A Business at a Glance
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UNITED BANCORP INC /OH/
UBCP
$87M
Mkt Cap
$15.87
+2.29%
UNITED BANCORP INC /OH/ (UBCP) has a current P/E ratio of 12.1, compared to its historical median P/E of 8.8. The stock is currently considered Expensive based on its historical valuation range.
UNITED BANCORP INC /OH/ (UBCP) has a 5-year average return on invested capital (ROIC) of 12.3%. This indicates solid capital allocation.
UNITED BANCORP INC /OH/ (UBCP) has a market capitalization of $87M. It is classified as a small-cap stock.
Yes, UNITED BANCORP INC /OH/ (UBCP) pays a dividend with a trailing twelve-month yield of 6.27%. The company also returns capital through share buybacks, with a buyback yield of 0.36%.
Based on historical P/E analysis, UNITED BANCORP INC /OH/ (UBCP) appears expensive. The current P/E of 12.1 is 37% above its historical median of 8.8. The estimated fair value CAGR (P/E method) is 4.4%.
UNITED BANCORP INC /OH/ (UBCP) operates in the State Commercial Banks industry, within the Financials sector.
UNITED BANCORP INC /OH/ (UBCP) reported annual revenue of $42 million in its most recent fiscal year, based on SEC EDGAR filings.
United Bancorp, Inc. (Company) is a bank holding company headquartered in Martins Ferry, Ohio. The Company is an Ohio corporation which filed its initial articles of incorporation on July 8, 1983. At December 31, 2024 the Company has one wholly-owned subsidiary bank, Unified Bank, Martins Ferry, Ohio (Unified, or the Bank). The Company serves customers in northeastern, eastern, southeastern and south central Ohio and the Northern panhandle of West Virginia and is engaged in the business of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. The bank also operates in Marshall County West Virginia. The Bank provides a broad range of banking and financial services, which includes accepting demand, savings and time deposits and granting commercial, real estate and consumer loans.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 42M | 42M | 40M | 37M | 28M | 25M |
| Net Income | 7.4M | 7.4M | 7.1M | 8.6M | 8.3M | 8.9M |
| EPS | $1.34 | $1.34 | $1.27 | $1.57 | $1.50 | $1.62 |
| Free Cash Flow | -1.3M | -1.3M | -1.2M | 8.4M | 8.0M | 7.4M |
| ROIC | 10.1% | 11.0% | 11.1% | 13.9% | 12.6% | 12.7% |
| Gross Margin | 0.0% | 0.0% | - | - | - | - |
| Debt/Equity | 0.04 | 0.04 | 0.05 | 0.04 | 0.00 | 9.10 |
| Dividends/Share | $1.00 | $0.92 | $0.86 | $0.82 | $0.78 | $0.69 |
| Operating Income | 695K | 695K | 7.3M | 9.5M | 9.5M | 530K |
| Operating Margin | 1.6% | 1.6% | 18.3% | 25.5% | 34.0% | 2.1% |
| ROE | 10.5% | 11.0% | 11.1% | 13.9% | 12.6% | 12.7% |
| Shares Outstanding | 6M | 6M | 6M | 5M | 6M | 5M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 20M | 20M | 20M | 21M | 25M | 31M | 28M | 25M | 28M | 37M | 40M | 42M | 42M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 6.6M | 6.4M | 7.0M | 7.2M | 8.0M | 8.8M | 9.3M | 9.7M | 10M | 10M | 10M | 12M | 12M |
