KCB Group（KCB）株式概要KCBグループPLCはその子会社とともに、ケニア、タンザニア、南スーダン、ルワンダ、ウガンダ、ブルンジ、コンゴ民主共和国で法人、投資、リテール・バンキング・サービスを提供している。 詳細KCB ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績3/6財務の健全性4/6配当金3/6報酬株価収益率（ 4.1 x） UG市場（ 10.3 x）を下回っています。収益は年間18.97%増加すると予測されています 過去5年間の収益は年間17.6%増加しました。 リスク分析不安定な配当実績 すべてのリスクチェックを見るKCB Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW487,586 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA487,586 investors already sharing narrativesYour Fair ValueUShCurrent PriceUSh1.50k6.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0425b2016201920222025202620282031Revenue KSh425.0bEarnings KSh155.6bAdvancedSet Fair ValueView all narrativesKCB Group PLC 競合他社Stanbic Uganda HoldingsSymbol: UGSE:SBUMarket cap: USh4.2tBank of Baroda (Uganda)Symbol: UGSE:BOBUMarket cap: USh900.0bSoutheast Asia Commercial BankSymbol: HOSE:SSBMarket cap: ₫53.3tGrupo BolívarSymbol: BVC:GRUBOLIVARMarket cap: Col$6.5t価格と性能株価の高値、安値、推移の概要KCB Group過去の株価現在の株価KSh1,503.1252週高値KSh052週安値KSh0ベータ0.561ヶ月の変化0%3ヶ月変化0%1年変化0%3年間の変化0%5年間の変化-7.42%IPOからの変化105.91%最新ニュースReported Earnings • May 22First quarter 2026 earnings released: EPS: KSh5.54 (vs KSh5.01 in 1Q 2025)First quarter 2026 results: EPS: KSh5.54 (up from KSh5.01 in 1Q 2025). Revenue: KSh48.7b (up 11% from 1Q 2025). Net income: KSh17.8b (up 11% from 1Q 2025). Profit margin: 37% (in line with 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • May 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 9.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Apr 29KCB Group PLC, Annual General Meeting, May 21, 2026KCB Group PLC, Annual General Meeting, May 21, 2026, at 10:00 Central Asia Standard Time.Declared Dividend • Mar 14Dividend of KSh3.00 announcedShareholders will receive a dividend of KSh3.00. Ex-date: 7th April 2026 Payment date: 1st January 1970 Dividend yield will be 7.5%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 13Full year 2025 earnings releasedFull year 2025 results: Revenue: KSh312.7b (up 79% from FY 2024). Net income: KSh114.4b (up 90% from FY 2024). Profit margin: 37% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Banks industry in Africa are expected to grow by 13%.New Risk • Mar 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.最新情報をもっと見るRecent updatesReported Earnings • May 22First quarter 2026 earnings released: EPS: KSh5.54 (vs KSh5.01 in 1Q 2025)First quarter 2026 results: EPS: KSh5.54 (up from KSh5.01 in 1Q 2025). Revenue: KSh48.7b (up 11% from 1Q 2025). Net income: KSh17.8b (up 11% from 1Q 2025). Profit margin: 37% (in line with 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • May 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 9.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Apr 29KCB Group PLC, Annual General Meeting, May 21, 2026KCB Group PLC, Annual General Meeting, May 21, 2026, at 10:00 Central Asia Standard Time.Declared Dividend • Mar 14Dividend of KSh3.00 announcedShareholders will receive a dividend of KSh3.00. Ex-date: 7th April 2026 Payment date: 1st January 1970 Dividend yield will be 7.5%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 13Full year 2025 earnings releasedFull year 2025 results: Revenue: KSh312.7b (up 79% from FY 2024). Net income: KSh114.4b (up 90% from FY 2024). Profit margin: 37% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Banks industry in Africa are expected to grow by 13%.New Risk • Mar 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 23Third quarter 2025 earnings released: EPS: KSh4.52 (vs KSh4.78 in 3Q 2024)Third quarter 2025 results: EPS: KSh4.52 (down from KSh4.78 in 3Q 2024). Revenue: KSh45.0b (up 5.2% from 3Q 2024). Net income: KSh14.5b (down 5.4% from 3Q 2024). Profit margin: 32% (down from 36% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Upcoming Dividend • Aug 31Upcoming dividend of KSh4.00 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 11 November 2025. