Standard Bank Group Future Growth

Future criteria checks 1/6

Standard Bank Group is forecast to grow earnings and revenue by 9.5% and 8.7% per annum respectively. EPS is expected to grow by 9.4% per annum. Return on equity is forecast to be 19% in 3 years.

Key information

9.5%

Earnings growth rate

9.4%

EPS growth rate

Banks earnings growth	10.5%
Revenue growth rate	8.7%
Future return on equity	19.0%
Analyst coverage	Good
Last updated	07 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:SGBL.Y - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	207,081	55,296	N/A	N/A	4
12/31/2025	193,806	50,089	N/A	N/A	4
12/31/2024	182,764	45,458	N/A	N/A	4
6/30/2024	162,939	43,774	-85,242	-79,732	N/A
3/31/2024	162,148	43,993	-92,656	-86,789	N/A
12/31/2023	161,356	44,211	-100,071	-93,846	N/A
9/30/2023	156,485	42,138	-82,271	-77,072	N/A
6/30/2023	151,613	40,065	-64,472	-60,299	N/A
3/31/2023	143,151	37,154	-71,450	-66,972	N/A
12/31/2022	134,689	34,243	-78,429	-73,646	N/A
9/30/2022	130,177	31,898	-63,169	-57,119	N/A
6/30/2022	125,665	29,553	-47,910	-40,592	N/A
3/31/2022	124,269	27,209	-61,397	-55,263	N/A
12/31/2021	122,873	24,865	-74,884	-69,935	N/A
9/30/2021	120,337	22,435	-138,429	-133,149	N/A
6/30/2021	117,800	20,005	-201,975	-196,364	N/A
3/31/2021	114,310	16,182	-185,841	-179,646	N/A
12/31/2020	110,819	12,358	-169,708	-162,929	N/A
9/30/2020	112,155	14,187	N/A	N/A	N/A
6/30/2020	113,491	16,015	-54,708	-54,372	N/A
3/31/2020	118,381	20,729	-78,330	-73,706	N/A
12/31/2019	123,271	25,443	-101,953	-93,040	N/A
9/30/2019	123,313	26,693	N/A	N/A	N/A
6/30/2019	123,355	27,942	-69,074	-50,020	N/A
3/31/2019	121,742	27,698	-58,149	-43,909	N/A
12/31/2018	120,128	27,453	-47,224	-37,798	N/A
9/30/2018	120,261	27,027	N/A	N/A	N/A
6/30/2018	120,394	26,601	-48,688	-44,103	N/A
3/31/2018	119,132	26,418	N/A	-42,558	N/A
12/31/2017	117,869	26,235	N/A	-41,013	N/A
9/30/2017	114,945	24,985	N/A	N/A	N/A
6/30/2017	112,021	23,734	N/A	-44,261	N/A
3/31/2017	111,862	22,970	N/A	-47,542	N/A
12/31/2016	111,702	22,206	N/A	-50,823	N/A
6/30/2016	112,480	21,598	N/A	-57,825	N/A
3/31/2016	109,185	21,306	N/A	-55,324	N/A
12/31/2015	105,890	21,013	N/A	-52,823	N/A
6/30/2015	101,357	22,909	N/A	-84,230	N/A
3/31/2015	99,424	22,431	N/A	-92,582	N/A
12/31/2014	97,490	21,953	N/A	-100,934	N/A
6/30/2014	89,347	18,223	N/A	11,127	N/A
3/31/2014	86,468	17,726	N/A	8,331	N/A
12/31/2013	83,589	17,228	N/A	5,535	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGBL.Y's forecast earnings growth (9.5% per year) is above the savings rate (2.6%).

Earnings vs Market: SGBL.Y's earnings (9.5% per year) are forecast to grow slower than the US market (15.4% per year).

High Growth Earnings: SGBL.Y's earnings are forecast to grow, but not significantly.

Revenue vs Market: SGBL.Y's revenue (8.7% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: SGBL.Y's revenue (8.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SGBL.Y's Return on Equity is forecast to be low in 3 years time (19%).

