The Co-operative Bank of Kenya Limited

NASE:COOP Stock Report

Market Cap: KSh82.4b

Co-operative Bank of Kenya Valuation

Is COOP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of COOP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: COOP (KES14.05) is trading above our estimate of fair value (KES10.71)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for COOP?

Key metric: As COOP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for COOP. This is calculated by dividing COOP's market cap by their current earnings.
What is COOP's PE Ratio?
PE Ratio3.5x
EarningsKSh23.84b
Market CapKSh82.43b

Price to Earnings Ratio vs Peers

How does COOP's PE Ratio compare to its peers?

The above table shows the PE ratio for COOP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average3.7x
ABSA Absa Bank Kenya
4.5xn/aKSh83.4b
SCBK Standard Chartered Bank Kenya
4.6xn/aKSh91.3b
NCBA NCBA Group
3.3xn/aKSh72.6b
KCB KCB Group
2.5x13.0%KSh125.5b
COOP Co-operative Bank of Kenya
3.5xn/aKSh82.4b

Price-To-Earnings vs Peers: COOP is good value based on its Price-To-Earnings Ratio (3.5x) compared to the peer average (3.7x).

Price to Earnings Ratio vs Industry

How does COOP's PE Ratio compare vs other companies in the African Banks Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
COOP 3.5xIndustry Avg. 5.1xNo. of Companies25PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: COOP is good value based on its Price-To-Earnings Ratio (3.5x) compared to the African Banks industry average (5.1x).

Price to Earnings Ratio vs Fair Ratio

What is COOP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

COOP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate COOP's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst COOP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentKSh14.05
KSh16.76
+19.3%
9.4%KSh18.75KSh14.90n/a3
Nov ’25KSh14.10
KSh16.13
+14.4%
11.5%KSh18.75KSh14.73n/a3
Oct ’25KSh13.50
KSh15.84
+17.3%
9.1%KSh17.88KSh14.73n/a3
Sep ’25KSh13.55
KSh16.39
+21.0%
9.1%KSh17.88KSh14.90n/a2
Aug ’25KSh12.85
KSh17.22
+34.0%
3.9%KSh17.88KSh16.55n/a2
Jul ’25KSh12.80
KSh16.17
+26.3%
2.9%KSh16.55KSh15.50n/a3
Jun ’25KSh13.50
KSh15.68
+16.1%
6.0%KSh16.55KSh14.20n/a4
May ’25KSh12.45
KSh15.68
+25.9%
6.0%KSh16.55KSh14.20n/a4
Apr ’25KSh15.00
KSh15.68
+4.5%
6.0%KSh16.55KSh14.20n/a4
Mar ’25KSh13.05
KSh15.14
+16.0%
6.0%KSh16.46KSh14.20n/a4
Feb ’25KSh12.10
KSh15.14
+25.1%
6.0%KSh16.46KSh14.20n/a4
Jan ’25KSh11.40
KSh16.29
+42.9%
15.0%KSh20.90KSh14.20n/a5
Dec ’24KSh11.40
KSh16.47
+44.5%
14.0%KSh20.90KSh14.39n/a5
Nov ’24KSh11.65
KSh17.05
+46.4%
16.0%KSh20.90KSh15.10KSh14.103
Oct ’24KSh11.80
KSh18.03
+52.8%
16.0%KSh20.90KSh15.15KSh13.502
Sep ’24KSh11.85
KSh18.03
+52.1%
16.0%KSh20.90KSh15.15KSh13.552
Aug ’24KSh11.95
KSh18.03
+50.8%
16.0%KSh20.90KSh15.15KSh12.852
Jul ’24KSh12.20
KSh18.03
+47.7%
16.0%KSh20.90KSh15.15KSh12.802
Jun ’24KSh12.10
KSh18.03
+49.0%
16.0%KSh20.90KSh15.15KSh13.502
May ’24KSh13.30
KSh18.93
+42.3%
19.9%KSh22.70KSh15.15KSh12.452

Analyst Forecast: Target price is less than 20% higher than the current share price.

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