Abu Dhabi Islamic Bank PJSC Valuation
Is ADIB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of ADIB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ADIB (AED11.3) is trading above our estimate of fair value (AED7.77)
Significantly Below Fair Value: ADIB is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ADIB?
Other financial metrics that can be useful for relative valuation.
| What is ADIB's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | د.إ41.04b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 34.8x |
Price to Earnings Ratio vs Peers
How does ADIB's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 9.7x | ||
DIB Dubai Islamic Bank P.J.S.C | 6.1x | -3.1% | د.إ39.7b |
EIB Emirates Islamic Bank PJSC | 17x | n/a | د.إ36.2b |
ADCB Abu Dhabi Commercial Bank PJSC | 7.6x | 2.6% | د.إ60.7b |
CBD Commercial Bank of Dubai PSC | 7.9x | 3.5% | د.إ20.9b |
ADIB Abu Dhabi Islamic Bank PJSC | 8.3x | 0.2% | د.إ41.0b |
Price-To-Earnings vs Peers: ADIB is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (9.7x).
Price to Earnings Ratio vs Industry
How does ADIB's PE Ratio compare vs other companies in the Asian Banks Industry?
Price-To-Earnings vs Industry: ADIB is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Asian Banks industry average (9.2x).
Price to Earnings Ratio vs Fair Ratio
What is ADIB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8.3x |
| Fair PE Ratio | 7.2x |
Price-To-Earnings vs Fair Ratio: ADIB is expensive based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (7.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | د.إ11.30 | د.إ13.15 +16.4% | 10.2% | د.إ16.10 | د.إ11.00 | n/a | 12 |
| Apr ’25 | د.إ11.18 | د.إ12.88 +15.2% | 8.1% | د.إ14.60 | د.إ11.00 | n/a | 11 |
| Mar ’25 | د.إ11.28 | د.إ12.77 +13.2% | 9.1% | د.إ14.60 | د.إ10.80 | n/a | 11 |
| Feb ’25 | د.إ11.22 | د.إ12.65 +12.7% | 9.2% | د.إ14.60 | د.إ10.80 | n/a | 11 |
| Jan ’25 | د.إ10.12 | د.إ12.36 +22.1% | 8.1% | د.إ13.60 | د.إ10.80 | n/a | 9 |
| Dec ’24 | د.إ10.28 | د.إ12.48 +21.4% | 8.4% | د.إ13.60 | د.إ10.80 | n/a | 9 |
| Nov ’24 | د.إ10.62 | د.إ12.54 +18.1% | 8.7% | د.إ13.60 | د.إ10.80 | n/a | 8 |
| Oct ’24 | د.إ11.26 | د.إ12.48 +10.8% | 7.5% | د.إ13.60 | د.إ10.80 | n/a | 9 |
| Sep ’24 | د.إ10.50 | د.إ12.40 +18.1% | 7.7% | د.إ13.60 | د.إ10.80 | n/a | 9 |
| Aug ’24 | د.إ11.12 | د.إ12.06 +8.4% | 6.2% | د.إ13.30 | د.إ10.80 | n/a | 8 |
| Jul ’24 | د.إ10.64 | د.إ11.63 +9.3% | 9.0% | د.إ13.30 | د.إ9.60 | n/a | 9 |
| Jun ’24 | د.إ10.18 | د.إ11.63 +14.3% | 9.0% | د.إ13.30 | د.إ9.60 | n/a | 9 |
| May ’24 | د.إ11.24 | د.إ11.57 +2.9% | 8.5% | د.إ13.10 | د.إ9.60 | n/a | 9 |
| Apr ’24 | د.إ9.98 | د.إ11.40 +14.2% | 9.1% | د.إ13.00 | د.إ9.60 | د.إ11.18 | 7 |
| Mar ’24 | د.إ10.60 | د.إ11.30 +6.6% | 8.7% | د.إ13.00 | د.إ9.60 | د.إ11.28 | 7 |
| Feb ’24 | د.إ9.44 | د.إ11.07 +17.3% | 7.6% | د.إ12.70 | د.إ9.60 | د.إ11.22 | 7 |
| Jan ’24 | د.إ9.11 | د.إ11.03 +21.1% | 8.2% | د.إ12.70 | د.إ9.60 | د.إ10.12 | 6 |
| Dec ’23 | د.إ9.60 | د.إ11.18 +16.5% | 3.8% | د.إ12.00 | د.إ10.80 | د.إ10.28 | 5 |
| Nov ’23 | د.إ9.40 | د.إ10.64 +13.2% | 5.1% | د.إ11.30 | د.إ9.70 | د.إ10.62 | 5 |
| Oct ’23 | د.إ9.05 | د.إ10.39 +14.8% | 5.5% | د.إ11.30 | د.إ9.70 | د.إ11.26 | 5 |
| Sep ’23 | د.إ8.80 | د.إ10.39 +18.1% | 5.5% | د.إ11.30 | د.إ9.70 | د.إ10.50 | 5 |
| Aug ’23 | د.إ9.05 | د.إ10.39 +14.8% | 5.5% | د.إ11.30 | د.إ9.70 | د.إ11.12 | 5 |
| Jul ’23 | د.إ7.60 | د.إ10.19 +34.1% | 3.4% | د.إ10.50 | د.إ9.70 | د.إ10.64 | 5 |
| Jun ’23 | د.إ8.28 | د.إ9.49 +14.6% | 14.1% | د.إ10.50 | د.إ6.90 | د.إ10.18 | 5 |
| May ’23 | د.إ8.78 | د.إ9.18 +4.6% | 15.2% | د.إ10.50 | د.إ6.90 | د.إ11.24 | 5 |
| Apr ’23 | د.إ8.65 | د.إ8.63 -0.3% | 13.2% | د.إ9.70 | د.إ6.90 | د.إ9.98 | 4 |
Analyst Forecast: Target price is less than 20% higher than the current share price.