| EBIT | 414K | 397K | 527K | 381K | 409K | 458K | 856K | 530K | 9.5M | 9.5M | 7.3M | 695K | 695K |
| Op. Margin | 2.1% | 2.0% | 2.6% | 1.8% | 1.6% | 1.5% | 3.0% | 2.1% | 34.0% | 25.5% | 18.3% | 1.6% | 1.6% |
| Net Income | 2.6M | 3.2M | 3.5M | 3.4M | 4.1M | 6.6M | 7.6M | 8.9M | 8.3M | 8.6M | 7.1M | 7.4M | 7.4M |
| Net Margin | 12.9% | 15.9% | 17.5% | 16.3% | 16.3% | 21.2% | 26.5% | 35.2% | 29.5% | 23.1% | 17.7% | 17.5% | 17.5% |
| Non-Recurring | 30K | 42K | 97K | 98K | 0 | 8K | 180K | 272K | 36K | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.6% | 7.7% | 8.4% | 7.9% | 8.6% | 10.1% | 10.2% | 12.7% | 12.6% | 13.9% | 11.1% | 11.0% | 10.1% |
| ROE | 6.6% | 7.7% | 8.4% | 7.9% | 8.6% | 11.9% | 11.8% | 12.7% | 12.6% | 13.9% | 11.1% | 11.0% | 10.5% |
| ROA | 0.7% | 0.8% | 0.8% | 0.8% | 0.8% | 1.0% | 1.1% | 1.3% | 1.1% | 1.1% | 0.9% | 0.9% | 0.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 4.2M | 4.3M | 4.2M | 4.6M | 5.8M | 8.6M | 9.4M | 8.2M | 8.5M | 9.5M | 8.4M | 10M | 10M |
| Free Cash Flow | 3.9M | 3.0M | 1.9M | 3.8M | 5.0M | 7.3M | 6.9M | 7.4M | 8.0M | 8.4M | -1.2M | -1.3M | -1.3M |
| Owner Earnings | 3.1M | 3.2M | 3.2M | 3.5M | 4.5M | 7.3M | 7.9M | 6.6M | 6.5M | 7.8M | 6.5M | 8.9M | 8.9M |
| CapEx | 309K | 1.3M | 2.3M | 782K | 785K | 1.3M | 2.5M | 777K | 511K | 1.1M | 9.7M | 12M | 12M |
| Maint. CapEx | 960K | 934K | 819K | 918K | 974K | 1.0M | 1.2M | 1.1M | 1.0M | 997K | 1.1M | 1.2M | 1.2M |
| Growth CapEx | 0 | 376K | 1.4M | 0 | 0 | 296K | 1.4M | 0 | 0 | 84K | 8.6M | 11M | 11M |
| D&A | 960K | 934K | 819K | 918K | 974K | 1.0M | 1.2M | 1.1M | 1.0M | 997K | 1.1M | 1.2M | 1.2M |
| CapEx/OCF | 7.4% | 30.6% | 54.0% | 17.1% | 13.6% | 15.5% | 26.9% | 9.5% | 6.0% | 11.4% | 114.8% | N/A | 112.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 1.8M | 2.3M | 2.5M | 2.8M | 3.2M | 3.2M | 3.4M | 4.1M | 4.6M | 4.8M | 5.1M | 5.5M | 5.5M |
| Dividend Yield | 8.0% | 9.3% | 8.2% | 7.3% | 18569.2% | 7.3% | 7.1% | 6.7% | 6.4% | 8.4% | 8.1% | N/A | 6.3% |
| Share Buybacks | 39K | 19K | 0 | 0 | 0 | 416K | 526K | 72K | 767K | 733K | 687K | 317K | 317K |
| Buyback Yield | 0.2% | 0.1% | N/A | N/A | N/A | 0.7% | 0.9% | 0.1% | 1.1% | 1.1% | 1.0% | 0.0% | 0.4% |
| Stock-Based Comp | 163K | 164K | 147K | 163K | 287K | 293K | 324K | 414K | 1.0M | 658K | 884K | 357K | 357K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -34M | -7.0M | -2.1M | -3.2M | -141M | -177M | N/A | N/A | -248M | -38M | -17M | -44M | -44M |
| Cash & Equiv. | 39M | 13M | 12M | 14M | 25M | 15M | 52M | 83M | 30M | 41M | 20M | 47M | 47M |
| Long-Term Debt | N/A | N/A | N/A | N/A | 0 | 19M | N/A | N/A | N/A | N/A | N/A | N/A | 3.0M |
| Debt/Equity | 0.13 | 0.14 | 0.22 | 0.25 | 0.16 | 0.44 | 9.15 | 9.10 | 0.00 | 0.04 | 0.05 | 0.04 | 0.04 |
| Interest Coverage | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 3.9 | 2.6 | 1.9 | 0.0 | 0.1 |
| Equity | 40M | 41M | 43M | 44M | 51M | 60M | 68M | 72M | 60M | 64M | 63M | 71M | 71M |
| Total Assets | 402M | 405M | 438M | 459M | 593M | 686M | 693M | 724M | 757M | 819M | 817M | 857M | 857M |
