공지 • Feb 24
Qatar National Bank announces Annual dividend, payable on March 12, 2026 Qatar National Bank announced Annual dividend of EGP 2.0000 per share payable on March 12, 2026, ex-date on March 10, 2026 and record date on March 11, 2026. 공지 • Jan 23
Qatar National Bank, Annual General Meeting, Feb 15, 2026 Qatar National Bank, Annual General Meeting, Feb 15, 2026, at 14:30 Egypt Standard Time. Location: cairo Egypt Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Non-Executive Director Hamad Talal Al-Abdallah Al Thani was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공지 • Jan 28
Qatar National Bank, Annual General Meeting, Feb 20, 2025 Qatar National Bank, Annual General Meeting, Feb 20, 2025, at 14:30 Egypt Standard Time. Location: cairo Egypt Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ج.م31.54, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 3x in the Banks industry in Egypt. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م17.47 per share. 공지 • Sep 12
Qatar National Bank (CASE:QNBE) announces an Equity Buyback for QAR 2,900 million worth of its shares. Qatar National Bank (CASE:QNBE) announces a share repurchase program. Under the program, the company will repurchase up to QAR 2,900 million worth of its shares. The program is a part of the evolution of company's disciplined capital distribution and allocation policy. The company intends to fund its share buyback from its retained earnings and surplus liquid funds available with the company. The repurchases will be executed after obtaining regulatory approvals from the Qatar Central Bank (QCB) and Qatar Financial Markets Authority (QFMA). Reported Earnings • Jul 12
Second quarter 2024 earnings released: EPS: ج.م2.40 (vs ج.م1.59 in 2Q 2023) Second quarter 2024 results: EPS: ج.م2.40 (up from ج.م1.59 in 2Q 2023). Revenue: ج.م10.9b (up 48% from 2Q 2023). Net income: ج.م6.70b (up 96% from 2Q 2023). Profit margin: 62% (up from 47% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 04
Price target decreased by 7.9% to ج.م47.25 Down from ج.م51.30, the current price target is an average from 4 analysts. New target price is 59% above last closing price of ج.م29.67. Stock is up 50% over the past year. The company is forecast to post earnings per share of ج.م12.00 for next year compared to ج.م6.57 last year. Major Estimate Revision • May 11
Consensus revenue estimates increase by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ج.م47.2b to ج.م56.2b. EPS estimate unchanged from ج.م12.00 at last update. Banks industry in Egypt expected to see average net income growth of 45% next year. Consensus price target up from ج.م49.63 to ج.م51.30. Share price fell 3.3% to ج.م30.56 over the past week. Reported Earnings • Apr 15
First quarter 2024 earnings released: EPS: ج.م2.86 (vs ج.م1.59 in 1Q 2023) First quarter 2024 results: EPS: ج.م2.86 (up from ج.م1.59 in 1Q 2023). Revenue: ج.م9.12b (up 31% from 1Q 2023). Net income: ج.م7.04b (up 106% from 1Q 2023). Profit margin: 77% (up from 49% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م32.91, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Banks industry in Egypt. Total returns to shareholders of 123% over the past three years. Upcoming Dividend • Mar 05
Upcoming dividend of ج.م1.00 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 14 March 2024. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Egyptian dividend payers (5.9%). Higher than average of industry peers (1.6%). Declared Dividend • Feb 29
Dividend increased to ج.م1.00 Dividend of ج.م1.00 is 33% higher than last year. Ex-date: 12th March 2024 Payment date: 14th March 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م39.02, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Banks industry in Egypt. Total returns to shareholders of 141% over the past three years. Reported Earnings • Jan 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ج.م6.57 (up from ج.م4.20 in FY 2022). Revenue: ج.م30.0b (up 55% from FY 2022). Net income: ج.م16.2b (up 79% from FY 2022). Profit margin: 54% (up from 47% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year. Major Estimate Revision • Jan 15
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ج.م42.0b to ج.م43.7b. EPS estimate increased from ج.م7.86 to ج.م8.81 per share. Net income forecast to grow 34% next year vs 34% growth forecast for Banks industry in Egypt. Consensus price target up from ج.م40.78 to ج.م44.75. Share price rose 8.8% to ج.م33.27 over the past week. Price Target Changed • Oct 12
Price target increased by 12% to ج.م34.58 Up from ج.م30.88, the current price target is an average from 4 analysts. New target price is 55% above last closing price of ج.م22.29. Stock is up 43% over the past year. The company is forecast to post earnings per share of ج.م7.12 for next year compared to ج.م4.20 last year. Reported Earnings • Oct 11
