Guaranty Trust Holding Company Plc operates as a financial holding company for Guaranty Trust Bank Plc that provides commercial banking services in Nigeria, rest of West Africa, East Africa, and Europe.
Guaranty Trust Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₦29.60|
|52 Week High||₦26.95|
|52 Week Low||₦38.45|
|1 Month Change||8.43%|
|3 Month Change||0.34%|
|1 Year Change||-1.33%|
|3 Year Change||-18.90%|
|5 Year Change||23.33%|
|Change since IPO||11,375.49%|
Recent News & Updates
|GTCO||NG Banks||NG Market|
Return vs Industry: GTCO underperformed the NG Banks industry which returned 21% over the past year.
Return vs Market: GTCO underperformed the NG Market which returned 38.8% over the past year.
Stable Share Price: GTCO is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: GTCO's weekly volatility (2%) has been stable over the past year.
About the Company
Guaranty Trust Holding Company Plc operates as a financial holding company for Guaranty Trust Bank Plc that provides commercial banking services in Nigeria, rest of West Africa, East Africa, and Europe. The company offers current accounts, deposits, overdrafts, loans and other credit facilities, foreign currency and derivative products, private banking services, investment savings products, custody, credit and debit cards, consumer loans, and mortgages products. It also provides international trade services; foreign currency and derivative products; and portfolio management, tenured deposits, FX forward contracts, financial advisory, loan syndication, cheque writing, corporate account management, customer synergy, foreign currency draft issue, cash-in-transit, security token, and fast-track banking services , as well as e-banking, IMT, and other services.
Guaranty Trust Holding Fundamentals Summary
|GTCO fundamental statistics|
Is GTCO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GTCO income statement (TTM)|
|Cost of Revenue||₦5.15b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||8.42|
|Net Profit Margin||49.18%|
How did GTCO perform over the long term?See historical performance and comparison
10.1%Current Dividend Yield
Is Guaranty Trust Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GTCO (NGN29.6) is trading below our estimate of fair value (NGN34.05)
Significantly Below Fair Value: GTCO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GTCO is good value based on its PE Ratio (3.5x) compared to the NG Banks industry average (3.9x).
PE vs Market: GTCO is good value based on its PE Ratio (3.5x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: GTCO is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: GTCO is overvalued based on its PB Ratio (0.8x) compared to the NG Banks industry average (0.5x).
How is Guaranty Trust Holding forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GTCO's forecast earnings growth (14.8% per year) is above the savings rate (13.2%).
Earnings vs Market: GTCO's earnings (14.8% per year) are forecast to grow slower than the NG market (15.2% per year).
High Growth Earnings: GTCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: GTCO's revenue (14.3% per year) is forecast to grow faster than the NG market (10.4% per year).
High Growth Revenue: GTCO's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GTCO's Return on Equity is forecast to be high in 3 years time (23.3%)
How has Guaranty Trust Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GTCO has a high level of non-cash earnings.
Growing Profit Margin: GTCO's current net profit margins (49.2%) are lower than last year (51.5%).
Past Earnings Growth Analysis
Earnings Trend: GTCO's earnings have grown by 8.3% per year over the past 5 years.
Accelerating Growth: GTCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GTCO had negative earnings growth (-3.2%) over the past year, making it difficult to compare to the Banks industry average (10.5%).
Return on Equity
High ROE: GTCO's Return on Equity (23.4%) is considered high.
How is Guaranty Trust Holding'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: GTCO's Assets to Equity ratio (6.3x) is low.
Allowance for Bad Loans: GTCO has a low allowance for bad loans (80%).
Low Risk Liabilities: 89% of GTCO's liabilities are made up of primarily low risk sources of funding.
Loan Level: GTCO has an appropriate level of Loans to Assets ratio (33%).
Low Risk Deposits: GTCO's Loans to Deposits ratio (43%) is appropriate.
Level of Bad Loans: GTCO has a high level of bad loans (6%).
What is Guaranty Trust Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GTCO's dividend (10.14%) is higher than the bottom 25% of dividend payers in the NG market (3.25%).
High Dividend: GTCO's dividend (10.14%) is in the top 25% of dividend payers in the NG market (7.24%)
Stability and Growth of Payments
Stable Dividend: GTCO's dividend payments have been volatile in the past 10 years.
Growing Dividend: GTCO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.7%), GTCO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GTCO's dividends in 3 years are forecast to be well covered by earnings (41.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Segun Agbaje (57 yo)
Mr. Olusegun Julius Kosebinu, also known as Segun, has been the Chief Executive Officer and Managing Director of Guaranty Trust Holding Company plc (Formally known as Guaranty Trust Bank Plc) since July 12...
Experienced Management: GTCO's management team is considered experienced (4.8 years average tenure).
Experienced Board: GTCO's board of directors are not considered experienced ( 0.3 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.
Guaranty Trust Holding Company Plc's employee growth, exchange listings and data sources
- Name: Guaranty Trust Holding Company Plc
- Ticker: GTCO
- Exchange: NGSE
- Founded: 1990
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦648.057b
- Shares outstanding: 21.89b
- Website: https://www.gtbank.com
Number of Employees
- Guaranty Trust Holding Company Plc
- Plot 635
- Akin Adesola Street
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.