Abu Dhabi Islamic Bank - Egypt -E Future Growth

Future criteria checks 1/6

Abu Dhabi Islamic Bank - Egypt -E is forecast to grow earnings and revenue by 1.1% and 10.2% per annum respectively. EPS is expected to grow by 3.9% per annum. Return on equity is forecast to be 26.8% in 3 years.

Key information

1.1%

Earnings growth rate

3.9%

EPS growth rate

Banks earnings growth	9.6%
Revenue growth rate	10.2%
Future return on equity	26.8%
Analyst coverage	Good
Last updated	16 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

CASE:ADIB - Analysts future estimates and past financials data (EGP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	17,903	8,524	N/A	N/A	2
12/31/2025	15,726	8,196	N/A	N/A	3
12/31/2024	14,837	9,012	N/A	N/A	2
9/30/2024	14,018	7,920	-19,718	-19,404	N/A
6/30/2024	12,517	7,079	-17,597	-17,331	N/A
3/31/2024	10,719	5,781	14,532	14,806	N/A
12/31/2023	9,188	4,671	7,069	7,337	N/A
9/30/2023	8,158	4,159	-5,778	-5,672	N/A
6/30/2023	7,155	3,338	-6,759	-6,636	N/A
3/31/2023	6,201	2,762	-24,605	-24,520	N/A
12/31/2022	5,225	2,202	-13,112	-13,058	N/A
9/30/2022	4,926	1,984	-806	-754	N/A
6/30/2022	4,602	1,826	-2,620	-2,540	N/A
3/31/2022	4,420	1,593	-8,781	-8,704	N/A
12/31/2021	4,173	1,476	-2,429	-2,324	N/A
9/30/2021	3,980	1,436	-4,866	-4,745	N/A
6/30/2021	3,713	1,342	-7,459	-7,347	N/A
3/31/2021	3,487	1,292	-5,294	-5,173	N/A
12/31/2020	3,421	1,192	-10,414	-10,290	N/A
9/30/2020	3,225	1,104	-8,606	-8,220	N/A
6/30/2020	3,237	1,099	-7,842	-7,558	N/A
3/31/2020	3,350	1,177	-5,563	-5,228	N/A
12/31/2019	3,310	1,229	-7,927	-7,588	N/A
9/30/2019	3,300	1,188	-4,728	-4,404	N/A
6/30/2019	3,364	1,135	-13,168	-12,894	N/A
3/31/2019	3,131	978	-9,394	-9,084	N/A
12/31/2018	2,864	855	-8,855	-8,495	N/A
9/30/2018	2,791	768	-10,806	-10,711	N/A
6/30/2018	2,566	674	N/A	-121	N/A
3/31/2018	2,537	713	N/A	-4,303	N/A
12/31/2017	2,513	633	N/A	1,255	N/A
9/30/2017	2,328	629	N/A	-3,338	N/A
6/30/2017	2,130	557	N/A	-2,783	N/A
3/31/2017	1,872	369	N/A	-3,645	N/A
12/31/2016	1,759	414	N/A	-4,099	N/A
9/30/2016	1,595	363	N/A	-1,107	N/A
6/30/2016	1,519	301	N/A	-1,326	N/A
3/31/2016	1,440	288	N/A	-598	N/A
12/31/2015	1,307	212	N/A	-479	N/A
9/30/2015	1,256	182	N/A	-1,272	N/A
6/30/2015	1,145	220	N/A	-1,452	N/A
3/31/2015	1,055	243	N/A	-1,274	N/A
12/31/2014	1,019	257	N/A	-892	N/A
9/30/2014	1,077	286	N/A	-773	N/A
6/30/2014	989	246	N/A	-984	N/A
3/31/2014	916	223	N/A	-1,441	N/A
12/31/2013	795	175	N/A	-206	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADIB's forecast earnings growth (1.1% per year) is below the savings rate (14.7%).

Earnings vs Market: ADIB's earnings (1.1% per year) are forecast to grow slower than the EG market (14.7% per year).

High Growth Earnings: ADIB's earnings are forecast to grow, but not significantly.

Revenue vs Market: ADIB's revenue (10.2% per year) is forecast to grow slower than the EG market (14% per year).

