The Co-operative Bank of Kenya Limited, together with its subsidiaries, provides corporate and retail banking, and investment and asset management services in Kenya and South Sudan.
Price History & Performance
|Historical stock prices|
|Current Share Price||KSh12.85|
|52 Week High||KSh11.05|
|52 Week Low||KSh14.05|
|1 Month Change||-4.81%|
|3 Month Change||-4.46%|
|1 Year Change||8.44%|
|3 Year Change||-11.07%|
|5 Year Change||23.86%|
|Change since IPO||106.59%|
Recent News & Updates
|COOP||KE Banks||KE Market|
Return vs Industry: COOP underperformed the KE Banks industry which returned 16.9% over the past year.
Return vs Market: COOP underperformed the KE Market which returned 30% over the past year.
Stable Share Price: COOP is less volatile than 75% of KE stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: COOP's weekly volatility (2%) has been stable over the past year.
About the Company
The Co-operative Bank of Kenya Limited, together with its subsidiaries, provides corporate and retail banking, and investment and asset management services in Kenya and South Sudan. It operates in two segments: Retail Banking and Wholesale Banking. The company offers deposit/instant access, savings, current, and fixed/call deposit accounts; forex products; payment solutions; overdrafts; loans for micro small and medium enterprises, business mortgage and construction loans, supply chain financing, import duty finance, personal/consumer loans, working capital loans, and asset finance; funds transfer and trade finance services; insurance premium financing, mortgage finance, and investment services; bancassurance, consultancy and capacity building, stock brokerage, and leasing services; debit, credit, and prepaid cards; cash management solutions; and trust wealth management, custody and registrar, and treasury services.
Co-operative Bank of Kenya Fundamentals Summary
|COOP fundamental statistics|
Is COOP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|COOP income statement (TTM)|
|Cost of Revenue||KSh0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.87|
|Net Profit Margin||22.71%|
How did COOP perform over the long term?See historical performance and comparison
7.8%Current Dividend Yield
Is Co-operative Bank of Kenya 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: COOP (KES12.85) is trading above our estimate of fair value (KES5.65)
Significantly Below Fair Value: COOP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: COOP is poor value based on its PE Ratio (6.9x) compared to the KE Banks industry average (6.2x).
PE vs Market: COOP is poor value based on its PE Ratio (6.9x) compared to the KE market (6.5x).
Price to Earnings Growth Ratio
PEG Ratio: COOP is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: COOP's PB Ratio (0.8x) is in line with the KE Banks industry average.
How is Co-operative Bank of Kenya forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COOP's forecast earnings growth (26.9% per year) is above the savings rate (12.6%).
Earnings vs Market: COOP's earnings (26.9% per year) are forecast to grow faster than the KE market (13.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: COOP's revenue (13.9% per year) is forecast to grow faster than the KE market (9.3% per year).
High Growth Revenue: COOP's revenue (13.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COOP's Return on Equity is forecast to be low in 3 years time (17.4%).
How has Co-operative Bank of Kenya performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COOP has high quality earnings.
Growing Profit Margin: COOP's current net profit margins (22.7%) are lower than last year (30.9%).
Past Earnings Growth Analysis
Earnings Trend: COOP's earnings have grown by 0.07% per year over the past 5 years.
Accelerating Growth: COOP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COOP had negative earnings growth (-23%) over the past year, making it difficult to compare to the Banks industry average (-5.6%).
Return on Equity
High ROE: COOP's Return on Equity (11.9%) is considered low.
How is Co-operative Bank of Kenya'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: COOP's Assets to Equity ratio (6.2x) is low.
Allowance for Bad Loans: COOP has a low allowance for bad loans (52%).
Low Risk Liabilities: 86% of COOP's liabilities are made up of primarily low risk sources of funding.
Loan Level: COOP has an appropriate level of Loans to Assets ratio (53%).
Low Risk Deposits: COOP's Loans to Deposits ratio (73%) is appropriate.
Level of Bad Loans: COOP has a high level of bad loans (16.9%).
What is Co-operative Bank of Kenya current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COOP's dividend (7.78%) is higher than the bottom 25% of dividend payers in the KE market (4.19%).
High Dividend: COOP's dividend (7.78%) is low compared to the top 25% of dividend payers in the KE market (7.8%).
Stability and Growth of Payments
Stable Dividend: COOP's dividends per share have been stable in the past 10 years.
Growing Dividend: COOP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.7%), COOP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COOP's dividends in 3 years are forecast to be well covered by earnings (39.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gideon Muriuki (56 yo)
Dr. Gideon Maina Muriuki, CBS, MBS, serves as Director at Jamii Bora Bank Ltd. since August 2020. He has been Managing Director at The Co-operative Bank of Kenya Limited since 2001 and serves as its Chief...
CEO Compensation Analysis
Compensation vs Market: Gideon's total compensation ($USD1.05M) is about average for companies of similar size in the KE market ($USD860.13K).
Compensation vs Earnings: Gideon's compensation has been consistent with company performance over the past year.
Experienced Management: COOP's management team is considered experienced (2.3 years average tenure).
Experienced Board: COOP's board of directors are considered experienced (7.4 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.
The Co-operative Bank of Kenya Limited's employee growth, exchange listings and data sources
- Name: The Co-operative Bank of Kenya Limited
- Ticker: COOP
- Exchange: NASE
- Founded: 1968
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: KSh75.393b
- Shares outstanding: 5.87b
- Website: https://www.co-opbank.co.ke
Number of Employees
- The Co-operative Bank of Kenya Limited
- Co-operative Bank House
- L.R. No. 209/4290
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 15:15|
|End of Day Share Price||2021/10/18 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.