Ecobank Ghana Limited provides retail, corporate, investment banking, and other financial services in Ghana.
Ecobank Ghana Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||GH₵7.81|
|52 Week High||GH₵0|
|52 Week Low||GH₵0|
|1 Month Change||0.13%|
|3 Month Change||11.57%|
|1 Year Change||30.17%|
|3 Year Change||-1.76%|
|5 Year Change||25.78%|
|Change since IPO||833.81%|
Recent News & Updates
|EGH||GH Banks||GH Market|
Return vs Industry: EGH underperformed the GH Banks industry which returned 36.1% over the past year.
Return vs Market: EGH underperformed the GH Market which returned 67.3% over the past year.
Stable Share Price: EGH is not significantly more volatile than the rest of GH stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: EGH's weekly volatility (3%) has been stable over the past year.
About the Company
|1989||1,636||Dan Kwei-Kumah Sackey||https://ecobank.com/gh/personal-banking/countries|
Ecobank Ghana Limited provides retail, corporate, investment banking, and other financial services in Ghana. It operates through three segments: Consumer Banking, Commercial Banking, and Corporate Banking. The company offers current, savings, and electronic accounts; personal, auto and asset acquisition, mortgage, travel, and cash backed loans, as well as salary advance facility; microfinance products and services; term deposits; investment and advisory services; investment management services; operating and finance lease services; and venture capital and fund management services.
Ecobank Ghana Fundamentals Summary
|EGH fundamental statistics|
Is EGH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EGH income statement (TTM)|
|Cost of Revenue||GH₵0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.93|
|Net Profit Margin||34.48%|
How did EGH perform over the long term?See historical performance and comparison
7.0%Current Dividend Yield
Is Ecobank Ghana undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EGH (GHS7.81) is trading below our estimate of fair value (GHS14.05)
Significantly Below Fair Value: EGH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EGH's PE Ratio (4.1x) is in line with the GH Banks industry average.
PE vs Market: EGH is good value based on its PE Ratio (4.1x) compared to the GH market (5.3x).
Price to Earnings Growth Ratio
PEG Ratio: EGH is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: EGH is overvalued based on its PB Ratio (1x) compared to the GH Banks industry average (0.7x).
How is Ecobank Ghana forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EGH's forecast earnings growth (11.3% per year) is above the savings rate (9.1%).
Earnings vs Market: EGH's earnings (11.3% per year) are forecast to grow slower than the GH market (12.7% per year).
High Growth Earnings: EGH's earnings are forecast to grow, but not significantly.
Revenue vs Market: EGH's revenue (12.2% per year) is forecast to grow slower than the GH market (15.8% per year).
High Growth Revenue: EGH's revenue (12.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EGH's Return on Equity is forecast to be high in 3 years time (23.1%)
How has Ecobank Ghana performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EGH has high quality earnings.
Growing Profit Margin: EGH's current net profit margins (34.5%) are higher than last year (32.7%).
Past Earnings Growth Analysis
Earnings Trend: EGH's earnings have grown by 16.9% per year over the past 5 years.
Accelerating Growth: EGH's earnings growth over the past year (28.5%) exceeds its 5-year average (16.9% per year).
Earnings vs Industry: EGH earnings growth over the past year (28.5%) underperformed the Banks industry 32.6%.
Return on Equity
High ROE: EGH's Return on Equity (24.1%) is considered high.
How is Ecobank Ghana's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: EGH's Assets to Equity ratio (6.4x) is low.
Allowance for Bad Loans: EGH has a low allowance for bad loans (93%).
Low Risk Liabilities: 94% of EGH's liabilities are made up of primarily low risk sources of funding.
Loan Level: EGH has an appropriate level of Loans to Assets ratio (28%).
Low Risk Deposits: EGH's Loans to Deposits ratio (35%) is appropriate.
Level of Bad Loans: EGH has a high level of bad loans (6.7%).
What is Ecobank Ghana current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EGH's dividend (7.04%) is higher than the bottom 25% of dividend payers in the GH market (4.71%).
High Dividend: EGH's dividend (7.04%) is low compared to the top 25% of dividend payers in the GH market (8.17%).
Stability and Growth of Payments
Stable Dividend: EGH's dividend payments have been volatile in the past 10 years.
Growing Dividend: EGH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.3%), EGH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EGH's dividends in 3 years are forecast to be well covered by earnings (33.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dan Kwei-Kumah Sackey
Mr. Daniel Nii Kwei-Kumah Sackey, also known as Dan, has been Managing Director of Ecobank Ghana Limited since September 1, 2016. Mr. Kwei-Kumah Sackey serves as Regional Executive of Anglophone West Afric...
Experienced Management: EGH's management team is considered experienced (4.8 years average tenure).
Experienced Board: EGH's board of directors are considered experienced (4.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ecobank Ghana Limited's employee growth, exchange listings and data sources
- Name: Ecobank Ghana Limited
- Ticker: EGH
- Exchange: GHSE
- Founded: 1989
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: GH₵2.519b
- Shares outstanding: 322.55m
- Website: https://ecobank.com/gh/personal-banking/countries
Number of Employees
- Ecobank Ghana Limited
- 2 Morocco Lane
- Off The Independence Avenue
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 17:03|
|End of Day Share Price||2021/10/13 00:00|
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.