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Standard Bank

MAL:STANDARD
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STANDARD
MAL
MWK171B
Market Cap
  1. Home
  2. MW
  3. Banks
Company description

Standard Bank Limited operates as a commercial bank in Malawi. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
STANDARD Share Price and Events
7 Day Returns
0%
MAL:STANDARD
-0.8%
Africa Banks
1.8%
MW Market
1 Year Returns
28.3%
MAL:STANDARD
-31.3%
Africa Banks
9.6%
MW Market
STANDARD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Standard Bank (STANDARD) 0% 0% 0% 28.3% 32.7% 71.8%
Africa Banks -0.8% -26% -30.6% -31.3% -17.8% -22.8%
MW Market 1.8% 0.7% 2.1% 9.6% 135.4% 121.4%
1 Year Return vs Industry and Market
  • STANDARD outperformed the Banks industry which returned -31.3% over the past year.
  • STANDARD outperformed the Market in Malawi which returned 9.6% over the past year.
Price Volatility
STANDARD
Industry
5yr Volatility vs Market

STANDARD Value

 Is Standard 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
Here we compare the current share price of Standard Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Standard Bank.

MAL:STANDARD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= MWK319.55 * 17.6%
MWK56.17
Book Value of Equity per Share Median Book Value from the past 5 years. MWK319.55
Discount Rate (Cost of Equity) See below 22.2%
Perpetual Growth Rate 10-Year MW Government Bond Rate 8.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MAL:STANDARD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year MW Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 11%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.486 (1 + (1- 30%) (0.41%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (1.24 * 11%)
22.24%

Discounted Cash Flow Calculation for MAL:STANDARD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Standard Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

MAL:STANDARD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.6% – 22.24%) * MWK319.55)
MWK-14.91
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= MWK-14.91 / (22.24% - 8.6%)
MWK-109.26
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= MWK319.55 + MWK-109.26
MWK210.28
MAL:STANDARD Discount to Share Price
Calculation Result
Value per share (MWK) From above. MWK210.28
Current discount Discount to share price of MWK730.02
= -1 x (MWK730.02 - MWK210.28) / MWK210.28
-247.2%

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

  • The current share price of Standard Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Standard Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Standard Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MAL:STANDARD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in MWK MWK67.86
MAL:STANDARD Share Price ** MAL (2020-04-02) in MWK MWK730.02
Africa Banks Industry PE Ratio Median Figure of 91 Publicly-Listed Banks Companies 5.55x
Malawi Market PE Ratio Median Figure of 10 Publicly-Listed Companies 13.01x

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

** Primary Listing of Standard Bank.

MAL:STANDARD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MAL:STANDARD Share Price ÷ EPS (both in MWK)

= 730.02 ÷ 67.86

10.76x

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

  • Standard Bank is overvalued based on earnings compared to the Africa Banks industry average.
  • Standard Bank is good value based on earnings compared to the Malawi market.
Price based on expected Growth
Does Standard Bank's expected growth come at a high price?
Raw Data
MAL:STANDARD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.76x
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 32 Publicly-Listed Banks Companies 0.49x

*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 Standard Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Standard Bank's assets?
Raw Data
MAL:STANDARD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in MWK MWK372.82
MAL:STANDARD Share Price * MAL (2020-04-02) in MWK MWK730.02
Africa Banks Industry PB Ratio Median Figure of 94 Publicly-Listed Banks Companies 0.9x
Malawi Market PB Ratio Median Figure of 11 Publicly-Listed Companies 1.96x
MAL:STANDARD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MAL:STANDARD Share Price ÷ Book Value per Share (both in MWK)

= 730.02 ÷ 372.82

1.96x

* Primary Listing of Standard Bank.

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

  • Standard Bank is overvalued based on assets compared to the Africa Banks industry average.
X
Value checks
We assess Standard 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. Standard Bank has a total score of 1/6, 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.

STANDARD Future Performance

 How is Standard 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 Standard 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
10.3%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Standard Bank expected to grow at an attractive rate?
  • Unable to compare Standard Bank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Standard Bank's earnings growth to the market average as no estimate data is available.
  • Unable to compare Standard Bank's revenue growth to the market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MAL:STANDARD Future Growth Rates Data Sources
Data Point Source Value (per year)
Africa Banks Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
Africa Banks Industry Revenue Growth Rate Market Cap Weighted Average 9.5%

*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
MAL:STANDARD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in MWK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MAL:STANDARD Past Financials Data
Date (Data in MWK Millions) Revenue Cash Flow Net Income *
2019-12-31 58,984 -1,676 15,879
2019-09-30 57,056 1,721 14,512
2019-06-30 55,128 5,118 13,144
2019-03-31 53,106 -391 11,863
2018-12-31 51,084 -5,899 10,582
2018-09-30 50,753 -18,689 10,057
2018-06-30 50,422 -31,479 9,531
2018-03-31 50,726 -59,147 10,847
2017-12-31 51,030 -86,815 12,162
2017-09-30 52,786 -83,318 15,056
2017-06-30 54,542 -79,654 17,949
2017-03-31 54,049 -21,915 18,687

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Standard Bank is high growth as no earnings estimate data is available.
  • Unable to determine if Standard 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
MAL:STANDARD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Standard Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MAL:STANDARD Past Financials Data
Date (Data in MWK Millions) EPS *
2019-12-31 67.86
2019-09-30 62.01
2019-06-30 56.17
2019-03-31 50.70
2018-12-31 45.22
2018-09-30 42.98
2018-06-30 40.73
2018-03-31 46.35
2017-12-31 51.97
2017-09-30 64.04
2017-06-30 75.98
2017-03-31 79.48

*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 Standard Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Standard 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. Standard 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 Standard 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 Africa 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.
Standard 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.