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Ugandan dividend payers (10%). Higher than average of industry peers (3.2%).Declared Dividend • Aug 16First half dividend of KSh4.00 announcedShareholders will receive a dividend of KSh4.00. Ex-date: 4th September 2025 Payment date: 11th November 2025 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (25% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: KSh42.4b (up 5.2% from 2Q 2024). Net income: KSh15.4b (up 18% from 2Q 2024). Profit margin: 36% (up from 33% in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa.お知らせ • Jun 03Access Bank PLC completed the acquisition of National Bank of Kenya Limited from KCB Group PLC (NASE:KCB)Access Bank PLC entered into a binding agreement to acquire National Bank of Kenya Limited from KCB Group PLC (NASE:KCB) on March 20, 2024. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt all regulatory approvals from, amongst others, the Central Bank of Kenya, the Central Bank of Nigeria, the COMESA Competition Commission, and notifications to other relevant regulators. As on April 4, 2025, the transaction is approved by the approved by the Central Bank of Kenya and as on April 10, 2025, transaction is approved by the Cabinet Secretary for the National Treasury and Economic Planning. The acquisition and transfer of assets and liabilities to KCB Bank Kenya Limited are subject to completion of the transaction in accordance with the terms of the Agreement between the parties. As of August 22, 2024, Pursuant to Article 13(4) of the Regulations, there is established a Committee Responsible for Initial Determinations, referred to as the CID has approved the merger on May 4, 2024. Access Bank PLC completed the acquisition of National Bank of Kenya Limited from KCB Group PLC (NASE:KCB) on June 2, 2025.お知らせ • May 31+ 1 more updateKCB Group PLC to Report First Half, 2025 Results on Aug 13, 2025KCB Group PLC announced that they will report first half, 2025 results on Aug 13, 2025Reported Earnings • May 06Full year 2024 earnings released: EPS: KSh18.70 (vs KSh11.26 in FY 2023)Full year 2024 results: EPS: KSh18.70 (up from KSh11.26 in FY 2023). Revenue: KSh174.7b (up 33% from FY 2023). Net income: KSh60.1b (up 66% from FY 2023). Profit margin: 34% (up from 28% in FY 2023). The increase in margin was driven by higher revenue. Non-performing loans: 18.02% (up from 17.29% in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 01KCB Group PLC, Annual General Meeting, May 22, 2025KCB Group PLC, Annual General Meeting, May 22, 2025, at 10:00 E. Africa Standard Time.Upcoming Dividend • Mar 28Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 04 April 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 7.1%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (4.9%).お知らせ • Mar 25KCB Group PLC (NASE:KCB) have signed a binding agreement to acquire 75% stake in Riverbank Solutions Ltd.KCB Group PLC (NASE:KCB) have signed a binding agreement to acquire 75% stake in Riverbank Solutions Ltd on March 25, 2025. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt of regulatory approvals from, amongst others, the Central Bank of Kenya. Once the transaction is completed, Riverbank will become a subsidiary of KCB Group Plc.Reported Earnings • Mar 18Full year 2024 earnings released: EPS: KSh18.70 (vs KSh11.26 in FY 2023)Full year 2024 results: EPS: KSh18.70 (up from KSh11.26 in FY 2023). Revenue: KSh174.9b (up 33% from FY 2023). Net income: KSh60.1b (up 66% from FY 2023). Profit margin: 34% (up from 28% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Nov 19KCB Group PLC to Report Q3, 2024 Results on Nov 20, 2024KCB Group PLC announced that they will report Q3, 2024 results on Nov 20, 2024Upcoming Dividend • Sep 06Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 9.6% but the company is not cash flow positive. Trailing yield: 8.9%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (5.1%).Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: KSh4.31 (vs KSh1.90 in 2Q 2023)Second quarter 2024 results: EPS: KSh4.31 (up from KSh1.90 in 2Q 2023). Revenue: KSh40.3b (up 34% from 2Q 2023). Net income: KSh13.8b (up 127% from 2Q 2023). Profit margin: 34% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 25First quarter 2024 earnings released: EPS: KSh20.52 (vs KSh2.96 in 1Q 2023)First quarter 2024 results: EPS: KSh20.52 (up from KSh2.96 in 1Q 2023). Revenue: KSh42.2b (up 29% from 1Q 2023). Net income: KSh16.1b (up 69% from 1Q 2023). Profit margin: 38% (up from 29% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • May 06KCB Group PLC, Annual General Meeting, May 23, 2024KCB Group PLC, Annual General Meeting, May 23, 2024, at 10:00 E. Africa Standard Time. Agenda: To receive, consider and, if thought fit, adopt the Audited Consolidated Financial Statements for the year ending 31 December 2023 together with the reports of the Directors, the Group Chairman, the Group Chief Executive Officer and the Auditor thereon; to note that the Directors do not recommend the payment of a dividend for the financial year ended 31 December 2023; to consider board changes; and to consider other matters.Reported Earnings • Mar 23Full year 2023 earnings released: EPS: KSh11.26 (vs KSh12.64 in FY 2022)Full year 2023 results: EPS: KSh11.26 (down from KSh12.64 in FY 2022). Revenue: KSh131.6b (up 13% from FY 2022). Net income: KSh36.2b (down 11% from FY 2022). Profit margin: 28% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Mar 22Access Holdings Plc (NGSE:ACCESSCORP) agreed to acquire National Bank of Kenya Limited from KCB Group PLC (NASE:KCB).Access Holdings Plc (NGSE:ACCESSCORP) agreed to acquire National Bank of Kenya Limited from KCB Group PLC (NASE:KCB) on March 20, 2024. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt all regulatory approvals from, amongst others, the Central Bank of Kenya, the Central Bank of Nigeria, the COMESA Competition Commission, and notifications to other relevant regulators.Reported Earnings • Nov 29Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: KSh38.5b (up 27% from 3Q 2022). Net income: KSh14.3b (up 36% from 3Q 2022). Profit margin: 37% (up from 35% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa.Reported Earnings • Aug 29Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: KSh30.1b (up 5.7% from 2Q 2022). Net income: KSh6.09b (down 37% from 2Q 2022). Profit margin: 20% (down from 34% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • May 08Full year 2022 earnings released: EPS: KSh12.64 (vs KSh10.61 in FY 2021)Full year 2022 results: EPS: KSh12.64 (up from KSh10.61 in FY 2021). Revenue: KSh116.4b (up 23% from FY 2021). Net income: KSh40.6b (up 19% from FY 2021). Profit margin: 35% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Non-performing loans: 24.05% (up from 16.41% in FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Board Change • Apr 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Joseph Kinyua was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 04Upcoming dividend of KSh1.00 per share at 5.5% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 26 May 2023. Trailing yield: 5.5%. Lower than top quartile of Ugandan dividend payers (10.0%). In line with average of industry peers (5.9%).Reported Earnings • Mar 21Full year 2022 earnings released: EPS: KSh12.71 (vs KSh10.61 in FY 2021)Full year 2022 results: EPS: KSh12.71 (up from KSh10.61 in FY 2021). Revenue: KSh116.7b (up 23% from FY 2021). Net income: KSh40.6b (up 19% from FY 2021). Profit margin: 35% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Nov 30Upcoming dividend of KSh1.00 per shareEligible shareholders must have bought the stock before 07 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 7.9%. Lower than top quartile of Ugandan dividend payers (10%). Higher than average of industry peers (5.5%).Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Anuja Pandit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 28Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: KSh28.5b (up 17% from 2Q 2021). Net income: KSh9.73b (up 9.1% from 2Q 2021). Profit margin: 34% (down from 37% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 23%, compared to a 22% growth forecast for the Banks industry in Africa.Board Change • Aug 12High number of new directorsIndependent Non-Executive Director Alice Kirenge was the last director to join the board, commencing their role in 2021.Reported Earnings • May 15Full year 2021 earnings released: EPS: KSh10.61 (vs KSh6.10 in FY 2020)Full year 2021 results: EPS: KSh10.61 (up from KSh6.10 in FY 2020). Revenue: KSh94.9b (up 40% from FY 2020). Net income: KSh34.1b (up 74% from FY 2020). Profit margin: 36% (up from 29% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 20% growth forecast for the banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 19Upcoming dividend of KSh2.00 per shareEligible shareholders must have bought the stock before 26 April 2022. Payment date: 26 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 9.3%. Lower than top quartile of Ugandan dividend payers (9.4%). Higher than average of industry peers (5.2%).Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: KSh10.64 (up from KSh6.10 in FY 2020). Revenue: KSh95.6b (up 40% from FY 2020). Net income: KSh34.1b (up 74% from FY 2020). Profit margin: 36% (up from 29% in FY 2020). The increase in margin was driven by higher revenue. Cost-to-income ratio: 44.0% (down from 45.4% in FY 2020). Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 25%, compared to a 23% growth forecast for the banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 03Upcoming dividend of KSh1.00 per shareEligible shareholders must have bought the stock before 10 December 2021. Payment date: 14 January 2022. Trailing yield: 2.4%. Lower than top quartile of Ugandan dividend payers (8.6%). Lower than average of industry peers (4.4%).Reported Earnings • Nov 22Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: KSh2.45 (up from KSh1.03 in 3Q 2020). Revenue: KSh26.0b (up 72% from 3Q 2020). Net income: KSh9.87b (up 198% from 3Q 2020). Profit margin: 38% (up from 22% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 24%, compared to a 25% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS KSh2.78 (vs KSh0.41 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: KSh24.4b (up 75% from 2Q 2020). Net income: KSh8.92b (up KSh7.61b from 2Q 2020). Profit margin: 37% (up from 9.4% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 28First quarter 2021 earnings released: EPS KSh1.98The company reported a solid first quarter result with improved earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: KSh20.2b (flat on 1Q 2020). Net income: KSh6.38b (up 1.8% from 1Q 2020). Profit margin: 32% (in line with 1Q 2020).Upcoming Dividend • Apr 21Upcoming dividend of KSh1.00 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 03 July 2021. Trailing yield: 2.4%. Lower than top quartile of Ugandan dividend payers (9.9%). Lower than average of industry peers (3.7%).Reported Earnings • Mar 20Full year 2020 earnings released: EPS KSh6.10 (vs KSh7.83 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: KSh68.9b (down 8.7% from FY 2019). Net income: KSh19.6b (down 22% from FY 2019). Profit margin: 28% (down from 33% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS KSh1.03The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: KSh15.1b (down 17% from 3Q 2019). Net income: KSh3.31b (down 49% from 3Q 2019). Profit margin: 22% (down from 35% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.