Financials CRDB Bank Plc

Equities

CRDB

TZ1996100305

Banks

End-of-day quote Tanzania S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
520 TZS +1.96% Intraday chart for CRDB Bank Plc +4.00% +13.04%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,91,776 2,48,125 5,09,309 7,31,315 10,31,676 12,01,446
Enterprise Value (EV) 1 1,47,186 -1,29,703 24,531 -2,04,518 3,72,458 11,53,013
P/E ratio 6.11 x 2.07 x 3.08 x 2.73 x 2.94 x 2.83 x
Yield 5.33% 17.9% 11.3% 12.9% 11.4% 10.9%
Capitalization / Revenue 0.74 x 0.38 x 0.71 x 0.81 x 0.98 x 0.97 x
EV / Revenue 0.28 x -0.2 x 0.03 x -0.23 x 0.35 x 0.93 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.51 x 0.28 x 0.5 x 0.6 x 0.7 x 0.69 x
Nbr of stocks (in thousands) 26,11,839 26,11,839 26,11,839 26,11,839 26,11,839 26,11,839
Reference price 2 150.0 95.00 195.0 280.0 395.0 460.0
Announcement Date 03/05/19 27/10/20 31/03/21 21/04/22 11/05/23 08/05/24
1TZS in Million2TZS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,27,997 6,56,167 7,20,616 9,00,715 10,52,511 12,43,922
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 99,117 1,74,685 2,36,171 3,87,366 4,97,709 5,98,651
Net income 1 64,132 1,20,145 1,65,186 2,68,161 3,51,407 4,24,690
Net margin 12.15% 18.31% 22.92% 29.77% 33.39% 34.14%
EPS 2 24.55 46.00 63.24 102.7 134.5 162.6
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 8.000 17.00 22.00 36.00 45.00 50.00
Announcement Date 03/05/19 27/10/20 31/03/21 21/04/22 11/05/23 08/05/24
1TZS in Million2TZS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,44,590 3,77,828 4,84,778 9,35,833 6,59,218 48,433
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 8.51% 14.6% 17.5% 24% 26% 25.9%
ROA (Net income/ Total Assets) 1.07% 1.9% 2.4% 3.35% 3.44% 3.39%
Assets 1 59,68,544 63,16,440 68,83,897 79,94,068 1,02,27,212 1,25,35,124
Book Value Per Share 2 296.0 334.0 387.0 467.0 566.0 665.0
Cash Flow per Share 2 269.0 286.0 300.0 441.0 492.0 512.0
Capex 1 92,542 36,345 94,909 70,229 47,496 80,877
Capex / Sales 17.53% 5.54% 13.17% 7.8% 4.51% 6.5%
Announcement Date 03/05/19 27/10/20 31/03/21 21/04/22 11/05/23 08/05/24
1TZS in Million2TZS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
520 TZS
Average target price
811 TZS
Spread / Average Target
+55.96%
Consensus

Chiffre d''affaires - Rate of surprise

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