| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
DFCU Overview
dfcu Limited provides commercial banking products and services in Uganda.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | USh569.08 |
| 52 Week High | USh569.00 |
| 52 Week Low | USh630.00 |
| 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 IPO | 13.82% |
Recent News & Updates
Shareholder Returns
| DFCU | UG Banks | UG 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
| DFCU volatility | |
|---|---|
| DFCU Beta | -0.18 |
| Industry Beta | 0.67 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1964 | 1,072 | George Ochom | https://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
| DFCU fundamental statistics | |
|---|---|
| Market Cap | USh434.67b |
| Earnings (TTM) | USh33.78b |
| Revenue (TTM) | USh283.64b |
12.6x
P/E Ratio0.7x
P/B RatioIs DFCU overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DFCU income statement (TTM) | |
|---|---|
| Revenue | USh283.64b |
| Cost of Revenue | USh0 |
| Gross Profit | USh283.64b |
| Expenses | USh249.86b |
| Earnings | USh33.78b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 45.15 |
| Gross Margin | 100.00% |
| Net Profit Margin | 11.91% |
| Debt/Equity Ratio | 37.4% |
How did DFCU perform over the long term?
See historical performance and comparisonDividends
3.1%
Current Dividend Yield38%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:18 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.