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Kenyan (NSE) Banks Industry Analysis
UpdatedDec 31, 2024
DataAggregated Company Financials
Companies11
- 7D2.6%
- 3M18.2%
- 1Y48.5%
- YTD48.4%
In the last week, the Banks industry is up 2.7%, with I&M Group up 13%. This means that the industry has gained 48% over the past year. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Kenyan Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | KSh847.7b | KSh663.7b | KSh224.4b | 3.8x | 3.8x | 1.3x |
| Thu, 28 Nov 2024 | KSh766.6b | KSh657.9b | KSh222.7b | 3.5x | 3.4x | 1.2x |
| Sat, 26 Oct 2024 | KSh762.1b | KSh644.3b | KSh217.9b | 3.7x | 3.5x | 1.2x |
| Mon, 23 Sep 2024 | KSh696.9b | KSh644.7b | KSh218.3b | 3.5x | 3.2x | 1.1x |
| Wed, 21 Aug 2024 | KSh663.0b | KSh626.6b | KSh207.3b | 3.4x | 3.2x | 1.1x |
| Fri, 19 Jul 2024 | KSh689.5b | KSh620.8b | KSh207.1b | 3.5x | 3.3x | 1.1x |
| Sun, 16 Jun 2024 | KSh704.0b | KSh620.7b | KSh207.1b | 3.6x | 3.4x | 1.1x |
| Tue, 14 May 2024 | KSh654.2b | KSh605.6b | KSh192.6b | 3.9x | 3.4x | 1.1x |
| Thu, 11 Apr 2024 | KSh709.1b | KSh606.0b | KSh192.6b | 3.6x | 3.7x | 1.2x |
| Sat, 09 Mar 2024 | KSh612.3b | KSh591.9b | KSh193.0b | 3.6x | 3.2x | 1x |
| Mon, 05 Feb 2024 | KSh589.3b | KSh591.5b | KSh193.2b | 3.1x | 3x | 1x |
| Wed, 03 Jan 2024 | KSh570.7b | KSh591.2b | KSh193.1b | 3x | 3x | 1x |
| Fri, 01 Dec 2023 | KSh562.4b | KSh586.5b | KSh192.4b | 3.5x | 2.9x | 1x |
| Sun, 29 Oct 2023 | KSh576.9b | KSh570.6b | KSh189.0b | 3.7x | 3.1x | 1x |
| Tue, 26 Sep 2023 | KSh589.9b | KSh570.6b | KSh189.0b | 3.9x | 3.1x | 1x |
| Thu, 24 Aug 2023 | KSh608.4b | KSh561.9b | KSh190.6b | 3.9x | 3.2x | 1.1x |
| Sat, 22 Jul 2023 | KSh650.2b | KSh559.3b | KSh187.1b | 4.1x | 3.5x | 1.2x |
| Mon, 19 Jun 2023 | KSh613.6b | KSh559.5b | KSh187.2b | 3.9x | 3.3x | 1.1x |
| Wed, 17 May 2023 | KSh594.0b | KSh535.7b | KSh181.7b | 3.8x | 3.3x | 1.1x |
| Fri, 14 Apr 2023 | KSh682.9b | KSh531.9b | KSh179.7b | 4x | 3.8x | 1.3x |
| Sun, 12 Mar 2023 | KSh669.5b | KSh493.5b | KSh177.5b | 3.6x | 3.8x | 1.4x |
| Tue, 07 Feb 2023 | KSh682.7b | KSh491.0b | KSh176.7b | 3.8x | 3.9x | 1.4x |
| Thu, 05 Jan 2023 | KSh660.1b | KSh491.1b | KSh176.7b | 3.8x | 3.7x | 1.3x |
| Sat, 03 Dec 2022 | KSh642.4b | KSh481.6b | KSh172.9b | 3.4x | 3.7x | 1.3x |
| Mon, 31 Oct 2022 | KSh642.0b | KSh469.8b | KSh166.7b | 3.9x | 3.9x | 1.4x |
| Wed, 28 Sep 2022 | KSh647.8b | KSh469.8b | KSh166.7b | 3.8x | 3.9x | 1.4x |
| Fri, 26 Aug 2022 | KSh656.1b | KSh449.5b | KSh158.0b | 4.2x | 4.2x | 1.5x |
| Sun, 24 Jul 2022 | KSh616.4b | KSh445.2b | KSh156.5b | 3.9x | 3.9x | 1.4x |
| Tue, 21 Jun 2022 | KSh591.3b | KSh444.4b | KSh155.4b | 3.7x | 3.8x | 1.3x |
| Thu, 19 May 2022 | KSh611.4b | KSh426.1b | KSh145.8b | 4.3x | 4.2x | 1.4x |
| Sat, 16 Apr 2022 | KSh695.0b | KSh423.4b | KSh145.6b | 4.7x | 4.8x | 1.6x |
| Mon, 14 Mar 2022 | KSh691.6b | KSh395.2b | KSh130.8b | 5.2x | 5.3x | 1.7x |
| Wed, 09 Feb 2022 | KSh700.3b | KSh391.1b | KSh128.8b | 5.3x | 5.4x | 1.8x |
| Fri, 07 Jan 2022 | KSh698.1b | KSh391.1b | KSh128.8b | n/a | 5.4x | 1.8x |
Price to Earnings Ratio
5.4x
Current Industry PE
- Investors are relatively neutral on the Kenyan Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 3.7x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 19% 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 Market | 0.92% | |
| Financials | 2.47% | |
| Banks | 2.64% | |
| Diversified Banks | 2.65% | |
| Regional Banks | -0.67% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 3.7x.
- Analysts expect its future annual earnings growth (15.8%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 3.6x.
Forecasted Growth
- Analysts are most optimistic on the Diversified 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 Diversified 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 | KSh36.40 | 13.4% +KSh7.1b | 108.0% | PB0.7x | |
| ABSA Absa Bank Kenya | KSh17.65 | 3.5% +KSh3.3b | 54.1% | PB1.2x | |
| EQTY Equity Group Holdings | KSh47.00 | 1.4% +KSh2.5b | 39.7% | PB1x | |
| SCBK Standard Chartered Bank Kenya | KSh279.25 | 2.2% +KSh2.3b | 72.4% | PB1.6x | |
| SBIC Stanbic Holdings | KSh141.25 | 3.7% +KSh2.0b | 29.9% | PB0.8x |