National Bank of Malawi plc, together with its subsidiaries, provides retail, corporate, and investment banking services in Malawi.
Price History & Performance
|Historical stock prices|
|Current Share Price||MK701.01|
|52 Week High||MK0|
|52 Week Low||MK0|
|1 Month Change||3.70%|
|3 Month Change||7.83%|
|1 Year Change||13.30%|
|3 Year Change||111.15%|
|5 Year Change||172.82%|
|Change since IPO||-86.77%|
Recent News & Updates
|NBM||MW Banks||MW Market|
Return vs Industry: NBM underperformed the MW Banks industry which returned 39.4% over the past year.
Return vs Market: NBM underperformed the MW Market which returned 26.5% over the past year.
Stable Share Price: Insufficient data to determine NBM's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine NBM's volatility change over the past year.
About the Company
National Bank of Malawi plc, together with its subsidiaries, provides retail, corporate, and investment banking services in Malawi. It operates through three segments: Retail and Corporate Banking, Treasury, and Other. The company offers various deposit products, including savings, current, special savers, student saver, and call accounts, as well as fixed and short term deposits.
National Bank of Malawi Fundamentals Summary
|NBM fundamental statistics|
Is NBM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NBM income statement (TTM)|
|Cost of Revenue||MK0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||57.45|
|Net Profit Margin||29.68%|
How did NBM perform over the long term?See historical performance and comparison
4.7%Current Dividend Yield
Is National Bank of Malawi 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: NBM (MWK701.01) is trading above our estimate of fair value (MWK232.7)
Significantly Below Fair Value: NBM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NBM's PE Ratio (12.2x) is in line with the MW Banks industry average.
PE vs Market: NBM is good value based on its PE Ratio (12.2x) compared to the MW market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NBM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NBM is good value based on its PB Ratio (2.5x) compared to the MW Banks industry average (2.7x).
How is National Bank of Malawi 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 National Bank of Malawi 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 National Bank of Malawi performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NBM has high quality earnings.
Growing Profit Margin: NBM's current net profit margins (29.7%) are higher than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: NBM's earnings have grown by 7.6% per year over the past 5 years.
Accelerating Growth: NBM's earnings growth over the past year (57.3%) exceeds its 5-year average (7.6% per year).
Earnings vs Industry: NBM earnings growth over the past year (57.3%) exceeded the Banks industry 11%.
Return on Equity
High ROE: NBM's Return on Equity (19.6%) is considered low.
How is National Bank of Malawi'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: NBM's Assets to Equity ratio (5.1x) is low.
Allowance for Bad Loans: NBM has a low allowance for bad loans (37%).
Low Risk Liabilities: 88% of NBM's liabilities are made up of primarily low risk sources of funding.
Loan Level: NBM has an appropriate level of Loans to Assets ratio (33%).
Low Risk Deposits: NBM's Loans to Deposits ratio (47%) is appropriate.
Level of Bad Loans: NBM has a high level of bad loans (11.9%).
What is National Bank of Malawi current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NBM's dividend (4.74%) is higher than the bottom 25% of dividend payers in the MW market (1.43%).
High Dividend: NBM's dividend (4.74%) is low compared to the top 25% of dividend payers in the MW market (4.8%).
Stability and Growth of Payments
Stable Dividend: NBM's dividends per share have been stable in the past 10 years.
Growing Dividend: NBM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.8%), NBM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Macfussy Kawawa (57 yo)
Mr. Macfussy M. Kawawa, B.Acc(Hons), FCCA, CPA, MBA, CA (MW) CA-(M), serves as Acting Chief Executive Officer at National Bank of Malawi and served as its Chief Financial Officer. Mr. Kawawa served as Gene...
Experienced Management: NBM's management team is considered experienced (3.3 years average tenure).
Experienced Board: NBM's board of directors are considered experienced (4 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.
National Bank of Malawi plc's employee growth, exchange listings and data sources
- Name: National Bank of Malawi plc
- Ticker: NBM
- Exchange: MAL
- Founded: 1971
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: MK327.324b
- Shares outstanding: 466.93m
- Website: https://natbank.co.mw
- National Bank of Malawi plc
- NBM Towers
- 7 Henderson Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 21:16|
|End of Day Share Price||2021/10/26 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.