Zambia National Commercial Bank Plc provides banking and financial services in Zambia.
Price History & Performance
|Historical stock prices|
|Current Share Price||K0.95|
|52 Week High||K0|
|52 Week Low||K0|
|1 Month Change||0%|
|3 Month Change||11.77%|
|1 Year Change||90.00%|
|3 Year Change||10.47%|
|5 Year Change||7.95%|
|Change since IPO||147.40%|
Recent News & Updates
|ZANACO||ZM Banks||ZM Market|
Return vs Industry: ZANACO exceeded the ZM Banks industry which returned 23.5% over the past year.
Return vs Market: ZANACO exceeded the ZM Market which returned 44.7% over the past year.
Stable Share Price: Insufficient data to determine ZANACO's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine ZANACO's volatility change over the past year.
About the Company
Zambia National Commercial Bank Plc provides banking and financial services in Zambia. It operates through three segments: Retail Banking, Corporate Banking, and Treasury Management. It offers savings, current, transaction, fixed deposit, and development organization accounts.
Zambia National Commercial Bank Fundamentals Summary
|ZANACO fundamental statistics|
Is ZANACO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ZANACO income statement (TTM)|
|Cost of Revenue||K39.55m|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
Mar 10, 2022
|Earnings per share (EPS)||0.14|
|Net Profit Margin||9.56%|
How did ZANACO perform over the long term?See historical performance and comparison
6.0%Current Dividend Yield
Is Zambia National Commercial Bank 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: ZANACO (ZMW0.95) is trading above our estimate of fair value (ZMW0.4)
Significantly Below Fair Value: ZANACO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ZANACO's PE Ratio (6.6x) is in line with the African Banks industry average.
PE vs Market: ZANACO is poor value based on its PE Ratio (6.6x) compared to the ZM market (5.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ZANACO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ZANACO is overvalued based on its PB Ratio (1.2x) compared to the XF Banks industry average (0.9x).
How is Zambia National Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zambia National Commercial Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Zambia National Commercial Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZANACO has high quality earnings.
Growing Profit Margin: ZANACO's current net profit margins (9.6%) are lower than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: ZANACO's earnings have grown significantly by 22.6% per year over the past 5 years.
Accelerating Growth: ZANACO's earnings growth over the past year (3.3%) is below its 5-year average (22.6% per year).
Earnings vs Industry: ZANACO earnings growth over the past year (3.3%) underperformed the Banks industry 11%.
Return on Equity
High ROE: ZANACO's Return on Equity (17.6%) is considered low.
How is Zambia National Commercial Bank'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: ZANACO's Assets to Equity ratio (16.5x) is moderate.
Allowance for Bad Loans: ZANACO has a low allowance for bad loans (63%).
Low Risk Liabilities: 86% of ZANACO's liabilities are made up of primarily low risk sources of funding.
Loan Level: ZANACO has an appropriate level of Loans to Assets ratio (39%).
Low Risk Deposits: ZANACO's Loans to Deposits ratio (48%) is appropriate.
Level of Bad Loans: ZANACO has a high level of bad loans (6%).
What is Zambia National Commercial Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ZANACO's dividend (6%) is higher than the bottom 25% of dividend payers in the ZM market (2.08%).
High Dividend: ZANACO's dividend (6%) is low compared to the top 25% of dividend payers in the ZM market (9.38%).
Stability and Growth of Payments
Stable Dividend: ZANACO's dividend payments have been volatile in the past 10 years.
Growing Dividend: ZANACO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.8%), ZANACO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ms. Mukwandi Chibesakunda serves as Chief Executive Officer at Zambia National Commercial Bank Plc. She served as Head of Personal and Business Banking at Stanbic Bank Zambia Ltd. She is a Past President o...
Experienced Management: ZANACO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: ZANACO's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Zambia National Commercial Bank Plc's employee growth, exchange listings and data sources
- Name: Zambia National Commercial Bank Plc
- Ticker: ZANACO
- Exchange: LUSE
- Founded: 1969
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: K1.372b
- Shares outstanding: 1.44b
- Website: https://www.zanaco.co.zm
Number of Employees
- Zambia National Commercial Bank Plc
- PO Box 33611
- Cairo Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 18:02|
|End of Day Share Price||2021/10/19 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.