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FNB

FirstRand NamibiaNMSE:FNB Stock Report

Market Cap

R7.6b

7D

0.03%

1Y

25.7%

Updated

25 Oct, 2021

Data

Company Financials
FNB fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends3/6

FNB Overview

FirstRand Namibia Limited provides banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers in Namibia.

Price History & Performance

Summary of all time highs, changes and price drops for FirstRand Namibia
Historical stock prices
Current Share PriceR29.02
52 Week HighR23.00
52 Week LowR30.51
Beta-0.22
1 Month Change-3.23%
3 Month Change0.034%
1 Year Change25.74%
3 Year Change-33.58%
5 Year Change-39.53%
Change since IPO101.39%

Recent News & Updates

Shareholder Returns

FNBNA BanksNA Market
7D0.03%-0.2%-0.7%
1Y25.7%24.9%0.4%

Return vs Industry: FNB exceeded the NA Banks industry which returned 23.5% over the past year.

Return vs Market: FNB exceeded the NA Market which returned -1.6% over the past year.

Price Volatility

Is FNB's price volatile compared to industry and market?
FNB volatility
FNB Beta-0.22
Industry Beta0.68
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a2,085Conrad Dempseyhttps://www.fnbnamibia.com.na

FirstRand Namibia Limited provides banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers in Namibia. The company offers savings and investment products, including notice, fixed deposits, and call accounts, as well as unit trust accounts. It also provides home, personal, student, vehicle finance, and renewable energy loans, as well as loans for individuals and employers; and vehicle and property financing services to businesses.

FirstRand Namibia Fundamentals Summary

How do FirstRand Namibia's earnings and revenue compare to its market cap?
FNB fundamental statistics
Market CapN$7.61b
Earnings (TTM)N$1.02b
Revenue (TTM)N$3.66b

7.4x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FNB income statement (TTM)
RevenueN$3.66b
Cost of RevenueN$0
Gross ProfitN$3.66b
ExpensesN$2.63b
EarningsN$1.02b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.90
Gross Margin100.00%
Net Profit Margin27.95%
Debt/Equity Ratio24.7%

How did FNB perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

54%

Payout Ratio

Valuation

Is FirstRand Namibia undervalued compared to its fair value and its price relative to the market?

16.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FNB (ZAR29.02) is trading below our estimate of fair value (ZAR34.72)

Significantly Below Fair Value: FNB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FNB is poor value based on its PE Ratio (7.4x) compared to the African Banks industry average (6.7x).

PE vs Market: FNB's PE Ratio (7.4x) is in line with the NA market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FNB is overvalued based on its PB Ratio (1.4x) compared to the XF Banks industry average (0.9x).


Future Growth

How is FirstRand Namibia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.4%

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 FirstRand Namibia 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 FirstRand Namibia performed over the past 5 years?

-5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FNB has high quality earnings.

Growing Profit Margin: FNB's current net profit margins (28%) are higher than last year (23.8%).


Past Earnings Growth Analysis

Earnings Trend: FNB's earnings have declined by 5.9% per year over the past 5 years.

Accelerating Growth: FNB's earnings growth over the past year (24.7%) exceeds its 5-year average (-5.9% per year).

Earnings vs Industry: FNB earnings growth over the past year (24.7%) exceeded the Banks industry 11%.


Return on Equity

High ROE: FNB's Return on Equity (18.3%) is considered low.


Financial Health

How is FirstRand Namibia'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: FNB's Assets to Equity ratio (7.7x) is low.

Allowance for Bad Loans: FNB has a low allowance for bad loans (83%).

Low Risk Liabilities: 93% of FNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FNB has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: FNB's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: FNB has a high level of bad loans (5.2%).


Dividend

What is FirstRand Namibia current dividend yield, its reliability and sustainability?

7.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FNB's dividend (7.3%) is higher than the bottom 25% of dividend payers in the NA market (3.29%).

High Dividend: FNB's dividend (7.3%) is low compared to the top 25% of dividend payers in the NA market (7.9%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.2%), FNB'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?

7.3yrs

Average management tenure


CEO

Conrad Dempsey (45 yo)

1

Tenure

N$4,584

Compensation

Mr. Conrad Dempsey serves as Chief Executive Officer and Director at FirstRand Namibia Ltd. since October 1, 2020. He serves as Chief Executive Officer and Director at First National Bank of Namibia Limite...


CEO Compensation Analysis

Compensation vs Market: Conrad's total compensation ($USD311.34) is below average for companies of similar size in the NA market ($USD708.99K).

Compensation vs Earnings: Insufficient data to compare Conrad's compensation with company performance.


Leadership Team

Experienced Management: FNB's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: FNB's board of directors are considered experienced (4.6 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

FirstRand Namibia Limited's employee growth, exchange listings and data sources


Key Information

  • Name: FirstRand Namibia Limited
  • Ticker: FNB
  • Exchange: NMSE
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: R7.605b
  • Shares outstanding: 262.05m
  • Website: https://www.fnbnamibia.com.na

Number of Employees


Location

  • FirstRand Namibia Limited
  • @Parkside
  • 130 Independence Avenue
  • Windhoek
  • Namibia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:39
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.