Financials KCB Group PLC

Equities

End-of-day quote Nairobi S.E. Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
34.15 ^KES	-2.15%		+6.72%	+55.94%

May. 23	KCB Group PLC Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
May. 22	Kenya's KCB Group first quarter pretax profit up 53%	RE

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	165,567	122,433	146,052	122,433	70,375	109,740	-	-
Enterprise Value (EV) ¹	165,567	122,433	146,052	122,433	70,375	109,740	109,740	109,740
P/E ratio	6.66 x	6.25 x	4.27 x	3 x	1.88 x	2.18 x	1.9 x	1.59 x
Yield	6.48%	2.62%	6.6%	5.25%	-	7.32%	10.7%	14.6%
Capitalization / Revenue	1.96 x	1.27 x	1.34 x	0.94 x	0.43 x	0.55 x	0.49 x	0.38 x
EV / Revenue	1.96 x	1.27 x	1.34 x	0.94 x	0.43 x	0.55 x	0.49 x	0.38 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.34 x	0.86 x	0.85 x	0.61 x	0.31 x	0.4 x	0.34 x	0.29 x
Nbr of stocks (in thousands)	3,066,063	3,213,463	3,213,463	3,213,463	3,213,463	3,213,463	-	-
Reference price ²	54.00	38.10	45.45	38.10	21.90	34.15	34.15	34.15
Announcement Date	3/12/20	3/17/21	3/16/22	3/15/23	3/20/24	-	-	-

¹KES in Million²KES

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	84,303	96,388	109,323	129,905	165,239	197,939	223,827	291,552
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	45,786	53,227	61,557	-	82,088	119,310	135,219	151,317
Operating Margin	54.31%	55.22%	56.31%	-	49.68%	60.28%	60.41%	51.9%
Earnings before Tax (EBT) ¹	36,897	25,719	47,815	57,331	48,452	78,650	90,356	96,972
Net income ¹	25,165	19,604	34,092	40,614	37,462	56,024	64,362	69,075
Net margin	29.85%	20.34%	31.18%	31.26%	22.67%	28.3%	28.76%	23.69%
EPS ²	8.110	6.100	10.64	12.71	11.66	15.67	18.02	21.50
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	3.500	1.000	3.000	2.000	-	2.500	3.667	5.000
Announcement Date	3/12/20	3/17/21	3/16/22	3/15/23	3/20/24	-	-	-

¹KES in Million²KES

Estimates

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)	20.7%	14.4%	22.4%	21.8%	17.5%	22.5%	21.7%	19.7%
ROA (Net income/ Total Assets)	3.12%	2.08%	3.2%	3.02%	1.94%	2.4%	2.4%	2.3%
Assets ¹	806,447	943,208	1,063,779	1,347,049	1,929,019	2,334,333	2,681,750	3,003,261
Book Value Per Share ²	40.40	44.30	53.40	62.30	71.10	85.50	100.0	118.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	3/12/20	3/17/21	3/16/22	3/15/23	3/20/24	-	-	-

¹KES in Million²KES

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

34.15 KES

Average target price

43.08 KES

Spread / Average Target

+26.16%

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