Stock UMEM UMEME LIMITED
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Company Umeme Limited

Equities

UMEM

UG0000001145

Electric Utilities

End-of-day quote UGANDA SECURITIES EXCHANGE
Other stock markets
 06:00:00 2024-04-24 pm EDT 		5-day change 1st Jan Change
460 UGX +0.44% Intraday chart for Umeme Limited +2.22% +15.00%
Mar. 25 Umeme Limited Reports Earnings Results for the Full Year Ended December 31, 2023 CI
2023 Umeme Limited Reports Earnings Results for the Half Year Ended June 30, 2023 CI

Business Summary

Umeme Limited is a Uganda-based electricity distribution company. The Company's business activities include electricity distribution, electricity supply, and service after sales. Electricity distribution entails operation, maintenance, and upgrading of the electricity distribution network not exceeding 33 kilovolts (KV) within the authorized territory in Uganda. Electricity supply and service after sales entails connection with new customers, meter reading, billing customers, revenue collection, addressing customer queries, restoration of power interruptions, general customer care, customer sensitization on energy efficiency and marketing available power to customers. Yaka is its pre-paid metering system. The Company has seven completed projects in Uganda. The Company's customers are categorized into domestic households, commercial enterprises, street lighting and industrial consumers. The Company's operations are restricted to the distribution of electricity to consumers in Uganda.

Number of employees: 2,510

Sales per Business

UGX in Million2021Weight2022Weight Delta
Domestic Electricity
29.2 %
505,518 26.8 % 551,336 29.2 % +9.06%
Large Industrial Electricity
21.7 %
360,557 19.1 % 410,137 21.7 % +13.75%
Extra-large Industrial Electricity
17.2 %
316,033 16.8 % 324,862 17.2 % +2.79%
Medium Industrial Electricity
15.2 %
293,577 15.6 % 286,600 15.2 % -2.38%
Commercial Electricity
13.5 %
234,541 12.4 % 254,900 13.5 % +8.68%
Construction Revenue - Construction of Assets
4.7 %
64,371 3.4 % 89,457 4.7 % +38.97%
Reconciling Items
-2.1 %
103,595 5.5 % -39,740 -2.1 % -138.36%
Inspection Fees
0.3 %
4,678 0.2 % 5,997 0.3 % +28.20%
Fines and Other
0.1 %
1,182 0.1 % 2,786 0.1 % +135.70%
Street Lighting
0.0 %
665 0.0 % 813 0.0 % +22.26%
Reconnection Fees
0.0 %
183 0.0 % 126 0.0 % -31.15%
Scrap and Other
0.0 %
57 0.0 % 52 0.0 % -8.77%

Sales per region

UGX in Million2021Weight2022Weight Delta
Uganda
100.0 %
1,885,018 100.0 % 1,887,326 100.0 % +0.12%

Managers

Managers TitleAgeSince
Selestino Babungi CEO
 Chief Executive Officer 46 05-12-31
Andrew Oyie DFI
 Director of Finance/CFO - 21-09-30
Nelson Bagenda CTO
 Chief Tech/Sci/R&D Officer - -
Florence Nsubuga COO
 Chief Operating Officer - 11-12-31
Simbiso Chimbima CTO
 Chief Tech/Sci/R&D Officer - 11-07-31
Fred Machage HRO
 Human Resources Officer - 18-08-31
Ruth Mutebe AUD
 Comptroller/Controller/Auditor - 18-06-30
Blessing Nshaho LAW
 General Counsel - 18-07-31

Members of the board

Members of the board TitleAgeSince
Patrick Bitature CHM
 Chairman 63 07-08-31
Selestino Babungi CEO
 Chief Executive Officer 46 05-12-31
Florence Nsubuga COO
 Chief Operating Officer - 11-12-31
Gerald Ssendaula BRD
 Director/Board Member - 13-11-13
Florence Mawejje BRD
 Director/Board Member - 16-03-31
Andrew Buglass BRD
 Director/Board Member 52 17-06-19
Anthony Charles Marsh BRD
 Director/Board Member 64 17-06-19
Riccardo Ridolfi BRD
 Director/Board Member - 18-05-16
Stephen Emasu BRD
 Director/Board Member - 18-05-16
Johan de Bruijn BRD
 Director/Board Member - 20-03-22

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,623,878,005 1,290,448,658 ( 79.47 %) 0 79.47 %

Shareholders

NameEquities%Valuation
National Social Security Fund Uganda
23.33 %
378,933,288 23.33 % 42 M UGX
Allan Gray (Pty) Ltd.
14.82 %
240,654,523 14.82 % 27 M UGX
The Rock Creek Group LP
8.900 %
144,564,483 8.900 % 16 M UGX
ICM Investment Management Ltd.
8.361 %
135,806,572 8.361 % 15 M UGX
Coronation Asset Management (Pty) Ltd.
7.804 %
126,759,671 7.804 % 14 M UGX
International Finance Corp. (Investment Company)
2.784 %
45,220,900 2.784 % 5 M UGX
Oddo BHF Asset Management GmbH
2.777 %
45,100,000 2.777 % 5 M UGX
Conrad N. Hilton Foundation (Investment Management)
1.929 %
31,327,420 1.929 % 4 M UGX
Vanderbilt University Office of Investments
1.900 %
30,867,324 1.900 % 3 M UGX
Duet Asset Management Ltd.
0.4314 %
7,006,850 0.4314 % 783 366 UGX

Company contact information

Umeme Ltd.

Rwenzori House Plot 1 Lumumba Avenue

, Kampala

+

http://www.umeme.co.ug
address Umeme Limited(UMEM)

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Other Electric Utilities

Sales per Business

Ratings for Umeme Limited

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
460 UGX
Average target price
589.6 UGX
Spread / Average Target
+28.18%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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