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ADIB

Abu Dhabi Islamic Bank - EgyptECASE:ADIB Stock Report

Market Cap

ج.م3.1b

7D

-3.9%

1Y

36.5%

Updated

21 Oct, 2021

Data

Company Financials +
ADIB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends0/6

ADIB Overview

Abu Dhabi Islamic Bank - Egypt S.A.E. provides various banking products and services to individuals and corporates in Egypt and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Abu Dhabi Islamic Bank - EgyptE
Historical stock prices
Current Share Priceج.م15.27
52 Week Highج.م10.00
52 Week Lowج.م19.00
Beta0.28
1 Month Change17.37%
3 Month Change34.66%
1 Year Change36.46%
3 Year Change25.37%
5 Year Change362.73%
Change since IPO-25.53%

Recent News & Updates

Shareholder Returns

ADIBEG BanksEG Market
7D-3.9%1.6%-0.8%
1Y36.5%2.6%11.1%

Return vs Industry: ADIB exceeded the EG Banks industry which returned 3.4% over the past year.

Return vs Market: ADIB exceeded the EG Market which returned 9.2% over the past year.

Price Volatility

Is ADIB's price volatile compared to industry and market?
ADIB volatility
ADIB Beta0.28
Industry Beta0.38
Market Beta1

Stable Share Price: ADIB is more volatile than 75% of EG stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ADIB's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of EG stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a2,124Mohamed Alyhttps://www.adib.eg

Abu Dhabi Islamic Bank - Egypt S.A.E. provides various banking products and services to individuals and corporates in Egypt and internationally. The company operates through Corporates, Investment, Retail, and Other Activities segments. It offers personal banking solutions comprising current, tiered monthly saving, investment, charitable, and saving accounts; prepaid, credit, cash back, and debit cards; El Yosr finance, and auto and used auto Murabaha solutions; real estate finance; investment, bancassurance, and insurance products; and wealth management, and internet and mobile banking services.

Abu Dhabi Islamic Bank - EgyptE Fundamentals Summary

How do Abu Dhabi Islamic Bank - EgyptE's earnings and revenue compare to its market cap?
ADIB fundamental statistics
Market Capج.م3.05b
Earnings (TTM)ج.م1.34b
Revenue (TTM)ج.م3.53b

2.3x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADIB income statement (TTM)
Revenueج.م3.53b
Cost of Revenueج.م0
Gross Profitج.م3.53b
Expensesج.م2.19b
Earningsج.م1.34b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.71
Gross Margin100.00%
Net Profit Margin37.99%
Debt/Equity Ratio28.8%

How did ADIB perform over the long term?

See historical performance and comparison

Valuation

Is Abu Dhabi Islamic Bank - EgyptE undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADIB (EGP15.27) is trading below our estimate of fair value (EGP63.22)

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


Price To Earnings Ratio

PE vs Industry: ADIB is good value based on its PE Ratio (2.3x) compared to the EG Banks industry average (4x).

PE vs Market: ADIB is good value based on its PE Ratio (2.3x) compared to the EG market (11.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ADIB's PB Ratio (0.5x) is in line with the EG Banks industry average.


Future Growth

How is Abu Dhabi Islamic Bank - EgyptE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

14.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ADIB's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if ADIB's earnings are forecast to grow faster than the EG market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ADIB's revenue (14.3% per year) is forecast to grow faster than the EG market (9.9% per year).

High Growth Revenue: ADIB's revenue (14.3% 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 low in 3 years time (19.7%).


Past Performance

How has Abu Dhabi Islamic Bank - EgyptE performed over the past 5 years?

24.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADIB has a high level of non-cash earnings.

Growing Profit Margin: ADIB's current net profit margins (38%) are higher than last year (33.9%).


Past Earnings Growth Analysis

Earnings Trend: ADIB's earnings have grown significantly by 24.9% per year over the past 5 years.

Accelerating Growth: ADIB's earnings growth over the past year (22.1%) is below its 5-year average (24.9% per year).

Earnings vs Industry: ADIB earnings growth over the past year (22.1%) exceeded the Banks industry 0.2%.


Return on Equity

High ROE: ADIB's Return on Equity (22.2%) is considered high.


Financial Health

How is Abu Dhabi Islamic Bank - EgyptE's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ADIB's Assets to Equity ratio (12.8x) is moderate.

Allowance for Bad Loans: ADIB has a sufficient allowance for bad loans (169%).

Low Risk Liabilities: 92% of ADIB's liabilities are made up of primarily low risk sources of funding.

Loan Level: ADIB has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: ADIB's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: ADIB has a high level of bad loans (2.1%).


Dividend

What is Abu Dhabi Islamic Bank - EgyptE current dividend yield, its reliability and sustainability?

7.70%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ADIB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ADIB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ADIB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADIB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ADIB's dividend in 3 years as they are not forecast to pay a notable one for the EG market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Mohamed Aly

4.75yrs

Tenure

Professor Mohamed Aly has been the Chief Executive Officer, Managing Director and Director of Abu Dhabi Islamic Bank - Egypt (S.A.E) since December 07, 2017. He has years of international expertise in the...


Leadership Team

Experienced Management: ADIB's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: ADIB's board of directors are considered experienced (4.4 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

Abu Dhabi Islamic Bank - Egypt S.A.E.'s employee growth, exchange listings and data sources


Key Information

  • Name: Abu Dhabi Islamic Bank - Egypt S.A.E.
  • Ticker: ADIB
  • Exchange: CASE
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ج.م3.054b
  • Shares outstanding: 200.00m
  • Website: https://www.adib.eg

Number of Employees


Location

  • Abu Dhabi Islamic Bank - Egypt S.A.E.
  • 9 Rustom Street
  • Garden City
  • Cairo
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 14:31
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.