KCB Group PLC

UGSE:KCB Stock Report

Market Cap: USh3.6t

KCB Group Valuation

Is KCB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KCB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KCB (UGX1503.12) is trading above our estimate of fair value (UGX1042.47)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KCB?

Key metric: As KCB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KCB. This is calculated by dividing KCB's market cap by their current earnings.
What is KCB's PE Ratio?
PE Ratio2.5x
EarningsKSh49.74b
Market CapKSh125.49b

Price to Earnings Ratio vs Peers

How does KCB's PE Ratio compare to its peers?

The above table shows the PE ratio for KCB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
SBU Stanbic Uganda Holdings
5.6xn/aUSh2.5t
BOBU Bank of Baroda (Uganda)
3.1xn/aUSh337.5b
KIB Kuwait International Bank K.S.C.P
12.8x14.2%د.ك298.1m
NMB NMB Bank
4.3xn/aTSh2.7t
KCB KCB Group
2.5x13.0%USh125.5b

Price-To-Earnings vs Peers: KCB is good value based on its Price-To-Earnings Ratio (2.5x) compared to the peer average (6.5x).

Price to Earnings Ratio vs Industry

How does KCB's PE Ratio compare vs other companies in the African Banks Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCB 2.5xIndustry Avg. 5.1xNo. of Companies25PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KCB is good value based on its Price-To-Earnings Ratio (2.5x) compared to the African Banks industry average (5.1x).

Price to Earnings Ratio vs Fair Ratio

What is KCB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KCB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KCB's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KCB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUSh1,503.12
USh1,301.59
-13.4%
25.6%USh1,865.71USh1,010.82n/a4
Nov ’25USh1,503.12
USh1,253.54
-16.6%
25.5%USh1,876.35USh1,016.58n/a5
Oct ’25USh1,503.12
USh1,246.83
-17.1%
22.8%USh1,794.54USh1,027.75n/a5
Sep ’25USh1,503.12
USh1,279.55
-14.9%
24.4%USh1,800.05USh1,030.91n/a4
Aug ’25USh1,503.12
USh1,248.65
-16.9%
25.9%USh1,807.55USh1,035.20n/a4
Jul ’25USh1,503.12
USh1,371.99
-8.7%
29.8%USh2,054.25USh1,029.14n/a5
Jun ’25USh1,503.12
USh1,234.21
-17.9%
36.0%USh2,016.01USh672.95n/a6
May ’25USh1,503.12
USh1,340.94
-10.8%
37.1%USh2,113.55USh705.51n/a5
Apr ’25USh1,503.12
USh1,340.94
-10.8%
37.1%USh2,113.55USh705.51n/a5
Mar ’25USh1,503.12
USh1,018.84
-32.2%
42.7%USh1,686.01USh562.79n/a5
Feb ’25USh1,503.12
USh1,018.84
-32.2%
42.7%USh1,686.01USh562.79n/a5
Jan ’25USh1,503.12
USh1,113.31
-25.9%
40.4%USh1,745.14USh582.53n/a5
Dec ’24USh1,503.12
USh1,276.49
-15.1%
28.9%USh1,767.74USh632.22n/a5
Nov ’24USh1,503.12
USh1,405.29
-6.5%
16.3%USh1,792.20USh1,219.85USh1,503.124
Oct ’24USh1,503.12
USh1,494.25
-0.6%
18.4%USh1,882.00USh1,280.97USh1,503.123
Sep ’24USh1,503.12
USh1,494.25
-0.6%
18.4%USh1,882.00USh1,280.97USh1,503.123
Aug ’24USh1,503.12
USh1,494.25
-0.6%
18.4%USh1,882.00USh1,280.97USh1,503.123
Jul ’24USh1,503.12
USh1,494.25
-0.6%
18.4%USh1,882.00USh1,280.97USh1,503.123
Jun ’24USh1,503.12
USh1,804.23
+20.0%
34.6%USh2,686.57USh1,342.73USh1,503.123
May ’24USh1,503.12
USh1,804.23
+20.0%
34.6%USh2,686.57USh1,342.73USh1,503.123
Apr ’24USh1,503.12
USh2,110.33
+40.4%
32.0%USh2,786.04USh1,434.62USh1,503.122
Mar ’24USh1,503.12
USh1,890.07
+25.7%
30.2%USh2,871.06USh1,478.41USh1,503.124
Feb ’24USh1,503.12
USh1,890.07
+25.7%
30.2%USh2,871.06USh1,478.41USh1,503.124
Jan ’24USh1,503.12
USh2,001.58
+33.2%
27.1%USh2,915.76USh1,501.42USh1,503.125
Dec ’23USh1,503.12
USh2,060.11
+37.1%
25.6%USh2,896.22USh1,517.67USh1,503.125
Nov ’23USh1,503.12
USh2,060.11
+37.1%
25.6%USh2,896.22USh1,517.67USh1,503.125

Analyst Forecast: Target price is less than 20% higher than the current share price.

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