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SBIC

Stanbic HoldingsNASE:SBIC Stock Report

Market Cap

KSh35.6b

7D

4.3%

1Y

7.1%

Updated

21 Oct, 2021

Data

Company Financials +
SBIC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends3/6

SBIC Overview

Stanbic Holdings Plc, together with its subsidiaries, engages in banking, insurance agency, and stock broking businesses primarily in Kenya and South Sudan.

Stanbic Holdings Competitors

Jubilee Holdings

NASE:JUB

KSh25.4b

Amana Cooperative Insurance

SASE:8310

ر.س637.0m

Price History & Performance

Summary of all time highs, changes and price drops for Stanbic Holdings
Historical stock prices
Current Share PriceKSh90.00
52 Week HighKSh72.25
52 Week LowKSh99.00
Beta0.21
1 Month Change-1.10%
3 Month Change2.86%
1 Year Change7.14%
3 Year Change-0.55%
5 Year Change25.00%
Change since IPO825.71%

Recent News & Updates

Shareholder Returns

SBICKE BanksKE Market
7D4.3%-0.7%0.1%
1Y7.1%17.0%28.0%

Return vs Industry: SBIC underperformed the KE Banks industry which returned 17.2% over the past year.

Return vs Market: SBIC underperformed the KE Market which returned 28.2% over the past year.

Price Volatility

Is SBIC's price volatile compared to industry and market?
SBIC volatility
SBIC Beta0.21
Industry Beta0.56
Market Beta1

Stable Share Price: SBIC is not significantly more volatile than the rest of KE stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SBIC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a999Patrick Mweheirehttps://www.stanbicbank.co.ke

Stanbic Holdings Plc, together with its subsidiaries, engages in banking, insurance agency, and stock broking businesses primarily in Kenya and South Sudan. The company operates through Corporate and Investment Banking, and Personal and Business Banking segments. It offers savings and current accounts, business calls accounts, and fixed and call deposits; home, personal unsecured, and vacant land loans, as well as vehicle and asset finance, and construction financing; business overdrafts, invoice discounting, business revolving credit, business term loans, commercial property loan, and SME trader loans; credit and debit cards; digital banking services; residential accommodation loans; and instalment sales and finance leases.

Stanbic Holdings Fundamentals Summary

How do Stanbic Holdings's earnings and revenue compare to its market cap?
SBIC fundamental statistics
Market CapKSh35.58b
Earnings (TTM)KSh5.19b
Revenue (TTM)KSh18.36b

6.9x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBIC income statement (TTM)
RevenueKSh18.36b
Cost of RevenueKSh0
Gross ProfitKSh18.36b
ExpensesKSh13.17b
EarningsKSh5.19b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)13.13
Gross Margin100.00%
Net Profit Margin28.28%
Debt/Equity Ratio15.7%

How did SBIC perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Stanbic Holdings undervalued compared to its fair value and its price relative to the market?

6.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SBIC (KES90) is trading above our estimate of fair value (KES4.71)

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


Price To Earnings Ratio

PE vs Industry: SBIC is poor value based on its PE Ratio (6.9x) compared to the KE Banks industry average (6.1x).

PE vs Market: SBIC is poor value based on its PE Ratio (6.9x) compared to the KE market (6.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SBIC is good value based on its PB Ratio (0.7x) compared to the KE Banks industry average (0.8x).


Future Growth

How is Stanbic Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SBIC's forecast earnings growth is above the savings rate (12.6%).

Earnings vs Market: Insufficient data to determine if SBIC's earnings are forecast to grow faster than the KE market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SBIC's revenue (15.8% per year) is forecast to grow faster than the KE market (9.5% per year).

High Growth Revenue: SBIC's revenue (15.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBIC's Return on Equity is forecast to be low in 3 years time (12.3%).


Past Performance

How has Stanbic Holdings performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBIC has high quality earnings.

Growing Profit Margin: SBIC's current net profit margins (28.3%) are lower than last year (29.6%).


Past Earnings Growth Analysis

Earnings Trend: SBIC's earnings have grown by 4.7% per year over the past 5 years.

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

Earnings vs Industry: SBIC had negative earnings growth (-18.5%) over the past year, making it difficult to compare to the Banks industry average (-5.6%).


Return on Equity

High ROE: SBIC's Return on Equity (10%) is considered low.


Financial Health

How is Stanbic 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: SBIC's Assets to Equity ratio (6.4x) is low.

Allowance for Bad Loans: SBIC has a low allowance for bad loans (63%).

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

Loan Level: SBIC has an appropriate level of Loans to Assets ratio (49%).

Low Risk Deposits: SBIC's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: SBIC has a high level of bad loans (16.2%).


Dividend

What is Stanbic Holdings's current dividend yield, its reliability and sustainability?

3.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBIC's dividend (3.78%) isn’t notable compared to the bottom 25% of dividend payers in the KE market (4.16%).

High Dividend: SBIC's dividend (3.78%) is low compared to the top 25% of dividend payers in the KE market (7.89%).


Stability and Growth of Payments

Stable Dividend: SBIC's dividend payments have been volatile in the past 10 years.

Growing Dividend: SBIC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.9%), SBIC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBIC's dividends in 3 years are forecast to be well covered by earnings (38.8% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Patrick Mweheire (50 yo)

1.58yrs

Tenure

Mr. Patrick M. Mweheire, BSc, MBA, has been Chief Executive and Director at Stanbic Holdings Plc since March 3, 2020. He serves as Non-executive Director of Stanbic Bank Tanzania Limited since July 24, 202...


Leadership Team

Experienced Management: SBIC's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: SBIC's board of directors are considered experienced (3.8 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

Stanbic Holdings Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Stanbic Holdings Plc
  • Ticker: SBIC
  • Exchange: NASE
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: KSh35.579b
  • Shares outstanding: 395.32m
  • Website: https://www.stanbicbank.co.ke

Number of Employees


Location

  • Stanbic Holdings Plc
  • Stanbic Bank Centre
  • Chiromo Road
  • Nairobi
  • 200
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 14:02
End of Day Share Price2021/10/19 00:00
Earnings2020/12/31
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.