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NBB

National Bank of Bahrain BSC BAX:NBB Stock Report

Last Price

ب.د0.63

Market Cap

ب.د1.3b

7D

1.3%

1Y

16.1%

Updated

15 May, 2022

Data

Company Financials
NBB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

NBB Stock Overview

National Bank of Bahrain BSC provides retail and wholesale commercial banking, treasury and investment, and investment advisory services in the GCC countries, the United States, Europe, and internationally.

National Bank of Bahrain BSC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for National Bank of Bahrain BSC
Historical stock prices
Current Share Priceب.د0.63
52 Week Highب.د0.65
52 Week Lowب.د0.54
Beta0.16
1 Month Change0.64%
3 Month Change5.02%
1 Year Change16.05%
3 Year Change34.80%
5 Year Change51.03%
Change since IPO465.63%

Recent News & Updates

Shareholder Returns

NBBBH BanksBH Market
7D1.3%-3.5%-4.6%
1Y16.1%31.9%31.2%

Return vs Industry: NBB underperformed the BH Banks industry which returned 31.9% over the past year.

Return vs Market: NBB underperformed the BH Market which returned 31.2% over the past year.

Price Volatility

Is NBB's price volatile compared to industry and market?
NBB volatility
NBB Average Weekly Movement1.7%
Banks Industry Average Movement4.2%
Market Average Movement2.4%
10% most volatile stocks in BH Market6.8%
10% least volatile stocks in BH Market1.7%

Stable Share Price: NBB is less volatile than 75% of BH stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: NBB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1957n/aJean Durandhttps://www.nbbonline.com

National Bank of Bahrain BSC provides retail and wholesale commercial banking, treasury and investment, and investment advisory services in the GCC countries, the United States, Europe, and internationally. The company operates through Retail Commercial and SMEs; Corporate Institutional and Investment Banking; Overseas Branches; and Treasury Capital Markets and Wealth Management segments. Its banking services include savings, current, call, Al Mumayaz, savewave savings, and express savings accounts, as well as time deposits; personal, mortgage, home equity, flexi, solar, and educational loans, as well as syndicated loans; overdrafts services; and debit, prepaid, and credit cards.

National Bank of Bahrain BSC Fundamentals Summary

How do National Bank of Bahrain BSC's earnings and revenue compare to its market cap?
NBB fundamental statistics
Market Capب.د1.30b
Earnings (TTM)ب.د57.70m
Revenue (TTM)ب.د142.50m

22.6x

P/E Ratio

2.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NBB income statement (TTM)
Revenueب.د142.50m
Cost of Revenueب.د0
Gross Profitب.د142.50m
Other Expensesب.د84.80m
Earningsب.د57.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.028
Gross Margin100.00%
Net Profit Margin40.49%
Debt/Equity Ratio45.7%

How did NBB perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is National Bank of Bahrain BSC undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


22.61x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: NBB (BHD0.63) is trading above our estimate of fair value (BHD0.06)

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


Price To Earnings Ratio

PE vs Industry: NBB is poor value based on its PE Ratio (22.6x) compared to the BH Banks industry average (12.4x).

PE vs Market: NBB is poor value based on its PE Ratio (22.6x) compared to the BH market (13.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NBB is overvalued based on its PB Ratio (2.5x) compared to the BH Banks industry average (0.8x).


Future Growth

How is National Bank of Bahrain 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


11.6%

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 National Bank of Bahrain 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 National Bank of Bahrain BSC performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NBB has a high level of non-cash earnings.

Growing Profit Margin: NBB's current net profit margins (40.5%) are lower than last year (44.1%).


Past Earnings Growth Analysis

Earnings Trend: NBB's earnings have declined by 2.4% per year over the past 5 years.

Accelerating Growth: NBB's earnings growth over the past year (7.9%) exceeds its 5-year average (-2.4% per year).

Earnings vs Industry: NBB earnings growth over the past year (7.9%) underperformed the Banks industry 42.3%.


Return on Equity

High ROE: NBB's Return on Equity (10.9%) is considered low.


Financial Health

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

Financial Health Score

4/6

Financial Health Score 4/6

  • 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: NBB's Assets to Equity ratio (8.6x) is low.

Allowance for Bad Loans: NBB has a low allowance for bad loans (83%).

Low Risk Liabilities: 92% of NBB's liabilities are made up of primarily low risk sources of funding.

Loan Level: NBB has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: NBB's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: NBB has a high level of bad loans (4.1%).


Dividend

What is National Bank of Bahrain 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


2.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NBB's dividend (2.88%) isn’t notable compared to the bottom 25% of dividend payers in the BH market (3.71%).

High Dividend: NBB's dividend (2.88%) is low compared to the top 25% of dividend payers in the BH market (5.59%).


Stability and Growth of Payments

Stable Dividend: NBB is not paying a notable dividend for the BH market, therefore no need to check if payments are stable.

Growing Dividend: NBB is not paying a notable dividend for the BH market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Earnings Coverage: NBB is not paying a notable dividend for the BH market.


Future Payout to Shareholders

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


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Jean Durand

5.42yrs

Tenure

Mr. Jean Christophe Durand has been Vice Chairman of the Board at Bahrain Islamic Bank B.S.C. since 2020. Mr. Durand has been Chief Executive Officer of National Bank of Bahrain BSC since December 1, 2016....


Leadership Team

Experienced Management: NBB's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: NBB's board of directors are considered experienced (4.3 years average tenure).


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.


Top Shareholders

Company Information

National Bank of Bahrain BSC's employee growth, exchange listings and data sources


Key Information

  • Name: National Bank of Bahrain BSC
  • Ticker: NBB
  • Exchange: BAX
  • Founded: 1957
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ب.د1.304b
  • Shares outstanding: 2.06b
  • Website: https://www.nbbonline.com

Location

  • National Bank of Bahrain BSC
  • NBB Tower
  • Government Avenue
  • Manama
  • Bahrain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/15 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.