| Total Liabilities | 361M | 364M | 395M | 415M | 543M | 626M | 625M | 653M | 698M | 756M | 753M | 787M | 787M |
| Intangibles | 66K | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 20M | 21M | 22M | 23M | 24M | 28M | 32M | 38M | 42M | 44M | 46M | 49M | 49M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 0.53 | 0.64 | 0.71 | 0.71 | 2,015.86 | 1.19 | 1.39 | 1.62 | 1.50 | 1.57 | 1.27 | 1.34 | 1.34 |
| Owner EPS | 0.62 | 0.64 | 0.64 | 0.72 | 2,226.96 | 1.32 | 1.45 | 1.21 | 1.17 | 1.43 | 1.17 | 1.61 | 1.61 |
| Book Value | 8.25 | 8.41 | 8.53 | 9.08 | 25,095.64 | 10.88 | 12.56 | 13.08 | 10.84 | 11.62 | 11.41 | 12.79 | 12.79 |
| Cash Flow/Share | 0.85 | 0.87 | 0.84 | 0.95 | 2,851.83 | 1.56 | 1.72 | 1.49 | 1.54 | 1.73 | 1.52 | 1.90 | 1.56 |
| Dividends/Share | 0.33 | 0.42 | 0.47 | 0.51 | 1,596.13 | 0.55 | 0.57 | 0.69 | 0.78 | 0.82 | 0.86 | 0.92 | 1.00 |
| Shares Out. | 4.9M | 4.9M | 5.0M | 4.8M | 0.0M | 5.5M | 5.4M | 5.5M | 5.5M | 5.5M | 5.6M | 5.5M | 5.5M |
| Valuation | |||||||||||||
| P/E Ratio | 8.8 | 8.8 | 11.9 | 12.3 | 9.8 | 8.8 | 7.2 | 7.9 | 8.1 | 7.2 | 9.6 | N/A | 11.8 |
| P/FCF | 5.9 | 9.4 | 21.9 | 11.1 | 0.0 | 8.0 | 7.9 | 9.4 | 8.4 | 7.4 | N/A | N/A | N/A |
| EV/EBIT | 68.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 63.1 |
| Price/Book | 0.6 | 0.7 | 1.0 | 1.0 | 0.8 | 1.0 | 0.8 | 1.0 | 1.2 | 1.0 | 1.1 | N/A | 1.2 |
| Price/Sales | 1.3 | 1.4 | 1.7 | 2.0 | 2.1 | 1.9 | 2.1 | 2.9 | 3.0 | 2.3 | 2.6 | N/A | 2.1 |
| FCF Yield | 16.6% | 10.4% | 4.5% | 8.7% | 11.9% | 12.1% | 12.0% | 10.0% | 11.4% | 12.9% | -1.8% | N/A | -1.5% |
| Market Cap | 23M | 28M | 43M | 44M | 42M | 60M | 57M | 74M | 70M | 65M | 71M | 0 | 87M |
| Avg. Price | 4.54 | 4.90 | 6.20 | 7.82 | 8.60 | 8.04 | 8.68 | 11.14 | 13.01 | 10.47 | 11.42 | 0.00 | 15.87 |
| Year-End Price | 4.65 | 5.64 | 8.43 | 8.72 | 8.00 | 10.51 | 9.99 | 12.77 | 12.08 | 11.37 | 12.17 | 0.00 | 15.87 |
UNITED BANCORP INC /OH/ passes 3 of 9 quality checks, indicating weak fundamentals.
UNITED BANCORP INC /OH/ trades at 12.1x trailing earnings, compared to its 15-year median P/E of 8.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 43.6x vs a median of 8.2x. The company's 5-year average ROIC is 12.3%. Total shareholder yield (dividends + buybacks) is 6.6%. At current prices, the estimated annualized return to fair value is -11.4%.
UNITED BANCORP INC /OH/ (UBCP) has a net profit margin of 17.5%. This is a healthy margin.
UNITED BANCORP INC /OH/ (UBCP) generated $-1 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
UNITED BANCORP INC /OH/ (UBCP) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
UNITED BANCORP INC /OH/ (UBCP) reported earnings per share (EPS) of $1.34 in its most recent fiscal year.
UNITED BANCORP INC /OH/ (UBCP) has a return on equity (ROE) of 11.0%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for UNITED BANCORP INC /OH/ (UBCP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNITED BANCORP INC /OH/ (UBCP) has a book value per share of $12.79, based on its most recent annual SEC filing.
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