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RBGH

Republic Bank (Ghana)GHSE:RBGH Stock Report

Market Cap

GH₵443.0m

7D

4.0%

1Y

26.8%

Updated

20 Oct, 2021

Data

Company Financials
RBGH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

RBGH Overview

Republic Bank (Ghana) Limited provides investment banking, corporate banking, retail banking, mortgage banking, asset management, and property management and development services in Ghana.

Republic Bank (Ghana) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Republic Bank (Ghana)
Historical stock prices
Current Share PriceGH₵0.52
52 Week HighGH₵0
52 Week LowGH₵0
Beta0.19
1 Month Change15.56%
3 Month Change15.56%
1 Year Change26.83%
3 Year Change-59.06%
5 Year Change-35.00%
Change since IPO4,542.86%

Recent News & Updates

Shareholder Returns

RBGHGH MortgageGH Market
7D4.0%0.5%-0.3%
1Y26.8%14.1%65.7%

Return vs Industry: RBGH exceeded the GH Mortgage industry which returned 14.1% over the past year.

Return vs Market: RBGH underperformed the GH Market which returned 65.7% over the past year.

Price Volatility

Is RBGH's price volatile compared to industry and market?
RBGH volatility
RBGH Beta0.19
Industry Beta1.05
Market Beta1

Stable Share Price: Insufficient data to determine RBGH's volatility over the past 3 months.

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

About the Company

FoundedEmployeesCEOWebsite
1990n/aFarid Antarhttps://www.republicghana.com

Republic Bank (Ghana) Limited provides investment banking, corporate banking, retail banking, mortgage banking, asset management, and property management and development services in Ghana. The company operates through four segments: Retail Banking, Mortgage Banking, Corporate Banking, and Microfinance Banking. It offers savings and current account; deposit products; rent advance, auto, personal, consumer, and home loans; investment banking services, including asset management, financial advisory, brokerage, and managed funds services; private banking services; corporate banking services, such as working capital finance, capital expenditure/asset financing, structured trade finance, bank guarantees, and project financing services; and institutional banking services.

Republic Bank (Ghana) Fundamentals Summary

How do Republic Bank (Ghana)'s earnings and revenue compare to its market cap?
RBGH fundamental statistics
Market CapGH₵443.02m
Earnings (TTM)GH₵76.65m
Revenue (TTM)GH₵365.02m

5.8x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBGH income statement (TTM)
RevenueGH₵365.02m
Cost of RevenueGH₵3.82m
Gross ProfitGH₵361.20m
ExpensesGH₵284.55m
EarningsGH₵76.65m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.09
Gross Margin98.95%
Net Profit Margin21.00%
Debt/Equity Ratio15.0%

How did RBGH perform over the long term?

See historical performance and comparison

Valuation

Is Republic Bank (Ghana) undervalued compared to its fair value and its price relative to the market?

5.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RBGH (GHS0.52) is trading above our estimate of fair value (GHS0.05)

Significantly Below Fair Value: RBGH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RBGH is good value based on its PE Ratio (5.8x) compared to the Global Mortgage industry average (12.2x).

PE vs Market: RBGH is poor value based on its PE Ratio (5.8x) compared to the GH market (5.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RBGH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RBGH is good value based on its PB Ratio (0.7x) compared to the XF Mortgage industry average (1x).


Future Growth

How is Republic Bank (Ghana) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.5%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Republic Bank (Ghana) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Republic Bank (Ghana) performed over the past 5 years?

51.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBGH has high quality earnings.

Growing Profit Margin: RBGH's current net profit margins (21%) are higher than last year (20.2%).


Past Earnings Growth Analysis

Earnings Trend: RBGH has become profitable over the past 5 years, growing earnings by 51.1% per year.

Accelerating Growth: RBGH's earnings growth over the past year (18.2%) is below its 5-year average (51.1% per year).

Earnings vs Industry: RBGH earnings growth over the past year (18.2%) underperformed the Mortgage industry 28.3%.


Return on Equity

High ROE: RBGH's Return on Equity (11.4%) is considered low.


Financial Health

How is Republic Bank (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: RBGH's Assets to Equity ratio (5.5x) is low.

Allowance for Bad Loans: RBGH has a low allowance for bad loans (50%).

Low Risk Liabilities: 91% of RBGH's liabilities are made up of primarily low risk sources of funding.

Loan Level: RBGH has an appropriate level of Loans to Assets ratio (42%).

Low Risk Deposits: RBGH's Loans to Deposits ratio (56%) is appropriate.

Level of Bad Loans: RBGH has a high level of bad loans (19.2%).


Dividend

What is Republic Bank (Ghana) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RBGH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RBGH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RBGH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RBGH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RBGH is not paying a notable dividend for the GH market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RBGH's dividend in 3 years as they are not forecast to pay a notable one for the GH market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Farid Antar (58 yo)

2.42yrs

Tenure

Mr. Farid Antar, ACIB, ACIS, SOBMM has been Director of Republic Bank (Ghana) Ltd. since April 2019 and has been its Managing Director since May 02, 2019. Mr. Antar served as Chief Risk Officer of Republic...


Leadership Team

Experienced Management: RBGH's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: RBGH's board of directors are considered experienced (4.5 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

Republic Bank (Ghana) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Republic Bank (Ghana) Limited
  • Ticker: RBGH
  • Exchange: GHSE
  • Founded: 1990
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: GH₵443.023m
  • Shares outstanding: 851.97m
  • Website: https://www.republicghana.com

Number of Employees


Location

  • Republic Bank (Ghana) Limited
  • No. 35, Sixth Avenue
  • North Ridge
  • Accra
  • Ghana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 17:04
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.