STANDARD Past Performance

  How has Standard 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 Standard 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.
  • Standard Bank's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Standard Bank's 1-year earnings growth exceeds its 5-year average (50.1% vs -2.6%)
  • Standard Bank's earnings growth has exceeded the Africa Banks industry average in the past year (50.1% vs 10.8%).
Earnings and Revenue History
Standard 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 Standard Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MAL:STANDARD Past Revenue, Cash Flow and Net Income Data
Date (Data in MWK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 58,984.00 15,879.00 19,222.00
2019-09-30 57,056.00 14,511.50 18,956.00
2019-06-30 55,128.00 13,144.00 18,690.00
2019-03-31 53,106.00 11,863.00 18,690.00
2018-12-31 51,084.00 10,582.00 18,690.00
2018-09-30 50,753.00 10,056.50 18,400.50
2018-06-30 50,422.00 9,531.00 18,111.00
2018-03-31 50,726.00 10,846.50 18,111.00
2017-12-31 51,030.00 12,162.00 18,111.00
2017-09-30 52,786.00 15,055.50 16,083.00
2017-06-30 54,542.00 17,949.00 14,055.00
2017-03-31 54,048.50 18,687.00 14,055.00
2016-12-31 53,555.00 19,425.00 14,055.00
2016-09-30 49,270.00 17,841.50 12,652.00
2016-06-30 44,985.00 16,258.00 11,249.00
2016-03-31 41,774.50 14,805.50 11,249.00
2015-12-31 38,564.00 13,353.00 11,249.00
2015-06-30 36,680.00 12,896.00 8,611.00
2015-03-31 35,100.50 12,592.50 8,611.00
2014-12-31 33,521.00 12,289.00 8,611.00
2013-12-31 30,406.00 12,069.00 6,946.00

*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.
  • Standard Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Standard Bank used its assets more efficiently than the Africa Banks industry average last year based on Return on Assets.
  • Unable to establish if Standard Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Standard 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.
Standard Bank has a total score of 3/6, 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.

STANDARD Health

 How is Standard 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 Standard 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 Standard Bank Company Filings, last reported 3 months ago.

MAL:STANDARD Past Debt and Equity Data
Date (Data in MWK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 87,239.00 696.00 24,193.00
2019-09-30 87,239.00 696.00 24,193.00
2019-06-30 85,307.00 0.00 27,126.00
2019-03-31 85,307.00 0.00 27,126.00
2018-12-31 77,240.00 3,170.00 71,107.00
2018-09-30 77,240.00 3,170.00 71,107.00
2018-06-30 74,774.00 0.00 43,795.00
2018-03-31 74,774.00 0.00 43,795.00
2017-12-31 72,232.00 14,410.00 147,159.00
2017-09-30 72,232.00 14,410.00 147,159.00
2017-06-30 65,897.00 0.00 50,447.00
2017-03-31 65,897.00 0.00 50,447.00
2016-12-31 62,800.00 2,922.00 166,452.00
2016-09-30 62,800.00 2,922.00 166,452.00
2016-06-30 53,438.00 0.00 42,435.00
2016-03-31 53,438.00 0.00 42,435.00
2015-12-31 47,035.00 1,854.00 76,967.00
2015-06-30 41,313.00 0.00 47,062.00
2015-03-31 41,313.00 0.00 47,062.00
2014-12-31 37,092.00 810.00 42,548.00
2013-12-31 22,910.00 0.00 41,315.00
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.
  • Standard Bank has an acceptable proportion of non-loan assets held.
  • Standard Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Standard Bank are broadly funded by customer deposits.
  • Standard Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Standard Bank has a sufficient allowance for bad loans.
  • Standard Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Standard 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. Standard Bank has a total score of 5/6, 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.

