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SCB

Standard Chartered Bank GhanaGHSE:SCB Stock Report

Market Cap

GH₵2.7b

7D

0%

1Y

34.8%

Updated

20 Oct, 2021

Data

Company Financials +
SCB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance6/6
Financial Health4/6
Dividends4/6

SCB Overview

Standard Chartered Bank Ghana PLC provides various banking products and services in Ghana.

Standard Chartered Bank Ghana Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Standard Chartered Bank Ghana
Historical stock prices
Current Share PriceGH₵20.35
52 Week HighGH₵0
52 Week LowGH₵0
Beta0.66
1 Month Change10.00%
3 Month Change9.41%
1 Year Change34.77%
3 Year Change-18.80%
5 Year Change69.58%
Change since IPO25,338.14%

Recent News & Updates

Shareholder Returns

SCBGH BanksGH Market
7D0%0.1%-0.3%
1Y34.8%37.5%65.7%

Return vs Industry: SCB underperformed the GH Banks industry which returned 37.5% over the past year.

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

Price Volatility

Is SCB's price volatile compared to industry and market?
SCB volatility
SCB Beta0.66
Industry Beta0.58
Market Beta1

Stable Share Price: SCB is not significantly more volatile than the rest of GH stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SCB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1896837Mansa Netteyhttps://www.sc.com/gh

Standard Chartered Bank Ghana PLC provides various banking products and services in Ghana. The company operates through three segments: Retail Banking, Commercial Banking, and Corporate and Institutional Banking. Its deposit products include savings and current accounts, fixed/term deposit accounts, foreign exchange and currency accounts, investment accounts, and international trade accounts; and loan portfolio comprises personal overdrafts and unsecured loans, trade and working capital solutions, business overdrafts, and term loans.

Standard Chartered Bank Ghana Fundamentals Summary

How do Standard Chartered Bank Ghana's earnings and revenue compare to its market cap?
SCB fundamental statistics
Market CapGH₵2.74b
Earnings (TTM)GH₵516.59m
Revenue (TTM)GH₵1.04b

5.3x

P/E Ratio

1.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCB income statement (TTM)
RevenueGH₵1.04b
Cost of RevenueGH₵0
Gross ProfitGH₵1.04b
ExpensesGH₵525.05m
EarningsGH₵516.59m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.83
Gross Margin100.00%
Net Profit Margin49.59%
Debt/Equity Ratio6.2%

How did SCB perform over the long term?

See historical performance and comparison

Dividends

8.6%

Current Dividend Yield

45%

Payout Ratio

Valuation

Is Standard Chartered Bank Ghana undervalued compared to its fair value and its price relative to the market?

5.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCB (GHS20.35) is trading above our estimate of fair value (GHS16.06)

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


Price To Earnings Ratio

PE vs Industry: SCB is poor value based on its PE Ratio (5.3x) compared to the GH Banks industry average (4.1x).

PE vs Market: SCB's PE Ratio (5.3x) is in line with the GH market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SCB is overvalued based on its PB Ratio (1.8x) compared to the GH Banks industry average (0.7x).


Future Growth

How is Standard Chartered Bank Ghana forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

12.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SCB's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if SCB's earnings are forecast to grow faster than the GH market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SCB's revenue (12.2% per year) is forecast to grow slower than the GH market (15.8% per year).

High Growth Revenue: SCB'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: SCB's Return on Equity is forecast to be high in 3 years time (26.6%)


Past Performance

How has Standard Chartered Bank Ghana performed over the past 5 years?

26.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCB has high quality earnings.

Growing Profit Margin: SCB's current net profit margins (49.6%) are higher than last year (40.3%).


Past Earnings Growth Analysis

Earnings Trend: SCB's earnings have grown significantly by 26.5% per year over the past 5 years.

Accelerating Growth: SCB's earnings growth over the past year (45.3%) exceeds its 5-year average (26.5% per year).

Earnings vs Industry: SCB earnings growth over the past year (45.3%) exceeded the Banks industry 32.6%.


Return on Equity

High ROE: SCB's Return on Equity (34.1%) is considered high.


Financial Health

How is Standard Chartered 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: SCB's Assets to Equity ratio (6.1x) is low.

Allowance for Bad Loans: SCB has a low allowance for bad loans (56%).

Low Risk Liabilities: 86% of SCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: SCB has an appropriate level of Loans to Assets ratio (22%).

Low Risk Deposits: SCB's Loans to Deposits ratio (30%) is appropriate.

Level of Bad Loans: SCB has a high level of bad loans (17.3%).


Dividend

What is Standard Chartered Bank Ghana current dividend yield, its reliability and sustainability?

8.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SCB's dividend (8.55%) is higher than the bottom 25% of dividend payers in the GH market (4.7%).

High Dividend: SCB's dividend (8.55%) is in the top 25% of dividend payers in the GH market (8.17%)


Stability and Growth of Payments

Stable Dividend: SCB's dividend payments have been volatile in the past 10 years.

Growing Dividend: SCB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.3%), SCB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Mansa Nettey (54 yo)

4.58yrs

Tenure

Mrs. Mansa Seraphine Nettey has been Chief Executive Officer Executive Director at The Standard Chartered Bank Ghana Limited since March 1, 2017. Mrs. Nettey serves as Managing Director at The Standard Cha...


Leadership Team

Experienced Management: SCB's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: SCB's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

Standard Chartered Bank Ghana PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Standard Chartered Bank Ghana PLC
  • Ticker: SCB
  • Exchange: GHSE
  • Founded: 1896
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: GH₵2.742b
  • Shares outstanding: 134.76m
  • Website: https://www.sc.com/gh

Number of Employees


Location

  • Standard Chartered Bank Ghana PLC
  • Standard Chartered Bank Building
  • No. 6 John Evans Atta-Mills High Street
  • 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 22:04
End of Day Share Price2021/10/20 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.