Does National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Deserve A Spot On Your Watchlist?
Nov 27
Emirati (ADX) Banks Industry Analysis
UpdatedDec 06, 2023
DataAggregated Company Financials
Companies18
- 7D-0.04%
- 3M1.8%
- 1Y2.0%
- YTD0.4%
The Banks industry has been flat over the last week, but National Bank of Ras Al-Khaimah (P.S.C.) has lost 5.1%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the Emirati Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 06 Dec 2023 | د.إ519.3b | د.إ119.3b | د.إ67.4b | 8.2x | 7.7x | 4.4x |
| Fri, 03 Nov 2023 | د.إ510.4b | د.إ119.5b | د.إ67.7b | 8.2x | 7.5x | 4.3x |
| Sun, 01 Oct 2023 | د.إ530.6b | د.إ110.8b | د.إ62.3b | 8.5x | 8.5x | 4.8x |
| Tue, 29 Aug 2023 | د.إ534.3b | د.إ110.8b | د.إ62.3b | 8.6x | 8.6x | 4.8x |
| Thu, 27 Jul 2023 | د.إ536.4b | د.إ104.9b | د.إ56.5b | 8.8x | 9.5x | 5.1x |
| Sat, 24 Jun 2023 | د.إ503.6b | د.إ102.4b | د.إ54.2b | 9.2x | 9.3x | 4.9x |
| Mon, 22 May 2023 | د.إ492.6b | د.إ102.0b | د.إ54.0b | 9.2x | 9.1x | 4.8x |
| Wed, 19 Apr 2023 | د.إ486.6b | د.إ95.1b | د.إ50.0b | 9.4x | 9.7x | 5.1x |
| Fri, 17 Mar 2023 | د.إ466.4b | د.إ94.4b | د.إ50.9b | 9.4x | 9.2x | 4.9x |
| Sun, 12 Feb 2023 | د.إ498.1b | د.إ94.4b | د.إ50.8b | 9.7x | 9.8x | 5.3x |
| Tue, 10 Jan 2023 | د.إ505.2b | د.إ88.5b | د.إ48.1b | 9.7x | 10.5x | 5.7x |
| Thu, 08 Dec 2022 | د.إ515.9b | د.إ88.5b | د.إ48.1b | 9.7x | 10.7x | 5.8x |
| Sat, 05 Nov 2022 | د.إ533.9b | د.إ88.7b | د.إ47.3b | 9.6x | 11.3x | 6x |
| Mon, 03 Oct 2022 | د.إ530.4b | د.إ84.1b | د.إ44.3b | 11.1x | 12x | 6.3x |
| Wed, 31 Aug 2022 | د.إ549.0b | د.إ84.0b | د.إ44.9b | 11.4x | 12.2x | 6.5x |
| Fri, 29 Jul 2022 | د.إ540.0b | د.إ80.1b | د.إ41.9b | 10.7x | 12.9x | 6.7x |
| Sun, 26 Jun 2022 | د.إ516.3b | د.إ78.8b | د.إ40.7b | 10.8x | 12.7x | 6.6x |
| Tue, 24 May 2022 | د.إ534.5b | د.إ78.8b | د.إ40.7b | 11.5x | 13.1x | 6.8x |
| Thu, 21 Apr 2022 | د.إ597.4b | د.إ73.0b | د.إ35.4b | 14.2x | 16.9x | 8.2x |
| Sat, 19 Mar 2022 | د.إ586.8b | د.إ72.9b | د.إ35.4b | 13.6x | 16.6x | 8x |
| Mon, 14 Feb 2022 | د.إ551.6b | د.إ72.7b | د.إ35.1b | 12.2x | 15.7x | 7.6x |
| Wed, 12 Jan 2022 | د.إ517.6b | د.إ66.2b | د.إ28.4b | 13.4x | 18.2x | 7.8x |
| Fri, 10 Dec 2021 | د.إ533.2b | د.إ66.2b | د.إ28.4b | 13.1x | 18.7x | 8x |
| Sun, 07 Nov 2021 | د.إ495.3b | د.إ65.4b | د.إ29.2b | 12x | 17x | 7.6x |
| Tue, 05 Oct 2021 | د.إ477.6b | د.إ61.6b | د.إ25.8b | 12.8x | 18.5x | 7.8x |
| Thu, 02 Sep 2021 | د.إ469.8b | د.إ61.6b | د.إ25.8b | 12.7x | 18.2x | 7.6x |
| Sat, 31 Jul 2021 | د.إ458.8b | د.إ61.6b | د.إ25.8b | 12.9x | 17.8x | 7.4x |
| Tue, 04 May 2021 | د.إ412.6b | د.إ59.5b | د.إ24.9b | 12.1x | 16.5x | 6.9x |
| Fri, 05 Feb 2021 | د.إ425.7b | د.إ58.0b | د.إ23.4b | 13x | 18.2x | 7.3x |
Price to Earnings Ratio
16.8x
Current Industry PE
- Investors are pessimistic on the Emirian Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.7x which is lower than its 3-year average PE of 13.7x.
- The 3-year average PS ratio of 6.5x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Emirati Financials industry?
| AE Market | -0.68% | |
| Financials | -0.14% | |
| Banks | -0.044% | |
| Regional Banks | 0% | |
| Diversified Banks | -0.044% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 13.7x.
- Analysts are expecting annual earnings growth of 0.6%, which is lower than the prior year's growth of 46.5% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 13.7x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 0.6% over the next 5 years.
- In contrast, the Diversified Banks industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ17.85 | 0.6% +د.إ631.7m | 36.8% | PB1.1x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ5.57 | 0.7% +د.إ289.1m | -3.5% | PB0.9x | |
| NBQ National Bank of Umm Al-Qaiwain (PSC) | د.إ1.80 | 1.1% +د.إ40.0m | 0% | PB0.7x |
