(20.66% Upside)
The score is driven mainly by improving 2025 financial performance (profitability rebound, reduced leverage, positive cash flow) and supportive valuation (low P/E and strong dividend yield). Offsetting these positives are weaker near-term technical signals (below key short-term moving averages with negative MACD) and the company’s history of highly volatile results, which adds uncertainty to sustainability.
Positive Factors
Improved leverage
Material reduction in debt meaningfully strengthens the balance sheet, lowering financial risk and interest burden. This increases management’s flexibility to fund buybacks, dividends or opportunistic investments and improves NAV resilience across market cycles.
Positive cash generation
Return to positive operating and free cash flow provides durable internal funding for distributions and portfolio activity. Sustained cash generation reduces reliance on external financing and supports long-term capital allocation and liquidity management.
Shareholder-friendly actions
Active buyback authority, confirmed dividend policy and insider purchases align management with shareholders and can compress the discount to NAV. These structural governance and capital allocation choices support long-term shareholder returns and confidence.
Negative Factors
Earnings volatility
Historic large losses and uneven results reduce predictability of earnings and NAV, complicating long-term planning. Persistent volatility undermines confidence in recurring distributions and makes forecasting capital needs and performance more uncertain.
Inconsistent cash conversion
Variability in free cash flow and periods where cash generation lags reported earnings constrain the company’s ability to sustainably fund buybacks or dividends from operations, potentially forcing asset sales or increased leverage during downturns.
Portfolio-dependent revenue
Business model depends on market-driven investment returns and revaluations, so earnings and NAV are cyclical and sensitive to market swings, FX and gearing. Reliance on realized/unrealized gains increases structural earnings unpredictability over multi‑quarter horizons.

UIL Ltd (UTL) vs. iShares MSCI United Kingdom ETF (EWC)

UIL Ltd Business Overview & Revenue Model

Company DescriptionUIL Limited is a closed-ended equity mutual fund launched and managed by ICM Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure, utility, and related sectors including water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service, rail, roads, and any business with essential service or monopolistic characteristics. The fund primarily invests in value stocks of companies. It employs fundamental analysis with a focus on such factors as sound balance sheets, good cash flows, ability to pay and sustain dividends, good asset bases, and market conditions to create its portfolio. The fund benchmarks the performance of its portfolio against the FTSE Utilities Index, FTSE All-Share Index, and the Dow Jones World Utilities Index. It was formerly known as Utilico Investments Limited. UIL Limited was formed on August, 2003 and is domiciled in Bermuda.
How the Company Makes MoneyUIL Ltd generates revenue primarily through the appreciation of its investment portfolio and dividend income from its holdings. The company invests in a variety of assets, including equities, bonds, and other financial instruments, which provide returns in the form of capital gains and income. Additionally, UIL Ltd may engage in strategic partnerships or joint ventures to enhance its investment opportunities and returns. The company's financial performance is also influenced by market conditions, investment management strategies, and the performance of its underlying assets.

UIL Ltd Financial Statement Overview

Summary
2025 shows a clear turnaround with strong profitability, improved leverage (lower debt vs. 2024), and positive operating/free cash flow. The main risk is multi-year volatility (large losses and uneven revenue/cash flow in 2022–2024), which reduces confidence in the durability of results.
Income Statement
58
Neutral
Profitability rebounded sharply in 2025, with strong gross and net margins and a return to meaningful earnings after large losses in 2022–2024. However, results are highly volatile year-to-year, with prior periods showing deep losses and inconsistent revenue levels (including negative revenue in some years), which reduces confidence in the durability of the current earnings profile.
Balance Sheet
71
Positive
Leverage improved materially in 2025 as total debt fell significantly versus 2024, bringing debt relative to equity down to a conservative level. Equity remains sizable versus assets, and returns on equity turned positive again. The main weakness is the recent history of negative returns on equity (2022–2024), indicating that balance-sheet strength has not consistently translated into stable profitability.
Cash Flow
63
Positive
Cash generation is currently positive, with operating cash flow and free cash flow both positive in 2025, following weaker and occasionally negative cash flow in earlier years. That said, free cash flow declined in 2025 versus 2024, and cash flow has not consistently covered reported earnings across periods, highlighting variability in cash conversion and underlying operating stability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue27.26M27.48M10.73M-32.15M5.34M123.67M
Gross Profit22.15M22.15M-16.02M-32.15M-121.18M130.34M
EBITDA10.27M20.90M0.000.000.000.00
Net Income20.90M20.90M-25.02M-44.45M-137.30M122.59M
Balance Sheet
Total Assets249.19M249.19M240.60M313.75M417.59M545.86M
Cash, Cash Equivalents and Short-Term Investments953.00K953.00K1.49M5.23M8.00K3.32M
Total Debt19.52M19.52M102.65M145.15M195.73M48.55M
Total Liabilities82.54M82.54M103.07M146.17M198.85M182.07M
Stockholders Equity166.65M166.65M137.53M167.58M218.74M363.78M
Cash Flow
Free Cash Flow11.69M11.69M7.68M-434.00K538.00K2.82M
Operating Cash Flow11.69M11.69M7.68M-434.00K538.00K2.82M
Investing Cash Flow12.40M12.40M38.02M70.61M2.25M69.74M
Financing Cash Flow-24.62M-24.62M-41.55M-69.83M-8.24M-68.11M

