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Abbey Mortgage Bank

NGSE:ABBEYBDS
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABBEYBDS
NGSE
NGN7B
Market Cap
  1. Home
  2. NG
  3. Banks
Company description

Abbey Mortgage Bank Plc provides mortgage services, financial advisory, and real estate construction finance to corporate and individual customers in Nigeria. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print
ABBEYBDS Share Price and Events
7 Day Returns
0%
NGSE:ABBEYBDS
0%
NG Mortgage
-1.4%
NG Market
1 Year Returns
16.7%
NGSE:ABBEYBDS
3.5%
NG Mortgage
-37%
NG Market
ABBEYBDS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Abbey Mortgage Bank (ABBEYBDS) 0% 0% 5% 16.7% -16% -19.2%
NG Mortgage - - 1.3% 3.5% -16.6% -10%
NG Market -1.4% -22.2% -25.4% -37% -31.3% -50.7%
1 Year Return vs Industry and Market
  • ABBEYBDS outperformed the Mortgage industry which returned 3.5% over the past year.
  • ABBEYBDS outperformed the Market in Nigeria which returned -37% over the past year.
Price Volatility
ABBEYBDS
Industry
5yr Volatility vs Market

ABBEYBDS Value

 Is Abbey Mortgage 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 Abbey Mortgage Bank. This is due to cash flow or dividend data being unavailable. The share price is NGN1.05.
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 Abbey Mortgage Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Abbey Mortgage Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NGSE:ABBEYBDS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NGN NGN0.00
NGSE:ABBEYBDS Share Price ** NGSE (2020-04-03) in NGN NGN1.05
Global Mortgage Industry PE Ratio Median Figure of 176 Publicly-Listed Mortgage Companies 9.03x
Nigeria Market PE Ratio Median Figure of 99 Publicly-Listed Companies 5.92x

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

** Primary Listing of Abbey Mortgage Bank.

NGSE:ABBEYBDS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NGSE:ABBEYBDS Share Price ÷ EPS (both in NGN)

= 1.05 ÷ 0.00

733.24x

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

  • Abbey Mortgage Bank is overvalued based on earnings compared to the Global Mortgage industry average.
  • Abbey Mortgage Bank is overvalued based on earnings compared to the Nigeria market.
Price based on expected Growth
Does Abbey Mortgage Bank's expected growth come at a high price?
Raw Data
NGSE:ABBEYBDS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 733.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Mortgage Industry PEG Ratio Median Figure of 71 Publicly-Listed Mortgage Companies 0.51x
Nigeria Market PEG Ratio Median Figure of 24 Publicly-Listed Companies 0.48x

*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 Abbey Mortgage Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Abbey Mortgage Bank's assets?
Raw Data
NGSE:ABBEYBDS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NGN NGN1.30
NGSE:ABBEYBDS Share Price * NGSE (2020-04-03) in NGN NGN1.05
Africa Mortgage Industry PB Ratio Median Figure of 6 Publicly-Listed Mortgage Companies 0.83x
Nigeria Market PB Ratio Median Figure of 128 Publicly-Listed Companies 0.59x
NGSE:ABBEYBDS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NGSE:ABBEYBDS Share Price ÷ Book Value per Share (both in NGN)

= 1.05 ÷ 1.30

0.81x

* Primary Listing of Abbey Mortgage Bank.

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

  • Abbey Mortgage Bank is good value based on assets compared to the Africa Mortgage industry average.
X
Value checks
We assess Abbey Mortgage 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 Mortgage 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 Mortgage industry average (and greater than 0)? (1 check)
  5. Abbey Mortgage 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.

ABBEYBDS Future Performance

 How is Abbey Mortgage 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 Abbey Mortgage 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
2.4%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Abbey Mortgage Bank expected to grow at an attractive rate?
  • Unable to compare Abbey Mortgage Bank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Abbey Mortgage Bank's earnings growth to the Nigeria market average as no estimate data is available.
  • Unable to compare Abbey Mortgage Bank's revenue growth to the Nigeria market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NGSE:ABBEYBDS Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 2.4%
Global Mortgage Industry Revenue Growth Rate Market Cap Weighted Average -20.3%
Nigeria Market Earnings Growth Rate Market Cap Weighted Average 8.3%
Nigeria Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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
NGSE:ABBEYBDS 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 NGN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NGSE:ABBEYBDS Past Financials Data
Date (Data in NGN Millions) Revenue Cash Flow Net Income *
2019-12-31 867 -686 6
2019-09-30 593 -396 -484
2019-06-30 664 -474 -474
2019-03-31 417 -628 -600
2018-12-31 337 -655 -666
2018-09-30 679 -1,014 -357
2018-06-30 626 -931 -356
2018-03-31 701 -717 -249
2017-12-31 751 -524 -212
2017-09-30 746 -408 -156
2017-06-30 735 -47 -174
2017-03-31 770 -67 -160

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Abbey Mortgage Bank is high growth as no earnings estimate data is available.
  • Unable to determine if Abbey Mortgage 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
NGSE:ABBEYBDS 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 Abbey Mortgage Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NGSE:ABBEYBDS Past Financials Data
Date (Data in NGN Millions) EPS *
2019-12-31 0.00
2019-09-30 -0.12
2019-06-30 -0.11
2019-03-31 -0.14
2018-12-31 -0.16
2018-09-30 -0.09
2018-06-30 -0.08
2018-03-31 -0.06
2017-12-31 -0.05
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.04

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

Next steps:

  1. Examine Abbey Mortgage 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. Abbey Mortgage 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 Abbey Mortgage 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 Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global 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.
Abbey Mortgage 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.

