Nigerian (NSE) Diversified Banks Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies11
- 7D-5.6%
- 3M-24.9%
- 1Y79.7%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 5.6%, driven by a pullback from FBN Holdings of 31%. In the past year, the industry has gained 80%. In the next few years, earnings are forecast to decline by 6.6% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | ₦5.2t | ₦8.8t | ₦3.4t | 1.7x | 1.5x | 0.6x |
| Sun, 24 Mar 2024 | ₦6.9t | ₦7.9t | ₦2.7t | 3.1x | 2.6x | 0.9x |
| Tue, 20 Feb 2024 | ₦6.0t | ₦8.0t | ₦2.7t | 2.9x | 2.3x | 0.8x |
| Thu, 18 Jan 2024 | ₦7.5t | ₦6.8t | ₦2.4t | 3.9x | 3.1x | 1.1x |
| Sat, 16 Dec 2023 | ₦5.8t | ₦6.7t | ₦2.4t | 2.9x | 2.4x | 0.9x |
| Mon, 13 Nov 2023 | ₦5.0t | ₦6.7t | ₦2.4t | 2.6x | 2.1x | 0.7x |
| Wed, 11 Oct 2023 | ₦4.6t | ₦6.1t | ₦2.2t | 2.6x | 2.1x | 0.8x |
| Fri, 08 Sep 2023 | ₦4.9t | ₦5.5t | ₦1.6t | 4.2x | 3.2x | 0.9x |
| Sun, 06 Aug 2023 | ₦4.7t | ₦5.2t | ₦1.4t | 4.1x | 3.5x | 0.9x |
| Tue, 04 Jul 2023 | ₦4.5t | ₦4.9t | ₦1.2t | 4.6x | 3.8x | 0.9x |
| Thu, 01 Jun 2023 | ₦3.7t | ₦4.4t | ₦1.1t | 3.3x | 3.2x | 0.8x |
| Sat, 29 Apr 2023 | ₦3.1t | ₦4.3t | ₦1.1t | 3.2x | 2.8x | 0.7x |
| Mon, 27 Mar 2023 | ₦3.1t | ₦4.2t | ₦1.2t | 2.8x | 2.6x | 0.7x |
| Wed, 22 Feb 2023 | ₦3.2t | ₦4.2t | ₦1.2t | 2.8x | 2.7x | 0.8x |
| Fri, 20 Jan 2023 | ₦3.1t | ₦4.1t | ₦1.2t | 2.8x | 2.6x | 0.8x |
| Sun, 18 Dec 2022 | ₦2.9t | ₦4.1t | ₦1.2t | 2.4x | 2.4x | 0.7x |
| Tue, 15 Nov 2022 | ₦2.6t | ₦4.1t | ₦1.2t | 2.4x | 2.2x | 0.6x |
| Thu, 13 Oct 2022 | ₦2.7t | ₦3.9t | ₦1.1t | 2.5x | 2.4x | 0.7x |
| Sat, 10 Sep 2022 | ₦2.9t | ₦3.9t | ₦1.1t | 2.6x | 2.6x | 0.7x |
| Mon, 08 Aug 2022 | ₦2.9t | ₦3.8t | ₦1.1t | 2.6x | 2.6x | 0.8x |
| Wed, 06 Jul 2022 | ₦3.0t | ₦3.7t | ₦1.1t | 2.8x | 2.7x | 0.8x |
| Fri, 03 Jun 2022 | ₦3.2t | ₦3.7t | ₦1.1t | 2.9x | 2.9x | 0.9x |
| Sun, 01 May 2022 | ₦3.3t | ₦3.5t | ₦962.2b | 3.5x | 3.4x | 0.9x |
| Tue, 29 Mar 2022 | ₦3.0t | ₦3.5t | ₦964.2b | 3x | 3.1x | 0.9x |
| Thu, 24 Feb 2022 | ₦3.2t | ₦3.4t | ₦951.2b | 3.4x | 3.4x | 0.9x |
| Sat, 22 Jan 2022 | ₦3.1t | ₦3.4t | ₦927.3b | 3.2x | 3.3x | 0.9x |
| Mon, 20 Dec 2021 | ₦2.9t | ₦3.4t | ₦926.4b | 3.2x | 3.2x | 0.9x |
| Wed, 17 Nov 2021 | ₦3.0t | ₦3.3t | ₦861.5b | 3.4x | 3.5x | 0.9x |
| Fri, 15 Oct 2021 | ₦3.0t | ₦3.3t | ₦853.1b | 3.7x | 3.5x | 0.9x |
| Sun, 12 Sep 2021 | ₦2.7t | ₦3.3t | ₦853.1b | 3.5x | 3.1x | 0.8x |
| Tue, 10 Aug 2021 | ₦2.9t | ₦3.4t | ₦854.3b | 3.7x | 3.4x | 0.9x |
| Mon, 03 May 2021 | ₦2.6t | ₦3.1t | ₦820.4b | 3.6x | 3.2x | 0.8x |
Price to Earnings Ratio
3.2x
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 1.5x which is lower than its 3-year average PE of 2.9x.
- The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 60% per year over the last three years.
- Revenues for these companies have grown 41% 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 | -1.09% | |
| Financials | -6.02% | |
| Banks | -5.54% | |
| Diversified Banks | -5.59% | |
| Regional Banks | -2.43% | |
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 | |
|---|---|---|---|---|---|
| GTCO Guaranty Trust Holding | ₦35.95 | 4.7% +₦34.1b | 44.4% | PB0.5x | |
| ZENITHBANK Zenith Bank | ₦36.40 | 1.1% +₦12.6b | 59.6% | PB0.5x | |
| FIDELITYBK Fidelity Bank | ₦9.00 | 3.4% +₦10.6b | 73.1% | PB0.7x | |
| UBA United Bank for Africa | ₦22.80 | 0.4% +₦3.4b | 190.4% | PB0.4x | |
| UNITYBNK Unity Bank | ₦1.83 | 1.7% +₦350.7m | 238.9% | PE-0.4x |