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SNO

SBN HoldingsNMSE:SNO Stock Report

Market Cap

R3.4b

7D

-0.3%

1Y

-6.7%

Updated

16 Oct, 2021

Data

Company Financials +
SNO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends2/6

SNO Overview

SBN Holdings Limited, through its subsidiary, Standard Bank Namibia provides banking and financial services in Namibia.

Price History & Performance

Summary of all time highs, changes and price drops for SBN Holdings
Historical stock prices
Current Share PriceR6.45
52 Week HighR6.45
52 Week LowR8.45
Beta0
1 Month Change-0.46%
3 Month Change-0.62%
1 Year Change-6.66%
3 Year Changen/a
5 Year Changen/a
Change since IPO-28.33%

Recent News & Updates

Shareholder Returns

SNONA BanksNA Market
7D-0.3%0.8%1.1%
1Y-6.7%29.1%-2.0%

Return vs Industry: SNO underperformed the NA Banks industry which returned 29.1% over the past year.

Return vs Market: SNO underperformed the NA Market which returned -2% over the past year.

Price Volatility

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

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

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

About the Company

FoundedEmployeesCEOWebsite
19151,500Mercia Geiseshttps://www.standardbank.com.na

SBN Holdings Limited, through its subsidiary, Standard Bank Namibia provides banking and financial services in Namibia. The company offers banking and other financial services to individual customers and small to medium-sized enterprises, such as mortgage lending, instalment sale and finance leases, cards, transactional products, lending products, and wealth and investment products. It also offers corporate and investment banking services, including global markets, transactional products and services, and investment banking services to branches of government, parastatals, larger corporates, financial institutions, and international counterparties.

SBN Holdings Fundamentals Summary

How do SBN Holdings's earnings and revenue compare to its market cap?
SNO fundamental statistics
Market CapN$3.38b
Earnings (TTM)N$382.66m
Revenue (TTM)N$2.09b

8.8x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNO income statement (TTM)
RevenueN$2.09b
Cost of RevenueN$0
Gross ProfitN$2.09b
ExpensesN$1.71b
EarningsN$382.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin100.00%
Net Profit Margin18.27%
Debt/Equity Ratio40.2%

How did SNO perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

41%

Payout Ratio

Valuation

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

8.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SNO (ZAR6.45) is trading above our estimate of fair value (ZAR5.15)

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


Price To Earnings Ratio

PE vs Industry: SNO is poor value based on its PE Ratio (8.8x) compared to the African Banks industry average (6.5x).

PE vs Market: SNO is poor value based on its PE Ratio (8.8x) compared to the NA market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: SNO is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: SNO is good value based on its PB Ratio (0.8x) compared to the XF Banks industry average (0.9x).


Future Growth

How is SBN Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNO's forecast earnings growth (8.5% per year) is below the savings rate (9.1%).

Earnings vs Market: SNO's earnings (8.5% per year) are forecast to grow slower than the NA market (12.7% per year).

High Growth Earnings: SNO's earnings are forecast to grow, but not significantly.

Revenue vs Market: SNO's revenue (5.3% per year) is forecast to grow slower than the NA market (6.9% per year).

High Growth Revenue: SNO's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SNO's Return on Equity is forecast to be high in 3 years time


Past Performance

How has SBN Holdings performed over the past 5 years?

-5.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNO has high quality earnings.

Growing Profit Margin: SNO's current net profit margins (18.3%) are lower than last year (23.9%).


Past Earnings Growth Analysis

Earnings Trend: SNO's earnings have declined by 5.1% per year over the past 5 years.

Accelerating Growth: SNO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SNO had negative earnings growth (-31.4%) over the past year, making it difficult to compare to the Banks industry average (11%).


Return on Equity

High ROE: SNO's Return on Equity (8.9%) is considered low.


Financial Health

How is SBN 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: SNO's Assets to Equity ratio (7.7x) is low.

Allowance for Bad Loans: SNO has a low allowance for bad loans (41%).

Low Risk Liabilities: 90% of SNO's liabilities are made up of primarily low risk sources of funding.

Loan Level: SNO has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: SNO's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: SNO has a high level of bad loans (8.3%).


Dividend

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

4.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNO's dividend (4.33%) is higher than the bottom 25% of dividend payers in the NA market (3.28%).

High Dividend: SNO's dividend (4.33%) is low compared to the top 25% of dividend payers in the NA market (7.86%).


Stability and Growth of Payments

Stable Dividend: SNO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SNO's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.3%), SNO's dividend payments are well 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?

4.8yrs

Average management tenure


CEO

Mercia Geises

0.42

Tenure

Ms. Mercia Geises, BJuris, LLB, LLM, MBA, has been a Head of Personal and Business Banking since 2016 at Standard Bank Namibia Ltd. She has been the Chief Executive Officer at SBN Holdings Ltd. since May 1...


Leadership Team

Experienced Management: SNO's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: SNO's board of directors are considered experienced (6.1 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

SBN Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: SBN Holdings Limited
  • Ticker: SNO
  • Exchange: NMSE
  • Founded: 1915
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: R3.370b
  • Shares outstanding: 522.47m
  • Website: https://www.standardbank.com.na

Number of Employees


Location

  • SBN Holdings Limited
  • 1 Chasie Street
  • Kleine Kuppe
  • Windhoek
  • Namibia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 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.