NMB BANK PLC |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 4,740 TZS | 0.00% |
|
0.00% | +5.33% |
| Jan. 24 | NMB Bank Plc Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | NMB Bank Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,170,000 | 1,170,000 | 1,170,000 | 1,000,000 | 1,510,000 | 2,250,000 |
| Enterprise Value (EV) 1 | 715,941 | 332,058 | 632,368 | 136,945 | 1,012,398 | 3,080,434 |
| P/E ratio | 11.6 x | 8.09 x | 5.57 x | 3.42 x | 3.5 x | 4.15 x |
| Yield | 2.82% | 4.1% | 5.85% | 9.65% | 9.47% | - |
| Capitalization / Revenue | 2.13 x | 1.87 x | 1.63 x | 1.15 x | 1.36 x | 1.71 x |
| EV / Revenue | 1.3 x | 0.53 x | 0.88 x | 0.16 x | 0.91 x | 2.34 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 1.37 x | 1.21 x | 1.04 x | 0.74 x | 0.9 x | 1.08 x |
| Nbr of stocks (in thousands) | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 |
| Reference price 2 | 2,340 | 2,340 | 2,340 | 2,000 | 3,020 | 4,500 |
| Announcement Date | 6/4/19 | 5/30/20 | 5/19/21 | 5/24/22 | 6/1/23 | 1/24/24 |
1TZS in Million2TZS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 549,458 | 626,374 | 717,865 | 872,549 | 1,110,588 | 1,318,820 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 144,362 | 215,861 | 301,280 | 418,025 | 615,165 | 774,730 |
| Net income 1 | 100,510 | 144,619 | 209,969 | 292,078 | 431,531 | 542,466 |
| Net margin | 18.29% | 23.09% | 29.25% | 33.47% | 38.86% | 41.13% |
| EPS 2 | 201.0 | 289.2 | 419.9 | 584.2 | 863.1 | 1,085 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 66.00 | 96.00 | 137.0 | 193.0 | 286.0 | - |
| Announcement Date | 6/4/19 | 5/30/20 | 5/19/21 | 5/24/22 | 6/1/23 | 1/24/24 |
1TZS in Million2TZS
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 830,434 |
| Net Cash position 1 | 454,059 | 837,942 | 537,632 | 863,055 | 497,602 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 12.2% | 15.9% | 20% | 23.5% | 28.4% | 28.7% |
| ROA (Net income/ Total Assets) | 1.81% | 2.39% | 3.12% | 3.71% | 4.56% | 4.84% |
| Assets 1 | 5,563,181 | 6,041,903 | 6,727,404 | 7,868,269 | 9,454,898 | 11,200,107 |
| Book Value Per Share 2 | 1,707 | 1,931 | 2,254 | 2,701 | 3,372 | 4,173 |
| Cash Flow per Share 2 | 1,685 | 2,427 | 1,781 | 2,769 | 2,555 | 1,101 |
| Capex 1 | 25,530 | 12,649 | 18,755 | 11,286 | 20,690 | 40,772 |
| Capex / Sales | 4.65% | 2.02% | 2.61% | 1.29% | 1.86% | 3.09% |
| Announcement Date | 6/4/19 | 5/30/20 | 5/19/21 | 5/24/22 | 6/1/23 | 1/24/24 |
1TZS in Million2TZS
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
4,740
TZS
Average target price
5,603
TZS
Spread / Average Target
+18.21%
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.33% | 916M | |
| +13.63% | 555B | |
| +11.52% | 295B | |
| +10.73% | 247B | |
| +21.50% | 209B | |
| +18.12% | 172B | |
| +9.89% | 165B | |
| +7.76% | 156B | |
| +0.01% | 139B | |
| -10.35% | 139B |
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