ABBEYBDS Past Performance

  How has Abbey Mortgage 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 Abbey Mortgage Bank's growth in the last year to its industry (Mortgage).
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.
  • Abbey Mortgage Bank's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Abbey Mortgage Bank has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Abbey Mortgage Bank has become profitable in the last year making it difficult to compare the Global Mortgage industry average.
Earnings and Revenue History
Abbey Mortgage 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 Abbey Mortgage Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NGSE:ABBEYBDS Past Revenue, Cash Flow and Net Income Data
Date (Data in NGN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 866.90 6.02 358.28
2019-09-30 592.64 -483.90 368.11
2019-06-30 663.54 -474.48 375.29
2019-03-31 417.08 -599.92 383.43
2018-12-31 336.84 -665.52 390.27
2018-09-30 678.55 -357.37 396.01
2018-06-30 625.73 -356.21 403.31
2018-03-31 700.99 -249.09 408.56
2017-12-31 751.28 -212.38 416.36
2017-09-30 746.24 -155.73 428.23
2017-06-30 734.93 -173.62 438.62
2017-03-31 769.82 -159.77 451.45
2016-12-31 772.73 -168.00 464.28
2016-09-30 753.06 33.21 474.11
2016-06-30 788.71 46.83 483.33
2016-03-31 781.12 28.39 490.37
2015-12-31 824.14 55.49 492.69
2015-09-30 826.36 -190.20 869.46
2015-06-30 871.65 -159.65 746.60
2015-03-31 877.25 -143.51 614.78
2014-12-31 832.28 -163.21 498.45
2014-09-30 630.26 -454.70 437.76
2014-06-30 601.93 -503.60 445.33
2014-03-31 524.07 -512.43 334.64
2013-12-31 589.56 -508.60 445.33
2013-09-30 921.56 114.57 440.95
2013-06-30 944.20 135.29 440.95

*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.
  • Abbey Mortgage Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Abbey Mortgage Bank used its assets less efficiently than the Global Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Abbey Mortgage 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 Abbey Mortgage 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 Mortgage 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.
Abbey Mortgage 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.

ABBEYBDS Health

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

NGSE:ABBEYBDS Past Debt and Equity Data
Date (Data in NGN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,463.39 325.84 2,090.87
2019-09-30 5,543.29 335.34 1,222.41
2019-06-30 5,536.51 341.22 936.52
2019-03-31 5,502.17 350.60 659.98
2018-12-31 5,457.38 359.24 1,026.51
2018-09-30 6,104.09 381.96 619.13
2018-06-30 6,099.59 379.07 681.56
2018-03-31 6,205.09 382.14 850.10
2017-12-31 6,225.89 388.91 784.44
2017-09-30 6,487.56 401.48 1,562.90
2017-06-30 6,470.20 404.35 1,183.94
2017-03-31 6,454.18 414.50 1,072.06
2016-12-31 6,438.27 422.79 906.80
2016-09-30 6,643.29 484.41 1,491.98
2016-06-30 6,643.82 486.54 1,286.02
2016-03-31 6,613.95 531.39 1,131.35
2015-12-31 6,606.26 536.31 1,308.14
2015-09-30 6,595.56 0.00 2,217.96
2015-06-30 6,595.56 0.00 2,217.96
2015-03-31 6,585.57 0.00 1,592.40
2014-12-31 6,550.77 1,026.29 1,857.13
2014-09-30 6,800.29 0.00 2,203.58
2014-06-30
2014-03-31
2013-12-31 6,713.98 1,288.02 1,560.29
2013-09-30 7,254.98 0.00 2,839.68
2013-06-30 7,260.24 0.00 2,469.95
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.
  • Abbey Mortgage Bank has an acceptable proportion of non-loan assets held.
  • Abbey Mortgage Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Abbey Mortgage Bank are broadly funded by customer deposits.
  • Abbey Mortgage Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Abbey Mortgage Bank has a low allowance for bad loans.
  • Abbey Mortgage Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Abbey Mortgage 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. Abbey Mortgage 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.

ABBEYBDS Dividends

 What is Abbey Mortgage 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 Abbey Mortgage Bank dividends.
If you bought NGN2,000 of Abbey Mortgage Bank shares you are expected to receive NGN0 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 Abbey Mortgage Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Abbey Mortgage 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
NGSE:ABBEYBDS 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
Global Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 131 Stocks 4.2%
Nigeria Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 11.3%
Nigeria Minimum Threshold Dividend Yield 10th Percentile 2.2%
Nigeria Bottom 25% Dividend Yield 25th Percentile 5.3%
Nigeria Top 25% Dividend Yield 75th Percentile 12%

Industry and Market average data is calculated daily.

