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Agricultural Development Bank

GHSE:ADB
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADB
GHSE
GHS1B
Market Cap
  1. Home
  2. GH
  3. Banks
Company description

Agricultural Development Bank Limited provides corporate, investment, and retail banking products and services in Ghana. The last earnings update was 114 days ago. More info.


Add to Portfolio Compare Print
ADB Share Price and Events
7 Day Returns
0%
GHSE:ADB
1.1%
GH Banks
1%
GH Market
1 Year Returns
-
GHSE:ADB
3%
GH Banks
-9%
GH Market
ADB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Agricultural Development Bank (ADB) 0% 0% - - - -
GH Banks 1.1% 1.1% 20% 3% 33.6% 9.9%
GH Market 1% -0.9% 6.4% -9% 15.6% -2.7%
1 Year Return vs Industry and Market
  • No trading data on ADB.
  • No trading data on ADB.
Price Volatility
ADB
Industry
5yr Volatility vs Market

ADB Value

 Is Agricultural Development Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Agricultural Development Bank. This is due to cash flow or dividend data being unavailable. The share price is GHS5.06.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Agricultural Development Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Agricultural Development Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GHSE:ADB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GHS GHS-0.01
GHSE:ADB Share Price ** GHSE (2019-11-22) in GHS GHS5.06
Ghana Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 5.95x
Ghana Market PE Ratio Median Figure of 18 Publicly-Listed Companies 6.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Agricultural Development Bank.

GHSE:ADB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GHSE:ADB Share Price ÷ EPS (both in GHS)

= 5.06 ÷ -0.01

-791.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Agricultural Development Bank is loss making, we can't compare its value to the GH Banks industry average.
  • Agricultural Development Bank is loss making, we can't compare the value of its earnings to the Ghana market.
Price based on expected Growth
Does Agricultural Development Bank's expected growth come at a high price?
Raw Data
GHSE:ADB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -791.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Africa Banks Industry PEG Ratio Median Figure of 35 Publicly-Listed Banks Companies 0.7x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Agricultural Development Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Agricultural Development Bank's assets?
Raw Data
GHSE:ADB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GHS GHS2.18
GHSE:ADB Share Price * GHSE (2019-11-22) in GHS GHS5.06
Ghana Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 0.99x
Ghana Market PB Ratio Median Figure of 25 Publicly-Listed Companies 1.01x
GHSE:ADB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GHSE:ADB Share Price ÷ Book Value per Share (both in GHS)

= 5.06 ÷ 2.18

2.32x

* Primary Listing of Agricultural Development Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Agricultural Development Bank is overvalued based on assets compared to the GH Banks industry average.
X
Value checks
We assess Agricultural Development Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Agricultural Development Bank has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ADB Future Performance

 How is Agricultural Development Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Agricultural Development Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Agricultural Development Bank expected to grow at an attractive rate?
  • Unable to compare Agricultural Development Bank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Agricultural Development Bank's earnings growth to the market average as no estimate data is available.
  • Unable to compare Agricultural Development Bank's revenue growth to the Ghana market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GHSE:ADB Future Growth Rates Data Sources
Data Point Source Value (per year)
Africa Banks Industry Earnings Growth Rate Market Cap Weighted Average 11%
Ghana Banks Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
Ghana Market Revenue Growth Rate Market Cap Weighted Average 13.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GHSE:ADB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GHS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GHSE:ADB Past Financials Data
Date (Data in GHS Millions) Revenue Cash Flow Net Income *
2019-09-30 405 -2
2019-06-30 409 -78 10
2019-03-31 396 -90 15
2018-12-31 377 58 6
2018-09-30 363 22 16
2018-06-30 342 -13 -3
2018-03-31 345 -12 1
2017-12-31 357 -81 27
2017-09-30 273 -146 -22
2017-06-30 242 64 -26
2017-03-31 218 30 -33
2016-12-31 174 -1 -70

