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DFCU

dfcuUGSE:DFCU Stock Report

Market Cap

USh434.7b

7D

-2.1%

1Y

-9.7%

Updated

26 Oct, 2021

Data

Company Financials +
DFCU fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends2/6

DFCU Overview

dfcu Limited provides commercial banking products and services in Uganda.

Price History & Performance

Summary of all time highs, changes and price drops for dfcu
Historical stock prices
Current Share PriceUSh569.08
52 Week HighUSh569.00
52 Week LowUSh630.00
Beta-0.18
1 Month Change-2.22%
3 Month Change-3.55%
1 Year Change-9.67%
3 Year Change-32.97%
5 Year Change-27.87%
Change since IPO13.82%

Recent News & Updates

Shareholder Returns

DFCUUG BanksUG Market
7D-2.1%0.6%-0.4%
1Y-9.7%25.0%1.2%

Return vs Industry: DFCU underperformed the UG Banks industry which returned 24.9% over the past year.

Return vs Market: DFCU underperformed the UG Market which returned 1.5% over the past year.

Price Volatility

Is DFCU's price volatile compared to industry and market?
DFCU volatility
DFCU Beta-0.18
Industry Beta0.67
Market Beta1

Stable Share Price: DFCU is less volatile than 75% of UG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: DFCU's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19641,072George Ochomhttps://dfculimited.com

dfcu Limited provides commercial banking products and services in Uganda. The company offers personal banking products and services, such as current, savings, investment club, and fixed deposit accounts; and personal, home, construction, and save for loans, as well as quick overdrafts. It also offers business banking products and services, including current and fixed deposit accounts, and asset finance, as well as loans, such as overdraft, unsecured temporary overdrafts, term loans, and leasing; corporate banking products and services, such as transactional solutions, such as utility payments, cash in transit, dfcu QuickConnect, and direct debits, as well as everyday banking and loans comprising leasing; and financial markets products and services, such as forex products, including forward exchange, FX transactions, and spot buys, as well as fixed income products comprising treasury bills and bonds, and fixed deposit account.

dfcu Fundamentals Summary

How do dfcu's earnings and revenue compare to its market cap?
DFCU fundamental statistics
Market CapUSh434.67b
Earnings (TTM)USh33.78b
Revenue (TTM)USh283.64b

12.6x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DFCU income statement (TTM)
RevenueUSh283.64b
Cost of RevenueUSh0
Gross ProfitUSh283.64b
ExpensesUSh249.86b
EarningsUSh33.78b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)45.15
Gross Margin100.00%
Net Profit Margin11.91%
Debt/Equity Ratio37.4%

How did DFCU perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is dfcu undervalued compared to its fair value and its price relative to the market?

12.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DFCU (UGX569.08) is trading above our estimate of fair value (UGX39.16)

Significantly Below Fair Value: DFCU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DFCU is poor value based on its PE Ratio (12.6x) compared to the African Banks industry average (6.5x).

PE vs Market: DFCU is poor value based on its PE Ratio (12.6x) compared to the UG market (4.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DFCU is good value based on its PB Ratio (0.7x) compared to the XF Banks industry average (0.9x).


Future Growth

How is dfcu forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if DFCU's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if DFCU's earnings are forecast to grow faster than the UG market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DFCU's revenue (13.4% per year) is forecast to grow faster than the UG market (7.1% per year).

High Growth Revenue: DFCU's revenue (13.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DFCU's Return on Equity is forecast to be low in 3 years time (7.4%).


Past Performance

How has dfcu performed over the past 5 years?

-12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DFCU has a high level of non-cash earnings.

Growing Profit Margin: DFCU's current net profit margins (11.9%) are lower than last year (24.4%).


Past Earnings Growth Analysis

Earnings Trend: DFCU's earnings have declined by 12.5% per year over the past 5 years.

Accelerating Growth: DFCU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DFCU had negative earnings growth (-49.5%) over the past year, making it difficult to compare to the Banks industry average (11%).


Return on Equity

High ROE: DFCU's Return on Equity (5.3%) is considered low.


Financial Health

How is dfcu'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: DFCU's Assets to Equity ratio (5.3x) is low.

Allowance for Bad Loans: Insufficient data to determine if DFCU has a sufficient allowance for bad loans.

Low Risk Liabilities: 88% of DFCU's liabilities are made up of primarily low risk sources of funding.

Loan Level: DFCU has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: DFCU's Loans to Deposits ratio (70%) is appropriate.

Level of Bad Loans: DFCU has a high level of bad loans (5.3%).


Dividend

What is dfcu current dividend yield, its reliability and sustainability?

3.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DFCU's dividend (3.05%) isn’t notable compared to the bottom 25% of dividend payers in the UG market (4.53%).

High Dividend: DFCU's dividend (3.05%) is low compared to the top 25% of dividend payers in the UG market (7.92%).


Stability and Growth of Payments

Stable Dividend: DFCU's dividend payments have been volatile in the past 10 years.

Growing Dividend: DFCU's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.5%), DFCU's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DFCU's dividends in 3 years are forecast to be well covered by earnings (39.2% payout ratio).


Next Steps

Management

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

5.4yrs

Average board tenure


CEO

George Ochom

3.75yrs

Tenure

Mr. George Ochom has been a General Manager at dfcu Ltd. since January 2018. Mr. Ochom served as the Head of Treasury of Dfcu Bank Ltd.He started his banking career in the then ANZ Gridlays bank which lat...


Board Members

Experienced Board: DFCU's board of directors are considered experienced (5.4 years average tenure).


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

dfcu Limited's employee growth, exchange listings and data sources


Key Information

  • Name: dfcu Limited
  • Ticker: DFCU
  • Exchange: UGSE
  • Founded: 1964
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: USh434.672b
  • Shares outstanding: 748.14m
  • Website: https://dfculimited.com

Number of Employees


Location

  • dfcu Limited
  • Plot 26
  • Kyadondo Road
  • Kampala
  • Uganda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:18
End of Day Share Price2021/10/26 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.