Financials The Co-operative Bank of Kenya Limited

Equities

COOP

KE1000001568

Banks

End-of-day quote Nairobi S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
13.5 KES -1.10% Intraday chart for The Co-operative Bank of Kenya Limited +1.50% +18.42%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 95,928 73,340 75,980 72,166 66,886 79,207 -
Enterprise Value (EV) 1 95,928 73,340 75,980 72,166 66,886 79,207 79,207
P/E ratio 6.59 x 6.31 x 4.54 x - - - -
Yield 6.12% 8% 7.72% 8.13% - 13.5% 15.2%
Capitalization / Revenue 1.98 x 1.36 x 1.26 x 1.01 x 0.93 x 0.89 x 0.77 x
EV / Revenue 1.98 x 1.36 x 1.26 x 1.01 x 0.93 x 0.89 x 0.77 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.17 x 0.81 x 0.76 x 0.67 x - 0.56 x 0.48 x
Nbr of stocks (in thousands) 5,867,180 5,867,180 5,867,180 5,867,180 5,867,180 5,867,180 -
Reference price 2 16.35 12.50 12.95 12.30 11.40 13.50 13.50
Announcement Date 3/19/20 3/23/21 3/16/22 3/15/23 3/21/24 - -
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 48,460 53,830 60,433 71,255 71,693 88,791 102,944
EBITDA - - - - - - -
EBIT 1 23,205 22,544 30,273 20,334 38,026 47,046 53,515
Operating Margin 47.88% 41.88% 50.09% 28.54% 53.04% 52.99% 51.98%
Earnings before Tax (EBT) 20,706 14,282 22,649 - - - -
Net income 14,311 10,813 16,544 - - - -
Net margin 29.53% 20.09% 27.38% - - - -
EPS 2.480 1.980 2.850 - - - -
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 1.000 1.000 1.000 1.000 - 1.825 2.050
Announcement Date 3/19/20 3/23/21 3/16/22 3/15/23 3/21/24 - -
1KES in Million2KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 19.2% 12.7% 17.3% 21.2% - 21.9% 21.8%
ROA (Net income/ Total Assets) 3.29% 2.18% 3% 3.71% - 3.8% 3.9%
Assets 435,217 496,003 551,463 - - - -
Book Value Per Share 1 13.90 15.50 17.00 18.30 - 24.00 28.00
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 3/19/20 3/23/21 3/16/22 3/15/23 3/21/24 - -
1KES
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
13.5 KES
Average target price
15.9 KES
Spread / Average Target
+17.80%
Consensus

Annual profits - Rate of surprise

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