UNITED OVERSEAS INSURANCE LTD (U13) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of UNITED OVERSEAS INSURANCE LTD S$7.85, price S$8.41, upside -6.7%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range 5.38 SGD – 8.81 SGD · fair‑value band 5.89 SGD – 9.81 SGD · the 8.41 SGD price screens above the 7.85 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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United Overseas Insurance Limited engages in the underwriting general insurance business in Singapore, ASEAN countries, and internationally. The company offers personal insurance products, including travel, motor, accident, and home insurance products; and business property insurance.
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United Overseas Insurance Limited engages in the underwriting general insurance business in Singapore, ASEAN countries, and internationally. The company offers personal insurance products, including travel, motor, accident, and home insurance products; and business property insurance. It also provides general insurance for business assets, such as fire, all risks, business interruption, machinery and equipment all risk, burglary/theft, money, marine cargo, fidelity guarantee, plate glass, and public liability insurance products; employees benefit comprising work injury compensation, group personal accident, and group business/corporate travel insurance products; and package insurance for small and medium sized enterprise. In addition, the company offers directors' and officers', contractors' all risks/erection all risks, and professional indemnity insurance products. The company was incorporated in 1971 and is based in Singapore. United Overseas Insurance Limited is a subsidiary of United Overseas Bank Limited.
Stock analysis
UNITED OVERSEAS INSURANCE LTD (U13) currently trades at 8.41 SGD, while our model-based Fair Value estimate is 7.85 SGD, so the stock looks roughly fairly valued today (gap 7.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of 6.87 SGD per share, and 1 of the 4 models we run sit above the 8.41 SGD price.
Bear case: the Asset-Based group reads lowest at 5.73 SGD, and 3 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: 5.89 SGD (bear) to 9.81 SGD (bull), the price of 8.41 SGD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
UNITED OVERSEAS INSURANCE LTD reported revenue of 13.6M SGD in FY2025 versus 119M SGD in FY2021, a compound −41.9%/yr. Reported net income was 32.3M SGD in FY2025, compounding −21.0%/yr from FY2021.
Key figures
Market cap 514M SGD (≈ $401M) · P/E ratio 13.8 · P/S ratio 32.9 · EPS (TTM) 0.6100 SGD · Dividend yield 2.4% · Net margin 27.1% · Return on equity 7.0% · Return on assets (EBIT) 5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at −7%, U13 screens cheaper than that median.
Fair Value models
Bear 5.89 SGDFair Value 7.85 SGDBull 9.81 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.3082 SGD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+80.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−42.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−34.2%
Start year 2020 (pandemic). Over 10 years: −12.3% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−11.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−2.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.4%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4.4% vs 3.4%, slowing
Profit margin 2015 to 2020 ⓘ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.53% → 27%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 27.7%/yr over ~7Y (margin trend unclear) ⓘ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.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about +14.3% a year for the price.
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Peer Groupⓘ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.Insurance - Property & Casualty · 116 stocks
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Is UNITED OVERSEAS INSURANCE LTD (U13) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 7.85 SGD versus a price of 8.41 SGD, about −7% upside (fairly valued).
What is the fair value of U13?
Our model-based fair value for UNITED OVERSEAS INSURANCE LTD is 7.85 SGD (as of Oct 1, 2026), built from audited fundamentals. The current price: 8.41 SGD.
What is the quality score of U13?
UNITED OVERSEAS INSURANCE LTD has a Quality Score of 74/100. 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 INSURANCE LTD (U13)?
Our model-based price target is the fair value of 7.85 SGD (as of Oct 1, 2026) from 4 valuation models. Cautious scenario 5.89 SGD, optimistic scenario 9.81 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the UNITED OVERSEAS INSURANCE LTD stock forecast for 2026?
Our models put fair value at 7.85 SGD, about −7% upside versus a price of 8.41 SGD (fairly valued). Cautious scenario 5.89 SGD, optimistic scenario 9.81 SGD. The calculation is refreshed regularly with new filings.
Does UNITED OVERSEAS INSURANCE LTD pay a dividend?
UNITED OVERSEAS INSURANCE LTD currently shows a dividend yield of about 2.39% relative to its recent price (as of Oct 1, 2026).
What growth is priced into UNITED OVERSEAS INSURANCE LTD (U13)?
For today's price to be fair in a discounted-cash-flow model, UNITED OVERSEAS INSURANCE LTD would have to grow free cash flow by +16.7 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -34.2 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of U13 use?
Our models discount UNITED OVERSEAS INSURANCE LTD at 9.6 %: a base by market capitalisation (small), damped by beta 0.04, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For UNITED OVERSEAS INSURANCE LTD that is +16.7 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has UNITED OVERSEAS INSURANCE LTD (U13) delivered so far?
