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Egyptian (CASE/EGX) Banks Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies11
- 7D-0.2%
- 3M0.04%
- 1Y13.3%
- YTD11.2%
Over the last 7 days, the Banks industry has remained flat, although notably Qatar National Bank gained 5.6%. The past year has been better, since the industry has gained 15% in that time. Looking forward, earnings are forecast to grow by 9.7% annually.
Industry Valuation and Performance
Has the Egyptian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ج.م428.3b | ج.م199.0b | ج.م97.9b | 3.2x | 4.4x | 2.2x |
| Sat, 19 Oct 2024 | ج.م392.5b | ج.م179.0b | ج.م85.0b | 3.5x | 4.6x | 2.2x |
| Mon, 16 Sep 2024 | ج.م409.9b | ج.م179.0b | ج.م85.0b | 3.4x | 4.8x | 2.3x |
| Wed, 14 Aug 2024 | ج.م400.9b | ج.م173.7b | ج.م81.6b | 3.7x | 4.9x | 2.3x |
| Fri, 12 Jul 2024 | ج.م393.4b | ج.م158.9b | ج.م71.9b | 3.8x | 5.5x | 2.5x |
| Sun, 09 Jun 2024 | ج.م369.8b | ج.م158.9b | ج.م71.9b | 3.6x | 5.1x | 2.3x |
| Tue, 07 May 2024 | ج.م368.8b | ج.م132.3b | ج.م63.6b | 4x | 5.8x | 2.8x |
| Thu, 04 Apr 2024 | ج.م397.9b | ج.م128.7b | ج.م61.2b | 4.7x | 6.5x | 3.1x |
| Sat, 02 Mar 2024 | ج.م397.7b | ج.م126.5b | ج.م59.7b | 5.3x | 6.7x | 3.1x |
| Mon, 29 Jan 2024 | ج.م427.1b | ج.م119.7b | ج.م54.7b | 5.2x | 7.8x | 3.6x |
| Wed, 27 Dec 2023 | ج.م354.0b | ج.م117.3b | ج.م54.1b | 4.4x | 6.5x | 3x |
| Fri, 24 Nov 2023 | ج.م381.6b | ج.م117.3b | ج.م54.1b | 4.5x | 7.1x | 3.3x |
| Sun, 22 Oct 2023 | ج.م294.8b | ج.م104.0b | ج.م47.2b | 3.9x | 6.2x | 2.8x |
| Tue, 19 Sep 2023 | ج.م281.3b | ج.م101.3b | ج.م46.1b | 3.9x | 6.1x | 2.8x |
| Thu, 17 Aug 2023 | ج.م258.1b | ج.م99.3b | ج.م44.9b | 3.5x | 5.8x | 2.6x |
| Sat, 15 Jul 2023 | ج.م246.7b | ج.م90.7b | ج.م39.9b | 4x | 6.2x | 2.7x |
| Mon, 12 Jun 2023 | ج.م247.9b | ج.م87.1b | ج.م38.0b | 4.1x | 6.5x | 2.8x |
| Wed, 10 May 2023 | ج.م235.3b | ج.م81.8b | ج.م35.6b | 4x | 6.6x | 2.9x |
| Fri, 07 Apr 2023 | ج.م233.7b | ج.م77.2b | ج.م32.7b | 4.1x | 7.1x | 3x |
| Sun, 05 Mar 2023 | ج.م241.2b | ج.م77.2b | ج.م32.9b | 4.8x | 7.3x | 3.1x |
| Tue, 31 Jan 2023 | ج.م242.3b | ج.م73.1b | ج.م31.5b | 5.2x | 7.7x | 3.3x |
| Thu, 29 Dec 2022 | ج.م193.8b | ج.م71.2b | ج.م30.2b | 4.6x | 6.4x | 2.7x |
| Sat, 26 Nov 2022 | ج.م176.8b | ج.م70.4b | ج.م29.8b | 4.3x | 5.9x | 2.5x |
| Mon, 24 Oct 2022 | ج.م137.4b | ج.م68.1b | ج.م29.2b | 3.6x | 4.7x | 2x |
| Wed, 21 Sep 2022 | ج.م133.8b | ج.م67.1b | ج.م28.6b | 3.5x | 4.7x | 2x |
| Fri, 19 Aug 2022 | ج.م134.0b | ج.م66.2b | ج.م28.2b | 4.2x | 4.8x | 2x |
| Sun, 17 Jul 2022 | ج.م120.5b | ج.م64.5b | ج.م27.5b | 3.6x | 4.4x | 1.9x |
| Tue, 14 Jun 2022 | ج.م136.0b | ج.م63.6b | ج.م27.3b | 4.1x | 5x | 2.1x |
| Thu, 12 May 2022 | ج.م145.2b | ج.م63.1b | ج.م27.0b | 4.2x | 5.4x | 2.3x |
| Sat, 09 Apr 2022 | ج.م153.5b | ج.م59.7b | ج.م25.5b | 4.5x | 6x | 2.6x |
| Mon, 07 Mar 2022 | ج.م162.3b | ج.م63.1b | ج.م26.8b | 4.1x | 6.1x | 2.6x |
| Wed, 02 Feb 2022 | ج.م178.2b | ج.م61.3b | ج.م26.0b | 4.5x | 6.9x | 2.9x |
| Fri, 31 Dec 2021 | ج.م174.7b | ج.م61.0b | ج.م26.1b | 3.7x | 6.7x | 2.9x |
| Sun, 28 Nov 2021 | ج.م168.1b | ج.م60.6b | ج.م26.1b | 4.3x | 6.4x | 2.8x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are pessimistic on the Egyptian 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 4.4x which is lower than its 3-year average PE of 6.0x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 55% per year over the last three years.
- Revenues for these companies have grown 49% 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 Egyptian Financials industry?
| EG Market | -1.56% | |
| Financials | -1.32% | |
| Banks | -0.24% | |
| Diversified Banks | -0.21% | |
| Regional Banks | -0.96% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 6.1x.
- Analysts are expecting annual earnings growth of 9.5%, which is lower than the prior year's growth of 90.5% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 4.0x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 90% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.5% per year 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 | |
|---|---|---|---|---|---|
| QNBE Qatar National Bank | ج.م35.05 | 5.6% +ج.م4.0b | 25.2% | PB1x | |
| CANA Suez Canal Bank (S.A.E) | ج.م22.78 | 22.8% +ج.م2.1b | 104.5% | PB1x | |
| FAITA Faisal Islamic Bank of Egypt | US$1.02 | 2.2% +US$13.3m | 3.1% | PB0.9x | |
| HDBK Housing and Development Bank- Egypt (S.A.E) | ج.م54.16 | 2.2% +ج.م611.0m | 37.9% | PB1.2x | |
| SAUD alBaraka Bank EgyptE | ج.م14.17 | 1.4% +ج.م138.2m | 25.6% | PB0.9x |