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Kenyan (NSE) Market Analysis & Valuation

UpdatedJun 07, 2023
DataAggregated Company Financials
Companies54
  • 7D4.7%
  • 3M-11.4%
  • 1Y-19.0%
  • YTD-17.4%

The market is up 4.7% over the last week, with the Communication Services sector leading the way, up 6.8%. In contrast, the market has seen a decline of 19% over the last 12 months. Looking forward, earnings are forecast to grow by 3.7% annually.

Market Valuation and Performance

Has the Kenyan Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jun 2023KSh1.6tKSh1.6tKSh282.7b4.9x5.7x1x
Fri, 05 May 2023KSh1.6tKSh1.6tKSh288.3b5.1x5.5x1x
Sun, 02 Apr 2023KSh1.7tKSh1.5tKSh285.8b4.8x6.1x1.1x
Tue, 28 Feb 2023KSh1.9tKSh1.5tKSh283.8b5.1x6.8x1.3x
Thu, 26 Jan 2023KSh1.9tKSh1.5tKSh283.3b5.3x6.8x1.3x
Sat, 24 Dec 2022KSh2.0tKSh1.5tKSh286.2b4.9x6.9x1.3x
Mon, 21 Nov 2022KSh2.0tKSh1.5tKSh273.4b6.2x7.3x1.3x
Wed, 19 Oct 2022KSh2.0tKSh1.5tKSh277.2b6.7x7.2x1.3x
Fri, 16 Sep 2022KSh2.1tKSh1.5tKSh278.7b7.5x7.4x1.4x
Sun, 14 Aug 2022KSh2.3tKSh1.4tKSh266.4b7.4x8.5x1.6x
Tue, 12 Jul 2022KSh2.1tKSh1.4tKSh266.1b6.8x7.8x1.4x
Thu, 09 Jun 2022KSh2.0tKSh1.4tKSh258.0b6.1x7.7x1.4x
Sat, 07 May 2022KSh2.2tKSh1.4tKSh257.4b5.9x8.7x1.6x
Mon, 04 Apr 2022KSh2.4tKSh1.4tKSh246.6b6.5x9.8x1.7x
Wed, 02 Mar 2022KSh2.5tKSh1.3tKSh222.5b7.1x11.2x1.9x
Fri, 28 Jan 2022KSh2.5tKSh1.3tKSh221.5b6.8x11.2x1.9x
Sun, 26 Dec 2021KSh2.6tKSh1.3tKSh220.8b7x11.9x2x
Tue, 23 Nov 2021KSh2.6tKSh1.3tKSh212.1b6.7x12.3x2x
Thu, 21 Oct 2021KSh2.7tKSh1.2tKSh204.9b6.7x13.3x2.2x
Sat, 18 Sep 2021KSh2.8tKSh1.2tKSh200.6b7.3x14.1x2.3x
Mon, 16 Aug 2021KSh2.8tKSh1.3tKSh185.9b7.3x15.2x2.3x
Mon, 31 May 2021KSh2.6tKSh1.2tKSh166.0b7.5x15.8x2.2x
Thu, 04 Mar 2021KSh2.5tKSh1.2tKSh157.6b8.7x15.9x2.1x
Sun, 06 Dec 2020KSh2.2tKSh1.2tKSh170.7b8.8x12.9x1.8x
Wed, 09 Sep 2020KSh2.1tKSh1.2tKSh190.9b7.3x11.1x1.7x
Price to Earnings Ratio

10.9x


Total Market Cap: KSh2.1tTotal Earnings: KSh190.8bTotal Revenue: KSh1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Kenyan Market Price to Earnings3Y Average 10.8x202120222023
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 10.8x.
Past Earnings Growth
  • The earnings for Kenyan listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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 Market4.66%
Industrials7.07%
Telecom6.84%
Consumer Staples6.39%
Energy6.17%
Utilities4.14%
Financials2.21%
Consumer Discretionary1.23%
Healthcare0%
Tech0%
Materials-0.65%
Real Estate-0.66%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.
    • 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 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Materials sector is expected to see its earnings decline by 35% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SCOM SafaricomKSh16.952.1%
+KSh14.0b
-35.9%PE10.9xTelecom
EABL East African BreweriesKSh162.757.2%
+KSh8.7b
16.3%PE10.8xConsumer Staples
NCBA NCBA GroupKSh38.807.8%
+KSh4.6b
50.7%PB0.7xFinancials
SBIC Stanbic HoldingsKSh110.757.5%
+KSh3.1b
11.9%PB0.7xFinancials
BAT British American Tobacco KenyaKSh427.006.2%
+KSh2.5b
0.5%PE6.2xConsumer Staples
See more
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EQTY

KSh38.35

Equity Group Holdings

7D

1.2%

1Y

-15.6%

BKG

KSh35.00

BK Group

7D

4.5%

1Y

16.7%

ABSA

KSh11.70

Absa Bank Kenya

7D

3.1%

1Y

6.4%

CARB

KSh13.30

Carbacid Investments

7D

-1.1%

1Y

16.2%

NSE

KSh5.88

Nairobi Securities Exchange

7D

-6.4%

1Y

-21.2%

SCOM

KSh16.95

Safaricom

7D

2.1%

1Y

-35.9%

BAMB

KSh24.30

Bamburi Cement

7D

-3.6%

1Y

-29.5%

SBIC

KSh110.75

Stanbic Holdings

7D

7.5%

1Y

11.9%

NCBA

KSh38.80

NCBA Group

7D

7.8%

1Y

50.7%

EABL

KSh162.75

East African Breweries

7D

7.2%

1Y

16.3%

KEGN

KSh2.32

Kenya Electricity Generating

7D

-1.7%

1Y

-32.6%

JUB

KSh181.50

Jubilee Holdings

7D

-1.1%

1Y

-30.9%

TCL

KSh0.87

TransCentury

7D

-6.5%

1Y

-20.9%

SLAM

KSh7.22

Sanlam Kenya

7D

-8.6%

1Y

-48.1%

TPSE

KSh11.30

TPS Eastern Africa

7D

-9.6%

1Y

-5.8%