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NPFM

NPF Microfinance BankNGSE:NPFMCRFBK Stock Report

Market Cap

₦4.0b

7D

-2.8%

1Y

25.0%

Updated

21 Oct, 2021

Data

Company Financials
NPFMCRFBK fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends4/6

NPFMCRFBK Overview

NPF Microfinance Bank PLC, a microfinance bank, provides banking and other financial services to members of the police community, poor and low-income households, and micro enterprises in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for NPF Microfinance Bank
Historical stock prices
Current Share Price₦1.75
52 Week High₦1.34
52 Week Low₦2.11
Beta-0.0057
1 Month Change6.06%
3 Month Change2.94%
1 Year Change25.00%
3 Year Change20.69%
5 Year Change68.27%
Change since IPO16.67%

Recent News & Updates

Shareholder Returns

NPFMCRFBKNG BanksNG Market
7D-2.8%1.5%1.4%
1Y25.0%23.4%41.3%

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

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

Price Volatility

Is NPFMCRFBK's price volatile compared to industry and market?
NPFMCRFBK volatility
NPFMCRFBK Beta-0.0057
Industry Beta0.87
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1993348Akin Lawalhttps://www.npfmicrofinancebank.com

NPF Microfinance Bank PLC, a microfinance bank, provides banking and other financial services to members of the police community, poor and low-income households, and micro enterprises in Nigeria. The company’s deposit products include regular savings accounts, police focal accounts, police after service accounts, OTSA, we-we savings, and festival promo accounts, as well as individual/salary and corporate current accounts. Its loan portfolio comprises salary account, school facility, agricultural, transport business, corporate institution, LPO financing, consumer, sharp, micro, and asset acquisition loans.

NPF Microfinance Bank Fundamentals Summary

How do NPF Microfinance Bank's earnings and revenue compare to its market cap?
NPFMCRFBK fundamental statistics
Market Cap₦4.00b
Earnings (TTM)₦766.48m
Revenue (TTM)₦4.73b

5.2x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NPFMCRFBK income statement (TTM)
Revenue₦4.73b
Cost of Revenue₦102.96m
Gross Profit₦4.63b
Expenses₦3.87b
Earnings₦766.48m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin97.82%
Net Profit Margin16.19%
Debt/Equity Ratio64.5%

How did NPFMCRFBK perform over the long term?

See historical performance and comparison

Dividends

11.4%

Current Dividend Yield

60%

Payout Ratio

Valuation

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

5.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NPFMCRFBK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NPFMCRFBK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NPFMCRFBK is poor value based on its PE Ratio (5.2x) compared to the NG Banks industry average (3.8x).

PE vs Market: NPFMCRFBK is good value based on its PE Ratio (5.2x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NPFMCRFBK is overvalued based on its PB Ratio (0.7x) compared to the NG Banks industry average (0.5x).


Future Growth

How is NPF Microfinance 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 NPF Microfinance 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 NPF Microfinance Bank performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: NPFMCRFBK's current net profit margins (16.2%) are lower than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: NPFMCRFBK's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: NPFMCRFBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NPFMCRFBK had negative earnings growth (-3.5%) over the past year, making it difficult to compare to the Banks industry average (10.5%).


Return on Equity

High ROE: NPFMCRFBK's Return on Equity (13.7%) is considered low.


Financial Health

How is NPF Microfinance 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: NPFMCRFBK's Assets to Equity ratio (4.3x) is low.

Allowance for Bad Loans: NPFMCRFBK has a sufficient allowance for bad loans (100%).

Low Risk Liabilities: 51% of NPFMCRFBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: NPFMCRFBK has an appropriate level of Loans to Assets ratio (85%).

Low Risk Deposits: NPFMCRFBK's Loans to Deposits ratio (214%) is high.

Level of Bad Loans: NPFMCRFBK has a high level of bad loans (3.1%).


Dividend

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

11.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NPFMCRFBK's dividend (11.43%) is higher than the bottom 25% of dividend payers in the NG market (3.28%).

High Dividend: NPFMCRFBK's dividend (11.43%) is in the top 25% of dividend payers in the NG market (7.27%)


Stability and Growth of Payments

Stable Dividend: NPFMCRFBK's dividend payments have been volatile in the past 10 years.

Growing Dividend: NPFMCRFBK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.7%), NPFMCRFBK's dividend payments are 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?

3.0yrs

Average management tenure


CEO

Akin Lawal

7.33yrs

Tenure

Mr. Mohammed Akinwunmi M. Lawal, also known as Akin, serves as the Chief Executive Officer, Managing Director and Director at NPF Microfinance Bank Plc since June 26, 2014 and served as its Assistant Gener...


Leadership Team

Experienced Management: NPFMCRFBK's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: NPFMCRFBK's board of directors are considered experienced (3.3 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: NPF Microfinance Bank Plc
  • Ticker: NPFMCRFBK
  • Exchange: NGSE
  • Founded: 1993
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₦4.002b
  • Shares outstanding: 2.29b
  • Website: https://www.npfmicrofinancebank.com

Number of Employees


Location

  • NPF Microfinance Bank Plc
  • Aliyu Atah House
  • 1, Ikoyi Road
  • Lagos
  • 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.