Commercial International Bank (Egypt)E Future Growth

Future criteria checks 1/6

Commercial International Bank (Egypt)E is forecast to grow earnings and revenue by 13.2% and 10.7% per annum respectively. EPS is expected to grow by 12.6% per annum. Return on equity is forecast to be 37.2% in 3 years.

Key information

13.2%

Earnings growth rate

12.6%

EPS growth rate

Banks earnings growth	10.1%
Revenue growth rate	10.7%
Future return on equity	37.2%
Analyst coverage	Good
Last updated	28 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

CASE:COMI - Analysts future estimates and past financials data (EGP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	121,251	61,356	N/A	N/A	8
12/31/2025	110,810	55,154	N/A	N/A	8
12/31/2024	103,046	51,911	N/A	N/A	6
9/30/2024	100,425	43,984	-68,402	-65,492	N/A
6/30/2024	91,359	37,650	-40,704	-38,387	N/A
3/31/2024	80,764	31,008	22,096	23,761	N/A
12/31/2023	58,498	25,819	26,998	28,684	N/A
9/30/2023	54,061	23,025	-22,294	-20,639	N/A
6/30/2023	47,105	20,228	-19,303	-17,874	N/A
3/31/2023	40,317	16,119	-82,186	-80,788	N/A
12/31/2022	36,465	14,402	-60,506	-59,472	N/A
9/30/2022	33,517	14,043	-38,802	-37,942	N/A
6/30/2022	31,460	13,499	-14,405	-13,623	N/A
3/31/2022	30,204	13,195	6,148	6,873	N/A
12/31/2021	27,042	12,024	-35,587	-34,606	N/A
9/30/2021	25,950	11,466	-19,003	-18,155	N/A
6/30/2021	24,083	10,207	-29,817	-28,933	N/A
3/31/2021	23,784	9,662	-27,413	-26,293	N/A
12/31/2020	23,610	9,193	-8,627	-7,535	N/A
9/30/2020	24,312	9,465	362	1,519	N/A
6/30/2020	25,113	10,163	5,266	6,468	N/A
3/31/2020	24,285	10,220	9,350	10,491	N/A
12/31/2019	23,618	10,441	1,159	2,463	N/A
9/30/2019	22,334	9,817	32,685	33,975	N/A
6/30/2019	21,176	9,288	8,624	9,935	N/A
3/31/2019	20,153	9,008	2,667	3,810	N/A
12/31/2018	18,996	8,455	-8,349	-7,474	N/A
9/30/2018	17,286	7,941	-39,137	-38,208	N/A
6/30/2018	16,176	7,477	N/A	-25,298	N/A
3/31/2018	15,154	6,966	N/A	-28,368	N/A
12/31/2017	14,252	6,487	N/A	-18,351	N/A
9/30/2017	14,093	6,054	N/A	-59,095	N/A
6/30/2017	13,407	5,729	N/A	-39,875	N/A
3/31/2017	12,690	5,294	N/A	-37,341	N/A
12/31/2016	11,998	5,137	N/A	-34,178	N/A
9/30/2016	10,742	4,788	N/A	17,641	N/A
6/30/2016	9,943	4,453	N/A	4,976	N/A
3/31/2016	9,459	4,253	N/A	11,020	N/A
12/31/2015	9,036	4,045	N/A	3,456	N/A
9/30/2015	8,630	4,019	N/A	-12,394	N/A
6/30/2015	8,468	3,699	N/A	-12,300	N/A
3/31/2015	8,216	3,505	N/A	-20,215	N/A
12/31/2014	7,853	3,252	N/A	-9,101	N/A
9/30/2014	7,323	3,221	N/A	-13,075	N/A
6/30/2014	6,934	2,845	N/A	-8,368	N/A
3/31/2014	6,575	2,699	N/A	-7,627	N/A
12/31/2013	6,198	2,603	N/A	-10,896	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: COMI's forecast earnings growth (13.2% per year) is below the savings rate (14.7%).

Earnings vs Market: COMI's earnings (13.2% per year) are forecast to grow slower than the EG market (14.8% per year).

