FMBCapital Holdings Plc Company Overview and Profile

Author

Reads 9.9K

Top view of a business meeting table with digital devices and financial documents, showing collaboration.
Credit: pexels.com, Top view of a business meeting table with digital devices and financial documents, showing collaboration.

FMBCapital Holdings Plc is a leading Nigerian conglomerate with a diverse range of businesses. Its history dates back to 1990.

The company's vision is to be a major player in the Nigerian economy, providing innovative solutions and creating value for its stakeholders. FMBCapital Holdings Plc has a strong presence in various sectors, including finance, real estate, and manufacturing.

FMBCapital Holdings Plc is a publicly traded company listed on the Nigerian Stock Exchange.

Company Overview

FMBCapital Holdings Plc offers a range of banking products and services through its subsidiaries, including corporate, investment, and retail banking.

The company provides a variety of banking products and services, catering to different customer needs.

FMBCapital Holdings Plc's financial health is strong, with a Snowflake Score of 6/6 in the Financial Health category.

Its valuation is relatively low, with a Price-To-Earnings ratio of 20.1x, which is below the industry average of 23.8x.

FMBCapital Holdings Plc's past performance is decent, with a Snowflake Score of 3/6 in the Past Performance category.

The company's dividend yield is also a consideration, with a Snowflake Score of 3/6 in the Dividends category.

Here's a breakdown of FMBCapital Holdings Plc's Snowflake Score categories:

Ownership and Governance

Canadian Maple Leaf on Wall with McDonalds Logo
Credit: pexels.com, Canadian Maple Leaf on Wall with McDonalds Logo

FMBCapital Holdings Plc has a diverse shareholder base, with shares traded under the symbol FMBCH.

The company's ownership structure is broken down into various categories, with individual insiders holding 3.26% of the shares, institutions holding 10.7%, and private companies holding a significant 52.9% of the shares.

Here is a breakdown of the top shareholders:

The company's board of directors is composed of experienced individuals, with Hitesh Anadkat serving as a director since 1995 and Terence Davidson serving as chairman since 2017.

Ownership

The ownership structure of FMBCapital Plc is quite diverse, with shares traded under the symbol FMBCH. The company is headquartered in Malawi, but has a global presence with shareholders from various countries.

As of 31 December 2018, the countries of origin of the shareholders are as follows:

Malawi is the country with the largest number of shareholders, accounting for 95.39% of the total number of investors.

Board of Directors Composition

The Board of Directors Composition is quite impressive at FMBcapital Holdings Plc. As of 2022, the group is governed by a seven-person board of directors, comprising a non-executive chairman, four non-executive directors, and two executive directors.

Credit: youtube.com, Startup Boards: Board Functions and Responsibilities

The board is led by Terence Davidson, who serves as the non-executive chairman. He has been in this role since 2017.

One of the key characteristics of the board is its diversity. The directors come from various backgrounds and have different levels of experience.

Here's a breakdown of the board members:

The board members have a wealth of experience, with some having been on the board for over 25 years.

Shareholder Returns

When looking at shareholder returns, it's clear that FMBCH has had a significant impact on its investors. Over the past 7 days, the company's returns have been a whopping 32.9%.

In comparison, MW Banks has seen a more modest 11.3% return over the same period. The MW Market, on the other hand, has returned a respectable 8.5%.

One year ago, FMBCH's returns were even more impressive, with a gain of 74.6%. This is a significant increase, but it's worth noting that MW Banks has done even better, with a return of 155.7%.

Credit: youtube.com, Rights of Shareholders of the Corporation

To put these numbers into perspective, here's a comparison of the past year's returns:

Interestingly, FMBCH's 74.6% return over the past year has still not been enough to outperform the MW Banks industry, which returned 146.5%. Similarly, the company's returns have also lagged behind the broader MW Market, which returned 98.1%.

Leadership and Structure

FMBCapital Holdings Plc has a well-structured leadership team in place, with a clear hierarchy and roles defined.

Jaco Viljoen serves as the CEO, appointed as of December 31, 2021.

