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CRDB

CRDB BankDAR:CRDB Stock Report

Market Cap

TSh653.0b

7D

0%

1Y

51.5%

Updated

21 Oct, 2021

Data

Company Financials +
CRDB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends5/6

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

Summary of all time highs, changes and price drops for CRDB Bank
Historical stock prices
Current Share PriceTSh250.00
52 Week HighTSh165.00
52 Week LowTSh300.00
Beta0.31
1 Month Change0%
3 Month Change-7.41%
1 Year Change51.52%
3 Year Change66.67%
5 Year Change0%
Change since IPO38.89%

Recent News & Updates

Shareholder Returns

CRDBTZ BanksTZ Market
7D0%-2.7%-0.9%
1Y51.5%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

Is CRDB's price volatile compared to industry and market?
CRDB volatility
CRDB Beta0.31
Industry Beta0.68
Market Beta1

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

FoundedEmployeesCEOWebsite
19963,619Abdulmajid Nsekelahttps://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

How do CRDB Bank's earnings and revenue compare to its market cap?
CRDB fundamental statistics
Market CapTSh652.96b
Earnings (TTM)TSh183.41b
Revenue (TTM)TSh759.13b

3.6x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRDB income statement (TTM)
RevenueTSh759.13b
Cost of RevenueTSh2.48b
Gross ProfitTSh756.65b
ExpensesTSh573.24b
EarningsTSh183.41b

Dividends

8.8%

Current Dividend Yield

31%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:00
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.