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Agricultural Development Bank is high growth as no earnings estimate data is available.
  • Unable to determine if Agricultural Development Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GHSE:ADB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Agricultural Development Bank Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GHSE:ADB Past Financials Data
Date (Data in GHS Millions) EPS *
2019-09-30 -0.01
2019-06-30 0.04
2019-03-31 0.06
2018-12-31 0.03
2018-09-30 0.07
2018-06-30 -0.01
2018-03-31 0.01
2017-12-31 0.11
2017-09-30 -0.09
2017-06-30 -0.12
2017-03-31 -0.14
2016-12-31 -1.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Agricultural Development Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Agricultural Development Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Agricultural Development Bank's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Agricultural Development Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Ghana market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Agricultural Development Bank has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ADB Past Performance

  How has Agricultural Development Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Agricultural Development Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Agricultural Development Bank does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Agricultural Development Bank's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Agricultural Development Bank's 1-year growth to the GH Banks industry average as it is not currently profitable.
Earnings and Revenue History
Agricultural Development Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Agricultural Development Bank Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GHSE:ADB Past Revenue, Cash Flow and Net Income Data
Date (Data in GHS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 404.97 -1.66 274.52
2019-06-30 409.22 10.46 217.42
2019-03-31 395.78 14.58 211.61
2018-12-31 377.29 5.91 255.13
2018-09-30 363.24 15.52 258.43
2018-06-30 342.28 -2.80 251.30
2018-03-31 344.56 1.43 243.52
2017-12-31 357.08 26.51 236.74
2017-09-30 272.75 -22.41 217.11
2017-06-30 241.99 -26.35 209.04
2017-03-31 217.67 -32.92 154.40
2016-12-31 174.23 -70.03 199.75
2015-12-31 162.63 -78.98 190.08
2014-12-31 268.77 47.87 155.71
2013-12-31 247.00 81.00 122.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Agricultural Development Bank has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Agricultural Development Bank has efficiently used its assets last year compared to the GH Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Agricultural Development Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Agricultural Development Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Agricultural Development Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ADB Health

 How is Agricultural Development Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Agricultural Development Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Agricultural Development Bank Company Filings, last reported 4 months ago.

GHSE:ADB Past Debt and Equity Data
Date (Data in GHS Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 689.95 247.40 1,138.30
2019-06-30 686.47 280.93 1,135.64
2019-03-31 659.54 255.30 1,108.81
2018-12-31 639.71 274.32 1,516.26
2018-09-30 350.26 476.71 1,182.05
2018-06-30 329.46 528.09 1,141.32
2018-03-31 492.32 520.64 1,006.82
2017-12-31 479.01 458.55 1,514.83
2017-09-30 502.74 389.42 888.52
2017-06-30 504.34 392.79 1,925.00
2017-03-31 491.66 414.04 862.68
2016-12-31 454.78 381.03 1,317.81
2015-12-31 332.89 244.66 481.52
2014-12-31 343.82 281.50 398.82
2013-12-31 281.00 209.00 275.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Agricultural Development Bank has an acceptable proportion of non-loan assets held.
  • Agricultural Development Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Agricultural Development Bank are broadly funded by customer deposits.
  • Agricultural Development Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Agricultural Development Bank has a low allowance for bad loans.
  • Agricultural Development Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Agricultural Development Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Agricultural Development Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ADB Dividends

 What is Agricultural Development Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Agricultural Development Bank dividends.
If you bought GHS2,000 of Agricultural Development Bank shares you are expected to receive GHS0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Agricultural Development Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Agricultural Development Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GHSE:ADB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Ghana Banks Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.6%
Ghana Market Average Dividend Yield Market Cap Weighted Average of 13 Stocks 6.9%
Ghana Minimum Threshold Dividend Yield 10th Percentile 1.9%
Ghana Bottom 25% Dividend Yield 25th Percentile 2.8%
Ghana Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Agricultural Development Bank has not reported any payouts.
  • Unable to verify if Agricultural Development Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Agricultural Development Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Agricultural Development Bank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Agricultural Development Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Agricultural Development Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Agricultural Development Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ADB Management

 What is the CEO of Agricultural Development Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Mensah
AGE 57
TENURE AS CEO 2.5 years
CEO Bio

Dr. John Kofi Mensah has been Managing Director of Agricultural Development Bank Limited since August 1, 2017. He joined Agricultural Development Bank Limited in August 1, 2017. Dr. Mensah has also worked with Bank for Housing and Construction, Securities Discount House, International Commercial Bank, Unibank, First Capital Plus, Enyan Denkyira Rural Bank and served as Director at Cocoa Processing Company Limited. He serves as Executive Chairman at Family Fountain Asset Management & Securities Ltd. Dr. Mensah serves as a Director at Cocoa Processing Company Limited. Dr. Mensah serves as a Director at Agricultural Development Bank Limited since August 01, 2017.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Agricultural Development Bank management team in years:

