ABC Banking Corporation Ltd provides various banking products and services in Mauritius.
Price History & Performance
|Historical stock prices|
|Current Share Price||MU₨19.40|
|52 Week High||MU₨14.50|
|52 Week Low||MU₨19.65|
|1 Month Change||0.78%|
|3 Month Change||20.50%|
|1 Year Change||29.33%|
|3 Year Change||-25.39%|
|5 Year Change||-5.37%|
|Change since IPO||9.61%|
Recent News & Updates
|ABCB.I0000||MU Banks||MU Market|
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.
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
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
|ABCB.I0000 fundamental statistics|
Is ABCB.I0000 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ABCB.I0000 income statement (TTM)|
|Cost of Revenue||MU₨6.15m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.48|
|Net Profit Margin||9.49%|
How did ABCB.I0000 perform over the long term?See historical performance and comparison
Is ABC Banking undervalued compared to its fair value and its price relative to the market?
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).
How is ABC Banking forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has ABC Banking performed over the past 5 years?
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.
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
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%).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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...
Experienced Management: ABCB.I0000's management team is seasoned and experienced (5.7 years average tenure).
Experienced Board: ABCB.I0000's board of directors are considered experienced (6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ABC Banking Corporation Ltd's employee growth, exchange listings and data sources
- 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
- ABC Banking Corporation Ltd
- Weal House
- Duke of Edinburgh Avenue
- Port Louis
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 21:47|
|End of Day Share Price||2021/10/19 00:00|
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.