Third quarter 2023 earnings released: EPS: ج.م1.19 (vs ج.م1.20 in 3Q 2022) Third quarter 2023 results: EPS: ج.م1.19. Revenue: ج.م7.61b (up 52% from 3Q 2022). Net income: ج.م3.86b (up 50% from 3Q 2022). Profit margin: 51% (in line with 3Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Egypt. Price Target Changed • Sep 12
Price target increased by 11% to ج.م32.35 Up from ج.م29.03, the current price target is an average from 4 analysts. New target price is 51% above last closing price of ج.م21.49. Stock is up 34% over the past year. The company is forecast to post earnings per share of ج.م6.79 for next year compared to ج.م4.20 last year. Major Estimate Revision • Jul 17
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ج.م29.8b to ج.م32.4b. EPS estimate increased from ج.م5.32 to ج.م6.22 per share. Net income forecast to grow 3.1% next year vs 23% growth forecast for Banks industry in Egypt. Consensus price target broadly unchanged at ج.م29.03. Share price rose 14% to ج.م22.73 over the past week. New Risk • Jul 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 1,688% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: ج.م1.36 (vs ج.م1.03 in 2Q 2022) Second quarter 2023 results: EPS: ج.م1.36 (up from ج.م1.03 in 2Q 2022). Revenue: ج.م7.33b (up 56% from 2Q 2022). Net income: ج.م3.95b (up 78% from 2Q 2022). Profit margin: 54% (up from 47% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 13
First quarter 2023 earnings released: EPS: ج.م2.19 (vs ج.م0.65 in 1Q 2022) First quarter 2023 results: EPS: ج.م2.19 (up from ج.م0.65 in 1Q 2022). Revenue: ج.م8.47b (up 117% from 1Q 2022). Net income: ج.م4.72b (up 235% from 1Q 2022). Profit margin: 56% (up from 36% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Apr 11
Price target increased by 7.3% to ج.م27.76 Up from ج.م25.86, the current price target is an average from 5 analysts. New target price is 61% above last closing price of ج.م17.25. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of ج.م5.14 for next year compared to ج.م4.20 last year. Price Target Changed • Mar 20
Price target increased by 12% to ج.م27.66 Up from ج.م24.78, the current price target is an average from 5 analysts. New target price is 63% above last closing price of ج.م16.96. Stock is down 14% over the past year. The company is forecast to post earnings per share of ج.م5.10 for next year compared to ج.م4.20 last year. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م16.35, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Banks industry in Egypt. Total loss to shareholders of 6.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م21.84 per share. Upcoming Dividend • Mar 07
Upcoming dividend of ج.م0.75 per share at 3.7% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 16 March 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Egyptian dividend payers (7.4%). Higher than average of industry peers (2.6%). 공지 • Feb 02
QNB Alahli S.A.E(CASE:QNBA) dropped from EGX 30 Index QNB Alahli S.A.E has been dropped from EGX 30 Index . Reported Earnings • Jan 14
Full year 2022 earnings released: EPS: ج.م4.20 (vs ج.م3.10 in FY 2021) Full year 2022 results: EPS: ج.م4.20 (up from ج.م3.10 in FY 2021). Revenue: ج.م19.3b (up 26% from FY 2021). Net income: ج.م10.4b (up 55% from FY 2021). Profit margin: 54% (up from 44% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 19% share price gain to ج.م18.13, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Banks industry in Egypt. Total loss to shareholders of 1.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م24.60 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Non-Executive Director Hamad Talal Al-Abdallah Al Thani was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 11
Third quarter 2022 earnings released: EPS: ج.م0.78 (vs ج.م0.89 in 3Q 2021) Third quarter 2022 results: EPS: ج.م0.78. Revenue: ج.م4.99b (up 23% from 3Q 2021). Net income: ج.م2.58b (up 35% from 3Q 2021). Profit margin: 52% (up from 47% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Egypt. Reported Earnings • Jul 09
Second quarter 2022 earnings released: EPS: ج.م0.84 (vs ج.م0.88 in 2Q 2021) Second quarter 2022 results: EPS: ج.م0.84. Revenue: ج.م4.71b (up 23% from 2Q 2021). Net income: ج.م2.55b (up 34% from 2Q 2021). Profit margin: 54% (up from 50% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 37%, compared to a 18% growth forecast for the industry in Egypt. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Chairman Ali Al-Mohannadi was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 14
