Tanzanian stock report - National Microfinace Bank

TANZA

National Microfinace Bank closes at 5.2% above VWP August 18, 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 889.6 points (19.3%) in the day, the relative price increase was 19.3%. The price is at a premium of 5.2% to the 1-month volume weighted average price of TZS2,613.33. In the past year the premium has been greater than 5.2% just five times, suggesting a topish level and cautious buying at the current price.

SECTION 1

NATIONAL MICROFINACE BANK BEARISH SIGNALS

1.1 Technicals:

+ In the last three months the stock has hit a new 52-week low six times, pointing to a downtrend.

+ The 1.8% discount to 12-month high of TZS2,800.0 against the 17.5% premium to 12-month low of TZS2,340.0 suggests the climb might be peaking.

+ The present value of TZS1,000 (PV1000) invested three years ago in National Microfinace Bank is TZS671, for a capital loss of TZS329.

+ 3 years Multiplier in TZS = 0.671x

+ Compound Annual Growth Rate (CAGR) in TZS = -12.3%

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 $US447, for a capital loss of $US553.

+ 3 years ago USD 1 equalled TZS 1,666.6667

+ 3 years Multiplier in USD = 0.447x

+ Compound Annual Growth Rate (CAGR) in USD = -23.3%

Aug 18, 2017: USD 1 equals TZS 2,500

1.2 Low Performance Indicator:

DescriptionValueRank In Market
Volatility %17.5In Bottom 1%

SECTION 2

PRICE VOLUME DYNAMICS

2.1 Present Value of Sh1000 invested in the past:

+ The present value of Sh1,000 (PV1000) invested one year ago in National Microfinace Bank is unchanged.

PV10001-week1-month1-year
NMB.DSE1,0001,000
Tanzania Share Index1,0191,016931

2.2 Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverTZS133,280 (US$53)In 2nd Quartile

2.3 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).

2.4 Month-on-Month Comparison (Trailing Month - ended 15th)

15 Aug14 Jul15 Jun15 May13 Apr15 Mar
Price 15 Aug (TZS)2,7502,7502,7502,7502,7502,750
Avg Daily Volume259,586194,103222,698210,305303,798277,926
VWP (TZS)2,613.332,613.332,613.332,613.332,613.452,619.42
Price Range (TZS)2,340 - 2,7502,340 - 2,7502,340 - 2,7502,340 - 2,7502,340 - 2,7502,340 - 2,750
Relative Price Change %-25.9-10.6-1.84-1.3-5.6
Volatility %17.517.517.517.517.517.5

SECTION 3

PEER GROUP ANALYSIS & RANKING

3.1 Global Peer Group Analysis (all figures in USD)

NameRelative Str. (6 mo)MCapPV $1000 (1 yr)RevenueNet ProfitTotal Assets
Fidelity Southern41559.8M1,253.3149.3M38.8M4.4B
Idea Bank65558.9M
Oldenburgische Landesbank69556.1M1,586.1479.1M36.2M15.6B
First Foundation56551.5M1,336.6104M23.3M4B
National Microfinace Bank57550M800.077.3M1.9B
Peoples Bancorp45546.2M1,366.5115.4M31.2M3.4B
MFC Bancorp33536M730.8893.9M(20M)513.7M
Akita Bank48535.8M1,026.8433.6M43.3M27.2B
Barclays Bank Kenya87534.5M1,153.450.9B(1.6B)2,260.4B

Global Peer Group Analysis (continued)

CodeCountryLast PriceP/BookTurnover Rate (%)% Disc to 52-w Hi
LIONUS$US21.232.1122.414.9
IDAPLPLN25.98
OLBDEEUR20.401.25.1
FFWMUS$US16.541.962.88.9
NMBTZTZS2,750.06.61.8
PEBOUS$US30.021.914.7
MFCBUS$US8.552.15.028.8
8343JPJPY324.023.516.7
BARCKEKES10.253.114.6

3.2 Global Rank [out of 47,594 stocks] and Rank in the Middle East & Africa Region [out of 2,285 stocks]

DescriptionValueGlobal RankIn MEA Region
MCap (US$)550M11,888408
Total Assets (US$)1.9B6,814285
Net Profit (US$)77.3M5,724227
Return on Equity %27.22,132117
Price to Book1.415,5351,064
Price/Earnings5.21,527170
PV$1000 (1Year) US$*80030,9261,444
US$* Change (1Year) %-19.730,5751,406

* 1 year ago USD 1 = TZS 2,000

Aug 18, 2017: USD 1 equals TZS 2,500

3.3 Rank in the Total Tanzanian Market [out of 12 stocks]

DescriptionValueIn Total Tanzanian Market
Return on Equity %27.23
Price to Book1.43
Price/Earnings5.22
PV1000 (1Year)1,0001

SECTION 4

NATIONAL MICROFINACE BANK PROFILE

4.1 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.

4.2 Industry & Sector

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

4.3 Top Management

The chief executive officer is Mark Wiessing.

4.4 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