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ALBH

Aluminium Bahrain B.S.C BAX:ALBH Stock Report

Last Price

ب.د1.29

Market Cap

ب.د1.8b

7D

1.6%

1Y

100.3%

Updated

18 May, 2022

Data

Company Financials +
ALBH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance6/6
Financial Health4/6
Dividends5/6

ALBH Stock Overview

Aluminium Bahrain B.S.C. manufactures and sells aluminum and aluminum related products in the Kingdom of Bahrain, Europe, rest of the Middle East, North Africa, Asia, and the Americas.

Aluminium Bahrain B.S.C Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aluminium Bahrain B.S.C
Historical stock prices
Current Share Priceب.د1.29
52 Week Highب.د1.81
52 Week Lowب.د0.63
Beta0.27
1 Month Change-16.51%
3 Month Change4.71%
1 Year Change100.31%
3 Year Change207.14%
5 Year Change204.25%
Change since IPO40.98%

Recent News & Updates

Shareholder Returns

ALBHBH Metals and MiningBH Market
7D1.6%1.5%-2.5%
1Y100.3%-3.5%31.1%

Return vs Industry: ALBH exceeded the BH Metals and Mining industry which returned -3.8% over the past year.

Return vs Market: ALBH exceeded the BH Market which returned 30.1% over the past year.

Price Volatility

Is ALBH's price volatile compared to industry and market?
ALBH volatility
ALBH Average Weekly Movement9.2%
Metals and Mining Industry Average Movement6.9%
Market Average Movement2.5%
10% most volatile stocks in BH Market6.5%
10% least volatile stocks in BH Market1.7%

Stable Share Price: ALBH is more volatile than 90% of BH stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ALBH's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of BH stocks.

About the Company

FoundedEmployeesCEOWebsite
19683,100Ali Al Baqalihttps://www.albasmelter.com

Aluminium Bahrain B.S.C. manufactures and sells aluminum and aluminum related products in the Kingdom of Bahrain, Europe, rest of the Middle East, North Africa, Asia, and the Americas. It owns and operates an aluminum smelter and related infrastructure. The company’s products include standard ingots, rolling slabs, foundry alloy ingots, extrusion billets, T-ingots, and liquid metal products.

Aluminium Bahrain B.S.C Fundamentals Summary

How do Aluminium Bahrain B.S.C's earnings and revenue compare to its market cap?
ALBH fundamental statistics
Market Capب.د1.83b
Earnings (TTM)ب.د546.49m
Revenue (TTM)ب.د1.74b

3.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALBH income statement (TTM)
Revenueب.د1.74b
Cost of Revenueب.د1.06b
Gross Profitب.د674.56m
Other Expensesب.د128.07m
Earningsب.د546.49m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)0.39
Gross Margin38.83%
Net Profit Margin31.46%
Debt/Equity Ratio58.0%

How did ALBH perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is Aluminium Bahrain B.S.C undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


3.34x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ALBH (BHD1.29) is trading above our estimate of fair value (BHD1.23)

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


Price To Earnings Ratio

PE vs Industry: ALBH is good value based on its PE Ratio (3.3x) compared to the Asian Metals and Mining industry average (11.2x).

PE vs Market: ALBH is good value based on its PE Ratio (3.3x) compared to the BH market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: ALBH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ALBH is good value based on its PB Ratio (1.2x) compared to the XA Metals and Mining industry average (1.3x).


Future Growth

How is Aluminium Bahrain B.S.C forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-15.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALBH's earnings are forecast to decline over the next 3 years (-15.6% per year).

Earnings vs Market: ALBH's earnings are forecast to decline over the next 3 years (-15.6% per year).

High Growth Earnings: ALBH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ALBH's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: ALBH's revenue is forecast to decline over the next 3 years (-2.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALBH's Return on Equity is forecast to be high in 3 years time (22.9%)


Past Performance

How has Aluminium Bahrain B.S.C performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


42.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALBH has high quality earnings.

Growing Profit Margin: ALBH's current net profit margins (31.5%) are higher than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: ALBH's earnings have grown significantly by 42.8% per year over the past 5 years.

Accelerating Growth: ALBH's earnings growth over the past year (872.6%) exceeds its 5-year average (42.8% per year).

Earnings vs Industry: ALBH earnings growth over the past year (872.6%) exceeded the Metals and Mining industry 69.8%.


Return on Equity

High ROE: ALBH's Return on Equity (34.5%) is considered high.


Financial Health

How is Aluminium Bahrain B.S.C's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALBH's short term assets (BHD790.1M) exceed its short term liabilities (BHD402.8M).

Long Term Liabilities: ALBH's short term assets (BHD790.1M) exceed its long term liabilities (BHD702.4M).


Debt to Equity History and Analysis

Debt Level: ALBH's net debt to equity ratio (49.7%) is considered high.

Reducing Debt: ALBH's debt to equity ratio has increased from 15.4% to 58% over the past 5 years.

Debt Coverage: ALBH's debt is well covered by operating cash flow (45.2%).

Interest Coverage: ALBH's interest payments on its debt are well covered by EBIT (16.1x coverage).


Balance Sheet


Dividend

What is Aluminium Bahrain B.S.C current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.18%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ALBH's dividend (6.18%) is higher than the bottom 25% of dividend payers in the BH market (3.73%).

High Dividend: ALBH's dividend (6.18%) is in the top 25% of dividend payers in the BH market (5.6%)


Stability and Growth of Payments

Stable Dividend: ALBH's dividend payments have been volatile in the past 10 years.

Growing Dividend: ALBH's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.6%), ALBH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33.5%), ALBH's dividend payments are well covered by cash flows.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Ali Al Baqali

2.75yrs

Tenure

Mr. Ali Al Baqali serves as Chief Executive Officer of Aluminium Bahrain B.S.C. since February 13, 2020. Mr. Al Baqali served as Interim Chief Executive Officer of Aluminium Bahrain B.S.C. since August 1,...


Leadership Team

Experienced Management: ALBH's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: ALBH's board of directors are not considered experienced ( 2.3 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.


Top Shareholders

Company Information

Aluminium Bahrain B.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: Aluminium Bahrain B.S.C.
  • Ticker: ALBH
  • Exchange: BAX
  • Founded: 1968
  • Industry: Aluminum
  • Sector: Materials
  • Implied Market Cap: ب.د1.825b
  • Shares outstanding: 1.42b
  • Website: https://www.albasmelter.com

Number of Employees


Location

  • Aluminium Bahrain B.S.C.
  • Building 150
  • Road 94
  • Askar
  • Bahrain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 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.