Financials Stanbic IBTC Holdings PLC

Equities

STANBIC

NGSTANBIC003

Banks

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
49.5 NGN +10.00% Intraday chart for Stanbic IBTC Holdings PLC -1.00% -28.93%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 430,705 489,221 466,452 433,412 902,455 641,371 - -
Enterprise Value (EV) 1 430,705 489,221 466,452 433,412 902,455 641,371 641,371 641,371
P/E ratio 5.92 x 6.04 x 8.57 x 5.53 x 6.56 x 5.34 x 4.02 x 3.56 x
Yield 7.32% 9.08% 8.33% 10.5% - 10.2% 13.4% 14.1%
Capitalization / Revenue 2.31 x 2.46 x 2.73 x 1.8 x 2.54 x 1.71 x 1.45 x 1.19 x
EV / Revenue 2.31 x 2.46 x 2.73 x 1.8 x 2.54 x 1.71 x 1.45 x 1.19 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.45 x 1.32 x 1.27 x 1.08 x 1.81 x 1.18 x 0.94 x 0.9 x
Nbr of stocks (in thousands) 12,255,836 12,957,040 12,956,997 12,956,997 12,956,997 12,956,997 - -
Reference price 2 35.14 37.76 36.00 33.45 69.65 49.50 49.50 49.50
Announcement Date 1/29/20 1/29/21 1/28/22 1/30/23 1/30/24 - - -
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 186,586 198,924 171,160 240,447 355,166 374,475 443,324 538,872
EBITDA - - - - - - - -
EBIT 1 - 104,652 67,246 110,889 188,359 178,786 205,383 -
Operating Margin - 52.61% 39.29% 46.12% 53.03% 47.74% 46.33% -
Earnings before Tax (EBT) 1 90,925 94,717 66,021 100,599 172,907 156,312 207,348 236,830
Net income 1 72,662 80,939 54,396 78,373 137,582 121,069 160,467 180,273
Net margin 38.94% 40.69% 31.78% 32.59% 38.74% 32.33% 36.2% 33.45%
EPS 2 5.931 6.249 4.200 6.050 10.62 9.275 12.30 13.91
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.571 3.429 3.000 3.500 - 5.062 6.625 7.000
Announcement Date 1/29/20 1/29/21 1/28/22 1/30/23 1/30/24 - - -
1NGN in Million2NGN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1
Net sales - - -
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 14,344 15,601 30,669
Net margin - - -
EPS 1.110 - -
Dividend per Share - - -
Announcement Date 4/22/22 8/30/22 8/30/22
1NGN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 27.3% 24.3% 14.7% 20.4% 30.6% 23.8% 26.5% 27.6%
ROA (Net income/ Total Assets) 4.2% 3.71% 2.08% 2.71% 3.37% 2.4% 2.85% 2.9%
Assets 1 1,730,048 2,181,409 2,616,576 2,890,041 4,087,646 5,044,531 5,630,412 6,216,310
Book Value Per Share 2 24.20 28.60 28.40 30.90 38.60 42.00 52.50 54.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/29/20 1/29/21 1/28/22 1/30/23 1/30/24 - - -
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
49.5 NGN
Average target price
60.94 NGN
Spread / Average Target
+23.11%
Consensus

Annual profits - Rate of surprise

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