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CIEB

Credit Agricole - Egypt Bank (S.A.E.)CASE:CIEB Stock Report

Market Cap

ج.م8.5b

7D

3.7%

1Y

3.8%

Updated

19 Oct, 2021

Data

Company Financials +
CIEB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends4/6

CIEB Overview

Credit Agricole - Egypt Bank (S.A.E.) provides corporate, retail, and investment banking services in the Arab Republic of Egypt and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Credit Agricole - Egypt Bank (S.A.E.)
Historical stock prices
Current Share Priceج.م27.48
52 Week Highج.م21.05
52 Week Lowج.م30.45
Beta0.35
1 Month Change-0.62%
3 Month Change15.37%
1 Year Change3.78%
3 Year Change-32.98%
5 Year Change35.04%
Change since IPO-78.78%

Recent News & Updates

Shareholder Returns

CIEBEG BanksEG Market
7D3.7%4.9%2.5%
1Y3.8%4.9%10.9%

Return vs Industry: CIEB underperformed the EG Banks industry which returned 4.9% over the past year.

Return vs Market: CIEB underperformed the EG Market which returned 10.9% over the past year.

Price Volatility

Is CIEB's price volatile compared to industry and market?
CIEB volatility
CIEB Beta0.35
Industry Beta0.38
Market Beta1

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

Volatility Over Time: CIEB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20062,506Jean Trinellehttps://www.ca-egypt.com

Credit Agricole - Egypt Bank (S.A.E.) provides corporate, retail, and investment banking services in the Arab Republic of Egypt and internationally. The company operates through Large, Medium, and Small Enterprises; Investment; Retail; and Asset and Liability Management segments. It offers current, savings, quattro, and daily accounts, as well as time deposits, certificates of deposit, and overdraft accounts; prepaid, debit, and credit cards; and cash, car, and housing loans, as well as finance against deposits and mortgage finance.

Credit Agricole - Egypt Bank (S.A.E.) Fundamentals Summary

How do Credit Agricole - Egypt Bank (S.A.E.)'s earnings and revenue compare to its market cap?
CIEB fundamental statistics
Market Capج.م8.54b
Earnings (TTM)ج.م1.44b
Revenue (TTM)ج.م3.41b

5.9x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIEB income statement (TTM)
Revenueج.م3.41b
Cost of Revenueج.م0
Gross Profitج.م3.41b
Expensesج.م1.97b
Earningsج.م1.44b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.62
Gross Margin100.00%
Net Profit Margin42.21%
Debt/Equity Ratio9.7%

How did CIEB perform over the long term?

See historical performance and comparison

Dividends

12.4%

Current Dividend Yield

74%

Payout Ratio

Valuation

Is Credit Agricole - Egypt Bank (S.A.E.) undervalued compared to its fair value and its price relative to the market?

2.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CIEB (EGP27.48) is trading below our estimate of fair value (EGP28.03)

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


Price To Earnings Ratio

PE vs Industry: CIEB is poor value based on its PE Ratio (5.9x) compared to the EG Banks industry average (4.3x).

PE vs Market: CIEB is good value based on its PE Ratio (5.9x) compared to the EG market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: CIEB is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: CIEB is overvalued based on its PB Ratio (1.1x) compared to the EG Banks industry average (0.6x).


Future Growth

How is Credit Agricole - Egypt Bank (S.A.E.) forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

9.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIEB's forecast earnings growth (9.2% per year) is above the savings rate (9.1%).

Earnings vs Market: CIEB's earnings (9.2% per year) are forecast to grow slower than the EG market (14.3% per year).

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

Revenue vs Market: CIEB's revenue (5.9% per year) is forecast to grow slower than the EG market (10% per year).

High Growth Revenue: CIEB's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CIEB's Return on Equity is forecast to be low in 3 years time (19%).


Past Performance

How has Credit Agricole - Egypt Bank (S.A.E.) performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CIEB has high quality earnings.

Growing Profit Margin: CIEB's current net profit margins (42.2%) are lower than last year (47.9%).


Past Earnings Growth Analysis

Earnings Trend: CIEB's earnings have grown by 2.4% per year over the past 5 years.

Accelerating Growth: CIEB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CIEB had negative earnings growth (-18.2%) over the past year, making it difficult to compare to the Banks industry average (0.2%).


Return on Equity

High ROE: CIEB's Return on Equity (18.4%) is considered low.


Financial Health

How is Credit Agricole - Egypt 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: CIEB's Assets to Equity ratio (7.1x) is low.

Allowance for Bad Loans: CIEB has a sufficient allowance for bad loans (137%).

Low Risk Liabilities: 93% of CIEB's liabilities are made up of primarily low risk sources of funding.

Loan Level: CIEB has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: CIEB's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: CIEB has a high level of bad loans (3.7%).


Dividend

What is Credit Agricole - Egypt Bank (S.A.E.) current dividend yield, its reliability and sustainability?

12.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CIEB's dividend (12.45%) is higher than the bottom 25% of dividend payers in the EG market (2.69%).

High Dividend: CIEB's dividend (12.45%) is in the top 25% of dividend payers in the EG market (7.44%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CIEB has been paying a dividend for less than 10 years.

Growing Dividend: CIEB's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74%), CIEB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CIEB's dividends in 3 years are forecast to be covered by earnings (51.4% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Jean Trinelle

0.75

Tenure

Mr. Jean Pierre Trinelle serves as Managing Director at Credit Agricole - Egypt Bank (SAE) since January 11, 2021.


Leadership Team

Experienced Management: CIEB's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

Experienced Board: CIEB's board of directors are considered experienced (3.9 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

Credit Agricole - Egypt Bank (S.A.E.)'s employee growth, exchange listings and data sources


Key Information

  • Name: Credit Agricole - Egypt Bank (S.A.E.)
  • Ticker: CIEB
  • Exchange: CASE
  • Founded: 2006
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ج.م8.544b
  • Shares outstanding: 310.92m
  • Website: https://www.ca-egypt.com

Number of Employees


Location

  • Credit Agricole - Egypt Bank (S.A.E.)
  • Ring Road exit to 90th street
  • 1st right to Choueifat area
  • New Cairo
  • 11835
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 14:31
End of Day Share Price2021/10/18 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.