| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
CRDB Overview
CRDB Bank Plc, together with its subsidiaries, provides corporate and retail banking services for individuals, small and medium enterprises (SME), corporates, and high net worth individuals in the United Republic of Tanzania and in the Republic of Burundi.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | TSh250.00 |
| 52 Week High | TSh165.00 |
| 52 Week Low | TSh300.00 |
| Beta | 0.31 |
| 1 Month Change | 0% |
| 3 Month Change | -7.41% |
| 1 Year Change | 51.52% |
| 3 Year Change | 66.67% |
| 5 Year Change | 0% |
| Change since IPO | 38.89% |
Recent News & Updates
Shareholder Returns
| CRDB | TZ Banks | TZ Market | |
|---|---|---|---|
| 7D | 0% | -2.7% | -0.9% |
| 1Y | 51.5% | 24.5% | 3.7% |
Return vs Industry: CRDB exceeded the TZ Banks industry which returned 25.9% over the past year.
Return vs Market: CRDB exceeded the TZ Market which returned 3.7% over the past year.
Price Volatility
| CRDB volatility | |
|---|---|
| CRDB Beta | 0.31 |
| Industry Beta | 0.68 |
| Market Beta | 1 |
Stable Share Price: CRDB is less volatile than 75% of TZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CRDB's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 3,619 | Abdulmajid Nsekela | https://crdbbank.co.tz |
CRDB Bank Plc, together with its subsidiaries, provides corporate and retail banking services for individuals, small and medium enterprises (SME), corporates, and high net worth individuals in the United Republic of Tanzania and in the Republic of Burundi. It operates through Treasury, Retail Banking and Microfinance, and Corporate Banking segments. The company offers current, savings, call, fixed deposit, and salary accounts; personal and salary advance loans; debit cards; and corporate banking products, including trade finance, overdraft facilities, contract financing for construction, asset-based financing, utility services, general business, and agricultural based project financing.
CRDB Bank Fundamentals Summary
| CRDB fundamental statistics | |
|---|---|
| Market Cap | TSh652.96b |
| Earnings (TTM) | TSh183.41b |
| Revenue (TTM) | TSh759.13b |
3.6x
P/E Ratio0.6x
P/B RatioIs CRDB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CRDB income statement (TTM) | |
|---|---|
| Revenue | TSh759.13b |
| Cost of Revenue | TSh2.48b |
| Gross Profit | TSh756.65b |
| Expenses | TSh573.24b |
| Earnings | TSh183.41b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 29, 2021
| Earnings per share (EPS) | 70.22 |
| Gross Margin | 99.67% |
| Net Profit Margin | 24.16% |
| Debt/Equity Ratio | 71.4% |
How did CRDB perform over the long term?
See historical performance and comparisonDividends
8.8%
Current Dividend Yield31%
Payout RatioValuation
Is CRDB Bank undervalued compared to its fair value and its price relative to the market?
3.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CRDB (TZS250) is trading above our estimate of fair value (TZS139.26)
Significantly Below Fair Value: CRDB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CRDB is good value based on its PE Ratio (3.6x) compared to the TZ Banks industry average (4.3x).
PE vs Market: CRDB is good value based on its PE Ratio (3.6x) compared to the TZ market (10.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CRDB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CRDB is good value based on its PB Ratio (0.6x) compared to the TZ Banks industry average (0.8x).
Future Growth
How is CRDB Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
13.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CRDB's forecast earnings growth is above the savings rate (9.1%).
Earnings vs Market: Insufficient data to determine if CRDB's earnings are forecast to grow faster than the TZ market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CRDB's revenue (13.2% per year) is forecast to grow faster than the TZ market (7.1% per year).
High Growth Revenue: CRDB's revenue (13.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRDB's Return on Equity is forecast to be high in 3 years time (21.5%)
Past Performance
How has CRDB Bank performed over the past 5 years?
23.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRDB has a high level of non-cash earnings.
Growing Profit Margin: CRDB's current net profit margins (24.2%) are higher than last year (18%).
Past Earnings Growth Analysis
Earnings Trend: CRDB's earnings have grown significantly by 23.3% per year over the past 5 years.
Accelerating Growth: CRDB's earnings growth over the past year (41.7%) exceeds its 5-year average (23.3% per year).
Earnings vs Industry: CRDB earnings growth over the past year (41.7%) exceeded the Banks industry 11%.
Return on Equity
High ROE: CRDB's Return on Equity (17.7%) is considered low.
Financial Health
How is CRDB 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: CRDB's Assets to Equity ratio (7.8x) is low.
Allowance for Bad Loans: CRDB has a low allowance for bad loans (78%).
Low Risk Liabilities: 86% of CRDB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CRDB has an appropriate level of Loans to Assets ratio (52%).
Low Risk Deposits: CRDB's Loans to Deposits ratio (69%) is appropriate.
Level of Bad Loans: CRDB has a high level of bad loans (4.6%).
Dividend
What is CRDB Bank current dividend yield, its reliability and sustainability?
8.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CRDB's dividend (8.8%) is higher than the bottom 25% of dividend payers in the TZ market (1.97%).
High Dividend: CRDB's dividend (8.8%) is in the top 25% of dividend payers in the TZ market (8.19%)
Stability and Growth of Payments
Stable Dividend: CRDB's dividend payments have been volatile in the past 10 years.
Growing Dividend: CRDB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.3%), CRDB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CRDB's dividends in 3 years are forecast to be well covered by earnings (39.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Abdulmajid Nsekela (49 yo)
3yrs
Tenure
Mr. Abdulmajid Mussa Nsekela has been the Chief Executive Officer and Managing Director of CRDB Bank Plc since October 1, 2018 and is a Ex-officio member. Mr. Nsekela rejoined the CRDB Bank Plc on October...
Leadership Team
Experienced Management: CRDB's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: CRDB's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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
CRDB Bank Plc's employee growth, exchange listings and data sources
Key Information
- Name: CRDB Bank Plc
- Ticker: CRDB
- Exchange: DAR
- Founded: 1996
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: TSh652.960b
- Shares outstanding: 2.61b
- Website: https://crdbbank.co.tz
Number of Employees
Location
- CRDB Bank Plc
- Office Accomodation Scheme Building
- 4th Floor
- Dar es Salaam
- Tanzania
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 21:00 |
| End of Day Share Price | 2021/10/21 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.