25/08/2026
📊 UBL (United Bank Limited) — Stock Analysis
💰 Current Price: ~Rs 446-448
📈 CY25 EPS: Rs 51.9 (+73% YoY) — Highest ever profit: Rs 130 billion
📊 P/E (TTM): 7.50x | Sector Avg: 6.86x
💵 Dividend Yield: ~6.6%
✅ Strengths:
• Deposits hit record Rs 6.1 trillion (+43% YoY)
• ROE ~30% — industry leading
• Strong parent (Bestway Group, 62% ownership)
• KSE-100 & KSE-30 component
⚠️ Watch Points:
• Cost-to-income ratio rising (30%→34% YoY)
• NII growth decelerating as SBP cuts rates
• Reverse DCF implies ~7.8% perpetual growth priced in — optimistic given rate-cut cycle
• NOT Shariah-compliant (important for Islamic investors / KMI-30 screening)
🎯 Fair Value Estimate: ~Rs 400-430
📍 Current Price vs Fair Value: ~5-10% premium
⚠️ Disclaimer: یہ ایک تعلیمی/تجزیاتی پوسٹ ہے، سرمایہ کاری کا مشورہ نہیں۔ اپنی ریسرچ خود کریں یا مالیاتی مشیر سے رجوع کریں۔
