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FULL YEAR 2012 BANKING SECTOR VALUATION
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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PRICE TO BOOK VALUENIC - 1.72 BBK - 3.19 HFCK - 0.94 EQTY - 2.59 KCB - 2.13 COOP - 2.07 PRICE TO EARNINGS RATIONIC - 8.13 BBK - 10.78 HFCK - 6.37 EQTY - 9.20 KCB - 9.31 COOP - 8.04 DIVIDEND YIELDNIC - 2% BBK - 5.8% HFCK - 6.8% EQTY - 4.2% KCB - 5% COOP - 3.4% RETURN ON ASSETSNIC - 2.8% BBK - 4.7% HFCK - 1.8% EQTY - 5% KCB - 3.3% COOP - 3.8% RETURN ON EQUITYNIC - 19.6% BBK - 29.5% HFCK - 14.5% EQTY - 28.1% KCB - 22.9% COOP - 25.7% LOAN BOOK QUALITY (GROSS NPLs/Loans Advanced)NIC - 4.8% BBK - 3.6% HFCK - 7.7% EQTY - 3.3% KCB - 7.0% COOP - 5.2% Nani mshindi? Discuss  PS: If you encounter any errors, please do not hesitate to correct themGOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Obvious one for me is HFCK.The P/B would have done it for me.Although I hate their dividend yield,great NPL.Their ROA and ROE,I'm thinking they focus on long-term so don't mind it.Reviews? Uncertainty is certain.Let go
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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ChessMaster wrote:Obvious one for me is HFCK.The P/B would have done it for me.Although I hate their dividend yield,great NPL.Their ROA and ROE,I'm thinking they focus on long-term so don't mind it.Reviews? It is actually bad i.e the higher the worse, the lower the better GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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youcan'tstopusnow wrote:ChessMaster wrote:Obvious one for me is HFCK.The P/B would have done it for me.Although I hate their dividend yield,great NPL.Their ROA and ROE,I'm thinking they focus on long-term so don't mind it.Reviews? It is actually bad i.e the higher the worse, the lower the better But what assets will they be left holding? Lets work with it then,next in line would be COOP. Uncertainty is certain.Let go
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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HF comes out top in three metrics and bottom in the rest. If you were to come up with your very own tallying system for every valuation metric, assigning 1 points for being 6th, and 6 points for being 1st, some of the results are somewhat surprising... Anyway, I would also lean in favour of HFCK on account of its low P/B, which is way below the 2.1 average of the six, not to mention its exciting housing projects. mwekezaji, any comments on the low ROA and ROE of HF? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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ChessMaster wrote:youcan'tstopusnow wrote:ChessMaster wrote:Obvious one for me is HFCK.The P/B would have done it for me.Although I hate their dividend yield,great NPL.Their ROA and ROE,I'm thinking they focus on long-term so don't mind it.Reviews? It is actually bad i.e the higher the worse, the lower the better But what assets will they be left holding? Lets work with it then,next in line would be COOP. I didn't quite get you there. I was pointing out that HFCK has the highest Non Performing Loans as a proportion of total loans advanced, as opposed to say, Equity which has the lowest Non Performing Loans as a proportion of total loans advanced. Thus we would say Equity has the 'cleanest' books among the five. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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I think tallying that way would exclude some finer details to be considered. When it comes to dividend yield I don't like companies giving out money they should be reinvesting. Uncertainty is certain.Let go
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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youcan'tstopusnow wrote:ChessMaster wrote:youcan'tstopusnow wrote:ChessMaster wrote:Obvious one for me is HFCK.The P/B would have done it for me.Although I hate their dividend yield,great NPL.Their ROA and ROE,I'm thinking they focus on long-term so don't mind it.Reviews? It is actually bad i.e the higher the worse, the lower the better But what assets will they be left holding? Lets work with it then,next in line would be COOP. I didn't quite get you there. I was pointing out that HFCK has the highest Non Performing Loans as a proportion of total loans advanced, as opposed to say, Equity which has the lowest Non Performing Loans as a proportion of total loans advanced. Thus we would say Equity has the 'cleanest' books among the five. If the loans are advanced with real estate as security,I think they are in a good position.My thoughts,they can dispose them and recover their interests or since someone was invested in it, s/he will be tempted to come back to it. Uncertainty is certain.Let go
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Rank: Member Joined: 3/26/2012 Posts: 830
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Where are CFC Stanbic and Diamond Trust Bank?...am a fan of both A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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S.Mutaga III wrote:Where are CFC Stanbic and Diamond Trust Bank?...am a fan of both Can I also suggest we add insurance.Financials will be a heated and well needed debate IMO. Uncertainty is certain.Let go
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FULL YEAR 2012 BANKING SECTOR VALUATION
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