Valuation
46
UCAP · United Capital Plc
Neutral Neutral Quality 4/5Distress proxy: 48.89 (Safe)
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Composite score
48.2
Tier: Neutral
Last close
₦16
As of latest snapshot
30-day ADV
₦1.16B
Liquidity signal
Market cap
₦299.70B
Financial Services
Financials
55
Technical
42
AI bottom line
UCAP trades at a 21% valuation premium to sector (9.4x P/E vs. 7.8x median) despite a Valuation pillar score of 46, though it offsets this with above-median ROE of 19.4% and strong 43.3% net margins. The critical near-term watch is debt/equity leverage at 1.84x, flagged amber, which constrains financial flexibility and warrants monitoring through upcoming earnings and capital allocation decisions.
Stock Snowflake 5-axis radar
Blue = UCAP. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 9.4x — in line with Financial Services median of 7.8x.
- Free cash flow yield of 61.5% — strong cash generation relative to market cap.
- ROE of 19.4% — above Financial Services median of 17.3%.
- Net margin of 43.3% — robust pricing power and cost discipline.
- Below both 50-day (-8.8%) and 200-day (-8.0%) moving averages — sustained downtrend.
Risk flags
Elevated leverage — Debt/Equity 1.8x
Price & trend
Close price with 50-day and 200-day moving averages, last 12 months.
Composite score history
How the model has rated this stock over the available history. Tier changes happen at 75 / 60 / 40.
Key metrics
Valuation
P/E ratio9.4x
P/B ratio1.9x
P/S ratio4.2x
EV/EBITDA—
FCF yield61.5%
Financials
ROE19.4%
ROA1.8%
Net margin43.3%
FCF margin260.7%
Debt / Equity1.8x
Technical
Last close₦16
Above 50d MA-8.8%
Above 200d MA-8.0%
ADX (trend)44.0
RSI35.3
Dividend history 10 fiscal years shown
All amounts are gross of Nigeria's 10% withholding tax on dividends. Bonus ratios are 'new shares for shares held'.
Current yield: 1.84% 5y DPS CAGR: -15.6% ↓ 10y CAGR: -1.5%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.7 | ₦0.7 | — | 07 Apr 2026 | 24 Apr 2026 |
| 2024 | ₦0.9 | ₦0.5 | ₦1.40 | — | — | 04 Apr 2025 |
| 2023 | — | ₦1.80 | ₦1.80 | — | — | 23 Apr 2024 |
| 2022 | — | ₦1.50 | ₦1.50 | — | — | 28 Mar 2023 |
| 2021 | — | ₦1.50 | ₦1.50 | — | — | 23 Mar 2022 |
| 2020 | — | ₦0.7 | ₦0.7 | — | — | 24 Mar 2021 |
| 2019 | — | ₦0.5 | ₦0.5 | — | — | 26 Mar 2020 |
| 2018 | — | ₦0.3 | ₦0.3 | — | — | — |
| 2017 | — | ₦0.35 | ₦0.35 | — | — | — |
| 2016 | — | ₦0.5 | ₦0.5 | — | — | — |
Peers in Financial Services
Closest names by composite score within the same sector. Click a symbol to open its detail page.
| Symbol | Composite | P/E | P/B | ROE | Tier |
|---|---|---|---|---|---|
| PRESTIGE | 49.3 | 35.1x | 0.9x | 2.7% | Neutral |
| SUNUASSUR | 46.7 | 19.3x | 1.4x | 7.2% | Illiquid |
| NPFMCRFBK | 46.2 | 9.6x | 1.8x | 17.6% | Illiquid |
| LASACO | 50.2 | — | 0.9x | -7.6% | Neutral |
| INFINITY | 46.1 | 26.0x | 8.4x | 25.7% | Illiquid |
| STERLINGNG | 51.3 | 4.9x | 1.0x | 15.2% | Neutral |
Recent news mentioning UCAP
NGX corporate disclosures UCAP · last 5
Plain-English summaries of every NGX filing for UCAP, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Insider Dealing
filed 26 Jun 2026
Mojekwu Chukwuma, Director of Southern Region Asset Management at United Capital PLC, purchased 139,600 ordinary shares on June 25, 2026 at ₦17.80 per share (aggregate value approximately ₦2.49 million). This initial insider notification signals management confidence but represents a relatively modest position addition in the ₦1.5+ billion market-cap group.
Insider Dealing
filed 26 Jun 2026
UCAP Group Chief Information Officer Akinlawon Akinkunmi Ayodeji purchased 165,700 ordinary shares at ₦17.95 per share on June 25, 2026, totalling approximately ₦2.97 million. This initial insider notification signals management confidence in the stock at current levels.
Insider Dealing
filed 26 Jun 2026
United Capital PLC's Group Head of Operations, Unuigboje Rita A, purchased 248,200 ordinary shares at ₦17.80 per share on June 25, 2026, for a total of ₦4.42 million. This initial insider notification shows accumulation by a senior executive and may signal confidence in the company's prospects among the investment community.
Insider Dealing
filed 26 Jun 2026
United Capital PLC disclosed that Michael-Obi Doris Obiageli, Head of Business Development in Asset Management, purchased 59,500 ordinary shares at ₦17.90 per share on 25 June 2026, totalling ₦1.06 million. This insider purchase signals management confidence but represents a modest position increase by a non-executive officer.
Insider Dealing
filed 26 Jun 2026
Fasuyi Adetola Aina, Managing Director of Wealth Management at United Capital PLC, purchased 690,300 ordinary shares on 25 June 2026 at an average price of ₦17.95 per share, representing a ₦12.37 million aggregate investment. This insider purchase signals management confidence in the company's valuation.