United Bankshares Inc

Finance
Major Banks
www.ubsi-inc.com

Earnings Score
Safety Score

Market Cap $5.18B
PE 15
Debt $442.24M
Cash $1.91B
EV $3.71B
FCF $459.21M

Earnings

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Sales & Net Margins

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Earnings	$357.17M
EBIT	$447.72M
ROE	7%
ROA	1%
FCF	$459.21M
Equity	$4.97B
Growth Stability	100%
PE	14.5
PEG	1.62
PB	1.04
P/FCF	11.28
Price/Cash	0.37
Debt/Equity	0.09
Debt/FCF	0.96
Earnings CAGR	15%
Sales CAGR	0%
FCF CAGR	17%
Equity CAGR	12%
Earnings Stability	0.87
Earnings Growth YoY	-1%
Earnings Growth QoQ	-1%

Earnings CAGR 5Y	9%
Sales CAGR 5Y	0%
FCF CAGR 5Y	36%
Equity CAGR 5Y	6%
FCF CAGR 3Y	-21%
Equity CAGR 3Y	3%
Market Cap	$5.18B
Dividend Yield	4%
Payout Ratio	56%
Assets	$29.86B
Total Debt	$442.24M
Cash	$1.91B
Shares Outstanding	134.91M
EV	3.71B
Earnings Score	94%
Safety Score	97%
Shares Growth 3y	1%
Equity Growth QoQ	2%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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United Bankshares Inc is a financial holding company that provides banking services. The company operates in two segments: Community banking, which accepts deposits, makes loans (for personal, credit card, commercial, and construction uses), provides brokerage services, safe deposit boxes, and related services; and Mortgage banking, which offers and acquires home mortgages through an indirectly owned subsidiary. Nearly all revenue comes from the community banking segment.

SEC Filings

Direct access to United Bankshares Inc (UBSI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does United Bankshares Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of United Bankshares Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 15%

Stability 87%

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United Bankshares Inc Discounted Cash Flow

Fully customizable DCF calculator online for United Bankshares Inc.

Years

Calculation mode

= $15B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$459M	$539M	$632M	$741M	$869M	$1B	$1.2B	$1.4B	$1.6B	$1.9B	$2.3B	$23B
DCF		$490M	$522M	$557M	$594M	$633M	$675M	$720M	$768M	$819M	$873M	$8.7B
Value	$15B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	107%	94%	110%	111%	121%	-	-
ROA	-	2%	1%	2%	2%	1%	2%	2%	2%	1%
ROE	-	7%	5%	8%	8%	7%	8%	8%	8%	7%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	8.45	6.85	5.84	14.37	8.29	1.59	3.17	4.69	0.96
Debt over Equity	0.78	0.62	0.51	0.52	0.58	0.23	0.2	0.52	0.42	0.09
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (0.96)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.09)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	15%	-5%	26%	-6%	-	0%
Earnings YoY growth	-	7%	2%	70%	1%	11%	27%	3%	-3%	9%
Equity YoY growth	-	31%	45%	0%	3%	28%	10%	-4%	6%	6%
FCF YoY growth	-	-6%	47%	20%	-52%	-11%	389%	25%	-43%	36%