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Wema Bank NGSE:WEMABANK Stock Report

Last Price

₦6.70

Market Cap

₦86.1b

7D

-2.2%

1Y

67.5%

Updated

27 May, 2024

Data

Company Financials

WEMABANK Stock Overview

Provides banking and other financial services to corporate and individual customers in Nigeria.

WEMABANK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends3/6

Wema Bank PLC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wema Bank
Historical stock prices
Current Share Price₦6.70
52 Week High₦12.50
52 Week Low₦3.96
Beta-0.090
1 Month Change7.20%
3 Month Change-14.10%
1 Year Change67.50%
3 Year Change291.81%
5 Year Change260.22%
Change since IPO20.07%

Recent News & Updates

Recent updates

Shareholder Returns

WEMABANKNG BanksNG Market
7D-2.2%-7.5%-1.1%
1Y67.5%46.4%112.7%

Return vs Industry: WEMABANK exceeded the NG Banks industry which returned 46.4% over the past year.

Return vs Market: WEMABANK underperformed the NG Market which returned 112.7% over the past year.

Price Volatility

Is WEMABANK's price volatile compared to industry and market?
WEMABANK volatility
WEMABANK Average Weekly Movement8.9%
Banks Industry Average Movement9.1%
Market Average Movement7.6%
10% most volatile stocks in NG Market10.9%
10% least volatile stocks in NG Market3.3%

Stable Share Price: WEMABANK's share price has been volatile over the past 3 months.

Volatility Over Time: WEMABANK's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19451,726Moruf Oseniwww.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

How do Wema Bank's earnings and revenue compare to its market cap?
WEMABANK fundamental statistics
Market cap₦86.15b
Earnings (TTM)₦40.28b
Revenue (TTM)₦139.21b

2.1x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
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)3.13
Gross Margin97.28%
Net Profit Margin28.93%
Debt/Equity Ratio67.3%

How did WEMABANK perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

16%

Payout Ratio
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