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United Overseas Australia Ltd (EH5) Fair Value & Analysis

Real Estate · SG · Market cap 1.0B SGD (≈ $816M) · ISIN AU000000UOS4

What is United Overseas Australia Ltd really worth?

UO United Overseas Australia Ltd EH5 · SG
Price from Aug 26, 20260.5500 SGD
Fair Value1.43 SGD
Upside+160.0%
Quality68/100

A solid business, trading 62% below our fair value of 1.43 SGD.

As of Aug 22, 2026, the fair value of United Overseas Australia Ltd is 1.43 SGD per share against a price of 0.5500 SGD, so the fair value sits 160% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Healthy Growth (revenue 5y +3.6 %/yr)
Highly profitable · 54.7% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 68/100

Risks

!Evidence only low, so the estimate is less certain
!Weak on past: 29 out of 100

For context

·4.11% dividend yield
Evidence: Low Range 1.07 SGD – 1.78 SGD

Fair value as of: Aug 22, 2026

From 16 valuation models · updated 15 days ago

Share price −9.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (1.07 SGD). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

0.6950 SGD 0.3276 SGD Fair Value 1.43 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 0.3276 SGD – 0.6950 SGD · fair‑value band 1.07 SGD – 1.78 SGD · the 0.5500 SGD price screens below the 1.43 SGD fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

United Overseas Australia Ltd (EH5) currently trades at 0.5500 SGD, while our model-based Fair Value estimate is 1.43 SGD, implying the stock looks roughly 61.5% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of 1.58 SGD per share, and 14 of the 16 models we run sit above the 0.5500 SGD price. Bear case: the Dividend Discount group reads lowest at 0.4000 SGD, and 2 of the 16 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, United Overseas Australia Ltd generated revenue of 268M SGD at a net margin of 54.7%. Revenue grew 21.8% year over year. It earns a return on equity of 7.3%. The stock trades on a trailing P/E of 6.9. Fundamentals as of Aug 22, 2026

Our scenario range runs from 1.07 SGD (bear case) to 1.78 SGD (bull case); at 0.5500 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at 160%, EH5 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.0392 SGD per share, which is 2.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence 1.23 SGD 1.58 SGD 2.05 SGD 82
Growth DCF 1.23 SGD 1.54 SGD 1.92 SGD 80
5Y EBITDA Exit 1.30 SGD 1.81 SGD 2.39 SGD 76
All 16 models by family
DCF Models
FCF DCF best evidence 1.23 SGD 1.58 SGD 2.05 SGD 82
5Y Revenue Exit 1.15 SGD 1.54 SGD 2.02 SGD 74
5Y EBITDA Exit 1.30 SGD 1.81 SGD 2.39 SGD 76
10Y Revenue Exit 1.16 SGD 1.49 SGD 1.93 SGD 68
10Y EBITDA Exit 1.26 SGD 1.67 SGD 2.20 SGD 69
Dividend Discount
Gordon GGM 0.2600 SGD 0.4600 SGD 0.6400 SGD 68
DDM Multi-Stage 0.2600 SGD 0.4000 SGD 0.4900 SGD 67
Multiples
P/S Multiple 1.08 SGD 1.44 SGD 1.80 SGD 58
P/B Multiple 1.08 SGD 1.44 SGD 1.80 SGD 55
EV/EBIT 1.71 SGD 2.13 SGD 2.56 SGD 66
EV/EBITDA 1.46 SGD 1.80 SGD 2.15 SGD 67
EV/Revenue 1.14 SGD 1.44 SGD 1.74 SGD 54
Asset-Based
NCAV (Graham) 0.6000 SGD 0.8100 SGD 1.21 SGD 54
Growth DCF
Growth DCF 1.23 SGD 1.54 SGD 1.92 SGD 80
Rev-Margin DCF 1.15 SGD 1.54 SGD 1.99 SGD 74
Economic Profit
Residual Income 0.9200 SGD 0.9500 SGD 0.9500 SGD 76

Widest divergence: DCF Models (1.58 SGD) versus Dividend Discount (0.4000 SGD). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/E ratio 6.9
P/S ratio 2.30 P/E × margin
EPS (TTM) 0.0800 SGD price ÷ EPS = P/E 6.9
Dividend yield 4.1% payout 28.3%
Net margin 33.4% FY2025
Return on equity 7.3% TTM
More key figures
Profitability
Return on assets (EBIT) 3.3% avg 5y
Operating margin 63.8% TTM
Growth
Revenue (TTM) 268M SGD TTM
Revenue growth (YoY) +21.8% 3y avg +20.6%
EPS growth (YoY) +73.0%
Balance sheet & cash flow
Free cash flow 147M SGD FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 52

Profitability 37
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

United Overseas Australia Ltd, together with its subsidiaries, engages in the property investment and development businesses in Malaysia, Singapore, Vietnam, and Australia. The company operates through three segments: Investment, Land Development and Resale, and Others.

