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:	F25F	ISIN:	GB0006928617
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.unite-group.co.uk/	Description:	ORD 25P
Industry Sector:	REAL ESTATE INVESTMENT & SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
833.00	17.5 [2.15]	833.50	834.50	805.00	835.00	805.00	4,295,646
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
3,316.53	398.14	0.17	-31.50	33.20	-	3.99	1,351.00 - 577.00

Unite Key Figures

(at previous day's close)
Market Cap.	3,316.53	m
Shares In Issue	398.14	m
Prev. Close	815.50
PE Ratio	-
Dividend Yield	3.99	%
EPS - basic	-31.50	p
Dividend PS	33.20	p
Dividend Cover	-
Cash Flow PS	19.72	p
Return On Equity (ROE)	-2.90	%
Operating Margin	-64.79	%
PEG Factor	-
EPS Growth Rate	-134.69	%
Dividends PS Growth Rate	14.48	%
Net Debt	1,831.80	m
Gross Gearing	38.25	%
Quick Assets	176.90	m
Net Working Capital	-63.10	m
Intangibles / Fixed Assets	-	%
Turnover PS	39.23	p
Pre-Tax Profit PS	-25.42	p
Retained Profit PS	-39.89	p
Cash PS	21.83	p
Net Cash PS	-39.46	p
Net Tangible Asset Value PS *	771.46	p
Net Asset Value PS	778.11	p
Spread	1.00 (0.12%)
* 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	888.50	793.00
4 weeks	910.00	793.00
12 weeks	983.50	793.00
1 year	1,351.00	577.00

Share Price Chart (5 years)

Unite Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	883.00	-50.00	-5.66	793.00	0.72		827.88
4 weeks	867.50	-34.50	-3.98	793.00	0.63		859.44
12 weeks	938.50	-105.50	-11.24	793.00	0.69		902.65
26 weeks	888.00	-55.00	-6.19	681.00	1.05		889.78
1 year	1,126.00	-293.00	-26.02	577.00	0.99		953.93
3 years	699.50	133.50	19.09	577.00	0.76		918.99
5 years	669.50	163.50	24.42	542.00	0.68		823.29
† 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	16.16
PE Ratio	-
Tobin's Q Ratio	0.84
Tobin's Q Ratio (excl. intangibles)	0.84
Dividend Yield	3.99	%
Market-to-Book Ratio	1.08
Price-to-Pre-Tax Profit PS	-32.77
Price-to-Retained Profit PS	-20.88
Price-to-Cash Flow PS	42.25
Price-to-Sales PS	21.23
Price-to-Net Tangible Asset Value PS	1.07
Price-to-Cash PS	38.16
Net Working Capital PS	-15.85
Price Pct to Working Capital PS	-52.56	%
Earnings Yield	-	%
Average PE	6.82
Years in average	4
PE to PE average	-	%

Unite Financial Ratios

(Leverage Ratios)
Debt Ratio	35.09	%
Debt-to-Equity Ratio	0.54
Debt-to-Equity Ratio (excl. Intgbl)	0.54
Debt-to-Equity Market Value	0.50
Net Gearing	36.51	%
Net Gearing (excl. Intangibles)	36.51	%
Gross Gearing	38.25	%
Gross Gearing (excl. Intangibles)	38.25	%
Gearing Under 1 Year	4.86	%
Gearing Under 1 Year (excl. Intgbl)	4.86	%
Assets/Equity	1.62
Cash/Equity	2.81
(Liquidity Ratios)
Net Working Capital to Total Assets	-1.26	%
Current Ratio	0.74
Quick Ratio (Acid Test)	0.73
Liquidity Ratio	0.36
Cash & Equiv/Current Assets	48.04	%
(Solvency Ratios)
Enterprise Value	4,930.83	m
CFO/Sales	0.50
CFO/Attributable Profit	-
CFO/Assets	0.02
CFO/Debt	0.04
Total Debt/Equity Market Value	0.58
Total Debt/Sales	12.28
Total Debt/Pre-Tax Profit	-18.96
Total Debt	1,918.70	m
Total Debt/Net Current Assets	-30.41	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	10

Beta (60-Mnth)	Beta (36-Mnth)
0.1681	0.1002

Unite Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-2.12	%
Return On Assets (ROA)	-2.27	%
Net Profit Margin	-57.11	%
Assets Turnover	0.04
Return On Equity (ROE)	-2.90	%
Return On Investment (ROI)	-2.39	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-101.66	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.06
Fixed Assets Turnover	0.04
Current Assets Turnover	0.78
Net Working Capital Turnover
Inventory Turnover	23.85
(Other Operating Ratios)
Total Assets-to-Sales	25.18
Debtors-to-Sales	57.01	%
Debt Collection Period	208.09	Days

Unite Dividends

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

Unite Fundamentals

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
turnover	120.70	100.00%	119.30	100.00%	128.30	100.00%	156.20	100.00%	m
pre tax profit	201.40	166.86%	229.40	192.29%	245.80	191.58%	-101.20	-64.79%	m
attributable profit	224.00	185.58%	221.60	185.75%	235.70	183.71%	-89.20	-57.11%	m
retained profit	189.80	157.25%	179.30	150.29%	173.40	135.15%	-158.80	-101.66%	m
eps - basic (p)	101.30		95.30		90.80		-31.50
eps - diluted (p)	94.70		93.60		90.60		-31.40
dividends per share	18.00		22.70		29.00		33.20

Unite Balance Sheet

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)


	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	1,968.90	94.10%	2,293.00	94.30%	2,628.70	92.25%	4,835.80	96.39%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	2.90	0.14%	4.50	0.19%	9.10	0.32%	4.00	0.08%	m
debtors	77.90	3.72%	82.90	3.41%	88.10	3.09%	90.00	1.79%	m
cash & securities	42.70	2.04%	51.20	2.11%	123.60	4.34%	86.90	1.73%	m

TOTAL	2,092.40	100%	2,431.60	100%	2,849.50	100%	5,016.70	100%	m

LIABILITIES
creditors - short	127.40	6.09%	157.50	6.48%	147.40	5.17%	244.00	4.86%	m
creditors - long	489.50	23.39%	519.90	21.38%	603.30	21.17%	1,674.70	33.38%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	616.90	29.48%	677.40	27.86%	750.70	26.34%	1,918.70	38.25%	m

EQUITY
ord cap, reserves	1,451.60	69.37%	1,729.00	71.11%	2,073.00	72.75%	3,071.50	61.23%	m
prefs, minorities	23.90	1.14%	25.20	1.04%	25.80	0.91%	26.50	0.53%	m

TOTAL	1,475.50	70.52%	1,754.20	72.14%	2,098.80	73.66%	3,098.00	61.75%	m

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

Unite Cash Flow Statement

	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)
Operating CF	70.30	58.40	63.50	78.50	m
Pre-Financing CF	83.40	-32.60	-85.00	-264.40	m
Retained CF	15.70	8.50	72.40	-36.70	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