Here is our analysis of the Safaricom [@SafaricomPLC] full-year results:
#SafaricomFYResults #MwangoInsights
@moneyacademyKE @coldtusker @TheAbojani @DollyOgutu @FundiMuigai @deangichukie @kenyanwalstreet @NSE_Investors @MarketMap_KE @ill_dduor 1/ Here is our analysis of the Safaricom [@SafaricomPLC] full year results with our bit of commentary.
#SafaricomFYResults #MwangoInsights
2/ Here is how the share price has been the past year.
Not been a good year for it being down 11.76 for FY 2022.
#SafaricomFYResults #MwangoInsights
3/ Total revenues were up 17.1% YoY:
#SafaricomFYResults #MwangoInsights
4/ M-Pesa is growing and becoming a key revenue growth driver.
It crossed the KES 100B mark this last financial year.
M-Pesa revenues were up 30.3%% YoY to KES 107.7B.
#SafaricomFYResults #MwangoInsights
5/ Here are some of the new areas that Safaricom [@SafaricomPLC] showed us for the first time:
🟢 Digifarm Revenue:+50% to 400M
🟢 IOT Revenue: +64.5% to 1.2M
🟢 Content Revenue:+100% to 500M
🟢 ICT Revenue: +29.3% to 400M
#SafaricomFYResults #MwangoInsights #BuiltForBetter
6/ The profit after tax was down slightly by 1.7%.
#SafaricomFYResults
7/ Net profit margins were down 440 basis points Year over Year to 22.6%.
#SafaricomFYResults
8/ Dividends:
A major worry for shareholders was that dividends would be cut going into Ethiopia but seems like Safaricom has continued paying for now:
🟢Interim dividend (already paid): KES 0.64
🟢Proposed final dividend: KES 0.75
#SafaricomFYResults
9/ The company is, unsurprisingly, increasing capital expenditure (capex) and capex intensity.
▪️Capex was up jumped 42.4% to KES 49.8B for FY 2022.
▪️Group capex projected to be KES 100-108B in FY23 (Kenya only: KES 40-43B).
#SafaricomFYResults
10/ Updates on Ethiopia:
▪️Commercial launch this year.
▪️Recruited over 305 staff; plans on reaching 1,000 in FY23.
▪️Board of Directors and Executive teams fully established.
And more:
11/ Fuliza, KCB and M-Pesa YoY Growth (KES):
Disbursements
🟢Fuliza: +43.1% to 502.6B (1.37B per day)
🔴KCB-Mpesa: -9.4% to 46.3B
🔴M-Shwari: -8.9% to 6.1B
Revenues:
🟢Fuliza: +31% to 5.94B
🔴KCB-Mpesa: -18.7% to 0.7B
🔴M-Shwari: -13.4% to 1.9B
#SafaricomFYResults
12/ Increased borrowings to fund Ethiopian expansion.
13/ The Safaricom [@SafaricomPLC ] results tool kit:
Presentation:
mwangocapital.files.wordpress.com/2022/05/fy22_i…
Press Release:
mwangocapital.files.wordpress.com/2022/05/fy22_p…
Results Booklet:
mwangocapital.files.wordpress.com/2022/05/fy22_r…
Enjoy!
#SafaricomFYResults
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