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United Corporations
(TSX:UNC)
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Rating:73Outperform
Price Target:
C$16.50
▲(10.89% Upside)
Action:Upgraded
Date:08/11/26
The score is driven primarily by strong financial stability (zero debt and high balance-sheet strength) and very attractive valuation (low P/E and high dividend yield). Offsetting these positives are weak and volatile cash-flow trends and contracting/volatile revenue, while technical indicators point to modest near-term weakness rather than strong momentum.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces financial risk and interest-rate sensitivity, giving management durable optionality to fund operations, dividends, or strategic investments from equity or operating cash without refinancing pressure. This underpins resilience through cycles.
Negative Factors
Sharp revenue contraction
A ~59% TTM revenue decline is a persistent structural concern: sustained top-line shrinkage reduces scale, weakens pricing leverage, and can erode the fixed-cost absorption that supports margins, making future margin and earnings durability contingent on reversing revenue trends.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces financial risk and interest-rate sensitivity, giving management durable optionality to fund operations, dividends, or strategic investments from equity or operating cash without refinancing pressure. This underpins resilience through cycles.
Read all positive factors
United Corporations (UNC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.68B
Dividend Yield11.07%
Average Volume (3M)5.36K
Price to Earnings (P/E)2.5
Beta (1Y)0.58
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)5.94
Shares Outstanding112,480,450
10 Day Avg. Volume5,088
30 Day Avg. Volume5,356
Financial Highlights & Ratios
PEG Ratio0.03
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...
United Corporations Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.15M | 149.31M | 257.36M | 416.16M | 21.34M | -21.63M |
| Gross Profit | 46.99M | 138.16M | 257.36M | 415.90M | 20.38M | -21.63M |
| EBITDA | 767.20M | 530.54M | 255.12M | 413.52M | 18.10M | -23.82M |
| Net Income | 662.10M | 456.75M | 221.10M | 354.25M | 13.87M | -23.09M |
Balance Sheet | ||||||
| Total Assets | 2.77B | 2.67B | 2.32B | 2.30B | 1.95B | 2.05B |
| Cash, Cash Equivalents and Short-Term Investments | 40.17M | 27.65M | 80.43M | 55.04M | 66.44M | 68.40M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 154.84M | 122.62M | 98.96M | 86.61M | 40.07M | 32.67M |
| Stockholders Equity | 2.61B | 2.54B | 2.22B | 2.21B | 1.91B | 2.02B |
Cash Flow | ||||||
| Free Cash Flow | 11.16M | -11.46M | 230.10M | 46.23M | 119.07M | -713.00K |
| Operating Cash Flow | 11.16M | -11.46M | 230.10M | 46.23M | 119.07M | -713.00K |
| Investing Cash Flow | -38.02M | -16.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -20.25M | -24.82M | -204.72M | -57.62M | -121.03M | -30.15M |
United Corporations Technical Analysis
Neutral
14.88
Price Trends
15.05
Negative
14.61
Positive
14.06
Positive
Market Momentum
-0.02
Positive
45.92
Neutral
5.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UNC, the sentiment is Neutral. The current price of 14.88 is below the 20-day moving average (MA) of 14.99, below the 50-day MA of 15.05, and above the 200-day MA of 14.06, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.92 is Neutral, neither overbought nor oversold. The STOCH value of 5.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:UNC.
United Corporations Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$20.72B | 17.98 | 12.91% | 2.84% | 19.92% | 20.90% | |
78 Outperform | C$126.21B | 31.32 | 30.37% | 3.96% | 129.18% | 15.58% | |
73 Outperform | C$1.68B | 2.51 | 26.01% | 11.09% | ― | ― | |
66 Neutral | C$8.76B | 9.93 | 6.52% | 0.38% | 2.88% | 32.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$153.02B | 84.46 | 2.84% | 0.61% | -6.55% | 161.29% | |
49 Neutral | C$735.74M | -8.14 | -9.69% | ― | 396.46% | 12.99% |
* General Sector Average
TSE:UNC
United Corporations
14.90
2.40
19.16%
TSE:BN
Brookfield Corporation
62.38
1.96
3.24%
TSE:IGM
IGM Financial
89.38
43.03
92.82%
TSE:ONEX
ONEX Corporation
115.02
0.98
0.86%
TSE:WED
Westaim
21.90
-8.10
-27.00%
TSE:BAM
Brookfield Asset Management Ltd. Class A
75.93
-7.05
-8.50%
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.