Mashreqbank PSC

DFM:MASQ Stock Report

Market Cap: د.إ53.2b

Mashreqbank PSC Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of MASQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MASQ (AED261.1) is trading below our estimate of future cash flow value (AED280.13)

Significantly Below Future Cash Flow Value: MASQ is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MASQ. This is calculated by dividing MASQ's market cap by their current earnings.
What is MASQ's PE Ratio?
PE Ratio7.8x
Earningsد.إ6.74b
Market Capد.إ53.16b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MASQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12x
DIB Dubai Islamic Bank P.J.S.C
7.9x5.25%د.إ56.1b
EIB Emirates Islamic Bank PJSC
19.6xn/aد.إ58.9b
ADIB Abu Dhabi Islamic Bank PJSC
12.3x9.06%د.إ77.7b
CBD Commercial Bank of Dubai PSC
8.2xn/aد.إ27.6b
MASQ Mashreqbank PSC
7.8xn/aد.إ53.2b

Price-To-Earnings vs Peers: MASQ is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (12x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MASQ 7.8xIndustry Avg. 10.2xNo. of Companies67PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MASQ is good value based on its Price-To-Earnings Ratio (7.8x) compared to the Asian Banks industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is MASQ'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.

MASQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MASQ's Price-To-Earnings Fair Ratio for valuation analysis.

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 MASQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ258.00
د.إ271.58
+5.26%
0.58%د.إ273.15د.إ270.00n/a2
Jun ’27د.إ247.00
د.إ271.58
+9.95%
0.58%د.إ273.15د.إ270.00n/a2
May ’27د.إ240.00
د.إ271.58
+13.16%
0.58%د.إ273.15د.إ270.00n/a2
Apr ’27د.إ210.00
د.إ271.58
+29.32%
0.58%د.إ273.15د.إ270.00n/a2
Mar ’27د.إ243.00
د.إ271.58
+11.76%
0.58%د.إ273.15د.إ270.00n/a2
Feb ’27د.إ265.00
د.إ271.58
+2.48%
0.58%د.إ273.15د.إ270.00n/a2
Jan ’27د.إ253.00
د.إ271.58
+7.34%
0.58%د.إ273.15د.إ270.00n/a2
Dec ’26د.إ240.00
د.إ277.89
+15.79%
2.84%د.إ285.77د.إ270.00n/a2
Nov ’26د.إ239.50
د.إ277.89
+16.03%
2.84%د.إ285.77د.إ270.00n/a2
Oct ’26د.إ237.50
د.إ292.50
+23.16%
7.69%د.إ315.00د.إ270.00n/a2
Sep ’26د.إ248.00
د.إ292.50
+17.94%
7.69%د.إ315.00د.إ270.00n/a2
Aug ’26د.إ248.00
د.إ292.50
+17.94%
7.69%د.إ315.00د.إ270.00n/a2
Jul ’26د.إ238.20
د.إ292.50
+22.80%
7.69%د.إ315.00د.إ270.00n/a2
Jun ’26د.إ239.70
د.إ292.50
+22.03%
7.69%د.إ315.00د.إ270.00د.إ247.002
May ’26د.إ238.95
د.إ292.50
+22.41%
7.69%د.إ315.00د.إ270.00د.إ240.002
Apr ’26د.إ231.00
د.إ292.50
+26.62%
7.69%د.إ315.00د.إ270.00د.إ210.002
Mar ’26د.إ264.00
د.إ272.01
+3.03%
0.74%د.إ274.01د.إ270.00د.إ243.002
Feb ’26د.إ239.55
د.إ254.51
+6.24%
7.66%د.إ274.01د.إ235.00د.إ265.002
Jan ’26د.إ218.00
د.إ239.40
+9.82%
1.84%د.إ243.80د.إ235.00د.إ253.002
Dec ’25د.إ222.15
د.إ239.40
+7.77%
1.84%د.إ243.80د.إ235.00د.إ240.002
Nov ’25د.إ240.00
د.إ239.40
-0.25%
1.84%د.إ243.80د.إ235.00د.إ239.502
Oct ’25د.إ242.80
د.إ231.40
-4.70%
5.36%د.إ243.80د.إ219.00د.إ237.502
Sep ’25د.إ217.00
د.إ231.40
+6.64%
5.36%د.إ243.80د.إ219.00د.إ248.002
Aug ’25د.إ219.95
د.إ231.40
+5.21%
5.36%د.إ243.80د.إ219.00د.إ248.002
Jul ’25د.إ199.00
د.إ219.40
+10.25%
11.12%د.إ243.80د.إ195.00د.إ238.202
Jun ’25د.إ197.00
د.إ219.40
+11.37%
11.12%د.إ243.80د.إ195.00د.إ239.702
د.إ271.58
Fair Value
3.9% undervalued intrinsic discount
2
Number of Analysts

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 Analysis2026/06/22 06:19
End of Day Share Price 2026/06/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Mashreqbank PSC is covered by 5 analysts. 1 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
Sanyalaksna ManibhanduFAB Securities