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Equity Bank FY 2013 results PBT up 9%
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Angelica _ann
#11 Posted : Thursday, February 27, 2014 5:24:54 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
vestor wrote:
muganda wrote:
Total Assets up 14% to 277bn
Customer Deposits up 16% to 194bn
Loan Potfolio up 26% to 171 bn
Profit before tax up 9% to 19bn

EPS 3.59
Dividend 1.50


- Equity Cost Income ratio at 48% compared to KCB 54%
- Equity P/E ratio at 8.9 compared to KCB P/E of 9.3
- Loan portfolio just three-quarter's of KCB's
- Net provision for bad loans Equity at 2.4bn (up 50%) compared to KCB's 996m (down 53%) - who's fooling who?



Mwangi et al didnt see this coming, wait for revenge in the next battle

So Oigira has learnt fast though he has been in Finance long enough to know the corners.... I am moving from financials, disaster looming soon
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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vestor
#12 Posted : Thursday, February 27, 2014 5:32:12 PM
Rank: Member

Joined: 11/9/2010
Posts: 132
May tier II banks are a safe bet. For the big banks, the headroom is small and a totally new game needs to be discovered to break the ceiling, while tier II banks have an oversized room for growth
Angelica _ann wrote:
vestor wrote:
muganda wrote:
Total Assets up 14% to 277bn
Customer Deposits up 16% to 194bn
Loan Potfolio up 26% to 171 bn
Profit before tax up 9% to 19bn

EPS 3.59
Dividend 1.50


- Equity Cost Income ratio at 48% compared to KCB 54%
- Equity P/E ratio at 8.9 compared to KCB P/E of 9.3
- Loan portfolio just three-quarter's of KCB's
- Net provision for bad loans Equity at 2.4bn (up 50%) compared to KCB's 996m (down 53%) - who's fooling who?



Mwangi et al didnt see this coming, wait for revenge in the next battle

So Oigira has learnt fast though he has been in Finance long enough to know the corners.... I am moving from financials, disaster looming soon

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streetwise
#13 Posted : Thursday, February 27, 2014 5:38:32 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
This is scaring..if Equity goes then Kenya economy will be in trouble...critically discuss
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muganda
#14 Posted : Thursday, February 27, 2014 5:41:10 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
dunking wrote:
Compare this
E.P.S ---- 3.59 vs 4.82
D.P.S ---- 1.50 vs 2.00

Who is "fouling" who?


Ahem @dunkang
Not much value in comparing EPS and DPS figures, what is comparable is price/earnings and dividend yield respectively.

Price/Earnings - Equity 8.9 vs KCB 9.3
Dividend yield - Equity 4.7% vs KCB 4.5%
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dunkang
#15 Posted : Thursday, February 27, 2014 5:51:21 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
muganda wrote:
dunking wrote:
Compare this
E.P.S ---- 3.59 vs 4.82
D.P.S ---- 1.50 vs 2.00

Who is "fouling" who?


Ahem @dunkang
Not much value in comparing EPS and DPS figures, what is comparable is price/earnings and dividend yield respectively.

Price/Earnings - Equity 8.9 vs KCB 9.3
Dividend yield - Equity 4.7% vs KCB 4.5%

A P/E of 12 is acceptable to me, so both banks have some gaps to cover.

As for Div. Yield, if they increase the dividend payout ratio, growth funding takes a hit. A 5% Div yield is good for me though.
Receive with simplicity everything that happens to you.” ― Rashi

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Aguytrying
#16 Posted : Thursday, February 27, 2014 7:23:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
why the doom and gloom these are good results and equity will eventually overtake KCB as most profitable bank. id buy equity over KCB at current prices. plus equity's innovation will keep its growth faster over the long term.

but they are both great investments and KCB"s regional growth could keep it no. 1 for a while
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#17 Posted : Thursday, February 27, 2014 9:09:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
When is books close and payment date?
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#18 Posted : Thursday, February 27, 2014 10:57:19 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Equity bank CEO has confirmed that they are interested in acquiring YU
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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stocksmaster
#19 Posted : Thursday, February 27, 2014 11:35:53 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
Ericsson wrote:
Equity bank CEO has confirmed that they are interested in acquiring YU


Equity has its sights on the Safaricom-CBA partnership with Mshwari making CBA a real threat to Equity bank's market niche. But don't put it past Equity to jump in full throttle and even target safaricom's pay tv plans by developing similar business lines. Its however always risky when a company greatly diverges from its core competencies as it may loose focus of its corporate objectives.

Time will tell.

Happy hunting.
x handle: @stocksmaster79
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MaichBlack
#20 Posted : Friday, February 28, 2014 3:43:44 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
stocksmaster wrote:
Ericsson wrote:
Equity bank CEO has confirmed that they are interested in acquiring YU


Equity has its sights on the Safaricom-CBA partnership with Mshwari making CBA a real threat to Equity bank's market niche. But don't put it past Equity to jump in full throttle and even target safaricom's pay tv plans by developing similar business lines. Its however always risky when a company greatly diverges from its core competencies as it may loose focus of its corporate objectives.

Time will tell.

Happy hunting.

One word - SUBSIDIARIES! No one looses focus!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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