Sadiq Bathuru

Founder-StocksIntels
Co-Founder- Capitta Finance

[FRANKLIN @WaruhiuFranklin]

Car and General H1 2026 Earnings Analysis:

Car and General delivered an exceptionally strong H1 2026 performance with sharp growth in revenue, profitability, cash generation and returns to shareholders.

Revenue grew 30% to KES 15.64 billion in H1 2026 from KES 12.03 billion in H1 2026 driven by sales growth of 40% in Kenya, 35% in Uganda and 22% in Tanzania.

EBITDA grew by an impressive 131.8% to KES 3.56 billion compared to KES 1.54 billion the previous year. EBITDA margin of 22.8% in line with management's guidance of above 10%.

Profit after tax surged 308.8% to KES 2.60 billion primarily driven by a KES 2.04 billion share of profit in Watu Credit (up +382.3% from KES 422.7 million).

The share of profit in Watu Credit increased significantly driven by mobile phone financing and continued strong performance across Africa.

EPS rose significantly to KES 32.26 in H1 2026 from KES 7.93 in H1 2025. The board declared an interim dividend of KES 1 from KES 0.30 last year.

Return on Equity jumped from 21.1% to 55.5% pointing that earnings grew at a faster rate than shareholder funds.

The group has a strong liquidity position. Working capital increased significantly by 201% to KES 947 million while cash balances increased 254% to KES 675 million. Cash generated from operating activities grew 118.5% to KES 1.97 billion.

In Kenya, the average monthly motorcycle sales grew to 12,000 units in 2026 from 7,000 in 2025. This points to strong demand in motorcycles, a core segment of the business. Tanzania also saw modest growth in two wheeler and three wheeler sales.

Car and General holds 22.5 acres in Shanzu having sold 1.5 acres in 2026. The group plans to sell a portion of the land during the remainder of the year.

Management said: "We are seeing growth across all product lines throughout the region."

Our Valuation View:

We have raised our blended fair value estimate to KES 366.52 per share with a valuation range of KES 287 to KES 436.90.

Relative valuation:

1. P/E: Applying a multiple of 6x earnings we arrived at a fair value estimate of KES 387 per share.

2. EV/EBITDA: Applying an EV/EBITDA multiple of 6x we arrived at a fair value estimate of KES 436.90 per share.

Intrinsic valuation:

3. DCF: We obtained an intrinsic value of KES 286.75 per share

We assigned equal weights of approximately 33% to each result and obtained a blended fair value estimate of KES 366.52 per share.

If you strip out the contribution from the share of profit in Watu Credit, core operating earnings would stand at roughly KES 1.34 billion. The net income attributable to core operations would be approximately KES 585 million for H1 2026 equivalent to an EPS of KES 7.29. Annualized FY2026 stands at KES 14.58 per share. Applying a conservative multiple of 6x to these earnings produces a fair value estimate of approximately KES 87.48.

Key areas to watch going forward would include sustainability of Watu Credit's profitability growth and continued growth of motorcycle sales.

The company is in a significantly stronger financial position than the previous year. However, I have a few important questions for the readers:

1. How sustainable is the growth in Watu Credit profitability?
2. How is Watu Credit performing in each of its key markets?
3. Will C&G maintain the motorcycle sales into 2027 and beyond?
4. How material is the contribution from the Boda Plus helmet manufacturing subsidiary and what is its longer-term potential?
5. Will a depreciating USD/KES exchange rate impact motorcycle imports?
6. With cash position rising sharply to KES 675 million and operating cash flow nearly doubling, what is management’s priority for excess capital? Growth or dividends?
7. Why did borrowings still increase despite stronger cash generation?
8. What level of ROE does management view as normalised over the medium term (currently 55.5%)?
9. Finally, does the current price of KES 288 offer investors an adequate margin of safety?

#InvestWithEncap

[NSE PLC @NSE_PLC]

Crown Paints has reported an 11% increase in net profit to Kshs. 486 Million for H1 2026, as revenue grew 13% to KES 8.38 Billion.

Profit before tax rose 25.5% to KES 688 Million, with operating activities generating KES 681 Million during the period.

See below the company's profitability history.

[NSE PLC @NSE_PLC]

❗ Important Notice ❗
Co-operative Bank of Kenya Ltd - Un-audited Results of the Group & the Bank for the Period Ended 30-Jun-2026

[Sadiq Bathuru @Sadic40121930]

WSA Banking Index ETF approved for listing on the NSE — first locally-domiciled ETF.
Tracks the NSE Banking Index. Brings total ETFs on NSE to 3.
Issued by Wallstreet Africa + Tradiam Asset Managers.
Deepening Kenya’s capital market​​​​​​​​​​​​​​​​​​​​​​​​

-stocksintels

[Sadiq Bathuru @Sadic40121930]

📈 Real-time stock alerts that actually matter.
Just got hit with: • CGEN +9.9% from entry • CARB +6.36% • Fresh Buy Signal on COOP (Co-operative Bank of Kenya)
All tracked live on https://t.co/gpQJew58mF with entry prices, confidence levels, and targets.

[Kenyan Wall Street @kenyanwalstreet]

The Capital Markets Authority has approved the listing of the WSA Banking Index ETF on the NSE, making it Kenya’s first locally domiciled ETF.

The fund, issued by Wall Street Africa with Tradiam Asset Managers, will track the NSE Banking Index and give investors exposure to 11 listed banks.

