Nairobi Securities Exchange Past Earnings Performance
Past criteria checks 2/6
Nairobi Securities Exchange's earnings have been declining at an average annual rate of -34.8%, while the Capital Markets industry saw earnings growing at 24% annually. Revenues have been declining at an average rate of 2.8% per year. Nairobi Securities Exchange's return on equity is 1%, and it has net margins of 2.9%.
Key information
-34.8%
Earnings growth rate
-34.9%
EPS growth rate
| Capital Markets Industry Growth | 14.7% |
| Revenue growth rate | -2.8% |
| Return on equity | 1.0% |
| Net Margin | 2.9% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Nairobi Securities Exchange makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 637 | 18 | 320 | 0 |
| 30 Sep 23 | 643 | 31 | 308 | 0 |
| 30 Jun 23 | 650 | 43 | 238 | 0 |
| 31 Mar 23 | 641 | 28 | 253 | 0 |
| 31 Dec 22 | 632 | 14 | 325 | 0 |
| 31 Dec 21 | 701 | 131 | 265 | 0 |
| 31 Dec 20 | 658 | 168 | 467 | 0 |
| 30 Sep 20 | 676 | 167 | 469 | 0 |
| 30 Jun 20 | 694 | 165 | 472 | 0 |
| 31 Mar 20 | 693 | 122 | 522 | 0 |
| 31 Dec 19 | 692 | 79 | 573 | 0 |
| 31 Dec 18 | 759 | 191 | 561 | 0 |
| 31 Dec 17 | 718 | 216 | 496 | 0 |
| 30 Sep 17 | 703 | 198 | 482 | 0 |
| 30 Jun 17 | 702 | 180 | 505 | 0 |
| 31 Mar 17 | 697 | 182 | 496 | 0 |
| 31 Dec 16 | 692 | 184 | 487 | 0 |
| 30 Sep 16 | 706 | 196 | 494 | 0 |
| 30 Jun 16 | 711 | 209 | 481 | 0 |
| 31 Mar 16 | 744 | 257 | 464 | 0 |
| 31 Dec 15 | 777 | 306 | 448 | 0 |
| 30 Sep 15 | 803 | 359 | 428 | 0 |
| 30 Jun 15 | 829 | 371 | 408 | 0 |
| 31 Mar 15 | 805 | 345 | 399 | 0 |
| 31 Dec 14 | 781 | 320 | 390 | 0 |
| 30 Sep 14 | 725 | 257 | 315 | 0 |
| 30 Jun 14 | 668 | 215 | 241 | 0 |
| 31 Mar 14 | 632 | 239 | 230 | 0 |
| 31 Dec 13 | 596 | 262 | 218 | 0 |
Quality Earnings: NSE has a large one-off loss of KES37.2M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: NSE's current net profit margins (2.9%) are higher than last year (2.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NSE's earnings have declined by 34.8% per year over the past 5 years.
Accelerating Growth: NSE's earnings growth over the past year (32.6%) exceeds its 5-year average (-34.8% per year).
Earnings vs Industry: NSE earnings growth over the past year (32.6%) did not outperform the Capital Markets industry 33.5%.
Return on Equity
High ROE: NSE's Return on Equity (1%) is considered low.