Dubai Islamic Bank P.J.S.C.

DFM:DIB Stock Report

Market Cap: د.إ51.4b

Dubai Islamic Bank P.J.S.C Valuation

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

Below Fair Value: DIB (AED7.11) is trading above our estimate of fair value (AED0.8)

Significantly Below Fair Value: DIB is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DIB. This is calculated by dividing DIB's market cap by their current earnings.
What is DIB's PE Ratio?
PE Ratio7.4x
Earningsد.إ6.98b
Market Capد.إ51.38b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DIB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.4x
ADIB Abu Dhabi Islamic Bank PJSC
9.3x4.3%د.إ50.6b
ADCB Abu Dhabi Commercial Bank PJSC
8.6x3.1%د.إ75.4b
EIB Emirates Islamic Bank PJSC
14.6xn/aد.إ43.4b
MASQ Mashreqbank PSC
5x-7.8%د.إ43.3b
DIB Dubai Islamic Bank P.J.S.C
7.4x-2.8%د.إ51.4b

Price-To-Earnings vs Peers: DIB is good value based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (9.4x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DIB 7.4xIndustry Avg. 9.0xNo. of Companies78PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DIB is good value based on its Price-To-Earnings Ratio (7.4x) compared to the Asian Banks industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is DIB'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.

DIB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio6.9x

Price-To-Earnings vs Fair Ratio: DIB is expensive based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (6.9x).

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 DIB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ7.11
د.إ7.29
+2.5%
7.0%د.إ8.30د.إ6.40n/a12
Dec ’25د.إ6.80
د.إ7.23
+6.3%
8.2%د.إ8.30د.إ6.20n/a12
Nov ’25د.إ6.26
د.إ7.03
+12.3%
10.3%د.إ8.30د.إ6.00n/a12
Oct ’25د.إ6.33
د.إ7.01
+10.7%
9.9%د.إ8.30د.إ6.00n/a13
Sep ’25د.إ6.17
د.إ7.01
+13.6%
9.9%د.إ8.30د.إ6.00n/a13
Aug ’25د.إ5.92
د.إ6.93
+17.0%
8.7%د.إ7.90د.إ6.00n/a13
Jul ’25د.إ5.76
د.إ6.93
+20.2%
8.1%د.إ7.90د.إ6.00n/a13
Jun ’25د.إ5.52
د.إ6.93
+25.5%
8.1%د.إ7.90د.إ6.00n/a13
May ’25د.إ5.56
د.إ6.91
+24.3%
7.4%د.إ7.70د.إ6.00n/a11
Apr ’25د.إ5.81
د.إ6.95
+19.6%
5.9%د.إ7.60د.إ6.20n/a11
Mar ’25د.إ6.48
د.إ6.94
+7.1%
6.1%د.إ7.60د.إ6.20n/a11
Feb ’25د.إ6.39
د.إ6.84
+7.0%
6.9%د.إ7.60د.إ6.15n/a11
Jan ’25د.إ5.72
د.إ6.46
+13.0%
8.2%د.إ7.40د.إ5.70n/a10
Dec ’24د.إ5.54
د.إ6.49
+17.2%
8.6%د.إ7.40د.إ5.70د.إ6.8010
Nov ’24د.إ5.47
د.إ6.49
+18.7%
7.8%د.إ7.30د.إ5.70د.إ6.2610
Oct ’24د.إ5.85
د.إ6.46
+10.4%
7.4%د.إ7.20د.إ5.70د.إ6.339
Sep ’24د.إ5.64
د.إ6.41
+13.7%
8.0%د.إ7.20د.إ5.70د.إ6.179
Aug ’24د.إ5.79
د.إ6.45
+11.3%
8.4%د.إ7.20د.إ5.70د.إ5.929
Jul ’24د.إ5.47
د.إ6.73
+23.0%
8.1%د.إ7.72د.إ5.80د.إ5.7612
Jun ’24د.إ5.27
د.إ6.81
+29.2%
7.9%د.إ7.72د.إ5.80د.إ5.5213
May ’24د.إ5.51
د.إ6.86
+24.5%
7.1%د.إ7.72د.إ6.00د.إ5.5612
Apr ’24د.إ5.23
د.إ7.13
+36.4%
7.1%د.إ8.10د.إ6.30د.إ5.8110
Mar ’24د.إ5.74
د.إ7.13
+24.3%
7.1%د.إ8.10د.إ6.30د.إ6.4810
Feb ’24د.إ5.57
د.إ7.21
+29.5%
5.5%د.إ8.00د.إ6.60د.إ6.3910
Jan ’24د.إ5.70
د.إ7.23
+26.9%
5.7%د.إ8.00د.إ6.60د.إ5.729
Dec ’23د.إ5.68
د.إ7.15
+25.9%
4.8%د.إ7.80د.إ6.60د.إ5.548

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 Analysis2024/12/30 18:58
End of Day Share Price 2024/12/30 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

Dubai Islamic Bank P.J.S.C. is covered by 26 analysts. 10 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
Kais KriaaAlphaMena
Jaap MeijerArqaam Capital Research Offshore S.A.L.