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NCBF

NCB Financial GroupJMSE:NCBFG Stock Report

Last Price

JA$128.00

Market Cap

JA$293.7b

7D

2.4%

1Y

-7.9%

Updated

23 Jan, 2022

Data

Company Financials
NCBFG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

NCBFG Stock Overview

NCB Financial Group Limited, together with its subsidiaries, provides various banking products and services primarily in Jamaica.

NCB Financial Group Competitors

Scotia Group Jamaica

JMSE:SGJ

JA$108.9b

FirstCaribbean International Bank

TTSE:FCI

TT$9.7b

JMMB Group

JMSE:JMMBGL

JA$77.2b

Mayberry Investments

JMSE:MIL

JA$9.1b

Price History & Performance

Summary of all time highs, changes and price drops for NCB Financial Group
Historical stock prices
Current Share PriceJA$128.00
52 Week HighJA$148.49
52 Week LowJA$110.00
Beta0.52
1 Month Change5.35%
3 Month Change-4.46%
1 Year Change-7.91%
3 Year Change-11.72%
5 Year Change120.69%
Change since IPO1,119.05%

Recent News & Updates

Shareholder Returns

NCBFGJM BanksJM Market
7D2.4%0.3%0.8%
1Y-7.9%-6.5%5.4%

Return vs Industry: NCBFG underperformed the JM Banks industry which returned -6.5% over the past year.

Return vs Market: NCBFG underperformed the JM Market which returned 5.4% over the past year.

Price Volatility

Is NCBFG's price volatile compared to industry and market?
NCBFG volatility
NCBFG Average Weekly Movement3.6%
Banks Industry Average Movement4.7%
Market Average Movement8.3%
10% most volatile stocks in JM Market15.8%
10% least volatile stocks in JM Market4.9%

Stable Share Price: NCBFG is less volatile than 75% of JM stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1837n/aPatrick Andrew Hyltonhttps://www.myncb.com

NCB Financial Group Limited, together with its subsidiaries, provides various banking products and services primarily in Jamaica. It operates through Consumer & SME Banking; Payment Services; Corporate and Commercial Banking; Treasury & Corresponding Banking; Wealth, Asset Management and Investment Banking; Life and Health Insurance & Pension Fund Management; and General Insurance segments. The Consumer & SME Banking segment provides banking services to individual, and small and medium business clients.

NCB Financial Group Fundamentals Summary

How do NCB Financial Group's earnings and revenue compare to its market cap?
NCBFG fundamental statistics
Market CapJA$293.72b
Earnings (TTM)JA$14.23b
Revenue (TTM)JA$121.11b

20.6x

P/E Ratio

1.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NCBFG income statement (TTM)
RevenueJA$121.11b
Cost of RevenueJA$8.79b
Gross ProfitJA$112.31b
ExpensesJA$98.08b
EarningsJA$14.23b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.20
Gross Margin92.74%
Net Profit Margin11.75%
Debt/Equity Ratio215.9%

How did NCBFG perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

8%

Payout Ratio

Valuation

Is NCB Financial Group undervalued compared to its fair value and its price relative to the market?

20.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NCBFG (JMD128) is trading above our estimate of fair value (JMD41.73)

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


Price To Earnings Ratio

PE vs Industry: NCBFG is poor value based on its PE Ratio (20.6x) compared to the South American Banks industry average (9.4x).

PE vs Market: NCBFG is poor value based on its PE Ratio (20.6x) compared to the JM market (18.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NCBFG is overvalued based on its PB Ratio (1.8x) compared to the XS Banks industry average (1x).


Future Growth

How is NCB Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

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 NCB Financial Group 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 NCB Financial Group performed over the past 5 years?

-0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NCBFG has high quality earnings.

Growing Profit Margin: NCBFG's current net profit margins (11.7%) are lower than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: NCBFG's earnings have declined by 0.4% per year over the past 5 years.

Accelerating Growth: NCBFG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NCBFG had negative earnings growth (-25.5%) over the past year, making it difficult to compare to the Banks industry average (25%).


Return on Equity

High ROE: NCBFG's Return on Equity (9.7%) is considered low.


Financial Health

How is NCB Financial Group'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: NCBFG's Assets to Equity ratio (9.3x) is low.

Allowance for Bad Loans: NCBFG has a low allowance for bad loans (48%).

Low Risk Liabilities: 61% of NCBFG's liabilities are made up of primarily higher risk sources of funding.

Loan Level: NCBFG has an appropriate level of Loans to Assets ratio (27%).

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

Level of Bad Loans: NCBFG has a high level of bad loans (6.1%).


Dividend

What is NCB Financial Group current dividend yield, its reliability and sustainability?

0.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NCBFG's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the JM market (1.29%).

High Dividend: NCBFG's dividend (0.39%) is low compared to the top 25% of dividend payers in the JM market (2.88%).


Stability and Growth of Payments

Stable Dividend: NCBFG is not paying a notable dividend for the JM market, therefore no need to check if payments are stable.

Growing Dividend: NCBFG is not paying a notable dividend for the JM market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: NCBFG is not paying a notable dividend for the JM market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Patrick Andrew Hylton (57 yo)

no data

Tenure

Hon. Patrick Andrew Alwyn Hylton, OJ, A.C.I.B., B.B.A., C.D LL D, Hon., serves as Chairman of National Commercial Bank Jamaica Ltd. since November 30, 2019.He has been President of NCB Financial Group Lim...


Leadership Team

Experienced Management: NCBFG's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: NCBFG's board of directors are considered experienced (5.3 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

NCB Financial Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: NCB Financial Group Limited
  • Ticker: NCBFG
  • Exchange: JMSE
  • Founded: 1837
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: JA$293.717b
  • Shares outstanding: 2.29b
  • Website: https://www.myncb.com

Location

  • NCB Financial Group Limited
  • 32 Trafalgar Road
  • Kingston
  • 10
  • Jamaica

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 20:00
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/09/30


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.