Nedbank Group Limited

JSE:NED Stock Report

Market Cap: R132.9b

Nedbank Group Past Earnings Performance

Past criteria checks 3/6

Nedbank Group has been growing earnings at an average annual rate of 13.4%, while the Banks industry saw earnings growing at 19.2% annually. Revenues have been growing at an average rate of 6.7% per year. Nedbank Group's return on equity is 14.8%, and it has net margins of 25.3%.

Key information

13.4%

Earnings growth rate

13.8%

EPS growth rate

Banks Industry Growth7.1%
Revenue growth rate6.7%
Return on equity14.8%
Net Margin25.3%
Next Earnings Update04 Mar 2025

Recent past performance updates

Recent updates

If EPS Growth Is Important To You, Nedbank Group (JSE:NED) Presents An Opportunity

Dec 23
If EPS Growth Is Important To You, Nedbank Group (JSE:NED) Presents An Opportunity

Revenue & Expenses Breakdown

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

Earnings and Revenue History

JSE:NED Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2462,88915,8983,8360
31 Mar 2461,92315,6023,8360
31 Dec 2360,95715,3053,8360
30 Sep 2359,65515,0213,6650
30 Jun 2358,35214,7373,4930
31 Mar 2357,31714,5123,4930
31 Dec 2256,28214,2873,4930
30 Sep 2255,16413,5792,8240
30 Jun 2254,04512,8702,1540
31 Mar 2252,82812,0542,1540
31 Dec 2151,61111,2382,1540
30 Sep 2149,0829,3221,1190
30 Jun 2146,0887,4058660
31 Mar 2143,1345,4361,2250
31 Dec 2040,1793,4671,5830
30 Sep 2041,9014,9881,8550
30 Jun 2043,6226,5082,1270
31 Mar 2046,8209,2552,1910
31 Dec 1950,01712,0012,2550
30 Sep 1950,90512,7572,6530
30 Jun 1951,79213,5123,0510
31 Mar 1951,43513,4443,2940
31 Dec 1851,07813,3763,5370
30 Sep 1850,08813,2064,2170
30 Jun 1849,09813,0354,8970
31 Mar 1848,71012,3284,2320
31 Dec 1748,32211,6213,5660
30 Sep 1747,05910,7783,5530
30 Jun 1745,7969,9343,5400
31 Mar 1745,07610,0333,5400
31 Dec 1644,35610,1323,5400
30 Sep 1643,78410,4842,8040
30 Jun 1643,21110,8352,0670
31 Mar 1642,01610,7782,6180
31 Dec 1540,82110,7213,1690
30 Sep 1540,50110,6243,3410
30 Jun 1540,18110,5263,5120
31 Mar 1539,47410,1612,9610
31 Dec 1438,7679,7962,4100
30 Sep 1437,8419,5612,3270
30 Jun 1436,9149,3252,2430
31 Mar 1435,9658,9812,2430
31 Dec 1335,0168,6372,2430

Quality Earnings: NED has high quality earnings.

Growing Profit Margin: NED's current net profit margins (25.3%) are higher than last year (25.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NED's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: NED's earnings growth over the past year (7.9%) is below its 5-year average (13.4% per year).

Earnings vs Industry: NED earnings growth over the past year (7.9%) did not outperform the Banks industry 22.4%.

Return on Equity

High ROE: NED's Return on Equity (14.8%) 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 Analysis2024/12/23 23:54
End of Day Share Price 2024/12/23 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

Nedbank 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
Harry BothaAnchor Stockbrokers Proprietary Limited
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Adrienne DamantAvior Capital Markets