Suez Canal Bank (S.A.E) (CASE:CANA) - Share price, News & Analysis

CANA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	0/6

CANA Overview

Suez Canal Bank (S.A.E) provides retail, corporate, and investment banking services in Egypt.

Rewards

Trading at 17.7% below our estimate of its fair value

Earnings grew by 16.6% over the past year

Risk Analysis

No risks detected for CANA from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Suez Canal Bank (S.A.E)
Historical stock prices
Current Share Price	ج.م10.15
52 Week High	ج.م8.74
52 Week Low	ج.م15.40
Beta	0.41
1 Month Change	-8.31%
3 Month Change	-16.39%
1 Year Change	2.24%
3 Year Change	57.92%
5 Year Change	246.74%
Change since IPO	-71.52%

Shareholder Returns

	CANA	EG Banks	EG Market
7D	-7.9%	0.4%	-0.7%
1Y	2.2%	7.4%	12.2%

Return vs Industry: CANA underperformed the EG Banks industry which returned 7.4% over the past year.

Return vs Market: CANA underperformed the EG Market which returned 12.2% over the past year.

Price Volatility

Is CANA's price volatile compared to industry and market?
CANA volatility
CANA Beta	0.41
Industry Beta	0.38
Market Beta	1

Stable Share Price: CANA is not significantly more volatile than the rest of EG stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CANA's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1978	1,371	Hussein Ahmed El-Refaie	https://www.scbank.com.eg

Suez Canal Bank (S.A.E) provides retail, corporate, and investment banking services in Egypt. The company offers personal banking products and services, including savings, El-Hassala, and current accounts; time deposits; advanced interest deposits; certificates of deposit; debit and credit cards; and mutual funds. It also provides custodian services comprising bookkeeping services of stocks and bonds, execution of buy/sell orders on behalf of its customers, collecting due coupons on behalf of its customers, subscription of new issues, and pledging and freezing of securities.

Suez Canal Bank (S.A.E) Fundamentals Summary

How do Suez Canal Bank (S.A.E)'s earnings and revenue compare to its market cap?
CANA fundamental statistics
Market Cap	ج.م2.23b
Earnings (TTM)	ج.م562.40m
Revenue (TTM)	ج.م1.93b

4.0x

P/E Ratio

0.6x

P/B Ratio

Is CANA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CANA income statement (TTM)
Revenue	ج.م1.93b
Cost of Revenue	ج.م0
Gross Profit	ج.م1.93b
Expenses	ج.م1.37b
Earnings	ج.م562.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	2.56
Gross Margin	100.00%
Net Profit Margin	29.13%
Debt/Equity Ratio	18.9%

How did CANA perform over the long term?

See historical performance and comparison

Valuation

Is Suez Canal Bank (S.A.E) undervalued compared to its fair value and its price relative to the market?

17.7%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CANA (EGP10.15) is trading below our estimate of fair value (EGP12.34)

Significantly Below Fair Value: CANA is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: CANA is good value based on its PE Ratio (4x) compared to the African Banks industry average (6.7x).

PE vs Market: CANA is good value based on its PE Ratio (4x) compared to the EG market (8.8x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: CANA is good value based on its PB Ratio (0.6x) compared to the XF Banks industry average (0.9x).

Future Growth

How is Suez Canal Bank (S.A.E) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.5%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Suez Canal Bank (S.A.E) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Suez Canal Bank (S.A.E) performed over the past 5 years?

20.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CANA has high quality earnings.

Growing Profit Margin: CANA's current net profit margins (29.1%) are higher than last year (28%).

Past Earnings Growth Analysis

Earnings Trend: CANA's earnings have grown significantly by 20.6% per year over the past 5 years.

Accelerating Growth: CANA's earnings growth over the past year (16.6%) is below its 5-year average (20.6% per year).

Earnings vs Industry: CANA earnings growth over the past year (16.6%) exceeded the Banks industry 0.2%.

Return on Equity

High ROE: CANA's Return on Equity (15.6%) is considered low.

Financial Health

How is Suez Canal Bank (S.A.E)'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: CANA's Assets to Equity ratio (13.6x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if CANA has a sufficient allowance for bad loans.

Low Risk Liabilities: 96% of CANA's liabilities are made up of primarily low risk sources of funding.

Loan Level: CANA has an appropriate level of Loans to Assets ratio (38%).

Low Risk Deposits: CANA's Loans to Deposits ratio (42%) is appropriate.

Level of Bad Loans: Insufficient data to determine if CANA has an appropriate level of bad loans.

Dividend

What is Suez Canal Bank (S.A.E) current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

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

High Dividend: Unable to evaluate CANA'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 CANA's dividends per share have been stable in the past.

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

Current Payout to Shareholders

Dividend Coverage: CANA is not paying a notable dividend for the EG market.

Future Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Banks industry.

Management

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

1.5yrs

Average board tenure

CEO

Hussein Ahmed El-Refaie

4.42yrs

Tenure

Mr. Hussein Ahmed Ismail El-Refaie serves as Managing Director at Suez Canal Bank (SAE) since May 9, 2017, and has been its Chairperson since 2017. He has been a Director of Suez Canal Bank (SAE) since May...

Board Members

Experienced Board: CANA's board of directors are not considered experienced ( 1.5 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.

Data	Last Updated (UTC time)
Company Analysis	2021/10/25 16:47
End of Day Share Price	2021/10/25 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data