Reported Earnings • Jun 03
First quarter 2026 earnings released: EPS: RF28.93 (vs RF27.10 in 1Q 2025) First quarter 2026 results: EPS: RF28.93 (up from RF27.10 in 1Q 2025). Revenue: RF65.9b (up 15% from 1Q 2025). Net income: RF26.9b (up 6.7% from 1Q 2025). Profit margin: 41% (down from 44% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Director Ulrich Kayinamura was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 11
Upcoming dividend of RF41.84 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 19 June 2026. Trailing yield: 8.5%. Within top quartile of Kenyan dividend payers (7.9%). In line with average of industry peers (8.3%). Announcement • Apr 30
BK Group PLC, Annual General Meeting, May 22, 2026 BK Group PLC, Annual General Meeting, May 22, 2026, at 10:00 E. Africa Standard Time. Location: serena hotel, kigali Kenya Reported Earnings • Apr 10
Full year 2025 earnings released: EPS: RF118 (vs RF96.39 in FY 2024) Full year 2025 results: EPS: RF118 (up from RF96.39 in FY 2024). Revenue: RF264.1b (up 18% from FY 2024). Net income: RF110.1b (up 23% from FY 2024). Profit margin: 42% (up from 40% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. New Risk • Dec 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Upcoming Dividend • Dec 02
Upcoming dividend of RF11.20 per share Eligible shareholders must have bought the stock before 09 December 2025. Payment date: 12 January 2026. Trailing yield: 6.1%. Lower than top quartile of Kenyan dividend payers (7.6%). Lower than average of industry peers (8.4%). Reported Earnings • Sep 05
Second quarter 2025 earnings released Second quarter 2025 results: EPS: RF28.71. Revenue: RF63.5b (up 18% from 2Q 2024). Net income: RF26.7b (up 12% from 2Q 2024). Profit margin: 42% (down from 45% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to KSh33.20, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 4x in the Banks industry in Kenya. Total returns to shareholders of 51% over the past three years. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Upcoming Dividend • May 26
Upcoming dividend of RF19.02 per share Eligible shareholders must have bought the stock before 02 June 2025. Payment date: 25 June 2025. Trailing yield: 8.0%. Lower than top quartile of Kenyan dividend payers (9.8%). Lower than average of industry peers (10%). Reported Earnings • May 25
First quarter 2025 earnings released: EPS: RF27.10 (vs RF25.70 in 1Q 2024) First quarter 2025 results: EPS: RF27.10 (up from RF25.70 in 1Q 2024). Revenue: RF57.1b (flat on 1Q 2024). Net income: RF25.2b (up 5.4% from 1Q 2024). Profit margin: 44% (up from 42% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • May 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ulrich Kayinamura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
BK Group PLC, Annual General Meeting, May 09, 2025 BK Group PLC, Annual General Meeting, May 09, 2025, at 10:00 E. Africa Standard Time. Location: marriot hotel kigali, rwanda time, Kenya New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Dec 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: RF56.3b (up 8.3% from 3Q 2023). Net income: RF21.9b (up 20% from 3Q 2023). Profit margin: 39% (up from 35% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 26
Upcoming dividend of RF10.32 per share Eligible shareholders must have bought the stock before 03 December 2024. Payment date: 20 December 2024. Trailing yield: 9.2%. Lower than top quartile of Kenyan dividend payers (13%). In line with average of industry peers (10%). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to KSh36.00, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 3x in the Banks industry in Kenya. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Jun 10
Upcoming dividend of RF24.18 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 9.0%. Lower than top quartile of Kenyan dividend payers (12%). Lower than average of industry peers (11%). Reported Earnings • Jun 05
First quarter 2024 earnings released First quarter 2024 results: EPS: RF25.75. Revenue: RF57.4b (up 22% from 1Q 2023). Net income: RF23.9b (up 34% from 1Q 2023). Profit margin: 42% (up from 38% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 08
BK Group PLC, Annual General Meeting, May 22, 2024 BK Group PLC, Annual General Meeting, May 22, 2024. Location: akagera tent, kigali conference, exhibition village, Rwanda Board Change • Apr 26
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Group Independent Chairman of the Board Marc Lawrence Holtzman is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: RF19.82 (vs RF16.52 in 3Q 2022) Third quarter 2023 results: EPS: RF19.82 (up from RF16.52 in 3Q 2022). Revenue: RF52.0b (up 19% from 3Q 2022). Net income: RF18.2b (up 20% from 3Q 2022). Profit margin: 35% (in line with 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Banks industry in Kenya. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 23
