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IMH

I&M HoldingsNASE:IMH Stock Report

Market Cap

KSh35.6b

7D

-1.4%

1Y

-1.1%

Updated

17 Oct, 2021

Data

Company Financials
IMH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends2/6

IMH Overview

I&M Holdings Plc, together with its subsidiaries, provides various banking products and services in Kenya, Tanzania, Rwanda, Uganda, and Mauritius.

Price History & Performance

Summary of all time highs, changes and price drops for I&M Holdings
Historical stock prices
Current Share PriceKSh21.50
52 Week HighKSh20.50
52 Week LowKSh27.25
Beta0.26
1 Month Change-5.08%
3 Month Change0%
1 Year Change-1.15%
3 Year Change-9.47%
5 Year Change-4.44%
Change since IPO-14.00%

Recent News & Updates

Shareholder Returns

IMHKE BanksKE Market
7D-1.4%-0.9%1.7%
1Y-1.1%16.9%30.0%

Return vs Industry: IMH underperformed the KE Banks industry which returned 16.9% over the past year.

Return vs Market: IMH underperformed the KE Market which returned 30% over the past year.

Price Volatility

Is IMH's price volatile compared to industry and market?
IMH volatility
IMH Beta0.26
Industry Beta0.56
Market Beta1

Stable Share Price: IMH is less volatile than 75% of KE stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: IMH's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19502,172C. Mainahttps://www.imbank.com

I&M Holdings Plc, together with its subsidiaries, provides various banking products and services in Kenya, Tanzania, Rwanda, Uganda, and Mauritius. The company offers personal and business accounts, savings accounts, and fixed deposits; and car/vehicle, home/mortgage, asset finance, and business loans, as well as trade finance. It also provides credit, debit, and prepaid cards; wealth management, and custody and investment services; bancassurance and insurance premium financing services; and transfer and payment, foreign exchange, e-commerce, cheque scanning, salary transfer, remittance, and online banking services.

I&M Holdings Fundamentals Summary

How do I&M Holdings's earnings and revenue compare to its market cap?
IMH fundamental statistics
Market CapKSh35.55b
Earnings (TTM)KSh8.30b
Revenue (TTM)KSh21.65b

4.3x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMH income statement (TTM)
RevenueKSh21.65b
Cost of RevenueKSh0
Gross ProfitKSh21.65b
ExpensesKSh13.35b
EarningsKSh8.30b

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.02
Gross Margin100.00%
Net Profit Margin38.34%
Debt/Equity Ratio21.2%

How did IMH perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is I&M Holdings undervalued compared to its fair value and its price relative to the market?

4.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IMH (KES21.5) is trading above our estimate of fair value (KES7.36)

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


Price To Earnings Ratio

PE vs Industry: IMH is good value based on its PE Ratio (4.3x) compared to the KE Banks industry average (6.2x).

PE vs Market: IMH is good value based on its PE Ratio (4.3x) compared to the KE market (6.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IMH is good value based on its PB Ratio (0.5x) compared to the KE Banks industry average (0.8x).


Future Growth

How is I&M Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as I&M Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has I&M Holdings performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMH has high quality earnings.

Growing Profit Margin: IMH's current net profit margins (38.3%) are lower than last year (41.5%).


Past Earnings Growth Analysis

Earnings Trend: IMH's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: IMH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IMH had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Banks industry average (-5.6%).


Return on Equity

High ROE: IMH's Return on Equity (12.4%) is considered low.


Financial Health

How is I&M Holdings'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: IMH's Assets to Equity ratio (5.2x) is low.

Allowance for Bad Loans: IMH has a low allowance for bad loans (55%).

Low Risk Liabilities: 93% of IMH's liabilities are made up of primarily low risk sources of funding.

Loan Level: IMH has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: IMH's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: IMH has a high level of bad loans (12.8%).


Dividend

What is I&M Holdings's current dividend yield, its reliability and sustainability?

5.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMH's dividend (5.23%) is higher than the bottom 25% of dividend payers in the KE market (4.19%).

High Dividend: IMH's dividend (5.23%) is low compared to the top 25% of dividend payers in the KE market (7.8%).


Stability and Growth of Payments

Stable Dividend: IMH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IMH has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.4%), IMH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.3yrs

Average board tenure


CEO

C. Maina

5.33yrs

Tenure

Mr. C. Kihara Maina has been the Chief Executive and Director at I&M Bank Limited since joining in June 2016. Mr. Maina served as Treasurer of Barclays Bank Of Kenya Limited. He is the Chief Executive Offi...


Board Members

Experienced Board: IMH's board of directors are considered experienced (6.3 years average tenure).


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

I&M Holdings PLC's employee growth, exchange listings and data sources


Key Information

  • Name: I&M Holdings PLC
  • Ticker: IMH
  • Exchange: NASE
  • Founded: 1950
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: KSh35.553b
  • Shares outstanding: 1.65b
  • Website: https://www.imbank.com

Number of Employees


Location

  • I&M Holdings PLC
  • 1 Park Avenue
  • 1st Parklands Avenue
  • Nairobi
  • 100
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 14:03
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
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.