Company Valuation: Standard Bank Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 202,206 222,440 276,597 345,043 366,423 507,878 507,878 -
Change - 10.01% 24.35% 24.75% 6.2% 38.6% 0% -
Enterprise Value (EV) 202,206 222,440 276,597 345,043 366,423 507,878 507,878 507,878
Change - 10.01% 24.35% 24.75% 6.2% 38.6% 0% 0%
P/E ratio 16.4x 9x 8.01x 7.9x 8.47x 10.7x 9.75x 8.8x
PBR 1.07x 1.12x 1.26x 1.46x 1.45x 1.9x 1.73x 1.58x
PEG - 0x 0.2x 0.3x -13.05x 0.9x 1.04x 0.8x
Capitalization / Revenue 1.86x 1.96x 2.07x 1.94x 2.02x 2.83x 2.56x 2.39x
EV / Revenue 0x 0x 0x 0x 0x 2.83x 2.56x 2.39x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.86x 5.51x 4.96x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.4 8.71 12.07 14.23 15.07 16.66 18.39 20.25
Rate of return 1.89% 6.22% 7.19% 6.84% 6.8% 5.31% 5.86% 6.46%
EPS 2 7.75 15.55 20.96 26.35 26.18 29.43 32.18 35.66
Distribution rate 31% 56% 57.6% 54% 57.6% 56.6% 57.1% 56.8%
Net sales 1 108,581 113,556 133,354 177,616 181,729 179,665 198,034 212,850
EBITDA - - - - - - - -
EBIT 1 44,346 50,295 60,080 65,442 82,343 86,741 92,178 102,350
Net income 1 12,358 24,865 34,637 44,211 43,727 48,773 52,989 57,653
Net Debt - - - - - - - -
Reference price 2 127.08 140.01 167.79 208.10 221.76 313.72 313.72 313.72
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 -
Announcement Date 3/11/21 3/11/22 3/8/23 3/14/24 3/13/25 - - -
1ZAR in Million2ZAR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.66x - - 5.31% 31.81B
6.04x - - 5.16% 322B
20.28x - - 0.85% 112B
16.38x - - 4.16% 86.98B
8.05x - - 6.44% 63.81B
6.13x - - 4.97% 57.28B
5.14x - - 5.73% 56.64B
14.62x - - 4.63% 52.64B
10.34x - - 4.02% 51.01B
Average 10.85x 4.59% 92.67B
Weighted average by Cap. 10.11x 4.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Standard Bank Group Limited