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FAB

First Abu Dhabi Bank P.J.S.C ADX:FAB Stock Report

Last Price

د.إ18.42

Market Cap

د.إ203.4b

7D

-3.1%

1Y

14.6%

Updated

25 Jun, 2022

Data

Company Financials +
FAB fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends2/6

FAB Stock Overview

First Abu Dhabi Bank P.J.S.C., together with its subsidiaries, provides various banking products and services in the United Arab Emirates, Europe, the Americas, the Middle East, Africa, and the Asia Pacific.

First Abu Dhabi Bank P.J.S.C Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for First Abu Dhabi Bank P.J.S.C
Historical stock prices
Current Share Priceد.إ18.42
52 Week Highد.إ24.06
52 Week Lowد.إ15.95
Beta0.74
1 Month Change-1.60%
3 Month Change-19.35%
1 Year Change14.61%
3 Year Change25.41%
5 Year Change77.48%
Change since IPO79.19%

Recent News & Updates

Shareholder Returns

FABAE BanksAE Market
7D-3.1%-3.2%-2.1%
1Y14.6%13.2%39.9%

Return vs Industry: FAB exceeded the AE Banks industry which returned 13.2% over the past year.

Return vs Market: FAB underperformed the AE Market which returned 39.9% over the past year.

Price Volatility

Is FAB's price volatile compared to industry and market?
FAB volatility
FAB Average Weekly Movement5.2%
Banks Industry Average Movement3.9%
Market Average Movement5.1%
10% most volatile stocks in AE Market8.6%
10% least volatile stocks in AE Market2.8%

Stable Share Price: FAB is not significantly more volatile than the rest of AE stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FAB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aHana Al Rostamanihttps://www.bankfab.com

First Abu Dhabi Bank P.J.S.C., together with its subsidiaries, provides various banking products and services in the United Arab Emirates, Europe, the Americas, the Middle East, Africa, and the Asia Pacific. The company operates in four segments: Investment Banking; Corporate & Commercial Banking; Consumer Banking; and Global Private Banking. It offers banking products, such as savings, current, call, and business accounts, and deposit products; personal, secured, landlord, buyout, car, and business loans; mortgages; motor, travel, home, and business insurance products; credit and prepaid cards; and trade finance solutions, which include letters of credit and guarantee, bills of collection, and trade and supply chain financing.

First Abu Dhabi Bank P.J.S.C Fundamentals Summary

How do First Abu Dhabi Bank P.J.S.C's earnings and revenue compare to its market cap?
FAB fundamental statistics
Market Capد.إ203.38b
Earnings (TTM)د.إ14.82b
Revenue (TTM)د.إ22.67b

13.7x

P/E Ratio

1.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FAB income statement (TTM)
Revenueد.إ22.67b
Cost of Revenueد.إ0
Gross Profitد.إ22.67b
Other Expensesد.إ7.84b
Earningsد.إ14.82b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.34
Gross Margin100.00%
Net Profit Margin65.40%
Debt/Equity Ratio161.1%

How did FAB perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FAB?

Other financial metrics that can be useful for relative valuation.

FAB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio4.4x

Price to Earnings Ratio vs Peers

How does FAB's PE Ratio compare to its peers?

FAB PE Ratio vs Peers
The above table shows the PE ratio for FAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.8x

Price-To-Earnings vs Peers: FAB is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (17.8x).


Price to Earnings Ratio vs Industry

How does FAB's PE Ratio compare vs other companies in the Banks Industry?

Price-To-Earnings vs Industry: FAB is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the AE Banks industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is FAB'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.

FAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio11.9x

Price-To-Earnings vs Fair Ratio: FAB is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).


Share Price vs Fair Value

What is the Fair Price of FAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FAB (AED18.42) is trading above our estimate of fair value (AED9.77)

Significantly Below Fair Value: FAB is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: FAB is poor value based on its PEG Ratio (4.4x)


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Future Growth

How is First Abu Dhabi Bank P.J.S.C forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FAB's forecast earnings growth (3.1% per year) is below the savings rate (9%).

Earnings vs Market: FAB's earnings (3.1% per year) are forecast to grow slower than the AE market (4.9% per year).

High Growth Earnings: FAB's earnings are forecast to grow, but not significantly.

Revenue vs Market: FAB's revenue (9.2% per year) is forecast to grow faster than the AE market (5.5% per year).

High Growth Revenue: FAB's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FAB's Return on Equity is forecast to be low in 3 years time (14.6%).


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Past Performance

How has First Abu Dhabi Bank P.J.S.C performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FAB has high quality earnings.

Growing Profit Margin: FAB's current net profit margins (65.4%) are higher than last year (63.1%).


Past Earnings Growth Analysis

Earnings Trend: FAB's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: FAB's earnings growth over the past year (44.3%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: FAB earnings growth over the past year (44.3%) exceeded the Banks industry 31.9%.


Return on Equity

High ROE: FAB's Return on Equity (13.7%) is considered low.


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Financial Health

How is First Abu Dhabi Bank P.J.S.C's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FAB's Assets to Equity ratio (8.8x) is low.

Allowance for Bad Loans: FAB has a low allowance for bad loans (58%).

Low Risk Liabilities: 76% of FAB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FAB has an appropriate level of Loans to Assets ratio (44%).

Low Risk Deposits: FAB's Loans to Deposits ratio (66%) is appropriate.

Level of Bad Loans: FAB has a high level of bad loans (5%).


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Dividend

What is First Abu Dhabi Bank P.J.S.C current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.63%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FAB's dividend (2.63%) isn’t notable compared to the bottom 25% of dividend payers in the AE market (3.35%).

High Dividend: FAB's dividend (2.63%) is low compared to the top 25% of dividend payers in the AE market (5.67%).


Stability and Growth of Payments

Stable Dividend: FAB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FAB has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.1%), FAB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FAB's dividends in 3 years are forecast to be covered by earnings (50.8% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Hana Al Rostamani

1.42yrs

Tenure

Ms. Hana Al Rostamani has been Group Chief Executive Officer at First Abu Dhabi Bank P.J.S.C. since January 2021 and served as its Deputy Chief Executive Officer since April 1, 2020 until January 2021. She...


Leadership Team

Experienced Management: FAB's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: FAB's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Abu Dhabi Bank P.J.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: First Abu Dhabi Bank P.J.S.C.
  • Ticker: FAB
  • Exchange: ADX
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: د.إ203.377b
  • Shares outstanding: 11.04b
  • Website: https://www.bankfab.com

Number of Employees


Location

  • First Abu Dhabi Bank P.J.S.C.
  • FAB Building
  • Khalifa Business Park 1 Al Qurum
  • Abu Dhabi
  • United Arab Emirates

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.