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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| 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 |
| Thu, 04 Mar 2021 | KSh2.5t | KSh1.2t | KSh157.6b | 8.7x | 15.9x | 2.1x |
| Sun, 06 Dec 2020 | KSh2.2t | KSh1.2t | KSh170.7b | 8.8x | 12.9x | 1.8x |
| Wed, 09 Sep 2020 | KSh2.1t | KSh1.2t | KSh190.9b | 7.3x | 11.1x | 1.7x |
Price to Earnings Ratio
10.9x
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 Market | 4.66% | |
| Industrials | 7.07% | |
| Telecom | 6.84% | |
| Consumer Staples | 6.39% | |
| Energy | 6.17% | |
| Utilities | 4.14% | |
| Financials | 2.21% | |
| Consumer Discretionary | 1.23% | |
| Healthcare | 0% | |
| Tech | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SCOM Safaricom | KSh16.95 | 2.1% +KSh14.0b | -35.9% | PE10.9x | Telecom | |
| EABL East African Breweries | KSh162.75 | 7.2% +KSh8.7b | 16.3% | PE10.8x | Consumer Staples | |
| NCBA NCBA Group | KSh38.80 | 7.8% +KSh4.6b | 50.7% | PB0.7x | Financials | |
| SBIC Stanbic Holdings | KSh110.75 | 7.5% +KSh3.1b | 11.9% | PB0.7x | Financials | |
| BAT British American Tobacco Kenya | KSh427.00 | 6.2% +KSh2.5b | 0.5% | PE6.2x | Consumer Staples |
Market Insights
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