ZENB Stock Overview

Provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally. More details

ZENB fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	6/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 82.4% below our estimate of its fair value

Earnings are forecast to grow 11.64% per year

Earnings grew by 121.1% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Zenith Bank Plc Competitors

Bank of Georgia Group

LSE:BGEO

UK£2.0b

TBC Bank Group

LSE:TBCG

UK£1.8b

Close Brothers Group

LSE:CBG

UK£475.9m

Arbuthnot Banking Group

AIM:ARBB

UK£152.7m

Price History & Performance

Summary of share price highs, lows and changes for Zenith Bank
Historical stock prices
Current Share Price	₦2.90
52 Week High	₦0
52 Week Low	₦0
Beta	0.82
1 Month Change	0%
3 Month Change	0%
1 Year Change	0%
3 Year Change	0%
5 Year Change	0%
Change since IPO	-56.06%

Recent updates

Shareholder Returns

	ZENB	GB Banks	GB Market
7D	0%	2.5%	2.0%
1Y	0%	53.6%	10.8%

Return vs Industry: ZENB underperformed the UK Banks industry which returned 54% over the past year.

Return vs Market: ZENB underperformed the UK Market which returned 10.4% over the past year.

Price Volatility

Is ZENB's price volatile compared to industry and market?
ZENB volatility
ZENB Average Weekly Movement	0%
Banks Industry Average Movement	3.8%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine ZENB's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1990	8,146	Adaora Umeoji	www.zenithbank.com

Zenith Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally. The company accepts current, savings, salary, domiciliary, and children’s accounts; fixed and call deposits, certificate of deposits, and short-term investment funds; sole proprietorship/enterprise and partnership accounts, and trust funds; clubs, societies, and associations accounts; and limited liability company, non-governmental organization, embassies and high commission, and church accounts. It also offers term loans and leasing services; overdrafts, receivable/invoice discounting, and LPO finance services; import and export finance facilities; MSME and scheme loans; education loans; and bonds and guarantees.

Zenith Bank Plc Fundamentals Summary

How do Zenith Bank's earnings and revenue compare to its market cap?
ZENB fundamental statistics
Market cap	US$1.06b
Earnings (TTM)	US$716.36m
Revenue (TTM)	US$1.41b

1.5x

P/E Ratio

0.5x

P/B Ratio

Is ZENB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZENB income statement (TTM)
Revenue	₦2.11t
Cost of Revenue	₦0
Gross Profit	₦2.11t
Other Expenses	₦1.04t
Earnings	₦1.07t

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	34.06
Gross Margin	100.00%
Net Profit Margin	50.80%
Debt/Equity Ratio	80.2%

How did ZENB perform over the long term?

See historical performance and comparison

Dividends

8.9%

Current Dividend Yield

13%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 04:05
End of Day Share Price	2025/01/31 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zenith Bank Plc is covered by 23 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Timothy Wambu	Absa Bank Limited
null null	ARM Research
Jaap Meijer	Arqaam Capital Research Offshore S.A.L.

Zenith Bank LSE:ZENB Stock Report