| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
FBNH Overview
FBN Holdings Plc, together with its subsidiaries, provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria and internationally.
FBN Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦12.25 |
| 52 Week High | ₦7.10 |
| 52 Week Low | ₦12.90 |
| Beta | 0.97 |
| 1 Month Change | 63.33% |
| 3 Month Change | 64.43% |
| 1 Year Change | 99.19% |
| 3 Year Change | 48.49% |
| 5 Year Change | 295.16% |
| Change since IPO | 2,510.65% |
Recent News & Updates
Shareholder Returns
| FBNH | NG Banks | NG Market | |
|---|---|---|---|
| 7D | 4.3% | 0.4% | 1.5% |
| 1Y | 99.2% | 20.5% | 40.2% |
Return vs Industry: FBNH exceeded the NG Banks industry which returned 20.5% over the past year.
Return vs Market: FBNH exceeded the NG Market which returned 40.2% over the past year.
Price Volatility
| FBNH volatility | |
|---|---|
| FBNH Beta | 0.97 |
| Industry Beta | 0.87 |
| Market Beta | 1 |
Stable Share Price: FBNH is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FBNH's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1894 | 8,342 | UK Eke | https://www.fbnholdings.com |
FBN Holdings Plc, together with its subsidiaries, provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria and internationally. The company operates through Commercial Banking Business Group; Merchant Banking and Asset Management Business Group (MBAM); and Others segments. The Commercial Banking Business Group segment offers financial intermediation services to individual and corporate clients/customers.
FBN Holdings Fundamentals Summary
| FBNH fundamental statistics | |
|---|---|
| Market Cap | ₦450.49b |
| Earnings (TTM) | ₦76.91b |
| Revenue (TTM) | ₦392.97b |
5.7x
P/E Ratio0.6x
P/B RatioIs FBNH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FBNH income statement (TTM) | |
|---|---|
| Revenue | ₦392.97b |
| Cost of Revenue | ₦31.27b |
| Gross Profit | ₦361.70b |
| Expenses | ₦284.80b |
| Earnings | ₦76.91b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.14 |
| Gross Margin | 92.04% |
| Net Profit Margin | 19.57% |
| Debt/Equity Ratio | 61.7% |
How did FBNH perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield21%
Payout RatioValuation
Is FBN Holdings undervalued compared to its fair value and its price relative to the market?
5.72x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FBNH's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FBNH's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FBNH is poor value based on its PE Ratio (5.7x) compared to the NG Banks industry average (3.7x).
PE vs Market: FBNH is good value based on its PE Ratio (5.7x) compared to the NG market (7.3x).
Price to Earnings Growth Ratio
PEG Ratio: FBNH is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: FBNH is overvalued based on its PB Ratio (0.6x) compared to the NG Banks industry average (0.5x).
Future Growth
How is FBN Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
29.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FBNH's forecast earnings growth (29.3% per year) is above the savings rate (13.2%).
Earnings vs Market: FBNH's earnings (29.3% per year) are forecast to grow faster than the NG market (15.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FBNH's revenue (17.6% per year) is forecast to grow faster than the NG market (10.4% per year).
High Growth Revenue: FBNH's revenue (17.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FBNH's Return on Equity is forecast to be low in 3 years time (12.9%).
Past Performance
How has FBN Holdings performed over the past 5 years?
29.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBNH has a large one-off loss of NGN25.6B impacting its June 30 2021 financial results.
Growing Profit Margin: FBNH's current net profit margins (19.6%) are higher than last year (18.7%).
Past Earnings Growth Analysis
Earnings Trend: FBNH's earnings have grown significantly by 29.3% per year over the past 5 years.
Accelerating Growth: FBNH's earnings growth over the past year (10.5%) is below its 5-year average (29.3% per year).
Earnings vs Industry: FBNH earnings growth over the past year (10.5%) underperformed the Banks industry 10.5%.
Return on Equity
High ROE: FBNH's Return on Equity (10.1%) is considered low.
Financial Health
How is FBN 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: FBNH's Assets to Equity ratio (10.4x) is moderate.
Allowance for Bad Loans: FBNH has a low allowance for bad loans (39%).
Low Risk Liabilities: 85% of FBNH's liabilities are made up of primarily low risk sources of funding.
Loan Level: FBNH has an appropriate level of Loans to Assets ratio (32%).
Low Risk Deposits: FBNH's Loans to Deposits ratio (41%) is appropriate.
Level of Bad Loans: FBNH has a high level of bad loans (8.3%).
Dividend
What is FBN Holdings's current dividend yield, its reliability and sustainability?
3.67%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FBNH's dividend (3.67%) is higher than the bottom 25% of dividend payers in the NG market (3.4%).
High Dividend: FBNH's dividend (3.67%) is low compared to the top 25% of dividend payers in the NG market (7.31%).
Stability and Growth of Payments
Stable Dividend: FBNH's dividend payments have been volatile in the past 10 years.
Growing Dividend: FBNH's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21%), FBNH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FBNH's dividends in 3 years are forecast to be well covered by earnings (25.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
UK Eke (56 yo)
5.75yrs
Tenure
Mr. Urum Kalu Eke, MFR, also known as UK, serves as Member of Board of Directors at Nigeria Sovereign Investment Authority since 2017 and has been Non-Executive Director at FBNQuest Merchant Bank Ltd. sinc...
Leadership Team
Experienced Management: FBNH's management team is considered experienced (4.2 years average tenure).
Board Members
Experienced Board: FBNH's board of directors are not considered experienced ( 0.5 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
FBN Holdings Plc's employee growth, exchange listings and data sources
Key Information
- Name: FBN Holdings Plc
- Ticker: FBNH
- Exchange: NGSE
- Founded: 1894
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦450.486b
- Shares outstanding: 35.90b
- Website: https://www.fbnholdings.com
Number of Employees
Location
- FBN Holdings Plc
- Samuel Asabia House
- 35, Marina
- Lagos
- 5216
- Nigeria
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:13 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.