Financials Ecobank Ghana Plc

Equities

EGH

GH0000000680

Banks

End-of-day quote Ghana S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.1 GHS 0.00% Intraday chart for Ecobank Ghana Plc 0.00% +10.91%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,419 2,609 2,322 2,451 2,142 1,774
Enterprise Value (EV) 1 46.12 654.5 -978.2 -818.7 -2,517 -6,921
P/E ratio 6.83 x 5.87 x 4.24 x 4.22 x -133 x 2.81 x
Yield - 3.71% 7.64% 8.16% - -
Capitalization / Revenue 2.05 x 1.91 x 1.39 x 1.33 x 1.7 x 0.51 x
EV / Revenue 0.04 x 0.48 x -0.59 x -0.45 x -1.99 x -1.97 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.82 x 1.46 x 0.95 x 0.91 x 0.79 x 0.48 x
Nbr of stocks (in thousands) 322,551 322,521 322,551 322,551 322,551 322,551
Reference price 2 7.500 8.090 7.200 7.600 6.640 5.500
Announcement Date 5/10/19 7/18/20 6/1/21 12/9/22 5/24/23 3/28/24
1GHS in Million2GHS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,178 1,369 1,668 1,837 1,263 3,504
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 506.3 642.5 782.2 893.7 -27.22 985.2
Net income 1 340 444.8 549.9 581.9 -15.32 632.6
Net margin 28.85% 32.49% 32.96% 31.67% -1.21% 18.05%
EPS 2 1.098 1.379 1.700 1.800 -0.0500 1.960
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 0.3000 0.5500 0.6200 - -
Announcement Date 5/10/19 7/18/20 6/1/21 12/9/22 5/24/23 3/28/24
1GHS in Million2GHS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,373 1,955 3,301 3,270 4,659 8,695
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 28.8% 28.6% 26% 22.7% -0.57% 19.9%
ROA (Net income/ Total Assets) 3.48% 3.76% 3.77% 3.44% -0.07% 2.12%
Assets 1 9,776 11,839 14,590 16,938 21,951 29,782
Book Value Per Share 2 4.110 5.530 7.590 8.320 8.390 11.40
Cash Flow per Share 2 5.500 5.300 8.980 4.920 11.20 26.90
Capex 1 18.4 19.9 27.2 17.3 35.7 48.8
Capex / Sales 1.56% 1.45% 1.63% 0.94% 2.83% 1.39%
Announcement Date 5/10/19 7/18/20 6/1/21 12/9/22 5/24/23 3/28/24
1GHS in Million2GHS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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