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BOBU

Bank of Baroda (Uganda)UGSE:BOBU Stock Report

Market Cap

USh287.5b

7D

0%

1Y

-5.0%

Updated

20 Oct, 2021

Data

Company Financials
BOBU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

BOBU Overview

Bank of Baroda (Uganda) Limited provides various commercial banking services to individual and corporate customers in Uganda.

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Baroda (Uganda)
Historical stock prices
Current Share PriceUSh115.00
52 Week HighUSh90.00
52 Week LowUSh136.00
Beta-0.11
1 Month Change-2.54%
3 Month Change-3.36%
1 Year Change-4.96%
3 Year Change-11.54%
5 Year Change-15.44%
Change since IPO-4.17%

Recent News & Updates

Shareholder Returns

BOBUUG BanksUG Market
7D0%0.8%0.06%
1Y-5.0%28.2%1.0%

Return vs Industry: BOBU underperformed the UG Banks industry which returned 28.2% over the past year.

Return vs Market: BOBU underperformed the UG Market which returned 1% over the past year.

Price Volatility

Is BOBU's price volatile compared to industry and market?
BOBU volatility
BOBU Beta-0.11
Industry Beta0.68
Market Beta1

Stable Share Price: BOBU is less volatile than 75% of UG stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: BOBU's weekly volatility has decreased from 7% to 1% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1953208Raj Meenahttps://www.bankofbaroda.ug

Bank of Baroda (Uganda) Limited provides various commercial banking services to individual and corporate customers in Uganda. It offers various deposit products, such as savings accounts, current accounts, festival deposits, recurring deposits, and fixed/short-term deposit accounts. The company also provides loans/advances, including salary, multi-purpose, housing, education, traders’, business, short-term, and IPO loans; and asset finance products, as well as loans against future rent receivables and bank’s deposits.

Bank of Baroda (Uganda) Fundamentals Summary

How do Bank of Baroda (Uganda)'s earnings and revenue compare to its market cap?
BOBU fundamental statistics
Market CapUSh287.50b
Earnings (TTM)USh83.32b
Revenue (TTM)USh138.36b

3.5x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOBU income statement (TTM)
RevenueUSh138.36b
Cost of RevenueUSh0
Gross ProfitUSh138.36b
ExpensesUSh55.04b
EarningsUSh83.32b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)33.33
Gross Margin100.00%
Net Profit Margin60.22%
Debt/Equity Ratio4.4%

How did BOBU perform over the long term?

See historical performance and comparison

Dividends

8.7%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Bank of Baroda (Uganda) undervalued compared to its fair value and its price relative to the market?

22.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOBU (UGX115) is trading below our estimate of fair value (UGX148.04)

Significantly Below Fair Value: BOBU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BOBU is good value based on its PE Ratio (3.5x) compared to the African Banks industry average (6.5x).

PE vs Market: BOBU is good value based on its PE Ratio (3.5x) compared to the UG market (4.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BOBU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BOBU is good value based on its PB Ratio (0.6x) compared to the XF Banks industry average (0.9x).


Future Growth

How is Bank of Baroda (Uganda) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.2%

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 Bank of Baroda (Uganda) 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.


Past Performance

How has Bank of Baroda (Uganda) performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOBU has high quality earnings.

Growing Profit Margin: BOBU's current net profit margins (60.2%) are higher than last year (46%).


Past Earnings Growth Analysis

Earnings Trend: BOBU's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: BOBU's earnings growth over the past year (83.3%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: BOBU earnings growth over the past year (83.3%) exceeded the Banks industry 11%.


Return on Equity

High ROE: BOBU's Return on Equity (18.4%) is considered low.


Financial Health

How is Bank of Baroda (Uganda)'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: BOBU's Assets to Equity ratio (4.7x) is low.

Allowance for Bad Loans: BOBU has a sufficient allowance for bad loans (105%).

Low Risk Liabilities: 93% of BOBU's liabilities are made up of primarily low risk sources of funding.

Loan Level: BOBU has an appropriate level of Loans to Assets ratio (39%).

Low Risk Deposits: BOBU's Loans to Deposits ratio (53%) is appropriate.

Level of Bad Loans: BOBU has an appropriate level of bad loans (1.4%).


Dividend

What is Bank of Baroda (Uganda) current dividend yield, its reliability and sustainability?

8.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOBU's dividend (8.7%) is higher than the bottom 25% of dividend payers in the UG market (4.53%).

High Dividend: BOBU's dividend (8.7%) is in the top 25% of dividend payers in the UG market (7.92%)


Stability and Growth of Payments

Stable Dividend: BOBU has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BOBU's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.6%), BOBU's dividend payments are well 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Raj Meena

1.5yrs

Tenure

Mr. Raj Kumar Meena serves as Managing Director and Director of Bank of Baroda (Uganda) Ltd. since April 01, 2020.


Leadership Team

Experienced Management: BOBU's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: BOBU's board of directors are not considered experienced ( 2.8 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

Bank of Baroda (Uganda) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Baroda (Uganda) Limited
  • Ticker: BOBU
  • Exchange: UGSE
  • Founded: 1953
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: USh287.500b
  • Shares outstanding: 2.50b
  • Website: https://www.bankofbaroda.ug

Number of Employees


Location

  • Bank of Baroda (Uganda) Limited
  • Plot 18, Kampala Road
  • PO Box 7197
  • Kampala
  • Uganda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 16:00
End of Day Share Price2021/10/20 00:00
Earnings2020/12/31
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.