Tanzanian stock report - National Microfinace Bank

TANZA

National Microfinace Bank closes at 5.2% above VWP June 21, 2017 14:00 EAT

NEWS BITES - AFRICA

National Microfinace Bank PLC (DSE:NMB), Tanzania's largest Bank by market cap, was unchanged to close at TZS2,750.0. Compared with the Tanzania Share Index which fell 10.3 points (0.3%) in the day, the relative price increase was 0.3%. The volume was 0.01 times the average daily trading volume of 125,598 shares. The price is at a premium of 5.2% to the 1-month volume weighted average price of TZS2,613.33. Given that this premium has been under 5.2% eighty-three times and over 5.2% twenty-two times in the last year, the downside:upside probability is estimated at 83:22 or 3.8:1.

SECTION 1

NATIONAL MICROFINACE BANK BULLISH SIGNALS

1.1 Technicals:

+ The present value of Sh1,000 (PV1000) invested one year ago in National Microfinace Bank is TZS1,618, for a capital gain of TZS618.

PV10001-week1-month1-year
NMB.DSE1,0001,0001,618
Tanzania Share Index1,0491,014929

1.2 High Performance Indicator:

DescriptionValueRank In Market
Price/MAP2001.02In Top Quartile

SECTION 2

NATIONAL MICROFINACE BANK BEARISH SIGNALS

2.1 Technicals:

+ The 1.8% discount to 12-month high of TZS2,800.0 against the 71.9% premium to 12-month low of TZS1,600.0 suggests the climb might be peaking.

+ The present value of TZS1,000 (PV1000) invested three years ago in National Microfinace Bank is TZS702, for a capital loss of TZS298.

+ 3 years Multiplier in TZS = 0.702x

+ Compound Annual Growth Rate (CAGR) in TZS = -11.0%

Present Value of USD1,000 invested 3 years ago:

+ The present value of USD1,000 (PV1000) invested three years ago in National Microfinace Bank is $US468, for a capital loss of $US532.

+ 3 years ago USD 1 equalled TZS 1,666.6667

+ 3 years Multiplier in USD = 0.468x

+ Compound Annual Growth Rate (CAGR) in USD = -22.2%

Jun 21, 2017: USD 1 equals TZS 2,500

2.2 Low Performance Indicator:

DescriptionValueRank In Market
Volatility %17.5In Bottom 1%

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Momentum:

+ Volume: there were 1,193 shares worth TZS3.1 million (US$1,247) traded today. The volume was 0.01 times the average daily trading volume of 125,598 shares.

3.2 Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverTZS3.1 million (US$1,247)In 2nd Quartile

3.3 Turnover Rate & Turnover Period:

+ The turnover rate in the 12 months to date was 6.6% (or a turnover period of 15 years 40 days).

3.4 Month-on-Month Comparison (Trailing Month - ended 20th)

20 Jun19 May20 Apr20 Mar20 Feb20 Jan
Price 20 Jun (TZS)2,7502,7502,7502,7502,7502,750
Avg Daily Volume213,024214,027247,384277,911234,775243,371
VWP (TZS)2,613.332,613.332,613.382,619.422,619.862,620
Price Range (TZS)2,340 - 2,7502,340 - 2,7502,340 - 2,7502,340 - 2,7502,340 - 2,7502,360 - 2,750
Relative Price Change %-46-0.1-5.64.8
Volatility %17.517.517.517.517.516.5

SECTION 4

PEER GROUP ANALYSIS & RANKING

4.1 Global Peer Group Analysis (all figures in USD)

NameRelative Str. (6 mo)MCapPV $1000 (1 yr)RevenueNet ProfitTotal Assets
Pacific Continental75571.9M1,597.589.9M19.8M2.5B
Miyazaki Bank49561.6M1,332.3468.8M83M26.7B
Waterstone Financial49556.8M1,348.263.7M25.5M1.8B
Access National45550.8M1,349.550M16.4M1.4B
National Microfinace Bank51550M1,294.177.3M1.9B
Himalayan Bank39547.8M880.553.3M8.9M505.6M
Bank of the Ryukyus52541.7M1,415.1544.8M58.3M20.2B
Republic First Bancorp69541.1M2,405.154.2M4.9M1.9B
Akita Bank37540.6M1,061.5425.7M42.5M26.7B

Global Peer Group Analysis (continued)

CodeCountryLast PriceP/EP/BookTurnover Rate (%)% Disc to 52-w Hi
PCBKUS$US25.3022.74.3134.25.8
8393JPJPY355.029.08.5
WSBFUS$US18.9020.31.461.87.3
ANCXUS$US27.1319.54.639.918.2
NMBTZTZS2,750.06.61.8
HBLNPNPR870.03.026.8
8399JPJPY1,568.043.37.6
FRBKUS$US9.5075.82.659.44.0
8343JPJPY333.022.614.4

4.2 Global Rank [out of 47,393 stocks] and Rank in the Middle East & Africa Region [out of 2,287 stocks]

DescriptionValueGlobal RankIn MEA Region
MCap (US$)550M11,684395
Total Assets (US$)1.9B6,688288
Net Profit (US$)77.3M5,634237
Return on Equity %27.22,103119
Price to Book1.415,3991,022
Price/Earnings5.21,578149
PV$1000 (1Year) US$*1,29415,660492
US$* Change (1Year) %22.214,646456

* 1 year ago USD 1 = TZS 2,000

Jun 21, 2017: USD 1 equals TZS 2,500

4.3 Rank in the Total Tanzanian Market [out of 11 stocks]

DescriptionValueIn Total Tanzanian Market
Return on Equity %27.23
Price to Book1.43
Price/Earnings5.22
PV1000 (1Year)1,6181

SECTION 5

NATIONAL MICROFINACE BANK PROFILE

5.1 Activities

National Microfinance Bank (NMB), is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.

5.2 Industry & Sector

Classification LevelName of Sector
Business SectorBanking & Investment Services
Industry GroupBanking Services
IndustryBanks
Economic SectorFinancials

5.3 Top Management

The chief executive officer is Mark Wiessing.

5.4 Issued Capital

Based on 500,000,000 issued shares the market capitalisation is TZS1,375 billion (US$550 million).

Contact: +255 (0) 22 2161000

Physical Address: NMB House, Azikiwe/Jamhuri Streets

State/Province/Country: Tanzania

Exchange: Dar es Salaam Stock Exchange

ISIN: TZ1996100222

TZ:NMB; NMB.TZ

PermID: 4298064841

Source: www.BuySellSignals.com