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ABCB

ABC BankingMUSE:ABCB.I0000 Stock Report

Market Cap

MU₨1.5b

7D

-0.5%

1Y

29.3%

Updated

19 Oct, 2021

Data

Company Financials
ABCB.I0000 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

ABCB.I0000 Overview

ABC Banking Corporation Ltd provides various banking products and services in Mauritius.

Price History & Performance

Summary of all time highs, changes and price drops for ABC Banking
Historical stock prices
Current Share PriceMU₨19.40
52 Week HighMU₨14.50
52 Week LowMU₨19.65
Beta-0.070
1 Month Change0.78%
3 Month Change20.50%
1 Year Change29.33%
3 Year Change-25.39%
5 Year Change-5.37%
Change since IPO9.61%

Recent News & Updates

Shareholder Returns

ABCB.I0000MU BanksMU Market
7D-0.5%0.8%0.3%
1Y29.3%28.2%14.2%

Return vs Industry: ABCB.I0000 matched the MU Banks industry which returned 28.8% over the past year.

Return vs Market: ABCB.I0000 exceeded the MU Market which returned 13.9% over the past year.

Price Volatility

Is ABCB.I0000's price volatile compared to industry and market?
ABCB.I0000 volatility
ABCB.I0000 Beta-0.070
Industry Beta0.68
Market Beta1

Stable Share Price: ABCB.I0000 is not significantly more volatile than the rest of MU stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ABCB.I0000's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997194Donald Ah-Chuenhttps://www.abcbanking.mu

ABC Banking Corporation Ltd provides various banking products and services in Mauritius. The company operates through two segments, Segment A and Segment B. It offers savings and current accounts, corporate accounts, term deposits, call deposits, and short term fixed and floating deposits. The company also provides home and educational loans, personal loans, over drafts, revolving lines of credit, and multi-currency line of credit.

ABC Banking Fundamentals Summary

How do ABC Banking's earnings and revenue compare to its market cap?
ABCB.I0000 fundamental statistics
Market CapMU₨1.48b
Earnings (TTM)MU₨36.78m
Revenue (TTM)MU₨387.40m

40.2x

P/E Ratio

0.8x

P/B Ratio

Is ABCB.I0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABCB.I0000 income statement (TTM)
RevenueMU₨387.40m
Cost of RevenueMU₨6.15m
Gross ProfitMU₨381.25m
ExpensesMU₨344.47m
EarningsMU₨36.78m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.48
Gross Margin98.41%
Net Profit Margin9.49%
Debt/Equity Ratio34.4%

How did ABCB.I0000 perform over the long term?

See historical performance and comparison

Valuation

Is ABC Banking undervalued compared to its fair value and its price relative to the market?

40.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ABCB.I0000 (MUR19.4) is trading above our estimate of fair value (MUR12.68)

Significantly Below Fair Value: ABCB.I0000 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ABCB.I0000 is poor value based on its PE Ratio (40.2x) compared to the African Banks industry average (6.6x).

PE vs Market: ABCB.I0000 is poor value based on its PE Ratio (40.2x) compared to the MU market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ABCB.I0000's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ABCB.I0000 is good value based on its PB Ratio (0.8x) compared to the XF Banks industry average (0.9x).


Future Growth

How is ABC Banking 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 ABC Banking 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 ABC Banking performed over the past 5 years?

-7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABCB.I0000 has high quality earnings.

Growing Profit Margin: ABCB.I0000's current net profit margins (9.5%) are lower than last year (33.2%).


Past Earnings Growth Analysis

Earnings Trend: ABCB.I0000's earnings have declined by 7.2% per year over the past 5 years.

Accelerating Growth: ABCB.I0000's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ABCB.I0000 had negative earnings growth (-79.2%) over the past year, making it difficult to compare to the Banks industry average (11%).


Return on Equity

High ROE: ABCB.I0000's Return on Equity (1.9%) is considered low.


Financial Health

How is ABC Banking'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: ABCB.I0000's Assets to Equity ratio (11.5x) is moderate.

Allowance for Bad Loans: ABCB.I0000 has a low allowance for bad loans (75%).

Low Risk Liabilities: 93% of ABCB.I0000's liabilities are made up of primarily low risk sources of funding.

Loan Level: ABCB.I0000 has an appropriate level of Loans to Assets ratio (46%).

Low Risk Deposits: ABCB.I0000's Loans to Deposits ratio (54%) is appropriate.

Level of Bad Loans: ABCB.I0000 has a high level of bad loans (5.3%).


Dividend

What is ABC Banking current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ABCB.I0000's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ABCB.I0000'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 ABCB.I0000's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ABCB.I0000's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ABCB.I0000 is not paying a notable dividend for the MU market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ABCB.I0000's dividend in 3 years as they are not forecast to pay a notable one for the MU market.


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Donald Ah-Chuen

9.75yrs

Tenure

MU₨11,597,666

Compensation

Prof. Donald Ah-Chuen, G.O.S.K., serves as Non-Executive Director at The Stock Exchange of Mauritius Ltd. He is Non-Executive Director of ABC Motors Company Limited. He serves as the Managing Director and...


Leadership Team

Experienced Management: ABCB.I0000's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: ABCB.I0000's board of directors are considered experienced (6 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

ABC Banking Corporation Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: ABC Banking Corporation Ltd
  • Ticker: ABCB.I0000
  • Exchange: MUSE
  • Founded: 1997
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: MU₨1.480b
  • Shares outstanding: 76.27m
  • Website: https://www.abcbanking.mu

Number of Employees


Location

  • ABC Banking Corporation Ltd
  • Weal House
  • Duke of Edinburgh Avenue
  • Port Louis
  • 11328
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 21:47
End of Day Share Price2021/10/19 00:00
Earnings2021/03/31
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.