Financials Zambia National Commercial Bank Plc

Equities

ZANACO

ZM0000000250

Banks

End-of-day quote Lusaka S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.49 ZMW 0.00% Intraday chart for Zambia National Commercial Bank Plc 0.00% +70.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,213 721.9 678.6 2,743 4,606 5,486
Enterprise Value (EV) 1 -1,075 -1,906 -2,626 -541.1 -1,272 -299.9
P/E ratio 6.6 x 3.61 x 3.28 x 2.77 x 3.95 x 3.16 x
Yield 3.02% 10.4% 12.1% 13.3% 9.15% 11.3%
Capitalization / Revenue 0.83 x 0.46 x 0.31 x 0.77 x 1.24 x 1.06 x
EV / Revenue -0.74 x -1.21 x -1.21 x -0.15 x -0.34 x -0.06 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.48 x 0.78 x 0.58 x 1.34 x 1.61 x 1.29 x
Nbr of stocks (in thousands) 1,443,750 1,443,750 1,443,750 1,443,750 1,443,750 1,443,750
Reference price 2 0.8400 0.5000 0.4700 1.900 3.190 3.800
Announcement Date 2/28/19 4/2/20 3/10/21 3/9/22 3/7/23 3/12/24
1ZMW in Million2ZMW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,453 1,569 2,162 3,574 3,715 5,191
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 290.3 325.8 354.2 1,588 1,732 2,706
Net income 1 183.7 200.1 206.7 990.3 1,167 1,738
Net margin 12.64% 12.75% 9.56% 27.71% 31.41% 33.49%
EPS 2 0.1273 0.1386 0.1431 0.6859 0.8083 1.204
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0254 0.0520 0.0570 0.2520 0.2920 0.4290
Announcement Date 2/28/19 4/2/20 3/10/21 3/9/22 3/7/23 3/12/24
1ZMW in Million2ZMW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,288 2,628 3,304 3,284 5,878 5,786
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 19.9% 22.9% 19.7% 61.4% 47.6% 48.9%
ROA (Net income/ Total Assets) 1.82% 1.78% 1.32% 4.36% 3.77% 4.31%
Assets 1 10,079 11,250 15,613 22,722 30,979 40,326
Book Value Per Share 2 0.5700 0.6400 0.8100 1.420 1.980 2.950
Cash Flow per Share 2 1.960 1.890 2.840 2.620 4.420 4.430
Capex 1 178 170 67.2 126 90.7 170
Capex / Sales 12.25% 10.86% 3.11% 3.54% 2.44% 3.28%
Announcement Date 2/28/19 4/2/20 3/10/21 3/9/22 3/7/23 3/12/24
1ZMW in Million2ZMW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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