[Sadiq Bathuru @Sadic40121930]

NSE Top Movers 📈
🚀 CGEN +19.85%
📈 SKL +7.31%
📈 SLAM +5.51%
📉 UCHM -5.95%
📉 UNGA -4.76%
Car & General leading the charge!
#NSE #KenyaStocks​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​#stocksintels

[Kenyan Wall Street @kenyanwalstreet]

EXCLUSIVE: Nairobi Securities Exchange plans to relocate its headquarters to the 17th Floor at GTC Office Tower in Westlands- joining the likes of JP Morgan, JW Marriott, and other global firms who already reside within the GTC Complex.

https://t.co/4jAAjfw4UW

[Sadiq Bathuru @Sadic40121930]

💚 Safaricom-Vodafone stake: KES 204Bn
🏟️ Talanta Stadium: KES 44.79Bn
🏭 Bamburi Cement (Amsons): KES 23.6Bn
🌍 DRC Cement financing: $130M
StocksIntels tracks the intel behind them — signal, not just headlines.
👉 https://t.co/gpQJew58mF

[Sadiq Bathuru @Sadic40121930]

💚 Safaricom-Vodafone stake: KES 204Bn
🏟️ Talanta Stadium: KES 44.79Bn
🏭 Bamburi Cement (Amsons): KES 23.6Bn
🌍 DRC Cement financing: $130M
StocksIntels tracks the intel behind them — signal, not just headlines.
👉 https://t.co/gpQJew58mF

[Sadiq Bathuru @Sadic40121930]

📊 Earnings Watch | Aug 7, 2026
ABM (Sep 4): EPS $1.02 | Rev $2.3B
AGX: EPS $2.69 | Rev $304M
AI: EPS -$0.26 | Rev $54M
AOUT: EPS -$0.24 | Rev $36M
ASAN: EPS $0.09 | Rev $218M
BBCP (AH): EPS $0.09 | Rev $112M
Source: StocksIntels
#EarningsSeason #Stocks

[NSE PLC @NSE_PLC]

The @NSE_PLC has officially surpassed Kshs. 4 trillion in market capitalization, a historic milestone that underscores the remarkable transformation of Kenya’s capital markets.

Anchored on the NSE’s 2025–2029 Strategic Plan, this achievement reflects growing investor confidence, a strong listings pipeline, increased domestic participation, product innovation, and sustained market momentum.

It is a powerful testament to our strategy of deepening Kenya’s capital markets, expanding investment opportunities, and positioning the NSE as one of Africa’s leading and most dynamic exchanges.

[Sadiq Bathuru @Sadic40121930]

@moneyacademyKE NSE is growing so rapidly

[Sadiq Bathuru @Sadic40121930]

Today’s Analyst Take 👇

$XOM — Strong Buy (65% confidence)
Entry: $153.60 | FCF yield: 9.3%
Bullish MACD + positive sentiment + M&A catalyst

15:30 EAT — US oil inventories dropping. Watch energy plays.

Technology leading at +3.93%
Automobiles +1.64%

https://t.co/gpQJew58mF

[Sadiq Bathuru @Sadic40121930]

NSE OPEN | Global pre-market
🇰🇪 NSE 20: 4,149 (+2.1%)
🌍 S&P 500: 7,601 (+1.5%)
📈 NASDAQ: 25,914 (+2.1%)
📊 Dow: 53,178 (+1.3%)
Everything green.
Powered by:
StocksIntels | https://t.co/gpQJew58mF

[Central Bank of Kenya @CBKKenya]

This time, we have given you the choice of not one, not two, but three Infrastructure Bonds. Log into your DhowCSD account, make your choice, and invest to enjoy tax-free income.

[Sadiq Bathuru @Sadic40121930]

StocksIntels is tracking 121 active signals across NSE and NYSE this week.

AMZN +15.32%. AAPL -7.35%. NSE 20 at 4062.67.

Consumer Goods leading. Media lagging.

This is what market intelligence looks like.

👉 https://t.co/gpQJew58mF

#StocksIntels #NSE #NYSE #AfricanMarkets

[NSE PLC @NSE_PLC]

How does the @NSE_PLC protect investors?

Did you know that the NSE operates as a Self-Regulatory Organization (SRO), helping to uphold fair, orderly, and transparent markets while safeguarding investor interests?

What does this role entail, and why is it important for market integrity and investor confidence?

Listen as Betta Kombe, Senior Manager, Market Compliance & Surveillance, explains how the NSE's self-regulatory function contributes to maintaining a trusted, transparent, and well-regulated capital market.

#NSE #InvestorEducation #CapitalMarkets #FinancialLiteracy #MarketIntegrity #InvestorProtection

[Sadiq Bathuru @Sadic40121930]

I’ve spent months watching African investors use tools built for Wall Street to navigate the NSE.

Wrong map. Wrong signals. Wrong market.

So we built something different.

StocksIntels

One platform. Real signals. Your edge.

👉 https://t.co/gpQJew58mF

#StocksIntels #NSE

[Sadiq Bathuru @Sadic40121930]

I’ve spent months watching African investors use tools built for Wall Street to navigate the NSE.

Wrong map. Wrong signals. Wrong market.

So we built something different.

StocksIntels

One platform. Real signals. Your edge.

👉 https://t.co/gpQJew58mF

#StocksIntels #NSE