Commercial Bank of Dubai PSC

DFM:CBD Stock Report

Market Cap: د.إ21.0b

Commercial Bank of Dubai PSC Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CBD. This is calculated by dividing CBD's market cap by their current earnings.
What is CBD's PE Ratio?
PE Ratio7.5x
Earningsد.إ2.81b
Market Capد.إ21.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CBD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.6x
RAKBANK National Bank of Ras Al-Khaimah (P.S.C.)
5.7x-1.9%د.إ12.1b
EIB Emirates Islamic Bank PJSC
12.1xn/aد.إ35.9b
ADIB Abu Dhabi Islamic Bank PJSC
9.2x4.2%د.إ50.1b
DIB Dubai Islamic Bank P.J.S.C
7.3x-2.8%د.إ50.8b
CBD Commercial Bank of Dubai PSC
7.5x2.9%د.إ21.0b

Price-To-Earnings vs Peers: CBD is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (8.6x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CBD 7.5xIndustry Avg. 8.7xNo. of Companies85PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CBD is good value based on its Price-To-Earnings Ratio (7.5x) compared to the Asian Banks industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is CBD'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.

CBD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio7.5x

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

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 CBD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ7.05
د.إ7.55
+7.1%
9.0%د.إ8.50د.إ6.96n/a3
Dec ’25د.إ7.36
د.إ7.05
-4.2%
16.2%د.إ8.50د.إ5.70n/a3
Nov ’25د.إ7.60
د.إ7.05
-7.2%
16.2%د.إ8.50د.إ5.70n/a3
Oct ’25د.إ6.53
د.إ7.05
+8.0%
16.2%د.إ8.50د.إ5.70n/a3
Sep ’25د.إ6.29
د.إ7.05
+12.1%
16.2%د.إ8.50د.إ5.70n/a3
Aug ’25د.إ6.45
د.إ7.05
+9.4%
16.2%د.إ8.50د.إ5.70n/a3
Jul ’25د.إ6.40
د.إ6.79
+6.0%
21.7%د.إ8.50د.إ4.90n/a3
Jun ’25د.إ6.01
د.إ6.79
+12.9%
21.7%د.إ8.50د.إ4.90n/a3
May ’25د.إ6.53
د.إ6.79
+3.9%
21.7%د.إ8.50د.إ4.90n/a3
Apr ’25د.إ6.97
د.إ6.34
-9.0%
24.5%د.إ8.50د.إ4.90n/a3
Mar ’25د.إ8.16
د.إ5.91
-27.6%
16.2%د.إ7.20د.إ4.90n/a3
Feb ’25د.إ5.60
د.إ5.91
+5.5%
16.2%د.إ7.20د.إ4.90n/a3
Jan ’25د.إ5.11
د.إ5.91
+15.7%
16.2%د.إ7.20د.إ4.90n/a3
Dec ’24د.إ4.79
د.إ5.91
+23.4%
16.2%د.إ7.20د.إ4.90د.إ7.363
Nov ’24د.إ4.70
د.إ5.88
+25.0%
16.9%د.إ7.20د.إ4.80د.إ7.603
Oct ’24د.إ4.75
د.إ5.88
+23.7%
16.9%د.إ7.20د.إ4.80د.إ6.533
Sep ’24د.إ4.70
د.إ5.88
+25.0%
16.9%د.إ7.20د.إ4.80د.إ6.293
Aug ’24د.إ4.72
د.إ5.88
+24.5%
16.9%د.إ7.20د.إ4.80د.إ6.453
Jul ’24د.إ4.54
د.إ5.86
+29.1%
13.5%د.إ6.80د.إ4.69د.إ6.404
Jun ’24د.إ4.60
د.إ5.83
+26.7%
13.3%د.إ6.80د.إ4.69د.إ6.014
May ’24د.إ4.45
د.إ5.67
+27.4%
10.7%د.إ6.20د.إ4.69د.إ6.534
Apr ’24د.إ4.15
د.إ5.74
+38.3%
11.7%د.إ6.48د.إ4.69د.إ6.974
Mar ’24د.إ4.79
د.إ5.60
+17.0%
13.0%د.إ6.48د.إ4.69د.إ8.163
Feb ’24د.إ4.65
د.إ5.48
+17.8%
13.6%د.إ6.48د.إ4.69د.إ5.603
Jan ’24د.إ4.53
د.إ5.54
+22.2%
13.2%د.إ6.48د.إ4.69د.إ5.113
Dec ’23د.إ4.36
د.إ5.45
+25.1%
11.4%د.إ6.22د.إ4.69د.إ4.793

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 Analysis2024/12/21 02:29
End of Day Share Price 2024/12/20 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

Commercial Bank of Dubai PSC is covered by 7 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.
Radwa El-SwaifyBeltone Financial
Elena Sanchez-CabezudoEFG-Hermes Research