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Kenyan (NSE) Financials Sector Analysis
UpdatedNov 24, 2024
DataAggregated Company Financials
Companies20
- 7D-2.2%
- 3M10.9%
- 1Y31.5%
- YTD33.6%
Over the last 7 days, the Financials industry has dropped 2.2%, driven by Equity Group Holdings declining 7.9%. On the other hand I&M Group is actually up 6.0%. Over the past 12 months, the industry was up 31%. Earnings are forecast to grow by 16% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | KSh826.3b | KSh803.5b | KSh240.8b | 3.6x | 3.4x | 1x |
| Tue, 22 Oct 2024 | KSh819.8b | KSh789.9b | KSh236.0b | 3.7x | 3.5x | 1x |
| Thu, 19 Sep 2024 | KSh749.3b | KSh790.1b | KSh235.7b | 3.5x | 3.2x | 0.9x |
| Sat, 17 Aug 2024 | KSh711.6b | KSh765.7b | KSh224.1b | 3.6x | 3.2x | 0.9x |
| Mon, 15 Jul 2024 | KSh742.2b | KSh762.9b | KSh218.3b | 3.6x | 3.4x | 1x |
| Wed, 12 Jun 2024 | KSh755.9b | KSh775.3b | KSh216.8b | 3.7x | 3.5x | 1x |
| Fri, 10 May 2024 | KSh697.2b | KSh759.6b | KSh203.0b | 3.8x | 3.4x | 0.9x |
| Sun, 07 Apr 2024 | KSh775.6b | KSh758.8b | KSh202.9b | 4.1x | 3.8x | 1x |
| Tue, 05 Mar 2024 | KSh659.4b | KSh741.8b | KSh202.6b | 3.6x | 3.3x | 0.9x |
| Thu, 01 Feb 2024 | KSh635.2b | KSh744.4b | KSh203.5b | 3.5x | 3.1x | 0.9x |
| Sat, 30 Dec 2023 | KSh617.3b | KSh747.0b | KSh203.3b | 3.7x | 3x | 0.8x |
| Mon, 27 Nov 2023 | KSh628.3b | KSh731.6b | KSh198.5b | 3.8x | 3.2x | 0.9x |
| Wed, 25 Oct 2023 | KSh628.6b | KSh725.4b | KSh198.3b | 3.9x | 3.2x | 0.9x |
| Fri, 22 Sep 2023 | KSh637.5b | KSh725.4b | KSh198.2b | 3.9x | 3.2x | 0.9x |
| Sun, 20 Aug 2023 | KSh662.0b | KSh714.8b | KSh195.1b | 4.1x | 3.4x | 0.9x |
| Tue, 18 Jul 2023 | KSh707.0b | KSh712.4b | KSh198.8b | 4.2x | 3.6x | 1x |
| Thu, 15 Jun 2023 | KSh669.6b | KSh712.6b | KSh194.6b | 4.4x | 3.4x | 0.9x |
| Sat, 13 May 2023 | KSh650.2b | KSh692.7b | KSh190.6b | 3.8x | 3.4x | 0.9x |
| Mon, 10 Apr 2023 | KSh736.1b | KSh685.1b | KSh186.5b | 4.3x | 3.9x | 1.1x |
| Wed, 08 Mar 2023 | KSh727.6b | KSh647.6b | KSh185.2b | 3.8x | 3.9x | 1.1x |
| Fri, 03 Feb 2023 | KSh714.6b | KSh645.3b | KSh184.4b | 4.3x | 3.9x | 1.1x |
| Sun, 01 Jan 2023 | KSh709.8b | KSh647.9b | KSh186.2b | 4.7x | 3.8x | 1.1x |
| Tue, 29 Nov 2022 | KSh693.3b | KSh631.1b | KSh178.4b | 4.4x | 3.9x | 1.1x |
| Thu, 27 Oct 2022 | KSh695.4b | KSh624.6b | KSh176.6b | 4.5x | 3.9x | 1.1x |
| Sat, 24 Sep 2022 | KSh711.2b | KSh624.6b | KSh176.6b | 4.6x | 4x | 1.1x |
| Mon, 22 Aug 2022 | KSh724.3b | KSh601.6b | KSh167.2b | 4.4x | 4.3x | 1.2x |
| Wed, 20 Jul 2022 | KSh671.8b | KSh600.7b | KSh166.6b | 4.1x | 4x | 1.1x |
| Fri, 17 Jun 2022 | KSh652.1b | KSh596.2b | KSh166.1b | 4.6x | 3.9x | 1.1x |
| Sun, 15 May 2022 | KSh678.7b | KSh579.4b | KSh155.9b | 4.6x | 4.4x | 1.2x |
| Tue, 12 Apr 2022 | KSh755.5b | KSh567.7b | KSh144.9b | 4.8x | 5.2x | 1.3x |
| Thu, 10 Mar 2022 | KSh753.4b | KSh535.5b | KSh128.1b | 5.5x | 5.9x | 1.4x |
| Sat, 05 Feb 2022 | KSh775.6b | KSh535.4b | KSh128.1b | 5.6x | 6.1x | 1.4x |
| Mon, 03 Jan 2022 | KSh767.3b | KSh517.0b | KSh128.6b | 5.7x | 6x | 1.5x |
| Wed, 01 Dec 2021 | KSh737.1b | KSh527.4b | KSh126.1b | 5x | 5.8x | 1.4x |
Price to Earnings Ratio
5.8x
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 3.4x which is lower than its 3-year average PE of 3.9x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 15% 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 | -2.03% | |
| Financials | -2.22% | |
| Capital Markets | 0.25% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | 0% | |
| Insurance | -0.045% | |
| Banks | -2.37% | |
Industry PE
- Investors are most optimistic about the Banks industry, which is trading close to its 3-year average PE ratio of 3.8x.
- Analysts expect its future annual earnings growth (15.7%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.0x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Banks industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| IMH I&M Group | KSh29.85 | 6.0% +KSh2.8b | 70.6% | PB0.6x | |
| SCBK Standard Chartered Bank Kenya | KSh241.50 | 2.1% +KSh1.9b | 52.4% | PB1.4x | |
| JUB Jubilee Holdings | KSh170.00 | 3.7% +KSh434.8m | -5.6% | PE2.6x | |
| NCBA NCBA Group | KSh44.05 | 0.6% +KSh411.9m | 15.6% | PB0.7x | |
| BRIT Britam Holdings | KSh5.88 | 1.0% +KSh151.4m | 14.4% | PE4.1x |