United Overseas Bank (UOVEY)
OTHER OTC:UOVEY
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United Overseas Bank
(OTC:UOVEY)
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Rating:67Neutral
Price Target:
$63.00
â–²(20.46% Upside)
Action:DowngradedDate:03/01/26
The score is driven primarily by solid fundamentals and earnings-call support (strong capital/liquidity and shareholder returns), tempered by cash-flow inconsistency and margin volatility. Valuation is supportive (moderate P/E and high dividend yield), while technical signals are weaker in the near term.
Positive Factors
Regional franchise and diversified business model
A deep, multi-segment Southeast Asian franchise provides durable deposit and fee pools across retail, SME and corporate channels. This geographic and customer diversification supports steady loan demand, cross-sell of wealth and transaction services, and resilience to single-market shocks.
Negative Factors
Volatile and negative cash flow history
Repeated swings to negative operating and free cash flow reduce confidence in earnings quality and internal funding. Over time this can limit capital allocation flexibility, constrain dividends or buybacks, and increase reliance on external funding precisely when markets tighten, raising structural risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Regional franchise and diversified business model
A deep, multi-segment Southeast Asian franchise provides durable deposit and fee pools across retail, SME and corporate channels. This geographic and customer diversification supports steady loan demand, cross-sell of wealth and transaction services, and resilience to single-market shocks.
Read all positive factors
United Overseas Bank (UOVEY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$48.37B
Dividend Yield6.44%
Average Volume (3M)17.43K
Price to Earnings (P/E)12.9
Beta (1Y)0.37
Revenue Growth1.01%
EPS Growth6.82%
CountryUS
Employees32,071
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.31
Shares Outstanding832,838,100
10 Day Avg. Volume43,394
30 Day Avg. Volume17,434
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.16
Price to Sales (P/S)2.31
P/FCF Ratio13.75
Enterprise Value/Market Cap0.78
Enterprise Value/Revenue1.98
Enterprise Value/Gross Profit3.08
Enterprise Value/Ebitda12.90
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.31
Revenue Forecast (FY)$11.17B
United Overseas Bank Business Overview & Revenue Model
Company Description
United Overseas Bank Limited, together with its subsidiaries, provides banking products and services. It operates through three segments: Group Retail, Group Wholesale Banking, and Global Markets. The company offers loan products, including overdr...
How the Company Makes Money
United Overseas Bank (UOVEY) generates revenue through several key streams. The primary source of income is interest income from loans and advances, which includes personal loans, mortgages, and corporate loans. Non-interest income is another sign...
United Overseas Bank Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive but cautious picture: the bank delivered resilient earnings with several clear strengths — record fee income (+10% YoY), strong wealth and digital momentum (AUM $201bn, digital sales +144%), robust trade and global markets growth (+23%/+23%) and strong capital/liquidity metrics (CET1 15.1%, LCR 147%). Management proactively increased provisions for identified hotspots (Greater China and U.S.), which supported asset-quality buffers and allowed NPLs to fall to 1.5% and Q4 credit cost to normalize at 19 bps. Offsetting these positives are pressure on net interest income and margins (NII ~-3% YoY; NIM in the low 1.8% area), elevated credit cost in hotspot markets and a more conservative 2026 growth/fee guidance. On balance, achievements, defenses and capital returns materially outweigh the challenges, though the tone is cautious given macro and sector-specific risks.Positive Updates
Resilient Operating Profit
Full-year 2025 operating profit of $7.7 billion (4% down YoY) demonstrating resilience despite a softer rate environment.
Negative Updates
Net Interest Income and Margin Pressure
Net interest income declined (~3% YoY) as benchmark rates eased; full-year NIM 1.89% with Q4 at 1.84% and exit NIM end-Jan at 1.82%; guidance for 2026 NIM 1.75%-1.80% signals continued margin pressure.
Read all updates
Q4-2025 Updates
Positive
Negative
Resilient Operating Profit
Full-year 2025 operating profit of $7.7 billion (4% down YoY) demonstrating resilience despite a softer rate environment.
Read all positive updates
Company Guidance
Management guided for 2026 to low single‑digit loan growth, a full‑year NIM of 1.75–1.80% (exit NIM ~1.82% at end‑January), high‑single‑digit fee income growth, low‑single‑digit operating cost growth, and total credit cost of 25–30 basis points. They also reiterated strong balance‑sheet metrics (CET1 15.1%; fully diluted Basel‑IV ~14.9%), funding and liquidity cushions (CASA ~58.4–58.5%, LCR 147%, NSFR 116%), a 50% core payout ratio (final dividend $0.71, FY dividend $1.56), and an ongoing $3bn capital return plan (>$1bn in special dividends and $2bn of buybacks, with >50% executed and one‑third of buybacks completed).United Overseas Bank Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.69B | 14.28B | 13.01B | 10.97B | 9.13B |
| Gross Profit | 12.54B | 14.28B | 13.01B | 10.97B | 9.13B |
| EBITDA | 6.30B | 0.00 | 0.00 | 6.32B | 5.43B |
| Net Income | 4.61B | 6.04B | 5.71B | 4.57B | 4.08B |
Balance Sheet | |||||
| Total Assets | 572.06B | 537.66B | 523.52B | 504.26B | 459.32B |
| Cash, Cash Equivalents and Short-Term Investments | 74.25B | 76.01B | 87.44B | 78.67B | 69.88B |
| Total Debt | 44.99B | 24.97B | 23.49B | 41.63B | 35.21B |
| Total Liabilities | 520.57B | 487.71B | 477.05B | 460.65B | 416.46B |
| Stockholders Equity | 51.25B | 49.73B | 46.23B | 43.37B | 42.63B |
Cash Flow | |||||
| Free Cash Flow | 4.32B | -15.72B | -17.06B | 9.40B | -3.36B |
| Operating Cash Flow | 5.57B | -14.85B | -16.19B | 10.10B | -2.81B |
| Investing Cash Flow | -21.10B | -771.00M | -645.00M | -3.71B | -440.00M |
| Financing Cash Flow | 29.17B | 1.13B | 19.27B | 5.74B | 3.02B |
United Overseas Bank Technical Analysis
Positive
52.30
Price Trends
58.67
Negative
56.54
Positive
55.48
Positive
Market Momentum
-0.07
Negative
58.77
Neutral
80.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UOVEY, the sentiment is Positive. The current price of 52.3 is below the 20-day moving average (MA) of 57.30, below the 50-day MA of 58.67, and below the 200-day MA of 55.48, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 58.77 is Neutral, neither overbought nor oversold. The STOCH value of 80.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UOVEY.
United Overseas Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $96.78B | 9.08 | 21.64% | 9.77% | 11.82% | 3.41% | |
72 Outperform | $89.08B | 10.18 | 11.88% | 3.11% | 1.79% | 30.93% | |
69 Neutral | $86.01B | 10.95 | 12.12% | 3.77% | 2.91% | 33.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $48.37B | 12.89 | 9.22% | 6.44% | 1.01% | 6.82% | |
64 Neutral | $80.02B | 12.62 | 9.93% | 3.19% | -20.94% | -18.71% | |
57 Neutral | $108.75B | 10.79 | 9.73% | 2.31% | -2.84% | 25.48% |
* Financial Sector Average
UOVEY
United Overseas Bank
58.61
15.54
36.10%
ITUB
Itau Unibanco
8.82
3.86
77.64%
LYG
Lloyds Banking
5.55
2.10
61.01%
MFG
Mizuho Financial
8.80
4.00
83.33%
PNC
PNC Financial
220.76
66.16
42.80%
USB
US Bancorp
55.36
17.66
46.84%
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.