FCMB Group Plc, through its subsidiaries, provides various banking and financial services to the wholesale and retail customers in Nigeria and Europe.
FCMB Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₦3.15|
|52 Week High||₦2.25|
|52 Week Low||₦3.99|
|1 Month Change||5.71%|
|3 Month Change||5.35%|
|1 Year Change||39.38%|
|3 Year Change||103.23%|
|5 Year Change||188.99%|
|Change since IPO||-27.27%|
Recent News & Updates
|FCMB||NG Banks||NG Market|
Return vs Industry: FCMB exceeded the NG Banks industry which returned 21% over the past year.
Return vs Market: FCMB matched the NG Market which returned 38.8% over the past year.
Stable Share Price: FCMB is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FCMB's weekly volatility (4%) has been stable over the past year.
About the Company
FCMB Group Plc, through its subsidiaries, provides various banking and financial services to the wholesale and retail customers in Nigeria and Europe. The company’s Investment Banking segment offers banking services to structured corporate organizations. This segment is also involved in capital raising activities for organizations in money and capital markets; and the provision of financial advisory services to organizations in raising funds.
FCMB Group Fundamentals Summary
|FCMB fundamental statistics|
Is FCMB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FCMB income statement (TTM)|
|Cost of Revenue||₦892.48m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 24, 2021
|Earnings per share (EPS)||0.87|
|Net Profit Margin||16.00%|
How did FCMB perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is FCMB Group 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 FCMB's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FCMB's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FCMB is good value based on its PE Ratio (3.6x) compared to the NG Banks industry average (3.9x).
PE vs Market: FCMB is good value based on its PE Ratio (3.6x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: FCMB is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: FCMB is good value based on its PB Ratio (0.3x) compared to the NG Banks industry average (0.5x).
How is FCMB Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCMB's forecast earnings growth (13.3% per year) is above the savings rate (13.2%).
Earnings vs Market: FCMB's earnings (13.3% per year) are forecast to grow slower than the NG market (15.2% per year).
High Growth Earnings: FCMB's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCMB's revenue (9.3% per year) is forecast to grow slower than the NG market (10.4% per year).
High Growth Revenue: FCMB's revenue (9.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCMB's Return on Equity is forecast to be low in 3 years time (11.3%).
How has FCMB Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCMB has a high level of non-cash earnings.
Growing Profit Margin: FCMB's current net profit margins (16%) are lower than last year (19.1%).
Past Earnings Growth Analysis
Earnings Trend: FCMB's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: FCMB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FCMB had negative earnings growth (-12.8%) over the past year, making it difficult to compare to the Banks industry average (10.5%).
Return on Equity
High ROE: FCMB's Return on Equity (7.4%) is considered low.
How is FCMB Group'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: FCMB's Assets to Equity ratio (9.6x) is low.
Allowance for Bad Loans: FCMB has a sufficient allowance for bad loans (163%).
Low Risk Liabilities: 74% of FCMB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCMB has an appropriate level of Loans to Assets ratio (41%).
Low Risk Deposits: FCMB's Loans to Deposits ratio (62%) is appropriate.
Level of Bad Loans: FCMB has a high level of bad loans (3.3%).
What is FCMB Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCMB's dividend (4.76%) is higher than the bottom 25% of dividend payers in the NG market (3.25%).
High Dividend: FCMB's dividend (4.76%) is low compared to the top 25% of dividend payers in the NG market (7.24%).
Stability and Growth of Payments
Stable Dividend: FCMB's dividend payments have been volatile in the past 10 years.
Growing Dividend: FCMB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.2%), FCMB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCMB's dividends in 3 years are forecast to be thoroughly covered by earnings (12.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ladi Balogun (49 yo)
Mr. Ladipupo O. Balogun, also known as Ladi, is Non-Executive Director at FCMB Bank (UK) Ltd. Mr. Balogun has been the Group Chief Executive of FCMB Group Plc since March 14, 2017 and served its Managing D...
Experienced Management: FCMB's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Experienced Board: FCMB's board of directors are considered experienced (3.7 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.
FCMB Group Plc's employee growth, exchange listings and data sources
- Name: FCMB Group Plc
- Ticker: FCMB
- Exchange: NGSE
- Founded: 1977
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦62.379b
- Shares outstanding: 19.80b
- Website: https://fcmbgroup.com
Number of Employees
- FCMB Group Plc
- First City Plaza
- 44, Marina
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:36|
|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.