Nigerian (NSE) Thrifts and Mortgage Finance Industry Analysis

Industry Valuation and Performance

Has the Nigerian Thrifts and Mortgage Finance Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 24 Jan 2023	₦43.7b	₦6.2b	₦2.2b	9.7x	19.5x	7x
Thu, 22 Dec 2022	₦42.6b	₦6.1b	₦2.0b	11.6x	21.5x	7x
Sat, 19 Nov 2022	₦42.3b	₦6.1b	₦2.0b	11.1x	21.4x	6.9x
Mon, 17 Oct 2022	₦42.3b	₦5.8b	₦1.9b	10.4x	21.7x	7.3x
Wed, 14 Sep 2022	₦42.3b	₦5.8b	₦2.0b	10.4x	21.3x	7.3x
Fri, 12 Aug 2022	₦42.3b	₦5.8b	₦1.9b	10.4x	21.8x	7.3x
Sun, 10 Jul 2022	₦41.1b	₦5.6b	₦1.9b	10x	21.9x	7.3x
Tue, 07 Jun 2022	₦41.9b	₦5.5b	₦1.8b	10x	22.7x	7.7x
Thu, 05 May 2022	₦35.7b	₦5.3b	₦1.8b	10.4x	20x	6.7x
Sat, 02 Apr 2022	₦34.9b	₦5.0b	₦1.7b	10.8x	20.3x	6.9x
Mon, 28 Feb 2022	₦34.9b	₦4.8b	₦1.7b	11.3x	21x	7.2x
Wed, 26 Jan 2022	₦23.8b	₦2.4b	₦1.0b	10.8x	22.9x	9.9x
Fri, 24 Dec 2021	₦22.9b	₦2.4b	₦1.0b	10x	22x	9.5x
Sun, 21 Nov 2021	₦22.1b	₦2.4b	₦1.1b	8.9x	20.6x	9.1x
Tue, 19 Oct 2021	₦21.7b	₦2.4b	₦1.1b	8.6x	20.3x	8.9x
Thu, 16 Sep 2021	₦18.5b	₦5.9b	₦286.6m	10.6x	64.7x	3.1x
Sat, 14 Aug 2021	₦16.3b	₦5.9b	₦1.1b	10.6x	14.5x	2.8x
Wed, 09 Jun 2021	₦16.4b	₦5.5b	₦868.0m	16.6x	18.9x	3x
Tue, 02 Mar 2021	₦16.4b	₦5.3b	₦709.0m	25.7x	23.2x	3.1x
Fri, 04 Dec 2020	₦22.8b	₦5.8b	₦68.0m	27.4x	335.8x	3.9x
Mon, 07 Sep 2020	₦22.8b	₦5.7b	₦144.4m	35.5x	158x	4x
Sun, 31 May 2020	₦23.0b	₦6.0b	₦493.9m	35.5x	46.5x	3.8x
Wed, 04 Mar 2020	₦22.7b	₦6.1b	₦565.5m	35.5x	40.1x	3.7x

Current Industry PE

Investors are pessimistic on the Nigerien Thrifts and Mortgage Finance 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 22.1x which is lower than its 3-year average PE of 62.6x.

The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 7.1x.

Past Earnings Growth

The earnings for companies in the Thrifts and Mortgage Finance industry have grown 52% per year over the last three years, while revenues have remained mostly flat.
This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Nigerian Thrifts and Mortgage Finance compare with similar industries?


NG Market	-0.24%
Financials	0.89%
Mortgage Finance	3.61%
Thrifts and Mortgage Finance	3.61%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

	Company	Last Price	7D	1Y	Valuation
	ABBEYBDS Abbey Mortgage Bank	₦1.68	9.8% +₦1.5b	61.5%	PB2.3x

Company

Last Price

Valuation

ABBEYBDS Abbey Mortgage Bank

₦1.68

9.8%
+₦1.5b

61.5%

PB2.3x

Nov 16

Industry Valuation and Performance