Standard Chartered Bank Kenya Limited

NASE:SCBK Stock Report

Market Cap: KSh89.3b

Standard Chartered Bank Kenya Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 SCBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SCBK (KES236.25) is trading above our estimate of fair value (KES98.21)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SCBK. This is calculated by dividing SCBK's market cap by their current earnings.
What is SCBK's PE Ratio?
PE Ratio4.5x
EarningsKSh19.78b
Market CapKSh89.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average3.4x
ABSA Absa Bank Kenya
4.5xn/aKSh83.6b
COOP Co-operative Bank of Kenya
3.4xn/aKSh82.1b
NCBA NCBA Group
3.3xn/aKSh72.7b
KCB KCB Group
2.5x13.0%KSh126.3b
SCBK Standard Chartered Bank Kenya
4.5xn/aKSh89.3b

Price-To-Earnings vs Peers: SCBK is expensive based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (3.4x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SCBK 4.5xIndustry Avg. 5.2xNo. of Companies23PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SCBK is good value based on its Price-To-Earnings Ratio (4.5x) compared to the African Banks industry average (5.2x).

Price to Earnings Ratio vs Fair Ratio

What is SCBK'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.

SCBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SCBK'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 SCBK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentKSh236.25
KSh235.65
-0.3%
2.1%KSh240.65KSh230.65n/a2
Nov ’25KSh232.00
KSh235.65
+1.6%
2.1%KSh240.65KSh230.65n/a2
Oct ’25KSh210.50
KSh235.65
+11.9%
2.1%KSh240.65KSh230.65n/a2
Sep ’25KSh202.25
KSh216.13
+6.9%
11.3%KSh240.65KSh191.60n/a2
Aug ’25KSh188.50
KSh202.60
+7.5%
5.4%KSh213.60KSh191.60n/a2
Jul ’25KSh193.50
KSh202.60
+4.7%
5.4%KSh213.60KSh191.60n/a2
Jun ’25KSh186.50
KSh196.80
+5.5%
8.5%KSh213.60KSh180.00n/a2
May ’25KSh167.50
KSh196.80
+17.5%
8.5%KSh213.60KSh180.00n/a2
Apr ’25KSh197.75
KSh196.80
-0.5%
8.5%KSh213.60KSh180.00n/a2
Mar ’25KSh162.25
KSh170.90
+5.3%
0.6%KSh172.00KSh169.80n/a2
Feb ’25KSh162.00
KSh170.90
+5.5%
0.6%KSh172.00KSh169.80n/a2
Jan ’25KSh162.00
KSh170.90
+5.5%
0.6%KSh172.00KSh169.80n/a2
Nov ’24KSh156.50
KSh170.27
+8.8%
1.0%KSh172.00KSh168.53KSh232.002
Oct ’24KSh165.00
KSh162.73
-1.4%
3.6%KSh168.53KSh156.93KSh210.502
Sep ’24KSh160.00
KSh162.73
+1.7%
3.6%KSh168.53KSh156.93KSh202.252
Aug ’24KSh164.75
KSh162.73
-1.2%
3.6%KSh168.53KSh156.93KSh188.502
Jul ’24KSh160.50
KSh162.73
+1.4%
3.6%KSh168.53KSh156.93KSh193.502
Jun ’24KSh159.25
KSh162.73
+2.2%
3.6%KSh168.53KSh156.93KSh186.502
May ’24KSh149.00
KSh162.73
+9.2%
3.6%KSh168.53KSh156.93KSh167.502

Analyst Forecast: Target price is lower than the current share price.

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