Kenyan (NSE) Banks Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies11
- 7D2.3%
- 3M15.1%
- 1Y14.7%
- YTD22.9%
Over the last 7 days, the Banks industry has risen 2.3%, driven by gains from KCB Group of 17%. During this same period, the Equity Group Holdings underperformed, falling 7.4%. In the last 12 months, the industry was up 15%. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Kenyan Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | KSh701.7b | KSh611.6b | KSh202.4b | 3.6x | 3.5x | 1.1x |
| Sat, 27 Apr 2024 | KSh674.5b | KSh606.8b | KSh192.8b | 3.8x | 3.5x | 1.1x |
| Mon, 25 Mar 2024 | KSh685.9b | KSh592.1b | KSh189.6b | 3.8x | 3.6x | 1.2x |
| Wed, 21 Feb 2024 | KSh592.4b | KSh588.9b | KSh192.3b | 3.5x | 3.1x | 1x |
| Fri, 19 Jan 2024 | KSh579.1b | KSh591.7b | KSh193.3b | 3.1x | 3x | 1x |
| Sun, 17 Dec 2023 | KSh564.8b | KSh590.8b | KSh193.0b | 3.1x | 2.9x | 1x |
| Tue, 14 Nov 2023 | KSh541.6b | KSh570.7b | KSh189.0b | 3.5x | 2.9x | 0.9x |
| Thu, 12 Oct 2023 | KSh584.9b | KSh570.5b | KSh189.0b | 3.9x | 3.1x | 1x |
| Sat, 09 Sep 2023 | KSh597.4b | KSh570.5b | KSh189.0b | 3.8x | 3.2x | 1x |
| Mon, 07 Aug 2023 | KSh641.4b | KSh559.3b | KSh187.2b | 3.9x | 3.4x | 1.1x |
| Wed, 05 Jul 2023 | KSh620.7b | KSh559.3b | KSh187.1b | 4.1x | 3.3x | 1.1x |
| Fri, 02 Jun 2023 | KSh611.2b | KSh547.7b | KSh182.0b | 4.2x | 3.4x | 1.1x |
| Sun, 30 Apr 2023 | KSh675.1b | KSh536.3b | KSh181.8b | 4.4x | 3.7x | 1.3x |
| Tue, 28 Mar 2023 | KSh653.3b | KSh512.8b | KSh180.7b | 3.4x | 3.6x | 1.3x |
| Thu, 23 Feb 2023 | KSh686.9b | KSh493.1b | KSh177.3b | 3.7x | 3.9x | 1.4x |
| Sat, 21 Jan 2023 | KSh673.0b | KSh491.0b | KSh176.7b | 3.8x | 3.8x | 1.4x |
| Mon, 19 Dec 2022 | KSh646.1b | KSh488.7b | KSh174.9b | 3.7x | 3.7x | 1.3x |
| Wed, 16 Nov 2022 | KSh635.2b | KSh469.8b | KSh166.7b | 3.8x | 3.8x | 1.4x |
| Fri, 14 Oct 2022 | KSh628.9b | KSh469.8b | KSh166.7b | 3.7x | 3.8x | 1.3x |
| Sun, 11 Sep 2022 | KSh671.8b | KSh469.8b | KSh166.7b | 4x | 4x | 1.4x |
| Tue, 09 Aug 2022 | KSh667.4b | KSh445.3b | KSh156.5b | 4.2x | 4.3x | 1.5x |
| Thu, 07 Jul 2022 | KSh619.4b | KSh445.5b | KSh156.2b | 3.8x | 4x | 1.4x |
| Sat, 04 Jun 2022 | KSh620.6b | KSh432.3b | KSh148.7b | 4x | 4.2x | 1.4x |
| Mon, 02 May 2022 | KSh635.4b | KSh426.4b | KSh145.2b | 4.5x | 4.4x | 1.5x |
| Wed, 30 Mar 2022 | KSh699.4b | KSh430.6b | KSh145.7b | 4.7x | 4.8x | 1.6x |
| Fri, 25 Feb 2022 | KSh696.5b | KSh391.1b | KSh128.8b | 5.4x | 5.4x | 1.8x |
| Sun, 23 Jan 2022 | KSh691.1b | KSh391.1b | KSh128.8b | 5.4x | 5.4x | 1.8x |
| Tue, 21 Dec 2021 | KSh667.3b | KSh387.8b | KSh127.7b | 5x | 5.2x | 1.7x |
| Thu, 18 Nov 2021 | KSh676.0b | KSh370.3b | KSh114.7b | 6x | 5.9x | 1.8x |
| Sat, 16 Oct 2021 | KSh672.9b | KSh360.5b | KSh112.0b | 6.2x | 6x | 1.9x |
| Mon, 13 Sep 2021 | KSh705.1b | KSh357.5b | KSh107.3b | 6.9x | 6.6x | 2x |
| Wed, 11 Aug 2021 | KSh688.2b | KSh364.4b | KSh107.4b | 6.6x | 6.4x | 1.9x |
| Sun, 06 Jun 2021 | KSh618.3b | KSh337.8b | KSh91.4b | 6.9x | 6.8x | 1.8x |
Price to Earnings Ratio
6.8x
Current Industry PE
- Investors are pessimistic on the Kenyan Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 3.5x which is lower than its 3-year average PE of 4.2x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Kenyan Financials industry?
| KE Market | -0.96% | |
| Financials | 2.27% | |
| Banks | 2.33% | |
| Diversified Banks | 2.33% | |
| Regional Banks | -0.22% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 3.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 4.2x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 28% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KCB KCB Group | KSh36.30 | 3.6% +KSh4.0b | 14.2% | PB0.5x | |
| NCBA NCBA Group | KSh41.40 | 3.5% +KSh2.3b | 15.0% | PB0.7x | |
| COOP Co-operative Bank of Kenya | KSh13.65 | 2.6% +KSh2.1b | 12.8% | PB0.6x | |
| IMH I&M Group | KSh19.25 | 6.4% +KSh1.9b | 13.9% | PB0.4x | |
| SCBK Standard Chartered Bank Kenya | KSh187.00 | 2.2% +KSh1.5b | 17.4% | PB1.2x |