Nedbank Group (NMSE:NBK) - Stock Price, News & Analysis

NBK Stock Overview

Provides various wholesale and retail banking services in South Africa and internationally. More details

NBK fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

Rewards

Revenue is forecast to grow 9.36% per year

Earnings have grown 13.4% per year over the past 5 years

Risk Analysis

Unstable dividend track record

Nedbank Group Limited Competitors

FirstRand Namibia

NMSE:FNB

R12.3b

Capricorn Group

NMSE:CGP

R10.2b

SBN Holdings

NMSE:SNO

R4.7b

Taishin Financial Holding

TWSE:2887

NT$244.2b

Price History & Performance

Summary of all time highs, changes and price drops for Nedbank Group
Historical stock prices
Current Share Price	R294.90
52 Week High	R309.00
52 Week Low	R199.60
Beta	1.13
11 Month Change	0.48%
3 Month Change	1.15%
1 Year Change	36.95%
33 Year Change	93.20%
5 Year Change	34.66%
Change since IPO	119.42%

Recent updates

Shareholder Returns

	NBK	NA Banks	NA Market
7D	1.8%	0.9%	-0.05%
1Y	36.9%	26.6%	1.8%

Return vs Industry: NBK exceeded the NA Banks industry which returned 27.7% over the past year.

Return vs Market: NBK exceeded the NA Market which returned 1.3% over the past year.

Price Volatility

Is NBK's price volatile compared to industry and market?
NBK volatility
NBK Average Weekly Movement	2.4%
Banks Industry Average Movement	3.5%
Market Average Movement	4.6%
10% most volatile stocks in NA Market	9.1%
10% least volatile stocks in NA Market	2.0%

Stable Share Price: NBK has not had significant price volatility in the past 3 months compared to the NA market.

Volatility Over Time: NBK's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1831	25,883	Jason Paul Quinn	www.nedbank.co.za

Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including bank accounts; advisory, management, and stockbroking investment services; personal, home, and student loans; overdrafts, vehicle and solar finance, short-term loans, and credit cards; life, funeral, short term, credit, travel, and business insurance; and share trading, financial planning, retirement planning, will drafting, estate planning, and will and trust services, as well as private wealth solutions. The company also provides business banking services, such as business accounts; overdraft, small business credit card, invoice discounting, vehicle and equipment finance, property finance, and term-loans; investment solutions; card and cash solutions; cash handling; merchant services; global trade solutions; agriculture, construction, engineering, property, key man, buy-sell, commercial vehicle, general, and specialty insurance; and industry specific solutions.

Nedbank Group Limited Fundamentals Summary

How do Nedbank Group's earnings and revenue compare to its market cap?
NBK fundamental statistics
Market cap	R137.73b
Earnings (TTM)	R15.90b
Revenue (TTM)	R62.89b

8.7x

P/E Ratio

1.3x

P/B Ratio

Is NBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NBK income statement (TTM)
Revenue	R62.89b
Cost of Revenue	R0
Gross Profit	R62.89b
Other Expenses	R46.99b
Earnings	R15.90b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	34.04
Gross Margin	100.00%
Net Profit Margin	25.28%
Debt/Equity Ratio	48.9%

How did NBK perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

58%

Payout Ratio

NBK Stock Overview

Rewards

Risk Analysis

Nedbank Group Limited Competitors

NMSE:FNB

R12.3b

NMSE:CGP

R10.2b

NMSE:SNO

R4.7b

TWSE:2887

NT$244.2b

Price History & Performance

Recent News & Updates

Nedbank Group and Nedbank Limited Appoints William Mzimba as Independent Non-Executive Director and Member of the Nedbank Group IT Committee with Effect from 1 October 2024

First half dividend of R9.71 announced

Nedbank Group Limited Declares an Interim Dividend for Six Months Ended June 30, 2024, Payable on September 9, 2024

Nedbank Group and Nedbank Limited Appoints Mavis (May) Ann Hermanus as Independent Non-Executive Director and Member of the Nedbank Group Sustainability and Climate Resilience Committee, Effective 15 July 2024

Investor sentiment improves as stock rises 18%

Nedbank Group and Nedbank Announces Changes to the Boards and Board Committees

Recent updates

Nedbank Group and Nedbank Limited Appoints William Mzimba as Independent Non-Executive Director and Member of the Nedbank Group IT Committee with Effect from 1 October 2024