株主還元KCBUG BanksUG 市場7D0%4.6%0.4%1Y0%95.9%62.7%株主還元を見る業界別リターン: KCB過去 1 年間で95.9 % の収益を上げたUG Banks業界を下回りました。リターン対市場: KCBは、過去 1 年間で62.7 % のリターンを上げたUG市場を下回りました。価格変動Is KCB's price volatile compared to industry and market?KCB volatilityKCB Average Weekly Movement0%Banks Industry Average Movement3.7%Market Average Movement2.3%10% most volatile stocks in UG Market4.0%10% least volatile stocks in UG Market1.2%安定した株価: データは利用できません。時間の経過による変動: 過去 1 年間のKCBのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト189611,253Paul Russokcbgroup.comKCBグループPLCは、その子会社とともに、ケニア、タンザニア、南スーダン、ルワンダ、ウガンダ、ブルンジ、コンゴ民主共和国において、法人、投資、リテール・バンキング・サービスを提供している。4つのセグメントを通じて事業を展開している：コーポレート・バンキング、リテール・バンキング、トレジャリー、モーゲージ。個人向けには当座預金、普通預金、定期預金、消費者ローン、住宅ローンなどの商品を提供している。また、当座貸越、住宅ローン、商業ビルローン、その他ローン、法人顧客向けの現地通貨および外貨での信用供与、有価証券投資、資金運用業務も行っている。さらに、貿易金融や外国為替業務にも携わり、中央銀行の国庫短期証券や債券への投資にも参加している。さらに、不動産所有・管理事業、ノミニー事業、企業の社会的責任事業、資産運用事業、保険仲介事業にも携わっている。さらに、個人、零細、中小企業向けの支払い、貯蓄、借入ソリューション、医療、自動車、農作物、海上などの生命保険・損害保険商品、ウェルス・マネジメント、アドバイザリー、仲介サービス、集団投資スキームの販売、年金管理サービスも提供している。KCBグループは1896年に設立され、ケニアのナイロビに本社を置いている。もっと見るKCB Group PLC 基礎のまとめKCB Group の収益と売上を時価総額と比較するとどうか。KCB 基礎統計学時価総額USh7.58t収益（TTM）USh1.87t売上高(TTM)USh5.10t4.1xPER（株価収益率0.8xPBR（株価純資産倍率KCB は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計KCB 損益計算書（TTM）収益KSh178.29b売上原価KSh0売上総利益KSh178.29bその他の費用KSh112.99b収益KSh65.29b直近の収益報告Mar 31, 2026次回決算日Aug 12, 2026一株当たり利益（EPS）20.32グロス・マージン100.00%純利益率36.62%有利子負債／自己資本比率25.7%KCB の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.2%現在の配当利回り25%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/27 17:47終値2026/07/27 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋KCB Group PLC 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Timothy WambuAbsa Bank LimitedJaap MeijerArqaam Capital Research Offshore S.A.L.Craig MetherellAvior Capital Markets4 その他のアナリストを表示
Reported Earnings • May 22First quarter 2026 earnings released: EPS: KSh5.54 (vs KSh5.01 in 1Q 2025)First quarter 2026 results: EPS: KSh5.54 (up from KSh5.01 in 1Q 2025). Revenue: KSh48.7b (up 11% from 1Q 2025). Net income: KSh17.8b (up 11% from 1Q 2025). Profit margin: 37% (in line with 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • May 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 9.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Apr 29KCB Group PLC, Annual General Meeting, May 21, 2026KCB Group PLC, Annual General Meeting, May 21, 2026, at 10:00 Central Asia Standard Time.
Declared Dividend • Mar 14Dividend of KSh3.00 announcedShareholders will receive a dividend of KSh3.00. Ex-date: 7th April 2026 Payment date: 1st January 1970 Dividend yield will be 7.5%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 13Full year 2025 earnings releasedFull year 2025 results: Revenue: KSh312.7b (up 79% from FY 2024). Net income: KSh114.4b (up 90% from FY 2024). Profit margin: 37% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Banks industry in Africa are expected to grow by 13%.
New Risk • Mar 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • May 22First quarter 2026 earnings released: EPS: KSh5.54 (vs KSh5.01 in 1Q 2025)First quarter 2026 results: EPS: KSh5.54 (up from KSh5.01 in 1Q 2025). Revenue: KSh48.7b (up 11% from 1Q 2025). Net income: KSh17.8b (up 11% from 1Q 2025). Profit margin: 37% (in line with 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • May 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 9.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Apr 29KCB Group PLC, Annual General Meeting, May 21, 2026KCB Group PLC, Annual General Meeting, May 21, 2026, at 10:00 Central Asia Standard Time.
