UTG

Unite (UTG)

Company name:	Unite Group Plc
Company Description:	The development, holding and management of student and NHS key worker residential accomodation in the UK
EPIC:	UTG	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB0006928617
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.unite-group.co.uk/	Description:	ORD 25P
Industry Sector:	REAL ESTATE INVESTMENT & SERVICES

Price	Price Change [%]	Bid	Ask	Open	High	Low	Volume
1,015.00	18.0 [1.81]	1,014.00	1,016.00	1,007.00	1,018.00	1,005.00	61,914
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
4,051.47	399.16	0.20	-31.80	12.75	-	1.26	1,209.00 - 773.50

Unite Key Figures

(at previous day's close)
Market Cap.	4,051.47	m
Shares In Issue	399.16	m
Prev. Close	997.00
PE Ratio	-
Dividend Yield	1.26	%
EPS - basic	-31.80	p
Dividend PS	12.75	p
Dividend Cover	-
Cash Flow PS	18.36	p
Return On Equity (ROE)	-3.74	%
Operating Margin	-55.71	%
PEG Factor	-
EPS Growth Rate	-0.95	%
Dividends PS Growth Rate	-61.60	%
Net Debt	1,633.60	m
Gross Gearing	37.69	%
Quick Assets	444.20	m
Net Working Capital	285.50	m
Intangibles / Fixed Assets	0.09	%
Turnover PS	54.01	p
Pre-Tax Profit PS	-30.09	p
Retained Profit PS	-30.31	p
Cash PS	84.75	p
Net Cash PS	42.79	p
Net Tangible Asset Value PS *	809.35	p
Net Asset Value PS	816.72	p
Spread	2.00 (0.20%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Unite Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	1,018.00	989.50
4 weeks	1,018.00	915.50
12 weeks	1,018.00	872.00
1 year	1,209.00	773.50

Share Price Chart (5 years)

Unite Historic Returns

Giorni da oggi ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	995.50	19.50	1.96	989.50	0.68		998.79
4 weeks	933.50	81.50	8.73	915.50	0.83		970.28
12 weeks	902.00	113.00	12.53	872.00	0.84		943.58
26 weeks	1,155.00	-140.00	-12.12	773.50	0.99		939.50
1 year	1,056.00	-41.00	-3.88	773.50	0.93		1,011.54
3 years	1,278.00	-263.00	-20.58	577.00	0.86		994.43
5 years	806.50	208.50	25.85	577.00	0.78		978.76
† periods calculated are whole weeks rather than calendar months

Unite Key Management Ratios

Unite Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	20.87
PE Ratio	-
Tobin's Q Ratio	0.79
Tobin's Q Ratio (excl. intangibles)	0.79
Dividend Yield	1.26	%
Market-to-Book Ratio	1.25
Price-to-Pre-Tax Profit PS	-33.73
Price-to-Retained Profit PS	-33.48
Price-to-Cash Flow PS	55.27
Price-to-Sales PS	18.79
Price-to-Net Tangible Asset Value PS	1.24
Price-to-Cash PS	11.98
Net Working Capital PS	71.53
Price Pct to Working Capital PS	14.19	%
Earnings Yield	-	%
Average PE	7.76
Years in average	3
PE to PE average	-	%

Unite Financial Ratios

(Leverage Ratios)
Debt Ratio	35.63	%
Debt-to-Equity Ratio	0.55
Debt-to-Equity Ratio (excl. Intgbl)	0.55
Debt-to-Equity Market Value	0.45
Net Gearing	31.22	%
Net Gearing (excl. Intangibles)	31.25	%
Gross Gearing	37.69	%
Gross Gearing (excl. Intangibles)	37.72	%
Gearing Under 1 Year	3.20	%
Gearing Under 1 Year (excl. Intgbl)	3.20	%
Assets/Equity	1.60
Cash/Equity	10.38
(Liquidity Ratios)
Net Working Capital to Total Assets	5.46	%
Current Ratio	2.70
Quick Ratio (Acid Test)	2.65
Liquidity Ratio	2.02
Cash & Equiv/Current Assets	74.68	%
(Solvency Ratios)
Enterprise Value	5,542.67	m
CFO/Sales	0.34
CFO/Attributable Profit	-
CFO/Assets	0.01
CFO/Debt	0.04
Total Debt/Equity Market Value	0.49
Total Debt/Sales	9.15
Total Debt/Pre-Tax Profit	-16.42
Total Debt	1,971.90	m
Total Debt/Net Current Assets	6.91	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	11

