The Co-operative Bank of Kenya Limited

NASE:COOP Stock Report

Market Cap: KSh76.9b

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 (KES13.1) is trading above our estimate of fair value (KES8.69)

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?

Other financial metrics that can be useful for relative valuation.

COOP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

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 Average3.5x
ABSA Absa Bank Kenya
4.1xn/aKSh76.9b
SCBK Standard Chartered Bank Kenya
4.7xn/aKSh79.7b
NCBA NCBA Group
3xn/aKSh66.3b
KCB KCB Group
2.1x12.6%KSh104.1b
COOP Co-operative Bank of Kenya
3.2xn/aKSh76.9b

Price-To-Earnings vs Peers: COOP is good value based on its Price-To-Earnings Ratio (3.2x) compared to the peer average (3.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: COOP is good value based on its Price-To-Earnings Ratio (3.2x) compared to the African Banks industry average (4.7x).


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 Ratio3.2x
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
CurrentKSh13.10
KSh16.39
+25.1%
9.1%KSh17.88KSh14.90n/a2
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%KSh20.90KSh15.10n/a3
Oct ’24KSh11.80
KSh18.03
+52.8%
16.0%KSh20.90KSh15.15n/a2
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
Sep ’23KSh12.40
KSh18.65
+50.4%
21.7%KSh22.70KSh14.60KSh11.852

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


Discover undervalued companies