Announcement • Jun 02
SBM Holdings Ltd, Annual General Meeting, Jun 26, 2026 SBM Holdings Ltd, Annual General Meeting, Jun 26, 2026, at 10:00 Arabian Standard Time. Location: j&j auditorium, grace centre foundation, sayed hossen street, phoenix, republic of mauritius, Mauritius Upcoming Dividend • May 28
Upcoming dividend of MU₨0.45 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Mauritian dividend payers (6.4%). Higher than average of industry peers (2.7%). Board Change • May 20
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Chairman of SBM (Bank) Holdings Ltd, Member of SBM Bank (Kenya) Limited & SBM Africa Holdings Ltd Nayen Ballah is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 01
SBM Holdings Ltd announces Annual dividend, payable on June 26, 2026 SBM Holdings Ltd announced Annual dividend of MUR 0.4500 per share payable on June 26, 2026, ex-date on June 03, 2026 and record date on June 05, 2026. Announcement • Jun 05
SBM Holdings Ltd, Annual General Meeting, Jun 30, 2025 SBM Holdings Ltd, Annual General Meeting, Jun 30, 2025, at 10:00 Arabian Standard Time. Location: j&j auditorium, grace centre foundation, sayed hossen street, phoenix, republic of mauritius, Mauritius Announcement • Apr 17
SBM Holdings Ltd Announces Appointment of Rohit Ramnawaz as the Chairman of the Board, Effective April 14, 2025 The Board of SBM Holdings Ltd. has been reconstituted and at its meeting held on 14th April 2025, has appointed Mr. Rohit Ramnawaz as the Chairman of the Board of the company with effect 14th April 2025. Mr. Ramnawaz has shouldered multiple responsibilities in the public and private sectors for more than 35 years including key involvement in banking, financial services, accounting, tax advisory and global business. Announcement • Mar 23
SBM Holdings Ltd announces Annual dividend, payable on June 20, 2025 SBM Holdings Ltd announced Annual dividend of MUR 0.5000 per share payable on June 20, 2025, ex-date on May 20, 2025 and record date on May 22, 2025. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: MU₨0.59 (vs MU₨0.65 in 2Q 2023) Second quarter 2024 results: EPS: MU₨0.59 (down from MU₨0.65 in 2Q 2023). Revenue: MU₨4.58b (up 11% from 2Q 2023). Net income: MU₨1.53b (down 7.9% from 2Q 2023). Profit margin: 34% (down from 40% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 31
SBM Holdings Ltd, Annual General Meeting, Jun 26, 2024 SBM Holdings Ltd, Annual General Meeting, Jun 26, 2024, at 10:30 Arabian Standard Time. Location: &j auditorium, grace centre foundation, sayed hossen street, phoenix, republic of mauritius, Mauritius Reported Earnings • May 14
First quarter 2024 earnings released: EPS: MU₨0.30 (vs MU₨0.29 in 1Q 2023) First quarter 2024 results: EPS: MU₨0.30 (up from MU₨0.29 in 1Q 2023). Revenue: MU₨3.65b (up 9.2% from 1Q 2023). Net income: MU₨773.4m (up 2.8% from 1Q 2023). Profit margin: 21% (down from 23% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 13
Upcoming dividend of MU₨0.40 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of Mauritian dividend payers (6.0%). Higher than average of industry peers (5.7%). Declared Dividend • Apr 01
Dividend of MU₨0.40 announced Shareholders will receive a dividend of MU₨0.40. Ex-date: 20th May 2024 Payment date: 20th June 2024 Dividend yield will be 7.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (11% payout ratio) and is expected to be well covered in 3 years' time (20% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: MU₨1.67 (vs MU₨1.41 in FY 2022) Full year 2023 results: EPS: MU₨1.67 (up from MU₨1.41 in FY 2022). Revenue: MU₨14.6b (up 18% from FY 2022). Net income: MU₨4.32b (up 19% from FY 2022). Profit margin: 30% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to MU₨5.20, the stock trades at a trailing P/E ratio of 2.8x. Average forward P/E is 6x in the Banks industry in Africa. Total returns to shareholders of 59% over the past three years. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: MU₨0.63 (vs MU₨0.54 in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.63 (up from MU₨0.54 in 3Q 2022). Revenue: MU₨3.95b (up 9.9% from 3Q 2022). Net income: MU₨1.64b (up 18% from 3Q 2022). Profit margin: 41% (up from 39% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: MU₨0.65 (vs MU₨0.29 in 2Q 2022) Second quarter 2023 results: EPS: MU₨0.65 (up from MU₨0.29 in 2Q 2022). Revenue: MU₨4.13b (up 46% from 2Q 2022). Net income: MU₨1.67b (up 126% from 2Q 2022). Profit margin: 40% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jun 02
