Financials KCB Group PLC

Equities

End-of-day quote Nairobi S.E. Other stock markets 03:30:00 03/05/2024 am IST			5-day change	1st Jan Change
29.5 ^KES	+0.68%		-2.16%	+34.70%

21/03	KCB Group PLC Reports Earnings Results for the Full Year Ended December 31, 2023	CI
20/03	Access Holdings Plc agreed to acquire National Bank of Kenya Limited from KCB Group PLC.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	1,14,824	1,65,567	1,22,433	1,46,052	1,22,433	94,797	94,797	-
Enterprise Value (EV) ¹	1,14,824	1,65,567	1,22,433	1,46,052	1,22,433	70,375	94,797	94,797
P/E ratio	4.78 x	6.66 x	6.25 x	4.27 x	3 x	1.88 x	1.95 x	1.66 x
Yield	9.35%	6.48%	2.62%	6.6%	5.25%	6.78%	7.91%	12.4%
Capitalization / Revenue	1.6 x	1.96 x	1.27 x	1.34 x	0.94 x	0.43 x	0.47 x	0.41 x
EV / Revenue	1.6 x	1.96 x	1.27 x	1.34 x	0.94 x	0.43 x	0.47 x	0.41 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.01 x	1.34 x	0.86 x	0.85 x	0.61 x	0.4 x	0.34 x	0.29 x
Nbr of stocks (in thousands)	30,66,063	30,66,063	32,13,463	32,13,463	32,13,463	32,13,463	32,13,463	-
Reference price ²	37.45	54.00	38.10	45.45	38.10	29.50	29.50	29.50
Announcement Date	06/03/19	12/03/20	17/03/21	16/03/22	15/03/23	21/03/24	-	-

¹KES in Million²KES

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	71,804	84,303	96,388	1,09,323	1,29,905	1,65,239	2,00,015	2,28,478
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	36,803	45,786	53,227	61,557	-	82,088	1,08,900	1,28,067
Operating Margin	51.26%	54.31%	55.22%	56.31%	-	49.68%	54.45%	56.05%
Earnings before Tax (EBT) ¹	33,859	36,897	25,719	47,815	57,331	48,452	73,938	87,698
Net income ¹	23,995	25,165	19,604	34,092	40,614	37,462	52,667	62,469
Net margin	33.42%	29.85%	20.34%	31.18%	31.26%	22.67%	26.33%	27.34%
EPS ²	7.830	8.110	6.100	10.64	12.71	11.66	15.15	17.72
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	3.500	3.500	1.000	3.000	2.000	2.000	2.333	3.667
Announcement Date	06/03/19	12/03/20	17/03/21	16/03/22	15/03/23	21/03/24	-	-

¹KES in Million²KES

Estimates

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)	21.9%	20.7%	14.4%	22.4%	21.8%	19.7%	20.5%	20.6%
ROA (Net income/ Total Assets)	3.53%	3.12%	2.08%	3.2%	3.02%	2.3%	2.3%	2.4%
Assets ¹	6,80,496	8,06,447	9,43,208	10,63,779	13,47,049	18,67,826	22,89,870	26,02,875
Book Value Per Share ²	37.10	40.40	44.30	53.40	62.30	73.50	87.00	101.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	06/03/19	12/03/20	17/03/21	16/03/22	15/03/23	21/03/24	-	-

¹KES in Million²KES

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

29.5 KES

Average target price

51.24 KES

Spread / Average Target

+73.68%

	1st Jan change	Capi.
KCB GROUP PLC	+34.70%	707M
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CRÉDIT AGRICOLE S.A.	+14.92%	48.14B
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INVEST BANK	-96.60%	32.24B