Abu Dhabi Islamic Bank - Egypt -E Past Earnings Performance

Past criteria checks 6/6

Abu Dhabi Islamic Bank - Egypt -E has been growing earnings at an average annual rate of 31.7%, while the Banks industry saw earnings growing at 20.3% annually. Revenues have been growing at an average rate of 21.9% per year. Abu Dhabi Islamic Bank - Egypt -E's return on equity is 32.5%, and it has net margins of 50.8%.

Key information

31.7%

Earnings growth rate

11.6%

EPS growth rate

Banks Industry Growth	17.1%
Revenue growth rate	21.9%
Return on equity	32.5%
Net Margin	50.8%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Abu Dhabi Islamic Bank - Egypt -E makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

CASE:ADIB Revenue, expenses and earnings (EGP Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	9,188	4,671	2,058
30 Sep 23	8,158	4,159	1,892
30 Jun 23	7,156	3,338	1,805
31 Mar 23	6,214	2,762	1,719
31 Dec 22	5,225	2,202	1,647
30 Sep 22	4,927	1,984	1,570
30 Jun 22	4,602	1,826	1,526
31 Mar 22	4,418	1,593	1,524
31 Dec 21	4,173	1,476	1,549
30 Sep 21	3,979	1,436	1,530
30 Jun 21	3,712	1,342	1,526
31 Mar 21	3,487	1,292	1,490
31 Dec 20	3,421	1,192	1,444
30 Sep 20	3,225	1,104	1,456
30 Jun 20	3,237	1,099	1,467
31 Mar 20	3,350	1,177	1,481
31 Dec 19	3,310	1,229	1,454
30 Sep 19	3,300	1,188	1,449
30 Jun 19	3,364	1,135	1,388
31 Mar 19	3,131	978	1,290
31 Dec 18	2,864	855	1,254
30 Sep 18	2,791	768	1,203
30 Jun 18	2,566	674	1,153
31 Mar 18	2,537	713	1,123
31 Dec 17	2,513	633	1,060
30 Sep 17	2,328	629	1,039
30 Jun 17	2,130	557	1,023
31 Mar 17	1,872	369	998
31 Dec 16	1,759	414	995
30 Sep 16	1,595	363	922
30 Jun 16	1,519	301	880
31 Mar 16	1,440	288	829
31 Dec 15	1,307	212	785
30 Sep 15	1,256	182	758
30 Jun 15	1,145	220	728
31 Mar 15	1,055	243	684
31 Dec 14	1,019	257	646
30 Sep 14	1,077	286	646
30 Jun 14	989	246	628
31 Mar 14	916	223	622
31 Dec 13	795	175	603
30 Sep 13	-192	-547	560
30 Jun 13	-321	-648	527

Quality Earnings: ADIB has high quality earnings.

Growing Profit Margin: ADIB's current net profit margins (50.8%) are higher than last year (42.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ADIB's earnings have grown significantly by 31.7% per year over the past 5 years.

Accelerating Growth: ADIB's earnings growth over the past year (112.1%) exceeds its 5-year average (31.7% per year).

Earnings vs Industry: ADIB earnings growth over the past year (112.1%) exceeded the Banks industry 72.6%.

Abu Dhabi Islamic Bank - Egypt -E Past Earnings Performance

Past criteria checks 6/6

Key information

Recent past performance updates

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

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

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

Recent updates

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

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Revenue & Expenses Breakdown
Beta