UIL Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price152.50
Price Trends
50DMA
159.93
Positive
100DMA
154.18
Positive
200DMA
136.07
Positive
Market Momentum
MACD
0.82
Positive
RSI
47.71
Neutral
STOCH
61.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UTL, the sentiment is Neutral. The current price of 152.5 is below the 20-day moving average (MA) of 163.35, below the 50-day MA of 159.93, and above the 200-day MA of 136.07, indicating a neutral trend. The MACD of 0.82 indicates Positive momentum. The RSI at 47.71 is Neutral, neither overbought nor oversold. The STOCH value of 61.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:UTL.

UIL Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
£185.89M12.5013.07%8.15%1.29%11.17%
76
Outperform
£2.29B36.104.75%4.91%14.05%-3.07%
76
Outperform
£1.90B10.406.14%2.40%64.34%77.61%
67
Neutral
―7.2513.74%5.25%――
66
Neutral
$17.65B18.105.60%3.62%6.62%11.55%
64
Neutral
£145.89M11.669.72%21.31%-15.65%-12.27%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:UTL
UIL Ltd
160.00
50.40
45.99%
GB:CLIG
City of London Investment
384.00
59.01
18.16%
GB:LIO
Liontrust Asset Management
237.50
-153.21
-39.21%
GB:RAT
Rathbones Group PLC
2,225.00
602.37
37.12%
GB:CLDN
Caledonia Investments
366.00
-4.93
-1.33%
GB:SBO
Schroder British Opportunities Trust Plc
70.25
1.75
2.55%

UIL Ltd Corporate Events

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
UIL Limited Affirms MAR Compliance Ahead of Interim Results
Neutral
Jan 20, 2026

UIL Limited has confirmed that it is in full compliance with market abuse regulations ahead of releasing its results for the six months ended 31 December 2025. The company stated it has already disclosed, and will continue to disclose, all inside information via regulatory information services, and signalled that it may buy or sell its own securities, including those of its wholly owned subsidiary UIL Finance Limited, during this period, indicating active capital management within the bounds of disclosure rules.

The most recent analyst rating on (GB:UTL) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on UIL Ltd stock, see the GB:UTL Stock Forecast page.

DividendsFinancial Disclosures
UIL Limited Posts Modest NAV Gain but Shares Slide in December
Negative
Jan 14, 2026

UIL Limited reported a 1.1% net asset value total return for December, lagging the 2.2% gain in the FTSE All Share Total Return Index, though its three-month NAV performance of 6.5% marginally outpaced the benchmark’s 6.4% rise. Against a broadly positive market backdrop driven by a US Federal Reserve rate cut, UIL’s portfolio saw mixed movements in its key holdings, including the addition of Canadian gold explorer Roxmore Resources to its top ten positions following a 12% share price rise, while Resimac and Alliance Nickel declined. The company’s ordinary share price fell 12.1% over the month to 153.00p despite the payment of a first quarterly interim dividend of 2.00p per share for the year ending 30 June 2026, while its 2026 and 2028 zero dividend preference shares posted modest price gains, highlighting a divergence between equity and ZDP investor sentiment.

