How does ETI's PE Ratio compare to its peers?

ETI is good value based on its Price-To-Earnings Ratio (1.4x) compared to the peer average (2.6x).

How does ETI's PE Ratio compare vs other companies in the African Banks Industry?

ETI is good value based on its Price-To-Earnings Ratio (1.4x) compared to the African Banks industry average (5.2x).

What is ETI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate ETI's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of ETI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ETI (NGN25.5) is trading below our estimate of [[fair value]] (NGN25.64)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Ecobank Transnational (NGSE:ETI) - Stock Price, News & Analysis

ETI Stock Overview

Provides retail, corporate, and investment banking services in Africa and internationally. More details

ETI fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 0.6% below our estimate of its fair value

Risk Analysis

Unstable dividend track record

Ecobank Transnational Incorporated Competitors

Union Bank of Nigeria

NGSE:UBN

₦194.6b

FBN Holdings

NGSE:FBNH

₦951.2b

Fidelity Bank

NGSE:FIDELITYBK

₦496.0b

Access Holdings

NGSE:ACCESSCORP

₦826.5b

Price History & Performance

Summary of share price highs, lows and changes for Ecobank Transnational
Historical stock prices
Current Share Price	₦25.50
52 Week High	₦28.80
52 Week Low	₦20.00
Beta	0.37
1 Month Change	0%
3 Month Change	7.37%
1 Year Change	12.33%
3 Year Change	168.42%
5 Year Change	266.91%
Change since IPO	-84.87%

Recent updates

Shareholder Returns

	ETI	NG Banks	NG Market
7D	0%	-0.3%	0.6%
1Y	12.3%	22.7%	51.2%

Return vs Industry: ETI underperformed the NG Banks industry which returned 24.6% over the past year.

Return vs Market: ETI underperformed the NG Market which returned 51.3% over the past year.

Price Volatility

Is ETI's price volatile compared to industry and market?
ETI volatility
ETI Average Weekly Movement	3.5%
Banks Industry Average Movement	6.9%
Market Average Movement	6.3%
10% most volatile stocks in NG Market	8.8%
10% least volatile stocks in NG Market	3.3%

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

Volatility Over Time: ETI's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1985	14,654	Jeremy Edward Awori	www.ecobank.com

Ecobank Transnational Incorporated, together with its subsidiaries, provides retail, corporate, and investment banking services in Africa and internationally. The company operates through Corporate & Investment Bank, Commercial Banking, and Consumer segments. It offers current accounts, savings accounts, and term deposits; debit, credit, and prepaid cards; trade services and finance; and personal, auto/asset acquisition, mortgage, travel, and cash backed loans.

Ecobank Transnational Incorporated Fundamentals Summary

How do Ecobank Transnational's earnings and revenue compare to its market cap?
ETI fundamental statistics
Market cap	₦627.11b
Earnings (TTM)	₦455.22b
Revenue (TTM)	₦2.72t

1.4x

P/E Ratio

0.4x

P/B Ratio

Is ETI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ETI income statement (TTM)
Revenue	US$1.77b
Cost of Revenue	US$20.83m
Gross Profit	US$1.74b
Other Expenses	US$1.45b
Earnings	US$295.74m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.012
Gross Margin	98.82%
Net Profit Margin	16.75%
Debt/Equity Ratio	144.3%

How did ETI perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

9%

Payout Ratio

ETI Stock Overview

Rewards

Risk Analysis

Ecobank Transnational Incorporated Competitors

NGSE:UBN

₦194.6b

NGSE:FBNH

₦951.2b

NGSE:FIDELITYBK

₦496.0b

NGSE:ACCESSCORP

₦826.5b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: US$0.003 (vs US$0.003 in 3Q 2023)

Second quarter 2024 earnings released: EPS: US$0.004 (vs US$0.004 in 2Q 2023)

Ecobank Transnational Incorporated Announces Board Appointments

Now 23% overvalued after recent price rise

Ecobank Transnational Incorporated, Annual General Meeting, Jun 06, 2024

Full year 2023 earnings released: EPS: US$0.012 (vs US$0.012 in FY 2022)

Recent updates

Third quarter 2024 earnings released: EPS: US$0.003 (vs US$0.003 in 3Q 2023)

Second quarter 2024 earnings released: EPS: US$0.004 (vs US$0.004 in 2Q 2023)

Ecobank Transnational Incorporated Announces Board Appointments

Now 23% overvalued after recent price rise

Ecobank Transnational Incorporated, Annual General Meeting, Jun 06, 2024

Full year 2023 earnings released: EPS: US$0.012 (vs US$0.012 in FY 2022)

Now 23% undervalued

Ecobank Group Announces Executive Changes

Ecobank Group Announces Executive Changes

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 21%

Third quarter 2023 earnings released: EPS: US$0.003 (vs US$0.003 in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$0.004 (vs US$0.003 in 2Q 2022)

Investor sentiment improves as stock rises 21%

Full year 2022 earnings released: EPS: US$0.012 (vs US$0.011 in FY 2021)

Third quarter 2022 earnings released

Ecobank Transnational Incorporated Announces Executive Changes

Second quarter 2022 earnings released: EPS: US$0.003 (vs US$0.002 in 2Q 2021)

Ecobank Transnational Incorporated Recommends Payment of Final Dividend for the 2021

Ecobank Transnational Incorporated, Annual General Meeting, May 25, 2022

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Ecobank Transnational Incorporated Proposes Dividend for the Year 2021

The Ecobank Foundation Appoints Elisa Desbordes-Cissé as Chief Operating Officer

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released

First quarter 2021 earnings released: EPS US$0.002 (vs US$0.002 in 1Q 2020)

Ecobank Transnational Incorporated to Report Fiscal Year 2020 Results on Mar 23, 2021

New 90-day low: ₦5.35

Third quarter 2020 earnings released: US$0.005 loss per share

Market bids up stock over the past week

New 90-day high: ₦6.00

Market bids up stock over the past week

New 90-day high: ₦4.55

New 90-day low - ₦3.95

New 90-day low - ₦4.05

New 90-day low - ₦4.25

Shareholder Returns

Price Volatility

About the Company

Ecobank Transnational Incorporated Fundamentals Summary

1.4x

0.4x

Earnings & Revenue

Dividends

6.6%

9%