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Nigerian (NSE) Diversified Financial Industry Analysis

UpdatedJul 23, 2024
DataAggregated Company Financials
Companies7
  • 7D-0.9%
  • 3M14.2%
  • 1Y-20.5%
  • YTD-14.9%

Over the last 7 days, the Diversified Financial industry has dropped 1.2%, driven by a pullback from Stanbic IBTC Holdings of 1.5%. On the other hand Abbey Mortgage Bank is actually up 7.6%. The industry has fallen 14% in the last year. Earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jul 2024₦808.4b₦429.8b₦159.3b18.2x5.1x1.9x
Thu, 20 Jun 2024₦789.2b₦429.8b₦159.3b18.2x5x1.8x
Sat, 18 May 2024₦792.2b₦429.8b₦158.6b24.1x5x1.8x
Mon, 15 Apr 2024₦805.7b₦378.9b₦141.8b26.4x5.7x2.1x
Wed, 13 Mar 2024₦818.8b₦378.9b₦141.8b25.2x5.8x2.2x
Fri, 09 Feb 2024₦909.7b₦378.9b₦141.8b27.1x6.4x2.4x
Sun, 07 Jan 2024₦976.7b₦353.4b₦135.7b28x7.2x2.8x
Tue, 05 Dec 2023₦904.9b₦353.4b₦135.7b12.1x6.7x2.6x
Thu, 02 Nov 2023₦1.1t₦349.5b₦135.3b16x8x3.1x
Sat, 30 Sep 2023₦1.1t₦320.9b₦118.4b18.7x9.6x3.5x
Mon, 28 Aug 2023₦976.2b₦288.1b₦95.8b19.4x10.2x3.4x
Wed, 26 Jul 2023₦1.0t₦287.1b₦95.6b13.5x10.8x3.6x
Fri, 23 Jun 2023₦800.3b₦286.5b₦95.4b17.3x8.4x2.8x
Sun, 21 May 2023₦570.6b₦286.5b₦95.4b17.3x6x2x
Tue, 18 Apr 2023₦530.0b₦258.9b₦81.3b19.2x6.5x2x
Thu, 16 Mar 2023₦518.3b₦230.5b₦78.4b6.6x6.6x2.2x
Sat, 11 Feb 2023₦447.0b₦230.5b₦78.4b5.7x5.7x1.9x
Mon, 09 Jan 2023₦433.4b₦214.9b₦69.5b6.2x6.2x2x
Wed, 07 Dec 2022₦395.8b₦214.9b₦69.5b5.7x5.7x1.8x
Fri, 04 Nov 2022₦362.8b₦214.9b₦69.5b5.2x5.2x1.7x
Sun, 02 Oct 2022₦388.7b₦200.3b₦62.4b6.2x6.2x1.9x
Tue, 30 Aug 2022₦395.2b₦200.3b₦62.4b6.3x6.3x2x
Thu, 28 Jul 2022₦408.8b₦188.3b₦58.1b7x7x2.2x
Sat, 25 Jun 2022₦421.1b₦188.3b₦58.1b7.2x7.2x2.2x
Mon, 23 May 2022₦447.0b₦188.3b₦58.1b7.7x7.7x2.4x
Wed, 20 Apr 2022₦430.8b₦172.7b₦54.4b7.9x7.9x2.5x
Fri, 18 Mar 2022₦450.9b₦171.8b₦54.4b8.3x8.3x2.6x
Sun, 13 Feb 2022₦447.7b₦171.8b₦54.4b8.2x8.2x2.6x
Tue, 11 Jan 2022₦479.4b₦165.5b₦54.6b8.9x8.8x2.9x
Thu, 09 Dec 2021₦479.4b₦165.5b₦54.6b8.8x8.8x2.9x
Sat, 06 Nov 2021₦505.3b₦165.5b₦54.6b9.3x9.3x3.1x
Mon, 04 Oct 2021₦505.3b₦167.3b₦58.2b8.7x8.7x3x
Wed, 01 Sep 2021₦531.2b₦167.3b₦58.2b9.1x9.1x3.2x
Price to Earnings Ratio

9.1x


Total Market Cap: ₦531.2bTotal Earnings: ₦58.2bTotal Revenue: ₦167.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Diversified Financial Industry Price to Earnings3Y Average 7.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Nigerian Diversified Financial 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 5.1x which is lower than its 3-year average PE of 7.3x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Diversified Financial industry have grown 40% 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 Trends

Which industries have driven the changes within the Nigerian Financials industry?

NG Market0.099%
Financials-0.10%
Diversified Financial-0.92%
Transaction and Payment Processing Services2.04%
Multi-Sector Holdings0%
Specialized Finance0%
Other Diversified Financial Services-1.47%
Industry PE
  • Investors are most optimistic about the Transaction and Payment Processing Services industry even though it's trading below its 3-year average PE ratio of 32.8x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Other Diversified Financial Services industry, which is trading below its 3-year average of 6.9x.
Forecasted Growth
  • Analysts are most optimistic on the Other Diversified Financial Services industry, expecting annual earnings growth of 31% over the next 5 years.
  • However this is lower than its past earnings growth rate of 68% per year.
  • In contrast, the Other Diversified Financial Services industry is expected to see its earnings grow by 31% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ABBEYBDS Abbey Mortgage Bank₦2.707.6%
+₦1.9b
167.3%PE15.8x
ETRANZACT eTranzact International₦5.002.0%
+₦920.0m
-52.2%PE20.7x
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Latest News

STANBIC

₦53.50

Stanbic IBTC Holdings

7D

-1.5%

1Y

-22.4%

ETRANZACT

₦5.00

eTranzact International

7D

2.0%

1Y

-52.2%

ABBEYBDS

₦2.70

Abbey Mortgage Bank

7D

7.6%

1Y

167.3%