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

Revenue vs Market: COMI's revenue (10.7% per year) is forecast to grow slower than the EG market (14.8% per year).

High Growth Revenue: COMI's revenue (10.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: COMI's Return on Equity is forecast to be high in 3 years time (37.2%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 22:00
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

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

Industry and Sector Metrics

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Analyst Sources

Commercial International Bank (Egypt) S.A.E is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ranya Gnaba	AlphaMena
Hany Amer	Arab African International Securities
Heba Monir	Arab African International Securities

Commercial International Bank (Egypt)E Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 11%

Consensus revenue estimates increase by 16%

Price target increased by 8.4% to ج.م102

Consensus EPS estimates increase by 14%

Price target increased by 7.6% to ج.م86.92

Price target increased by 7.8% to ج.م81.49

Recent updates

Third quarter 2024 earnings: EPS exceeds analyst expectations

Commercial International Bank (Egypt) S.A.E. Announces Changes to the Board of Directors

Consensus revenue estimates increase by 11%

Second quarter 2024 earnings released: EPS: ج.م4.59 (vs ج.م2.39 in 2Q 2023)

Now 21% undervalued after recent price drop

Consensus revenue estimates increase by 16%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Upcoming dividend of ج.م0.55 per share

Price target increased by 8.4% to ج.م102

Consensus EPS estimates increase by 14%

Price target increased by 7.6% to ج.م86.92

Investor sentiment improves as stock rises 16%

Price target increased by 7.8% to ج.م81.49

Commercial International Bank (Egypt) S.A.E., Annual General Meeting, Mar 25, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 12% to ج.م72.83

Price target increased by 7.1% to ج.م68.48

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 18%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Commercial International Bank (Egypt) Appoints Jawaid Ahmed Mirza as Non-Executive Director

New major risk - Earnings quality

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus revenue estimates increase by 13%

First quarter 2023 earnings: Revenues exceed analyst expectations

Price target increased by 7.5% to ج.م48.70

Commercial International Bank (Egypt) S.A.E, Annual General Meeting, Mar 20, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 19%

Commercial International Bank (Egypt) S.A.E Announces Board Changes

Commercial International Bank (Egypt) S.A.E Appoints Hisham Ezz Al-Arab as a Non-Executive Director

High number of new directors

Price target increased to ج.م41.73

Investor sentiment improved over the past week

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Commercial International Bank - Egypt Announces Board Changes

High number of new directors

Alpha Oryx Limited acquired 18.6% stake in Commercial International Bank (Egypt) S.A.E (CASE:COMI) for approximately $990 million.

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

An unknown buyer acquired 9.168% in Commercial International Bank (Egypt) S.A.E from National Bank of Egypt for $487.1 million.

Inaugural dividend of ج.م1.35 per share

Investor sentiment improved over the past week

Now 21% undervalued after recent price drop

Commercial International Bank (Egypt) S.A.E, Annual General Meeting, Mar 27, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased to ج.م66.95

Price target increased to ج.م63.70

Third quarter 2021 earnings released: EPS ج.م1.71 (vs ج.م1.08 in 3Q 2020)

Second quarter 2021 earnings released: EPS ج.م1.92 (vs ج.م1.56 in 2Q 2020)

Commercial International Bank (Egypt) S.A.E announced that it expects to receive EGP 1.56707 billion in funding from International Finance Corporation

First quarter 2021 earnings released: EPS ج.م1.72 (vs ج.م1.44 in 1Q 2020)

An unknown buyer acquired 6.85% stake in CI Capital Holding For Financial Investments (S.A.E) (CASE:CICH) from Commercial International Bank (Egypt) S.A.E (CASE:COMI) for approximately EGP 320 million.

Commercial Intnl Bank (Egypt) SAE Announces Appointment of Tarek Rouchdy as an Independent Director

Full year 2020 earnings released: EPS ج.م6.26 (vs ج.م7.12 in FY 2019)

Revenue beats expectations, earnings disappoint

Analysts update estimates

New 90-day low: ج.م60.11

Third quarter 2020 earnings released: EPS ج.م1.44

Revenue and earnings miss expectations

Analysts update estimates

New 90-day low: ج.م61.83

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources