The 53% growth seems to have been factored already by the market. Its commendable that Equity is posting almost identical results to KCB with just half the size of KCB's balance sheet.

Going forward, Equity is destined to post an EPS of Ksh 1.75 for 2010, thus a forward P/E of about 15 at current prices. This seems like a fair valuation for Equity at current prices.

Happy hunting

This is an awesome set of results, for a big league bank, notwithstanding the lack of excitement in reaction to the results. There has been heavy selling and I am not surprised by the lack of reaction as long as would be buyers perceive that they can get it at current price for some time.

Traditionally, Equity has traded at a higher forward PE than any of the other big banks, so I expect it to pick up within the next 2-3 months. If the NSE remains bullish, a historical PE ratio of 20 (following full year 2010 results) is feasible, and hence a price of 35 should be achievable.

Results zinaendelea kuingia...

http://www.nation.co.ke/...2/-/f0mmtxz/-/index.html

@mwanahisa
So what would be your estimated share price as of March 2011?

Dr. Mwangi's stewardship is proving the doughting Thomases wrong. This dude's cabinet must be bursting with awards..