UBOHOTCNational Commercial BanksFiscal year ends December 31
UNITED BANCSHARES INC/OH
Financials through Q4 FY2022, quarter ended Dec 31, 2022Last filing: 10-K on Mar 13, 2023
$40.27+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $129.14M
- P/E (TTM)
- 11.6
- Dividend yield
- 2.09%
Margins
Share of revenue, fiscal years 2008 to 2022
Net margin
918.0%+682.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2022
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.0% | -6.1% | -5.5% | -25.1% | |
| Net income | -16.7% | +2.0% | +24.1% | +9.7% | |
| EPS, diluted | -15.0% | -89.8% | +24.0% | +10.3% | |
| Free cash flow | -41.3% | +66.3% | +51.1% | +6.3% | |
| Dividend per share | +15.1% | +17.3% | +11.8% | +32.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2013 | FY2017 | FY2022 | Trend |
|---|---|---|---|---|
| Return on equity | 7.3% | 5.2% | 11.2% | |
| Return on assets | 0.8% | 0.5% | 1.0% | |
| Capex to revenue | 1.9% | 255.6% | 290.4% | |
| Diluted shares | 3M | 3M | 3M |
Where the cash went
Fiscal 2018 to 2022, five years combined
United Bancshares generated $69.21M from operations and spent $23.81M on capital expenditure, dividends and share buybacks. 44% of that went back into the business.
Generated
$69.21M
Used
$23.81M
Capital expenditure$10.39M44%Dividends$10.08M42%Share buybacks$3.34M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin918.0%
×Asset turnover0.00×
×Equity multiplier10.72×
=Return on equity, FY202211.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2022 | 918.0% | 0.00× | 10.72× | 11.2% |
| FY2021 | 1246.0% | 0.00× | 8.91× | 11.8% |
| FY2020 | 1248.2% | 0.00× | 9.01× | 13.3% |
| FY2019 | 717.4% | 0.00× | 9.73× | 12.1% |
| FY2018 | 510.6% | 0.00× | 10.28× | 10.5% |
| FY2017 | 235.1% | 0.00× | 9.53× | 5.2% |
| FY2016 | 342.9% | 0.00× | 8.62× | 7.7% |
| FY2015 | 23.3% | 0.04× | 9.03× | 8.5% |
| FY2014 | 20.2% | 0.04× | 9.22× | 6.6% |
| FY2013 | 22.0% | 0.04× | 8.87× | 7.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2022 against fiscal 2021
5of 6 tests passed in fiscal 2022. Some tests lack the figures they need.
- ProfitableNet income above zero$11.31M
- Cash generatingOperating cash flow above zero$16.78M
- Return on assets improvedROA up on the prior year1.4% → 1.1%
- Earnings backed by cashOperating cash flow above net income$16.78M vs $11.31M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise3M → 3M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.00 → 0.00