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SALA

Al Salam Bank B.S.C BAX:SALAM Stock Report

Last Price

ب.د0.093

Market Cap

ب.د218.3m

7D

-3.1%

1Y

40.9%

Updated

16 May, 2022

Data

Company Financials
SALAM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

SALAM Stock Overview

Al Salam Bank B.S.C. provides various banking products and services to retail, private, and corporate customers.

Al Salam Bank B.S.C Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Al Salam Bank B.S.C
Historical stock prices
Current Share Priceب.د0.093
52 Week Highب.د0.11
52 Week Lowب.د0.065
Beta0.39
1 Month Change-3.13%
3 Month Change-7.00%
1 Year Change40.87%
3 Year Change29.14%
5 Year Change12.78%
Change since IPO-14.66%

Recent News & Updates

Shareholder Returns

SALAMBH BanksBH Market
7D-3.1%-5.1%-3.4%
1Y40.9%29.7%31.1%

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

Return vs Market: SALAM exceeded the BH Market which returned 31.2% over the past year.

Price Volatility

Is SALAM's price volatile compared to industry and market?
SALAM volatility
SALAM Average Weekly Movement2.7%
Banks Industry Average Movement4.3%
Market Average Movement2.5%
10% most volatile stocks in BH Market6.5%
10% least volatile stocks in BH Market1.7%

Stable Share Price: SALAM is not significantly more volatile than the rest of BH stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SALAM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aRafik Nayedhttps://www.alsalambahrain.com

Al Salam Bank B.S.C. provides various banking products and services to retail, private, and corporate customers. The company operates through Banking, Treasury, and Investments segments. It offers current, savings, and call accounts; personal, auto, and property finance services; credit and debit cards; property, motor, boat/yacht, and travel insurance; and cash deposit ATMs.

Al Salam Bank B.S.C Fundamentals Summary

How do Al Salam Bank B.S.C's earnings and revenue compare to its market cap?
SALAM fundamental statistics
Market Capب.د218.31m
Earnings (TTM)ب.د21.79m
Revenue (TTM)ب.د55.53m

10.0x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SALAM income statement (TTM)
Revenueب.د55.53m
Cost of Revenueب.د0
Gross Profitب.د55.53m
Other Expensesب.د33.74m
Earningsب.د21.79m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0093
Gross Margin100.00%
Net Profit Margin39.25%
Debt/Equity Ratio87.7%

How did SALAM perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

43%

Payout Ratio

Valuation

Is Al Salam Bank B.S.C 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


10.02x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SALAM is good value based on its PE Ratio (10x) compared to the BH Banks industry average (12.4x).

PE vs Market: SALAM is good value based on its PE Ratio (10x) compared to the BH market (13.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SALAM's PB Ratio (0.8x) is in line with the BH Banks industry average.


Future Growth

How is Al Salam Bank B.S.C 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 Al Salam Bank B.S.C 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 Al Salam Bank B.S.C performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SALAM has high quality earnings.

Growing Profit Margin: SALAM's current net profit margins (39.2%) are higher than last year (28.6%).


Past Earnings Growth Analysis

Earnings Trend: SALAM's earnings have declined by 1.7% per year over the past 5 years.

Accelerating Growth: SALAM's earnings growth over the past year (71.4%) exceeds its 5-year average (-1.7% per year).

Earnings vs Industry: SALAM earnings growth over the past year (71.4%) exceeded the Banks industry 42.3%.


Return on Equity

High ROE: SALAM's Return on Equity (7.4%) is considered low.


Financial Health

How is Al Salam Bank B.S.C'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: SALAM's Assets to Equity ratio (9.2x) is low.

Allowance for Bad Loans: SALAM has a sufficient allowance for bad loans (163%).

Low Risk Liabilities: 80% of SALAM's liabilities are made up of primarily higher risk sources of funding.

Loan Level: SALAM has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: SALAM's Loans to Deposits ratio (296%) is high.

Level of Bad Loans: SALAM has an appropriate level of bad loans (1.6%).


Dividend

What is Al Salam Bank B.S.C current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SALAM's dividend (4.19%) is higher than the bottom 25% of dividend payers in the BH market (3.71%).

High Dividend: SALAM's dividend (4.19%) is low compared to the top 25% of dividend payers in the BH market (5.59%).


Stability and Growth of Payments

Stable Dividend: SALAM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SALAM has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.8%), SALAM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Rafik Nayed

4.08yrs

Tenure

Mr. Rafik Nayed serves as Chairman of the Board at Gulf African Bank Ltd. since August 2019. Mr. Rafik Nayed has been Group Chief Executive Officer of Al Salam Bank B.S.C. (formerly known as Al Salam Bank-...


Leadership Team

Experienced Management: SALAM's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: SALAM's board of directors are considered experienced (4.2 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

Al Salam Bank B.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: Al Salam Bank B.S.C.
  • Ticker: SALAM
  • Exchange: BAX
  • Founded: 2006
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ب.د218.314m
  • Shares outstanding: 2.35b
  • Website: https://www.alsalambahrain.com

Location

  • Al Salam Bank B.S.C.
  • Flat/Shop No. 11, Building 935
  • Road/Street 1015
  • Sanabis
  • Bahrain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 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.