Financials Wema Bank PLC

Equities

WEMABANK

NGWEMABANK07

Banks

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.25 NGN -6.72% Intraday chart for Wema Bank PLC -12.59% +11.61%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 24,302 28,545 26,616 27,774 50,147 72,006
Enterprise Value (EV) 1 15,866 -93,803 -75,641 -47,941 2,352 -67,773
P/E ratio 7.31 x 5.49 x 5.81 x 3.11 x 4.42 x 2 x
Yield 4.76% 5.41% 5.8% 11.1% 7.69% 8.93%
Capitalization / Revenue 0.65 x 0.65 x 0.63 x 0.49 x 0.67 x 0.59 x
EV / Revenue 0.42 x -2.13 x -1.8 x -0.85 x 0.03 x -0.55 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.48 x 0.52 x 0.45 x 0.4 x 0.61 x 0.52 x
Nbr of stocks (in thousands) 12,858,155 12,858,155 12,858,155 12,858,155 12,858,155 12,858,155
Reference price 2 1.890 2.220 2.070 2.160 3.900 5.600
Announcement Date 3/29/19 4/22/20 4/27/21 4/5/22 4/27/23 4/4/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 37,358 44,057 41,982 56,557 74,438 122,429
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 4,798 6,760 5,932 12,377 14,884 43,664
Net income 1 3,326 5,200 4,577 8,927 11,352 35,989
Net margin 8.9% 11.8% 10.9% 15.78% 15.25% 29.4%
EPS 2 0.2587 0.4044 0.3560 0.6942 0.8829 2.799
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0900 0.1200 0.1200 0.2400 0.3000 0.5000
Announcement Date 3/29/19 4/22/20 4/27/21 4/5/22 4/27/23 4/4/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8,436 122,349 102,257 75,715 47,794 139,779
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 6.62% 9.81% 8.01% 13.8% 14.9% 32.4%
ROA (Net income/ Total Assets) 0.76% 0.86% 0.54% 0.83% 0.87% 1.95%
Assets 1 438,206 602,403 847,820 1,077,566 1,308,736 1,845,115
Book Value Per Share 2 3.960 4.290 4.600 5.460 6.420 10.80
Cash Flow per Share 2 3.280 5.130 7.580 8.530 7.490 17.10
Capex 1 3,687 4,673 3,420 3,783 6,616 15,437
Capex / Sales 9.87% 10.61% 8.15% 6.69% 8.89% 12.61%
Announcement Date 3/29/19 4/22/20 4/27/21 4/5/22 4/27/23 4/4/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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