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

NGSE:ABBEYBDS Past Annualized Dividends Data
Date (Data in NGN) Dividend per share (annual) Avg. Yield (%)
2013-11-13 0.000 0.000
2012-11-05 0.000 0.000
2012-08-24 0.000 0.000
2012-04-20 0.000 0.000
2011-06-13 0.050 3.492
2010-05-14 0.040 2.893
2010-05-05 0.040 2.484

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

  • Unable to perform a dividend volatility check as Abbey Mortgage Bank has not reported any payouts.
  • Unable to verify if Abbey Mortgage Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Abbey Mortgage Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Abbey Mortgage 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 Abbey Mortgage Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.2%) - 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 Abbey Mortgage Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Abbey Mortgage 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.

ABBEYBDS Management

 What is the CEO of Abbey Mortgage 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
Rose Okwechime
AGE 72
CEO Bio

Mrs. Rose Ada Okwechime has been the Managing Director and Chief Executive Officer of Abbey Building Society PLC since 1992. Mrs. Okwechime served in the Banking industry for over 24 years including time at the Bank of England. She serves as a Director of Abbey Building Society PLC. She served as Vice Chairperson of United Bank for Africa Plc since 2013. She had been a Non-Executive Director of United Bank for Africa Plc since July 2012 until September 2018. She served as a Director of United Bank for Africa Plc from August 1, 2005 to May 2010. She served as a Non-Executive Director of Standard Trust Bank Plc. She has at least 8 notable awards to her credit in recognition of her achievements and contributions to womanhood. Mrs. Okwechime holds a Master’s degree in Banking and Finance.

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

Rose Okwechime

TITLE
CEO, MD & Director
AGE
72

Madu Hamman

TITLE
Executive Director of Finance & Administration and Executive Director

Andrew Nwosisi

TITLE
General Manager of Operations & Executive Director

Lolita Ejiofor

TITLE
Head of Business Systems Review & Compliance

Seyi Taiwo

TITLE
Corporate Marketing & Project Manager

Hilary Dumkwu

TITLE
Head of Human Capital

Lasisi Abiodun

TITLE
Head of Debt Recovery

Alagbe Emmanuel

TITLE
Head of Asset

Geoff Amaghereonu

TITLE
Legal Adviser & Company Secretary

Olabisi Ajeigbe

TITLE
Financial Controller
Board of Directors

Ifeanyi Ochonogor

TITLE
Chairman of the Board

Rose Okwechime

TITLE
CEO, MD & Director
AGE
72

Madu Hamman

TITLE
Executive Director of Finance & Administration and Executive Director

Andrew Nwosisi

TITLE
General Manager of Operations & Executive Director
TENURE
1.3 yrs

Olufemi Soewu

TITLE
Non-Executive Director

Mazi Emmanuel O. Ivi

TITLE
Non-Executive Director

Bernard Okumagba

TITLE
Non-Executive Director
TENURE
6.7 yrs

Samuel Oni

TITLE
Independent Non-Executive Director

Uzochukwu Odunukwe

TITLE
Independent Non-Executive Director
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 (NGN) Value (NGN)
X
Management checks
We assess Abbey Mortgage 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. Abbey Mortgage 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.

ABBEYBDS News

Simply Wall St News

ABBEYBDS Company Info

Description

Abbey Mortgage Bank Plc provides mortgage services, financial advisory, and real estate construction finance to corporate and individual customers in Nigeria. It operates through Mortgage Banking, Investing Banking, and Retail Banking segments. The company offers savings accounts, home accounts, fixed deposits, and call accounts, cash management accounts, and certificates of deposit. It also provides a range of mortgage products and services, such as corporate mortgages, real estate development, construction loans, school loans, mortgage administration schemes, personal mortgages, staff housing loans, equity releases, national housing funds, personal loans and consumer finance, and mortgage education. In addition, the company offers electronic banking products. It operates 10 branches. The company was formerly known as Abbey Building Society Plc and changed its name to Abbey Mortgage Bank Plc in January 2014. Abbey Mortgage Bank Plc was incorporated in 1991 and is headquartered in Lagos, Nigeria.

Details
Name: Abbey Mortgage Bank Plc
ABBEYBDS
Exchange: NGSE
Founded: 1991
NGN6,784,615,385
6,461,538,462
Website: http://abbeymortgagebank.com
Address: Abbey Mortgage Bank Plc
23, Karimu Kotun Street,
Victoria Island,
Lagos,
Nigeria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NGSE ABBEYBDS Common Shares Nigerian Stock Exchange NG NGN 23. Oct 2008
Number of employees
Current staff
Staff numbers
111
Abbey Mortgage Bank employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 22:48
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/01/28
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.