Upcoming dividend of RF8.44 per share at 11% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 20 December 2023. Trailing yield: 11%. Lower than top quartile of Kenyan dividend payers (12%). In line with average of industry peers (12%). Reported Earnings • Sep 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: RF48.4b (up 27% from 2Q 2022). Net income: RF19.0b (up 50% from 2Q 2022). Profit margin: 39% (up from 33% in 2Q 2022). The increase in margin was driven by higher revenue. Board Change • Aug 29
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Group Independent Chairman of the Board Marc Lawrence Holtzman is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to KSh36.00, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 4x in the Banks industry in Kenya. Total returns to shareholders of 183% over the past three years. New Risk • Jul 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to KSh30.40, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 4x in the Banks industry in Kenya. Total returns to shareholders of 129% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of RF32.50 per share at 11% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 01 July 2023. Trailing yield: 11%. Within top quartile of Kenyan dividend payers (11%). In line with average of industry peers (11%). Upcoming Dividend • Jun 16
Upcoming dividend of RF28.70 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 01 July 2022. Trailing yield: 11%. Within top quartile of Kenyan dividend payers (10%). Higher than average of industry peers (9.7%). Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 1 independent director (4 non-independent directors). Group Independent Chairman of the Board Marc Lawrence Holtzman is the most experienced director on the board, commencing their role in 2009. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: RF57.40 (vs RF42.49 in FY 2020) Full year 2021 results: EPS: RF57.40 (up from RF42.49 in FY 2020). Revenue: RF140.1b (up 37% from FY 2020). Net income: RF51.9b (up 35% from FY 2020). Profit margin: 37% (in line with FY 2020). Net interest margin (NIM): 10.90% (up from 10.70% in FY 2020). Cost-to-income ratio: 36.3% (up from 32.5% in FY 2020). Over the next year, revenue is forecast to grow 40%, compared to a 27% growth forecast for the banks industry in Kenya. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 07
Now 22% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be RF36.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 10% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to KSh32.65, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 6x in the Banks industry in Kenya. Total returns to shareholders of 117% over the past year. Simply Wall St's valuation model estimates the intrinsic value at KSh16.81 per share. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 18% share price gain to RF38.25, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 6x in the Banks industry in Kenya. Total returns to shareholders of 139% over the past year. Simply Wall St's valuation model estimates the intrinsic value at KSh16.77 per share. Executive Departure • Jun 22
Director Regis Rugemanshuro has left the company On the 16th of June, Regis Rugemanshuro's tenure as Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Regis' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 5.33 years. Executive Departure • Jun 22
Independent Vice Chairperson of the Board Lilian Kyatengwa has left the company On the 16th of June, Lilian Kyatengwa's tenure as Independent Vice Chairperson of the Board ended. We don't have any record of a personal shareholding under Lilian's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 5.33 years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improved over the past week After last week's 19% share price gain to RF24.00, the stock trades at a trailing P/E ratio of 5.3x. Average forward P/E is 5x in the Banks industry in Kenya. Total returns to shareholders of 17% over the past year. Is New 90 Day High Low • Feb 17
New 90-day high: KSh21.00 The company is up 56% from its price of KSh13.50 on 19 November 2020. The Kenyan market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is KSh3.80 per share. Is New 90 Day High Low • Dec 24
New 90-day high: KSh20.80 The company is up 54% from its price of KSh13.50 on 25 September 2020. The Kenyan market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is KSh3.76 per share. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to RF19.50, the stock is trading at a trailing P/E ratio of 4.1x, up from the previous P/E ratio of 3.6x. This compares to an average P/E of 7x in the Banks industry in Kenya. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 34% share price gain to RF20.15, the stock is trading at a trailing P/E ratio of 4.3x, up from the previous P/E ratio of 3.2x. This compares to an average P/E of 6x in the Banks industry in Kenya. Is New 90 Day High Low • Dec 08
New 90-day high: KSh16.00 The company is up 6.0% from its price of KSh15.05 on 09 September 2020. The Kenyan market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is KSh2.70 per share. Is New 90 Day High Low • Sep 19
New 90-day low: KSh13.50 The company is down 31% from its price of KSh19.60 on 18 June 2020. The Kenyan market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 3.0% over the same period.