Declared Dividend • Mar 14Dividend of KSh3.00 announcedShareholders will receive a dividend of KSh3.00. Ex-date: 7th April 2026 Payment date: 1st January 1970 Dividend yield will be 7.5%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 13Full year 2025 earnings releasedFull year 2025 results: Revenue: KSh312.7b (up 79% from FY 2024). Net income: KSh114.4b (up 90% from FY 2024). Profit margin: 37% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Banks industry in Africa are expected to grow by 13%.
New Risk • Mar 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 23Third quarter 2025 earnings released: EPS: KSh4.52 (vs KSh4.78 in 3Q 2024)Third quarter 2025 results: EPS: KSh4.52 (down from KSh4.78 in 3Q 2024). Revenue: KSh45.0b (up 5.2% from 3Q 2024). Net income: KSh14.5b (down 5.4% from 3Q 2024). Profit margin: 32% (down from 36% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 31Upcoming dividend of KSh4.00 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 11 November 2025. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Ugandan dividend payers (10%). Higher than average of industry peers (3.2%).
Declared Dividend • Aug 16First half dividend of KSh4.00 announcedShareholders will receive a dividend of KSh4.00. Ex-date: 4th September 2025 Payment date: 11th November 2025 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (25% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: KSh42.4b (up 5.2% from 2Q 2024). Net income: KSh15.4b (up 18% from 2Q 2024). Profit margin: 36% (up from 33% in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa.
お知らせ • Jun 03Access Bank PLC completed the acquisition of National Bank of Kenya Limited from KCB Group PLC (NASE:KCB)Access Bank PLC entered into a binding agreement to acquire National Bank of Kenya Limited from KCB Group PLC (NASE:KCB) on March 20, 2024. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt all regulatory approvals from, amongst others, the Central Bank of Kenya, the Central Bank of Nigeria, the COMESA Competition Commission, and notifications to other relevant regulators. As on April 4, 2025, the transaction is approved by the approved by the Central Bank of Kenya and as on April 10, 2025, transaction is approved by the Cabinet Secretary for the National Treasury and Economic Planning. The acquisition and transfer of assets and liabilities to KCB Bank Kenya Limited are subject to completion of the transaction in accordance with the terms of the Agreement between the parties. As of August 22, 2024, Pursuant to Article 13(4) of the Regulations, there is established a Committee Responsible for Initial Determinations, referred to as the CID has approved the merger on May 4, 2024. Access Bank PLC completed the acquisition of National Bank of Kenya Limited from KCB Group PLC (NASE:KCB) on June 2, 2025.
お知らせ • May 31+ 1 more updateKCB Group PLC to Report First Half, 2025 Results on Aug 13, 2025KCB Group PLC announced that they will report first half, 2025 results on Aug 13, 2025
Reported Earnings • May 06Full year 2024 earnings released: EPS: KSh18.70 (vs KSh11.26 in FY 2023)Full year 2024 results: EPS: KSh18.70 (up from KSh11.26 in FY 2023). Revenue: KSh174.7b (up 33% from FY 2023). Net income: KSh60.1b (up 66% from FY 2023). Profit margin: 34% (up from 28% in FY 2023). The increase in margin was driven by higher revenue. Non-performing loans: 18.02% (up from 17.29% in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 01KCB Group PLC, Annual General Meeting, May 22, 2025KCB Group PLC, Annual General Meeting, May 22, 2025, at 10:00 E. Africa Standard Time.
Upcoming Dividend • Mar 28Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 04 April 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 7.1%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (4.9%).
お知らせ • Mar 25KCB Group PLC (NASE:KCB) have signed a binding agreement to acquire 75% stake in Riverbank Solutions Ltd.KCB Group PLC (NASE:KCB) have signed a binding agreement to acquire 75% stake in Riverbank Solutions Ltd on March 25, 2025. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt of regulatory approvals from, amongst others, the Central Bank of Kenya. Once the transaction is completed, Riverbank will become a subsidiary of KCB Group Plc.
