Projected Income Statement: Standard Bank Group Limited

Forecast Balance Sheet: Standard Bank Group Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 3/11/21 3/11/22 3/8/23 3/14/24 3/13/25 - - -
Estimates

Cash Flow Forecast: Standard Bank Group Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024
CAPEX 1 7,424 5,008 2,981 3,695 5,522 3,851
Change - -32.54% -40.48% 23.95% 49.45% -30.26%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 4/23/20 3/11/21 3/11/22 3/1/23 3/13/24 3/13/25
1ZAR in Million
Estimates

Forecast Financial Ratios: Standard Bank Group Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 40.84% 44.29% 45.05% 36.84% 45.31% 48.28% 46.55% 48.09%
EBT Margin (%) - 19.23% 36.31% 41.19% 39.27% 39.57% 40.08% 39.43% 40.12%
Net margin (%) - 11.38% 21.9% 25.97% 24.89% 24.06% 27.15% 26.76% 27.09%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 0.66% 0.95% 1.23% 1.49% 1.38% 1.6% 1.65% 1.7%
ROE - 8.59% 13.5% 16.57% 19.5% 18.5% 18.73% 18.99% 19.25%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 2.4 8.71 12.07 14.23 15.07 16.66 18.39 20.25
Change - - 262.92% 38.58% 17.9% 5.9% 10.58% 10.34% 10.15%
Book Value Per Share 1 - 118.6 125 133.6 142.7 152.8 165.4 181.4 198.1
Change - - 5.38% 6.92% 6.79% 7.09% 8.23% 9.67% 9.22%
EPS 1 - 7.75 15.55 20.96 26.35 26.18 29.43 32.18 35.66
Change - - 100.66% 34.75% 25.75% -0.65% 12.42% 9.36% 10.8%
Nbr of stocks (in thousands) - 1,591,174 1,588,743 1,648,470 1,658,062 1,652,340 1,618,889 1,618,889 1,618,889
Announcement Date - 3/11/21 3/11/22 3/8/23 3/14/24 3/13/25 - - -
1ZAR
Estimates
2025 *2026 *
P/E ratio 10.7x 9.75x
PBR 1.9x 1.73x
EV / Sales 2.83x 2.56x
Yield 5.31% 5.86%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
313.72ZAR
Average target price
307.41ZAR
Spread / Average Target
-2.01%

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. SBK Stock
  4. Financials Standard Bank Group Limited