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BKG

BK GroupNASE:BKG Stock Report

Market Cap

KSh24.9b

7D

0%

1Y

111.5%

Updated

26 Oct, 2021

Data

Company Financials +
BKG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance5/6
Financial Health4/6
Dividends0/6

BKG Overview

BK Group PLC provides retail and corporate banking, insurance, brokerage, internet, and digital services in Rwanda.

BK Group Competitors

Guaranty Trust Holding

NGSE:GTCO

₦626.2b

Price History & Performance

Summary of all time highs, changes and price drops for BK Group
Historical stock prices
Current Share PriceKSh27.50
52 Week HighKSh12.50
52 Week LowKSh40.00
Beta0.68
1 Month Change-1.43%
3 Month Change-6.78%
1 Year Change111.54%
3 Year Changen/a
5 Year Changen/a
Change since IPO-11.29%

Recent News & Updates

Shareholder Returns

BKGKE BanksKE Market
7D0%-0.5%-0.3%
1Y111.5%17.7%27.6%

Return vs Industry: BKG exceeded the KE Banks industry which returned 17.3% over the past year.

Return vs Market: BKG exceeded the KE Market which returned 28.4% over the past year.

Price Volatility

Is BKG's price volatile compared to industry and market?
BKG volatility
BKG Beta0.68
Industry Beta0.56
Market Beta1

Stable Share Price: BKG is more volatile than 90% of KE stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: BKG's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of KE stocks.

About the Company

FoundedEmployeesCEOWebsite
19661,133Diane Karusisihttps://www.bk.rw

BK Group PLC provides retail and corporate banking, insurance, brokerage, internet, and digital services in Rwanda. The company offers personal current and joint, savings, and business accounts; fixed deposits; and consumer, car, agriculture, overdraft, plot, business, and mortgage loans, as well as debit and credit cards. It also provides trade finance services, such as letter of credit, guarantees/bonds, invoice discount, and LPO financing; asset finance services; and short-term financing services comprising inventory financing, cash credit lines, overdraft, and seasonal loans.

BK Group Fundamentals Summary

How do BK Group's earnings and revenue compare to its market cap?
BKG fundamental statistics
Market CapRF223.76b
Earnings (TTM)RF45.13b
Revenue (TTM)RF117.37b

5.0x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BKG income statement (TTM)
RevenueRF117.37b
Cost of RevenueRF0
Gross ProfitRF117.37b
ExpensesRF72.24b
EarningsRF45.13b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)49.90
Gross Margin100.00%
Net Profit Margin38.45%
Debt/Equity Ratio21.5%

How did BKG perform over the long term?

See historical performance and comparison

Valuation

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

4.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BKG (KES27.5) is trading above our estimate of fair value (KES26.85)

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


Price To Earnings Ratio

PE vs Industry: BKG is good value based on its PE Ratio (5x) compared to the KE Banks industry average (6.1x).

PE vs Market: BKG is good value based on its PE Ratio (5x) compared to the KE market (6.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BKG's PB Ratio (0.8x) is in line with the KE Banks industry average.


Future Growth

How is BK Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

20.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BKG's forecast earnings growth is above the savings rate (12.6%).

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

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

Revenue vs Market: BKG's revenue (20% per year) is forecast to grow faster than the KE market (9.5% per year).

High Growth Revenue: BKG's revenue (20% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKG's Return on Equity is forecast to be high in 3 years time (21.8%)


Past Performance

How has BK Group performed over the past 5 years?

17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKG has high quality earnings.

Growing Profit Margin: BKG's current net profit margins (38.5%) are higher than last year (36.9%).


Past Earnings Growth Analysis

Earnings Trend: BKG's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: BKG's earnings growth over the past year (17.5%) exceeds its 5-year average (17.3% per year).

Earnings vs Industry: BKG earnings growth over the past year (17.5%) exceeded the Banks industry -5.6%.


Return on Equity

High ROE: BKG's Return on Equity (16.6%) is considered low.


Financial Health

How is BK 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: BKG's Assets to Equity ratio (5.2x) is low.

Allowance for Bad Loans: BKG has a low allowance for bad loans (96%).

Low Risk Liabilities: 89% of BKG's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKG has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: BKG's Loans to Deposits ratio (91%) is appropriate.

Level of Bad Loans: BKG has a high level of bad loans (9.2%).


Dividend

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

11.88%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BKG'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 BKG's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: BKG is not paying a notable dividend for the KE market.


Future Payout to Shareholders

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


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Diane Karusisi

5.67yrs

Tenure

Dr. Diane Karusisi serves as the Chief Executive Officer at BK Group Plc (formerly, Bank of Kigali Ltd.) Dr. Karusisi was in the Office of the President where she headed the Strategy and Policy Unit. Prior...


Leadership Team

Experienced Management: BKG's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: BKG's board of directors are not considered experienced ( 0.3 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

BK Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: BK Group PLC
  • Ticker: BKG
  • Exchange: NASE
  • Founded: 1966
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: KSh24.875b
  • Shares outstanding: 904.55m
  • Website: https://www.bk.rw

Number of Employees


Location

  • BK Group PLC
  • KN 4 Avenue 1
  • No. 12 Plot No. 790
  • Kigali
  • Rwanda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:23
End of Day Share Price2021/10/26 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.