Abbey Mortgage Bank Plc provides mortgage services, financial advisory, and real estate construction finance to corporate and individual customers in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.95|
|52 Week High||₦0.95|
|52 Week Low||₦0.95|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||-9.52%|
|3 Year Change||-18.80%|
|5 Year Change||-24.00%|
|Change since IPO||-75.58%|
Recent News & Updates
|ABBEYBDS||NG Mortgage||NG Market|
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.
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
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
|ABBEYBDS fundamental statistics|
Is ABBEYBDS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ABBEYBDS income statement (TTM)|
|Cost of Revenue||₦45.17m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.59|
|Net Profit Margin||171.51%|
How did ABBEYBDS perform over the long term?See historical performance and comparison
Is Abbey Mortgage Bank undervalued compared to its fair value and its price relative to the market?
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).
How is Abbey Mortgage Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Abbey Mortgage Bank performed over the past 5 years?
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.
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
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%).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: ABBEYBDS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: ABBEYBDS's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Abbey Mortgage Bank Plc's employee growth, exchange listings and data sources
- 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
- Abbey Mortgage Bank Plc
- 23, Karimu Kotun Street
- Victoria Island
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 22:07|
|End of Day Share Price||2021/10/20 00:00|
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.