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Kenyan (NSE) Telecom Sector Analysis

UpdatedMar 25, 2023
DataAggregated Company Financials
  • 7D15.5%
  • 3M-23.1%
  • 1Y-47.3%
  • YTD-21.3%

All of the companies in the Telecom industry have been up over the last week, with the industry up 15%. However, the industry is down 47% over the past year. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

Has the Kenyan Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Mar 2023KSh762.9bKSh324.4bKSh66.0b8.6x11.6x2.4x
Tue, 21 Feb 2023KSh947.3bKSh324.4bKSh66.0b10x14.4x2.9x
Thu, 19 Jan 2023KSh831.3bKSh324.9bKSh66.1b12.5x12.6x2.6x
Sat, 17 Dec 2022KSh1.0tKSh323.2bKSh65.0b15.2x15.5x3.1x
Mon, 14 Nov 2022KSh1.0tKSh323.2bKSh65.0b15.3x15.7x3.1x
Wed, 12 Oct 2022KSh1.0tKSh316.1bKSh68.7b14.9x15.2x3.3x
Fri, 09 Sep 2022KSh1.2tKSh316.4bKSh69.0b17.2x17.5x3.8x
Sun, 07 Aug 2022KSh1.2tKSh316.4bKSh69.0b17.3x17.6x3.8x
Tue, 05 Jul 2022KSh1.1tKSh316.4bKSh69.0b15.3x15.5x3.4x
Thu, 02 Jun 2022KSh1.0tKSh316.0bKSh69.1b15x15.2x3.3x
Sat, 30 Apr 2022KSh1.4tKSh303.8bKSh72.1b18.6x18.8x4.5x
Mon, 28 Mar 2022KSh1.4tKSh303.8bKSh72.1b19.8x20.1x4.8x
Wed, 23 Feb 2022KSh1.5tKSh303.8bKSh72.1b20.9x21.1x5x
Fri, 21 Jan 2022KSh1.5tKSh303.8bKSh72.1b20.7x21x5x
Sun, 19 Dec 2021KSh1.5tKSh303.6bKSh71.9b13.2x21.3x5x
Tue, 16 Nov 2021KSh1.6tKSh303.6bKSh72.0b13.9x22.5x5.3x
Thu, 14 Oct 2021KSh1.7tKSh281.8bKSh67.9b15.5x24.8x6x
Sat, 11 Sep 2021KSh1.7tKSh281.8bKSh67.4b16.1x25.4x6.1x
Mon, 09 Aug 2021KSh1.7tKSh281.8bKSh67.4b16.2x25.7x6.1x
Sun, 02 May 2021KSh1.6tKSh281.4bKSh67.0b16.3x24.3x5.8x
Wed, 03 Feb 2021KSh1.4tKSh277.7bKSh68.0b42.4x21.3x5.2x
Sat, 07 Nov 2020KSh1.2tKSh275.1bKSh69.7b37.9x17.9x4.5x
Fri, 31 Jul 2020KSh1.1tKSh280.7bKSh71.3b24.5x16x4.1x
Mon, 04 May 2020KSh1.2tKSh285.0bKSh73.4b12.2x15.8x4.1x
Price to Earnings Ratio


Total Market Cap: KSh1.1tTotal Earnings: KSh73.4bTotal Revenue: KSh285.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Kenyan Telecom Sector Price to Earnings3Y Average 18.9x202120222023
Current Industry PE
  • Investors are pessimistic on the Kenyan Communication Services 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 11.6x which is lower than its 3-year average PE of 18.9x.
  • The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 3.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Kenyan Telecom sector?

KE Market7.46%
Wireless Telecom15.60%
Interactive Media and Services0%
Telecom Services and Carriers0%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Wireless Telecom industry, which is trading below its 3-year average of 18.5x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Wireless Telecom industry since they expect its earnings to decline by only 0.5% per year over the next 5 years, which isn't as bad as the other industries.
  • In contrast, the Wireless Telecom industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SCOM SafaricomKSh18.9015.6%
SCAN WPP ScangroupKSh2.975.7%
NMG Nation Media GroupKSh14.902.1%
LKL Longhorn PublishersKSh2.797.7%
SGL Standard GroupKSh9.804.3%
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Longhorn Publishers







WPP Scangroup







Standard Group







Nation Media Group