Kenyan (NSE) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies55
- 7D-4.3%
- 3M-17.1%
- 1Y-32.0%
- YTD-31.1%
Over the last 7 days, the market has dropped 4.3%, driven by a decline of 8.0% in the Communication Services sector. In the last 12 months the market is down 32%. Looking forward, earnings are forecast to grow by 8.4% annually.
Market Valuation and Performance
Has the Kenyan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | KSh1.3t | KSh1.6t | KSh286.8b | 5.4x | 4.7x | 0.8x |
| Thu, 28 Sep 2023 | KSh1.5t | KSh1.6t | KSh286.7b | 6.2x | 5.1x | 0.9x |
| Sat, 26 Aug 2023 | KSh1.5t | KSh1.6t | KSh284.7b | 5.7x | 5.3x | 0.9x |
| Mon, 24 Jul 2023 | KSh1.7t | KSh1.6t | KSh289.3b | 5.8x | 5.8x | 1x |
| Wed, 21 Jun 2023 | KSh1.6t | KSh1.6t | KSh287.1b | 5.4x | 5.5x | 1x |
| Fri, 19 May 2023 | KSh1.5t | KSh1.6t | KSh284.5b | 4.5x | 5.2x | 0.9x |
| Sun, 16 Apr 2023 | KSh1.7t | KSh1.6t | KSh288.1b | 4.8x | 5.9x | 1.1x |
| Tue, 14 Mar 2023 | KSh1.8t | KSh1.5t | KSh283.8b | 5.2x | 6.2x | 1.2x |
| Thu, 09 Feb 2023 | KSh2.0t | KSh1.5t | KSh283.2b | 5.8x | 7x | 1.3x |
| Sat, 07 Jan 2023 | KSh1.9t | KSh1.5t | KSh284.7b | 5.1x | 6.8x | 1.3x |
| Mon, 05 Dec 2022 | KSh1.9t | KSh1.5t | KSh283.2b | 5.9x | 6.9x | 1.3x |
| Wed, 02 Nov 2022 | KSh2.0t | KSh1.5t | KSh276.9b | 6.7x | 7.1x | 1.3x |
| Fri, 30 Sep 2022 | KSh2.0t | KSh1.5t | KSh277.1b | 7x | 7.2x | 1.3x |
| Sun, 28 Aug 2022 | KSh2.1t | KSh1.5t | KSh280.8b | 7x | 7.5x | 1.4x |
| Tue, 26 Jul 2022 | KSh2.1t | KSh1.4t | KSh266.4b | 6.8x | 8x | 1.5x |
| Thu, 23 Jun 2022 | KSh1.8t | KSh1.4t | KSh266.2b | 6.5x | 6.9x | 1.3x |
| Sat, 21 May 2022 | KSh2.0t | KSh1.4t | KSh255.1b | 5.8x | 8x | 1.4x |
| Mon, 18 Apr 2022 | KSh2.4t | KSh1.4t | KSh256.3b | 6.9x | 9.5x | 1.8x |
| Wed, 16 Mar 2022 | KSh2.5t | KSh1.4t | KSh233.2b | 6.5x | 10.6x | 1.8x |
| Fri, 11 Feb 2022 | KSh2.6t | KSh1.3t | KSh221.5b | 7x | 11.8x | 2x |
| Sun, 09 Jan 2022 | KSh2.7t | KSh1.3t | KSh220.6b | 6.5x | 12x | 2.1x |
| Tue, 07 Dec 2021 | KSh2.5t | KSh1.3t | KSh219.5b | 6.4x | 11.2x | 1.9x |
| Thu, 04 Nov 2021 | KSh2.7t | KSh1.2t | KSh195.4b | 6.9x | 13.8x | 2.2x |
| Sat, 02 Oct 2021 | KSh2.8t | KSh1.2t | KSh204.7b | 6.7x | 13.7x | 2.2x |
| Mon, 30 Aug 2021 | KSh2.9t | KSh1.3t | KSh185.9b | 7.4x | 15.4x | 2.3x |
| Tue, 06 Jul 2021 | KSh2.7t | KSh1.3t | KSh185.9b | 7.2x | 14.4x | 2.1x |
| Fri, 09 Apr 2021 | KSh2.4t | KSh1.2t | KSh166.0b | 7.6x | 14.5x | 2x |
| Thu, 31 Dec 2020 | KSh2.3t | KSh1.2t | KSh157.5b | 7.9x | 14.6x | 2x |
Price to Earnings Ratio
12.4x
Current Market PE
- Investors are pessimistic on the Kenyan market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 4.7x which is lower than its 3-year average PE of 9.9x.
Past Earnings Growth
- The earnings for Kenyan listed companies have grown 19% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Kenyan Market?
| KE Market | -4.31% | |
| Utilities | 1.78% | |
| Energy | 1.76% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Materials | -0.19% | |
| Financials | -1.97% | |
| Consumer Staples | -2.40% | |
| Consumer Discretionary | -3.03% | |
| Industrials | -3.36% | |
| Telecom | -8.01% | |
| Real Estate | -14.63% | |
Sector PE
- Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 8.7% which is lower than the prior year's growth of 14.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 18% over the next 5 years.
- However this is lower than its past earnings growth rate of 24% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 8.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| EQTY Equity Group Holdings | KSh38.00 | 2.7% +KSh3.8b | -18.6% | PB0.8x | Financials | |
| BRIT Britam Holdings | KSh4.79 | 5.5% +KSh630.9m | -14.2% | PE7.6x | Financials | |
| KEGN Kenya Electricity Generating | KSh2.31 | 2.7% +KSh395.7m | -31.7% | PE3.3x | Utilities | |
| COOP Co-operative Bank of Kenya | KSh11.65 | 0.4% +KSh293.4m | -1.3% | PB0.6x | Financials | |
| TOTL TotalEnergies Marketing Kenya | KSh17.30 | 1.8% +KSh188.9m | -27.0% | PE4.4x | Energy |
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