Khaleeji Commercial Bank BSC (BAX:KHCB) - Share price, News & Analysis

KHCB fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

KHCB Stock Overview

Khaleeji Commercial Bank BSC provides various banking products and services to retail customers, corporate clients, high net worth individuals, and financial institutions in the Kingdom of Bahrain.

Rewards

PE ratio (9.7x) is below the BH market (13.6x)

Risk Analysis

Earnings have declined by 0.9% per year over past 5 years

Shares are highly illiquid

Khaleeji Commercial Bank BSC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Khaleeji Commercial Bank BSC
Historical stock prices
Current Share Price	ب.د0.075
52 Week High	ب.د0.10
52 Week Low	ب.د0.05
Beta	0.74
1 Month Change	0%
3 Month Change	-8.54%
1 Year Change	36.36%
3 Year Change	4.46%
5 Year Change	-36.91%
Change since IPO	-96.57%

Shareholder Returns

	KHCB	BH Banks	BH Market
7D	0%	-3.7%	-2.3%
1Y	36.4%	25.3%	27.0%

Return vs Industry: KHCB exceeded the BH Banks industry which returned 25.3% over the past year.

Return vs Market: KHCB exceeded the BH Market which returned 27% over the past year.

Price Volatility

Is KHCB's price volatile compared to industry and market?
KHCB volatility
KHCB Average Weekly Movement	n/a
Banks Industry Average Movement	4.3%
Market Average Movement	2.8%
10% most volatile stocks in BH Market	6.1%
10% least volatile stocks in BH Market	1.7%

Stable Share Price: Insufficient data to determine KHCB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine KHCB's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Sattam Al Gosaibi	https://www.khcbonline.com

Khaleeji Commercial Bank BSC provides various banking products and services to retail customers, corporate clients, high net worth individuals, and financial institutions in the Kingdom of Bahrain. The company operates through two segments, Corporate and Retail Banking, and Investment Banking. It offers various corporate and retail banking products and services that include Mudharaba, savings, and current accounts; and fund transfer and bill payment services, as well as money market and treasury services.

Khaleeji Commercial Bank BSC Fundamentals Summary

How do Khaleeji Commercial Bank BSC's earnings and revenue compare to its market cap?
KHCB fundamental statistics
Market Cap	ب.د60.27m
Earnings (TTM)	ب.د6.20m
Revenue (TTM)	ب.د23.93m

9.7x

P/E Ratio

0.4x

P/B Ratio

Is KHCB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KHCB income statement (TTM)
Revenue	ب.د23.93m
Cost of Revenue	ب.د0
Gross Profit	ب.د23.93m
Other Expenses	ب.د17.74m
Earnings	ب.د6.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.0077
Gross Margin	100.00%
Net Profit Margin	25.89%
Debt/Equity Ratio	252.6%

How did KHCB perform over the long term?

See historical performance and comparison

Valuation

Is Khaleeji Commercial Bank BSC undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

9.74x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

PE vs Industry: KHCB's PE Ratio (9.7x) is in line with the BH Banks industry average.

PE vs Market: KHCB is good value based on its PE Ratio (9.7x) compared to the BH market (13.6x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KHCB's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: KHCB is good value based on its PB Ratio (0.4x) compared to the BH Banks industry average (0.7x).

Future Growth

How is Khaleeji Commercial Bank BSC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.9%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Khaleeji Commercial Bank BSC has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Khaleeji Commercial Bank BSC performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-0.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KHCB has high quality earnings.

Growing Profit Margin: KHCB's current net profit margins (25.9%) are lower than last year (30.7%).

Past Earnings Growth Analysis

Earnings Trend: KHCB's earnings have declined by 0.9% per year over the past 5 years.

Accelerating Growth: KHCB's earnings growth over the past year (6.4%) exceeds its 5-year average (-0.9% per year).

Earnings vs Industry: KHCB earnings growth over the past year (6.4%) underperformed the Banks industry 42.3%.

Return on Equity

High ROE: KHCB's Return on Equity (7.7%) is considered low.

Financial Health

How is Khaleeji Commercial Bank BSC's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

2/6

Financial Health Score 2/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: KHCB's Assets to Equity ratio (7.8x) is low.

Allowance for Bad Loans: KHCB has a low allowance for bad loans (90%).

Low Risk Liabilities: 95% of KHCB's liabilities are made up of primarily higher risk sources of funding.

Loan Level: KHCB has an appropriate level of Loans to Assets ratio (28%).

Low Risk Deposits: KHCB's Loans to Deposits ratio (621%) is high.

Level of Bad Loans: KHCB has a high level of bad loans (6.3%).

Dividend

What is Khaleeji Commercial Bank BSC current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate KHCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KHCB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KHCB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KHCB's dividend payments have been increasing.

Current Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KHCB's dividend in 3 years as they are not forecast to pay a notable one for the BH market.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure

CEO

Sattam Al Gosaibi

4.08yrs

Tenure

Mr. Sattam Sulaiman Al Gosaibi has been the Chief Executive Officer at Khaleeji Commercial Bank BSC since April 1, 2018. He serves as Chief Executive Officer of Khaleeji Commercial Bank at GFH Financial Gr...

Leadership Team

Experienced Management: KHCB's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: KHCB's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/11 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31