Absa Group Limited, together with its subsidiaries, provides various financial products and services in South Africa and internationally. The company operates through Retail and Business Banking; Corporate and Investment Banking; and Head Office, Treasury and Other Operations. It provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services. The company offers retail and business banking products and services to individual, enterprise, and commercial customers, including residential property-related finance solutions; vehicle and asset finance products and services; credit cards; personal loans; relationship banking; short-term insurance products; transactional banking, savings, and investment products and services; and rewards program and services. It also provides commercial property finance and term loans. In addition, the company offers investment banking services; private equity and infrastructure investments; corporate banking products and services; and wealth management services. Further, it provides life insurance products covering death, disability and retrenchment, funeral, and life wrapped investment products; investments, such as asset management, multi-management, unit trusts, and investment products; treasury services; and wealth and financial advisory services. Additionally, the company offers market services; trade and working capital solutions; and cash management, payment, and liquidity products and solutions. It also offers broker-dealer trading in debt and equity securities; and solicitation, syndication, selling, and arranging of equity and debt products, as well as financial, leasing, and management services. The company was formerly known as Barclays Africa Group Limited and changed its name to Absa Group Limited in May 2018. Absa Group Limited was incorporated in 1986 and is based in Johannesburg, South Africa.

Absa Group Limited

Crédit Mutuel is a cooperative bank that offers a range of financial services including retail banking, insurance, asset management, and investment banking. It serves millions of clients, providing financial expertise and support.

Crédit Mutuel

Deutsche Bank is a global banking and financial services company, self-described as a 'Global Hausbank'.

Deutsche Bank

Absa Group is a financial services provider offering banking and investment products and services across Africa.

Absa Group

Absa Bank Kenya

Absa Bank Moçambique

Absa Corporate and Investment Banking

Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond. 

We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

We are excited to be part of this transformative journey for these young bright minds 💡

The exchange of expert thought leadership significantly strengthens our financial stories. 

The upcoming 19th CII India Africa Business Conclave will bring together industry stakeholders from both Africa and India, putting our collective and collaborative story in the spotlight. 

As a truly pan-African bank, we leverage our local presence and global reach to enhance trade and investment opportunities across the continent.
 
Watch the video to learn more about the selected speakers. 

#YourStoryMatters

We're committed to initiatives that empower women, youth, and SMEs across Africa. From celebrating Women’s Month in Zambia to supporting women-led businesses in Kenya, and promoting education through institutions like Legacy Girls College, we’ve invested over R190.7 million in corporate citizenship initiatives, positively impacting the lives of more than 90,000 people. 

Discover how we’re uplifting communities across the continent. 

#AbsaInterims2024

This year, we took significant steps to expand our African footprint with the acquisition of HSBC Mauritius’s domestic wealth, personal, and business banking divisions, and the opening of our new office in China. These milestones align with our strategy to build key global corridors that better connect trade, investment flows, and clients in Africa. 

Through these and other strategic partnerships, we’re putting our customers’ needs at the centre of everything we do while building a diversified franchise with deliberate, market-leading growth. 

Discover how we're driving progress through collaboration.

#AbsaInterims2024

At the Real Estate Industry Summit 2024 in Cape Town, close to 2,000 industry leaders united to explore the intersection of innovation and sustainability in real estate.

In collaboration with Private Property, we delved into the transformative potential of AI, future-focused strategies, and the power of collaboration to reshape the sector. These discussions are pivotal as we work towards creating a more resilient and forward-thinking industry.

Together, we’re committed to shaping a future where every story matters and contributes to lasting impact. 

#YourStoryMatters

We started the year with a new brand promise, inviting our 37,000+ colleagues to rewrite our story together. We set a clear trajectory to align our entire suite of services and offerings with this pivotal shift toward a more human-centred, empathetic banking experience across the continent. 

This is how we’re making sure ‘Your Story Matters’. 

#AbsaInterims2024

The first half of 2024 has seen us celebrate a continent’s worth of stories, including our own. From stories of partnerships that drive sustainable progress, to those of inclusivity and innovation, we’re empowering Africa’s tomorrow together… one story at a time. 

Take a look at the highlights that shaped our performance during the first half of the year as we report #AbsaInterims2024 today: https://lnkd.in/d_uXDbuy

We released our financial results for the first half of the year today. While we navigated a tough environment, we look forward to an improved performance in the second half of the year. We were pleased to report an improvement in our South African retail portfolio during the first six months of the year, and we reported an increase in our total Group customer base, as well as a 12% increase in the number of digitally active customers. 

Read more here: https://lnkd.in/eMKpptn4 

#AbsaInterims2024

The 19th CII India Africa Business Conclave from 20 to 22 August is a key platform for exploring new opportunities between Africa and India, focusing on key sectors. Vinesh Kassen, Head of India Client Coverage, provides further insights on the various event dialogues that could shape the future of economic partnership and innovation. 

As a leading pan-African bank, Absa is committed to engagements that leads to sustainable investment and value creation. 

#AfricaExpertise

At Absa CIB, we're redefining banking relationships by truly putting our clients at the heart of everything we do. Clement Motale, Managing Executive for Marketing & Corporate Affairs highlights our shift towards a more human-centred approach, guided by empathy, in support of our clients through every step of their journey. Together, we're co-creating impactful solutions that truly matter. That is how we are invested in our clients’ stories. Discover more: https://lnkd.in/djWyUHdV 

#AfricanExpertise

Metric
Company Name	Absa Group Limited	Crédit Mutuel	Deutsche Bank
Symbol	ABG
MSH ID	AFRICA:ABSA	COM:CREDITMUTUEL	COM:DB:INVESTOR-RELATIONS
Market	STOCKS	PRIVATE	PRIVATE
Sector	Financial Services	Financial Services & Finance	Financial Services & Finance
Industry	Banks - Regional	Banking	Banking
Country	ZA	FR	DE
Stage
Employee Count	37.11K
Website	absa.africa	creditmutuel.com	investor-relations.db.com
LinkedIn	absa
Founders

Metric
Market Cap	71.62M
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	11.40B
Revenue (LTM)
Revenue (NTM)
Gross Profit	11.40B
EBITDA	192.00M
Operating Income	-137.18M
Net Income	1.10B
EPS	1.33
Diluted EPS	1.33
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	1.43
Operating Profit Margin	0.39
EBITDA Margin	0.02
Net Profit Margin	0.13
Return on Equity	0.14
Return on Assets	0.01
Return on Capital Employed	0.03

AFRICA:ABSA

Absa Group

Last Close

17,200.00

25/11 09:25

Market Cap

1.29B

Beta: -

Volume Today

450.79K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	6.39
P/B Ratio	0.95
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	0.95
EV Multiple	1.74K

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover	0.11

Metric
Operating Cash Flow	3.22B
Free Cash Flow	2.83B
Cash Flow to Debt	0.16
Operating Cash Flow/Sales	0.28
Free Cash Flow Yield	0.13

Metric
Cash & Equivalents	-4.56B
Accounts Receivable
Inventory
Goodwill	42.67M
Debt to Capitalization	0.73
Debt to Assets	0.13
Current Ratio
Quick Ratio	4.98

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue	0.03