| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
CAL Overview
CalBank PLC provides various banking and financial solutions for large corporations, small and medium-sized enterprises, and retail customers in Ghana.
CalBank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | GH₵0.76 |
| 52 Week High | GH₵0 |
| 52 Week Low | GH₵0 |
| Beta | 0.35 |
| 1 Month Change | 2.70% |
| 3 Month Change | 8.57% |
| 1 Year Change | 8.57% |
| 3 Year Change | -26.21% |
| 5 Year Change | 2.19% |
| Change since IPO | 155.46% |
Recent News & Updates
Shareholder Returns
| CAL | GH Banks | GH Market | |
|---|---|---|---|
| 7D | 0% | 0% | 0.1% |
| 1Y | 8.6% | 39.9% | 72.4% |
Return vs Industry: CAL underperformed the GH Banks industry which returned 39.9% over the past year.
Return vs Market: CAL underperformed the GH Market which returned 70.8% over the past year.
Price Volatility
| CAL volatility | |
|---|---|
| CAL Beta | 0.35 |
| Industry Beta | 0.58 |
| Market Beta | 1 |
Stable Share Price: CAL is less volatile than 75% of GH stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: CAL's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 849 | Philip Owiredu | https://calbank.net |
CalBank PLC provides various banking and financial solutions for large corporations, small and medium-sized enterprises, and retail customers in Ghana. It operates through five segments: Corporate Banking, Retail & Business Banking, Treasury, Brokerage, and Asset Management. The Corporate Banking segment offers loans and other credit facilities, as well as deposits, and other transactions and balances to corporate clients, institutional clients, and public sector entities.
CalBank Fundamentals Summary
| CAL fundamental statistics | |
|---|---|
| Market Cap | GH₵475.45m |
| Earnings (TTM) | GH₵237.13m |
| Revenue (TTM) | GH₵656.82m |
2.0x
P/E Ratio0.4x
P/B RatioIs CAL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CAL income statement (TTM) | |
|---|---|
| Revenue | GH₵656.82m |
| Cost of Revenue | GH₵0 |
| Gross Profit | GH₵656.82m |
| Expenses | GH₵419.70m |
| Earnings | GH₵237.13m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 11, 2021
| Earnings per share (EPS) | 0.38 |
| Gross Margin | 100.00% |
| Net Profit Margin | 36.10% |
| Debt/Equity Ratio | 174.8% |
How did CAL perform over the long term?
See historical performance and comparisonDividends
14.5%
Current Dividend Yield32%
Payout RatioValuation
Is CalBank undervalued compared to its fair value and its price relative to the market?
28.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CAL (GHS0.76) is trading below our estimate of fair value (GHS1.06)
Significantly Below Fair Value: CAL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CAL is good value based on its PE Ratio (2x) compared to the GH Banks industry average (4.1x).
PE vs Market: CAL is good value based on its PE Ratio (2x) compared to the GH market (5.2x).
Price to Earnings Growth Ratio
PEG Ratio: CAL is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: CAL is good value based on its PB Ratio (0.4x) compared to the GH Banks industry average (0.7x).
Future Growth
How is CalBank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
16.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAL's forecast earnings growth (16.2% per year) is above the savings rate (9.1%).
Earnings vs Market: CAL's earnings (16.2% per year) are forecast to grow faster than the GH market (12.7% per year).
High Growth Earnings: CAL's earnings are forecast to grow, but not significantly.
Revenue vs Market: CAL's revenue (16.2% per year) is forecast to grow faster than the GH market (15.8% per year).
High Growth Revenue: CAL's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CAL's Return on Equity is forecast to be high in 3 years time (22.5%)
Past Performance
How has CalBank performed over the past 5 years?
22.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAL has high quality earnings.
Growing Profit Margin: CAL's current net profit margins (36.1%) are higher than last year (32.4%).
Past Earnings Growth Analysis
Earnings Trend: CAL's earnings have grown significantly by 22.7% per year over the past 5 years.
Accelerating Growth: CAL's earnings growth over the past year (39.8%) exceeds its 5-year average (22.7% per year).
Earnings vs Industry: CAL earnings growth over the past year (39.8%) exceeded the Banks industry 32.6%.
Return on Equity
High ROE: Whilst CAL's Return on Equity (20.29%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is CalBank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CAL's Assets to Equity ratio (7.8x) is low.
Allowance for Bad Loans: CAL has a low allowance for bad loans (67%).
Low Risk Liabilities: 71% of CAL's liabilities are made up of primarily low risk sources of funding.
Loan Level: CAL has an appropriate level of Loans to Assets ratio (24%).
Low Risk Deposits: CAL's Loans to Deposits ratio (39%) is appropriate.
Level of Bad Loans: CAL has a high level of bad loans (13.5%).
Dividend
What is CalBank current dividend yield, its reliability and sustainability?
14.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CAL's dividend (14.47%) is higher than the bottom 25% of dividend payers in the GH market (4.7%).
High Dividend: CAL's dividend (14.47%) is in the top 25% of dividend payers in the GH market (8.17%)
Stability and Growth of Payments
Stable Dividend: CAL's dividend payments have been volatile in the past 10 years.
Growing Dividend: CAL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.2%), CAL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CAL's dividends in 3 years are forecast to be well covered by earnings (35.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Philip Owiredu (54 yo)
1.75yrs
Tenure
Mr. Philip Owiredu serves as Managing Director and Executive Director of CalBank Plc (formerly known as CAL Bank Limited) and is its Chief Executive Officer since January 01, 2020 and was its Chief Financi...
Leadership Team
Experienced Management: CAL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: CAL's board of directors are considered experienced (3.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CalBank PLC's employee growth, exchange listings and data sources
Key Information
- Name: CalBank PLC
- Ticker: CAL
- Exchange: GHSE
- Founded: 1990
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: GH₵475.447m
- Shares outstanding: 625.59m
- Website: https://calbank.net
Number of Employees
Location
- CalBank PLC
- 23 Independence Avenue
- PO Box 14596
- Accra
- Ghana
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 17:03 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.