| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
EGH Overview
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 |
| Beta | 0.65 |
| 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
Shareholder Returns
| EGH | GH Banks | GH Market | |
|---|---|---|---|
| 7D | 0% | -0.1% | -0.8% |
| 1Y | 30.2% | 36.1% | 67.3% |
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.
Price Volatility
| EGH volatility | |
|---|---|
| EGH Beta | 0.65 |
| Industry Beta | 0.58 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 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 | |
|---|---|
| Market Cap | GH₵2.52b |
| Earnings (TTM) | GH₵622.00m |
| Revenue (TTM) | GH₵1.80b |
4.1x
P/E Ratio1.0x
P/B RatioIs EGH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EGH income statement (TTM) | |
|---|---|
| Revenue | GH₵1.80b |
| Cost of Revenue | GH₵0 |
| Gross Profit | GH₵1.80b |
| Expenses | GH₵1.18b |
| Earnings | GH₵622.00m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.93 |
| Gross Margin | 100.00% |
| Net Profit Margin | 34.48% |
| Debt/Equity Ratio | 2.5% |
How did EGH perform over the long term?
See historical performance and comparisonDividends
7.0%
Current Dividend Yield32%
Payout RatioValuation
Is Ecobank Ghana undervalued compared to its fair value and its price relative to the market?
44.4%
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).
Future Growth
How is Ecobank Ghana forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
11.3%
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%)
Past Performance
How has Ecobank Ghana performed over the past 5 years?
16.9%
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.
Financial Health
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
Balance Sheet
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%).
Dividend
What is Ecobank Ghana current dividend yield, its reliability and sustainability?
7.04%
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).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Dan Kwei-Kumah Sackey
5.08yrs
Tenure
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...
Leadership Team
Experienced Management: EGH's management team is considered experienced (4.8 years average tenure).
Board Members
Experienced Board: EGH's board of directors are considered experienced (4.6 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
Ecobank Ghana Limited's employee growth, exchange listings and data sources
Key Information
- 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
Location
- Ecobank Ghana Limited
- 2 Morocco Lane
- Off The Independence Avenue
- Accra
- Ghana
Listings
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 |
| 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.