Absa Group Limited

JSE:ABG Stock Report

Market Cap: R159.5b

Absa Group Past Earnings Performance

Past criteria checks 2/6

Absa Group has been growing earnings at an average annual rate of 15.3%, while the Banks industry saw earnings growing at 19.2% annually. Revenues have been growing at an average rate of 7% per year. Absa Group's return on equity is 12.8%, and it has net margins of 20.8%.

Key information

15.3%

Earnings growth rate

15.3%

EPS growth rate

Banks Industry Growth7.1%
Revenue growth rate7.0%
Return on equity12.8%
Net Margin20.8%
Next Earnings Update11 Mar 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Absa Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:ABG Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2490,86718,9443,6580
31 Mar 2489,98719,4183,5870
31 Dec 2389,10719,8913,5160
30 Sep 2387,06120,2824,2060
30 Jun 2385,44920,6723,8540
31 Mar 2384,23920,4693,3340
31 Dec 2283,02820,2652,8130
30 Sep 2282,53020,1262,2150
30 Jun 2282,03219,9861,6170
31 Mar 2279,68718,8751,6170
31 Dec 2177,34217,7631,6170
30 Sep 2174,65115,6601,7670
30 Jun 2171,86313,5571,9170
31 Mar 2166,4469,7191,9170
31 Dec 2061,0295,8801,9170
30 Sep 2061,7796,4901,8640
30 Jun 2062,5297,1001,9200
31 Mar 2067,41110,6781,9200
31 Dec 1972,29214,2561,9200
30 Sep 1971,85214,2812,7450
30 Jun 1971,41114,3053,5690
31 Mar 1970,78214,1113,5690
31 Dec 1870,15313,9173,5690
30 Sep 1869,06013,8182,6840
30 Jun 1867,96613,7181,7990
31 Mar 1867,11713,8032,5990
31 Dec 1766,26813,8883,3990
30 Sep 1765,54814,5004,0450
30 Jun 1764,82815,1124,6910
31 Mar 1764,17314,9104,3000
31 Dec 1663,51714,7083,9080
30 Sep 1663,03914,6444,4120
30 Jun 1662,56014,5804,9160
31 Mar 1661,40214,4564,5080
31 Dec 1560,24314,3314,0990
30 Sep 1559,41014,0763,9430
30 Jun 1558,57713,8203,7860
31 Mar 1557,69913,5183,7860
31 Dec 1456,82013,2163,7860
30 Sep 1455,77712,8852,7850
30 Jun 1454,73412,5541,7830
31 Mar 1453,54512,2682,5040
31 Dec 1352,35511,9813,2250

Quality Earnings: ABG has high quality earnings.

Growing Profit Margin: ABG's current net profit margins (20.8%) are lower than last year (24.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ABG's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: ABG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ABG had negative earnings growth (-8.4%) over the past year, making it difficult to compare to the Banks industry average (22.4%).

Return on Equity

High ROE: ABG's Return on Equity (12.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 16:14
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
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

Absa Group Limited is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Johann ScholtzAfrifocus Securities (Pty) Ltd.
Harry BothaAnchor Stockbrokers Proprietary Limited
Jaap MeijerArqaam Capital Research Offshore S.A.L.