SBM Holdings Ltd, Annual General Meeting, Jun 28, 2023 SBM Holdings Ltd, Annual General Meeting, Jun 28, 2023, at 06:30 Coordinated Universal Time. Location: Landscope Mauritius - Conference Hall, 1st Floor - Wing A, Shri Atal Bihari Vajpayee Tower Ebène Cybercity Mauritius Agenda: To receive the Auditor's Report; to consider the Annual Report of the Company for the year ended December 31, 2022; to consider and adopt the Audited Financial Statements of the Company and the Group for the year ended December 31, 2022; to re-appoint Deloitte as Statutory Auditors of the Company, to hold office until the next Annual Meeting and to authorize the Board of Directors to fix their remuneration; and to consider other matters. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: MU₨0.29 (vs MU₨0.28 in 1Q 2022) First quarter 2023 results: EPS: MU₨0.29 (up from MU₨0.28 in 1Q 2022). Revenue: MU₨3.34b (up 23% from 1Q 2022). Net income: MU₨752.0m (up 5.3% from 1Q 2022). Profit margin: 23% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 05
Upcoming dividend of MU₨0.20 per share at 4.4% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Mauritian dividend payers (6.2%). Lower than average of industry peers (6.5%). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: MU₨1.41 (vs MU₨0.67 in FY 2021) Full year 2022 results: EPS: MU₨1.41 (up from MU₨0.67 in FY 2021). Revenue: MU₨12.3b (up 32% from FY 2021). Net income: MU₨3.64b (up 109% from FY 2021). Profit margin: 30% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 09
SBM Holdings Ltd Appoints Anoop Nilamber as Group Chief Investment Officer SBM Holdings Ltd. announced that following a reorganisation of the Group, the Board of Directors of SBM Holdings Ltd. informed its stakeholders that Mr. Anoop Kumar Nilamber has been appointed to the position of Group Chief Investment Officer. He officially takes on his new responsibilities on 07 February 2023 and will be responsible for overseeing the Group's investment strategy. Since his appointment as Chief Executive Officer of SBM Bank (Mauritius) Ltd. ("SBMBM") in July 2021, Mr. Nilamber has contributed in improving the overall performance of SBMBM. Price Target Changed • Dec 20
Price target increased to MU₨6.90 Up from MU₨4.60, the current price target is provided by 1 analyst. New target price is 56% above last closing price of MU₨4.42. Stock is up 7.8% over the past year. The company posted earnings per share of MU₨0.67 last year. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Ramprakash Maunthrooa was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: MU₨0.29 (vs MU₨0.13 in 2Q 2021) Second quarter 2022 results: EPS: MU₨0.29 (up from MU₨0.13 in 2Q 2021). Revenue: MU₨2.83b (up 26% from 2Q 2021). Net income: MU₨738.3m (up 114% from 2Q 2021). Profit margin: 26% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 09
SBM Holdings Ltd, Annual General Meeting, Aug 31, 2022 SBM Holdings Ltd, Annual General Meeting, Aug 31, 2022, at 10:30 Mauritius Standard Time. Location: Landscope Mauritius - Conference Hall, 1st Floor - Wing A, Shri Atal Bihari Vajpayee Tower, Ebène Cybercity Mauritius Agenda: To receive the Auditor's Report; to consider the Annual Report of the Company for the year ended 31 December 2021; to consider and adopt the Audited Financial Statements of the Company and the Group for the year ended 31 December 2021; to re-appoint Deloitte as Statutory Auditors of the Company, to hold office until the next Annual Meeting and to authorise the Board of Directors to fix their remuneration; to consider election/re-election of Directors; and to consider other matters. Announcement • Jun 01
