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Egyptian (OMX) Banks Industry Analysis

UpdatedFeb 27, 2024
DataAggregated Company Financials
Companies10
  • 7D-6.6%
  • 3M6.5%
  • 1Y52.7%
  • YTD8.7%

Over the last 7 days, the Banks industry has dropped 6.6%, driven by a pullback from Commercial International Bank (Egypt)E of 8.0%. In the past year, the industry has gained 53%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Egyptian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024ج.م407.8bج.م126.5bج.م59.7b5.3x6.8x3.2x
Fri, 26 Jan 2024ج.م423.1bج.م119.7bج.م54.8b5.2x7.7x3.5x
Sun, 24 Dec 2023ج.م359.9bج.م117.3bج.م54.1b4.6x6.6x3.1x
Tue, 21 Nov 2023ج.م367.3bج.م117.3bج.م56.0b4.4x6.6x3.1x
Thu, 19 Oct 2023ج.م297.2bج.م104.0bج.م47.2b3.9x6.3x2.9x
Sat, 16 Sep 2023ج.م280.2bج.م101.3bج.م46.1b3.9x6.1x2.8x
Mon, 14 Aug 2023ج.م252.4bج.م99.6bج.م44.9b3.7x5.6x2.5x
Wed, 12 Jul 2023ج.م240.3bج.م88.1bج.م38.6b4x6.2x2.7x
Fri, 09 Jun 2023ج.م246.7bج.م87.1bج.م38.0b4.2x6.5x2.8x
Sun, 07 May 2023ج.م238.6bج.م81.8bج.م35.6b4.1x6.7x2.9x
Tue, 04 Apr 2023ج.م226.3bج.م77.2bج.م32.7b4.1x6.9x2.9x
Thu, 02 Mar 2023ج.م246.3bج.م77.2bج.م32.9b4.8x7.5x3.2x
Sat, 28 Jan 2023ج.م236.2bج.م73.1bج.م31.5b5.2x7.5x3.2x
Mon, 26 Dec 2022ج.م195.6bج.م71.2bج.م30.2b4.5x6.5x2.7x
Wed, 23 Nov 2022ج.م173.8bج.م70.3bج.م31.2b4.2x5.6x2.5x
Fri, 21 Oct 2022ج.م137.4bج.م68.1bج.م29.2b3.6x4.7x2x
Sun, 18 Sep 2022ج.م131.0bج.م67.1bج.م28.6b3.5x4.6x2x
Tue, 16 Aug 2022ج.م131.7bج.م66.0bج.م27.9b4.1x4.7x2x
Thu, 14 Jul 2022ج.م120.5bج.م64.5bج.م27.5b3.6x4.4x1.9x
Sat, 11 Jun 2022ج.م138.1bج.م63.6bج.م27.3b4.2x5.1x2.2x
Mon, 09 May 2022ج.م150.1bج.م63.1bج.م27.0b4.2x5.6x2.4x
Wed, 06 Apr 2022ج.م156.0bج.م59.7bج.م25.5b4.5x6.1x2.6x
Fri, 04 Mar 2022ج.م165.4bج.م63.1bج.م26.9b4.1x6.1x2.6x
Sun, 30 Jan 2022ج.م178.6bج.م61.3bج.م26.0b4.5x6.9x2.9x
Tue, 28 Dec 2021ج.م173.7bج.م61.0bج.م26.1b4.3x6.7x2.8x
Thu, 25 Nov 2021ج.م169.0bج.م60.6bج.م26.2b4.3x6.4x2.8x
Sat, 23 Oct 2021ج.م161.6bج.م58.5bج.م25.0b4x6.5x2.8x
Mon, 20 Sep 2021ج.م155.5bج.م58.2bج.م24.9b4.3x6.3x2.7x
Wed, 18 Aug 2021ج.م158.0bج.م58.2bج.م24.9b4.8x6.4x2.7x
Wed, 02 Jun 2021ج.م141.7bج.م57.0bج.م24.0b4.2x5.9x2.5x
Sat, 06 Mar 2021ج.م153.1bج.م57.1bج.م23.6b4.6x6.5x2.7x
Price to Earnings Ratio

6.5x


Total Market Cap: ج.م153.1bTotal Earnings: ج.م23.6bTotal Revenue: ج.م57.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Egyptian Banks Industry Price to Earnings3Y Average 6.2x202220232024
Current Industry PE
  • Investors are optimistic on the Egyptian Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 6.8x which is higher than its 3-year average PE of 6.2x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 30% 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-2.66%
Financials-3.65%
Banks-6.61%
Regional Banks-1.45%
Diversified Banks-6.79%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 6.3x.
    • Analysts are expecting annual earnings growth of 16.9%, which is lower than the prior year's growth of 78.8% per year.
  • Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 45% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FAITA Faisal Islamic Bank of EgyptUS$1.052.7%
+US$17.0m
-7.7%PB0.8x
HDBK Housing and Development Bank- Egypt (S.A.E)ج.م57.021.6%
+ج.م472.9m
159.4%PB1.9x
EGBE Egyptian Gulf Bank (S.A.E)US$0.337.8%
+US$12.0m
-27.7%PB0.7x
CANA Suez Canal Bank (S.A.E)ج.م14.673.1%
+ج.م220.0m
99.4%PB1.1x
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Latest News

COMI

ج.م74.79

Commercial International Bank (Egypt)E

7D

-7.7%

1Y

40.8%

SAUD

ج.م14.69

alBaraka Bank EgyptE

7D

-6.2%

1Y

64.3%

ADIB

ج.م46.50

Abu Dhabi Islamic Bank - Egypt -E

7D

-5.2%

1Y

133.8%

EGBE

US$0.33

Egyptian Gulf Bank (S.A.E)

7D

7.8%

1Y

-27.7%

HDBK

ج.م57.02

Housing and Development Bank- Egypt (S.A.E)

7D

1.6%

1Y

159.4%

QNBA

ج.م37.13

QNB AlahliE

7D

-4.3%

1Y

80.3%

FAITA

US$1.05

Faisal Islamic Bank of Egypt

7D

2.7%

1Y

-7.7%

CANA

ج.م14.67

Suez Canal Bank (S.A.E)

7D

3.1%

1Y

99.4%