East Africa, Mauritius and Seychelles markets US$ returns down 10.5% YTD in Mar. ’23
East Africa, Mauritius and Seychelles markets US$ returns were down 10.5% year to date in March 2023.
2 markets in the report have positive US$ returns year to date:-
- Seychelles 2.4%
- Tanzania 4.9%
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 31 March 2023. Please click on the company name for updated share price.
Companies with the highest and lowest Return on Equity
- East African Breweries 74.0% with a share price at 170.00 KES
- Vodacom Tanzania 2.0% with a share price at 770.00 TZS
Companies with the highest and lowest Price to Earnings Ratio
- Vodacom Tanzania 105.2x with a share price at 770.00 TZS
- KCB Bank 2.8x with a share price at 35.50 KES
Companies with the highest and lowest Dividend Yield
- Stanbic Uganda 21.9% with a share price at 21.00 UGX
- Vodacom Tanzania is currently not paying dividends.
Companies with the highest and lowest Price to Book Value Ratio
- Tanzania Cigarette Company 10.61x with a share price at 17,000 TZS
- ENL Limited 0.26x with a share price at 20.00 MUR
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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.
