| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
JAIZBANK Overview
Jaiz Bank Plc provides non-interest banking services in Nigeria.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦0.62 |
| 52 Week High | ₦0.52 |
| 52 Week Low | ₦0.88 |
| Beta | 0.69 |
| 1 Month Change | 8.77% |
| 3 Month Change | 6.90% |
| 1 Year Change | 6.90% |
| 3 Year Change | 12.73% |
| 5 Year Change | n/a |
| Change since IPO | -50.40% |
Recent News & Updates
Shareholder Returns
| JAIZBANK | NG Banks | NG Market | |
|---|---|---|---|
| 7D | 6.9% | 1.5% | 1.4% |
| 1Y | 6.9% | 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
| JAIZBANK volatility | |
|---|---|
| JAIZBANK Beta | 0.69 |
| Industry Beta | 0.87 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | 609 | Mallam Usman | https://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
| JAIZBANK fundamental statistics | |
|---|---|
| Market Cap | ₦21.42b |
| Earnings (TTM) | ₦3.73b |
| Revenue (TTM) | ₦15.42b |
5.7x
P/E Ratio1.3x
P/B RatioIs JAIZBANK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 98.24% |
| Net Profit Margin | 24.19% |
| Debt/Equity Ratio | 100.1% |
How did JAIZBANK perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield24%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 21:03 |
| End of Day Share Price | 2021/10/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.