Par Value: 0.50/-
Closing Price: 28.10
Total Shares Issued: 3773674802.00
Market Capitalization: 106,040,261,936
Equity Group HY Earnings through 30th June 2020 versus through 30th June 2019
HY Total Assets 746.469073b versus 638.662575b
HY Loans and Advances [Net] to Customers 391.633218b versus 320.886253b
HY Net Interest Income 24.635221b versus 21.079251b
HY Total Non Interest Income 14.400233b versus 16.543334b
HY Total Operating Income 39.035454b versus 37.622585b
HY Loan Loss 8.022277b versus 0.918498b
HY Total Operating Expenses 27.057962b versus 20.633530b
HY Profit before Tax 11.977492b versus 16.989055b
HY PAT 9.022117b versus 11.919475b
HY Gross NPLs 45.550316b versus 29.243130b
HY Loan Loss Provision 23.448035b versus 16.214226b
HY Net NPLs 0.568172b versus 1.045227b
a 773.4% y-o-y rise in loan loss provision expense to KES 8.0 BN which placed the cost of risk for the period at 2.0%.
Operating profit before provisions rose 11.7% y-o-y
Non-interest income declined 13.0% y-o-y to KES 14.4 BN on the back of an 8.0% y-o-y decline in fees and commissions to KES 9.2 BN and a 36.7% y-o-y decline in other operating income to KES 2.9 BN.
Net forex income rose 20.0% y-o-y to KES 2.2 BN.
Gross NPLs rose 55.8% y-o-y to KES 45.6 BN (+2.0% q-o-q) whereas loan loss provision rose 72.7% y-o-y to KES 16.3 BN (+8.2% q-o-q).
Consequently NPL ratio rose 207 bps y-o-y to 10.4% whereas NPL coverage rose 422 bps y-o-y to 41.0%.
On a trailing basis, Equity is trading at a P/E of 5.9x and a P/B of 0.9x against sector median multiples of 4.8x and 0.6x.