Credit Agricole - Egypt Bank (S.A.E.) Valuation
Is CIEB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 CIEB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CIEB (EGP21.14) is trading below our estimate of fair value (EGP21.27)
Significantly Below Fair Value: CIEB is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CIEB?
Other financial metrics that can be useful for relative valuation.
| What is CIEB's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ج.م26.43b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does CIEB's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.8x | ||
HDBK Housing and Development Bank- Egypt (S.A.E) | 3.7x | 4.8% | ج.م24.4b |
ADIB Abu Dhabi Islamic Bank - Egypt -E | 4.3x | 12.2% | ج.م20.3b |
FAITA Faisal Islamic Bank of Egypt | 6.8x | n/a | US$519.9m |
QNBA QNB AlahliE | 4.3x | 18.3% | ج.م70.5b |
CIEB Credit Agricole - Egypt Bank (S.A.E.) | 5.1x | 11.3% | ج.م26.4b |
Price-To-Earnings vs Peers: CIEB is expensive based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (4.8x).
Price to Earnings Ratio vs Industry
How does CIEB's PE Ratio compare vs other companies in the African Banks Industry?
Price-To-Earnings vs Industry: CIEB is good value based on its Price-To-Earnings Ratio (5.1x) compared to the African Banks industry average (5.4x).
Price to Earnings Ratio vs Fair Ratio
What is CIEB'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 5.1x |
| Fair PE Ratio | 4.7x |
Price-To-Earnings vs Fair Ratio: CIEB is expensive based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (4.7x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ج.م21.14 | ج.م26.47 +25.2% | 25.7% | ج.م35.20 | ج.م16.00 | n/a | 6 |
| Apr ’25 | ج.م20.35 | ج.م24.72 +21.5% | 27.3% | ج.م35.20 | ج.م16.00 | n/a | 6 |
| Mar ’25 | ج.م23.33 | ج.م24.72 +5.9% | 27.3% | ج.م35.20 | ج.م16.00 | n/a | 6 |
| Feb ’25 | ج.م24.80 | ج.م22.62 -8.8% | 21.5% | ج.م32.20 | ج.م16.00 | n/a | 6 |
| Jan ’25 | ج.م22.00 | ج.م21.80 -0.9% | 22.6% | ج.م32.20 | ج.م16.00 | n/a | 7 |
| Dec ’24 | ج.م20.99 | ج.م20.76 -1.1% | 25.5% | ج.م32.20 | ج.م15.80 | n/a | 7 |
| Nov ’24 | ج.م18.49 | ج.م18.35 -0.8% | 12.0% | ج.م21.30 | ج.م15.80 | n/a | 6 |
| Oct ’24 | ج.م15.26 | ج.م17.70 +16.0% | 10.0% | ج.م20.50 | ج.م15.80 | n/a | 6 |
| Sep ’24 | ج.م15.42 | ج.م16.20 +5.0% | 15.1% | ج.م19.60 | ج.م11.50 | n/a | 6 |
| Aug ’24 | ج.م13.90 | ج.م14.08 +1.3% | 19.2% | ج.م17.37 | ج.م11.30 | n/a | 6 |
| Jul ’24 | ج.م14.30 | ج.م14.08 -1.6% | 19.2% | ج.م17.37 | ج.م11.30 | n/a | 6 |
| Jun ’24 | ج.م13.30 | ج.م13.08 -1.7% | 15.9% | ج.م16.00 | ج.م11.30 | n/a | 5 |
| May ’24 | ج.م10.28 | ج.م11.31 +10.0% | 19.2% | ج.م15.20 | ج.م9.24 | n/a | 5 |
| Apr ’24 | ج.م8.49 | ج.م10.27 +20.9% | 9.4% | ج.م11.50 | ج.م9.24 | ج.م20.35 | 5 |
| Mar ’24 | ج.م10.40 | ج.م9.49 -8.8% | 9.1% | ج.م11.30 | ج.م8.30 | ج.م23.33 | 8 |
| Feb ’24 | ج.م9.68 | ج.م9.26 -4.4% | 6.2% | ج.م10.00 | ج.م8.30 | ج.م24.80 | 7 |
| Jan ’24 | ج.م8.46 | ج.م9.26 +9.5% | 5.8% | ج.م10.00 | ج.م8.30 | ج.م22.00 | 8 |
| Dec ’23 | ج.م8.48 | ج.م9.26 +9.2% | 5.8% | ج.م10.00 | ج.م8.30 | ج.م20.99 | 8 |
| Nov ’23 | ج.م7.13 | ج.م9.25 +29.7% | 5.6% | ج.م9.95 | ج.م8.30 | ج.م18.49 | 8 |
| Oct ’23 | ج.م6.11 | ج.م9.33 +52.7% | 7.0% | ج.م10.57 | ج.م8.30 | ج.م15.26 | 8 |
| Sep ’23 | ج.م6.12 | ج.م9.33 +52.5% | 7.0% | ج.م10.57 | ج.م8.30 | ج.م15.42 | 8 |
| Aug ’23 | ج.م5.31 | ج.م9.71 +82.8% | 4.5% | ج.م10.57 | ج.م9.24 | ج.م13.90 | 7 |
| Jul ’23 | ج.م5.21 | ج.م9.80 +88.1% | 4.8% | ج.م10.57 | ج.م9.24 | ج.م14.30 | 9 |
| Jun ’23 | ج.م5.95 | ج.م9.73 +63.6% | 5.8% | ج.م10.57 | ج.م8.72 | ج.م13.30 | 9 |
| May ’23 | ج.م6.59 | ج.م9.83 +49.2% | 6.1% | ج.م10.57 | ج.م8.72 | ج.م10.28 | 9 |
| Apr ’23 | ج.م7.45 | ج.م9.72 +30.5% | 5.5% | ج.م10.57 | ج.م8.72 | ج.م8.49 | 9 |
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.