Ecobank Transnational Incorporated, together with its subsidiaries, provides retail, corporate, and investment banking services in Africa and internationally.
Ecobank Transnational Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₦7.30|
|52 Week High||₦4.50|
|52 Week Low||₦7.50|
|1 Month Change||39.05%|
|3 Month Change||43.14%|
|1 Year Change||62.22%|
|3 Year Change||-54.37%|
|5 Year Change||-27.00%|
|Change since IPO||-95.67%|
Recent News & Updates
|ETI||NG Banks||NG Market|
Return vs Industry: ETI exceeded the NG Banks industry which returned 23.6% over the past year.
Return vs Market: ETI exceeded the NG Market which returned 40.4% over the past year.
Stable Share Price: ETI is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ETI's weekly volatility (6%) has been stable over the past year.
About the Company
Ecobank Transnational Incorporated, together with its subsidiaries, provides retail, corporate, and investment banking services in Africa and internationally. It operates through Corporate & Investment Banking, Commercial Banking, and Consumer Banking segments. The company offers current accounts, savings accounts, and term deposits; personal, auto/asset acquisition, mortgage, travel, and cash backed loans; and business overdrafts, business revolving credit plans, debtor finance, distributor finance schemes, and vehicle and asset finance, as well as cards, and Internet and mobile services.
Ecobank Transnational Fundamentals Summary
|ETI fundamental statistics|
Is ETI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ETI income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Dec 07, 2021
|Earnings per share (EPS)||0.00079|
|Net Profit Margin||1.30%|
How did ETI perform over the long term?See historical performance and comparison
Is Ecobank Transnational undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ETI's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ETI's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ETI is poor value based on its PE Ratio (22.5x) compared to the NG Banks industry average (3.8x).
PE vs Market: ETI is poor value based on its PE Ratio (22.5x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: ETI is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: ETI is good value based on its PB Ratio (0.3x) compared to the NG Banks industry average (0.5x).
How is Ecobank Transnational forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ETI's forecast earnings growth (46.4% per year) is above the savings rate (13.2%).
Earnings vs Market: ETI's earnings (46.4% per year) are forecast to grow faster than the NG market (15.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ETI's revenue (7.6% per year) is forecast to grow slower than the NG market (10.4% per year).
High Growth Revenue: ETI's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ETI's Return on Equity is forecast to be low in 3 years time (13.3%).
How has Ecobank Transnational performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ETI has a large one-off loss of $237.7M impacting its June 30 2021 financial results.
Growing Profit Margin: ETI's current net profit margins (1.3%) are lower than last year (11.2%).
Past Earnings Growth Analysis
Earnings Trend: ETI has become profitable over the past 5 years, growing earnings by 31.9% per year.
Accelerating Growth: ETI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ETI had negative earnings growth (-87.9%) over the past year, making it difficult to compare to the Banks industry average (10.5%).
Return on Equity
High ROE: ETI's Return on Equity (5.6%) is considered low.
How is Ecobank Transnational'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: ETI's Assets to Equity ratio (13.7x) is moderate.
Allowance for Bad Loans: ETI has a low allowance for bad loans (87%).
Low Risk Liabilities: 84% of ETI's liabilities are made up of primarily low risk sources of funding.
Loan Level: ETI has an appropriate level of Loans to Assets ratio (33%).
Low Risk Deposits: ETI's Loans to Deposits ratio (42%) is appropriate.
Level of Bad Loans: ETI has a high level of bad loans (7.4%).
What is Ecobank Transnational current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ETI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ETI'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 ETI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ETI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ETI is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ETI'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
Ade Ayeyemi (58 yo)
Mr. Ade Ayeyemi has been the Group Chief Executive Officer of Ecobank Transnational Incorporated since September 1, 2015 and served as its Executive Director since September 11, 2015. Mr. Ayeyemi served as...
Experienced Management: ETI's management team is considered experienced (3.2 years average tenure).
Experienced Board: ETI's board of directors are considered experienced (3.1 years average tenure).
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.
Ecobank Transnational Incorporated's employee growth, exchange listings and data sources
- Name: Ecobank Transnational Incorporated
- Ticker: ETI
- Exchange: NGSE
- Founded: 1985
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦179.526b
- Shares outstanding: 24.59b
- Website: https://www.ecobank.com/group
Number of Employees
- Ecobank Transnational Incorporated
- 2365, Boulevard du Mono
- B.P. 3261
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 20:59|
|End of Day Share Price||2021/10/21 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.