Financials FCMB Group Plc

Equities

FCMB

NGFCMB000005

Banks

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.85 NGN -2.14% Intraday chart for FCMB Group Plc -4.86% -7.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 37,427 36,635 65,943 59,210 76,240 135,649 135,649 -
Enterprise Value (EV) 1 37,427 36,635 65,943 59,210 76,240 146,540 135,649 135,649
P/E ratio 2.52 x 2.08 x 3.4 x 2.88 x 2.35 x 1.54 x 2.08 x 1.48 x
Yield 7.41% 7.57% 4.5% 6.69% 6.49% 6.47% 4.96% 9.27%
Capitalization / Revenue 334,829 x 341,997 x 515,245 x 461,383 x 280,575 x - - -
EV / Revenue 334,829 x 341,997 x 515,245 x 461,383 x 280,575 x - - -
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.2 x - 0.29 x 0.25 x 0.28 x 0.32 x 0.31 x 0.26 x
Nbr of stocks (in thousands) 19,802,711 19,802,711 19,802,711 19,802,711 19,802,711 19,802,711 19,802,711 -
Reference price 2 1.890 1.850 3.330 2.990 3.850 6.850 6.850 6.850
Announcement Date 3/28/19 1/30/20 3/26/21 1/26/22 1/30/23 1/26/24 - -
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 111,780 107,121 127,984 128,332 271,729 - - -
EBITDA - - - - - - - -
EBIT 1 32,556 22,829 43,638 31,391 174,147 322,186 358,001 412,402
Operating Margin 29.12% 21.31% 34.1% 24.46% 64.09% - - -
Earnings before Tax (EBT) 1 18,442 20,006 21,912 23,926 37,105 101,463 75,626 106,172
Net income 1 14,886 17,720 19,420 20,690 32,385 93,480 66,005 91,814
Net margin 13.32% 16.54% 15.17% 16.12% 11.92% - - -
EPS 2 0.7500 0.8900 0.9800 1.040 1.640 4.820 3.295 4.640
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1400 0.1400 0.1500 0.2000 0.2500 0.4433 0.3400 0.6350
Announcement Date 3/28/19 1/30/20 3/26/21 1/26/22 1/30/23 1/26/24 - -
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 8.04% 9.24% 9.2% 8.86% 12.7% 25.5% 16.9% 19%
ROA (Net income/ Total Assets) 1.14% 1.14% 1.1% 0.91% 1.18% 2.53% 1.45% 1.8%
Assets 1 1,308,862 1,549,905 1,765,424 2,270,187 2,733,831 3,697,053 4,552,069 5,100,778
Book Value Per Share 2 9.250 - 11.50 12.10 13.60 23.20 22.30 26.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/28/19 1/30/20 3/26/21 1/26/22 1/30/23 1/26/24 - -
1NGN in Million2NGN
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
HOLD
Number of Analysts
3
Last Close Price
6.85 NGN
Average target price
9.86 NGN
Spread / Average Target
+43.94%
Consensus

Annual profits - Rate of surprise

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