United Corporations (TSE:UNC)
TSX:UNC
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United Corporations
(TSX:UNC)
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Rating:59Neutral
Price Target:
C$15.50
▲(1.51% Upside)
Action:Downgraded
Date:03/31/26
The score is primarily driven by mixed financial quality: a very strong, debt-free balance sheet and solid profitability are offset by volatile revenue and a notable cash conversion issue (latest year negative operating/free cash flow despite strong earnings). Technically, momentum is weak with price below key moving averages and negative MACD, while valuation is a supportive factor due to the very low P/E.
Positive Factors
Debt-free Balance Sheet
UNC's zero-debt balance sheet provides durable financial flexibility: it reduces solvency risk, preserves capacity to fund capex or acquisitions from internal resources, and insulates the business from interest-rate shocks that could strain operations over months.
Negative Factors
Highly Volatile Revenue
Large swings in top-line (including a ~59% decline in 2026 and a prior negative year) weaken earnings durability and forecasting. Volatile revenue makes investment planning and margin maintenance difficult, raising execution and cash planning risks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
UNC's zero-debt balance sheet provides durable financial flexibility: it reduces solvency risk, preserves capacity to fund capex or acquisitions from internal resources, and insulates the business from interest-rate shocks that could strain operations over months.
Read all positive factors
United Corporations (UNC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.69B
Dividend Yield12.97%
Average Volume (3M)5.36K
Price to Earnings (P/E)3.7
Beta (1Y)0.59
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)3.04
Shares Outstanding112,480,450
10 Day Avg. Volume5,088
30 Day Avg. Volume5,356
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.60
Price to Sales (P/S)10.13
P/FCF Ratio-132.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
United Corporations Business Overview & Revenue Model
Company Description
United Corporations Limited operates as a closed-end equity investment vehicle, jointly overseen by Jarislowsky, Fraser Limited and co-managed by ValueInvest Asset Management S.A. Its primary focus is on publicly traded Canadian equities, though i...
How the Company Makes Money
United Corporations (UNC) generates revenue through its diversified business model. Its key revenue streams include the sale of technology products and software solutions, manufacturing of industrial goods, financial services such as investment ma...
United Corporations Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
41
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 149.31M | 257.36M | 416.16M | 21.34M | -21.63M |
| Gross Profit | 138.16M | 257.36M | 415.90M | 20.38M | -21.63M |
| EBITDA | 530.54M | 255.12M | 413.52M | 18.10M | -23.82M |
| Net Income | 456.75M | 221.10M | 354.25M | 13.87M | -23.09M |
Balance Sheet | |||||
| Total Assets | 2.67B | 2.32B | 2.30B | 1.95B | 2.05B |
| Cash, Cash Equivalents and Short-Term Investments | 27.65M | 80.43M | 55.04M | 66.44M | 68.40M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 122.62M | 98.96M | 86.61M | 40.07M | 32.67M |
| Stockholders Equity | 2.54B | 2.22B | 2.21B | 1.91B | 2.02B |
Cash Flow | |||||
| Free Cash Flow | -11.46M | 230.10M | 46.23M | 119.07M | -713.00K |
| Operating Cash Flow | -11.46M | 230.10M | 46.23M | 119.07M | -713.00K |
| Investing Cash Flow | -16.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -24.82M | -204.72M | -57.62M | -121.03M | -30.15M |
United Corporations Technical Analysis
Positive
15.27
Price Trends
14.62
Positive
14.30
Positive
13.68
Positive
Market Momentum
0.10
Positive
54.72
Neutral
36.23
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 15.02, above the 50-day MA of 14.62, and above the 200-day MA of 13.68, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 54.72 is Neutral, neither overbought nor oversold. The STOCH value of 36.23 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$18.88B | 16.64 | 13.19% | 3.59% | 17.16% | 22.85% | |
73 Outperform | C$107.58B | 31.06 | 30.06% | 3.37% | 247.78% | 9.76% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | C$8.46B | 9.99 | 6.52% | 0.36% | 2.88% | 32.70% | |
59 Neutral | C$1.69B | 3.69 | 18.51% | 12.97% | ― | ― | |
54 Neutral | C$142.93B | 85.61 | 2.84% | 0.53% | -6.55% | 161.29% | |
49 Neutral | C$771.33M | -8.22 | -9.69% | ― | 396.46% | 12.99% |
* Financial Sector Average
TSE:UNC
United Corporations
15.00
2.92
24.16%
TSE:BN
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TSE:ONEX
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TSE:WED
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TSE:BAM
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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.