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JAIZ

Jaiz BankNGSE:JAIZBANK Stock Report

Market Cap

₦21.4b

7D

6.9%

1Y

6.9%

Updated

21 Oct, 2021

Data

Company Financials
JAIZBANK fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends2/6

JAIZBANK Overview

Jaiz Bank Plc provides non-interest banking services in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Jaiz Bank
Historical stock prices
Current Share Price₦0.62
52 Week High₦0.52
52 Week Low₦0.88
Beta0.69
1 Month Change8.77%
3 Month Change6.90%
1 Year Change6.90%
3 Year Change12.73%
5 Year Changen/a
Change since IPO-50.40%

Recent News & Updates

Shareholder Returns

JAIZBANKNG BanksNG Market
7D6.9%1.5%1.4%
1Y6.9%23.4%41.3%

Return vs Industry: JAIZBANK underperformed the NG Banks industry which returned 23.6% over the past year.

Return vs Market: JAIZBANK underperformed the NG Market which returned 40.4% over the past year.

Price Volatility

Is JAIZBANK's price volatile compared to industry and market?
JAIZBANK volatility
JAIZBANK Beta0.69
Industry Beta0.87
Market Beta1

Stable Share Price: JAIZBANK is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: JAIZBANK's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003609Mallam Usmanhttps://jaizbankplc.com

Jaiz Bank Plc provides non-interest banking services in Nigeria. The company operates through Corporate Banking and Retail Banking segments. It offers savings, current, domiciliary, and investment accounts.

Jaiz Bank Fundamentals Summary

How do Jaiz Bank's earnings and revenue compare to its market cap?
JAIZBANK fundamental statistics
Market Cap₦21.42b
Earnings (TTM)₦3.73b
Revenue (TTM)₦15.42b

5.7x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JAIZBANK income statement (TTM)
Revenue₦15.42b
Cost of Revenue₦271.93m
Gross Profit₦15.15b
Expenses₦11.42b
Earnings₦3.73b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin98.24%
Net Profit Margin24.19%
Debt/Equity Ratio100.1%

How did JAIZBANK perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Jaiz Bank undervalued compared to its fair value and its price relative to the market?

5.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JAIZBANK (NGN0.62) is trading above our estimate of fair value (NGN0.15)

Significantly Below Fair Value: JAIZBANK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JAIZBANK is poor value based on its PE Ratio (5.7x) compared to the NG Banks industry average (3.8x).

PE vs Market: JAIZBANK is good value based on its PE Ratio (5.7x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JAIZBANK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JAIZBANK is overvalued based on its PB Ratio (1.3x) compared to the NG Banks industry average (0.5x).


Future Growth

How is Jaiz Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.0%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jaiz Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Jaiz Bank performed over the past 5 years?

51.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JAIZBANK has a high level of non-cash earnings.

Growing Profit Margin: JAIZBANK's current net profit margins (24.2%) are higher than last year (23.6%).


Past Earnings Growth Analysis

Earnings Trend: JAIZBANK's earnings have grown significantly by 51.2% per year over the past 5 years.

Accelerating Growth: JAIZBANK's earnings growth over the past year (31.3%) is below its 5-year average (51.2% per year).

Earnings vs Industry: JAIZBANK earnings growth over the past year (31.3%) exceeded the Banks industry 10.5%.


Return on Equity

High ROE: Whilst JAIZBANK's Return on Equity (21.91%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Jaiz Bank'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: JAIZBANK's Assets to Equity ratio (14.4x) is moderate.

Allowance for Bad Loans: JAIZBANK has a low allowance for bad loans (45%).

Low Risk Liabilities: 59% of JAIZBANK's liabilities are made up of primarily higher risk sources of funding.

Loan Level: JAIZBANK has an appropriate level of Loans to Assets ratio (36%).

Low Risk Deposits: JAIZBANK's Loans to Deposits ratio (96%) is appropriate.

Level of Bad Loans: JAIZBANK has a high level of bad loans (11.5%).


Dividend

What is Jaiz Bank current dividend yield, its reliability and sustainability?

4.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JAIZBANK's dividend (4.84%) is higher than the bottom 25% of dividend payers in the NG market (3.28%).

High Dividend: JAIZBANK's dividend (4.84%) is low compared to the top 25% of dividend payers in the NG market (7.27%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JAIZBANK has been paying a dividend for less than 10 years.

Growing Dividend: JAIZBANK has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.7%), JAIZBANK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Mallam Usman

5.33yrs

Tenure

Mr. Mallam Hassan Usman, FCA, has been Managing Director of Jaiz Bank PLC since May 2016 and its Chief Executive Officer since June 1, 2016 and serves as its Director. Mr. Usman serves as Executive Directo...


Leadership Team

Experienced Management: JAIZBANK's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


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 been diluted in the past year, with total shares outstanding growing by 17.2%.


Top Shareholders

Company Information

Jaiz Bank Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Jaiz Bank Plc
  • Ticker: JAIZBANK
  • Exchange: NGSE
  • Founded: 2003
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: ₦21.416b
  • Shares outstanding: 34.54b
  • Website: https://jaizbankplc.com

Number of Employees


Location

  • Jaiz Bank Plc
  • Kano House
  • Ground Floor
  • Abuja
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:03
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.