Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Diamond Bank. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Diamond Bank's earnings available for a low price, and how does
this compare to other companies in the same industry?
Diamond Bank's earnings are expected to grow significantly at over 20% yearly.
Unable to determine if Diamond Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Diamond Bank's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Uzoma Chuckwumaeze Dozie has been Chief Executive Officer at Commonwealth Trade Bank Plc since October 2018, Group Managing Director since 2019 and also serves as its Director. Mr. Dozie started his banking career in the Commercial Banking Unit at Guaranty Trust Bank Plc where he worked for some years and later moved to Citizens International Bank Limited where he worked in the Oil and Gas Division. Thereafter, he joined Diamond Bank Limited as Manager and Head of the Bank’s Oil and Gas Unit. He was at a time Head, Financial Control, then Retail Banking (where he spear-headed the introduction of lifestyle-changing retail products). He equally headed two distinctive strategic business units in the Bank before his appointment as an Executive Director in 2005, during which time he supervised the Retail Banking and Corporate Banking Divisions of the Bank. He at a time, acted as the Bank’s Chief Financial Officer. Mr. Dozie was the Executive Director in charge of Lagos Businesses between 2011 and 2013 until his appointment as a Deputy Managing Director in April 2013 and charged with the responsibility to oversee the Retail Banking Directorate of the Bank. He has attended various specialist and executive development courses in Nigeria and overseas. Mr. Dozie graduated in 1991 with a Bachelor of Science degree in Chemistry from the University of Reading, Berkshire England. He obtained a Master of Science degree in Chemical Research from University College, University of London in 1992 and an MBA with specialisation in Finance, from Imperial College Management School, London in 1998. He also attended the Program for Management Development at the Harvard Business School, Boston, Massachusetts, USA.
Insufficient data for Uzoma to compare compensation growth.
Insufficient data for Uzoma to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the
management team in years:
The tenure for the Diamond Bank management team is about average.
CEO, Group MD & Director
CFO & Executive Director
Head of Operations
Chief Information Officer & Head of IT Services
Head of Administration
Head of Investor Relations
Chief Compliance Officer
Company Secretary & Legal Adviser
Head of Corporate Communications
Head of Sales
Board of Directors Tenure
Average tenure of the
board of directors in years:
The average tenure for the Diamond Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors
CEO, Group MD & Director
CFO & Executive Director
Executive Director of Business Banking Division & Director
As of March 19, 2019, Diamond Bank Plc was acquired by Access Bank Plc. Diamond Bank Plc, together with its subsidiary, provides banking and other financial services to corporate and individual customers in Nigeria, rest of West Africa, and Europe. The company operates through four segments: Treasury, Business Banking, Retail Banking, and Corporate Banking. It offers investment, commercial and retail banking, securities dealing, and custodian services. The company’s personal banking products and services include current and savings accounts, as well as term deposits; consumer loans, such as personal, auto, mortgage, pay day, and school fees loans, as well as asset leasing services; debit and credit cards; and agency and merchant services. Its business banking products and services comprise current and currency accounts; emerging businesses revolving and installment loans, and loans for the healthcare sector; local purchase order, import, and contract finance services, as well as revolving credit; and treasury bills and investment notes. In addition, the company offers guarantees, letters of credit, trade finance, and trade collection services; foreign exchange and cash management services; insurance products; and payment, online and electronic banking, and money transfer services. Diamond Bank Plc was incorporated in 1990 and is headquartered in Lagos, Nigeria.
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