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 (UGX1004.78)

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
EarningsKSh50.75b
Market CapKSh128.38b

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 Average6.2x
SBU Stanbic Uganda Holdings
4.4xn/aUSh2.0t
BOBU Bank of Baroda (Uganda)
3.1xn/aUSh333.8b
KIB Kuwait International Bank K.S.C.P
12.9x14.3%د.ك301.3m
ABC Arab Banking Corporation (B.S.C.)
4.2xn/aUS$1.0b
KCB KCB Group
2.5x13.3%USh128.4b

Price-To-Earnings vs Peers: KCB is good value based on its Price-To-Earnings Ratio (2.5x) compared to the peer average (6.2x).

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. 5.2xNo. of Companies22PE0612182430+
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 (5.2x).

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
USh1,307.10
-13.0%
25.6%USh1,873.62USh1,015.10n/a4
Dec ’25USh1,503.12
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%USh1,767.74USh632.22USh1,503.125
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 14:47
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

KCB Group PLC is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy WambuAbsa Bank Limited
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Craig MetherellAvior Capital Markets