The most recent analyst rating on (GB:UTL) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on UIL Ltd stock, see the GB:UTL Stock Forecast page.

Regulatory Filings and Compliance
UIL Non-Executive Director Increases Stake Through Share Purchase
Positive
Jan 5, 2026

UIL Limited has disclosed a director dealing transaction involving non-executive director Stuart Bridges, in line with market regulations governing persons discharging managerial responsibilities. Bridges purchased 8,835 ordinary shares of UIL Limited at a price of 156.25 pence per share on 5 January 2026 on the London Stock Exchange, a move that modestly increases insider ownership and may be interpreted by investors as a signal of confidence in the company’s prospects.

The most recent analyst rating on (GB:UTL) stock is a Hold with a £166.00 price target. To see the full list of analyst forecasts on UIL Ltd stock, see the GB:UTL Stock Forecast page.

Regulatory Filings and Compliance
UIL Director David Shillson Increases Stake with Share Purchase
Positive
Jan 5, 2026

UIL Limited has disclosed that non-executive director and PDMR David Shillson has purchased 6,535 ordinary shares of 10p each in the company at a price of 156.25p per share. The transaction, carried out on 5 January 2026 on the London Stock Exchange, increases director equity alignment with shareholders and provides the market with updated information on insider dealing activity in line with regulatory disclosure requirements.

The most recent analyst rating on (GB:UTL) stock is a Hold with a £166.00 price target. To see the full list of analyst forecasts on UIL Ltd stock, see the GB:UTL Stock Forecast page.

Other
UIL Director Peter Durhager Increases Stake With Share Purchase
Positive
Jan 5, 2026

UIL Limited reported that non-executive director and person discharging managerial responsibilities (PDMR) Peter Durhager has purchased 8,437 ordinary shares of 10 pence each in the company at a price of 156.25p per share on 5 January 2026 on the London Stock Exchange. The director share purchase signals increased personal alignment with shareholders and may be interpreted by the market as a sign of confidence in UIL’s prospects and valuation, though it does not in itself indicate any change to the company’s stated strategy or operations.

The most recent analyst rating on (GB:UTL) stock is a Hold with a £166.00 price target. To see the full list of analyst forecasts on UIL Ltd stock, see the GB:UTL Stock Forecast page.

Regulatory Filings and Compliance
UIL Limited Confirms Total Voting Rights at Year-End 2025
Neutral
Jan 2, 2026

UIL Limited has reported that, as of 31 December 2025, it has 90,439,504 ordinary shares in issue, all of which carry voting rights and with no shares held in treasury. This updated share count provides the key denominator shareholders must use when calculating whether their holdings trigger disclosure obligations under the FCA’s transparency regime, helping ensure accurate reporting of significant positions and changes in ownership in the market.

The most recent analyst rating on (GB:UTL) stock is a Hold with a £166.00 price target. To see the full list of analyst forecasts on UIL Ltd stock, see the GB:UTL Stock Forecast page.

Stock BuybackDividendsFinancial Disclosures
UIL Limited Reports Mixed NAV Performance and Strategic Share Buyback
Neutral
Dec 11, 2025

UIL Limited, a company with a diverse investment portfolio, reported a marginal decline in its net asset value total return by 0.6% in November, slightly underperforming the FTSE All Share total return Index. Despite this, over the past three months, UIL’s NAV total return increased by 17.5%, significantly outperforming the FTSE All Share total return Index. The company announced a first quarterly interim dividend and completed a share liquidity program, purchasing 1.9 million ordinary shares for cancellation. These strategic moves may impact UIL’s market positioning and shareholder value.

Business Operations and StrategyDelistings and Listing Changes
UIL Limited Concludes Successful 2025 Share Liquidity Programme
Positive
Dec 3, 2025

UIL Limited has successfully concluded its 2025 Share Liquidity Programme, which allowed the purchase of ordinary shares at a 20% discount to the net asset value, with strong shareholder support. The initiative aligns with UIL’s commitment to provide liquidity opportunities for minority shareholders ahead of its planned privatization in 2028, with similar programmes expected in the coming years.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Repurchase and Voting Rights Update
Neutral
Dec 2, 2025

UIL Limited has announced the repurchase and cancellation of 83,295 ordinary shares at a price of 179.90p per share, adjusting the total number of ordinary shares with voting rights to 90,439,504. This transaction may impact shareholders’ calculations regarding their interest in the company under the FCA’s Disclosure and Transparency Rules.