Beta (60-Mnth)	Beta (36-Mnth)
0.1990	0.2557

Unite Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-2.37	%
Return On Assets (ROA)	-2.36	%
Net Profit Margin	-56.12	%
Assets Turnover	0.04
Return On Equity (ROE)	-3.74	%
Return On Investment (ROI)	-2.46	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-56.12	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.07
Fixed Assets Turnover	0.04
Current Assets Turnover	0.68
Net Working Capital Turnover
Inventory Turnover	33.69
(Other Operating Ratios)
Total Assets-to-Sales	23.77
Debtors-to-Sales	45.43	%
Debt Collection Period	165.82	Days

Unite Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
23 Feb 2022	Final	GBX	15.60	12/31/2020	12/31/2021	04/18/2022	04/19/2022	05/20/2022	22.10
27 Jul 2021	Interim	GBX	6.50	12/31/2020	12/31/2021	09/16/2021	09/17/2021	10/29/2021	-
16 Mar 2021	Final	GBX	12.75	12/31/2019	12/31/2020	04/15/2021	04/16/2021	05/21/2021	12.75
26 Feb 2020	Final	GBX	22.95	12/31/2018	12/31/2019	04/13/2020	04/14/2020	05/15/2020	33.20
23 Jul 2019	Interim	GBX	10.25	12/31/2018	12/31/2019	09/19/2019	09/20/2019	11/01/2019	-
27 Feb 2019	Final	GBX	19.50	12/31/2017	12/31/2018	04/11/2019	04/12/2019	05/17/2019	29.00
24 Jul 2018	Interim	GBX	9.50	12/31/2017	12/31/2018	09/20/2018	09/21/2018	11/02/2018	-
21 Feb 2018	Final	GBX	15.40	12/31/2016	12/31/2017	04/12/2018	04/13/2018	05/18/2018	22.70
26 Jul 2017	Interim	GBX	7.30	12/31/2016	12/31/2017	10/05/2017	10/06/2017	11/03/2017	-
22 Feb 2017	Final	GBX	12.00	12/31/2015	12/31/2016	04/20/2017	04/21/2017	05/19/2017	18.00
26 Jul 2016	Interim	GBX	6.00	12/31/2015	12/31/2016	10/06/2016	10/07/2016	11/04/2016	-
23 Feb 2016	Final	GBX	9.50	12/31/2014	12/31/2015	04/21/2016	04/22/2016	05/20/2016	15.00
05 Aug 2015	Interim	GBX	5.50	12/31/2014	12/31/2015	10/08/2015	10/09/2015	11/06/2015	-
23 Feb 2015	Final	GBX	9.00	12/31/2013	12/31/2014	04/23/2015	04/24/2015	05/19/2015	11.20
28 Aug 2014	Interim	GBX	2.20	12/31/2013	12/31/2014	10/08/2014	10/10/2014	11/07/2014	-
06 Mar 2014	Final	GBX	3.20	12/31/2012	12/31/2013	04/14/2014	04/16/2014	05/19/2014	4.80
29 Aug 2013	Interim	GBX	1.60	12/31/2012	12/31/2013	10/09/2013	10/11/2013	11/08/2013	-
06 Mar 2013	Final	GBX	3.00	12/31/2011	12/31/2012	04/17/2013	04/19/2013	05/20/2013	4.00
30 Aug 2012	Interim	GBX	1.00	12/31/2011	12/31/2012	10/10/2012	10/12/2012	11/09/2012	-
01 Mar 2012	Final	GBX	0.50	12/31/2010	12/31/2011	04/18/2012	04/20/2012	05/21/2012	1.75
24 Aug 2011	Interim	GBX	0.50	12/31/2010	12/31/2011	10/12/2011	10/14/2011	11/11/2011	-
03 Mar 2010	Final	GBX	-	12/31/2008	12/31/2009	-	-	-	-
09 Mar 2009	Final	GBX	-	12/31/2007	12/31/2008	-	-	-	0.83
29 Aug 2008	Interim	GBX	0.83	12/30/2007	06/30/2008	10/15/2008	10/17/2008	11/19/2008	0.83
05 Mar 2008	Final	GBX	1.67	12/31/2006	12/31/2007	04/16/2008	04/18/2008	05/19/2008	2.50
17 Sep 2007	Interim	GBX	0.83	12/30/2006	06/30/2007	10/10/2007	10/12/2007	11/09/2007	-
07 Mar 2007	Final	GBX	1.67	12/31/2005	12/31/2006	03/14/2007	03/16/2007	05/17/2007	2.50
14 Sep 2006	Interim	GBX	0.83	12/30/2005	06/30/2006	10/11/2006	10/13/2006	11/10/2006	-
16 Mar 2006	Final	GBX	1.67	12/31/2004	12/31/2005	04/12/2006	04/18/2006	05/12/2006	2.50
15 Sep 2005	Interim	GBX	0.83	12/30/2004	06/30/2005	10/12/2005	10/14/2005	11/11/2005	-
16 Mar 2005	Final	GBX	1.67	12/31/2003	12/31/2004	04/13/2005	04/15/2005	05/13/2005	2.50
15 Sep 2004	Interim	GBX	0.83	12/30/2003	06/30/2004	10/13/2004	10/15/2004	11/12/2004	-
23 Mar 2004	Final	GBX	1.67	12/31/2002	12/31/2003	04/14/2004	04/16/2004	05/14/2004	2.50
09 Sep 2003	Interim	GBX	0.83	12/30/2002	06/30/2003	10/15/2003	10/17/2003	11/14/2003	-
25 Mar 2003	Final	GBX	1.67	12/31/2001	12/31/2002	04/09/2003	04/11/2003	05/14/2003	2.50
18 Sep 2002	Interim	GBX	0.83	12/30/2001	06/30/2002	10/16/2002	10/18/2002	11/14/2002	-
14 Mar 2002	Final	GBX	1.67	12/31/2000	12/31/2001	03/27/2002	04/02/2002	05/14/2002	2.50
05 Sep 2001	Interim	GBX	0.83	12/30/2000	06/30/2001	10/17/2001	10/19/2001	11/14/2001	-
20 Mar 2001	Final	GBX	1.37	12/31/1999	12/31/2000	03/28/2001	03/30/2001	05/11/2001	2.05
05 Sep 2000	Interim	GBX	0.68	12/30/1999	06/30/2000	10/16/2000	10/20/2000	11/14/2000	-
15 Mar 2000	Final	GBX	1.05	12/31/1998	12/31/1999	-	03/31/2000	05/16/2000	1.05

