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FMBC

FMBcapital HoldingsMAL:FMBCH Stock Report

Market Cap

MK137.7b

7D

-13.2%

1Y

154.5%

Updated

17 Oct, 2021

Data

Company Financials
FMBCH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

FMBCH Overview

FMBcapital Holdings Plc, through its subsidiaries, primarily provides corporate, investment, and retail banking products and services.

Price History & Performance

Summary of all time highs, changes and price drops for FMBcapital Holdings
Historical stock prices
Current Share PriceMK56.00
52 Week HighMK0
52 Week LowMK0
Beta4.81
1 Month Change-13.17%
3 Month Change-13.85%
1 Year Change154.55%
3 Year Change-64.33%
5 Year Change203.03%
Change since IPO700.00%

Recent News & Updates

Shareholder Returns

FMBCHMW BanksMW Market
7D-13.2%-1.0%-0.4%
1Y154.5%36.3%29.0%

Return vs Industry: FMBCH exceeded the MW Banks industry which returned 36.3% over the past year.

Return vs Market: FMBCH exceeded the MW Market which returned 29% over the past year.

Price Volatility

Is FMBCH's price volatile compared to industry and market?
FMBCH volatility
FMBCH Beta4.81
Industry Beta0.68
Market Beta1

Stable Share Price: Insufficient data to determine FMBCH's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine FMBCH's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19951,500Fernando Rodrigueshttps://www.fmbcapitalgroup.com

FMBcapital Holdings Plc, through its subsidiaries, primarily provides corporate, investment, and retail banking products and services. It offers current, savings, foreign currency, and term deposit accounts, as well as other deposit products; and various loans. The company also provides cross-border and traditional banking services.

FMBcapital Holdings Fundamentals Summary

How do FMBcapital Holdings's earnings and revenue compare to its market cap?
FMBCH fundamental statistics
Market CapUS$168.39m
Earnings (TTM)US$13.89m
Revenue (TTM)US$138.67m

12.1x

P/E Ratio

1.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FMBCH income statement (TTM)
RevenueUS$138.67m
Cost of RevenueUS$957.31k
Gross ProfitUS$137.72m
ExpensesUS$123.83m
EarningsUS$13.89m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0056
Gross Margin99.31%
Net Profit Margin10.01%
Debt/Equity Ratio235.2%

How did FMBCH perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is FMBcapital Holdings undervalued compared to its fair value and its price relative to the market?

12.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FMBCH (MWK56) is trading above our estimate of fair value (MWK11.64)

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


Price To Earnings Ratio

PE vs Industry: FMBCH's PE Ratio (12.1x) is in line with the MW Banks industry average.

PE vs Market: FMBCH's PE Ratio (12.1x) is in line with the MW market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FMBCH is good value based on its PB Ratio (1.7x) compared to the MW Banks industry average (2.7x).


Future Growth

How is FMBcapital Holdings 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 FMBcapital Holdings 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 FMBcapital Holdings performed over the past 5 years?

-12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FMBCH has high quality earnings.

Growing Profit Margin: FMBCH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FMBCH's earnings have declined by 12.1% per year over the past 5 years.

Accelerating Growth: FMBCH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FMBCH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (11%).


Return on Equity

High ROE: FMBCH's Return on Equity (13.2%) is considered low.


Financial Health

How is FMBcapital Holdings'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: FMBCH's Assets to Equity ratio (8x) is low.

Allowance for Bad Loans: FMBCH has a low allowance for bad loans (68%).

Low Risk Liabilities: 61% of FMBCH's liabilities are made up of primarily low risk sources of funding.

Loan Level: FMBCH has an appropriate level of Loans to Assets ratio (42%).

Low Risk Deposits: FMBCH's Loans to Deposits ratio (78%) is appropriate.

Level of Bad Loans: FMBCH has a high level of bad loans (3.7%).


Dividend

What is FMBcapital Holdings's current dividend yield, its reliability and sustainability?

1.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FMBCH's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the MW market (1.43%).

High Dividend: FMBCH's dividend (1.17%) is low compared to the top 25% of dividend payers in the MW market (4.81%).


Stability and Growth of Payments

Stable Dividend: FMBCH is not paying a notable dividend for the MW market, therefore no need to check if payments are stable.

Growing Dividend: FMBCH is not paying a notable dividend for the MW market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: FMBCH is not paying a notable dividend for the MW market.


Future Payout to Shareholders

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


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Fernando Rodrigues

no data

Tenure

Mr. Fernando Rodrigues is Chief Executive Officer of FMB Malawi at FMBCapital Holdings Plc(formerly known as First Merchant Bank Plc). Prior to joining FMB Malawi as CEO in 2017, Mr. Rodrigues was at Banif...


Leadership Team

Experienced Management: FMBCH's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: FMBCH's board of directors are not considered experienced ( 2 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

FMBcapital Holdings Plc's employee growth, exchange listings and data sources


Key Information

  • Name: FMBcapital Holdings Plc
  • Ticker: FMBCH
  • Exchange: MAL
  • Founded: 1995
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: MK137.662b
  • Shares outstanding: 2.46b
  • Website: https://www.fmbcapitalgroup.com

Number of Employees


Location

  • FMBcapital Holdings Plc
  • Livingstone Towers
  • Glyn Jones Road
  • Blantyre
  • Malawi

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 17:04
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.