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Nigerian (NSE) Diversified Banks Industry Analysis
UpdatedFeb 04, 2025
DataAggregated Company Financials
Companies12
- 7D-3.3%
- 3M14.9%
- 1Y23.0%
- YTDn/a
The Diversified Banks industry is up 2.4% in the last week, with FCMB Group up 2.3%. This means that the industry has gained 20% over the past year. As for the next few years, earnings are expected to grow by 4.0% 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 |
|---|---|---|---|---|---|---|
| Tue, 04 Feb 2025 | ₦8.9t | ₦13.8t | ₦5.5t | 2.3x | 1.6x | 0.6x |
| Thu, 02 Jan 2025 | ₦7.5t | ₦13.7t | ₦5.3t | 1.7x | 1.4x | 0.5x |
| Sat, 30 Nov 2024 | ₦7.1t | ₦13.9t | ₦5.4t | 1.6x | 1.3x | 0.5x |
| Mon, 28 Oct 2024 | ₦6.8t | ₦12.8t | ₦4.9t | 1.9x | 1.4x | 0.5x |
| Wed, 25 Sep 2024 | ₦6.5t | ₦12.2t | ₦4.8t | 1.9x | 1.4x | 0.5x |
| Fri, 23 Aug 2024 | ₦5.7t | ₦11.3t | ₦4.4t | 1.4x | 1.3x | 0.5x |
| Sun, 21 Jul 2024 | ₦5.8t | ₦11.1t | ₦4.4t | 1.6x | 1.3x | 0.5x |
| Tue, 18 Jun 2024 | ₦5.5t | ₦10.9t | ₦4.4t | 1.4x | 1.3x | 0.5x |
| Thu, 16 May 2024 | ₦5.4t | ₦10.6t | ₦4.2t | 1.4x | 1.3x | 0.5x |
| Sat, 13 Apr 2024 | ₦6.1t | ₦8.8t | ₦3.4t | 1.9x | 1.8x | 0.7x |
| Mon, 11 Mar 2024 | ₦5.8t | ₦8.2t | ₦2.7t | 2.6x | 2.1x | 0.7x |
| Wed, 07 Feb 2024 | ₦6.3t | ₦7.8t | ₦2.6t | 3x | 2.4x | 0.8x |
| Fri, 05 Jan 2024 | ₦6.5t | ₦6.9t | ₦2.5t | 3.2x | 2.7x | 1x |
| Sun, 03 Dec 2023 | ₦5.3t | ₦6.6t | ₦2.4t | 2.6x | 2.2x | 0.8x |
| Tue, 31 Oct 2023 | ₦4.8t | ₦6.4t | ₦2.3t | 2.5x | 2.1x | 0.7x |
| Thu, 28 Sep 2023 | ₦4.6t | ₦6.1t | ₦2.2t | 2.5x | 2.1x | 0.7x |
| Sat, 26 Aug 2023 | ₦4.5t | ₦5.3t | ₦1.4t | 4.3x | 3.3x | 0.9x |
| Mon, 24 Jul 2023 | ₦4.9t | ₦5.1t | ₦1.3t | 4.6x | 3.8x | 1x |
| Wed, 21 Jun 2023 | ₦4.2t | ₦4.8t | ₦1.2t | 4.1x | 3.6x | 0.9x |
| Fri, 19 May 2023 | ₦3.3t | ₦4.4t | ₦1.1t | 3.1x | 2.9x | 0.7x |
| Sun, 16 Apr 2023 | ₦3.1t | ₦4.3t | ₦1.2t | 2.7x | 2.5x | 0.7x |
| Tue, 14 Mar 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 2.8x | 2.7x | 0.8x |
| Thu, 09 Feb 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 2.9x | 2.7x | 0.8x |
| Sat, 07 Jan 2023 | ₦3.0t | ₦4.1t | ₦1.2t | 2.7x | 2.6x | 0.7x |
| Mon, 05 Dec 2022 | ₦2.8t | ₦4.1t | ₦1.2t | 2.5x | 2.4x | 0.7x |
| Wed, 02 Nov 2022 | ₦2.6t | ₦4.1t | ₦1.2t | 2.5x | 2.2x | 0.6x |
| Fri, 30 Sep 2022 | ₦2.8t | ₦3.9t | ₦1.1t | 2.6x | 2.5x | 0.7x |
| Sun, 28 Aug 2022 | ₦2.9t | ₦3.8t | ₦1.1t | 2.6x | 2.6x | 0.8x |
| Tue, 26 Jul 2022 | ₦2.9t | ₦3.7t | ₦1.1t | 2.7x | 2.7x | 0.8x |
| Thu, 23 Jun 2022 | ₦2.9t | ₦3.7t | ₦1.1t | 2.9x | 2.7x | 0.8x |
| Sat, 21 May 2022 | ₦3.3t | ₦3.6t | ₦978.8b | 3.1x | 3.3x | 0.9x |
| Mon, 18 Apr 2022 | ₦3.1t | ₦3.5t | ₦958.0b | 3.2x | 3.2x | 0.9x |
| Wed, 16 Mar 2022 | ₦3.2t | ₦3.4t | ₦929.7b | 3.4x | 3.4x | 0.9x |
| Fri, 11 Feb 2022 | ₦3.2t | ₦3.4t | ₦946.0b | 3.5x | 3.4x | 1x |
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 1.6x which is lower than its 3-year average PE of 2.4x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 79% per year over the last three years.
- Revenues for these companies have grown 60% 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 | -0.056% | |
| Financials | -2.27% | |
| Banks | -3.29% | |
| Diversified Banks | -3.30% | |
| Regional Banks | 0% | 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 | |
|---|---|---|---|---|---|
| FCMB FCMB Group | ₦11.15 | -5.9% ₦206.9b | 11.5% | PB0.8x | |
| WEMABANK Wema Bank | ₦11.40 | 3.6% +₦8.6b | 6.5% | PB0.9x | |
| JAIZBANK Jaiz Bank | ₦3.30 | 4.8% +₦5.2b | 23.6% | PB2.4x | |
| NPFMCRFBK NPF Microfinance Bank | ₦1.73 | 0.6% +₦59.9m | -15.6% | PB0.8x |