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

ADX:FAB Stock Report

Market Cap: د.إ146.8b

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

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 FAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FAB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FAB's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As FAB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FAB. This is calculated by dividing FAB's market cap by their current earnings.
What is FAB's PE Ratio?
PE Ratio9.1x
Earningsد.إ16.13b
Market Capد.إ146.85b

Price to Earnings Ratio vs Peers

How does FAB's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.7x
EMIRATESNBD Emirates NBD Bank PJSC
5.8x-4.3%د.إ129.8b
ADCB Abu Dhabi Commercial Bank PJSC
8.4x2.6%د.إ73.2b
DIB Dubai Islamic Bank P.J.S.C
7.3x-2.8%د.إ51.2b
ADIB Abu Dhabi Islamic Bank PJSC
9.2x4.2%د.إ50.2b
FAB First Abu Dhabi Bank P.J.S.C
9.1x1.9%د.إ146.8b

Price-To-Earnings vs Peers: FAB is expensive based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (7.7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FAB 9.1xIndustry Avg. 8.7xNo. of Companies83PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FAB is expensive based on its Price-To-Earnings Ratio (9.1x) compared to the Asian Banks industry average (8.8x).

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 Ratio9.1x
Fair PE Ratio8x

Price-To-Earnings vs Fair Ratio: FAB is expensive based on its Price-To-Earnings Ratio (9.1x) compared to the estimated Fair Price-To-Earnings Ratio (8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ13.30
د.إ15.51
+16.6%
7.9%د.إ18.50د.إ13.70n/a14
Dec ’25د.إ12.80
د.إ15.49
+21.0%
8.4%د.إ18.50د.إ13.20n/a14
Nov ’25د.إ13.40
د.إ15.47
+15.5%
8.4%د.إ18.50د.إ13.20n/a14
Oct ’25د.إ13.78
د.إ15.37
+11.6%
9.5%د.إ18.50د.إ13.00n/a15
Sep ’25د.إ13.40
د.إ15.37
+14.7%
9.5%د.إ18.50د.إ13.00n/a15
Aug ’25د.إ13.30
د.إ15.35
+15.4%
9.1%د.إ18.50د.إ13.00n/a15
Jul ’25د.إ12.52
د.إ15.03
+20.1%
10.0%د.إ18.50د.إ12.70n/a14
Jun ’25د.إ11.60
د.إ14.96
+29.0%
9.6%د.إ18.50د.إ12.70n/a14
May ’25د.إ12.22
د.إ15.18
+24.2%
10.0%د.إ18.50د.إ12.70n/a14
Apr ’25د.إ13.44
د.إ15.20
+13.1%
10.1%د.إ18.50د.إ12.70n/a14
Mar ’25د.إ13.70
د.إ15.08
+10.1%
7.8%د.إ17.00د.إ13.00n/a12
Feb ’25د.إ14.10
د.إ14.57
+3.3%
8.9%د.إ16.50د.إ11.50n/a11
Jan ’25د.إ13.96
د.إ14.45
+3.5%
8.4%د.إ16.00د.إ11.50n/a12
Dec ’24د.إ13.70
د.إ14.53
+6.0%
8.6%د.إ16.00د.إ11.50د.إ12.8012
Nov ’24د.إ13.00
د.إ14.55
+11.9%
8.8%د.إ16.20د.إ11.50د.إ13.4013
Oct ’24د.إ13.60
د.إ14.71
+8.2%
9.7%د.إ16.50د.إ11.20د.إ13.7813
Sep ’24د.إ13.60
د.إ14.67
+7.9%
10.6%د.إ16.90د.إ11.00د.إ13.4013
Aug ’24د.إ14.48
د.إ14.55
+0.5%
11.2%د.إ16.90د.إ11.00د.إ13.3012
Jul ’24د.إ13.64
د.إ14.84
+8.8%
11.2%د.إ16.85د.إ11.00د.إ12.5213
Jun ’24د.إ12.70
د.إ14.96
+17.8%
12.0%د.إ17.60د.إ11.00د.إ11.6013
May ’24د.إ14.00
د.إ14.60
+4.2%
13.0%د.إ17.60د.إ11.00د.إ12.2212
Apr ’24د.إ12.88
د.إ15.32
+19.0%
7.9%د.إ17.60د.إ12.70د.إ13.4411
Mar ’24د.إ14.06
د.إ16.03
+14.0%
12.3%د.إ19.80د.إ12.70د.إ13.7010
Feb ’24د.إ13.80
د.إ17.51
+26.9%
10.1%د.إ20.00د.إ14.20د.إ14.1010
Jan ’24د.إ17.10
د.إ18.03
+5.4%
7.6%د.إ20.50د.إ16.40د.إ13.9610
Dec ’23د.إ17.60
د.إ18.19
+3.4%
7.0%د.إ20.50د.إ16.50د.إ13.7010

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 02:20
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Abu Dhabi Bank P.J.S.C. is covered by 30 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ranya GnabaAlphaMena
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Radwa El-SwaifyBeltone Financial