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.”
AGRPY in downward trend: 10-day moving average broke below 50-day moving average on March 12, 2026
The 10-day moving average for AGRPY crossed bearishly below the 50-day moving average on March 12, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on AGRPY as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AGRPY turned negative on February 26, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
AGRPY moved below its 50-day moving average on March 05, 2026 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AGRPY advanced for three days, in of 84 cases, the price rose further within the following month. The odds of a continued upward trend are .
AGRPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 207 cases where AGRPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 slightly 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 (1.171) is normal, around the industry mean (1.165). P/E Ratio (8.951) is within average values for comparable stocks, (17.051). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.261). Dividend Yield (0.059) settles around the average of (0.036) among similar stocks. P/S Ratio (1.820) is also within normal values, averaging (5.855).
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 58, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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.
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.
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