Trust Bank Limited, together with its subsidiaries, provides retail, corporate, and international banking products and services in the Gambia.
Price History & Performance
|Historical stock prices|
|Current Share Price||GH₵0.34|
|52 Week High||GH₵0|
|52 Week Low||GH₵0|
|1 Month Change||0%|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||41.67%|
|5 Year Change||30.77%|
|Change since IPO||397.67%|
Recent News & Updates
|TBL||GH Banks||GH Market|
Return vs Industry: Insufficient data to determine how TBL performed against the GH Banks industry.
Return vs Market: Insufficient data to determine how TBL performed against the GH Market.
Stable Share Price: Insufficient data to determine TBL's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine TBL's volatility change over the past year.
About the Company
Trust Bank Limited, together with its subsidiaries, provides retail, corporate, and international banking products and services in the Gambia. It offers current, savings, and corporate and foreign currency accounts; and fixed deposits. The company also provides loans and advances; overdraft services; and ATM, online and mobile banking, bill payment, exchange rates, real time gross settlement, automated cheque processing/automated clearing house, and other services.
Trust Bank Fundamentals Summary
|TBL fundamental statistics|
Is TBL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TBL income statement (TTM)|
|Cost of Revenue||D0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.66|
|Net Profit Margin||20.76%|
How did TBL perform over the long term?See historical performance and comparison
13.7%Current Dividend Yield
Is Trust Bank undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TBL (GHS0.34) is trading above our estimate of fair value (GHS0.32)
Significantly Below Fair Value: TBL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TBL is poor value based on its PE Ratio (4.4x) compared to the GH Banks industry average (4.1x).
PE vs Market: TBL is good value based on its PE Ratio (4.4x) compared to the GH market (4.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TBL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TBL's PB Ratio (0.7x) is in line with the GH Banks industry average.
How is Trust Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Trust Bank 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.
How has Trust Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBL has high quality earnings.
Growing Profit Margin: TBL's current net profit margins (20.8%) are higher than last year (16.5%).
Past Earnings Growth Analysis
Earnings Trend: TBL's earnings have grown by 5.8% per year over the past 5 years.
Accelerating Growth: TBL's earnings growth over the past year (32.6%) exceeds its 5-year average (5.8% per year).
Earnings vs Industry: TBL earnings growth over the past year (32.6%) underperformed the Banks industry 32.6%.
Return on Equity
High ROE: TBL's Return on Equity (14.9%) is considered low.
How is Trust Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: TBL's Assets to Equity ratio (10.3x) is moderate.
Allowance for Bad Loans: TBL has a sufficient allowance for bad loans (114%).
Low Risk Liabilities: 97% of TBL's liabilities are made up of primarily low risk sources of funding.
Loan Level: TBL has an appropriate level of Loans to Assets ratio (20%).
Low Risk Deposits: TBL's Loans to Deposits ratio (22%) is appropriate.
Level of Bad Loans: TBL has an appropriate level of bad loans (1.3%).
What is Trust Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TBL's dividend (13.72%) is higher than the bottom 25% of dividend payers in the GH market (4.79%).
High Dividend: TBL's dividend (13.72%) is in the top 25% of dividend payers in the GH market (8.27%)
Stability and Growth of Payments
Stable Dividend: TBL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TBL has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.1%), TBL's dividend payments are 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ibrahima Salla (59 yo)
Mr. Ibrahima Salla has been Managing Director of Trust Bank Ltd. since July 1, 2016 and also serves as its Executive Director and Chief Executive Officer. Mr. Salla served as General Manager of Corporate D...
Experienced Management: TBL's management team is considered experienced (4.3 years average tenure).
Experienced Board: TBL's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Trust Bank Limited's employee growth, exchange listings and data sources
- Name: Trust Bank Limited
- Ticker: TBL
- Exchange: GHSE
- Founded: 1997
- Industry: Regional Banks
- Sector: Banks
- Market Cap: GH₵68.000m
- Shares outstanding: 200.00m
- Website: https://tblgambia.com
Number of Employees
- Trust Bank Limited
- 3/4 Ecowas Avenue
- PO Box 1018
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/04 17:04|
|End of Day Share Price||2021/07/07 00:00|
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.