STANDARD Dividends

 What is Standard 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
4.15%
Current annual income from Standard Bank dividends.
If you bought MWK2,000 of Standard Bank shares you are expected to receive MWK83 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?
  • Standard Bank's pays a higher dividend yield than the bottom 25% of dividend payers in Malawi (1.89%).
  • Standard Bank's dividend is above the markets top 25% of dividend payers in Malawi (3.67%).
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
MAL:STANDARD 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
Africa Banks Industry Average Dividend Yield Market Cap Weighted Average of 72 Stocks 7%
Malawi Market Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.9%
Malawi Minimum Threshold Dividend Yield 10th Percentile 1.5%
Malawi Bottom 25% Dividend Yield 25th Percentile 1.9%
Malawi Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

MAL:STANDARD Past Annualized Dividends Data
Date (Data in MWK) Dividend per share (annual) Avg. Yield (%)
2020-03-31 30.260 4.145
2019-06-10 24.290 3.687
2019-03-13 24.290 4.588
2018-06-07 10.650 1.603
2017-07-11 25.570 4.141
2016-03-22 14.950 2.983
2015-02-27 12.810 2.936
2014-02-26 0.000 0.000
2013-05-07 23.370 8.349
2012-03-02 13.590 11.236

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

  • Standard Bank has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Standard Bank only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Standard Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
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 Standard Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Standard Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Standard Bank has a total score of 3/6, see the detailed checks below.


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

STANDARD Management

 What is the CEO of Standard 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
William Le Roux
AGE 57
TENURE AS CEO 2.3 years
CEO Bio

Mr. William Le Roux servers as Chief Executive Officer and Director of Standard Bank Ltd., since December 2017. He previously served as regional CIB credit head at Standard Bank West Africa.

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

William Le Roux

TITLE
CEO & Director
AGE
57
TENURE
2.3 yrs

Temwani Simwaka

TITLE
CFO & Director
AGE
48

Dan Mbozi

TITLE
Head of Operations
AGE
48

Frank Chantaya

TITLE
Head of Corporate & Investment Banking
AGE
43

William Nuka

TITLE
Chief Information Officer
AGE
54

Norah Nsanjah

TITLE
Head of Legal & Company Secretary

Thoko Unyolo

TITLE
Head of Marketing & Communications
AGE
37
TENURE
5.3 yrs

Zandile Phangaphanga

TITLE
Head of Human Capital
AGE
36

Phillip Madinga

TITLE
Head of Personal & Business Banking
AGE
47

Kondwani Mlilima

TITLE
Chief Risk Officer
AGE
45
Board of Directors Tenure

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

7.8
Average Tenure
57
Average Age
  • The tenure for the Standard Bank board of directors is about average.
Board of Directors

Rex Harawa

TITLE
Chairman of the Board
COMPENSATION
MWK5M
AGE
61

William Le Roux

TITLE
CEO & Director
AGE
57
TENURE
2.3 yrs

Temwani Simwaka

TITLE
CFO & Director
AGE
48
TENURE
9.9 yrs

Andrew Chioko

TITLE
Non-Executive Director
COMPENSATION
MWK4M
AGE
65
TENURE
12.8 yrs

Allan J. Chinula

TITLE
Non-Executive Director
COMPENSATION
MWK4M
AGE
61
TENURE
7.8 yrs

Ngeyi Kanyongolo

TITLE
Non-Executive Director
COMPENSATION
MWK4M
AGE
50
TENURE
7.8 yrs

Roderick Phiri

TITLE
Non-Executive Director
COMPENSATION
MWK4M
AGE
68
TENURE
13.5 yrs

Jayesh Patel

TITLE
Non-Executive Director
COMPENSATION
MWK4M
AGE
49
TENURE
11.5 yrs

Catherine Mtonda

TITLE
Non-Executive Director
COMPENSATION
MWK4M
AGE
57
TENURE
7.8 yrs

David Pinto

TITLE
Non-Executive Director
COMPENSATION
MWK4M
AGE
45
TENURE
3.9 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 (MWK) Value (MWK)
X
Management checks
We assess Standard 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. Standard 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.

STANDARD News

Simply Wall St News

STANDARD Company Info

Description

Standard Bank Limited operates as a commercial bank in Malawi. It operates through Personal and Business Banking, Corporate and Investment Banking, and Treasury and Capital Management segments. The company offers personal and business banking products and services, including retail and private banking services, such as current accounts, savings products, deposits, investment savings products, custody services, debit cards, consumer loans, and mortgages; cheque accounts and other lending products; vehicle and asset finance; bancassurance products; and ATM, Internet, telephone, and electronic banking services to individuals and small- to medium-sized enterprises. It also provides corporate and investment banking products and services comprising foreign exchange services, commodities, debt securities, and equities trading services; transactional banking, trade finance, and investor services; and equity investment, advisory, project finance, structured finance, structured trade finance, corporate lending, primary market, acquisition finance, property finance, and asset and wealth management services to governments, parastatals, larger corporates, financial institutions, and international counterparties. The company was formerly known as Stanbic Bank and changed its name to Standard Bank Limited in June 2007. Standard Bank Limited was founded in 1970 and is based in Lilongwe, Malawi. Standard Bank Limited is a subsidiary of Standard Bank Group Limited.

Details
Name: Standard Bank Limited
STANDARD
Exchange: MAL
Founded: 1970
MWK170,824,680,000
234,000,000
Website: http://www.standardbank.co.mw
Address: Standard Bank Limited
Standard Bank Centre,
Africa Unity Avenue,
Lilongwe,
3,
Malawi
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MAL STANDARD Ordinary Shares Malawi Stock Exchange MW MWK 18. Jul 2011
Number of employees
Current staff
Staff numbers
747
Standard Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 18:44
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/03/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.