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Kenyan (NSE) Banks Industry Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies11
  • 7D3.4%
  • 3M4.4%
  • 1Y-10.1%
  • YTD6.4%

The Banks industry is up 3.4% in the last week, with Equity Group Holdings up 8.0%. During this same period, the BK Group underperformed, falling 13%. In contrast, the industry has lost 10% in the last 12 months. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the Kenyan Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024KSh607.1bKSh589.1bKSh192.4b3.6x3.2x1x
Mon, 22 Jan 2024KSh580.3bKSh591.8bKSh193.4b3.2x3x1x
Wed, 20 Dec 2023KSh560.0bKSh590.8bKSh193.0b2.9x2.9x0.9x
Fri, 17 Nov 2023KSh560.6bKSh570.7bKSh189.0b3.4x3x1x
Sun, 15 Oct 2023KSh584.9bKSh570.5bKSh189.0b3.9x3.1x1x
Tue, 12 Sep 2023KSh598.9bKSh570.5bKSh189.0b3.8x3.2x1x
Thu, 10 Aug 2023KSh638.9bKSh559.4bKSh187.2b4.1x3.4x1.1x
Sat, 08 Jul 2023KSh629.8bKSh559.3bKSh187.1b3.9x3.4x1.1x
Mon, 05 Jun 2023KSh615.8bKSh549.3bKSh182.5b4.2x3.4x1.1x
Wed, 03 May 2023KSh675.1bKSh536.3bKSh181.8b4x3.7x1.3x
Fri, 31 Mar 2023KSh679.1bKSh516.8bKSh179.2b3.8x3.8x1.3x
Sun, 26 Feb 2023KSh682.8bKSh493.2bKSh177.4b3.7x3.8x1.4x
Tue, 24 Jan 2023KSh676.4bKSh491.0bKSh176.7b3.8x3.8x1.4x
Thu, 22 Dec 2022KSh650.0bKSh491.1bKSh176.7b3.7x3.7x1.3x
Sat, 19 Nov 2022KSh644.2bKSh469.8bKSh166.7b3.8x3.9x1.4x
Mon, 17 Oct 2022KSh632.8bKSh469.8bKSh166.7b3.7x3.8x1.3x
Wed, 14 Sep 2022KSh666.4bKSh469.8bKSh166.7b4x4x1.4x
Fri, 12 Aug 2022KSh677.3bKSh445.3bKSh156.5b4.4x4.3x1.5x
Sun, 10 Jul 2022KSh635.7bKSh445.5bKSh156.2b3.9x4.1x1.4x
Tue, 07 Jun 2022KSh619.8bKSh432.3bKSh148.7b4x4.2x1.4x
Thu, 05 May 2022KSh630.9bKSh426.1bKSh145.0b4.5x4.4x1.5x
Sat, 02 Apr 2022KSh699.0bKSh430.9bKSh145.6b4.7x4.8x1.6x
Mon, 28 Feb 2022KSh692.2bKSh391.1bKSh128.8b5.3x5.4x1.8x
Wed, 26 Jan 2022KSh687.9bKSh391.1bKSh128.8b5.3x5.3x1.8x
Fri, 24 Dec 2021KSh654.9bKSh388.6bKSh127.9b5.2x5.1x1.7x
Sun, 21 Nov 2021KSh679.9bKSh370.3bKSh114.7b6.1x5.9x1.8x
Tue, 19 Oct 2021KSh671.6bKSh360.5bKSh112.0b6.2x6x1.9x
Thu, 16 Sep 2021KSh699.8bKSh357.5bKSh107.3b6.9x6.5x2x
Sat, 14 Aug 2021KSh695.0bKSh364.4bKSh107.4b6.7x6.5x1.9x
Wed, 09 Jun 2021KSh618.3bKSh337.8bKSh91.4b6.9x6.8x1.8x
Tue, 02 Mar 2021KSh598.7bKSh325.2bKSh86.0b6.6x7x1.8x
Price to Earnings Ratio

7x


Total Market Cap: KSh598.7bTotal Earnings: KSh86.0bTotal Revenue: KSh325.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Kenyan Banks Industry Price to Earnings3Y Average 4.5x202220232024
Current Industry PE
  • Investors are pessimistic on the Kenyan Banks 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 3.2x which is lower than its 3-year average PE of 4.5x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 31% per year over the last three years.
  • Revenues for these companies have grown 22% 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 industry?

KE Market2.00%
Financials3.10%
Banks3.38%
Regional Banks6.98%
Diversified Banks3.37%
Industry PE
  • Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 3.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 4.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 21% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
EQTY Equity Group HoldingsKSh41.008.0%
+KSh11.5b
-10.8%PB0.8x
COOP Co-operative Bank of KenyaKSh12.906.6%
+KSh4.7b
2.8%PB0.7x
IMH I&M GroupKSh18.858.6%
+KSh2.5b
4.7%PB0.4x
NCBA NCBA GroupKSh37.603.6%
+KSh2.1b
3.9%PB0.7x
KCB KCB GroupKSh20.503.3%
+KSh2.1b
-46.5%PB0.3x
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Latest News

BKG

KSh32.15

BK Group

7D

-13.1%

1Y

3.7%

DTK

KSh45.50

Diamond Trust Bank Kenya

7D

-0.1%

1Y

-5.4%

KCB

KSh20.50

KCB Group

7D

3.3%

1Y

-46.5%

NCBA

KSh37.60

NCBA Group

7D

3.6%

1Y

3.9%

ABSA

KSh12.25

Absa Bank Kenya

7D

1.2%

1Y

-2.4%

COOP

KSh12.90

Co-operative Bank of Kenya

7D

6.6%

1Y

2.8%

SBIC

KSh114.75

Stanbic Holdings

7D

0.7%

1Y

5.3%

EQTY

KSh41.00

Equity Group Holdings

7D

8.0%

1Y

-10.8%

IMH

KSh18.85

I&M Group

7D

8.6%

1Y

4.7%

SCBK

KSh164.00

Standard Chartered Bank Kenya

7D

0.3%

1Y

0.6%