Full company description

United Overseas Australia Ltd, together with its subsidiaries, engages in the property investment and development businesses in Malaysia, Singapore, Vietnam, and Australia. The company operates through three segments: Investment, Land Development and Resale, and Others. It is involved in property investment, rental income generation, and capital appreciation; development, construction, and sale of residential and commercial properties; and operation of hotel, carpark, and food and beverage outlets, provision of facilities support and management services, and money lending activities. The company also engages in the operation of medical healthcare centers that offer healthcare, medicinal, physiotherapy, acupuncture, dental consultancy and treatment, and other healthcare related services; sale of medicinal, pharmaceutical, healthcare, and beauty care products; and education, training, and related consultancy services. In addition, it provides construction; architectural design; facilities management; hospitality; mechanical and electrical; landscaping; and security services. The company was formerly known as United Overseas Securities Limited and changed its name to United Overseas Australia Ltd in November 1991. United Overseas Australia Ltd was incorporated in 1987 and is headquartered in Kuala Lumpur, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

United Overseas Australia Ltd reported revenue of A$443M in FY2025 versus A$416M in FY2021, a compound +1.6%/yr. Reported net income was A$148M in FY2025, compounding +11.2%/yr from FY2021.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
443M SGD
Latest YoY
+35.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.6%
Avg. revenue growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +10.5% (approximate, leans on 2025) · in SGD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+6.4%
Dividend yield4.1%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.33.5% (2020) → 30.5% (2025) · falling
Worst earnings drop34% (2022) · in SGD
⚠ Revenue per share shrinking 9.6%/yr over ~6Y (margins eroding too) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate leans on 2025: that final year sits 77% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +1.6%/yr
FY21 A$416M
FY22 A$252M
FY23 A$267M
FY24 A$327M
FY25 A$443M
Net income +11.2%/yr
FY21 A$97.0M
FY22 A$66.8M
FY23 A$79.2M
FY24 A$91.6M
FY25 A$148M

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Cite: Fair Value Calculator (2026). "United Overseas Australia Ltd Fair Value". https://www.fairvalue-calculator.com/stock/EH5

Peer Group

Real Estate - Development · 566 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside +160% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 55% · Top 25%
Operating margin (TTM) 64% · Top 25%
Revenue growth 22% · Above median
Dividend yield (TTM) 4.1% · Above median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 6.9× · Cheaper than 75% of peers
P/B 0.39× · Cheaper than median
P/S (TTM) 3.04× · Pricier than 75% of peers
P/FCF 5.5× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 45
FUTURE100 · sector 0
PAST29 · sector 11
HEALTH100 · sector 85
DIVIDEND82 · sector 54

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 80016 HK$109.70 HK$88.93 −19%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
Vinhomes Joint Stock Company VHM 71,700 VND 109,431 VND +53%
CK Asset Holdings 1113 HK$47.34 HK$68.85 +45%
Hongkong Land Holdings H78 $8.20 $1.52 −81%
DLF Limited DLF ₹667.10 ₹170.24 −74%
China Overseas Land & Investment Limited 0688 HK$13.76 HK$22.92 +67%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 −53%
Sino Land Company 0083 HK$10.33 HK$6.99 −32%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,925 IDR 1,325 IDR −78%

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Frequently asked questions

Is United Overseas Australia Ltd (EH5) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 1.43 SGD versus the last price from Aug 26, 2026 of 0.5500 SGD, about +160% upside (undervalued).
What is the fair value of EH5?
Our model-based fair value for United Overseas Australia Ltd is 1.43 SGD (as of Aug 22, 2026), built from audited fundamentals. Last price (from Aug 26, 2026): 0.5500 SGD.
What is the quality score of EH5?
United Overseas Australia Ltd has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for United Overseas Australia Ltd (EH5)?
Our model-based price target is the fair value of 1.43 SGD (as of Aug 22, 2026) from 16 valuation models. Cautious scenario 1.07 SGD, optimistic scenario 1.78 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the United Overseas Australia Ltd stock forecast for 2026?
Our models put fair value at 1.43 SGD, about +160% upside versus the last price from Aug 26, 2026 of 0.5500 SGD (undervalued). Cautious scenario 1.07 SGD, optimistic scenario 1.78 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of United Overseas Australia Ltd (EH5)?
United Overseas Australia Ltd reported trailing-twelve-month revenue of about 268M SGD (latest available figure, as of Aug 22, 2026).
What is the net profit margin of EH5?
The net profit margin of United Overseas Australia Ltd is about 54.7%, meaning it keeps roughly 54.7% of revenue as net income. Based on the latest reported figures.
Does United Overseas Australia Ltd pay a dividend?
United Overseas Australia Ltd currently shows a dividend yield of about 4.11% relative to its recent price (as of Aug 22, 2026).
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