Mythri Sambasivan-George, who joined the company on June 30, 2022, holds the position of Director of Finance/CFO, and is 47 years old.

The company's leadership team also includes Suruj Nawosah, who is the Chief Tech/Sci/R&D Officer, but their age is not specified.

Willium Masamba has been the Compliance Officer since August 31, 2017, and Shwetank Singhvi has held the role of Chief Operating Officer since May 31, 2013.

Org Chart

At FMBcapital Holdings Plc, the Group Chief Operating Officer oversees the entire organization, with a Country Manager based in Mauritius.

An adult man examining a financial document under natural light at a wooden desk, emphasizing finance and reading.
Credit: pexels.com, An adult man examining a financial document under natural light at a wooden desk, emphasizing finance and reading.

The Group Chief Operating Officer is a key position that ensures the smooth functioning of the company.

The Executive Committee is responsible for making strategic decisions, and it consists of several members with different roles.

Here's a breakdown of the Executive Committee members:

The ages of the Executive Committee members are not publicly disclosed, except for Mythri Sambasivan-George, who is 47 years old.

Employees

The team behind a successful organization is often the unsung heroes. The Group Financial Controller is a key player in ensuring the financial stability of the company.

They work closely with the Group Head of Financial Reporting, who is responsible for providing accurate and timely financial information to stakeholders.

Effective leadership starts at the top, and having a strong team in place is crucial for achieving goals. The Group Financial Controller and Group Head of Financial Reporting are essential members of this team.

A different take: Just Group Plc

Financial Performance

FMBCapital Holdings Plc has seen a steady increase in revenue over the past few years, with a notable surge in 2020. The company's revenue growth can be attributed to its strategic expansion into new markets.

One of the key drivers of FMBCapital's financial performance is its diverse portfolio of investments. The company's ability to adapt to changing market conditions has allowed it to stay ahead of the competition.

FMBCH Stock Overview

Credit: youtube.com, Investing Basics: Fundamental Analysis

Let's take a closer look at FMBCH stock. FMBCH provides corporate, investment, and retail banking products and services through its subsidiaries.

One of the key things to consider when evaluating FMBCH is its financial health, which is a strong 6/6 according to the fundamental analysis.

FMBCH's valuation is also worth noting, with a Price-To-Earnings ratio of 20.1x, which is below the Banks industry average of 23.8x.

Here's a breakdown of FMBCH's Snowflake Score, which assesses its valuation, future growth, past performance, financial health, dividends, and other factors:

Price History & Performance

FMBcapital Holdings has seen its share price soar over the years, with a 5-year change of 1,235.75%.

The current share price is MK 738.00, which is the 52 Week High. This is a significant increase from the 52 Week Low of MK 370.00.

FMBCH's beta is 4.39, indicating that its stock price is more volatile compared to the market.

In the past year, the company's share price has increased by 74.63%, outpacing the market's average change.

Here's a breakdown of FMBCH's share price performance over different time periods:

FMBCH's 1 Month Change is 32.97%, and its 3 Month Change is 85.15%, showing a significant increase in its share price over the past few months.

Industry and Operations

Credit: youtube.com, DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC - Annual Report 2023

FMBcapital Holdings plc is a Mauritius-based holding company that has a significant presence in the SADC region. It is listed on the Malawi Stock Exchange.

The company operates in five SADC countries: Botswana, Malawi, Mozambique, Zambia, and Zimbabwe. This extensive reach allows FMBcapital Holdings plc to provide financial services to a diverse customer base.

FMBcapital Holdings plc aims to be a leading provider of financial services in the region by offering comprehensive and innovative products and services.

Fmbcapital Plc's Industry

Fmbcapital Plc operates in the Financial services industry, which is a sector that I've always found fascinating.

Fmbcapital Plc's revenue is in the range of 101m - 500m, which is a significant figure for any company.

Fmbcapital Holdings plc is the Mauritius-based holding company of the FMBcapital Group, with a presence in five SADC countries, namely Botswana, Malawi, Mozambique, Zambia, and Zimbabwe.

