OTCPK:SBGO.F

Stock Analysis Report

Executive Summary

Standard Bank Group Limited, together with its subsidiaries, offers financial products and services.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

How has Standard Bank Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:SBGO.F

3.3%

US Banks

2.1%

US Market


1 Year Return

n/a

OTCPK:SBGO.F

-13.8%

US Banks

-0.04%

US Market

No trading data on SBGO.F.

No trading data on SBGO.F.


Share holder returns

SBGO.FIndustryMarket
7 Day0%3.3%2.1%
30 Day0%-7.0%-3.2%
90 Dayn/a-2.3%2.8%
1 Yearn/a-11.3%-13.8%2.2%-0.04%
3 Yearn/a42.5%32.7%41.5%32.3%
5 Year5.2%5.2%54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is Standard Bank Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Standard Bank Group undervalued based on future cash flows and its price relative to the stock market?

30%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Standard Bank Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

Standard Bank Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Standard Bank Group is good value based on earnings compared to the US Banks industry average.

Standard Bank Group is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Standard Bank Group is good value based on expected growth next year.


Price Based on Value of Assets

Standard Bank Group is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Standard Bank Group expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Standard Bank Group's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

Standard Bank Group's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).

Standard Bank Group's revenue growth is positive but not above the United States of America market average.

Standard Bank Group's earnings growth is positive but not above the United States of America market average.

Standard Bank Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Standard Bank Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Standard Bank Group performed over the past 5 years?

7.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Standard Bank Group's year on year earnings growth rate has been positive over the past 5 years.

Standard Bank Group's 1-year earnings growth is less than its 5-year average (5% vs 7%)

Standard Bank Group's earnings growth has not exceeded the US Banks industry average in the past year (5% vs 33.2%).


Return on Equity

Standard Bank Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Standard Bank Group used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Standard Bank Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

  • Explore strong past performing companies in the Banks industry.

Financial Health

How is Standard Bank Group'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Standard Bank Group has an acceptable proportion of non-loan assets held.

Standard Bank Group has a low allowance for bad loans.

Standard Bank Group's liabilities are made up of primarily low risk sources of funding.

Standard Bank Group's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Standard Bank Group are broadly funded by customer deposits.

Standard Bank Group has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Standard Bank Group's current dividend yield, its reliability and sustainability?

6.60%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Standard Bank Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Standard Bank Group's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

What is the CEO of Standard Bank Group's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Sim Tshabalala (52yo)

6.4yrs

Tenure

SAR59,065,000

Compensation

Mr. Simpiwe Kenneth Tshabalala, also known as Sim, BA, LLB, LLM, HDip Tax, AMP, has been Group Chief Executive Officer of Standard Bank Group Limited since March 7, 2013. Mr. Tshabalala serves as an Execut ...


CEO Compensation Analysis

Sim's remuneration is lower than average for companies of similar size in United States of America.

Sim's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.3yrs

Average Tenure

51yo

Average Age

The tenure for the Standard Bank Group management team is about average.


Board Age and Tenure

3.4yrs

Average Tenure

62yo

Average Age

The tenure for the Standard Bank Group board of directors is about average.


Insider Trading

Standard Bank Group individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellSAR325,33030 May 19
Myles John Denniss Ruck
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares25,000
Max PriceSAR13.01
SellSAR134,43228 May 19
Thulani Gcabashe
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares10,000
Max PriceSAR13.44
SellSAR1,801,30816 Apr 19
Simpiwe Tshabalala
EntityIndividual
Role
Chief Executive Officer
Shares129,751
Max PriceSAR13.93
SellSAR349,18504 Oct 18
Barend Kruger
EntityIndividual
Shares29,463
Max PriceSAR11.85
BuySAR363,43304 Oct 18
Barend Kruger
EntityIndividual
Shares29,463
Max PriceSAR12.34
BuySAR407,55604 Oct 18
Simpiwe Tshabalala
EntityIndividual
Role
Chief Executive Officer
Shares33,040
Max PriceSAR12.34
BuySAR236,34304 Oct 18
Arno Daehnke
EntityIndividual
Role
Member of the Board of Directors
Group Financial Director & Executive Director
Shares19,160
Max PriceSAR12.34

Ownership Breakdown


Management Team

  • Sim Tshabalala (52yo)

    • Tenure: 6.4yrs
    • Compensation: SAR59.07m
  • David Munro (48yo)

    Chief Executive Officer of Liberty

    • Tenure: 2.3yrs
  • Isabel Lawrence (50yo)

    Group Chief Compliance & Data Officer

    • Tenure: 7.6yrs
  • Alpheus Mangale (43yo)

    Group Chief Information Officer

    • Tenure: 2.1yrs
  • Arno Daehnke (51yo)

    Group Financial Director & Executive Director

    • Tenure: 3.3yrs
    • Compensation: SAR36.06m
  • Sarah Rivett-Carnac

    Head of Investor Relations

    • Tenure: 0.0yrs
  • Kenny Fihla (51yo)

    Chief Executive of Corporate and Investment Banking (CIB)

    • Tenure: 2.3yrs
    • Compensation: SAR38.36m
  • Margaret Nienaber (45yo)

    Chief Executive of Wealth

    • Tenure: 2.8yrs
    • Compensation: SAR27.90m
  • Zweli Manyathi (57yo)

    Chief Executive of Personal & Business Banking Group

    • Tenure: 1.3yrs
    • Compensation: SAR39.87m
  • Rene Du Preez (52yo)

    Group General Counsel

    • Tenure: 1.2yrs

Board Members

  • Jacko Maree (64yo)

    Deputy Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: SAR4.70m
  • Peter Sullivan (70yo)

    Lead Independent Non-Executive Director

    • Tenure: 1.8yrs
    • Compensation: SAR3.33m
  • Myles John Denniss Ruck (63yo)

    Independent Non-Executive Director

    • Tenure: 17.6yrs
    • Compensation: SAR3.90m
  • Thulani Gcabashe (61yo)

    Chairman of the Board

    • Tenure: 4.3yrs
    • Compensation: SAR7.13m
  • Kgomotso Moroka (65yo)

    Non-Executive Director

    • Tenure: 16.1yrs
    • Compensation: SAR1.41m
  • Sim Tshabalala (52yo)

    • Tenure: 6.4yrs
    • Compensation: SAR59.07m
  • Martin Oduor-Otieno (63yo)

    Independent Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: SAR2.33m
  • Hao Hu (57yo)

    • Tenure: 2.2yrs
    • Compensation: SAR2.46m
  • Arno Daehnke (51yo)

    Group Financial Director & Executive Director

    • Tenure: 3.3yrs
    • Compensation: SAR36.06m
  • Trix Kennealy (61yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: SAR1.75m

Company Information

Standard Bank Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Standard Bank Group Limited
  • Ticker: SBGO.F
  • Exchange: OTCPK
  • Founded: 1862
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: SAR273.916b
  • Listing Market Cap: SAR18.004b
  • Shares outstanding: 1.60b
  • Website: https://www.standardbank.co.za

Number of Employees


Location

  • Standard Bank Group Limited
  • Standard Bank Centre
  • 9th Floor
  • Johannesburg
  • Gauteng
  • 2001
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBGO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
SKC2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
SNBNMSE (Namibian Stock Exchange)YesOrdinary SharesNAZARJan 1992
SBKJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARJan 1992
SGBL.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2009

Biography

Standard Bank Group Limited, together with its subsidiaries, offers financial products and services. The company’s personal banking products include accounts, credit cards, saving and investment, digital w ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:52
End of Day Share Price2019/07/02 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.