United Corporations (UNC) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 12.97%
• Average Volume (3M): 5.36K
• Price to Earnings (P/E): 4.8
• Beta (1Y): 0.50
• Revenue Growth: 79.03%
• EPS Growth: -26.89%
• Country: CA
• Employees: 190
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.63
• Shares Outstanding: 112,484,550
• 10 Day Avg. Volume: 5,088
• 30 Day Avg. Volume: 5,356
• PEG Ratio: -0.17
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 5.24
• P/FCF Ratio: 5.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: C$17.00 ▲(11.33% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is primarily supported by strong financial positioning (notably a debt-free balance sheet) and very compelling valuation (low P/E and high dividend yield). These positives are partially offset by volatile revenue/earnings and variable cash flows, while technicals are modestly constructive with the stock trading above key moving averages.

Positive Factors

Strong Profitability

The high net profit margin indicates effective cost management and strong profitability, which supports sustainable financial performance.

Balance Sheet Health

A strong balance sheet with low leverage provides financial stability and flexibility, enabling the company to invest in growth opportunities.

Cash Generation Ability

Strong cash generation supports operational stability and provides resources for reinvestment and shareholder returns, enhancing long-term growth prospects.

Negative Factors

Revenue Growth Volatility

Volatile revenue growth can create uncertainty in financial forecasting and planning, potentially impacting long-term strategic initiatives.

Earnings Growth Decline

A decline in earnings growth may signal challenges in maintaining profitability, which could affect investor confidence and future valuation.

Negative Cash Flow from Financing

Negative cash flow from financing may indicate outflows for debt repayment or dividends, potentially limiting funds available for growth investments.

United Corporations Business Overview & Revenue Model

Company Description

United Corporations Limited is a closed ended equity fund launched and managed by Jarislowsky, Fraser Limited. It is co-managed by ValueInvest Asset Management S.A. It invests in the public equity markets of Canada. The fund also makes its investments in units of in Emerging Markets Investors Fund. It makes its investments in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index. It was formerly known as Consolidated Investment Corporation of Canada. United Corporations Limited was formed on February 1, 1929 and is domiciled in Canada.

How the Company Makes Money

United Corporations (UNC) generates revenue through a diverse set of streams aligned with its multiple sectors. In the technology sector, UNC earns income from the sale of proprietary software, hardware products, and IT services, catering to both enterprise and consumer markets. The healthcare division contributes to the company’s earnings by providing medical devices, pharmaceuticals, and healthcare services. In the consumer goods sector, UNC profits from the production and distribution of household products and personal care items. Additionally, strategic partnerships and collaborations with other industry leaders enhance UNC’s market reach and innovation capabilities, further bolstering its revenue. These diversified revenue streams allow UNC to maintain a robust financial performance and adapt to changing market dynamics.

United Corporations Financial Statement Overview

Summary

Strong overall financial health driven by a conservatively positioned, essentially debt-free balance sheet and large, stable equity base. Profitability and cash generation can be very strong (e.g., FY2025 net income $221.1M and FCF $230.1M), but results are highly volatile with sharp revenue swings and loss/negative periods, which lowers consistency.

Income Statement

Profitability is very strong in most years, with unusually high margins and solid net income in FY2025 ($221.1M) following FY2024 ($354.2M) and FY2021 ($422.6M). However, revenue and earnings are highly volatile: FY2025 revenue fell sharply (-44.3% YoY) after strong FY2024 growth (+19.9%), and the company posted losses/negative revenue in FY2020 and FY2022. Overall, the income statement shows excellent profitability when conditions are favorable, but weak consistency and higher year-to-year earnings risk.

Balance Sheet

The balance sheet is conservatively positioned with essentially no debt across the period (debt-to-equity near 0), which materially lowers financial risk. Equity is large and stable (~$2.2B in FY2024–FY2025) supporting a solid asset base (~$2.3B in FY2025). Return on equity improved meaningfully from very low/negative levels in FY2020–FY2022 to healthy levels in FY2024 (~16.0%) and respectable FY2025 (~9.9%), though it remains somewhat volatile.

Cash Flow

Cash generation improved significantly in FY2025 with operating cash flow and free cash flow both at $230.1M, sharply higher than FY2024 ($46.2M) and FY2022 (negative). Cash flow generally aligns well with reported profits (free cash flow matches net income in the provided data), which is a positive quality signal. The key weakness is variability: operating cash flow swings meaningfully year to year, indicating less predictable cash conversion through the cycle.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	405.37M	257.36M	416.16M	21.34M	-21.63M	488.21M
Gross Profit	405.37M	257.36M	415.90M	20.38M	-21.63M	488.21M
EBITDA	403.13M	255.12M	413.52M	18.10M	-23.82M	486.35M
Net Income	349.34M	221.10M	354.25M	13.87M	-23.09M	422.62M
Balance Sheet
Total Assets	2.61B	2.32B	2.30B	1.95B	2.05B	2.15B
Cash, Cash Equivalents and Short-Term Investments	44.27M	80.43M	55.04M	66.44M	68.40M	99.27M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	124.48M	98.96M	86.61M	40.07M	32.67M	80.76M
Stockholders Equity	2.48B	2.22B	2.21B	1.91B	2.02B	2.07B
Cash Flow
Free Cash Flow	214.44M	230.10M	46.23M	119.07M	-713.00K	86.00M
Operating Cash Flow	214.44M	230.10M	46.23M	119.07M	-713.00K	86.00M
Investing Cash Flow	-5.54M	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-213.74M	-204.72M	-57.62M	-121.03M	-30.15M	-30.63M

United Corporations Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UNC, the sentiment is Positive. The current price of 15.27 is above the 20-day moving average (MA) of 14.41, above the 50-day MA of 14.02, and above the 200-day MA of 13.00, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 62.90 is Neutral, neither overbought nor oversold. The STOCH value of 40.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:UNC.

United Corporations Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNC	79 Outperform	―	4.82	14.47%	12.97%	79.03%	-26.89%
IGM	75 Outperform	C$15.84B	14.58	12.37%	3.59%	-1.02%	-5.65%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BAM	67 Neutral	C$105.56B	29.99	41.10%	3.37%	597.75%	50.43%
BN	65 Neutral	C$148.86B	84.40	2.78%	0.53%	-19.04%	17.82%
ONEX	65 Neutral	C$7.94B	8.12	5.15%	0.36%	2.46%	-27.48%
WED	49 Neutral	C$797.50M	-10.10	-6.98%	―	333.02%	-196.36%