# Utilico Emerging Markets Ltd (UEM.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 281p, market value 485 millionp.

## Valuation
- **P/E (trailing): 4.4×** (5-yr avg 2525.6×, 3-yr avg 592.4×). Utilico Emerging Markets Ltd trades at 4.4× trailing earnings, well below its own five-year average of 2525.6×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 4.0×**. Each dollar of revenue is priced at 4.0×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.6×**. Enterprise value is 4.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 5.0%** (5-yr avg 0.0%). Free cash flow equals 5.0% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 22.8%**. The inverse of the P/E: 22.8% of the price is earned each year.

## Profitability
- **Gross margin: 93.1%**. Utilico Emerging Markets Ltd keeps 93.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 87.9%**. 87.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 90.4%**. 90.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 21.0%**. 21.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 18.2%**. Return on all capital, debt included, is 18.2%: comfortably above what that capital costs.
- **Return on assets: 17.2%**. Each dollar of assets produces 17.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 1260.1%** (3-yr 143.7%/yr, 5-yr 0.5%/yr). Revenue grew 1260.1% over the last year, against 0.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 822.3%** (3-yr 189.8%/yr, 5-yr 3.5%/yr). Earnings per share rose 822.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -100.0%/yr**. Free cash flow has compounded at -100.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 14 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 3.44%** (0p per share, trailing). Utilico Emerging Markets Ltd yields 3.44%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 15%** (139% of free cash flow). 15% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.1%/yr** (1-yr 7.1%). The dividend has grown 4.1% a year over five years.
- **Shareholder yield: 11.0%**. Dividends plus net buybacks return 11.0% of the market value a year.

## Price and momentum
- **Total return (1 yr): 12.9%** (YTD 4.1%, 3-mo 1.1%). The shares are up 12.9% over twelve months including dividends.
- **From 52-week high: -13.0%** (15.6% above the low). Trading 13% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.44** (volatility 17%). Beta of 0.44 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=UEM.L · Page: https://foliofundamentals.com/stocks/uem.l

Not investment advice.