| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
ZENITHBANK Overview
Zenith Bank Plc, through its subsidiaries, provides banking and other financial products and services in Nigeria, rest of Africa, and internationally.
Zenith Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦24.90 |
| 52 Week High | ₦19.50 |
| 52 Week Low | ₦28.50 |
| Beta | 0.96 |
| 1 Month Change | 5.96% |
| 3 Month Change | 0.40% |
| 1 Year Change | 17.73% |
| 3 Year Change | 1.84% |
| 5 Year Change | 69.39% |
| Change since IPO | 263.16% |
Recent News & Updates
Shareholder Returns
| ZENITHBANK | NG Banks | NG Market | |
|---|---|---|---|
| 7D | 0.2% | -0.7% | 0.7% |
| 1Y | 17.7% | 21.5% | 40.9% |
Return vs Industry: ZENITHBANK underperformed the NG Banks industry which returned 21.5% over the past year.
Return vs Market: ZENITHBANK underperformed the NG Market which returned 40.9% over the past year.
Price Volatility
| ZENITHBANK volatility | |
|---|---|
| ZENITHBANK Beta | 0.96 |
| Industry Beta | 0.87 |
| Market Beta | 1 |
Stable Share Price: ZENITHBANK is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: ZENITHBANK's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 7,847 | Ebenezer Onyeagwu | https://www.zenithbank.com |
Zenith Bank Plc, through its subsidiaries, provides banking and other financial products and services in Nigeria, rest of Africa, and internationally. Its products and services include corporate, investment, commercial, consumer, personal, and private banking products and services; and trade and foreign exchange, treasury, cash management, and other non-bank financial services. The company accepts current, savings, salary, and domiciliary accounts; fixed and call deposits, certificate of deposits, and short term investment funds; sole proprietorship/enterprise and partnership accounts, and trust funds; clubs, societies, and associations accounts; and limited liability company, non-governmental organization, embassies and high commission, and church accounts.
Zenith Bank Fundamentals Summary
| ZENITHBANK fundamental statistics | |
|---|---|
| Market Cap | ₦784.91b |
| Earnings (TTM) | ₦232.67b |
| Revenue (TTM) | ₦528.83b |
3.4x
P/E Ratio0.7x
P/B RatioIs ZENITHBANK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ZENITHBANK income statement (TTM) | |
|---|---|
| Revenue | ₦528.83b |
| Cost of Revenue | ₦0 |
| Gross Profit | ₦528.83b |
| Expenses | ₦296.17b |
| Earnings | ₦232.67b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.41 |
| Gross Margin | 100.00% |
| Net Profit Margin | 44.00% |
| Debt/Equity Ratio | 96.9% |
How did ZENITHBANK perform over the long term?
See historical performance and comparisonDividends
12.0%
Current Dividend Yield40%
Payout RatioValuation
Is Zenith Bank undervalued compared to its fair value and its price relative to the market?
3.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ZENITHBANK (NGN24.9) is trading below our estimate of fair value (NGN25.72)
Significantly Below Fair Value: ZENITHBANK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ZENITHBANK is good value based on its PE Ratio (3.4x) compared to the NG Banks industry average (3.8x).
PE vs Market: ZENITHBANK is good value based on its PE Ratio (3.4x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: ZENITHBANK is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: ZENITHBANK is overvalued based on its PB Ratio (0.7x) compared to the NG Banks industry average (0.5x).
Future Growth
How is Zenith Bank forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZENITHBANK's forecast earnings growth (12.1% per year) is below the savings rate (13.2%).
Earnings vs Market: ZENITHBANK's earnings (12.1% per year) are forecast to grow slower than the NG market (15.4% per year).
High Growth Earnings: ZENITHBANK's earnings are forecast to grow, but not significantly.
Revenue vs Market: ZENITHBANK's revenue (10.2% per year) is forecast to grow slower than the NG market (10.4% per year).
High Growth Revenue: ZENITHBANK's revenue (10.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZENITHBANK's Return on Equity is forecast to be low in 3 years time (19.4%).
Past Performance
How has Zenith Bank performed over the past 5 years?
12.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZENITHBANK has a high level of non-cash earnings.
Growing Profit Margin: ZENITHBANK's current net profit margins (44%) are lower than last year (46%).
Past Earnings Growth Analysis
Earnings Trend: ZENITHBANK's earnings have grown by 12.8% per year over the past 5 years.
Accelerating Growth: ZENITHBANK's earnings growth over the past year (4%) is below its 5-year average (12.8% per year).
Earnings vs Industry: ZENITHBANK earnings growth over the past year (4%) underperformed the Banks industry 10.5%.
Return on Equity
High ROE: ZENITHBANK's Return on Equity (20.4%) is considered high.
Financial Health
How is Zenith 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: ZENITHBANK's Assets to Equity ratio (7.4x) is low.
Allowance for Bad Loans: ZENITHBANK has a low allowance for bad loans (68%).
Low Risk Liabilities: 78% of ZENITHBANK's liabilities are made up of primarily low risk sources of funding.
Loan Level: ZENITHBANK has an appropriate level of Loans to Assets ratio (34%).
Low Risk Deposits: ZENITHBANK's Loans to Deposits ratio (50%) is appropriate.
Level of Bad Loans: ZENITHBANK has a high level of bad loans (7.6%).
Dividend
What is Zenith Bank current dividend yield, its reliability and sustainability?
12.05%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ZENITHBANK's dividend (12.05%) is higher than the bottom 25% of dividend payers in the NG market (3.33%).
High Dividend: ZENITHBANK's dividend (12.05%) is in the top 25% of dividend payers in the NG market (7.34%)
Stability and Growth of Payments
Stable Dividend: ZENITHBANK's dividend payments have been volatile in the past 10 years.
Growing Dividend: ZENITHBANK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.5%), ZENITHBANK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ZENITHBANK's dividends in 3 years are forecast to be well covered by earnings (40.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Ebenezer Onyeagwu (59 yo)
2.33yrs
Tenure
Mr. Ebenezer N. Onyeagwu has been an Executive Director of Zenith Bank Plc since April 24, 2013 and has been its Group Managing Director and Chief Executive Officer since June 1, 2019. Mr. Onyeagwu served...
Leadership Team
Experienced Management: ZENITHBANK's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: ZENITHBANK's board of directors are considered experienced (5 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
Zenith Bank Plc's employee growth, exchange listings and data sources
Key Information
- Name: Zenith Bank Plc
- Ticker: ZENITHBANK
- Exchange: NGSE
- Founded: 1990
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₦784.912b
- Shares outstanding: 31.40b
- Website: https://www.zenithbank.com
Number of Employees
Location
- Zenith Bank Plc
- Zenith Heights
- Plot 84/87
- Lagos
- Nigeria
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 16:46 |
| End of Day Share Price | 2021/10/25 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.