Kenyan (NSE) Financials Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies20
- 7D-4.9%
- 3M14.7%
- 1Y0.3%
- YTD16.4%
Over the last 7 days, the Financials industry has dropped 4.9%, driven by Equity Group Holdings declining 9.4%. In contrast, BK Group has gained 6.8%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 29% per annum.
Sector Valuation and Performance
Has the Kenyan Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | KSh720.5b | KSh759.4b | KSh203.0b | 3.8x | 3.5x | 0.9x |
| Wed, 20 Mar 2024 | KSh714.5b | KSh745.7b | KSh203.7b | 3.9x | 3.5x | 1x |
| Fri, 16 Feb 2024 | KSh633.7b | KSh742.8b | KSh203.0b | 3.5x | 3.1x | 0.9x |
| Sun, 14 Jan 2024 | KSh624.2b | KSh744.2b | KSh203.4b | 3.7x | 3.1x | 0.8x |
| Tue, 12 Dec 2023 | KSh621.6b | KSh746.6b | KSh203.2b | 3.8x | 3.1x | 0.8x |
| Thu, 09 Nov 2023 | KSh588.0b | KSh725.5b | KSh198.3b | 3.6x | 3x | 0.8x |
| Sat, 07 Oct 2023 | KSh632.0b | KSh725.3b | KSh198.2b | 3.9x | 3.2x | 0.9x |
| Mon, 04 Sep 2023 | KSh649.6b | KSh721.0b | KSh194.6b | 3.9x | 3.3x | 0.9x |
| Wed, 02 Aug 2023 | KSh682.5b | KSh711.5b | KSh198.8b | 4.2x | 3.4x | 1x |
| Fri, 30 Jun 2023 | KSh669.2b | KSh712.4b | KSh198.8b | 4.1x | 3.4x | 0.9x |
| Sun, 28 May 2023 | KSh630.9b | KSh697.9b | KSh190.5b | 4.1x | 3.3x | 0.9x |
| Tue, 25 Apr 2023 | KSh722.7b | KSh693.3b | KSh190.7b | 4.4x | 3.8x | 1x |
| Thu, 23 Mar 2023 | KSh674.3b | KSh662.0b | KSh189.0b | 3.6x | 3.6x | 1x |
| Sat, 18 Feb 2023 | KSh737.9b | KSh647.3b | KSh185.1b | 4x | 4x | 1.1x |
| Mon, 16 Jan 2023 | KSh727.5b | KSh645.8b | KSh185.1b | 4.2x | 3.9x | 1.1x |
| Wed, 14 Dec 2022 | KSh690.5b | KSh636.2b | KSh181.6b | 4.3x | 3.8x | 1.1x |
| Fri, 11 Nov 2022 | KSh685.1b | KSh624.5b | KSh176.3b | 4.4x | 3.9x | 1.1x |
| Sun, 09 Oct 2022 | KSh691.3b | KSh624.6b | KSh176.6b | 4.5x | 3.9x | 1.1x |
| Tue, 06 Sep 2022 | KSh722.0b | KSh626.1b | KSh177.4b | 4.5x | 4.1x | 1.2x |
| Thu, 04 Aug 2022 | KSh696.3b | KSh600.4b | KSh166.8b | 4.4x | 4.2x | 1.2x |
| Sat, 02 Jul 2022 | KSh661.0b | KSh600.7b | KSh166.6b | 4.5x | 4x | 1.1x |
| Mon, 30 May 2022 | KSh678.4b | KSh585.0b | KSh158.8b | 4.5x | 4.3x | 1.2x |
| Wed, 27 Apr 2022 | KSh735.0b | KSh579.1b | KSh155.3b | 4.6x | 4.7x | 1.3x |
| Fri, 25 Mar 2022 | KSh767.5b | KSh571.6b | KSh143.4b | 5x | 5.4x | 1.3x |
| Sun, 20 Feb 2022 | KSh774.0b | KSh535.4b | KSh128.1b | 5.6x | 6x | 1.4x |
| Tue, 18 Jan 2022 | KSh754.8b | KSh535.4b | KSh128.1b | 5.7x | 5.9x | 1.4x |
| Thu, 16 Dec 2021 | KSh737.2b | KSh530.4b | KSh127.4b | 5.4x | 5.8x | 1.4x |
| Sat, 13 Nov 2021 | KSh757.3b | KSh509.9b | KSh113.1b | 5.8x | 6.7x | 1.5x |
| Mon, 11 Oct 2021 | KSh760.4b | KSh500.2b | KSh110.4b | 6.2x | 6.9x | 1.5x |
| Wed, 08 Sep 2021 | KSh778.7b | KSh497.3b | KSh106.2b | 6.6x | 7.3x | 1.6x |
| Fri, 06 Aug 2021 | KSh770.3b | KSh504.1b | KSh106.3b | 6.6x | 7.2x | 1.5x |
| Mon, 10 May 2021 | KSh670.3b | KSh475.5b | KSh89.0b | 6.4x | 7.5x | 1.4x |
Price to Earnings Ratio
7.5x
Current Industry PE
- Investors are pessimistic on the Kenyan Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 3.5x which is lower than its 3-year average PE of 4.6x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.95x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Kenyan Financials sector?
| KE Market | -3.74% | |
| Financials | -4.91% | |
| Capital Markets | 4.62% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Insurance | -2.82% | |
| Banks | -5.14% | |
Industry PE
- Investors are most optimistic about the Banks industry even though it's trading below its 3-year average PE ratio of 4.3x.
- Analysts are expecting annual earnings growth of 28.5%, which is higher than its past year's earnings growth of 13.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| NCBA NCBA Group | KSh44.65 | 2.4% +KSh1.7b | 11.6% | PB0.8x | |
| BKG BK Group | KSh32.55 | 5.9% +KSh1.7b | -5.4% | PB0.8x | |
| CTUM Centum Investment | KSh8.32 | 4.0% +KSh211.4m | -4.8% | PS0.5x | |
| HFCK HF Group | KSh4.10 | 7.3% +KSh107.7m | 10.8% | PB0.2x | |
| CIC CIC Insurance Group | KSh2.32 | 0.9% +KSh52.3m | 24.7% | PE4x |