Co-operative Bank of Kenya Ltd.
http://www.co-opbank.co.ke
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Par Value: 1/-
Closing Price: 16.60
Total Shares Issued: 3,492,369,920
Market Capitalization: 57,973M
EPS: 0.85
PE: 19.529
The Co-operative Bank of Kenya Limited ('the Bank') is incorporated in Kenya under the Companies Act and is licensed to do the business of banking under the Banking Act.
Swot Analysis Full Year Results Dec 2009 versus Dec 2008
Kenya Government Securities 22.081293b versus 9.131520b +141.813%
Loans and Advances Net 62.274194b versus 52.908544b +17.7%
Total Assets 110.678092b versus 83.485855b +32.571%
Customer Deposits 91.518733b versus 65.853725b +38.972%
Total Interest Income 9.063627b versus 7.424647b
Total Operating Income 11.718186b versus 9.650673b +22.07%
Staff Costs 3.844312b versus 2.933547b +31.04%
PAT 2.967963b versus 2.373938b +25.022%
NET NPLs 887.252m versus 191.255m +363.91%
EPS 0.85 versus 0.80
Dividend 0.20 versus 0.10 +100%
Conlusions
At a PE of 11.882 and having hiked the Dividend 100%, Local Investors will support the Price above 10.00. Clearly there has been a spike in the NET NPLs which crimped the Full Year Earnings when compared to the Run Rate at the End of Quarter 3 2009. Big Increase in Kenya Government Securities which will provide further Mark to Market Q1 2010. It has an Attractive and growing FootPrint and a Captive Customer Base in the SACCO Space. |
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Average Price Over the last 5 Weeks
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Average Price Over the last 5 Months
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No. Of Shares Traded Over the last 5 Weeks
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No. Of Shares Traded Over the last 5 Months
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Market Capitalization Over the last 5 Weeks
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Market Capitalization Over the last 5 Months
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Data Source: Nairobi Stock Exchange
Trading Day: 09 Sep 2010
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