FCMB Group Plc

NGSE:FCMB Stock Report

Market Cap: ₦178.2b

FCMB Group Past Earnings Performance

Past criteria checks 4/6

FCMB Group has been growing earnings at an average annual rate of 46.6%, while the Banks industry saw earnings growing at 46.3% annually. Revenues have been growing at an average rate of 27.3% per year. FCMB Group's return on equity is 21.4%, and it has net margins of 35.8%.

Key information

46.6%

Earnings growth rate

46.6%

EPS growth rate

Banks Industry Growth30.4%
Revenue growth rate27.3%
Return on equity21.4%
Net Margin35.8%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How FCMB Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:FCMB Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24352,298125,968168,4560
30 Jun 24318,150116,741149,8350
31 Mar 24292,941112,131135,1050
31 Dec 23257,97492,629123,4090
30 Sep 23203,87057,212107,2810
30 Jun 23186,69852,62298,7830
31 Mar 23162,73035,02594,8850
31 Dec 22150,40430,90189,1210
30 Sep 22143,33429,60786,3380
30 Jun 22138,07926,73181,4000
31 Mar 22127,79422,25276,4100
31 Dec 21122,36720,70973,9550
30 Sep 21117,80719,26769,7850
30 Jun 21109,03017,43968,0300
31 Mar 21106,89218,26766,5430
31 Dec 20107,32619,42066,6860
30 Sep 20102,92420,37966,9540
30 Jun 20103,65319,66168,3530
31 Mar 20101,02218,73768,3830
31 Dec 1997,03117,26066,5790
30 Sep 19101,85614,35265,3800
30 Jun 19101,69416,33763,0840
31 Mar 19100,74815,56361,4110
31 Dec 1897,66714,88659,7050
30 Sep 1895,63614,40857,7820
30 Jun 1889,02411,24155,0920
31 Mar 1882,7729,57453,3790
31 Dec 1779,9758,60453,2770
30 Sep 1774,3336,82752,3470
30 Jun 1768,2591,69053,0220
31 Mar 1781,29714,27553,4210
31 Dec 1681,85814,33953,6000
30 Sep 1676,0907,80052,4550
30 Jun 1681,15712,12952,7200
31 Mar 1671,8071,12853,6430
31 Dec 1575,3534,76153,7550
30 Sep 1587,27917,85154,9160
30 Jun 1590,26420,90455,8760
31 Mar 1591,38222,58455,1660
31 Dec 1490,17922,13353,9330
30 Sep 1483,41917,44150,5200
30 Jun 1480,26016,25149,3860
31 Mar 1478,49216,62848,7690
31 Dec 1376,26716,00146,3130

Quality Earnings: FCMB has high quality earnings.

Growing Profit Margin: FCMB's current net profit margins (35.8%) are higher than last year (28.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FCMB's earnings have grown significantly by 46.6% per year over the past 5 years.

Accelerating Growth: FCMB's earnings growth over the past year (120.2%) exceeds its 5-year average (46.6% per year).

Earnings vs Industry: FCMB earnings growth over the past year (120.2%) did not outperform the Banks industry 120.2%.

Return on Equity

High ROE: Whilst FCMB's Return on Equity (21.44%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:05
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FCMB Group Plc is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derrick MensahAfrican Alliance
null nullARM Research
Jaap MeijerArqaam Capital Research Offshore S.A.L.