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SCBK

Standard Chartered Bank KenyaNASE:SCBK Stock Report

Market Cap

KSh55.6b

7D

-0.8%

1Y

-18.7%

Updated

15 Oct, 2021

Data

Company Financials
SCBK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends3/6

SCBK Overview

Standard Chartered Bank Kenya Limited, together with its subsidiaries, provides various banking products and services for corporate clients, government and government agencies, commercial clients, and retail clients in Kenya.

Price History & Performance

Summary of all time highs, changes and price drops for Standard Chartered Bank Kenya
Historical stock prices
Current Share PriceKSh128.25
52 Week HighKSh127.00
52 Week LowKSh161.00
Beta0.20
1 Month Change-4.47%
3 Month Change-1.16%
1 Year Change-18.70%
3 Year Change-24.56%
5 Year Change-23.33%
Change since IPO316.15%

Recent News & Updates

Shareholder Returns

SCBKKE BanksKE Market
7D-0.8%-0.9%1.7%
1Y-18.7%16.9%30.0%

Return vs Industry: SCBK underperformed the KE Banks industry which returned 16.4% over the past year.

Return vs Market: SCBK underperformed the KE Market which returned 28.8% over the past year.

Price Volatility

Is SCBK's price volatile compared to industry and market?
SCBK volatility
SCBK Beta0.20
Industry Beta0.56
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19111,280Kariuki Ngarihttps://www.sc.com/ke

Standard Chartered Bank Kenya Limited, together with its subsidiaries, provides various banking products and services for corporate clients, government and government agencies, commercial clients, and retail clients in Kenya. The company operates in three segments: Corporate & Institutional Banking, Commercial Banking, and Retail Banking. It offers current, savings, foreign currency, and margin accounts; fixed and term deposits; personal unsecured, term, business property, and working capital loans; salary overdrafts; home, construction, non-resident, and business mortgages; financing solutions and trade services; and debit and credit cards.

Standard Chartered Bank Kenya Fundamentals Summary

How do Standard Chartered Bank Kenya's earnings and revenue compare to its market cap?
SCBK fundamental statistics
Market CapKSh55.64b
Earnings (TTM)KSh6.92b
Revenue (TTM)KSh24.39b

8.0x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCBK income statement (TTM)
RevenueKSh24.39b
Cost of RevenueKSh0
Gross ProfitKSh24.39b
ExpensesKSh17.47b
EarningsKSh6.92b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)15.95
Gross Margin100.00%
Net Profit Margin28.36%
Debt/Equity Ratio16.7%

How did SCBK perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

60%

Payout Ratio

Valuation

Is Standard Chartered Bank Kenya undervalued compared to its fair value and its price relative to the market?

8.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCBK (KES128.25) is trading above our estimate of fair value (KES39.17)

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


Price To Earnings Ratio

PE vs Industry: SCBK is poor value based on its PE Ratio (8x) compared to the KE Banks industry average (6.2x).

PE vs Market: SCBK is poor value based on its PE Ratio (8x) compared to the KE market (6.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SCBK is overvalued based on its PB Ratio (1.1x) compared to the KE Banks industry average (0.8x).


Future Growth

How is Standard Chartered Bank Kenya 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 Standard Chartered Bank Kenya 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 Standard Chartered Bank Kenya performed over the past 5 years?

-3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCBK has high quality earnings.

Growing Profit Margin: SCBK's current net profit margins (28.4%) are higher than last year (25.9%).


Past Earnings Growth Analysis

Earnings Trend: SCBK's earnings have declined by 3.5% per year over the past 5 years.

Accelerating Growth: SCBK's earnings growth over the past year (2.3%) exceeds its 5-year average (-3.5% per year).

Earnings vs Industry: SCBK earnings growth over the past year (2.3%) exceeded the Banks industry -5.6%.


Return on Equity

High ROE: SCBK's Return on Equity (13.7%) is considered low.


Financial Health

How is Standard Chartered Bank Kenya'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: SCBK's Assets to Equity ratio (6.7x) is low.

Allowance for Bad Loans: SCBK has a low allowance for bad loans (70%).

Low Risk Liabilities: 95% of SCBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: SCBK has an appropriate level of Loans to Assets ratio (38%).

Low Risk Deposits: SCBK's Loans to Deposits ratio (47%) is appropriate.

Level of Bad Loans: SCBK has a high level of bad loans (17.6%).


Dividend

What is Standard Chartered Bank Kenya current dividend yield, its reliability and sustainability?

8.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SCBK's dividend (8.19%) is higher than the bottom 25% of dividend payers in the KE market (4.2%).

High Dividend: SCBK's dividend (8.19%) is in the top 25% of dividend payers in the KE market (7.77%)


Stability and Growth of Payments

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

Growing Dividend: SCBK's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.8%), SCBK's dividend payments are 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?

3.3yrs

Average management tenure


CEO

Kariuki Ngari (54 yo)

2.83yrs

Tenure

KSh107,383,600

Compensation

Mr. Kariuki Ngari is the Chief Executive Officer of Standard Chartered Bank Kenya Ltd. since December 2018. He serves as CEO for Kenya and East Africa at Standard Chartered Plc.Prior to this, he was Globa...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Kariuki's total compensation is reasonable compared to companies of similar size in the KE market.

Compensation vs Earnings: Insufficient data to compare Kariuki's compensation with company performance.


Leadership Team

Experienced Management: SCBK's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SCBK's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 14.8%.


Top Shareholders

Company Information

Standard Chartered Bank Kenya Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Standard Chartered Bank Kenya Limited
  • Ticker: SCBK
  • Exchange: NASE
  • Founded: 1911
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: KSh55.641b
  • Shares outstanding: 433.85m
  • Website: https://www.sc.com/ke

Number of Employees


Location

  • Standard Chartered Bank Kenya Limited
  • 48 Westlands Road
  • PO Box 30003
  • 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 Analysis2021/10/15 15:44
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
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.