Dar es Salaam Stock Exchange Plc operates as a securities exchange in Tanzania.
Price History & Performance
|Historical stock prices|
|Current Share Price||TSh1,240.00|
|52 Week High||TSh880.00|
|52 Week Low||TSh1,400.00|
|1 Month Change||3.33%|
|3 Month Change||1.64%|
|1 Year Change||40.91%|
|3 Year Change||-27.06%|
|5 Year Change||0%|
|Change since IPO||24.00%|
Recent News & Updates
|DSE||TZ Capital Markets||TZ Market|
Return vs Industry: DSE matched the TZ Capital Markets industry which returned 41.7% over the past year.
Return vs Market: DSE exceeded the TZ Market which returned 4.4% over the past year.
Stable Share Price: DSE is not significantly more volatile than the rest of TZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: DSE's weekly volatility (4%) has been stable over the past year.
About the Company
Dar es Salaam Stock Exchange Plc operates as a securities exchange in Tanzania. The company assists companies to raise capital through the issuance of equities and debt securities; and a securities market to investors who intend to invest in the listed companies. It is involved in the electronic trading; and clearing and settlement of securities, such as shares and bonds.
Dar es Salaam Stock Exchange Fundamentals Summary
|DSE fundamental statistics|
Is DSE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DSE income statement (TTM)|
|Cost of Revenue||TSh855.82m|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||194.72|
|Net Profit Margin||61.98%|
How did DSE perform over the long term?See historical performance and comparison
9.2%Current Dividend Yield
Is Dar es Salaam Stock Exchange 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: DSE (TZS1240) is trading above our estimate of fair value (TZS693.44)
Significantly Below Fair Value: DSE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DSE is good value based on its PE Ratio (6.4x) compared to the African Capital Markets industry average (10.7x).
PE vs Market: DSE is good value based on its PE Ratio (6.4x) compared to the TZ market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DSE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DSE is overvalued based on its PB Ratio (1.2x) compared to the XF Capital Markets industry average (1x).
How is Dar es Salaam Stock Exchange forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials 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 Dar es Salaam Stock Exchange 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 Dar es Salaam Stock Exchange performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DSE has a high level of non-cash earnings.
Growing Profit Margin: DSE's current net profit margins (62%) are higher than last year (55.1%).
Past Earnings Growth Analysis
Earnings Trend: DSE's earnings have grown by 12.9% per year over the past 5 years.
Accelerating Growth: DSE's earnings growth over the past year (30.4%) exceeds its 5-year average (12.9% per year).
Earnings vs Industry: DSE earnings growth over the past year (30.4%) underperformed the Capital Markets industry 34.1%.
Return on Equity
High ROE: DSE's Return on Equity (18.6%) is considered low.
How is Dar es Salaam Stock Exchange's financial position?
Financial Position Analysis
Short Term Liabilities: DSE's short term assets (TZS24.9B) exceed its short term liabilities (TZS2.2B).
Long Term Liabilities: DSE's short term assets (TZS24.9B) exceed its long term liabilities (TZS1.3B).
Debt to Equity History and Analysis
Debt Level: DSE is debt free.
Reducing Debt: DSE had no debt 5 years ago.
Debt Coverage: DSE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DSE has no debt, therefore coverage of interest payments is not a concern.
What is Dar es Salaam Stock Exchange current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DSE's dividend (9.21%) is higher than the bottom 25% of dividend payers in the TZ market (1.97%).
High Dividend: DSE's dividend (9.21%) is in the top 25% of dividend payers in the TZ market (8.2%)
Stability and Growth of Payments
Stable Dividend: DSE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DSE's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.6%), DSE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Moremi Marwa (45 yo)
Mr. Moremi Marwa, MBA, has been the Chief Executive Officer at Dar Es Salaam STOCK Exchange since May 2013 and served as its Ex-Officio Director since 2013 and serves as its Director since 2015. Mr. Marwa...
Experienced Board: DSE's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Dar es Salaam Stock Exchange Plc's employee growth, exchange listings and data sources
- Name: Dar es Salaam Stock Exchange Plc
- Ticker: DSE
- Exchange: DAR
- Founded: 1996
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: TSh29.542b
- Shares outstanding: 23.82m
- Website: https://www.dse.co.tz
Number of Employees
- Dar es Salaam Stock Exchange Plc
- NHC Corporate Office
- Kambarage House, 3rd Floor
- Dar es Salaam
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 15:01|
|End of Day Share Price||2021/10/15 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.