| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
GCB Overview
GCB Bank Limited engages in consumer and corporate banking, and treasury activities in Ghana.
Rewards
Risk Analysis
No risks detected for GCB from our risk checks.
GCB Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | GH₵5.37 |
| 52 Week High | GH₵0 |
| 52 Week Low | GH₵0 |
| Beta | 0.49 |
| 1 Month Change | -0.19% |
| 3 Month Change | -0.56% |
| 1 Year Change | 39.48% |
| 3 Year Change | 1.32% |
| 5 Year Change | 38.05% |
| Change since IPO | 7,379.11% |
Recent News & Updates
Shareholder Returns
| GCB | GH Banks | GH Market | |
|---|---|---|---|
| 7D | 0% | 0.07% | 0.03% |
| 1Y | 39.5% | 39.9% | 70.7% |
Return vs Industry: GCB underperformed the GH Banks industry which returned 40.8% over the past year.
Return vs Market: GCB underperformed the GH Market which returned 71.1% over the past year.
Price Volatility
| GCB volatility | |
|---|---|
| GCB Beta | 0.49 |
| Industry Beta | 0.58 |
| Market Beta | 1 |
Stable Share Price: GCB is less volatile than 75% of GH stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: GCB's weekly volatility (0%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1953 | 2,354 | John Adomakoh | https://www.gcbbank.com.gh |
GCB Bank Limited engages in consumer and corporate banking, and treasury activities in Ghana. The company offers current accounts and savings accounts, time and other deposits, and foreign currency and exchange accounts; and personal loans and overdrafts, and short and medium term loans. It also provides SME solutions, such as business debit cards, bulk cash collection and payroll services, import and export finance, advance payments, letters of credit, bills for collection, fee collection, money transfer and remittance, business development and advisory services, insurance, bonds and guarantees, and mobile and Internet banking services, as well as investment banking services.
GCB Bank Fundamentals Summary
| GCB fundamental statistics | |
|---|---|
| Market Cap | GH₵1.42b |
| Earnings (TTM) | GH₵494.38m |
| Revenue (TTM) | GH₵1.88b |
2.9x
P/E Ratio0.6x
P/B RatioIs GCB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GCB income statement (TTM) | |
|---|---|
| Revenue | GH₵1.88b |
| Cost of Revenue | GH₵22.18m |
| Gross Profit | GH₵1.85b |
| Expenses | GH₵1.36b |
| Earnings | GH₵494.38m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.87 |
| Gross Margin | 98.82% |
| Net Profit Margin | 26.36% |
| Debt/Equity Ratio | 16.2% |
How did GCB perform over the long term?
See historical performance and comparisonDividends
4.7%
Current Dividend Yield15%
Payout RatioValuation
Is GCB Bank undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GCB (GHS5.37) is trading below our estimate of fair value (GHS20.08)
Significantly Below Fair Value: GCB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GCB is good value based on its PE Ratio (2.9x) compared to the GH Banks industry average (4.1x).
PE vs Market: GCB is good value based on its PE Ratio (2.9x) compared to the GH market (5.3x).
Price to Earnings Growth Ratio
PEG Ratio: GCB is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: GCB's PB Ratio (0.6x) is in line with the GH Banks industry average.
Future Growth
How is GCB Bank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GCB's forecast earnings growth (15.2% per year) is above the savings rate (9.1%).
Earnings vs Market: GCB's earnings (15.2% per year) are forecast to grow faster than the GH market (12.8% per year).
High Growth Earnings: GCB's earnings are forecast to grow, but not significantly.
Revenue vs Market: GCB's revenue (13.6% per year) is forecast to grow slower than the GH market (15.8% per year).
High Growth Revenue: GCB's revenue (13.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GCB's Return on Equity is forecast to be high in 3 years time (23.2%)
Past Performance
How has GCB Bank performed over the past 5 years?
15.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GCB has high quality earnings.
Growing Profit Margin: GCB's current net profit margins (26.4%) are lower than last year (28.7%).
Past Earnings Growth Analysis
Earnings Trend: GCB's earnings have grown by 15.2% per year over the past 5 years.
Accelerating Growth: GCB's earnings growth over the past year (2.2%) is below its 5-year average (15.2% per year).
Earnings vs Industry: GCB earnings growth over the past year (2.2%) underperformed the Banks industry 32.6%.
Return on Equity
High ROE: GCB's Return on Equity (21%) is considered high.
Financial Health
How is GCB Bank'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: GCB's Assets to Equity ratio (7x) is low.
Allowance for Bad Loans: GCB has a sufficient allowance for bad loans (163%).
Low Risk Liabilities: 92% of GCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: GCB has an appropriate level of Loans to Assets ratio (21%).
Low Risk Deposits: GCB's Loans to Deposits ratio (27%) is appropriate.
Level of Bad Loans: GCB has a high level of bad loans (8.6%).
Dividend
What is GCB Bank current dividend yield, its reliability and sustainability?
4.66%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GCB's dividend (4.66%) isn’t notable compared to the bottom 25% of dividend payers in the GH market (4.7%).
High Dividend: GCB's dividend (4.66%) is low compared to the top 25% of dividend payers in the GH market (8.17%).
Stability and Growth of Payments
Stable Dividend: GCB's dividend payments have been volatile in the past 10 years.
Growing Dividend: GCB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.9%), GCB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GCB's dividends in 3 years are forecast to be well covered by earnings (16.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
John Adomakoh
0.92
Tenure
Mr. John Kofi Adomakoh is Managing Director at GCB Bank Ltd. since November 9, 2020 and also serves as it's Director since November, 2020. Mr. Adomakoh was with Egypt-based African Export-Import Bank, wher...
Leadership Team
Experienced Management: GCB's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: GCB's board of directors are considered experienced (4 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
GCB Bank Limited's employee growth, exchange listings and data sources
Key Information
- Name: GCB Bank Limited
- Ticker: GCB
- Exchange: GHSE
- Founded: 1953
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: GH₵1.423b
- Shares outstanding: 265.00m
- Website: https://www.gcbbank.com.gh
Number of Employees
Location
- GCB Bank Limited
- GCB Building
- Thorpe Road
- Accra
- Ghana
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 20:59 |
| End of Day Share Price | 2021/10/21 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.