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ABBE

Abbey Mortgage BankNGSE:ABBEYBDS Stock Report

Market Cap

₦6.1b

7D

0%

1Y

-9.5%

Updated

20 Oct, 2021

Data

Company Financials
ABBEYBDS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ABBEYBDS Overview

Abbey Mortgage Bank Plc provides mortgage services, financial advisory, and real estate construction finance to corporate and individual customers in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Abbey Mortgage Bank
Historical stock prices
Current Share Price₦0.95
52 Week High₦0.95
52 Week Low₦0.95
Beta-0.026
1 Month Change0%
3 Month Change0%
1 Year Change-9.52%
3 Year Change-18.80%
5 Year Change-24.00%
Change since IPO-75.58%

Recent News & Updates

Shareholder Returns

ABBEYBDSNG MortgageNG Market
7D0%0%0.4%
1Y-9.5%-0.6%40.4%

Return vs Industry: ABBEYBDS underperformed the NG Mortgage industry which returned -0.6% over the past year.

Return vs Market: ABBEYBDS underperformed the NG Market which returned 38.8% over the past year.

Price Volatility

Is ABBEYBDS's price volatile compared to industry and market?
ABBEYBDS volatility
ABBEYBDS Beta-0.026
Industry Beta1.05
Market Beta1

Stable Share Price: ABBEYBDS is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: ABBEYBDS's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991107Madu Hammanhttps://www.abbeymortgagebank.com

Abbey Mortgage Bank Plc provides mortgage services, financial advisory, and real estate construction finance to corporate and individual customers in Nigeria. The company offers savings accounts, home accounts, fixed deposits, call accounts, cash management accounts, housing investment funds, and certificates of deposit. It also provides a range of mortgage products and services, such as corporate mortgages, real estate development, construction loans, school loans, mortgage administration schemes, personal mortgages, staff housing loans, equity releases, national housing funds, personal loans and consumer finance, and mortgage education.

Abbey Mortgage Bank Fundamentals Summary

How do Abbey Mortgage Bank's earnings and revenue compare to its market cap?
ABBEYBDS fundamental statistics
Market Cap₦6.14b
Earnings (TTM)-₦3.80b
Revenue (TTM)n/a

1.7x

P/B Ratio

-2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABBEYBDS income statement (TTM)
Revenue-₦2.21b
Cost of Revenue₦45.17m
Gross Profit-₦2.26b
Expenses₦1.54b
Earnings-₦3.80b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.59
Gross Margin102.04%
Net Profit Margin171.51%
Debt/Equity Ratio150.6%

How did ABBEYBDS perform over the long term?

See historical performance and comparison

Valuation

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

1.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ABBEYBDS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ABBEYBDS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ABBEYBDS is unprofitable, so we can't compare its PE Ratio to the Global Mortgage industry average.

PE vs Market: ABBEYBDS is unprofitable, so we can't compare its PE Ratio to the NG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ABBEYBDS is overvalued based on its PB Ratio (1.7x) compared to the XF Mortgage industry average (1x).


Future Growth

How is Abbey Mortgage Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.0%

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 Abbey Mortgage 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 Abbey Mortgage Bank performed over the past 5 years?

-71.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABBEYBDS is currently unprofitable.

Growing Profit Margin: ABBEYBDS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ABBEYBDS is unprofitable, and losses have increased over the past 5 years at a rate of 71.1% per year.

Accelerating Growth: Unable to compare ABBEYBDS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ABBEYBDS is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (28.3%).


Return on Equity

High ROE: ABBEYBDS has a negative Return on Equity (-105.18%), as it is currently unprofitable.


Financial Health

How is Abbey Mortgage 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: ABBEYBDS's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: ABBEYBDS has a low allowance for bad loans (37%).

Low Risk Liabilities: 78% of ABBEYBDS's liabilities are made up of primarily low risk sources of funding.

Loan Level: ABBEYBDS has an appropriate level of Loans to Assets ratio (22%).

Low Risk Deposits: ABBEYBDS's Loans to Deposits ratio (32%) is appropriate.

Level of Bad Loans: ABBEYBDS has a high level of bad loans (29.9%).


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ABBEYBDS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ABBEYBDS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ABBEYBDS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ABBEYBDS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ABBEYBDS is not paying a notable dividend for the NG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ABBEYBDS's dividend in 3 years as they are not forecast to pay a notable one for the NG market.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Madu Hamman

1.33yrs

Tenure

Mr. Madu Hamman serves as Executive Director of Finance and Administration of Abbey Building Society Limited and served as its Acting Managing Director and Chief Executive Officer from 2020 until 2020. He...


Leadership Team

Experienced Management: ABBEYBDS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ABBEYBDS's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

Abbey Mortgage Bank Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Abbey Mortgage Bank Plc
  • Ticker: ABBEYBDS
  • Exchange: NGSE
  • Founded: 1991
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₦6.138b
  • Shares outstanding: 6.46b
  • Website: https://www.abbeymortgagebank.com

Number of Employees


Location

  • Abbey Mortgage Bank Plc
  • 23, Karimu Kotun Street
  • Victoria Island
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 22:07
End of Day Share Price2021/10/20 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.