Safaricom’s US$8.3bn market cap accounts for 34% of the Top 30 companies in Sep. ’22
Safaricom’s US$8.3bn market capitalisation accounts for 34% of market capitalisation of the Top 30 companies within the East Africa, Mauritius & Seychelles region.
Big cap stocks are far more profitable than small cap stocks with Return on Equity’s of 38% vs 21%.
US$ returns by market
Three of the six stock markets within the East Africa, Mauritius & Seychelles region have positive US$ returns year to date:
- Seychelles 15.1%
- Tanzania 7.3%
- Rwanda 6.2%
H1 2022 reported earnings for the region were up 24%.
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 30 September 2022. Please click on the company name for the updated share price.
Companies with the highest and lowest Return on Equity
- East African Breweries PLC 73.2% with a share price at 142.00 KES
- ENL Limited -2.8% with a share price at 25.00 MUR
Companies with the highest and lowest Price to Earnings Ratio
- Ireland Blyth 37.1x with a share price at 52.75 MUR
- Vodacom Tanzania and ENL Limited are loss making.
Companies with the highest and lowest Dividend Yield
- NCBA Bank 14.0% with a share price at 30.30 KES
- Ireland Blyth and Vodacom Tanzania are currently not paying dividends.
Companies with the highest and lowest Price to Book Value Ratio
- Tanzania Cigarette 11.13x with a share price at 17,000.00 TZS
- Kenya Electricity Generating Company 0.11x with a share price at 3.50 KES
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About the Author: Hartland-Peel Africa Equity Research
Sub-Saharan Africa ex SA: Equity, debt and FX research covering sixteen countries and advising institutional investors. Proprietary data base of sixteen African stock markets, 250+ companies which is one of the most extensive and complete. New issues, IPO’s and distribution of equity on privatisation. Development of lending and corporate finance opportunities for the bank, privatisation and asset management. An ‘A’ rated equity analyst by South African institutional investors as polled by the Financial Mail in 1998 and 1999.
