Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally.
Nedbank Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R174.87|
|52 Week High||R94.63|
|52 Week Low||R189.66|
|1 Month Change||3.98%|
|3 Month Change||10.53%|
|1 Year Change||81.95%|
|3 Year Change||-25.74%|
|5 Year Change||-18.52%|
|Change since IPO||1,020.97%|
Recent News & Updates
|NED||ZA Banks||ZA Market|
Return vs Industry: NED exceeded the ZA Banks industry which returned 49.6% over the past year.
Return vs Market: NED exceeded the ZA Market which returned 21.3% over the past year.
Stable Share Price: NED is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NED's weekly volatility (4%) has been stable over the past year.
About the Company
|1831||27,561||Mike Thomas Brown||https://www.nedbank.co.za|
Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including savings deposits and investment accounts; home and personal loans, student loans, vehicle finance products, private wealth finance solutions, overdrafts, and credit cards; and investment plans and services, financial and estate planning services, and wills and trust services, as well as professional banking, wealth management, non-resident and embassy banking, insurance, stock broking, and foreign exchange services. The company also provides business banking services, such as business accounts; call, fixed, and flexi deposits; loans and structured solutions; property, asset, and vehicle finance products; value added services; card and cash solutions; treasury solutions; cash management, electronic banking, and merchant payment and support services; life, asset, income and credit protection, funeral, business cover, liability cover, revenue cover, and owners’ insurance products; asset management services; and commodities, equities, fixed income, and structured credit products.
Nedbank Group Fundamentals Summary
|NED fundamental statistics|
Is NED overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NED income statement (TTM)|
|Cost of Revenue||R0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||15.26|
|Net Profit Margin||16.16%|
How did NED perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is Nedbank Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NED (ZAR174.87) is trading above our estimate of fair value (ZAR92.52)
Significantly Below Fair Value: NED is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NED is poor value based on its PE Ratio (11.5x) compared to the ZA Banks industry average (10.6x).
PE vs Market: NED is poor value based on its PE Ratio (11.5x) compared to the ZA market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: NED is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: NED's PB Ratio (0.9x) is in line with the ZA Banks industry average.
How is Nedbank Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NED's forecast earnings growth (22.7% per year) is above the savings rate (8.8%).
Earnings vs Market: NED's earnings (22.7% per year) are forecast to grow faster than the ZA market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NED's revenue (8.9% per year) is forecast to grow faster than the ZA market (6.1% per year).
High Growth Revenue: NED's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NED's Return on Equity is forecast to be low in 3 years time (13.2%).
How has Nedbank Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NED has a high level of non-cash earnings.
Growing Profit Margin: NED's current net profit margins (16.2%) are higher than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: NED's earnings have declined by 9.8% per year over the past 5 years.
Accelerating Growth: NED's earnings growth over the past year (13.8%) exceeds its 5-year average (-9.8% per year).
Earnings vs Industry: NED earnings growth over the past year (13.8%) underperformed the Banks industry 24.9%.
Return on Equity
High ROE: NED's Return on Equity (7.9%) is considered low.
How is Nedbank Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NED's Assets to Equity ratio (11.1x) is moderate.
Allowance for Bad Loans: NED has a low allowance for bad loans (64%).
Low Risk Liabilities: 85% of NED's liabilities are made up of primarily low risk sources of funding.
Loan Level: NED has an appropriate level of Loans to Assets ratio (69%).
Low Risk Deposits: NED's Loans to Deposits ratio (88%) is appropriate.
Level of Bad Loans: NED has a high level of bad loans (4.7%).
What is Nedbank Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NED's dividend (4.95%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: NED's dividend (4.95%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).
Stability and Growth of Payments
Stable Dividend: NED's dividend payments have been volatile in the past 10 years.
Growing Dividend: NED's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.3%), NED's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NED's dividends in 3 years are forecast to be covered by earnings (52% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Thomas Brown (54 yo)
Mr. Michael William Thomas Brown, also known as Mike, BCom, Dip Acc, CA (SA), AMP, serves as the Chief Executive and Executive Director of Nedbank Corporate. Mr. Brown has been the Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.95M) is above average for companies of similar size in the ZA market ($USD1.71M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: NED's management team is seasoned and experienced (6.8 years average tenure).
Experienced Board: NED's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nedbank Group Limited's employee growth, exchange listings and data sources
- Name: Nedbank Group Limited
- Ticker: NED
- Exchange: JSE
- Founded: 1831
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: R84.877b
- Shares outstanding: 485.37m
- Website: https://www.nedbank.co.za
Number of Employees
- Nedbank Group Limited
- Nedbank 135 Rivonia Campus
- 135 Rivonia Road
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 17:05|
|End of Day Share Price||2021/10/15 00:00|
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.