Nedbank Group is a financial services company that provides wholesale and retail banking, as well as insurance, asset management, and wealth management services, primarily in South Africa and other regions.
Sector: Banks
ZA_NED
Shares: connector/market_inputs
Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | Net interest incomeB ZAR | Net profitB ZAR | AssetsB ZAR | EquityB ZAR | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | H1 2026 (6M) | OK | 22.0 y/y 4.0% | 8.4 y/y 14.0% | 1610.0 y/y 7.8% | 116.4 y/y 2.0% | 14.5% | Report (PDF) |
| 2025-12-31 | H2 2025 (6M) | OK | 21.7 y/y 3.2% | 0.5 y/y -94.8% | 1558.6 y/y 9.9% | 114.0 y/y 1.6% | 6.8% | Report (PDF) |
| 2025-06-30 | H1 2025 (6M) | OK | 21.2 y/y 1.9% | 7.3 y/y -7.4% | 1494.0 y/y 10.3% | 114.1 y/y 5.8% | 13.0% | Report (PDF) |
| 2024-12-31 | H2 2024 (6M) | OK | 21.0 y/y -41.6% | 8.9 y/y -5.5% | 1418.5 y/y 8.2% | 112.3 y/y -5.1% | 15.3% | Report (PDF) |
| 2024-06-30 | H1 2024 (6M) | OK | 20.8 y/y -28.7% | 7.9 y/y 8.1% | 1354.8 y/y 3.7% | 107.9 y/y -7.7% | 14.0% | Report (PDF) |
| 2023-12-31 | H2 2023 (6M) | OK | 36.0 y/y — | 9.4 y/y — | 1311.4 y/y — | 118.3 y/y — | 14.2% | Link |
| 2023-06-30 | H1 2023 (6M) | OK | 29.2 y/y — | 7.3 y/y — | 1306.7 y/y — | 116.9 y/y — | — | Link |
Our earnings breakdowns and investment notes on this issuer.
Group: Banks. Each peer is shown as it trades and re-priced onto this company's market (South Africa) by the ratio of our coverage medians.
| Company | Market | Cap, $bn | P/E | P/E, adjusted |
|---|---|---|---|---|
| State Bank of India | India | 92.2 | 10.3x | 4.0x |
| Emirates NBD | UAE | 53.4 | 8.1x | 5.5x |
| HDFC Bank | India | 113.5 | 15.5x | 6.1x |
| Bradesco | Brazil | 39.0 | 8.3x | 6.5x |
| ICICI Bank | India | 97.9 | 16.8x | 6.6x |
| First Abu Dhabi Bank | UAE | 58.4 | 10.1x | 6.9x |
| Shinhan Financial Group | Korea | 36.1 | 8.9x | 7.1x |
| KB Financial Group | Korea | 43.9 | 9.4x | 7.5x |
| Bank Central Asia | Indonesia | 41.7 | 12.9x | 17.9x |
| Royal Bank of Canada | Canada | 271.6 | 19.0x | — |
| Mitsubishi UFJ Financial Group | Japan | 258.1 | 15.1x | — |
| Bank of Nova Scotia | Canada | 112.5 | 20.6x | — |
| Group median | 11.6x | 6.6x | ||
| Group average | 12.9x | 7.6x | ||
| This company | South Africa | 7.8 | 14.6x | 14.6x |
Group median 11.6x as traded, 6.6x adjusted; this company 14.6x — a 122% premium.
Group average 12.9x as traded, 7.6x adjusted; against the average this company is at a 93% premium.
At the adjusted group median the market cap would be -55% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 29.3x, Russia 5.9x, South Africa 10.7x, Kazakhstan 9.4x, India 27.4x, Indonesia 7.7x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-05; the company's own is live.
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-08-26 | 1 052 ZAR | Ex-dividend: 1 052 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2026-04-08 | 1 104 ZAR | Ex-dividend: 1 104 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2025-09-03 | 1 028 ZAR | Ex-dividend: 1 028 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2025-04-09 | 1 104 ZAR | Ex-dividend: 1 104 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2024-09-04 | 971 ZAR | Ex-dividend: 971 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2024-04-10 | 1 022 ZAR | Ex-dividend: 1 022 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2023-09-06 | 871 ZAR | Ex-dividend: 871 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2023-04-12 | 866 ZAR | Ex-dividend: 866 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2022-08-31 | 783 ZAR | Ex-dividend: 783 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2022-04-06 | 758 ZAR | Ex-dividend: 758 ZAR per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://www.nedbankgroup.co.za/content/nedbank-group/investor-relations.html
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of Nedbank Group — from primary filings.
See also: South African Stocks (2026): Gold, Cheap Banks and the JSE Discount · The Cheapest Bank Stocks in the World (2026): Where Global Banks Trade Below Book · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map