Stock Analysis

National Bank of Ras Al-Khaimah (P.S.C.) Third Quarter 2024 Earnings: EPS: د.إ0.30 (vs د.إ0.22 in 3Q 2023)

ADX:RAKBANK
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National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Third Quarter 2024 Results

Key Financial Results

  • Revenue: د.إ1.06b (up 20% from 3Q 2023).
  • Net income: د.إ597.8m (up 33% from 3Q 2023).
  • Profit margin: 56% (up from 51% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: د.إ0.30 (up from د.إ0.22 in 3Q 2023).
earnings-and-revenue-growth
ADX:RAKBANK Earnings and Revenue Growth October 22nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

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

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - National Bank of Ras Al-Khaimah (P.S.C.) has 2 warning signs (and 1 which is a bit concerning) we think you should know about.

Valuation is complex, but we're here to simplify it.

Discover if National Bank of Ras Al-Khaimah (P.S.C.) might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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