Ghanaian (GSE) Financials Sector Analysis
UpdatedOct 03, 2023
DataAggregated Company Financials
Companies12
- 7D0.7%
- 3M13.3%
- 1Y-12.3%
- YTD-8.7%
Over the last 7 days, the Financials industry has remained flat, although notably Ecobank Ghana gained 4.9%. As for the longer term, the industry has declined 12% in the last year.
Sector Valuation and Performance
Has the Ghanaian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | GH₵9.5b | GH₵6.0b | -GH₵1,086,091,414.00 | 3x | -8.7x | 1.6x |
| Thu, 31 Aug 2023 | GH₵8.3b | GH₵6.0b | -GH₵1,086,091,414.00 | 3x | -7.7x | 1.4x |
| Sat, 29 Jul 2023 | GH₵8.4b | GH₵5.2b | -GH₵1,284,172,442.00 | 2.7x | -6.5x | 1.6x |
| Mon, 26 Jun 2023 | GH₵8.3b | GH₵5.4b | -GH₵1,318,902,694.00 | 4x | -6.3x | 1.5x |
| Wed, 24 May 2023 | GH₵8.3b | GH₵8.9b | GH₵1.7b | 4.8x | 4.8x | 0.9x |
| Fri, 21 Apr 2023 | GH₵9.0b | GH₵10.6b | GH₵2.7b | 4x | 3.4x | 0.9x |
| Sun, 19 Mar 2023 | GH₵9.6b | GH₵10.8b | GH₵2.8b | 2.5x | 3.5x | 0.9x |
| Tue, 14 Feb 2023 | GH₵10.3b | GH₵10.8b | GH₵2.8b | 3.3x | 3.7x | 1x |
| Thu, 12 Jan 2023 | GH₵10.7b | GH₵10.7b | GH₵2.8b | 3.7x | 3.9x | 1x |
| Sat, 10 Dec 2022 | GH₵10.9b | GH₵10.7b | GH₵2.8b | 3.7x | 3.9x | 1x |
| Mon, 07 Nov 2022 | GH₵10.9b | GH₵10.9b | GH₵2.8b | 3x | 3.8x | 1x |
| Wed, 05 Oct 2022 | GH₵10.9b | GH₵10.7b | GH₵2.9b | 3.1x | 3.7x | 1x |
| Fri, 02 Sep 2022 | GH₵10.9b | GH₵10.7b | GH₵2.9b | 3.4x | 3.7x | 1x |
| Sun, 31 Jul 2022 | GH₵11.0b | GH₵8.3b | GH₵2.8b | 3.6x | 3.9x | 1.3x |
| Tue, 28 Jun 2022 | GH₵11.3b | GH₵10.0b | GH₵2.7b | 4.4x | 4.2x | 1.1x |
| Thu, 26 May 2022 | GH₵11.4b | GH₵9.8b | GH₵2.7b | 4.4x | 4.2x | 1.2x |
| Sat, 23 Apr 2022 | GH₵11.3b | GH₵9.5b | GH₵2.6b | 4.2x | 4.3x | 1.2x |
| Mon, 21 Mar 2022 | GH₵11.3b | GH₵9.4b | GH₵2.6b | 4.6x | 4.4x | 1.2x |
| Wed, 16 Feb 2022 | GH₵9.5b | GH₵8.5b | GH₵2.5b | 4.9x | 3.8x | 1.1x |
| Fri, 14 Jan 2022 | GH₵9.6b | GH₵8.4b | GH₵2.5b | 4.5x | 3.9x | 1.1x |
| Sun, 12 Dec 2021 | GH₵9.6b | GH₵8.4b | GH₵2.5b | 4.6x | 3.9x | 1.1x |
| Tue, 09 Nov 2021 | GH₵9.7b | GH₵8.3b | GH₵2.5b | 4.9x | 3.9x | 1.2x |
| Thu, 07 Oct 2021 | GH₵9.5b | GH₵7.9b | GH₵2.4b | 4.6x | 3.9x | 1.2x |
| Sat, 04 Sep 2021 | GH₵10.6b | GH₵8.6b | GH₵2.5b | 4.3x | 4.2x | 1.2x |
| Mon, 02 Aug 2021 | GH₵10.4b | GH₵8.6b | GH₵2.5b | 3.8x | 4.1x | 1.2x |
| Thu, 06 May 2021 | GH₵9.9b | GH₵8.2b | GH₵2.4b | 3.8x | 4.1x | 1.2x |
| Sun, 07 Feb 2021 | GH₵9.7b | GH₵7.9b | GH₵2.3b | 3.7x | 4.2x | 1.2x |
| Sat, 31 Oct 2020 | GH₵8.6b | GH₵7.6b | GH₵2.2b | 3.4x | 3.9x | 1.1x |
Price to Earnings Ratio
4x
Current Industry PE
- Investors are optimistic on the Ghanaian Financials industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- Total earnings for the Financials industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 7.8% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Ghanaian Financials sector?
| GH Market | -0.19% | |
| Financials | 0.70% | |
| Banks | 0.74% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Capital Markets | 0% | |
| Insurance | 0% | |
Industry PE
- Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 4.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EGH Ecobank Ghana | GH₵4.30 | 4.9% +GH₵64.5m | -35.2% | PB0.4x | |
| SCB Standard Chartered Bank Ghana | GH₵19.48 | 0.2% +GH₵4.0m | -3.4% | PB1.8x |