Safaricom US$5.0bn market cap accounts for 25% of market cap of the Top 30 East African companies

Published On: August 8, 2023By Tags: East-Africa

Safaricom’s US$5.0bn market capitalisation accounts for 25% of market capitalisation of the Top 30 companies and its weighting skews the data.

East Africa, Mauritius and Seychelles markets US$ returns were down 15.3% year to date in June 2023.

3 markets in the report have positive US$ returns year to date:-

  1. Seychelles 3.7%
  2. Uganda 3.7%
  3. Tanzania 1.7%

Fundamental valuation outliers

NOTE: Valuations figures are listed as at 30 June 2023. Please click on the company name for updated share price.

Companies with the highest and lowest Return on Equity

  1. East African Breweries 74.0% with a share price at 155.00 KES.
  2. Vodacom Tanzania 5.4% with a share price at 770.00 TZS.

Companies with the highest and lowest Price to Earnings Ratio

  1. Vodacom Tanzania 38.7x with a share price at 770.00 TZS.
  2. KCB Bank 2.3x with a share price at 29.30 KES.

Companies with the highest and lowest Dividend Yield

  1. Stanbic Uganda 17.7% with a share price at 26.00 UGX.
  2. Vodacom Tanzania is currently not paying dividends.

Companies with the highest and lowest Price to Book Value Ratio

  1. Tanzania Cigarette Company 10.61x with a share price at 17,000 TZS.
  2. SBM Holdings Ltd 0.36x with a share price at 4.50 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.