Fidelity Bank Plc provides various banking and financial products and services to corporate and individual customers in Nigeria.
Fidelity Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₦2.74|
|52 Week High||₦1.93|
|52 Week Low||₦3.10|
|1 Month Change||12.76%|
|3 Month Change||14.17%|
|1 Year Change||34.31%|
|3 Year Change||40.51%|
|5 Year Change||234.15%|
|Change since IPO||-15.17%|
Recent News & Updates
|FIDELITYBK||NG Banks||NG Market|
Return vs Industry: FIDELITYBK exceeded the NG Banks industry which returned 20.1% over the past year.
Return vs Market: FIDELITYBK underperformed the NG Market which returned 38.9% over the past year.
Stable Share Price: FIDELITYBK is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FIDELITYBK's weekly volatility (4%) has been stable over the past year.
About the Company
Fidelity Bank Plc provides various banking and financial products and services to corporate and individual customers in Nigeria. The company offers current, savings, fixed deposit, domiciliary, money market, and small business accounts; asset leasing, personal loan, and instant salary advance schemes; bills settlements, cash management, and asset management; mortgages, asset finance, margin trading facilities, bank guarantees, standby letters of credit, and cash backed facilities; treasury and foreign exchange, and safekeeping services; and advisory, investment management, estate planning, money transfer, and other investment services. Its corporate banking products and services comprise loans and advances, trade finance, working capital finance, project finance, asset finance, syndicate finance, term loans, lease, guarantees and bonds issuance, franchise financing, letters of credit, money market and treasury services, distributors and suppliers finance schemes, corporate finance and advisory services, and transaction banking and cash management services.
Fidelity Bank Fundamentals Summary
|FIDELITYBK fundamental statistics|
Is FIDELITYBK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FIDELITYBK income statement (TTM)|
|Cost of Revenue||₦3.03b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.20|
|Net Profit Margin||29.94%|
How did FIDELITYBK perform over the long term?See historical performance and comparison
8.0%Current Dividend Yield
Is Fidelity Bank 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 FIDELITYBK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FIDELITYBK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FIDELITYBK is good value based on its PE Ratio (2.3x) compared to the NG Banks industry average (3.9x).
PE vs Market: FIDELITYBK is good value based on its PE Ratio (2.3x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: FIDELITYBK is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: FIDELITYBK is good value based on its PB Ratio (0.3x) compared to the NG Banks industry average (0.5x).
How is Fidelity Bank forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIDELITYBK's forecast earnings growth (10.3% per year) is below the savings rate (13.2%).
Earnings vs Market: FIDELITYBK's earnings (10.3% per year) are forecast to grow slower than the NG market (15.2% per year).
High Growth Earnings: FIDELITYBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: FIDELITYBK's revenue (18.3% per year) is forecast to grow faster than the NG market (10.4% per year).
High Growth Revenue: FIDELITYBK's revenue (18.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FIDELITYBK's Return on Equity is forecast to be low in 3 years time (10.9%).
How has Fidelity Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIDELITYBK has a high level of non-cash earnings.
Growing Profit Margin: FIDELITYBK's current net profit margins (29.9%) are higher than last year (26.4%).
Past Earnings Growth Analysis
Earnings Trend: FIDELITYBK's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: FIDELITYBK's earnings growth over the past year (11%) is below its 5-year average (22% per year).
Earnings vs Industry: FIDELITYBK earnings growth over the past year (11%) exceeded the Banks industry 10.5%.
Return on Equity
High ROE: FIDELITYBK's Return on Equity (12.7%) is considered low.
How is Fidelity Bank'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: FIDELITYBK's Assets to Equity ratio (11.4x) is moderate.
Allowance for Bad Loans: FIDELITYBK has a sufficient allowance for bad loans (161%).
Low Risk Liabilities: 70% of FIDELITYBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: FIDELITYBK has an appropriate level of Loans to Assets ratio (49%).
Low Risk Deposits: FIDELITYBK's Loans to Deposits ratio (78%) is appropriate.
Level of Bad Loans: FIDELITYBK has a high level of bad loans (2.7%).
What is Fidelity Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FIDELITYBK's dividend (8.03%) is higher than the bottom 25% of dividend payers in the NG market (3.25%).
High Dividend: FIDELITYBK's dividend (8.03%) is in the top 25% of dividend payers in the NG market (7.24%)
Stability and Growth of Payments
Stable Dividend: FIDELITYBK's dividend payments have been volatile in the past 10 years.
Growing Dividend: FIDELITYBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.4%), FIDELITYBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FIDELITYBK's dividends in 3 years are forecast to be well covered by earnings (21.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mrs. Nneka Chinwe Onyeali-Ikpe serves as Managing Director and Chief Executive Officer at Fidelity Bank Plc since January 1, 2020. She served as an Executive Director of Commercial & Consumer Banking - Lag...
Experienced Management: FIDELITYBK's management team is considered experienced (4.9 years average tenure).
Experienced Board: FIDELITYBK's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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.
Fidelity Bank Plc's employee growth, exchange listings and data sources
- Name: Fidelity Bank Plc
- Ticker: FIDELITYBK
- Exchange: NGSE
- Founded: 1987
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦79.357b
- Shares outstanding: 28.96b
- Website: https://www.fidelitybank.ng
Number of Employees
- Fidelity Bank Plc
- Fidelity Place
- 1, Kofo Abayomi Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:21|
|End of Day Share Price||2021/10/18 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.