Financials Absa Group Limited

Equities

ABG

ZAE000255915

Banks

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
141.3 ZAR +2.18% Intraday chart for Absa Group Limited +0.95% -13.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 124,099 99,319 126,613 161,047 143,441 117,179 - -
Enterprise Value (EV) 1 124,099 99,319 126,613 161,047 143,441 117,179 117,179 117,179
P/E ratio 7.89 x 12.7 x 7.14 x 7.94 x - 5.22 x 4.6 x 4.21 x
Yield 7.54% - 5.15% 6.7% - 10.6% 12% 12.9%
Capitalization / Revenue 1.55 x 1.22 x 1.47 x 1.63 x 1.37 x 1.04 x 0.99 x 0.93 x
EV / Revenue 1.55 x 1.22 x 1.47 x 1.63 x 1.37 x 1.04 x 0.99 x 0.93 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.18 x 0.91 x 0.98 x 1.19 x - 0.77 x 0.71 x 0.66 x
Nbr of stocks (in thousands) 831,205 828,628 829,979 830,567 876,192 829,055 - -
Reference price 2 149.3 119.9 152.6 193.9 163.7 141.3 141.3 141.3
Announcement Date 3/11/20 3/15/21 3/14/22 3/12/23 3/10/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 79,961 81,382 85,906 98,874 104,530 112,144 118,851 126,109
EBITDA - - - - - - - -
EBIT 1 31,711 33,568 38,461 47,967 - 49,197 50,670 52,829
Operating Margin 39.66% 41.25% 44.77% 48.51% - 43.87% 42.63% 41.89%
Earnings before Tax (EBT) 1 24,116 12,963 26,724 30,802 - 32,989 37,246 39,753
Net income 1 16,003 7,912 17,763 20,555 - 22,768 26,168 28,466
Net margin 20.01% 9.72% 20.68% 20.79% - 20.3% 22.02% 22.57%
EPS 2 18.92 9.402 21.36 24.43 - 27.08 30.76 33.56
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 11.25 - 7.850 13.00 - 14.96 16.97 18.23
Announcement Date 3/11/20 3/15/21 3/14/22 3/12/23 3/10/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1
Net sales 1 40,890 40,078 41,304 41,210 44,676 46,945 51,929 52,307
EBITDA - - - - - - - -
EBIT - 17,422 16,146 - - - - -
Operating Margin - 43.47% 39.09% - - - - -
Earnings before Tax (EBT) - - 10,210 - - - - -
Net income - 1,443 - 8,607 - - - -
Net margin - 3.6% - 20.89% - - - -
EPS - - - - - - - -
Dividend per Share - - - 3.100 - - - -
Announcement Date 3/11/20 8/24/20 3/15/21 8/16/21 3/14/22 8/17/22 3/12/23 8/14/23
1ZAR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 15.8% 7.2% 14.5% 15.6% - 15.1% 15.7% 15.9%
ROA (Net income/ Total Assets) 1.2% 0.52% 1.12% 1.18% - 1.17% 1.19% 1.19%
Assets 1 1,333,583 1,521,538 1,585,982 1,741,949 - 1,949,354 2,202,685 2,392,073
Book Value Per Share 2 126.0 131.0 156.0 163.0 - 183.0 199.0 215.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/11/20 3/15/21 3/14/22 3/12/23 3/10/24 - - -
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
141.3 ZAR
Average target price
189 ZAR
Spread / Average Target
+33.75%
Consensus

Quarterly revenue - Rate of surprise

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