Stock Buyback
UIL Limited Reduces Share Count Through Buyback
Neutral
Dec 1, 2025

UIL Limited has announced a transaction involving the purchase and cancellation of 110,000 of its own ordinary shares at a price of 180.63p per share. This transaction reduces the total number of ordinary shares with voting rights to 90,522,799, which is significant for shareholders as it affects the calculations for notifying changes in their interest in the company under FCA rules.

Stock Buyback
UIL Limited Announces Share Repurchase and Voting Rights Update
Neutral
Nov 28, 2025

UIL Limited has announced a transaction involving the repurchase and cancellation of 38,047 ordinary shares at a price of 180.02p per share. This transaction reduces the total number of ordinary shares with voting rights to 90,632,799, which may impact shareholder calculations regarding their interest in the company according to FCA’s rules.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Buyback and Voting Rights Update
Neutral
Nov 27, 2025

UIL Limited has announced a transaction involving the purchase and cancellation of 110,500 of its own ordinary shares at a price of 180.85p per share. This action reduces the total number of ordinary shares with voting rights to 90,670,846, which shareholders can use as a reference for calculating their interest in the company under FCA rules.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Reduces Share Count with Recent Buyback
Neutral
Nov 26, 2025

UIL Limited announced the repurchase and cancellation of 112,000 ordinary shares at a price of 177.23p each, reducing the total number of shares with voting rights to 90,781,346. This transaction affects shareholder calculations under the FCA’s Disclosure and Transparency Rules, potentially impacting their notification requirements regarding interest changes in the company.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Buyback and Voting Rights Update
Neutral
Nov 25, 2025

UIL Limited, a company involved in financial transactions, announced the purchase and cancellation of 111,000 of its own ordinary shares at a price of 178.39p each. This transaction reduces the total number of ordinary shares with voting rights to 90,893,346, impacting shareholder calculations under the FCA’s Disclosure and Transparency Rules.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Repurchase and Voting Rights Update
Neutral
Nov 20, 2025

UIL Limited has announced the repurchase and cancellation of 109,000 ordinary shares at a price of 182.22p per share. This transaction reduces the total number of ordinary shares with voting rights to 91,221,346, which may affect shareholders’ calculations regarding their interests under the FCA’s Disclosure and Transparency Rules.

Stock Buyback
UIL Limited Reduces Share Count with Recent Buyback
Neutral
Nov 19, 2025

UIL Limited announced the repurchase and cancellation of 109,000 ordinary shares at a price of 182.30p per share, reducing the total number of shares with voting rights to 91,330,346. This transaction may impact shareholder calculations regarding their interest in the company under FCA’s rules, potentially affecting their disclosure obligations.

Stock Buyback
UIL Limited Cancels 109,000 Shares, Adjusts Voting Rights
Neutral
Nov 18, 2025

UIL Limited, a company involved in financial transactions, has announced the purchase and cancellation of 109,000 of its own ordinary shares at a price of 183.47p per share. This transaction reduces the total number of ordinary shares with voting rights to 91,439,346, which shareholders can use as a reference for determining changes in their interest in the company under the FCA’s Disclosure and Transparency Rules.

Stock Buyback
UIL Limited Reduces Share Count with Recent Buyback
Neutral
Nov 17, 2025

UIL Limited announced the repurchase and cancellation of 108,000 ordinary shares at a price of 185.12p per share, reducing the total number of shares with voting rights to 91,548,346. This transaction may impact shareholder calculations regarding their interest in the company under the FCA’s Disclosure and Transparency Rules.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Repurchase and Voting Rights Update
Neutral
Nov 14, 2025

UIL Limited has announced the repurchase and cancellation of 109,000 ordinary shares at a price of 182.95p each, reducing the total number of shares with voting rights to 91,656,346. This transaction may affect shareholder calculations regarding their interests under the FCA’s Disclosure and Transparency Rules.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Buyback and Voting Rights Update
Neutral
Nov 13, 2025