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: KSh18.70 (vs KSh11.26 in FY 2023)Full year 2024 results: EPS: KSh18.70 (up from KSh11.26 in FY 2023). Revenue: KSh174.9b (up 33% from FY 2023). Net income: KSh60.1b (up 66% from FY 2023). Profit margin: 34% (up from 28% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Nov 19KCB Group PLC to Report Q3, 2024 Results on Nov 20, 2024KCB Group PLC announced that they will report Q3, 2024 results on Nov 20, 2024
Upcoming Dividend • Sep 06Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 9.6% but the company is not cash flow positive. Trailing yield: 8.9%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (5.1%).
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: KSh4.31 (vs KSh1.90 in 2Q 2023)Second quarter 2024 results: EPS: KSh4.31 (up from KSh1.90 in 2Q 2023). Revenue: KSh40.3b (up 34% from 2Q 2023). Net income: KSh13.8b (up 127% from 2Q 2023). Profit margin: 34% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 25First quarter 2024 earnings released: EPS: KSh20.52 (vs KSh2.96 in 1Q 2023)First quarter 2024 results: EPS: KSh20.52 (up from KSh2.96 in 1Q 2023). Revenue: KSh42.2b (up 29% from 1Q 2023). Net income: KSh16.1b (up 69% from 1Q 2023). Profit margin: 38% (up from 29% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • May 06KCB Group PLC, Annual General Meeting, May 23, 2024KCB Group PLC, Annual General Meeting, May 23, 2024, at 10:00 E. Africa Standard Time. Agenda: To receive, consider and, if thought fit, adopt the Audited Consolidated Financial Statements for the year ending 31 December 2023 together with the reports of the Directors, the Group Chairman, the Group Chief Executive Officer and the Auditor thereon; to note that the Directors do not recommend the payment of a dividend for the financial year ended 31 December 2023; to consider board changes; and to consider other matters.
Reported Earnings • Mar 23Full year 2023 earnings released: EPS: KSh11.26 (vs KSh12.64 in FY 2022)Full year 2023 results: EPS: KSh11.26 (down from KSh12.64 in FY 2022). Revenue: KSh131.6b (up 13% from FY 2022). Net income: KSh36.2b (down 11% from FY 2022). Profit margin: 28% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Mar 22Access Holdings Plc (NGSE:ACCESSCORP) agreed to acquire National Bank of Kenya Limited from KCB Group PLC (NASE:KCB).Access Holdings Plc (NGSE:ACCESSCORP) agreed to acquire National Bank of Kenya Limited from KCB Group PLC (NASE:KCB) on March 20, 2024. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt all regulatory approvals from, amongst others, the Central Bank of Kenya, the Central Bank of Nigeria, the COMESA Competition Commission, and notifications to other relevant regulators.
Reported Earnings • Nov 29Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: KSh38.5b (up 27% from 3Q 2022). Net income: KSh14.3b (up 36% from 3Q 2022). Profit margin: 37% (up from 35% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa.
Reported Earnings • Aug 29Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: KSh30.1b (up 5.7% from 2Q 2022). Net income: KSh6.09b (down 37% from 2Q 2022). Profit margin: 20% (down from 34% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • May 08Full year 2022 earnings released: EPS: KSh12.64 (vs KSh10.61 in FY 2021)Full year 2022 results: EPS: KSh12.64 (up from KSh10.61 in FY 2021). Revenue: KSh116.4b (up 23% from FY 2021). Net income: KSh40.6b (up 19% from FY 2021). Profit margin: 35% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Non-performing loans: 24.05% (up from 16.41% in FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Board Change • Apr 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Joseph Kinyua was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 04Upcoming dividend of KSh1.00 per share at 5.5% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 26 May 2023. Trailing yield: 5.5%. Lower than top quartile of Ugandan dividend payers (10.0%). In line with average of industry peers (5.9%).