Over the past 5 years revenue at UNITED OVERSEAS INSURANCE LTD grew -34.2 % a year. The price currently implies +16.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of UNITED OVERSEAS INSURANCE LTD (U13) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into UNITED OVERSEAS INSURANCE LTD (+16.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of UNITED OVERSEAS INSURANCE LTD (U13)?
The free-cash-flow yield on the price is 3.00 %: that much free cash flow UNITED OVERSEAS INSURANCE LTD produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of UNITED OVERSEAS INSURANCE LTD (U13)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For UNITED OVERSEAS INSURANCE LTD it is 7.85 SGD per share (as of Oct 1, 2026), against a price of 8.41 SGD. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is UNITED OVERSEAS INSURANCE LTD stock overvalued or undervalued in 2026?
As of Oct 1, 2026, U13 trades above its calculated fair value: price 8.41 SGD, fair value 7.85 SGD, a gap of about −7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of U13?
No. The price is what the market pays today (8.41 SGD); the fair value is what the company's own numbers justify (7.85 SGD). For UNITED OVERSEAS INSURANCE LTD the two are 0.5600 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is UNITED OVERSEAS INSURANCE LTD worth?
The market values UNITED OVERSEAS INSURANCE LTD at about 514M SGD (market capitalisation, as of Oct 1, 2026). Per share that is 8.41 SGD; our models calculate a fair value of 7.85 SGD per share.
What do the bullish and bearish scenarios say about U13?
Our models span a range for UNITED OVERSEAS INSURANCE LTD: cautious scenario 5.89 SGD, base 7.85 SGD, optimistic 9.81 SGD per share (as of Oct 1, 2026, price 8.41 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of U13?
UNITED OVERSEAS INSURANCE LTD trades at a price-to-earnings ratio of 13.8 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.85 SGD is built from several models across several years. Other multiples: PEG 1.0, P/B 1.0, P/S 4.0, EV/EBITDA 13.3.
What is the PEG ratio of U13?
The PEG ratio of UNITED OVERSEAS INSURANCE LTD is 0.96 (P/E divided by earnings growth, as of Oct 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of UNITED OVERSEAS INSURANCE LTD (U13)?
Balance-sheet figures for UNITED OVERSEAS INSURANCE LTD (as of Oct 1, 2026): return on equity 7.0%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is U13 from its 52-week high?
UNITED OVERSEAS INSURANCE LTD trades at 8.41 SGD, about 5% below its 52-week high of 8.81 SGD and 15% above the low of 7.33 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 7.85 SGD is for.
Which stocks are comparable to UNITED OVERSEAS INSURANCE LTD?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, The Travelers Companies, Inc, The Allstate Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is UNITED OVERSEAS INSURANCE LTD stock attractive at the current price?
The data as of Oct 1, 2026: price 8.41 SGD, calculated fair value 7.85 SGD (−7%), Quality Score 74/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of U13 calculated?
We run UNITED OVERSEAS INSURANCE LTD through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 7.85 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. UNITED OVERSEAS INSURANCE LTD itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of UNITED OVERSEAS INSURANCE LTD (U13)?
The closing price on Oct 1, 2026 was 8.41 SGD. Our model-based fair value is 7.85 SGD, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with UNITED OVERSEAS INSURANCE LTD right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of UNITED OVERSEAS INSURANCE LTD
How large is the market capitalisation of UNITED OVERSEAS INSURANCE LTD (U13)?
The market capitalisation of UNITED OVERSEAS INSURANCE LTD is 514M SGD (≈ $401M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of UNITED OVERSEAS INSURANCE LTD (U13)?
The price-to-sales ratio of UNITED OVERSEAS INSURANCE LTD is 32.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of UNITED OVERSEAS INSURANCE LTD (U13)?
Earnings per share at UNITED OVERSEAS INSURANCE LTD are 0.6100 SGD (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of UNITED OVERSEAS INSURANCE LTD (U13)?
The dividend yield of UNITED OVERSEAS INSURANCE LTD is 2.4% (payout 33.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of UNITED OVERSEAS INSURANCE LTD (U13)?
The net margin of UNITED OVERSEAS INSURANCE LTD is 27.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of UNITED OVERSEAS INSURANCE LTD (U13)?
The return on equity (ROE) of UNITED OVERSEAS INSURANCE LTD is 7.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of UNITED OVERSEAS INSURANCE LTD (U13)?
On an EBIT basis the return on assets of UNITED OVERSEAS INSURANCE LTD is 5.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of UNITED OVERSEAS INSURANCE LTD (U13)?
The operating margin of UNITED OVERSEAS INSURANCE LTD is 19.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at UNITED OVERSEAS INSURANCE LTD (U13)?
Revenue at UNITED OVERSEAS INSURANCE LTD is growing −19.9% versus a year earlier (3y avg −42.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at UNITED OVERSEAS INSURANCE LTD (U13)?
Earnings per share at UNITED OVERSEAS INSURANCE LTD are growing +28.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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