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KPLC

Kenya Power and LightingNASE:KPLC Stock Report

Market Cap

KSh3.3b

7D

-6.1%

1Y

-2.9%

Updated

18 Oct, 2021

Data

Company Financials +
KPLC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

KPLC Overview

The Kenya Power and Lighting Company PLC engages in the transmission, distribution, and retail of electricity in Kenya.

Price History & Performance

Summary of all time highs, changes and price drops for Kenya Power and Lighting
Historical stock prices
Current Share PriceKSh1.68
52 Week HighKSh1.16
52 Week LowKSh1.86
Beta0.69
1 Month Change-1.18%
3 Month Change20.00%
1 Year Change-2.89%
3 Year Change-58.52%
5 Year Change-81.23%
Change since IPO3,529.14%

Recent News & Updates

Shareholder Returns

KPLCKE Electric UtilitiesKE Market
7D-6.1%0.005%1.7%
1Y-2.9%26.2%30.0%

Return vs Industry: KPLC underperformed the KE Electric Utilities industry which returned 26.2% over the past year.

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

Price Volatility

Is KPLC's price volatile compared to industry and market?
KPLC volatility
KPLC Beta0.69
Industry Beta0.54
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
192210,481Bernard Ngugihttps://www.kplc.co.ke

The Kenya Power and Lighting Company PLC engages in the transmission, distribution, and retail of electricity in Kenya. It operates through four segments: Nairobi, West Kenya, Coast, and Mount Kenya. The company purchases electricity generated from geothermal, hydro, thermal, solar, cogeneration, and wind sources.

Kenya Power and Lighting Fundamentals Summary

How do Kenya Power and Lighting's earnings and revenue compare to its market cap?
KPLC fundamental statistics
Market CapKSh3.28b
Earnings (TTM)-KSh1.49b
Revenue (TTM)KSh132.67b

0.02x

P/S Ratio

-2.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KPLC income statement (TTM)
RevenueKSh132.67b
Cost of RevenueKSh88.63b
Gross ProfitKSh44.04b
ExpensesKSh45.53b
Earnings-KSh1.49b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.77
Gross Margin33.19%
Net Profit Margin-1.13%
Debt/Equity Ratio212.8%

How did KPLC perform over the long term?

See historical performance and comparison

Valuation

Is Kenya Power and Lighting undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KPLC (KES1.68) is trading below our estimate of fair value (KES3.49)

Significantly Below Fair Value: KPLC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KPLC is unprofitable, so we can't compare its PE Ratio to the Global Electric Utilities industry average.

PE vs Market: KPLC is unprofitable, so we can't compare its PE Ratio to the KE market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KPLC is good value based on its PB Ratio (0.1x) compared to the XF Electric Utilities industry average (0.6x).


Future Growth

How is Kenya Power and Lighting forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: Insufficient data to determine if KPLC'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: KPLC's revenue (9% per year) is forecast to grow slower than the KE market (9.3% per year).

High Growth Revenue: KPLC's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KPLC's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Kenya Power and Lighting performed over the past 5 years?

-59.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KPLC is currently unprofitable.

Growing Profit Margin: KPLC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KPLC is unprofitable, and losses have increased over the past 5 years at a rate of 59% per year.

Accelerating Growth: Unable to compare KPLC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KPLC is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (8.2%).


Return on Equity

High ROE: KPLC has a negative Return on Equity (-2.71%), as it is currently unprofitable.


Financial Health

How is Kenya Power and Lighting's financial position?


Financial Position Analysis

Short Term Liabilities: KPLC's short term assets (KES43.9B) do not cover its short term liabilities (KES112.2B).

Long Term Liabilities: KPLC's short term assets (KES43.9B) do not cover its long term liabilities (KES152.8B).


Debt to Equity History and Analysis

Debt Level: KPLC's debt to equity ratio (212.8%) is considered high.

Reducing Debt: KPLC's debt to equity ratio has increased from 173.4% to 212.8% over the past 5 years.

Debt Coverage: KPLC's debt is not well covered by operating cash flow (19.4%).

Interest Coverage: KPLC's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Dividend

What is Kenya Power and Lighting current dividend yield, its reliability and sustainability?

9.23%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KPLC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KPLC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KPLC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KPLC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: KPLC is not paying a notable dividend for the KE market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KPLC's dividend in 3 years as they are not forecast to pay a notable one for the KE market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Bernard Ngugi

2yrs

Tenure

KSh11,154,294

Compensation

Mr. Bernard Ngugi, MCIPS, MKISM, CPA(K), CPS(K), MBA(Finance), BCom(Acct) serves as Managing Director, Chief Executive Officer and Director at The Kenya Power and Lighting Company PLC since October 28, 201...


CEO Compensation Analysis

Compensation vs Market: Bernard's total compensation ($USD100.53K) is below average for companies of similar size in the KE market ($USD263.40K).

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


Leadership Team

Experienced Management: KPLC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: KPLC's board of directors are not considered experienced ( 1.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Kenya Power and Lighting Company PLC's employee growth, exchange listings and data sources


Key Information

  • Name: The Kenya Power and Lighting Company PLC
  • Ticker: KPLC
  • Exchange: NASE
  • Founded: 1922
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: KSh3.278b
  • Shares outstanding: 1.95b
  • Website: https://www.kplc.co.ke

Number of Employees


Location

  • The Kenya Power and Lighting Company PLC
  • Stima Plaza
  • Kolobot Road
  • 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 Analysis2021/10/18 15:11
End of Day Share Price2021/10/18 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.