Commercial International Bank (Egypt) S.A.E

CASE:COMI Stock Report

Market Cap: ج.م255.6b

Commercial International Bank (Egypt)E Valuation

Is COMI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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 COMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: COMI (EGP83.99) is trading below our estimate of fair value (EGP96.16)

Significantly Below Fair Value: COMI 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 COMI?

Key metric: As COMI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for COMI. This is calculated by dividing COMI's market cap by their current earnings.
What is COMI's PE Ratio?
PE Ratio5.8x
Earningsج.م43.98b
Market Capج.م255.59b

Price to Earnings Ratio vs Peers

How does COMI's PE Ratio compare to its peers?

The above table shows the PE ratio for COMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average3.1x
QNBE Qatar National Bank
3.4x9.5%ج.م70.2b
HDBK Housing and Development Bank- Egypt (S.A.E)
2.5x-5.4%ج.م28.2b
CIEB Credit Agricole - Egypt Bank (S.A.E.)
3.4x4.0%ج.م25.1b
ADIB Abu Dhabi Islamic Bank - Egypt -E
3x1.9%ج.م23.7b
COMI Commercial International Bank (Egypt)E
5.8x13.2%ج.م255.6b

Price-To-Earnings vs Peers: COMI is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (3.1x).

Price to Earnings Ratio vs Industry

How does COMI's PE Ratio compare vs other companies in the African Banks Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
COMI 5.8xIndustry Avg. 5.1xNo. of Companies24PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: COMI is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the African Banks industry average (5.1x).

Price to Earnings Ratio vs Fair Ratio

What is COMI'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.

COMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio4.7x

Price-To-Earnings vs Fair Ratio: COMI is expensive based on its Price-To-Earnings Ratio (5.8x) 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?

The above table shows the analyst COMI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م83.99
ج.م110.25
+31.3%
14.5%ج.م141.70ج.م84.00n/a13
Dec ’25ج.م81.24
ج.م110.25
+35.7%
14.5%ج.م141.70ج.م84.00n/a13
Nov ’25ج.م80.00
ج.م106.91
+33.6%
13.6%ج.م138.32ج.م84.00n/a13
Oct ’25ج.م86.35
ج.م104.98
+21.6%
12.9%ج.م138.32ج.م84.00n/a12
Sep ’25ج.م86.54
ج.م105.07
+21.4%
12.9%ج.م138.32ج.م84.00n/a12
Aug ’25ج.م83.50
ج.م105.07
+25.8%
12.9%ج.م138.32ج.م84.00n/a12
Jul ’25ج.م78.02
ج.م102.74
+31.7%
10.7%ج.م120.00ج.م84.00n/a12
Jun ’25ج.م78.20
ج.م100.59
+28.6%
17.2%ج.م120.00ج.م55.00n/a11
May ’25ج.م73.01
ج.م101.66
+39.2%
18.6%ج.م120.00ج.م55.00n/a11
Apr ’25ج.م82.00
ج.م97.39
+18.8%
20.1%ج.م120.00ج.م55.00n/a11
Mar ’25ج.م73.10
ج.م80.76
+10.5%
26.7%ج.م116.10ج.م49.44n/a11
Feb ’25ج.م85.00
ج.م65.10
-23.4%
16.5%ج.م86.40ج.م49.44n/a11
Jan ’25ج.م72.65
ج.م65.01
-10.5%
16.6%ج.م86.40ج.م49.44n/a11
Dec ’24ج.م77.20
ج.م60.95
-21.0%
15.1%ج.م77.80ج.م49.00ج.م81.2412
Nov ’24ج.م61.10
ج.م57.64
-5.7%
15.4%ج.م73.00ج.م43.26ج.م80.0012
Oct ’24ج.م60.49
ج.م57.77
-4.5%
15.0%ج.م73.00ج.م44.84ج.م86.3512
Sep ’24ج.م57.00
ج.م56.39
-1.1%
13.7%ج.م69.50ج.م44.84ج.م86.5411
Aug ’24ج.م50.80
ج.م54.93
+8.1%
14.9%ج.م69.50ج.م44.84ج.م83.5012
Jul ’24ج.م51.00
ج.م53.53
+5.0%
15.3%ج.م68.60ج.م38.62ج.م78.0213
Jun ’24ج.م52.60
ج.م54.02
+2.7%
17.2%ج.م68.30ج.م33.24ج.م78.2014
May ’24ج.م53.00
ج.م52.61
-0.7%
16.8%ج.م66.00ج.م33.24ج.م73.0114
Apr ’24ج.م51.01
ج.م52.56
+3.0%
17.0%ج.م66.00ج.م33.24ج.م82.0014
Mar ’24ج.م54.15
ج.م48.70
-10.1%
17.7%ج.م65.00ج.م33.24ج.م73.1015
Feb ’24ج.م50.10
ج.م44.66
-10.9%
11.6%ج.م53.20ج.م33.24ج.م85.0013
Jan ’24ج.م41.48
ج.م43.87
+5.8%
13.3%ج.م53.20ج.م33.24ج.م72.6513
Dec ’23ج.م41.40
ج.م41.63
+0.6%
10.4%ج.م49.54ج.م33.24ج.م77.2013

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:00
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

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.

AnalystInstitution
Ranya GnabaAlphaMena
Hany AmerArab African International Securities
Heba MonirArab African International Securities