High Growth Revenue: ADIB's revenue (10.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ADIB's Return on Equity is forecast to be high in 3 years time (26.8%)

Abu Dhabi Islamic Bank - Egypt -E Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 21%

Price target increased by 12% to ج.م63.04

Consensus EPS estimates increase by 10%

Consensus EPS estimates increase by 13%, revenue downgraded

Price target increased by 9.8% to ج.م28.93

Consensus revenue estimates increase by 32%

Recent updates

Third quarter 2024 earnings released: EPS: ج.م7.15 (vs ج.م1.97 in 3Q 2023)

Now 21% undervalued

Consensus EPS estimates increase by 21%

Investor sentiment improves as stock rises 18%

Now 22% overvalued

Price target increased by 12% to ج.م63.04

First quarter 2024 earnings released: EPS: ج.م3.71 (vs ج.م2.12 in 1Q 2023)

Investor sentiment deteriorates as stock falls 15%

Now 22% undervalued after recent price drop

Abu Dhabi Islamic Bank Appoints Talha Karim as Group Chief Risk Officer

Abu Dhabi Islamic Bank Appoints Talha Karim as Group Chief Risk Officer

Investor sentiment deteriorates as stock falls 15%

Now 21% undervalued

Investor sentiment improves as stock rises 26%

ADIB Egypt Withdraws MTO for 100% Stake in Cairo National for Investment

Full year 2023 earnings released: EPS: ج.م8.67 (vs ج.م7.45 in FY 2022)

ADIB Egypt to Submit MTO for 100% Stake in Cairo National for Investment

Investor sentiment improves as stock rises 15%

Consensus EPS estimates increase by 10%

Investor sentiment improves as stock rises 23%

Consensus EPS estimates increase by 13%, revenue downgraded

Price target increased by 9.8% to ج.م28.93

Consensus revenue estimates increase by 32%

Now 20% undervalued

Second quarter 2023 earnings released: EPS: ج.م2.21 (vs ج.م2.43 in 2Q 2022)

Now 21% undervalued

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Price target increased by 7.4% to ج.م25.42

First quarter 2023 earnings released: EPS: ج.م2.12 (vs ج.م1.87 in 1Q 2022)

Now 21% undervalued

Price target increased by 7.3% to ج.م25.39

Price target increased by 7.3% to ج.م25.39

Price target increased to ج.م23.57

Investor sentiment improved over the past week

Less than half of directors are independent

Price target increased to ج.م21.91

Abu Dhabi Islamic Bank - Egypt S.A.E. announced that it expects to receive EGP 1 billion in funding

Less than half of directors are independent

Abu Dhabi Islamic Bank - Egypt S.A.E. announced that it expects to receive EGP 2 billion in funding

Price target increased to ج.م19.92

Price target increased to ج.م17.70

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Compass Capital made a mandatory tender offer to acquire Alexandria National Company For Financial Investment SAE (CASE:ANFI) from El Kahera El Watania Investment (CASE:KWIN), Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB) and others for EGP 29.8 million.

Tycoon Holding made an offer to acquire 90% stake in Alexandria National Company For Financial Investment SAE (CASE:ANFI) from Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB) and others for EGP 26.1 million.

Price target increased to ج.م16.94

Consensus forecasts updated

Zeta Investment made an offer to acquire 90% in Alexandria National Company For Financial Investment SAE (CASE:ANFI) from Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB) and others for EGP 25.9 million.

Price target raised to ج.م16.55

Zaldi Capital and other investors made an offer to acquire 90% stake in Alexandria National Company For Financial Investment SAE (CASE:ANFI) from Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB) and others for EGP 25.9 million.

A group of investors represented by Ahmed Farouk made an offer to acquire 85% stake in Alexandria National Company For Financial Investment SAE (CASE:ANFI) from Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB), El Kahera El Watania Investment (CASE:KWIN) and others for EGP 23.6 million.

Kayan for Sustainable Development made an offer to acquire 90% stake in Alexandria National Company For Financial Investment SAE (CASE:ANFI) from Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB) and others for EGP 24.9 million.

New 90-day high: ج.م12.24

New 90-day high - ج.م11.54

New 90-day high - ج.م10.31

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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