Financials NCBA Group PLC

Equities

NCBA

KE0000000406

Banks

End-of-day quote Nairobi S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
44.05 KES +0.11% Intraday chart for NCBA Group PLC -1.89% +13.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022
Capitalization 1 55,192 44,071 41,517 64,830
Enterprise Value (EV) 1 28,867 -3,902 3,119 24,687
P/E ratio 4.25 x 9.5 x 4.03 x 4.68 x
Yield 4.75% 5.61% 11.9% 10.8%
Capitalization / Revenue 2.44 x 1.72 x 1.14 x 1.37 x
EV / Revenue 1.28 x -0.15 x 0.09 x 0.52 x
EV / EBITDA - - - -
EV / FCF - - - -
FCF Yield - - - -
Price to Book 0.82 x 0.61 x 0.53 x 0.79 x
Nbr of stocks (in thousands) 1,647,520 1,647,520 1,647,520 1,647,520
Reference price 2 33.50 26.75 25.20 39.35
Announcement Date 7/3/20 6/1/21 4/19/22 3/29/23
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 17,171 17,491 22,592 25,672 36,435 47,408
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 7,093 6,734 11,314 4,982 15,035 22,492
Net income 1 5,542 5,003 7,821 4,638 10,299 13,865
Net margin 32.28% 28.6% 34.62% 18.07% 28.27% 29.25%
EPS 2 17.51 6.461 7.880 2.815 6.252 8.416
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 4.491 - 1.591 1.500 3.000 4.250
Announcement Date 9/13/18 7/3/20 7/3/20 6/1/21 4/19/22 3/29/23
1KES in Million2KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 39,907 26,810 26,325 47,973 38,399 40,143
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 19.7% 16.5% 16% 6.54% 13.6% 17.2%
ROA (Net income/ Total Assets) 2.33% 2.04% 2.12% 0.89% 1.83% 2.28%
Assets 1 237,562 245,453 368,956 518,884 563,645 609,200
Book Value Per Share 2 95.20 14.30 40.70 43.90 47.30 50.00
Cash Flow per Share 2 150.0 15.90 31.70 38.90 22.50 28.40
Capex 1 1,203 422 1,314 724 348 534
Capex / Sales 7.01% 2.41% 5.82% 2.82% 0.95% 1.13%
Announcement Date 9/13/18 7/3/20 7/3/20 6/1/21 4/19/22 3/29/23
1KES in Million2KES
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
44.05 KES
Average target price
55.9 KES
Spread / Average Target
+26.89%
Consensus

Annual profits - Rate of surprise

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