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National Bank of Ras Al-Khaimah (P.S.C.) ADX:RAKBANK Stock Report

Last Price

د.إ6.02

Market Cap

د.إ12.1b

7D

0.3%

1Y

14.7%

Updated

18 Jan, 2025

Data

Company Financials +

The National Bank of Ras Al-Khaimah (P.S.C.)

ADX:RAKBANK Stock Report

Market Cap: د.إ12.1b

RAKBANK Stock Overview

Provides retail, Islamic, and commercial banking products and services to individuals and businesses in the United Arab Emirates. More details

RAKBANK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends3/6

Rewards

Price-To-Earnings ratio (5.7x) is below the AE market (14x)

Revenue is forecast to grow 8.36% per year

Earnings grew by 29.4% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 26.2%

Risk Analysis

Earnings are forecast to decline by an average of 2.6% per year for the next 3 years

Unstable dividend track record


My Notes

Capture your thoughts, links and company narrative

The National Bank of Ras Al-Khaimah (P.S.C.) Competitors

Sharjah Islamic Bank PJSC

ADX:SIB

د.إ8.8b

Commercial Bank of Dubai PSC

DFM:CBD

د.إ21.5b

National Bank of Fujairah PJSC

ADX:NBF

د.إ8.1b

National Bank of Umm Al-Qaiwain (PSC)

ADX:NBQ

د.إ4.5b

Price History & Performance

Summary of share price highs, lows and changes for National Bank of Ras Al-Khaimah (P.S.C.)
Historical stock prices
Current Share Priceد.إ6.02
52 Week Highد.إ6.24
52 Week Lowد.إ5.00
Beta0.19
1 Month Change-0.33%
3 Month Change11.48%
1 Year Change14.67%
3 Year Change53.70%
5 Year Change47.43%
Change since IPO109.68%

Recent News & Updates

Should You Be Adding National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) To Your Watchlist Today?

Jan 03
Should You Be Adding National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) To Your Watchlist Today?

Here's Why We Think National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Might Deserve Your Attention Today

Aug 28
Here's Why We Think National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Might Deserve Your Attention Today

Recent updates

Should You Be Adding National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) To Your Watchlist Today?

Jan 03
Should You Be Adding National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) To Your Watchlist Today?

Here's Why We Think National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Might Deserve Your Attention Today

Aug 28
Here's Why We Think National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Might Deserve Your Attention Today

Does National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Deserve A Spot On Your Watchlist?

Nov 27
Does National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Deserve A Spot On Your Watchlist?

Should You Be Adding National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) To Your Watchlist Today?

Aug 01
Should You Be Adding National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) To Your Watchlist Today?

National Bank of Ras Al-Khaimah (P.S.C.)'s (ADX:RAKBANK) Upcoming Dividend Will Be Larger Than Last Year's

Mar 23
National Bank of Ras Al-Khaimah (P.S.C.)'s (ADX:RAKBANK) Upcoming Dividend Will Be Larger Than Last Year's

National Bank of Ras Al-Khaimah (P.S.C.)'s (ADX:RAKBANK) Dividend Will Be Increased To د.إ0.23

Feb 17
National Bank of Ras Al-Khaimah (P.S.C.)'s (ADX:RAKBANK) Dividend Will Be Increased To د.إ0.23

National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Is Increasing Its Dividend To د.إ0.23

Feb 03
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Is Increasing Its Dividend To د.إ0.23

If You Had Bought National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Shares Five Years Ago You'd Have A Total Return Of Negative 3.5%

Mar 01
If You Had Bought National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Shares Five Years Ago You'd Have A Total Return Of Negative 3.5%

Is The National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) A Good Dividend Stock?

Jan 17
Is The National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) A Good Dividend Stock?

Is The National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Popular Amongst Insiders?

Dec 12
Is The National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Popular Amongst Insiders?

Shareholder Returns

RAKBANKAE BanksAE Market
7D0.3%0.5%0.1%
1Y14.7%12.7%2.4%

Return vs Industry: RAKBANK exceeded the AE Banks industry which returned 12.7% over the past year.

Return vs Market: RAKBANK exceeded the AE Market which returned 2.4% over the past year.

Price Volatility

Is RAKBANK's price volatile compared to industry and market?
RAKBANK volatility
RAKBANK Average Weekly Movement3.3%
Banks Industry Average Movement3.5%
Market Average Movement3.8%
10% most volatile stocks in AE Market8.6%
10% least volatile stocks in AE Market2.0%

Stable Share Price: RAKBANK has not had significant price volatility in the past 3 months compared to the AE market.

Volatility Over Time: RAKBANK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976n/aRaheel Ahmedwww.rakbank.ae

The National Bank of Ras Al-Khaimah (P.S.C.), together with its subsidiaries, provides retail, Islamic, and commercial banking products and services to individuals and businesses in the United Arab Emirates. It operates through five segments: Retail Banking, Wholesale Banking, Business Banking, Treasury, and Insurance Business. The company offers current, savings, gold, elite, joint, and merchant accounts, as well as call, fixed, recurring, and flexi fixed deposit accounts; home, personal, cash, green, business, auto, national, and education loans; real estate, point of sales and e-commerce, trade and working capital, and machinery finance, as well as commercial vehicles, construction equipment, project, and bridge finance products; mortgages; and credit, debit, and prepaid cards.

The National Bank of Ras Al-Khaimah (P.S.C.) Fundamentals Summary

How do National Bank of Ras Al-Khaimah (P.S.C.)'s earnings and revenue compare to its market cap?
RAKBANK fundamental statistics
Market capد.إ12.11b
Earnings (TTM)د.إ2.12b
Revenue (TTM)د.إ3.90b

5.7x

P/E Ratio

1.1x

P/B Ratio

Is RAKBANK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RAKBANK income statement (TTM)
Revenueد.إ3.90b
Cost of Revenueد.إ0
Gross Profitد.إ3.90b
Other Expensesد.إ1.78b
Earningsد.إ2.12b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.05
Gross Margin100.00%
Net Profit Margin54.30%
Debt/Equity Ratio97.1%

How did RAKBANK perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

29%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/18 21:44
End of Day Share Price 2025/01/17 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

The National Bank of Ras Al-Khaimah (P.S.C.) is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Ryan AyacheDeutsche Bank
Elena Sanchez-CabezudoEFG-Hermes Research