Financials Standard Bank Group Limited

Equities

SBK

ZAE000109815

Banks

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
172.8 ZAR +0.19% Intraday chart for Standard Bank Group Limited +3.15% -16.95%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 269,088 202,206 222,440 276,597 345,043 286,392 - -
Enterprise Value (EV) 1 269,088 202,206 222,440 276,597 345,043 286,392 286,392 286,392
P/E ratio 10.6 x 16.4 x 9 x 8.01 x 7.9 x 6.44 x 6.02 x 5.5 x
Yield 5.91% 1.89% 6.22% 7.19% - 8.91% 9.7% 10.6%
Capitalization / Revenue 2.44 x 1.86 x 1.96 x 2.07 x 1.94 x 1.54 x 1.46 x 1.36 x
EV / Revenue 2.44 x 1.86 x 1.96 x 2.07 x 1.94 x 1.54 x 1.46 x 1.36 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.57 x 1.07 x 1.12 x 1.26 x - 1.1 x 1.02 x 0.93 x
Nbr of stocks (in thousands) 1,598,671 1,591,174 1,588,743 1,648,470 1,658,062 1,657,074 - -
Reference price 2 168.3 127.1 140.0 167.8 208.1 172.8 172.8 172.8
Announcement Date 3/5/20 3/11/21 3/11/22 3/8/23 3/14/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 110,461 108,581 113,556 133,354 177,616 186,180 196,453 210,131
EBITDA - - - - - - - -
EBIT 1 48,126 44,346 50,295 60,080 65,442 81,722 84,561 87,493
Operating Margin 43.57% 40.84% 44.29% 45.05% 36.84% 43.89% 43.04% 41.64%
Earnings before Tax (EBT) 1 43,847 20,880 41,232 54,928 69,741 63,350 66,843 69,496
Net income 1 25,443 12,358 24,865 34,637 44,211 44,919 48,180 55,550
Net margin 23.03% 11.38% 21.9% 25.97% 24.89% 24.13% 24.52% 26.44%
EPS 2 15.85 7.750 15.55 20.96 26.35 26.86 28.70 31.44
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 9.940 2.400 8.710 12.07 - 15.40 16.76 18.32
Announcement Date 3/5/20 3/11/21 3/11/22 3/8/23 3/14/24 - - -
1ZAR in Million2ZAR
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) 16.8% 8.59% 13.5% 16.6% - 18.3% 18.2% 18.2%
ROA (Net income/ Total Assets) 1.99% 0.66% 0.95% 1.23% - 1.46% 1.44% 1.42%
Assets 1 1,277,323 1,863,390 2,629,381 2,804,842 - 3,087,202 3,341,185 3,917,462
Book Value Per Share 2 107.0 119.0 125.0 134.0 - 157.0 170.0 185.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/5/20 3/11/21 3/11/22 3/8/23 3/14/24 - - -
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
OUTPERFORM
Number of Analysts
10
Last Close Price
172.8 ZAR
Average target price
217 ZAR
Spread / Average Target
+25.56%
Consensus

Annual profits - Rate of surprise

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