Wema Bank PLC

NGSE:WEMABANK Stock Report

Market Cap: ₦193.9b

Wema Bank Past Earnings Performance

Past criteria checks 6/6

Wema Bank has been growing earnings at an average annual rate of 56.1%, while the Banks industry saw earnings growing at 46.3% annually. Revenues have been growing at an average rate of 32.4% per year. Wema Bank's return on equity is 30.9%, and it has net margins of 34.9%.

Key information

56.1%

Earnings growth rate

50.4%

EPS growth rate

Banks Industry Growth30.4%
Revenue growth rate32.4%
Return on equity30.9%
Net Margin34.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Wema Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:WEMABANK Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24199,18569,48355,2990
30 Jun 24169,61052,09253,5550
31 Mar 24139,21540,27942,6410
31 Dec 23122,42935,98937,1910
30 Sep 2399,34822,41334,2550
30 Jun 2386,50616,56832,3250
31 Mar 2379,14013,87730,6520
31 Dec 2274,48411,35229,1550
30 Sep 2269,16810,87126,0320
30 Jun 2263,95910,48723,5070
31 Mar 2260,39210,47822,3280
31 Dec 2156,6078,92721,3350
30 Sep 2151,5028,16820,3830
30 Jun 2147,7486,79820,1610
31 Mar 2143,5694,90518,6540
31 Dec 2041,9824,57718,8710
30 Sep 2042,3553,75619,9670
30 Jun 2044,3704,44619,8890
31 Mar 2045,0715,03320,2420
31 Dec 1944,0575,20019,4540
30 Sep 1943,2674,77117,2460
30 Jun 1940,9784,00516,6110
31 Mar 1938,8113,70615,3590
31 Dec 1837,3583,32614,9590
30 Sep 1835,1063,37014,5270
30 Jun 1831,7212,60713,8050
31 Mar 1830,5272,29813,9830
31 Dec 1729,7362,25513,5410
30 Sep 1729,4722,82013,0830
30 Jun 1728,6902,67612,7280
31 Mar 1729,1082,85313,2830
31 Dec 1627,9822,56113,0890
30 Sep 1626,0082,24412,9560
30 Jun 1626,7902,37912,9400
31 Mar 1626,1302,18012,6530
31 Dec 1526,3552,27313,0220
30 Sep 1524,9981,54113,9450
30 Jun 1524,8271,92313,9420
31 Mar 1525,0392,39313,2530
31 Dec 1425,0942,37212,6870
30 Jun 1423,4612,67211,8680
31 Mar 1422,8762,95211,6780
31 Dec 1320,9571,59710,9050

Quality Earnings: WEMABANK has high quality earnings.

Growing Profit Margin: WEMABANK's current net profit margins (34.9%) are higher than last year (22.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WEMABANK's earnings have grown significantly by 56.1% per year over the past 5 years.

Accelerating Growth: WEMABANK's earnings growth over the past year (210%) exceeds its 5-year average (56.1% per year).

Earnings vs Industry: WEMABANK earnings growth over the past year (210%) exceeded the Banks industry 120.2%.

Return on Equity

High ROE: WEMABANK's Return on Equity (30.9%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 04:18
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wema Bank PLC is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullFSDH Merchant Bank Limited
Rahul ShahTellimer Research