Absa Group Past Earnings Performance
Past criteria checks 2/6
Absa Group has been growing earnings at an average annual rate of 14.2%, while the Banks industry saw earnings growing at 12.5% annually. Revenues have been growing at an average rate of 6.1% per year. Absa Group's return on equity is 13.7%, and it has net margins of 22.3%.
Key information
14.2%
Earnings growth rate
14.2%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 6.1% |
| Return on equity | 13.7% |
| Net Margin | 22.3% |
| Next Earnings Update | 19 Aug 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Absa Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 89,107 | 19,891 | 3,516 | 0 |
| 30 Sep 23 | 87,496 | 20,282 | 3,165 | 0 |
| 30 Jun 23 | 87,966 | 20,962 | 2,083 | 0 |
| 31 Mar 23 | 86,538 | 20,759 | 2,083 | 0 |
| 31 Dec 22 | 83,028 | 20,265 | 2,813 | 0 |
| 30 Sep 22 | 82,530 | 20,126 | 2,215 | 0 |
| 30 Jun 22 | 82,032 | 19,986 | 1,617 | 0 |
| 31 Mar 22 | 79,687 | 18,875 | 1,617 | 0 |
| 31 Dec 21 | 77,342 | 17,763 | 1,617 | 0 |
| 30 Sep 21 | 74,651 | 15,660 | 1,767 | 0 |
| 30 Jun 21 | 71,863 | 13,557 | 1,917 | 0 |
| 31 Mar 21 | 66,446 | 9,719 | 1,917 | 0 |
| 31 Dec 20 | 61,029 | 5,880 | 1,917 | 0 |
| 30 Sep 20 | 61,779 | 6,490 | 1,864 | 0 |
| 30 Jun 20 | 62,529 | 7,100 | 1,920 | 0 |
| 31 Mar 20 | 67,411 | 10,678 | 1,920 | 0 |
| 31 Dec 19 | 72,292 | 14,256 | 1,920 | 0 |
| 30 Sep 19 | 71,852 | 14,281 | 2,745 | 0 |
| 30 Jun 19 | 71,411 | 14,305 | 3,569 | 0 |
| 31 Mar 19 | 70,782 | 14,111 | 3,569 | 0 |
| 31 Dec 18 | 70,153 | 13,917 | 3,569 | 0 |
| 30 Sep 18 | 69,060 | 13,818 | 2,684 | 0 |
| 30 Jun 18 | 67,966 | 13,718 | 1,799 | 0 |
| 31 Mar 18 | 67,117 | 13,803 | 2,599 | 0 |
| 31 Dec 17 | 66,268 | 13,888 | 3,399 | 0 |
| 30 Sep 17 | 65,548 | 14,500 | 4,045 | 0 |
| 30 Jun 17 | 64,828 | 15,112 | 4,691 | 0 |
| 31 Mar 17 | 64,173 | 14,910 | 4,300 | 0 |
| 31 Dec 16 | 63,517 | 14,708 | 3,908 | 0 |
| 30 Sep 16 | 63,039 | 14,644 | 4,412 | 0 |
| 30 Jun 16 | 62,560 | 14,580 | 4,916 | 0 |
| 31 Mar 16 | 61,402 | 14,456 | 4,508 | 0 |
| 31 Dec 15 | 60,243 | 14,331 | 4,099 | 0 |
| 30 Sep 15 | 59,410 | 14,076 | 3,943 | 0 |
| 30 Jun 15 | 58,577 | 13,820 | 3,786 | 0 |
| 31 Mar 15 | 57,699 | 13,518 | 3,786 | 0 |
| 31 Dec 14 | 56,820 | 13,216 | 3,786 | 0 |
| 30 Sep 14 | 55,777 | 12,885 | 2,785 | 0 |
| 30 Jun 14 | 54,734 | 12,554 | 1,783 | 0 |
| 31 Mar 14 | 53,545 | 12,268 | 2,504 | 0 |
| 31 Dec 13 | 52,355 | 11,981 | 3,225 | 0 |
| 30 Sep 13 | 52,100 | 11,702 | 3,150 | 0 |
| 30 Jun 13 | 51,844 | 11,422 | 2,937 | 0 |
Quality Earnings: AU61 has high quality earnings.
Growing Profit Margin: AU61's current net profit margins (22.3%) are lower than last year (24.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AU61's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: AU61's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AU61 had negative earnings growth (-1.8%) over the past year, making it difficult to compare to the Banks industry average (27%).
Return on Equity
High ROE: AU61's Return on Equity (13.7%) is considered low.