First Security Islami Bank PLC

DSE:FIRSTSBANK Stock Report

Market Cap: ৳6.9b

First Security Islami Bank Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: FIRSTSBANK (BDT5.7) is trading below our estimate of fair value (BDT18.55)

Significantly Below Fair Value: FIRSTSBANK is trading below fair value by more than 20%.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FIRSTSBANK. This is calculated by dividing FIRSTSBANK's market cap by their current earnings.
What is FIRSTSBANK's PE Ratio?
PE Ratio3x
Earnings৳2.29b
Market Cap৳6.89b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FIRSTSBANK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.1x
NRBCBANK NRBC Bank
4.1xn/a৳7.3b
STANDBANKL Standard Bank
4.6xn/a৳7.4b
ABBANK AB Bank
12xn/a৳7.0b
SBACBANK SBAC Bank
7.6xn/a৳6.3b
FIRSTSBANK First Security Islami Bank
3xn/a৳6.9b

Price-To-Earnings vs Peers: FIRSTSBANK is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

How does FIRSTSBANK's PE Ratio compare vs other companies in the BD Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
FIRSTSBANK 3.0xIndustry Avg. 5.4xNo. of Companies11PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FIRSTSBANK is good value based on its Price-To-Earnings Ratio (3x) compared to the BD Banks industry average (5.4x).


Price to Earnings Ratio vs Fair Ratio

What is FIRSTSBANK'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.

FIRSTSBANK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FIRSTSBANK'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?

Analyst Forecast: Insufficient data to show price forecast.


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