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1180: Share Buyback Completion Will Support Future Shareholder Value

Shifting To More Profitable Segments Like MSME And Mortgages Will Capture Untapped Market Opportunities

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1180
AnalystConsensusTarget
Not Invested
Published 09 Feb 2025

Update shared on 07 Dec 2025

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AnalystConsensusTarget's Fair Value
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1Y
9.5%
7D
-3.3%

Analysts have modestly increased their price target on Saudi National Bank by 0.00 SAR, citing a slightly lower discount rate and marginally improved long term growth and profitability assumptions, while maintaining an essentially unchanged fair value outlook.

What's in the News

  • Completed share buyback of 16,000,000 shares, representing about 0.27% of capital, for a total consideration of SAR 582.35 million under the program announced on April 16, 2025 (Key Developments)
  • Legal ruling in favor of Thimar Development Holding Company, with Saudi National Bank ordered to pay approximately SAR 6.76 million in compensation over disputed cheque deposits into another company’s account (Key Developments)
  • The Thimar case highlights ongoing legal and operational risk related to cheque handling and beneficiary verification processes at Saudi National Bank (Key Developments)

Valuation Changes

  • Fair Value Estimate remains unchanged at approximately SAR 47.83 per share, indicating a stable assessment of intrinsic value.
  • Discount Rate has fallen slightly from about 20.48 percent to 20.48 percent, reflecting a marginally lower perceived risk profile.
  • Revenue Growth is effectively unchanged at around 9.34 percent, suggesting a steady outlook for top line expansion.
  • Net Profit Margin is effectively unchanged at roughly 56.98 percent, indicating a stable long term profitability assumption.
  • Future P/E has edged down slightly from about 17.40x to 17.40x, implying a negligible adjustment to the bank's forward earnings multiple.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.