Mashreqbank PSC

DFM:MASQ Stock Report

Market Cap: د.إ38.3b

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

Below Fair Value: MASQ (AED191) is trading above our estimate of fair value (AED10.74)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MASQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-0.5x

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 Average11.5x
EIB Emirates Islamic Bank PJSC
15.5xn/aد.إ36.2b
ADIB Abu Dhabi Islamic Bank PJSC
8.6x0.3%د.إ42.8b
DIB Dubai Islamic Bank P.J.S.C
6.3x-2.4%د.إ40.8b
NBF National Bank of Fujairah PJSC
15.7xn/aد.إ11.8b
MASQ Mashreqbank PSC
4.3x-7.8%د.إ38.3b

Price-To-Earnings vs Peers: MASQ is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (11.5x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-0.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-0.4%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: MASQ is good value based on its Price-To-Earnings Ratio (4.3x) compared to the Asian Banks industry average (9.2x).

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 Ratio4.3x
Fair PE Ratio6.4x

Price-To-Earnings vs Fair Ratio: MASQ is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (6.4x).

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.إ191.00
د.إ219.40
+14.9%
11.1%د.إ243.80د.إ195.00n/a2
Apr ’25د.إ173.00
د.إ219.40
+26.8%
11.1%د.إ243.80د.إ195.00n/a2
Mar ’25د.إ206.00
د.إ201.55
-2.2%
3.2%د.إ208.10د.إ195.00n/a2
Feb ’25د.إ210.00
د.إ194.05
-7.6%
7.2%د.إ208.10د.إ180.00n/a2
Jan ’25د.إ152.00
د.إ194.05
+27.7%
7.2%د.إ208.10د.إ180.00n/a2
Dec ’24د.إ153.10
د.إ194.05
+26.7%
7.2%د.إ208.10د.إ180.00n/a2
Nov ’24د.إ159.00
د.إ183.70
+15.5%
2.0%د.إ187.40د.إ180.00n/a2
Oct ’24د.إ151.00
د.إ172.60
+14.3%
7.3%د.إ185.20د.إ160.00n/a2
Sep ’24د.إ150.00
د.إ172.60
+15.1%
7.3%د.إ185.20د.إ160.00n/a2
Aug ’24د.إ144.00
د.إ167.55
+16.4%
4.5%د.إ175.10د.إ160.00n/a2
Jul ’24n/a
د.إ160.05
0%
9.4%د.إ175.10د.إ145.00n/a2
Jun ’24د.إ125.00
د.إ160.05
+28.0%
9.4%د.إ175.10د.إ145.00n/a2
May ’24د.إ120.00
د.إ153.09
+27.6%
5.3%د.إ161.18د.إ145.00د.إ184.002
Apr ’24د.إ120.00
د.إ139.80
+16.5%
3.7%د.إ145.00د.إ134.60د.إ173.002
Mar ’24د.إ132.00
د.إ139.80
+5.9%
3.7%د.إ145.00د.إ134.60د.إ206.002
Feb ’24د.إ103.00
د.إ119.80
+16.3%
12.4%د.إ134.60د.إ105.00د.إ210.002
Jan ’24n/a
د.إ119.80
0%
12.4%د.إ134.60د.إ105.00د.إ152.002
Dec ’23د.إ97.50
د.إ118.60
+21.6%
11.5%د.إ132.20د.إ105.00د.إ153.102
Nov ’23د.إ103.00
د.إ118.60
+15.1%
11.5%د.إ132.20د.إ105.00د.إ159.002
Oct ’23د.إ115.00
د.إ105.50
-8.3%
13.7%د.إ120.00د.إ91.00د.إ151.002
Sep ’23د.إ81.00
د.إ105.50
+30.2%
13.7%د.إ120.00د.إ91.00د.إ150.002
Aug ’23د.إ80.00
د.إ105.50
+31.9%
13.7%د.إ120.00د.إ91.00د.إ144.002
Jul ’23n/a
د.إ105.50
0%
13.7%د.إ120.00د.إ91.00n/a2
Jun ’23n/a
د.إ103.45
0%
12.0%د.إ115.90د.إ91.00د.إ125.002
May ’23د.إ75.00
د.إ103.45
+37.9%
12.0%د.إ115.90د.إ91.00د.إ120.002

Analyst Forecast: Target price is less than 20% higher than the current share price.

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