Standard Bank Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023

Standard Bank Group Limited Revises Earnings Guidance for the Year 2022

Standard Bank Group Limited Provides Earnings Guidance for the Six-Month Period Ending 30 June 2022

Standard Bank Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021

Standard Bank Group Limited Provides Earnings Guidance for the Six-Months Ending 30 June 2021

Recent updates

Standard Bank Group Limited Announces Executive Changes

Standard Bank Group Limited Declares Interim Gross Cash Dividend for the Six Months Ended June 30, 2024, Payable on September 16, 2024

Standard Bank Group Limited Appoints Sola David-Borha as to Its Board and Board Committee

Standard Bank Group Limited Confirms Retirement of Directors

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Change in Classification of Sola David-Borha from Non-Executive Director to Independent Non-Executive Director

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Directorate Retirements

Standard Bank Group Limited Appoints Olusola (Sola) Adejoke David-Borha as Non-Executive Director

Standard Bank Group Limited, Annual General Meeting, Jun 10, 2024

Standard Bank Group Limited Announces Board and Committee Changes

Standard Bank Group Limited to Report Fiscal Year 2023 Results on Mar 14, 2024

Standard Bank Group Limited (JSE:SBK) acquired additional unknown minority stake in Novus Holdings Limited (JSE:NVS).

Standard Bank Group Limited (JSE:SBK) acquired a 9.73% stake in York Timber Holdings Limited (JSE:YRK).

Standard Bank Group Limited to Report Q3, 2023 Results on Oct 17, 2023

Standard Bank Group Limited Declares Interim Gross Cash Dividend, Payable on 18 September 2023

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited Announces Retirement of Directors

Standard Bank Group Limited Announces Retirement of Directors

Standard Bank Group Limited (JSE:SBK) acquired an unknown additional stake in Redefine Properties Limited (JSE:RDF).

Standard Bank group Appoints Virginia Magapatona as New Group Head of Communication and Reputation Management, Effective 1 March 2023

Standard Bank Group Limited (JSE:SBK) acquired an unknown stake in Spear Reit Limited (JSE:SEA).

Standard Bank Group Limited to Report Fiscal Year 2022 Results on Mar 09, 2023

Standard Bank Group Limited Revises Earnings Guidance for the Year 2022

Standard Bank Group Limited and The Standard Bank of South Africa Limited Announce Directorate Change

Standard Bank Group Limited, Annual General Meeting, Jun 12, 2023

Standard Bank Group Limited and The Standard Bank of South Africa Limited Announces Executive Changes

Standard Bank Group Limited and the Standard Bank of South Africa Limited Appoints Lwazi Loyiso Bam as Non-Executive Director

Standard Bank Group Limited Provides Earnings Guidance for the Six-Month Period Ending 30 June 2022

Standard Bank Group Limited Appoints Barend (Ben) Johannes Kruger as Non-Executive Director

Standard Bank Group Limited Announces the Appointment of Ms Nonkululeko Nyembezi as the Chairman Designate

Standard Bank Group Announce Resignation of Thulani Sikhulu Gcabashe as Chairman and Director

Ibv International Vaults (London) Ltd. acquired Safe custody business of Standard Bank from Standard Bank Group Limited (JSE:SBK).

Standard Bank Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

Standard Bank Group Limited Announces Resignation of Maureen Erasmus as Non-Executive Director

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021

Standard Bank Group Limited Provides Earnings Guidance for the Six-Months Ending 30 June 2021

Standard Bank Group Limited Announces Cash Dividend on Ordinary Shares, Payable on 19 April 2021

Standard Bank Group Partners Hedera Hashgraph Joins the Hedera Governing Council

Standard Bank Group Board Appoints Paul Cook to Board

Standard Bank Group Limited to Report Fiscal Year 2020 Results on Mar 11, 2021

Standard Bank Group Limited and the Standard Bank of South Africa Limited Appoint Arno Daehnke, as Group Financial Director, as Debt Officer of the Group and the Bank, Effective 1 November 2020

Industrial and Commercial Bank of China Limited (SEHK:1398) agreed to acquire 20% stake in ICBCA from Standard Bank Group Limited (JSE:SBK) for ZAR 2.7 billion.

Standard Bank Group Limited (JSE:SBK) acquired 35% stake in Tradesafe.

Standard Bank Group Limited Not Declares an Interim Dividend for the Six Months Ended June 30, 2020

Standard Bank Group Limited (JSE:SBK) acquired 40% stake in Payment24 Pty Ltd.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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