UIL Limited has announced the repurchase and cancellation of 109,000 ordinary shares at a price of 182.97p each, reducing the total number of shares with voting rights to 91,765,346. This transaction may impact shareholders’ calculations regarding their interest in the company under the FCA’s Disclosure and Transparency Rules.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Buyback and Voting Rights Update
Neutral
Nov 12, 2025

UIL Limited has announced a transaction involving the purchase and cancellation of 23,917 of its own ordinary shares at a price of 183.78p per share. This transaction reduces the total number of ordinary shares with voting rights to 91,874,346, which shareholders can use as a denominator for determining their interest in the company under FCA’s rules.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Repurchase and Voting Rights Update
Neutral
Nov 11, 2025

UIL Limited has announced the repurchase and cancellation of 105,000 ordinary shares at a price of 182.58p per share, reducing the total number of shares with voting rights to 91,898,263. This transaction may affect shareholders’ calculations regarding their interest in the company under the FCA’s Disclosure and Transparency Rules.

Stock Buyback
UIL Limited Reduces Share Count with Recent Buyback
Neutral
Nov 10, 2025

UIL Limited announced the purchase and cancellation of 110,000 ordinary shares at a price of 180.34p each, reducing the total number of shares with voting rights to 92,003,263. This transaction may affect shareholders’ calculations regarding their interest in the company under FCA’s rules, potentially impacting their disclosure requirements.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Reduces Share Count with Recent Buyback
Neutral
Nov 6, 2025

UIL Limited announced the purchase and cancellation of 94,157 ordinary shares at a price of 180.19p per share, reducing the total number of shares with voting rights to 92,174,445. This transaction affects shareholder calculations under the FCA’s Disclosure and Transparency Rules, potentially impacting their interest notifications.

Stock BuybackRegulatory Filings and Compliance
UIL Limited Announces Share Repurchase and Voting Rights Update
Neutral
Nov 5, 2025

UIL Limited has announced a transaction involving the repurchase and cancellation of 110,000 of its ordinary shares at a price of 182.80p each. This action reduces the total number of shares with voting rights to 92,268,602, impacting shareholder calculations under the FCA’s Disclosure and Transparency Rules.

Business Operations and StrategyStock BuybackDividendsShareholder Meetings
UIL Limited Successfully Passes All Resolutions at 2025 AGM
Positive
Nov 5, 2025

UIL Limited, a company involved in financial operations, held its 2025 Annual General Meeting on November 4, 2025. During the meeting, all proposed resolutions were passed, including the approval of the company’s accounts, directors’ remuneration report, and dividend policy. The re-election of key directors and the re-appointment of KPMG Audit Limited as auditor were also confirmed. Additionally, the company authorized the purchase of its own shares and the allotment of securities, indicating a strategic move to strengthen its financial position.

Business Operations and StrategyStock Buyback
UIL Limited Launches 2025 Share Liquidity Programme
Neutral
Nov 5, 2025

UIL Limited has launched its 2025 Share Liquidity Programme, allowing minority shareholders to sell a significant portion of their shares at a 20% discount to the net asset value. This initiative is part of UIL’s strategy to provide liquidity ahead of its planned privatization in 2028, with similar programs expected in the following years. The buyback program, managed by Shore Capital, will purchase up to £4 million worth of shares, potentially impacting daily trading volumes on the London Stock Exchange.

Business Operations and StrategyStock BuybackM&A Transactions
UIL Limited Announces Strategic Sale of Somers Limited Shares
Neutral
Nov 4, 2025

UIL Limited, a company involved in investment management, has announced the sale of its entire shareholding in Somers Limited. The transaction involves two agreements: one with General Provincial Life Pension Fund Limited to settle an outstanding loan of £17.1 million, and another with Somers Limited for a buyback of shares worth £99 million. This strategic move will reduce UIL’s borrowings by £17.1 million and maintain its net asset value per share, reflecting a significant restructuring of its investment portfolio.

Business Operations and StrategyStock BuybackM&A Transactions
UIL Limited Announces Sale of Somers Limited Shares
Neutral
Oct 27, 2025

UIL Limited, a company involved in investment management, has announced its intention to sell its shares in Somers Limited as part of a strategy to simplify its group structure. The sale involves agreements with General Provincial Life Pension Fund Limited and a buyback agreement with Somers, both based on Somers’ net asset value per share as of 31 October 2025. These transactions are not expected to impact UIL’s net asset value per share.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025