Zenith Bank Plc

NGSE:ZENITHBANK Stock Report

Market Cap: ₦1.4t

Zenith Bank Past Earnings Performance

Past criteria checks 6/6

Zenith Bank has been growing earnings at an average annual rate of 36.5%, while the Banks industry saw earnings growing at 46.3% annually. Revenues have been growing at an average rate of 31.8% per year. Zenith Bank's return on equity is 30.5%, and it has net margins of 50.8%.

Key information

36.5%

Earnings growth rate

36.5%

EPS growth rate

Banks Industry Growth30.4%
Revenue growth rate31.8%
Return on equity30.5%
Net Margin50.8%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

NGSE:ZENITHBANK Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 242,105,1891,069,460282,0400
30 Jun 241,888,145962,824267,7690
31 Mar 241,594,893868,747210,1000
31 Dec 231,258,659676,569185,1070
30 Sep 23978,943483,764159,6040
30 Jun 23885,366404,326150,1230
31 Mar 23659,143231,872133,1650
31 Dec 22624,342224,050130,6520
30 Sep 22628,973258,168123,2620
30 Jun 22611,603249,706122,3830
31 Mar 22590,403249,503123,2050
31 Dec 21569,907244,402117,9730
30 Sep 21537,051231,687117,9560
30 Jun 21528,830232,665115,6500
31 Mar 21518,218232,915116,0250
31 Dec 20511,893230,374117,1440
30 Sep 20495,554217,242119,9190
30 Jun 20486,581223,622116,6280
31 Mar 20482,611209,041115,9960
31 Dec 19475,119208,693114,3620
30 Sep 19467,396200,001108,4910
30 Jun 19462,859200,395108,6250
31 Mar 19458,180196,275111,8000
31 Dec 18457,185193,147105,8260
30 Sep 18441,727188,169109,1240
30 Jun 18440,819179,836102,9640
31 Mar 18446,070183,03294,5460
31 Dec 17422,730173,47297,5330
30 Sep 17392,548163,24777,3250
30 Jun 17399,821169,23681,3330
31 Mar 17352,745149,71178,2510
31 Dec 16331,269129,43479,7340
30 Sep 16324,133117,74690,0250
30 Jun 16281,18687,82386,2320
31 Mar 16291,90195,08389,6780
31 Dec 15293,493105,53184,6250
30 Sep 15316,211111,37490,8690
30 Jun 15308,970105,02991,2700
31 Mar 15289,494103,28390,2240
31 Dec 14283,49899,27589,5370
30 Sep 14266,99495,04689,3630
30 Jun 14263,91794,72483,7590
31 Mar 14257,99991,98977,4590
31 Dec 13253,40590,84676,6120

Quality Earnings: ZENITHBANK has high quality earnings.

Growing Profit Margin: ZENITHBANK's current net profit margins (50.8%) are higher than last year (49.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ZENITHBANK's earnings have grown significantly by 36.5% per year over the past 5 years.

Accelerating Growth: ZENITHBANK's earnings growth over the past year (121.1%) exceeds its 5-year average (36.5% per year).

Earnings vs Industry: ZENITHBANK earnings growth over the past year (121.1%) exceeded the Banks industry 120.2%.

Return on Equity

High ROE: ZENITHBANK's Return on Equity (30.5%) 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 Analysis2024/12/22 01:00
End of Day Share Price 2024/12/20 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

Zenith Bank Plc is covered by 24 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy WambuAbsa Bank Limited
null nullARM Research
Jaap MeijerArqaam Capital Research Offshore S.A.L.