Financials Absa Bank Kenya PLC

Equities

ABSA

KE0000000067

Banks

End-of-day quote Nairobi S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
13.35 KES +0.38% Intraday chart for Absa Bank Kenya PLC +4.30% +16.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 72,511 52,469 64,364 66,808 62,191 72,511 -
Enterprise Value (EV) 1 72,511 52,469 64,364 66,808 62,191 72,511 72,511
P/E ratio 9.74 x 12.5 x 5.93 x 4.57 x 3.8 x 3.5 x 3.13 x
Yield 8.24% - 9.28% 11% - 12.7% 13.5%
Capitalization / Revenue 2,147,402 x 1,519,880 x 1,773,105 x 1,473,714 x - - -
EV / Revenue 2,147,402 x 1,519,880 x 1,773,105 x 1,473,714 x - - -
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.6 x - 1.14 x - - - -
Nbr of stocks (in thousands) 5,431,536 5,431,536 5,431,536 5,431,536 5,431,536 5,431,536 -
Reference price 2 13.35 9.660 11.85 12.30 11.45 13.35 13.35
Announcement Date 5/28/20 3/25/21 5/9/22 5/3/23 3/18/24 - -
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 33,767 34,522 36,300 45,333 - - -
EBITDA - - - - - - -
EBIT 16,482 17,875 19,636 26,673 - - -
Operating Margin 48.81% 51.78% 54.09% 58.84% - - -
Earnings before Tax (EBT) - - 15,549 20,849 23,678 - -
Net income 7,456 4,162 10,870 14,587 - - -
Net margin 22.08% 12.06% 29.94% 32.18% - - -
EPS 1 1.370 0.7700 2.000 2.690 3.010 3.810 4.270
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 1 1.100 - 1.100 1.350 - 1.700 1.800
Announcement Date 5/28/20 3/25/21 5/9/22 5/3/23 3/18/24 - -
1KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,953 19,258 10,289 21,880 20,685 20,497
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 16.8% 16.7% 9.08% 21.1% 24.3% 24.6%
ROA (Net income/ Total Assets) 2.48% 2.13% 1.1% 2.69% 3.22% 3.28%
Assets 1 298,443 350,113 377,186 404,089 452,984 498,523
Book Value Per Share 2 8.140 8.320 8.560 10.40 11.70 12.70
Cash Flow per Share 2 4.770 2.010 2.110 1.980 3.020 2.650
Capex 1 428 218 555 420 456 320
Capex / Sales 1.54% 0.74% 2.18% 1.3% 1.15% 0.71%
Announcement Date 4/30/19 3/23/20 5/17/21 5/9/22 5/3/23 4/23/24
1KES in Million2KES
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
13.35 KES
Average target price
15.03 KES
Spread / Average Target
+12.61%
Consensus

Annual profits - Rate of surprise

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