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SOGE

Societe Generale GhanaGHSE:SOGEGH Stock Report

Market Cap

GH₵851.0m

7D

0%

1Y

84.6%

Updated

21 Oct, 2021

Data

Company Financials +
SOGEGH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends5/6

SOGEGH Overview

Societe Generale Ghana PLC provides retail banking, corporate banking, investment banking, and other financial intermediation services in Ghana.

Societe Generale Ghana Competitors

Standard Chartered Bank Ghana

GHSE:SCB

GH₵2.7b

Ecobank Ghana

GHSE:EGH

GH₵2.5b

GCB Bank

GHSE:GCB

GH₵1.4b

Access Bank (Ghana)

GHSE:ACCESS

GH₵607.1m

Price History & Performance

Summary of all time highs, changes and price drops for Societe Generale Ghana
Historical stock prices
Current Share PriceGH₵1.20
52 Week HighGH₵0
52 Week LowGH₵0
Beta0.42
1 Month Change5.26%
3 Month Change26.32%
1 Year Change84.62%
3 Year Change21.21%
5 Year Change94.45%
Change since IPO3,726.29%

Recent News & Updates

Shareholder Returns

SOGEGHGH BanksGH Market
7D0%0.07%0.03%
1Y84.6%39.9%70.7%

Return vs Industry: SOGEGH exceeded the GH Banks industry which returned 40.8% over the past year.

Return vs Market: SOGEGH exceeded the GH Market which returned 71.1% over the past year.

Price Volatility

Is SOGEGH's price volatile compared to industry and market?
SOGEGH volatility
SOGEGH Beta0.42
Industry Beta0.58
Market Beta1

Stable Share Price: SOGEGH is more volatile than 75% of GH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SOGEGH's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of GH stocks.

About the Company

FoundedEmployeesCEOWebsite
1975n/aHakim Ouzzanihttps://www.societegenerale.com.gh

Societe Generale Ghana PLC provides retail banking, corporate banking, investment banking, and other financial intermediation services in Ghana. The company operates through three segments: Retail Banking, Corporate Banking, and Treasury. The company offers current and savings accounts; consumer appliance, cash covered, home, institutional, school fees, and auto loans, as well as relief credit; cards; money transfers and safe deposit boxes; investment products; and mobile and internet banking services.

Societe Generale Ghana Fundamentals Summary

How do Societe Generale Ghana's earnings and revenue compare to its market cap?
SOGEGH fundamental statistics
Market CapGH₵850.97m
Earnings (TTM)GH₵139.59m
Revenue (TTM)GH₵493.20m

6.1x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SOGEGH income statement (TTM)
RevenueGH₵493.20m
Cost of RevenueGH₵0
Gross ProfitGH₵493.20m
ExpensesGH₵353.60m
EarningsGH₵139.59m

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.20
Gross Margin100.00%
Net Profit Margin28.30%
Debt/Equity Ratio50.9%

How did SOGEGH perform over the long term?

See historical performance and comparison

Dividends

9.5%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Societe Generale Ghana undervalued compared to its fair value and its price relative to the market?

6.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SOGEGH (GHS1.2) is trading above our estimate of fair value (GHS0.73)

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


Price To Earnings Ratio

PE vs Industry: SOGEGH is poor value based on its PE Ratio (6.1x) compared to the GH Banks industry average (4.1x).

PE vs Market: SOGEGH is poor value based on its PE Ratio (6.1x) compared to the GH market (5.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SOGEGH is overvalued based on its PB Ratio (1x) compared to the GH Banks industry average (0.7x).


Future Growth

How is Societe Generale Ghana forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: Insufficient data to determine if SOGEGH'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: SOGEGH's revenue (14.4% per year) is forecast to grow slower than the GH market (15.8% per year).

High Growth Revenue: SOGEGH's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SOGEGH's Return on Equity is forecast to be low in 3 years time (14.3%).


Past Performance

How has Societe Generale Ghana performed over the past 5 years?

49.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SOGEGH has a high level of non-cash earnings.

Growing Profit Margin: SOGEGH's current net profit margins (28.3%) are higher than last year (22.2%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SOGEGH's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare SOGEGH's past year earnings growth to its 5-year average.

Earnings vs Industry: SOGEGH earnings growth over the past year (49.7%) exceeded the Banks industry 32.6%.


Return on Equity

High ROE: SOGEGH's Return on Equity (15.6%) is considered low.


Financial Health

How is Societe Generale 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: SOGEGH's Assets to Equity ratio (5.7x) is low.

Allowance for Bad Loans: Insufficient data to determine if SOGEGH has a sufficient allowance for bad loans.

Low Risk Liabilities: 81% of SOGEGH's liabilities are made up of primarily low risk sources of funding.

Loan Level: SOGEGH has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: SOGEGH's Loans to Deposits ratio (78%) is appropriate.

Level of Bad Loans: Insufficient data to determine if SOGEGH has an appropriate level of bad loans.


Dividend

What is Societe Generale Ghana current dividend yield, its reliability and sustainability?

9.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SOGEGH's dividend (9.5%) is higher than the bottom 25% of dividend payers in the GH market (4.7%).

High Dividend: SOGEGH's dividend (9.5%) is in the top 25% of dividend payers in the GH market (8.17%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.7%), SOGEGH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SOGEGH's dividends in 3 years are forecast to be well covered by earnings (49.9% payout ratio).


Next Steps

Management

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

2.2yrs

Average board tenure


CEO

Hakim Ouzzani (52 yo)

no data

Tenure

Mr. Hakim Ouzzani serves as Managing Director of Societe Generale Ghana PLC and also has been its Director since January 23, 2017. Mr. Ouzzani serves as the Senior Executive Regional Manager with Societe G...


Board Members

Experienced Board: SOGEGH's board of directors are not considered experienced ( 2.2 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

Societe Generale Ghana PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Societe Generale Ghana PLC
  • Ticker: SOGEGH
  • Exchange: GHSE
  • Founded: 1975
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: GH₵850.970m
  • Shares outstanding: 709.14m
  • Website: https://www.societegenerale.com.gh

Location

  • Societe Generale Ghana PLC
  • Ring Road Central
  • 2nd Crescent, Royalt Castle Road
  • Accra
  • Ghana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 17:04
End of Day Share Price2021/10/20 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.