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ج.م0.87 (up from ج.م0.76 in 1Q 2021). Revenue: ج.م3.90b (up 7.8% from 1Q 2021). Net income: ج.م1.87b (up 15% from 1Q 2021). Profit margin: 48% (up from 45% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 35%, compared to a 20% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Apr 11
Inaugural dividend of ج.م0.75 per share Eligible shareholders must have bought the stock before 18 April 2022. Payment date: 20 April 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in April 2013. The average dividend yield among industry peers is 4.9%. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م19.70, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Banks industry in Egypt. Total returns to shareholders of 6.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م25.07 per share. Reported Earnings • Jan 13
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ج.م3.10 (up from ج.م3.08 in FY 2020). Revenue: ج.م15.3b (up 5.6% from FY 2020). Net income: ج.م7.63b (up 15% from FY 2020). Profit margin: 50% (up from 46% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 40%, compared to a 20% growth forecast for the banks industry in Egypt. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Reported Earnings • Oct 11
Third quarter 2021 earnings released: EPS ج.م0.59 (vs ج.م0.83 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ج.م4.07b (up 8.2% from 3Q 2020). Net income: ج.م1.91b (up 6.2% from 3Q 2020). Profit margin: 47% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 15
Second quarter 2021 earnings released: EPS ج.م0.99 (vs ج.م0.92 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ج.م3.84b (up 14% from 2Q 2020). Net income: ج.م2.13b (up 7.9% from 2Q 2020). Profit margin: 56% (down from 59% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 13
First quarter 2021 earnings released: EPS ج.م0.91 (vs ج.م0.67 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ج.م3.79b (down 2.9% from 1Q 2020). Net income: ج.م1.97b (up 37% from 1Q 2020). Profit margin: 52% (up from 37% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 24
New 90-day low: ج.م16.00 The company is down 6.0% from its price of ج.م17.00 on 26 November 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م15.15 per share. Analyst Estimate Surprise Post Earnings • Jan 19
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 30%, compared to a 15% growth forecast for the Banks industry in Egypt. Analyst Estimate Surprise Post Earnings • Jan 15
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 30%, compared to a 16% growth forecast for the Banks industry in Egypt. Reported Earnings • Jan 15
Full year 2020 earnings released: EPS ج.م3.08 The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins were improved. Full year 2020 results: Revenue: ج.م14.5b (down 4.9% from FY 2019). Net income: ج.م7.49b (flat on FY 2019). Profit margin: 52% (up from 49% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 28
New 90-day high: ج.م17.98 The company is up 23% from its price of ج.م14.60 on 29 September 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م12.83 per share. Is New 90 Day High Low • Dec 08
New 90-day high: ج.م17.44 The company is up 17% from its price of ج.م14.86 on 09 September 2020. The Egyptian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م11.48 per share. Is New 90 Day High Low • Nov 08
New 90-day high: ج.م16.79 The company is up 11% from its price of ج.م15.10 on 10 August 2020. The Egyptian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م11.96 per share. Is New 90 Day High Low • Oct 22
New 90-day high: ج.م16.50 The company is up 6.0% from its price of ج.م15.50 on 22 July 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م12.01 per share. Analyst Estimate Surprise Post Earnings • Oct 17
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 6.5% at ج.م3.86b. Revenue is forecast to grow 25% over the next year, compared to a 8.8% growth forecast for the Banks industry in Egypt. Reported Earnings • Oct 17
Third quarter earnings released Over the last 12 months the company has reported total profits of ج.م6.90b, down 3.4% from the prior year. Total revenue was ج.م14.7b over the last 12 months, down 1.4% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 13
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 6.5% at ج.م3.86b. Revenue is forecast to grow 22% over the next year, compared to a 10% growth forecast for the Banks industry in Egypt. Reported Earnings • Oct 13
Third quarter earnings released Over the last 12 months the company has reported total profits of ج.م6.38b, down 14% from the prior year. Total revenue was ج.م15.0b over the last 12 months, largely unchanged from the prior year.