Unite Fundamentals

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
turnover	119.30	100.00%	128.30	100.00%	156.20	100.00%	215.60	100.00%	m
pre tax profit	229.40	192.29%	245.80	191.58%	-101.20	-64.79%	-120.10	-55.71%	m
attributable profit	221.60	185.75%	235.70	183.71%	-89.20	-57.11%	-121.00	-56.12%	m
retained profit	179.30	150.29%	173.40	135.15%	-158.80	-101.66%	-121.00	-56.12%	m
eps - basic (p)	95.30		90.80		-31.50		-31.80
eps - diluted (p)	93.60		90.60		-31.40		-31.80
dividends per share	22.70		29.00		33.20		12.75

Unite Balance Sheet

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)


	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	4.30	0.08%	m
fixed investments	2,293.00	94.30%	2,628.70	92.25%	4,835.80	96.39%	4,774.60	91.26%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	4.50	0.19%	9.10	0.32%	4.00	0.08%	8.80	0.17%	m
debtors	82.90	3.41%	88.10	3.09%	90.00	1.79%	105.90	2.02%	m
cash & securities	51.20	2.11%	123.60	4.34%	86.90	1.73%	338.30	6.47%	m

TOTAL	2,431.60	100%	2,849.50	100%	5,016.70	100%	5,231.90	100%	m

LIABILITIES
creditors - short	157.50	6.48%	147.40	5.17%	244.00	4.86%	167.50	3.20%	m
creditors - long	519.90	21.38%	603.30	21.17%	1,674.70	33.38%	1,804.40	34.49%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	677.40	27.86%	750.70	26.34%	1,918.70	38.25%	1,971.90	37.69%	m

EQUITY
ord cap, reserves	1,729.00	71.11%	2,073.00	72.75%	3,071.50	61.23%	3,234.90	61.83%	m
prefs, minorities	25.20	1.04%	25.80	0.91%	26.50	0.53%	25.10	0.48%	m

TOTAL	1,754.20	72.14%	2,098.80	73.66%	3,098.00	61.75%	3,260.00	62.31%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Unite Cash Flow Statement

	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)
Operating CF	58.40	63.50	78.50	73.30	m
Pre-Financing CF	-32.60	-85.00	-264.40	-75.80	m
Retained CF	8.50	72.40	-36.70	251.40	m

Unite Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC