Kenyan (NSE) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies56
- 7D-0.5%
- 3M16.4%
- 1Y2.4%
- YTD16.4%
In the last week, the market has stayed flat, however the Energy sector stood out, gaining 13%. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 5.9% annually.
Market Valuation and Performance
Has the Kenyan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | KSh1.6t | KSh1.7t | KSh285.7b | 4.7x | 5.7x | 1x |
| Sat, 30 Mar 2024 | KSh1.7t | KSh1.7t | KSh289.0b | 5.5x | 6x | 1x |
| Mon, 26 Feb 2024 | KSh1.4t | KSh1.7t | KSh286.3b | 5.2x | 4.9x | 0.8x |
| Wed, 24 Jan 2024 | KSh1.4t | KSh1.7t | KSh289.7b | 5.4x | 4.8x | 0.8x |
| Fri, 22 Dec 2023 | KSh1.4t | KSh1.7t | KSh290.0b | 4.8x | 4.7x | 0.8x |
| Sun, 19 Nov 2023 | KSh1.4t | KSh1.7t | KSh287.9b | 5.3x | 4.8x | 0.8x |
| Tue, 17 Oct 2023 | KSh1.4t | KSh1.6t | KSh286.7b | 5.2x | 5x | 0.9x |
| Thu, 14 Sep 2023 | KSh1.5t | KSh1.6t | KSh286.3b | 6x | 5.2x | 0.9x |
| Sat, 12 Aug 2023 | KSh1.6t | KSh1.6t | KSh288.0b | 6.2x | 5.5x | 1x |
| Mon, 10 Jul 2023 | KSh1.7t | KSh1.6t | KSh289.6b | 5.6x | 5.9x | 1.1x |
| Wed, 07 Jun 2023 | KSh1.6t | KSh1.6t | KSh282.7b | 4.9x | 5.7x | 1x |
| Fri, 05 May 2023 | KSh1.6t | KSh1.6t | KSh288.3b | 5.1x | 5.5x | 1x |
| Sun, 02 Apr 2023 | KSh1.7t | KSh1.5t | KSh285.8b | 4.8x | 6.1x | 1.1x |
| Tue, 28 Feb 2023 | KSh1.9t | KSh1.5t | KSh283.8b | 5.1x | 6.8x | 1.3x |
| Thu, 26 Jan 2023 | KSh1.9t | KSh1.5t | KSh283.3b | 5.3x | 6.8x | 1.3x |
| Sat, 24 Dec 2022 | KSh2.0t | KSh1.5t | KSh286.2b | 4.9x | 6.9x | 1.3x |
| Mon, 21 Nov 2022 | KSh2.0t | KSh1.5t | KSh273.4b | 6.2x | 7.3x | 1.3x |
| Wed, 19 Oct 2022 | KSh2.0t | KSh1.5t | KSh277.2b | 6.7x | 7.2x | 1.3x |
| Fri, 16 Sep 2022 | KSh2.1t | KSh1.5t | KSh278.7b | 7.5x | 7.4x | 1.4x |
| Sun, 14 Aug 2022 | KSh2.3t | KSh1.4t | KSh266.4b | 7.4x | 8.5x | 1.6x |
| Tue, 12 Jul 2022 | KSh2.1t | KSh1.4t | KSh266.1b | 6.8x | 7.8x | 1.4x |
| Thu, 09 Jun 2022 | KSh2.0t | KSh1.4t | KSh258.0b | 6.1x | 7.7x | 1.4x |
| Sat, 07 May 2022 | KSh2.2t | KSh1.4t | KSh257.4b | 5.9x | 8.7x | 1.6x |
| Mon, 04 Apr 2022 | KSh2.4t | KSh1.4t | KSh246.6b | 6.5x | 9.8x | 1.7x |
| Wed, 02 Mar 2022 | KSh2.5t | KSh1.3t | KSh222.5b | 7.1x | 11.2x | 1.9x |
| Fri, 28 Jan 2022 | KSh2.5t | KSh1.3t | KSh221.5b | 6.8x | 11.2x | 1.9x |
| Sun, 26 Dec 2021 | KSh2.6t | KSh1.3t | KSh220.8b | 7x | 11.9x | 2x |
| Tue, 23 Nov 2021 | KSh2.6t | KSh1.3t | KSh212.1b | 6.7x | 12.3x | 2x |
| Thu, 21 Oct 2021 | KSh2.7t | KSh1.2t | KSh204.9b | 6.7x | 13.3x | 2.2x |
| Sat, 18 Sep 2021 | KSh2.8t | KSh1.2t | KSh200.6b | 7.3x | 14.1x | 2.3x |
| Mon, 16 Aug 2021 | KSh2.8t | KSh1.3t | KSh185.9b | 7.3x | 15.2x | 2.3x |
| Mon, 31 May 2021 | KSh2.6t | KSh1.2t | KSh166.0b | 7.5x | 15.8x | 2.2x |
Price to Earnings Ratio
15.5x
Current Market PE
- Investors are pessimistic on the Kenyan market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 5.7x which is lower than its 3-year average PE of 8.3x.
Past Earnings Growth
- The earnings for Kenyan listed companies have grown 20% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Kenyan Market?
| KE Market | -0.54% | |
| Energy | 12.50% | |
| Industrials | 3.95% | |
| Materials | 1.82% | |
| Consumer Staples | 1.27% | |
| Financials | 0.46% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Utilities | -0.57% | |
| Telecom | -2.40% | |
| Consumer Discretionary | -6.34% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 7.8x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 6.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| EQTY Equity Group Holdings | KSh42.60 | 1.4% +KSh2.3b | -6.7% | PB0.8x | Financials | |
| IMH I&M Group | KSh18.35 | 7.0% +KSh2.0b | 9.2% | PB0.3x | Financials | |
| TOTL TotalEnergies Marketing Kenya | KSh21.10 | 17.2% +KSh2.0b | 9.0% | PE4.4x | Energy | |
| SBIC Stanbic Holdings | KSh121.75 | 3.8% +KSh1.8b | 3.4% | PB0.7x | Financials | |
| BAMB Bamburi Cement | KSh48.35 | 4.7% +KSh780.4m | 100.6% | PE26.2x | Materials |