First half dividend of R9.71 announced

Nedbank Group Limited Declares an Interim Dividend for Six Months Ended June 30, 2024, Payable on September 9, 2024

Nedbank Group and Nedbank Limited Appoints Mavis (May) Ann Hermanus as Independent Non-Executive Director and Member of the Nedbank Group Sustainability and Climate Resilience Committee, Effective 15 July 2024

Investor sentiment improves as stock rises 18%

Nedbank Group and Nedbank Announces Changes to the Boards and Board Committees

Upcoming dividend of R10.22 per share

Full year 2023 earnings released: EPS: R32.39 (vs R29.32 in FY 2022)

Nedbank Group Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 15 April 2024

Nedbank Group Limited and Nedbank Limited Appoints Terence Mncedisi Nombembe as an Independent Non-Executive Director and Member of Nedbank Group Audit Committee, Effective 1 January 2024

Nedbank Limited and Nedbank Group Limited Announce Executive Changes, Effective 31 May 2024

Nedbank Group Limited Announces Changes to Board Committees

Nedbank Group Limited and Nedbank Limited Announce Resignation of Mteto Nyati as Independent Non-Executive Director, Effective on October 9, 2023

Nedbank Group Limited to Report First Half, 2024 Results on Aug 06, 2024

Upcoming dividend of R8.71 per share at 8.0% yield

First half 2023 earnings released: EPS: R15.24 (vs R14.12 in 1H 2022)

Nedbank Group Limited Declares an Interim Dividend on Ordinary Share, Payable on September 11, 2023

Upcoming dividend of R8.66 per share at 7.8% yield

Full year 2022 earnings released: EPS: R29.32 (vs R23.17 in FY 2021)

Nedbank Group and Nedbank Announce Board Changes

Nedbank Group Limited Announces Resignation of Tshilidzi Marwala as an Independent Non-Executive Director and Therefore as A Member of the Group It Committee, Group Climate Resilience Committee, and Group Transformation, Social and Ethics Committee

COO & Director recently sold R1.5m worth of stock

COO & Director recently sold R2.1m worth of stock

Insider recently sold R2.8m worth of stock

Nedbank Group Limited, Annual General Meeting, Jun 02, 2023

Nedbank Group Limited to Report Fiscal Year 2022 Results on Mar 07, 2023

An unknown buyer acquired an unknown stake in Nedbank Group Limited (JSE:NED) from Ninety One SA Proprietary Limited.

Mteto Nyati Joins Nedbank Board

An unknown buyer acquired 5.4% stake in Nedbank Group Limited (JSE:NED) from The Goldman Sachs Group, Inc. (NYSE:GS).

Upcoming dividend of R7.83 per share

Nedbank Appoints Phumzile Langeni as Independent Non-Executive Director

GIC Pte. Ltd. acquired a 5.01% stake in Nedbank Group Limited (JSE:NED).

Nedbank Group Limited Announces Group Chief Financial Officer Changes

Nedbank Group Limited to Report Fiscal Year 2021 Final Results on Apr 21, 2022

Nedbank Group Limited, Annual General Meeting, May 27, 2022

Upcoming dividend of R7.58 per share

Nedbank Group Limited to Report Fiscal Year 2021 Results on Mar 09, 2022

Upcoming dividend of R4.33 per share

First half 2021 earnings released: EPS R10.81 (vs R2.70 in 1H 2020)

Nedbank Group Limited Revises Earnings Guidance for the Six-Month Period Ended 30 June 2021

Non-Executive Director has left the company

Full year 2020 earnings released: EPS R7.18 (vs R25.00 in FY 2019)

New 90-day high: R141

Nedbank Group Limited to Report First Half, 2021 Results on Aug 17, 2021

Investor sentiment improved over the past week

Vassi Naidoo to Be Taking Leave of Absence as Independent Chairman of Nedbank Group Limited and Nedbank Limited

Market bids up stock over the past week

New 90-day high: R118

Market pulls back on stock over the past week

Nedbank Limited and Nedbank Group Limited Appoints Mike Davis as Debt Officer

Market bids up stock over the past week

New 90-day low - R92.99

Earnings released

Nedbank Group Limited to Report First Half, 2020 Results on Aug 26, 2020

Shareholder Returns

Price Volatility

About the Company

Nedbank Group Limited Fundamentals Summary

8.7x