Kenyan (NSE) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies53
- 7D0.4%
- 3M0.5%
- 1Y-2.7%
- YTD20.6%
The Energy sector gained 9.4% while the market remained flat over the last week. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
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, 09 Jul 2024 | KSh1.7t | KSh1.7t | KSh299.8b | 4.6x | 5.6x | 1x |
| Thu, 06 Jun 2024 | KSh1.7t | KSh1.7t | KSh297.6b | 4.9x | 5.8x | 1x |
| Sat, 04 May 2024 | KSh1.6t | KSh1.7t | KSh286.3b | 4.7x | 5.6x | 0.9x |
| Mon, 01 Apr 2024 | KSh1.7t | KSh1.7t | KSh288.3b | 5.6x | 6x | 1x |
| Wed, 28 Feb 2024 | KSh1.4t | KSh1.7t | KSh286.4b | 5.2x | 4.9x | 0.8x |
| Fri, 26 Jan 2024 | KSh1.4t | KSh1.7t | KSh289.7b | 5.3x | 4.8x | 0.8x |
| Sun, 24 Dec 2023 | KSh1.4t | KSh1.7t | KSh290.1b | 5x | 4.8x | 0.8x |
| Tue, 21 Nov 2023 | KSh1.4t | KSh1.7t | KSh288.6b | 5.2x | 4.8x | 0.8x |
| Thu, 19 Oct 2023 | KSh1.4t | KSh1.6t | KSh286.7b | 5.2x | 4.9x | 0.9x |
| Sat, 16 Sep 2023 | KSh1.5t | KSh1.6t | KSh286.3b | 5.8x | 5.3x | 0.9x |
| Mon, 14 Aug 2023 | KSh1.6t | KSh1.6t | KSh283.5b | 6.2x | 5.6x | 1x |
| Wed, 12 Jul 2023 | KSh1.7t | KSh1.6t | KSh289.3b | 5.9x | 6x | 1.1x |
| Fri, 09 Jun 2023 | KSh1.6t | KSh1.6t | KSh285.1b | 5.4x | 5.6x | 1x |
| Sun, 07 May 2023 | KSh1.6t | KSh1.6t | KSh288.3b | 5.1x | 5.5x | 1x |
| Tue, 04 Apr 2023 | KSh1.7t | KSh1.5t | KSh285.8b | 4.9x | 6.1x | 1.1x |
| Thu, 02 Mar 2023 | KSh1.9t | KSh1.5t | KSh283.8b | 4.8x | 6.8x | 1.3x |
| Sat, 28 Jan 2023 | KSh1.9t | KSh1.5t | KSh283.3b | 5.3x | 6.8x | 1.3x |
| Mon, 26 Dec 2022 | KSh2.0t | KSh1.5t | KSh286.2b | 4.9x | 6.9x | 1.3x |
| Wed, 23 Nov 2022 | KSh2.0t | KSh1.5t | KSh273.5b | 6.2x | 7.2x | 1.3x |
| Fri, 21 Oct 2022 | KSh2.0t | KSh1.5t | KSh277.2b | 6.7x | 7.2x | 1.3x |
| Sun, 18 Sep 2022 | KSh2.0t | KSh1.5t | KSh278.7b | 7.5x | 7.3x | 1.4x |
| Tue, 16 Aug 2022 | KSh2.3t | KSh1.4t | KSh266.4b | 7.2x | 8.5x | 1.6x |
| Thu, 14 Jul 2022 | KSh2.1t | KSh1.4t | KSh266.1b | 6.9x | 8.1x | 1.5x |
| Sat, 11 Jun 2022 | KSh2.0t | KSh1.4t | KSh260.2b | 6.2x | 7.7x | 1.4x |
| Mon, 09 May 2022 | KSh2.2t | KSh1.4t | KSh257.4b | 5.9x | 8.7x | 1.6x |
| Wed, 06 Apr 2022 | KSh2.5t | KSh1.4t | KSh246.6b | 6.5x | 9.9x | 1.8x |
| Fri, 04 Mar 2022 | KSh2.5t | KSh1.3t | KSh222.5b | 7.2x | 11.4x | 1.9x |
| Sun, 30 Jan 2022 | KSh2.5t | KSh1.3t | KSh221.5b | 6.8x | 11.2x | 1.9x |
| Tue, 28 Dec 2021 | KSh2.6t | KSh1.3t | KSh220.8b | 7x | 11.9x | 2x |
| Thu, 25 Nov 2021 | KSh2.5t | KSh1.3t | KSh212.1b | 6.6x | 11.9x | 1.9x |
| Sat, 23 Oct 2021 | KSh2.7t | KSh1.2t | KSh204.8b | 6.8x | 13.4x | 2.2x |
| Mon, 20 Sep 2021 | KSh2.8t | KSh1.2t | KSh200.6b | 7.3x | 14.1x | 2.3x |
| Wed, 18 Aug 2021 | KSh2.9t | KSh1.3t | KSh185.9b | 7.2x | 15.4x | 2.3x |
Price to Earnings Ratio
14.8x
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 5.6x which is lower than its 3-year average PE of 7.7x.
Past Earnings Growth
- The earnings for Kenyan listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 0.42% | |
| Energy | 9.44% | |
| Materials | 2.01% | |
| Financials | 1.28% | |
| Consumer Staples | 1.20% | |
| Utilities | 1.07% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | -0.81% | |
| Consumer Discretionary | -3.66% | |
| Industrials | -5.91% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 12.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 28% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Telecom sector is expected to see its earnings grow by 7.5% 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 | |
|---|---|---|---|---|---|---|
| KCB KCB Group | KSh33.45 | 6.7% +KSh6.7b | 15.1% | PB0.5x | Financials | |
| EQTY Equity Group Holdings | KSh43.35 | 2.6% +KSh4.2b | 6.1% | PB0.8x | Financials | |
| EABL East African Breweries | KSh144.75 | 1.9% +KSh2.2b | -8.2% | PE14.4x | Consumer Staples | |
| ABSA Absa Bank Kenya | KSh14.30 | 1.8% +KSh1.4b | 18.2% | PB1x | Financials | |
| TOTL TotalEnergies Marketing Kenya | KSh21.45 | 9.4% +KSh1.2b | 7.2% | PE4.5x | Energy |