2.5
Average Tenure
  • The tenure for the Agricultural Development Bank management team is about average.
Management Team

John Mensah

TITLE
MD & Executive Director
AGE
57
TENURE
2.5 yrs

Leon Bannerman-Williams

TITLE
Chief Financial Officer
TENURE
1 yrs

Enoch Donkoh

TITLE
General Manager of Operations
TENURE
0.8 yrs

Maxwell Amoakohene

TITLE
General Counsel
TENURE
5.1 yrs

Fred Safo-Kantanka

TITLE
Head of Compliance
TENURE
1.5 yrs

Alfred Neneh Akotiah

TITLE
Group Head of Consumer Banking
TENURE
6.6 yrs

Alhassan Yakubu-Tali

TITLE
Deputy Managing Director

Samuel Dako

TITLE
Chief Audit Executive
TENURE
2.5 yrs

Da-Costa Owusu-Duodu

TITLE
Chief Risk Officer
TENURE
0.9 yrs

Prosper Dodor

TITLE
Head of Internal Control & Due Diligence
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Agricultural Development Bank board of directors in years:

1.5
Average Tenure
56.5
Average Age
  • The average tenure for the Agricultural Development Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alex Bernasko

TITLE
Independent Chairman of the Board
AGE
67
TENURE
2.5 yrs

John Mensah

TITLE
MD & Executive Director
AGE
57
TENURE
2.5 yrs

George Abankwah-Yeboah

TITLE
Independent Non-Executive Director
AGE
58
TENURE
2.4 yrs

Mark Yeboah

TITLE
Independent Non-Executive Director
AGE
45
TENURE
1.5 yrs

Abena Asare

TITLE
Independent Non-Executive Director
AGE
39
TENURE
1.5 yrs

Peter Quartey

TITLE
Independent Non-Executive Director
AGE
50
TENURE
1.5 yrs

Kwesi Korboe

TITLE
Independent Non-Executive Director
AGE
56
TENURE
1.5 yrs

Mary Kessie

TITLE
Independent Non-Executive Director
AGE
64
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (GHS) Value (GHS)
X
Management checks
We assess Agricultural Development Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Agricultural Development Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ADB News

Simply Wall St News

ADB Company Info

Description

Agricultural Development Bank Limited provides corporate, investment, and retail banking products and services in Ghana. The company operates through Corporate Banking, Retail Banking, and Central Treasury segments. It offers retail banking solutions, including current and savings accounts, as well as foreign currency, electronic, executive, asset, and money remittance banking services; corporate banking services, such as business bank account, business banking, corporate business, payment and cash management, funding, trade and supply chain, and asset finance; and transaction banking solutions comprising cash management, trade finance, and mobile banking services. The company also provides receivable backed working capital, and small and medium scale enterprises short and medium term loans; risk management services, including market/financial and operational risk, and compliance unit services; treasury management services; and agricultural development finance services for primary production, agri-business, agro-processing, and agro-export areas. In addition, it offers inventory, contractor, import and export, bridge, LPO, and vehicle and asset financing facilities. The company operates through a network of 78 branches. The company was formerly known as Agricultural Credit and Cooperative Bank and changed its name to Agricultural Development Bank Limited in 1967. The company was founded in 1965 and is based in Accra, Ghana.

Details
Name: Agricultural Development Bank Limited
ADB
Exchange: GHSE
Founded: 1965
GHS1,168,471,508
230,923,223
Website: http://www.agricbank.com
Address: Agricultural Development Bank Limited
Accra Financial Centre,
3rd Ambassadorial Development Area,
Accra,
Ghana
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GHSE ADB Ordinay Shares Ghana Stock Exchange GH GHS 24. Apr 2016
Number of employees
Current staff
Staff numbers
1,195
Agricultural Development Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/19 16:59
End of day share price update: 2019/11/22 00:00
Last earnings filing: 2019/10/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.