Union Bank of the Philippines (PSE:UBP)

S&P Issuer Credit Rating LC LT:

Diversified Banks Employees: 3,506 Incorporated: 1968 in PH
NR

UnionBank Plaza
Meralco Avenue Cor Onyx & Union Bank of the Philippines, together with its subsidiaries, provides commercial banking products and services in the Philippines.
Sapphire Roads It operates through Consumer Banking, Corporate and Commercial Banking, and Treasury segments. The company offers savings,
Ortigas Center currency, checking, and investment accounts; time deposits; corporate and commercial banking, auto, mortgage, and quick loans;
Pasig 1605 debit, credit, and prepaid cards; trust and investment products; bancassurance products; remittance products and services; and mobile
Philippines banking services. It also provides cash management services; SME banking solutions; fund management; treasury and capital market
Phone: 63 2 8667 6388 products. In addition, the company offers insurance products; and funds transfer facilities, as well as handles...
www.unionbankph.com

Key Statistics
12 Months 12 Months 12 Months 12 Months 12 Months
Dec-31-2019A Dec-31-2020A Mar-31-2021A Dec-31-2021E Dec-31-2022E
Total Revenue 34,823.37 33,690.25 37,439.38 38,781.85 38,946.23
Growth Over Prior Year 41.5% (3.3%) 3.6% (7.9%) 0.4%
Net Income Margin % 40.3% 34.3% 36.4% 24.6% 23.7%
Diluted EPS Excl. Extra Items 11.52 9.48 11.18 7.83 7.58 EPS Estimate (PHP)
Diluted EPS Excl. Extra Items... 84.0% (17.7%) (5.7%) (17.4%) (3.2%)

Revenue by Business and Geographic Segments (PHP, mm)

Estimates
Recommendation Outperform(2.50)
Target Price 70.00000000

Forward Multiples
FY2021 FY2022
P/E 9.89x 10.22x
* Segments with negative values, such as corporate eliminations, are excluded from the total and percentage
calculations and do not appear on the charts P/BV 0.89x 0.84x

Top Holders Capitalization

Common Stock % of Total Shares Market Value Share Price as of Jun-21-2021 77.50
Holder
Equivalent Held Outstanding (PHP in mm) Shares Out. 1,219.36
Aboitiz Equity Ventures, Inc. 600,795,821 49.27 46,110.9 Market Capitalization 94,500.62
Social Security System, Asset Management 230,442,675 18.90 17,686.4 Book Value of Common Equity 103,239.76
Arm
The Insular Life Assurance Company, Ltd. 198,342,862 16.27 15,222.8 + Book Value of Pref. Equity -
Aboitiz, Erramon Isidro M. 9,238,302 0.76 709.0 = Total Equity 104,039.57
Dimensional Fund Advisors L.P. 7,970,859 0.65 611.8 Impl.Shares Out -
Holders as of Tuesday, June 22, 2021 Impl.Market Cap -
Tier 1 Capital -
Market Data Share Price & Volume (PHP) Tier 2 Capital -
Last (Delayed) 77.50 Market Cap (mm) 94,500.6 Total Capital -
Open 76.00 Shares Out. (mm) 1,219.4 Tier 1 Capital Ratio % -
Previous Close 77.50 Float % 30.4% Total Capital Ratio % 17.6%
Change on Day 1.05 Shares Sold... -
Change % on Day 1.4% Dividend Yield % 4.5%
Day High/Low 77.50/76.00 Diluted EPS 11.18
52 wk High/Low Excl.... EPS...
77.75/52.00 P/Diluted 6.93x
Volume (mm) 0.01 Avg 3M Dly Vlm... 0.02
Beta 5Y 0.48

Key Executives and Board Members

Aboitiz, Erramon Isidro M. Chairman of the Board Events
Bautista, Edwin Riego President, CEO & Director
Date/Time Event
Ortiz, Justo Antonio A. Vice Chairman of the Board
Aug-17-2021 Estimated Earnings Release Date (S&P Global Derived)
Hilado, Jose Emmanuel... CFO, Treasurer & Senior EVP
Aguda, Henry Rhoel Chief Technology & Operations Officer, Chief...
Ratuita

Date Created: Jun-22-2021 Copyright © 2021 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved.
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and Reference Data LLCs

Credit Default Swaps data provided by ICE CMA