The company has a solid track record of financial strength and stability, which is essential for any business operation.

FMBcapital Holdings plc aims to be a leading provider of financial services in the region by offering comprehensive and innovative products and services.

Here's an interesting read: Fubon Group

Geographical Breakdown of Sales

Credit: youtube.com, The pros and cons of geographic sales territories

The geographical breakdown of sales is a fascinating topic, and FMBcapital Holdings Plc has some interesting numbers to share. Malawi was the top-performing country in 2023, with sales reaching 70.8 million.

Interestingly, Malawi's sales have been steadily increasing over the years, from 35.32 million in 2019 to 70.8 million in 2023. This represents a growth of 100% in just four years.

Zimbabwe comes in second, with sales reaching 68.82 million in 2023. This is a significant increase from 19.68 million in 2019, a growth of 250% in just four years.

Mozambique's sales have also been on the rise, reaching 42.12 million in 2023. This represents a growth of 415% from 8.11 million in 2019. This is a remarkable increase, and it's clear that the company is expanding its presence in this market.

Here's a breakdown of the top-performing countries in 2023:

Botswana and Mauritius also had significant sales in 2023, reaching 38.19 million and 36.58 million, respectively. These numbers are impressive, and it's clear that the company is doing well in these markets.

Zambia's sales, on the other hand, declined slightly in 2023, reaching 23.88 million. This is a decrease from 26.02 million in 2022.

Subsidiaries and Structure

Credit: youtube.com, Holding Company Structure | Shaz Nawaz

FMBCapital Holdings Plc has a diverse range of subsidiary companies that operate across various countries in Africa.

First Capital Bank Malawi Limited is one of the subsidiaries, with 100% ownership, established in June 1995. This subsidiary has a long history of operation in Malawi.

First Capital Bank Botswana Limited is another subsidiary, with 42% ownership, established in July 2008. This means that FMBCapital Holdings Plc has a significant minority stake in this company.

First Capital Bank Mozambique is a subsidiary with 80% ownership, acquired in June 2013. This acquisition has likely provided FMBCapital Holdings Plc with a significant presence in the Mozambican market.

First Capital Bank Zambia Limited is a subsidiary with 49% ownership, acquired in June 2013. This subsidiary operates in Zambia and has a smaller ownership stake compared to some of the other subsidiaries.

First Capital Bank Zimbabwe Limited is a subsidiary with 62% ownership, acquired in October 2017. This subsidiary operates in Zimbabwe and has a significant ownership stake.

Facades of residential buildings located near modern skyscrapers on street in city with green trees against cloudless sky in financial district
Credit: pexels.com, Facades of residential buildings located near modern skyscrapers on street in city with green trees against cloudless sky in financial district

Here's a summary of the subsidiaries owned by FMBCapital Holdings Plc:

  • First Capital Bank Malawi Limited: 100% ownership, established June 1995.
  • First Capital Bank Botswana Limited: 42% ownership, established July 2008.
  • First Capital Bank Mozambique: 80% ownership, acquired June 2013.
  • First Capital Bank Zambia Limited: 49% ownership, acquired June 2013.
  • First Capital Bank Zimbabwe Limited: 62% ownership, acquired October 2017.

Frequently Asked Questions

Who is the owner of FMB bank?

FMB Capital Holdings was founded by Hitesh Anadkat and his family, who remain the key stakeholders of the company. The bank's ownership is a family-led partnership with Prime Bank of Kenya.

Who are the shareholders of FMBcapital Holdings PLC?

FMBcapital Holdings PLC is owned by First Merchant Bank (100%), Leasing & Finance Company of Malawi Limited, and other subsidiaries. The company's shareholders also include Capital Bank Botswana (38.60%), Capital Bank Mozambique (70%), and First Capital Bank Zambia (49%).

What is the credit rating of FMBcapital Holdings PLC?

FMBcapital Holdings PLC has a strong credit rating of A+ (Long Term) and A1 (Short Term) from Global Credit Rating Co. This indicates a high level of creditworthiness and stability.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.