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Nigerian (NSE) Diversified Banks Industry Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies11
  • 7D-1.7%
  • 3M19.7%
  • 1Y93.8%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has dropped 1.7%, driven by a pullback from Access Holdings of 6.9%. Meanwhile, FBN Holdings actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 94%. As for the next few years, earnings are forecast to decline by 2.2% per annum.

Industry Valuation and Performance

Has the Nigerian Diversified Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024₦6.0t₦8.0t₦2.7t2.7x2.2x0.7x
Mon, 22 Jan 2024₦7.2t₦6.8t₦2.5t3.8x2.9x1.1x
Wed, 20 Dec 2023₦5.9t₦6.7t₦2.4t2.9x2.4x0.9x
Fri, 17 Nov 2023₦5.1t₦6.8t₦2.4t2.6x2.1x0.7x
Sun, 15 Oct 2023₦4.6t₦6.1t₦2.2t2.6x2.1x0.7x
Tue, 12 Sep 2023₦4.8t₦5.4t₦1.6t3.9x3.1x0.9x
Thu, 10 Aug 2023₦4.8t₦5.2t₦1.4t4.4x3.5x0.9x
Sat, 08 Jul 2023₦5.0t₦4.9t₦1.2t4.8x4.2x1x
Mon, 05 Jun 2023₦3.7t₦4.4t₦1.1t3.6x3.4x0.8x
Wed, 03 May 2023₦3.1t₦4.4t₦1.1t3x2.7x0.7x
Fri, 31 Mar 2023₦3.1t₦4.1t₦1.2t2.8x2.7x0.8x
Sun, 26 Feb 2023₦3.2t₦4.2t₦1.2t2.9x2.7x0.8x
Tue, 24 Jan 2023₦3.1t₦4.1t₦1.2t2.8x2.6x0.8x
Thu, 22 Dec 2022₦2.9t₦4.1t₦1.2t2.5x2.5x0.7x
Sat, 19 Nov 2022₦2.7t₦4.1t₦1.2t2.4x2.3x0.7x
Mon, 17 Oct 2022₦2.6t₦3.9t₦1.1t2.4x2.3x0.7x
Wed, 14 Sep 2022₦2.9t₦3.9t₦1.1t2.5x2.6x0.7x
Fri, 12 Aug 2022₦2.9t₦3.8t₦1.1t2.6x2.6x0.8x
Sun, 10 Jul 2022₦2.9t₦3.7t₦1.1t2.8x2.7x0.8x
Tue, 07 Jun 2022₦3.1t₦3.7t₦1.1t2.9x2.9x0.8x
Thu, 05 May 2022₦3.3t₦3.6t₦978.8b3.1x3.4x0.9x
Sat, 02 Apr 2022₦2.9t₦3.5t₦966.4b3x3x0.8x
Mon, 28 Feb 2022₦3.2t₦3.4t₦951.2b3.4x3.4x1x
Wed, 26 Jan 2022₦3.0t₦3.4t₦927.4b3.3x3.3x0.9x
Fri, 24 Dec 2021₦2.9t₦3.4t₦926.6b3.1x3.2x0.9x
Sun, 21 Nov 2021₦2.9t₦3.4t₦859.6b3.3x3.4x0.9x
Tue, 19 Oct 2021₦3.0t₦3.3t₦853.1b3.7x3.5x0.9x
Thu, 16 Sep 2021₦2.7t₦3.3t₦853.1b3.5x3.1x0.8x
Sat, 14 Aug 2021₦2.9t₦3.4t₦854.3b3.6x3.4x0.9x
Wed, 09 Jun 2021₦2.6t₦3.1t₦820.4b3.5x3.2x0.8x
Tue, 02 Mar 2021₦2.8t₦3.1t₦806.3b3.6x3.5x0.9x
Price to Earnings Ratio

3.5x


Total Market Cap: ₦2.8tTotal Earnings: ₦806.3bTotal Revenue: ₦3.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Diversified Banks Industry Price to Earnings3Y Average 3x202220232024
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 2.2x which is lower than its 3-year average PE of 3.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 49% per year over the last three years.
  • Revenues for these companies have grown 37% 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-4.45%
Financials-2.76%
Banks-1.75%
Diversified Banks-1.66%
Regional Banks-7.30%
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?

CompanyLast Price7D1YValuation
FBNH FBN Holdings₦31.0010.7%
+₦107.7b
167.2%PB0.7x
GTCO Guaranty Trust Holding₦39.050.1%
+₦1.1b
53.1%PB0.7x
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Latest News

WEMABANK

₦8.30

Wema Bank

7D

-11.7%

1Y

107.5%

FCMB

₦7.95

FCMB Group

7D

-9.7%

1Y

78.3%

FBNH

₦31.00

FBN Holdings

7D

10.7%

1Y

167.2%

ACCESSCORP

₦20.95

Access Holdings

7D

-6.9%

1Y

127.7%

FIDELITYBK

₦10.45

Fidelity Bank

7D

-1.4%

1Y

106.9%

ZENITHBANK

₦35.30

Zenith Bank

7D

-1.4%

1Y

37.1%

GTCO

₦39.05

Guaranty Trust Holding

7D

0.1%

1Y

53.1%

UBA

₦23.90

United Bank for Africa

7D

-4.0%

1Y

181.2%

ETI

₦24.10

Ecobank Transnational

7D

-6.9%

1Y

85.4%