Originally Posted by wanaj0
Kudos for the work done.
Not sure of the accuracy of the EPS/PE. That of FCMB stands out! There must be some error somewhere. FCMB EPS should be >1 and the PE should definitely be less than 7.00.
Also in recommending stocks for income would have thought dividend yield will be a better yardstick rather than absolute dividend figure.
All in all, good analysis. Afribank and FCMB are realling looking attractive BUT one need to look at the FACTS behind the FIGURES. Like you said, figures don't always tell the whole story.
I totally agree. Yield is more important than absolute values. In fact, the coefficient of variation computed using absolute values is erroneous.
Overall, it's a good report. Kudos! You might want to revisit some errors like UBA dividend (~91.6k) and P/E values (seems too low). Also as wanaj0 has explained, what's important is sustained future earnings, with many banks presumed to be in difficulties (at least to varying degrees), there is no assurance that the future will be like the past. Personally, I won't be buying banks anytime soon.
Happy new year!!!