WEMABANK Stock Overview
Provides banking and other financial services to corporate and individual customers in Nigeria.
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
Wema Bank PLC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦6.25 |
| 52 Week High | ₦12.50 |
| 52 Week Low | ₦4.20 |
| Beta | -0.17 |
| 11 Month Change | -12.59% |
| 3 Month Change | 0% |
| 1 Year Change | 38.89% |
| 33 Year Change | 154.07% |
| 5 Year Change | 247.22% |
| Change since IPO | 12.01% |
Recent News & Updates
Recent updates
Shareholder Returns
| WEMABANK | NG Banks | NG Market | |
|---|---|---|---|
| 7D | -0.8% | -3.7% | -0.6% |
| 1Y | 38.9% | 15.7% | 70.7% |
Return vs Industry: WEMABANK exceeded the NG Banks industry which returned 15.7% over the past year.
Return vs Market: WEMABANK underperformed the NG Market which returned 70.7% over the past year.
Price Volatility
| WEMABANK volatility | |
|---|---|
| WEMABANK Average Weekly Movement | 7.0% |
| Banks Industry Average Movement | 6.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in NG Market | 9.7% |
| 10% least volatile stocks in NG Market | 2.8% |
Stable Share Price: WEMABANK's share price has been volatile over the past 3 months.
Volatility Over Time: WEMABANK's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1945 | 1,726 | Moruf Oseni | www.wemabank.com |
Wema Bank PLC provides banking and other financial services to corporate and individual customers in Nigeria. The company offers current and saving accounts, HNIs, fixed deposits; card services, such as debit, credit, prepaid cards, and foreign denominated cards; consumer loans, including salary-based loan, car loans, as well as school fees advance, asset acquisition scheme, and personal loan; and E-banking services. It also provides corporate banking services comprising overdraft, lease finance, term loans, agric finance, import finance, exchange rate, and global trade and correspondent banking services.
Wema Bank PLC Fundamentals Summary
| WEMABANK fundamental statistics | |
|---|---|
| Market cap | ₦133.94b |
| Earnings (TTM) | ₦40.28b |
| Revenue (TTM) | ₦139.21b |
3.3x
P/E Ratio0.9x
P/B RatioIs WEMABANK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WEMABANK income statement (TTM) | |
|---|---|
| Revenue | ₦139.21b |
| Cost of Revenue | ₦3.78b |
| Gross Profit | ₦135.43b |
| Other Expenses | ₦95.15b |
| Earnings | ₦40.28b |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.88 |
| Gross Margin | 97.28% |
| Net Profit Margin | 28.93% |
| Debt/Equity Ratio | 67.3% |
How did WEMABANK perform over the long term?
See historical performance and comparison