Absa (AGRPY, $22.18) earnings double in 2021
Absa Group headline earnings more than doubled to R18.6 billion in 2021 (R8 billion in 2020), on the back of an increase in pre-provision profit and reduction in the impairments charge.
Absa generates most of its income from South Africa. The country’s gross domestic product strengthened from a low base in 2020 and experienced upward momentum for most of the year.
Revenue growth came in at +6%, or +8% in constant currency, bolstered by strong growth in net interest income (+9%).
Non-interest income was close to 2020 levels. The adverse impact of Covid-19-related claims in the insurance business offset strong income increases in areas including Global Markets.
For 2022, Absa expects high single-digit revenue growth, and return on equity at similar levels to 2021.
“While the outlook for the global economy in 2022 is particularly uncertain, we feel positive about the strong base that we have built in the past few years and how this has positioned us to deliver on our strategic objectives,” said Jason Quinn, Absa Interim Group Chief Executive. “We will pursue growth opportunities appropriate to the environment and shore up buffers as needed to ensure that the bank remains resilient.”
Momentum Indicator for AGRPY turns positive, indicating new upward trend
AGRPY saw its Momentum Indicator move above the 0 level on September 08, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for AGRPY just turned positive on September 12, 2025. Looking at past instances where AGRPY's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AGRPY advanced for three days, in of 90 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 188 cases where AGRPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AGRPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AGRPY broke above its upper Bollinger Band on September 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.887) is normal, around the industry mean (1.133). P/E Ratio (6.784) is within average values for comparable stocks, (20.003). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.505). AGRPY's Dividend Yield (0.081) is considerably higher than the industry average of (0.036). P/S Ratio (1.380) is also within normal values, averaging (5.171).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 52, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AGRPY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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