Reported Earnings • Mar 21Full year 2022 earnings released: EPS: KSh12.71 (vs KSh10.61 in FY 2021)Full year 2022 results: EPS: KSh12.71 (up from KSh10.61 in FY 2021). Revenue: KSh116.7b (up 23% from FY 2021). Net income: KSh40.6b (up 19% from FY 2021). Profit margin: 35% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Nov 30Upcoming dividend of KSh1.00 per shareEligible shareholders must have bought the stock before 07 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 7.9%. Lower than top quartile of Ugandan dividend payers (10%). Higher than average of industry peers (5.5%).
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Anuja Pandit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 28Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: KSh28.5b (up 17% from 2Q 2021). Net income: KSh9.73b (up 9.1% from 2Q 2021). Profit margin: 34% (down from 37% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 23%, compared to a 22% growth forecast for the Banks industry in Africa.
Board Change • Aug 12High number of new directorsIndependent Non-Executive Director Alice Kirenge was the last director to join the board, commencing their role in 2021.
Reported Earnings • May 15Full year 2021 earnings released: EPS: KSh10.61 (vs KSh6.10 in FY 2020)Full year 2021 results: EPS: KSh10.61 (up from KSh6.10 in FY 2020). Revenue: KSh94.9b (up 40% from FY 2020). Net income: KSh34.1b (up 74% from FY 2020). Profit margin: 36% (up from 29% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 20% growth forecast for the banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 19Upcoming dividend of KSh2.00 per shareEligible shareholders must have bought the stock before 26 April 2022. Payment date: 26 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 9.3%. Lower than top quartile of Ugandan dividend payers (9.4%). Higher than average of industry peers (5.2%).
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: KSh10.64 (up from KSh6.10 in FY 2020). Revenue: KSh95.6b (up 40% from FY 2020). Net income: KSh34.1b (up 74% from FY 2020). Profit margin: 36% (up from 29% in FY 2020). The increase in margin was driven by higher revenue. Cost-to-income ratio: 44.0% (down from 45.4% in FY 2020). Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 25%, compared to a 23% growth forecast for the banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 03Upcoming dividend of KSh1.00 per shareEligible shareholders must have bought the stock before 10 December 2021. Payment date: 14 January 2022. Trailing yield: 2.4%. Lower than top quartile of Ugandan dividend payers (8.6%). Lower than average of industry peers (4.4%).
Reported Earnings • Nov 22Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: KSh2.45 (up from KSh1.03 in 3Q 2020). Revenue: KSh26.0b (up 72% from 3Q 2020). Net income: KSh9.87b (up 198% from 3Q 2020). Profit margin: 38% (up from 22% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 24%, compared to a 25% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS KSh2.78 (vs KSh0.41 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: KSh24.4b (up 75% from 2Q 2020). Net income: KSh8.92b (up KSh7.61b from 2Q 2020). Profit margin: 37% (up from 9.4% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 28First quarter 2021 earnings released: EPS KSh1.98The company reported a solid first quarter result with improved earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: KSh20.2b (flat on 1Q 2020). Net income: KSh6.38b (up 1.8% from 1Q 2020). Profit margin: 32% (in line with 1Q 2020).
Upcoming Dividend • Apr 21Upcoming dividend of KSh1.00 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 03 July 2021. Trailing yield: 2.4%. Lower than top quartile of Ugandan dividend payers (9.9%). Lower than average of industry peers (3.7%).
Reported Earnings • Mar 20Full year 2020 earnings released: EPS KSh6.10 (vs KSh7.83 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: KSh68.9b (down 8.7% from FY 2019). Net income: KSh19.6b (down 22% from FY 2019). Profit margin: 28% (down from 33% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS KSh1.03The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: KSh15.1b (down 17% from 3Q 2019). Net income: KSh3.31b (down 49% from 3Q 2019). Profit margin: 22% (down from 35% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
