Abu Dhabi Islamic Bank - Egypt - S.A.E

CASE:ADIB Stock Report

Market Cap: ج.م24.1b

Abu Dhabi Islamic Bank - Egypt -E Valuation

Is ADIB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ADIB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
ج.م91.37
Fair Value
56.1% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: ADIB (EGP40.12) is trading below our estimate of fair value (EGP91.37)

Significantly Below Fair Value: ADIB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADIB?

Key metric: As ADIB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ADIB. This is calculated by dividing ADIB's market cap by their current earnings.
What is ADIB's PE Ratio?
PE Ratio2.7x
Earningsج.م9.01b
Market Capج.م24.07b

Price to Earnings Ratio vs Peers

How does ADIB's PE Ratio compare to its peers?

The above table shows the PE ratio for ADIB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average2.7x
CIEB Credit Agricole - Egypt Bank (S.A.E.)
3x5.9%ج.م22.5b
HDBK Housing and Development Bank- Egypt (S.A.E)
2.2x-3.4%ج.م27.5b
CANA Suez Canal Bank (S.A.E)
2.9xn/aج.م14.7b
FAITA Faisal Islamic Bank of Egypt
2.6xn/aUS$540.6m
ADIB Abu Dhabi Islamic Bank - Egypt -E
2.7x13.2%ج.م24.1b

Price-To-Earnings vs Peers: ADIB is good value based on its Price-To-Earnings Ratio (2.7x) compared to the peer average (2.7x).

Price to Earnings Ratio vs Industry

How does ADIB's PE Ratio compare vs other companies in the African Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADIB 2.7xIndustry Avg. 5.4xNo. of Companies21PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADIB is good value based on its Price-To-Earnings Ratio (2.7x) compared to the African Banks industry average (5.3x).

Price to Earnings Ratio vs Fair Ratio

What is ADIB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADIB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.7x
Fair PE Ratio3.2x

Price-To-Earnings vs Fair Ratio: ADIB is good value based on its Price-To-Earnings Ratio (2.7x) compared to the estimated Fair Price-To-Earnings Ratio (3.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ADIB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م40.12
ج.م72.23
+80.0%
23.3%ج.م85.00ج.م46.90n/a6
Apr ’26ج.م42.98
ج.م72.23
+68.1%
23.3%ج.م85.00ج.م46.90n/a6
Mar ’26ج.م41.51
ج.م68.96
+66.1%
25.4%ج.م85.00ج.م46.90n/a7
Feb ’26ج.م38.00
ج.م64.39
+69.4%
25.1%ج.م84.60ج.م46.90n/a7
Jan ’26ج.م38.55
ج.م61.36
+59.2%
23.0%ج.م84.60ج.م46.90n/a7
Dec ’25ج.م42.98
ج.م61.36
+42.8%
23.0%ج.م84.60ج.م46.90n/a7
Nov ’25ج.م41.26
ج.م54.15
+31.2%
10.7%ج.م62.50ج.م46.90n/a6
Oct ’25ج.م40.48
ج.م54.15
+33.8%
10.7%ج.م62.50ج.م46.90n/a6
Sep ’25ج.م42.50
ج.م54.15
+27.4%
10.7%ج.م62.50ج.م46.90n/a6
Aug ’25ج.م39.04
ج.م54.15
+38.7%
10.7%ج.م62.50ج.م46.92n/a6
Jul ’25ج.م35.83
ج.م53.88
+50.4%
14.5%ج.م62.50ج.م40.75n/a5
Jun ’25ج.م31.80
ج.م53.88
+69.4%
14.5%ج.م62.50ج.م40.75n/a5
May ’25ج.م27.70
ج.م46.83
+69.1%
24.5%ج.م62.50ج.م27.17ج.م41.426
Apr ’25ج.م34.00
ج.م42.81
+25.9%
21.7%ج.م56.17ج.م27.17ج.م42.986
Mar ’25ج.م37.04
ج.م42.81
+15.6%
21.7%ج.م56.17ج.م27.17ج.م41.516
Feb ’25ج.م39.00
ج.م36.15
-7.3%
24.6%ج.م51.17ج.م24.29ج.م38.006
Jan ’25ج.م33.32
ج.م36.15
+8.5%
24.6%ج.م51.17ج.م24.29ج.م38.556
Dec ’24ج.م32.13
ج.م28.30
-11.9%
23.6%ج.م38.33ج.م18.33ج.م42.986
Nov ’24ج.م27.48
ج.م26.28
-4.4%
23.2%ج.م38.33ج.م18.33ج.م41.266
Oct ’24ج.م22.93
ج.م25.52
+11.3%
22.5%ج.م38.33ج.م18.33ج.م40.487
Sep ’24ج.م20.71
ج.م22.50
+8.7%
17.2%ج.م26.50ج.م14.41ج.م42.508
Aug ’24ج.م19.72
ج.م21.96
+11.4%
16.2%ج.م25.83ج.م14.41ج.م39.048
Jul ’24ج.م19.37
ج.م21.96
+13.4%
16.2%ج.م25.83ج.م14.41ج.م35.838
Jun ’24ج.م20.72
ج.م21.19
+2.3%
16.2%ج.م25.83ج.م14.41ج.م31.808
May ’24ج.م17.57
ج.م20.92
+19.1%
17.1%ج.م25.83ج.م14.41ج.م27.707
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
ج.م72.23
Fair Value
44.5% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/06 15:49
End of Day Share Price 2025/05/06 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Abu Dhabi Islamic Bank - Egypt - S.A.E is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hany AmerArab African International Securities
Heba MonirArab African International Securities
Jaap MeijerArqaam Capital Research Offshore S.A.L.