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Nigerian (NSE) Diversified Banks Industry Analysis
UpdatedNov 24, 2024
DataAggregated Company Financials
Companies12
- 7D-2.0%
- 3M25.6%
- 1Y40.7%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has remained flat, although notably Fidelity Bank gained 7.0%. The past year has been better, since the industry has gained 45% in that time. As for the next few years, earnings are forecast to decline by 1.8% per annum.
Industry Valuation and Performance
Has the Nigerian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | ₦7.1t | ₦13.9t | ₦5.4t | 1.6x | 1.3x | 0.5x |
| Tue, 22 Oct 2024 | ₦6.4t | ₦12.8t | ₦4.9t | 1.7x | 1.3x | 0.5x |
| Thu, 19 Sep 2024 | ₦6.3t | ₦12.0t | ₦4.8t | 1.9x | 1.3x | 0.5x |
| Sat, 17 Aug 2024 | ₦5.7t | ₦11.3t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Mon, 15 Jul 2024 | ₦5.7t | ₦11.1t | ₦4.4t | 1.5x | 1.3x | 0.5x |
| Wed, 12 Jun 2024 | ₦5.5t | ₦10.9t | ₦4.4t | 1.4x | 1.3x | 0.5x |
| Fri, 10 May 2024 | ₦5.6t | ₦10.5t | ₦4.2t | 1.4x | 1.3x | 0.5x |
| Sun, 07 Apr 2024 | ₦6.5t | ₦8.0t | ₦2.9t | 2.8x | 2.2x | 0.8x |
| Tue, 05 Mar 2024 | ₦5.8t | ₦8.1t | ₦2.7t | 2.7x | 2.2x | 0.7x |
| Thu, 01 Feb 2024 | ₦6.0t | ₦7.4t | ₦2.6t | 2.8x | 2.3x | 0.8x |
| Sat, 30 Dec 2023 | ₦6.0t | ₦6.8t | ₦2.5t | 3x | 2.4x | 0.9x |
| Mon, 27 Nov 2023 | ₦5.1t | ₦6.8t | ₦2.4t | 2.6x | 2.1x | 0.8x |
| Wed, 25 Oct 2023 | ₦4.7t | ₦6.1t | ₦2.2t | 2.7x | 2.2x | 0.8x |
| Fri, 22 Sep 2023 | ₦4.7t | ₦6.1t | ₦2.0t | 3x | 2.3x | 0.8x |
| Sun, 20 Aug 2023 | ₦4.7t | ₦5.2t | ₦1.4t | 4.4x | 3.5x | 0.9x |
| Tue, 18 Jul 2023 | ₦4.5t | ₦4.9t | ₦1.2t | 4.1x | 3.8x | 0.9x |
| Thu, 15 Jun 2023 | ₦4.3t | ₦4.4t | ₦1.1t | 4.1x | 4x | 1x |
| Sat, 13 May 2023 | ₦3.2t | ₦4.4t | ₦1.1t | 3x | 2.8x | 0.7x |
| Mon, 10 Apr 2023 | ₦3.1t | ₦4.2t | ₦1.2t | 2.7x | 2.6x | 0.7x |
| Wed, 08 Mar 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 2.9x | 2.7x | 0.8x |
| Fri, 03 Feb 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 3x | 2.7x | 0.8x |
| Sun, 01 Jan 2023 | ₦2.9t | ₦4.1t | ₦1.2t | 2.7x | 2.5x | 0.7x |
| Tue, 29 Nov 2022 | ₦2.8t | ₦4.1t | ₦1.2t | 2.4x | 2.4x | 0.7x |
| Thu, 27 Oct 2022 | ₦2.6t | ₦4.0t | ₦1.1t | 2.4x | 2.3x | 0.6x |
| Sat, 24 Sep 2022 | ₦2.8t | ₦3.9t | ₦1.1t | 2.6x | 2.5x | 0.7x |
| Mon, 22 Aug 2022 | ₦2.9t | ₦3.8t | ₦1.1t | 2.6x | 2.6x | 0.8x |
| Wed, 20 Jul 2022 | ₦3.0t | ₦3.7t | ₦1.1t | 2.7x | 2.7x | 0.8x |
| Fri, 17 Jun 2022 | ₦3.0t | ₦3.7t | ₦1.1t | 2.9x | 2.8x | 0.8x |
| Sun, 15 May 2022 | ₦3.3t | ₦3.6t | ₦978.8b | 3.1x | 3.3x | 0.9x |
| Tue, 12 Apr 2022 | ₦3.0t | ₦3.5t | ₦963.7b | 3.2x | 3.1x | 0.9x |
| Thu, 10 Mar 2022 | ₦3.2t | ₦3.4t | ₦943.7b | 3.3x | 3.3x | 0.9x |
| Sat, 05 Feb 2022 | ₦3.2t | ₦3.4t | ₦945.8b | 3.4x | 3.4x | 0.9x |
| Mon, 03 Jan 2022 | ₦3.0t | ₦3.4t | ₦926.8b | 3.2x | 3.2x | 0.9x |
| Wed, 01 Dec 2021 | ₦2.9t | ₦3.3t | ₦861.6b | 3.2x | 3.4x | 0.9x |
Price to Earnings Ratio
3.4x
Current Industry PE
- Investors are pessimistic on the Nigerian Diversified 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 1.3x which is lower than its 3-year average PE of 2.5x.
- The industry is trading close to its 3-year average PS ratio of 0.75x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 84% per year over the last three years.
- Revenues for these companies have grown 61% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Nigerian Diversified Banks compare with similar industries?
| NG Market | -0.043% | |
| Financials | -1.74% | |
| Banks | -1.98% | |
| Diversified Banks | -1.99% | |
| Regional Banks | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FIDELITYBK Fidelity Bank | ₦16.00 | 7.0% +₦33.6b | 77.8% | PB0.7x | |
| ZENITHBANK Zenith Bank | ₦44.30 | 2.3% +₦31.4b | 27.7% | PB0.4x | |
| WEMABANK Wema Bank | ₦8.85 | 4.1% +₦7.5b | 70.5% | PB0.8x | |
| JAIZBANK Jaiz Bank | ₦2.40 | 3.4% +₦2.8b | 46.3% | PB2.2x | |
| NPFMCRFBK NPF Microfinance Bank | ₦1.59 | 6.0% +₦539.4m | -20.5% | PB0.8x |