Standard Bank Group Limited, together with its subsidiaries, offers banking and financial products and services.
Standard Bank Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R136.50|
|52 Week High||R104.23|
|52 Week Low||R149.78|
|1 Month Change||-1.42%|
|3 Month Change||15.79%|
|1 Year Change||30.27%|
|3 Year Change||-15.47%|
|5 Year Change||-1.80%|
|Change since IPO||26,710.86%|
Recent News & Updates
|SBK||ZA Banks||ZA Market|
Return vs Industry: SBK underperformed the ZA Banks industry which returned 49.6% over the past year.
Return vs Market: SBK exceeded the ZA Market which returned 21.3% over the past year.
Stable Share Price: SBK is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SBK's weekly volatility (3%) has been stable over the past year.
About the Company
Standard Bank Group Limited, together with its subsidiaries, offers banking and financial products and services. The company’s personal banking products include bank accounts, digital wallets, credit and prepaid cards, saving and investment products, foreign exchange, and Shariah banking products and services; home, personal, vehicle, and student loans; financial planning and trading services; and wills, estate, and trust services, as well as car, home, income, debt, funeral, travel, legal assist, life, and personal accident insurance. Its business banking products comprise business, current, and attorney trust accounts; merchant and cash solutions; cards; revolving, term, repayment, and agricultural loans; overdrafts; vehicle and asset, debtor, and commercial property finance services; savings and investment accounts; pay and incentive cards, employer value banking, instant money bulk and salary payments, incentive cards, and financial planning services; fleet management, merchant, debit order, cash, franchising, and ecommerce solutions; and business, corporate risks, agricultural, vehicle and asset, commercial property, engineering risks, new contracts, cargo, cash, events, and directors and officers liability insurance services.
Standard Bank Group Fundamentals Summary
|SBK fundamental statistics|
Is SBK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SBK income statement (TTM)|
|Cost of Revenue||R0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Mar 11, 2022
|Earnings per share (EPS)||12.59|
|Net Profit Margin||16.98%|
How did SBK perform over the long term?See historical performance and comparison
5.3%Current Dividend Yield
Is Standard Bank 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: SBK (ZAR136.5) is trading above our estimate of fair value (ZAR76.28)
Significantly Below Fair Value: SBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SBK is poor value based on its PE Ratio (10.8x) compared to the ZA Banks industry average (10.6x).
PE vs Market: SBK is good value based on its PE Ratio (10.8x) compared to the ZA market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: SBK is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: SBK is overvalued based on its PB Ratio (1.1x) compared to the ZA Banks industry average (0.9x).
How is Standard Bank Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBK's forecast earnings growth (21.9% per year) is above the savings rate (8.8%).
Earnings vs Market: SBK's earnings (21.9% 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: SBK's revenue (6.7% per year) is forecast to grow faster than the ZA market (6.1% per year).
High Growth Revenue: SBK's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SBK's Return on Equity is forecast to be low in 3 years time (15%).
How has Standard Bank Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBK has high quality earnings.
Growing Profit Margin: SBK's current net profit margins (17%) are higher than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: SBK's earnings have declined by 7.2% per year over the past 5 years.
Accelerating Growth: SBK's earnings growth over the past year (24.9%) exceeds its 5-year average (-7.2% per year).
Earnings vs Industry: SBK earnings growth over the past year (24.9%) underperformed the Banks industry 24.9%.
Return on Equity
High ROE: SBK's Return on Equity (10.6%) is considered low.
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
Financial Institutions Analysis
Asset Level: SBK's Assets to Equity ratio (11.4x) is moderate.
Allowance for Bad Loans: SBK has a low allowance for bad loans (69%).
Low Risk Liabilities: 71% of SBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: SBK has an appropriate level of Loans to Assets ratio (52%).
Low Risk Deposits: SBK's Loans to Deposits ratio (81%) is appropriate.
Level of Bad Loans: SBK has a high level of bad loans (5.5%).
What is Standard Bank Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBK's dividend (5.27%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: SBK's dividend (5.27%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).
Stability and Growth of Payments
Stable Dividend: SBK's dividend payments have been volatile in the past 10 years.
Growing Dividend: SBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.7%), SBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBK's dividends in 3 years are forecast to be covered by earnings (58.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sim Tshabalala (54 yo)
Mr. Simpiwe Kenneth Tshabalala, also known as Sim, BA, LLB, LLM, HDip Tax, AMP, serves as Group Chief Executive Officer and Executive Director of Standard Bank Group Limited since March 7, 2013. He serves...
CEO Compensation Analysis
Compensation vs Market: Sim's total compensation ($USD1.64M) is below average for companies of similar size in the ZA market ($USD2.58M).
Compensation vs Earnings: Sim's compensation has been consistent with company performance over the past year.
Experienced Management: SBK's management team is considered experienced (4.4 years average tenure).
Experienced Board: SBK's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SBK insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Standard Bank Group Limited's employee growth, exchange listings and data sources
- Name: Standard Bank Group Limited
- Ticker: SBK
- Exchange: JSE
- Founded: 1862
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: R216.860b
- Shares outstanding: 1.59b
- Website: https://www.standardbank.co.za
Number of Employees
- Standard Bank Group Limited
- Standard Bank Centre
- 9th Floor
- 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|