Sharjah Islamic Bank PJSC

ADX:SIB Stock Report

Market Cap: د.إ7.4b

Sharjah Islamic Bank PJSC Valuation

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

Valuation Score

2/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SIB. This is calculated by dividing SIB's market cap by their current earnings.
What is SIB's PE Ratio?
PE Ratio7.5x
Earningsد.إ986.76m
Market Capد.إ7.38b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SIB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.9x
RAKBANK National Bank of Ras Al-Khaimah (P.S.C.)
5.4x-1.9%د.إ11.4b
NBQ National Bank of Umm Al-Qaiwain (PSC)
8.6xn/aد.إ4.5b
NBF National Bank of Fujairah PJSC
10.2xn/aد.إ8.0b
CBD Commercial Bank of Dubai PSC
7.5x2.9%د.إ21.1b
SIB Sharjah Islamic Bank PJSC
7.5x-16.0%د.إ7.4b

Price-To-Earnings vs Peers: SIB is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (7.9x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SIB 7.5xIndustry Avg. 8.4xNo. of Companies79PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SIB is good value based on its Price-To-Earnings Ratio (7.5x) compared to the Asian Banks industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is SIB'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.

SIB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio4.9x

Price-To-Earnings vs Fair Ratio: SIB is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (4.9x).

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 SIB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ2.28
د.إ2.00
-12.3%
10.0%د.إ2.20د.إ1.80n/a2
Nov ’25د.إ2.29
د.إ2.00
-12.7%
10.0%د.إ2.20د.إ1.80n/a2
Oct ’25د.إ2.32
د.إ2.00
-13.8%
10.0%د.إ2.20د.إ1.80n/a2
Sep ’25د.إ2.26
د.إ2.00
-11.5%
10.0%د.إ2.20د.إ1.80n/a2
Aug ’25د.إ2.22
د.إ2.00
-9.9%
10.0%د.إ2.20د.إ1.80n/a2
Jan ’25د.إ2.43
د.إ2.14
-12.1%
3.0%د.إ2.20د.إ2.07n/a2
Dec ’24د.إ2.39
د.إ2.14
-10.7%
3.0%د.إ2.20د.إ2.07n/a2
Nov ’24د.إ2.37
د.إ2.04
-14.1%
1.7%د.إ2.07د.إ2.00د.إ2.292
Oct ’24د.إ2.38
د.إ2.04
-14.5%
1.7%د.إ2.07د.إ2.00د.إ2.322
Sep ’24د.إ2.49
د.إ2.04
-18.3%
1.7%د.إ2.07د.إ2.00د.إ2.262
Aug ’24د.إ2.33
د.إ1.98
-15.0%
1.0%د.إ2.00د.إ1.96د.إ2.222
Jul ’24د.إ2.08
د.إ1.95
-6.3%
2.6%د.إ2.00د.إ1.90د.إ2.222
Jun ’24د.إ2.16
د.إ1.76
-18.5%
8.0%د.إ1.90د.إ1.62د.إ2.212
May ’24د.إ1.95
د.إ1.76
-9.7%
8.0%د.إ1.90د.إ1.62د.إ2.222
Apr ’24د.إ1.90
د.إ1.71
-9.8%
5.6%د.إ1.81د.إ1.62د.إ2.252
Mar ’24د.إ2.13
د.إ1.71
-19.6%
5.6%د.إ1.81د.إ1.62د.إ2.182
Feb ’24د.إ2.00
د.إ1.71
-14.3%
5.6%د.إ1.81د.إ1.62د.إ2.352
Jan ’24د.إ1.86
د.إ1.71
-7.7%
5.6%د.إ1.81د.إ1.62د.إ2.432
Dec ’23د.إ1.90
د.إ1.71
-10.0%
5.6%د.إ1.81د.إ1.62د.إ2.392

Analyst Forecast: Target price is lower than the current share price.

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