company background image
STAN

Standard BankMAL:STANDARD Stock Report

Market Cap

MK292.5b

7D

0%

1Y

46.9%

Updated

16 Oct, 2021

Data

Company Financials
STANDARD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

STANDARD Overview

Standard Bank PLC provides banking and other related services in Malawi.

Price History & Performance

Summary of all time highs, changes and price drops for Standard Bank
Historical stock prices
Current Share PriceMK1,250.00
52 Week HighMK0
52 Week LowMK0
Beta0.41
1 Month Change0%
3 Month Change4.15%
1 Year Change46.89%
3 Year Change86.57%
5 Year Change160.42%
Change since IPO1,175.51%

Recent News & Updates

Shareholder Returns

STANDARDMW BanksMW Market
7D0%-1.0%-0.4%
1Y46.9%36.3%29.0%

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

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

Price Volatility

Is STANDARD's price volatile compared to industry and market?
STANDARD volatility
STANDARD Beta0.41
Industry Beta0.68
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1969743Phillip Madingahttps://www.standardbank.co.mw

Standard Bank PLC provides banking and other related services in Malawi. It operates through Personal and Business Banking, Corporate and Investment Banking, and Treasury and Capital Management segments. The company offers personal and business banking products and services, including retail and private banking services, such as current accounts, savings products, deposits, investment savings products, custody services, debit cards, consumer loans, and mortgages; cheque accounts and other lending products; installment sale and finance leases; bancassurance products; and ATM, Internet, telephone, and electronic banking services to individuals and small- to medium-sized enterprises.

Standard Bank Fundamentals Summary

How do Standard Bank's earnings and revenue compare to its market cap?
STANDARD fundamental statistics
Market CapMK292.50b
Earnings (TTM)MK22.69b
Revenue (TTM)MK76.68b

12.9x

P/E Ratio

2.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STANDARD income statement (TTM)
RevenueMK76.68b
Cost of RevenueMK0
Gross ProfitMK76.68b
ExpensesMK53.99b
EarningsMK22.69b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)96.96
Gross Margin100.00%
Net Profit Margin29.59%
Debt/Equity Ratio0.0%

How did STANDARD perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is Standard Bank undervalued compared to its fair value and its price relative to the market?

12.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STANDARD (MWK1250) is trading above our estimate of fair value (MWK311.9)

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


Price To Earnings Ratio

PE vs Industry: STANDARD is poor value based on its PE Ratio (12.9x) compared to the MW Banks industry average (12.1x).

PE vs Market: STANDARD is poor value based on its PE Ratio (12.9x) compared to the MW market (12.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: STANDARD's PB Ratio (2.7x) is in line with the MW Banks industry average.


Future Growth

How is Standard Bank 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 Standard Bank 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 Standard Bank performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STANDARD has a high level of non-cash earnings.

Growing Profit Margin: STANDARD's current net profit margins (29.6%) are lower than last year (30.2%).


Past Earnings Growth Analysis

Earnings Trend: STANDARD's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: STANDARD's earnings growth over the past year (11.1%) exceeds its 5-year average (7.5% per year).

Earnings vs Industry: STANDARD earnings growth over the past year (11.1%) exceeded the Banks industry 11%.


Return on Equity

High ROE: STANDARD's Return on Equity (20.7%) is considered high.


Financial Health

How is Standard Bank'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: STANDARD's Assets to Equity ratio (5x) is low.

Allowance for Bad Loans: STANDARD has a sufficient allowance for bad loans (304%).

Low Risk Liabilities: 91% of STANDARD's liabilities are made up of primarily low risk sources of funding.

Loan Level: STANDARD has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: STANDARD's Loans to Deposits ratio (73%) is appropriate.

Level of Bad Loans: STANDARD has an appropriate level of bad loans (1.3%).


Dividend

What is Standard Bank current dividend yield, its reliability and sustainability?

5.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STANDARD's dividend (5.01%) is higher than the bottom 25% of dividend payers in the MW market (1.43%).

High Dividend: STANDARD's dividend (5.01%) is in the top 25% of dividend payers in the MW market (4.81%)


Stability and Growth of Payments

Stable Dividend: STANDARD's dividend payments have been volatile in the past 10 years.

Growing Dividend: STANDARD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.6%), STANDARD'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.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Phillip Madinga (49 yo)

0.75

Tenure

Mr. Phillip A. Madinga serves as Chief Executive Officer at Standard Bank PLC since January 01, 2021. He serves as Group General Manager of Corporate & Commercial Banking at First Merchant Bank Limited. Mr...


Leadership Team

Experienced Management: STANDARD's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: STANDARD's board of directors are considered experienced (5.4 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

Standard Bank PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Standard Bank PLC
  • Ticker: STANDARD
  • Exchange: MAL
  • Founded: 1969
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: MK292.500b
  • Shares outstanding: 234.00m
  • Website: https://www.standardbank.co.mw

Number of Employees


Location

  • Standard Bank PLC
  • Standard Bank Centre
  • Africa Unity Avenue
  • Lilongwe
  • 3
  • Malawi

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 17:04
End of Day Share Price2021/10/11 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.