SBM Holdings Ltd, Annual General Meeting, Jun 23, 2022 SBM Holdings Ltd, Annual General Meeting, Jun 23, 2022, at 06:30 Coordinated Universal Time. Location: SBM Park, La Vigie Curepipe Mauritius Agenda: To receive the Auditor's Report; to consider the Annual Report of the Company for the year ended 31 December 2021; to consider and adopt the Audited Financial Statements of the Company and the Group for the year ended 31 December 2021; to re-appoint Deloitte as Statutory Auditors of the Company, to hold office until the next Annual Meeting and to authorize the Board of Directors to fix their remuneration; to consider Election of Directors; and to transact other matters. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: MU₨0.28 (vs MU₨0.16 in 1Q 2021) First quarter 2022 results: EPS: MU₨0.28 (up from MU₨0.16 in 1Q 2021). Revenue: MU₨2.72b (up 17% from 1Q 2021). Net income: MU₨714.5m (up 72% from 1Q 2021). Profit margin: 26% (up from 18% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 20% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 06
Upcoming dividend of MU₨0.20 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 15 June 2022. Trailing yield: 3.9%. Within top quartile of Mauritian dividend payers (3.7%). Lower than average of industry peers (5.5%). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Ramprakash Maunthrooa was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: MU₨0.67 (vs MU₨0.39 in FY 2020) Full year 2021 results: EPS: MU₨0.67 (up from MU₨0.39 in FY 2020). Revenue: MU₨9.32b (up 25% from FY 2020). Net income: MU₨1.74b (up 72% from FY 2020). Profit margin: 19% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 22% growth forecast for the banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Jan 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Ramprakash Maunthrooa was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS MU₨0.13 (vs MU₨0.075 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: MU₨2.35b (up 34% from 3Q 2020). Net income: MU₨447.9m (up 132% from 3Q 2020). Profit margin: 19% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2021 earnings released: EPS MU₨0.16 (vs MU₨0.07 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: MU₨2.33b (up 41% from 1Q 2020). Net income: MU₨415.9m (up 131% from 1Q 2020). Profit margin: 18% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS MU₨0.39 (vs MU₨0.014 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: MU₨7.46b (up 11% from FY 2019). Net income: MU₨1.01b (up MU₨977.8m from FY 2019). Profit margin: 14% (up from 0.5% in FY 2019). The increase in margin was primarily driven by higher revenue. Non-performing loans: 13.77% (up from 13.15% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS MU₨0.39 (vs MU₨0.006 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: MU₨7.46b (up 16% from FY 2019). Net income: MU₨1.01b (up MU₨998.1m from FY 2019). Profit margin: 14% (up from 0.2% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 31
New 90-day high: MU₨3.60 The company is up 9.0% from its price of MU₨3.30 on 02 October 2020. The Mauritian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS MU₨0.075 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: MU₨1.76b (down 13% from 3Q 2019). Net income: MU₨193.0m (down 26% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 77% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 27
New 90-day low: MU₨3.16 The company is down 7.0% from its price of MU₨3.40 on 29 July 2020. The Mauritian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day low: MU₨3.24 The company is down 14% from its price of MU₨3.75 on 14 July 2020. The Mauritian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.