Maendeleo Bank PLC provides banking products and services in Tanzania.
Price History & Performance
|Historical stock prices|
|Current Share Price||TSh490.00|
|52 Week High||TSh490.00|
|52 Week Low||TSh490.00|
|1 Month Change||0%|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||-16.95%|
|5 Year Change||-18.33%|
|Change since IPO||-18.33%|
Recent News & Updates
|MBP||TZ Banks||TZ Market|
Return vs Industry: Insufficient data to determine how MBP performed against the TZ Banks industry.
Return vs Market: Insufficient data to determine how MBP performed against the TZ Market.
Stable Share Price: Insufficient data to determine MBP's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine MBP's volatility change over the past year.
About the Company
Maendeleo Bank PLC provides banking products and services in Tanzania. The company offers various account products, including current, savings, time deposit, Ahadi, Wekeza, community, salary, and fixed deposit accounts. It also provides various loan products, such as small group and consumer loan products; loan products to micro, small, and medium sized enterprises, as well as industrial and commercial customers; and poultry finance and housing microfinance, and Jamii and agribusiness loans.
Maendeleo Bank Fundamentals Summary
|MBP fundamental statistics|
Is MBP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MBP income statement (TTM)|
|Cost of Revenue||TSh0|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||22.28|
|Net Profit Margin||7.75%|
How did MBP perform over the long term?See historical performance and comparison
Is Maendeleo Bank undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MBP's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MBP's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MBP is poor value based on its PE Ratio (22x) compared to the TZ Banks industry average (4.3x).
PE vs Market: MBP is poor value based on its PE Ratio (22x) compared to the TZ market (10.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MBP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MBP's PB Ratio (0.8x) is in line with the TZ Banks industry average.
How is Maendeleo Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maendeleo Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Maendeleo Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MBP has high quality earnings.
Growing Profit Margin: MBP's current net profit margins (7.7%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: MBP's earnings have declined by 10.3% per year over the past 5 years.
Accelerating Growth: MBP's earnings growth over the past year (151.7%) exceeds its 5-year average (-10.3% per year).
Earnings vs Industry: MBP earnings growth over the past year (151.7%) exceeded the Banks industry 11%.
Return on Equity
High ROE: MBP's Return on Equity (3.4%) is considered low.
How is Maendeleo Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: MBP's Assets to Equity ratio (5.7x) is low.
Allowance for Bad Loans: MBP has a low allowance for bad loans (37%).
Low Risk Liabilities: 85% of MBP's liabilities are made up of primarily low risk sources of funding.
Loan Level: MBP has an appropriate level of Loans to Assets ratio (70%).
Low Risk Deposits: MBP's Loans to Deposits ratio (99%) is appropriate.
Level of Bad Loans: MBP has a high level of bad loans (11.1%).
What is Maendeleo Bank current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MBP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MBP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MBP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MBP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MBP is not paying a notable dividend for the TZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MBP's dividend in 3 years as they are not forecast to pay a notable one for the TZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ibrahim Mwangalaba (53 yo)
Dr. Ibrahim A. Mwangalaba serves as Managing Director at Maendeleo Bank PLC and serves as its Secretary and Executive Director since May 16, 2015. He holds Bachelor of Commerce (Marketing), MBA (Finance) a...
Experienced Board: MBP's board of directors are considered experienced (6.4 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Maendeleo Bank PLC's employee growth, exchange listings and data sources
- Name: Maendeleo Bank PLC
- Ticker: MBP
- Exchange: DAR
- Founded: 2011
- Industry: Regional Banks
- Sector: Banks
- Market Cap: TSh12.073b
- Shares outstanding: 24.64m
- Website: https://www.maendeleobank.co.tz
Number of Employees
- Maendeleo Bank PLC
- Luther House
- PO BOX 216
- Dar es Salaam
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 15:01|
|End of Day Share Price||2021/09/29 00:00|
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.