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Kenyan (NSE) Market Analysis & Valuation
UpdatedNov 22, 2024
DataAggregated Company Financials
Companies50
- 7D-2.4%
- 3M7.7%
- 1Y23.7%
- YTD23.4%
Over the last 7 days, the market has dropped 2.4%, driven by a loss of 2.7% in the Financials sector. In contrast to the last week, the market is actually up 24% over the past year. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Fri, 22 Nov 2024 | KSh1.7t | KSh1.9t | KSh351.8b | 4.8x | 4.9x | 0.9x |
| Sun, 20 Oct 2024 | KSh1.7t | KSh1.8t | KSh320.4b | 5.1x | 5.5x | 1x |
| Tue, 17 Sep 2024 | KSh1.6t | KSh1.8t | KSh320.3b | 4.7x | 5.1x | 0.9x |
| Thu, 15 Aug 2024 | KSh1.5t | KSh1.7t | KSh307.9b | 4.5x | 5x | 0.9x |
| Sat, 13 Jul 2024 | KSh1.7t | KSh1.7t | KSh299.8b | 4.8x | 5.6x | 1x |
| Mon, 10 Jun 2024 | KSh1.7t | KSh1.7t | KSh298.6b | 5x | 5.9x | 1x |
| Wed, 08 May 2024 | KSh1.6t | KSh1.7t | KSh286.2b | 4.9x | 5.5x | 0.9x |
| Fri, 05 Apr 2024 | KSh1.7t | KSh1.7t | KSh284.7b | 5.6x | 6.1x | 1x |
| Sun, 03 Mar 2024 | KSh1.4t | KSh1.7t | KSh286.2b | 5.2x | 4.9x | 0.8x |
| Tue, 30 Jan 2024 | KSh1.4t | KSh1.7t | KSh287.7b | 5.2x | 4.7x | 0.8x |
| Thu, 28 Dec 2023 | KSh1.4t | KSh1.7t | KSh290.1b | 5x | 4.8x | 0.8x |
| Sat, 25 Nov 2023 | KSh1.4t | KSh1.7t | KSh288.2b | 5.2x | 4.9x | 0.8x |
| Mon, 23 Oct 2023 | KSh1.4t | KSh1.6t | KSh286.7b | 5.3x | 4.9x | 0.9x |
| Wed, 20 Sep 2023 | KSh1.5t | KSh1.6t | KSh286.3b | 5.9x | 5.2x | 0.9x |
| Fri, 18 Aug 2023 | KSh1.6t | KSh1.6t | KSh283.5b | 6.2x | 5.5x | 1x |
| Sun, 16 Jul 2023 | KSh1.7t | KSh1.6t | KSh289.3b | 5.5x | 6x | 1.1x |
| Tue, 13 Jun 2023 | KSh1.6t | KSh1.6t | KSh285.1b | 5.4x | 5.5x | 1x |
| Thu, 11 May 2023 | KSh1.5t | KSh1.6t | KSh288.2b | 4.6x | 5.3x | 1x |
| Sat, 08 Apr 2023 | KSh1.8t | KSh1.5t | KSh284.5b | 4.9x | 6.2x | 1.1x |
| Mon, 06 Mar 2023 | KSh1.9t | KSh1.5t | KSh283.7b | 4.8x | 6.8x | 1.3x |
| Wed, 01 Feb 2023 | KSh1.9t | KSh1.5t | KSh282.6b | 5.3x | 6.8x | 1.3x |
| Fri, 30 Dec 2022 | KSh2.0t | KSh1.5t | KSh286.2b | 5x | 6.8x | 1.3x |
| Sun, 27 Nov 2022 | KSh2.0t | KSh1.5t | KSh274.8b | 6.3x | 7.1x | 1.3x |
| Tue, 25 Oct 2022 | KSh2.0t | KSh1.5t | KSh277.2b | 6.7x | 7.1x | 1.3x |
| Thu, 22 Sep 2022 | KSh2.1t | KSh1.5t | KSh278.7b | 7.5x | 7.4x | 1.4x |
| Sat, 20 Aug 2022 | KSh2.3t | KSh1.4t | KSh266.4b | 7.4x | 8.5x | 1.6x |
| Mon, 18 Jul 2022 | KSh2.2t | KSh1.4t | KSh266.1b | 7x | 8.2x | 1.5x |
| Wed, 15 Jun 2022 | KSh2.0t | KSh1.4t | KSh261.9b | 7.6x | 7.6x | 1.4x |
| Fri, 13 May 2022 | KSh2.2t | KSh1.4t | KSh257.9b | 5.8x | 8.7x | 1.6x |
| Sun, 10 Apr 2022 | KSh2.4t | KSh1.4t | KSh246.6b | 6.5x | 9.9x | 1.8x |
| Tue, 08 Mar 2022 | KSh2.5t | KSh1.3t | KSh227.5b | 7.1x | 11x | 1.9x |
| Thu, 03 Feb 2022 | KSh2.6t | KSh1.3t | KSh221.5b | 6.8x | 11.6x | 1.9x |
| Sat, 01 Jan 2022 | KSh2.6t | KSh1.3t | KSh220.7b | 6.6x | 11.6x | 2x |
| Mon, 29 Nov 2021 | KSh2.5t | KSh1.3t | KSh218.2b | 6.4x | 11.6x | 1.9x |
Price to Earnings Ratio
11.6x
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 4.9x which is lower than its 3-year average PE of 6.7x.
Past Earnings Growth
- The earnings for Kenyan listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 13% 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 | -2.42% | |
| Consumer Discretionary | 1.60% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Staples | -1.41% | |
| Telecom | -2.30% | |
| Utilities | -2.31% | |
| Financials | -2.65% | |
| Energy | -2.78% | |
| Materials | -4.70% | |
| Industrials | -4.76% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 20.3x.
- 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 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the Telecom sector is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|---|
| IMH I&M Group | KSh29.85 | 6.0% +KSh2.8b | 70.6% | PB0.6x | Financials | |
| SCBK Standard Chartered Bank Kenya | KSh241.50 | 2.1% +KSh1.9b | 52.4% | PB1.4x | Financials | |
| JUB Jubilee Holdings | KSh170.00 | 3.7% +KSh434.8m | -5.6% | PE2.6x | Financials | |
| NCBA NCBA Group | KSh44.05 | 0.6% +KSh411.9m | 15.6% | PB0.7x | Financials | |
| CRWN Crown Paints Kenya | KSh32.45 | 4.7% +KSh206.4m | -9.9% | PE520.8x | Materials |
