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FAIT

Faisal Islamic Bank of Egypt CASE:FAITA Stock Report

Last Price

US$1.00

Market Cap

US$541.5m

7D

0.3%

1Y

18.1%

Updated

04 Oct, 2022

Data

Company Financials +
FAITA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance6/6
Financial Health4/6
Dividends4/6

FAITA Stock Overview

Faisal Islamic Bank of Egypt provides commercial banking products and services in Egypt and internationally.

Faisal Islamic Bank of Egypt Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Faisal Islamic Bank of Egypt
Historical stock prices
Current Share PriceUS$1.00
52 Week HighUS$1.07
52 Week LowUS$0.83
Beta0.079
1 Month Change-0.10%
3 Month Change1.84%
1 Year Change18.11%
3 Year Change43.59%
5 Year Change46.75%
Change since IPO338.90%

Recent News & Updates

Shareholder Returns

FAITAEG BanksEG Market
7D0.3%1.5%0.3%
1Y18.1%-4.9%-9.6%

Return vs Industry: FAITA exceeded the EG Banks industry which returned -7.3% over the past year.

Return vs Market: FAITA exceeded the EG Market which returned -11% over the past year.

Price Volatility

Is FAITA's price volatile compared to industry and market?
FAITA volatility
FAITA Average Weekly Movement0.8%
Banks Industry Average Movement3.3%
Market Average Movement5.7%
10% most volatile stocks in EG Market9.1%
10% least volatile stocks in EG Market3.1%

Stable Share Price: FAITA is less volatile than 75% of EG stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: FAITA's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1977n/aAbdelhameed Abou Moussahttps://www.faisalbank.com.eg

Faisal Islamic Bank of Egypt provides commercial banking products and services in Egypt and internationally. It offers current and investment accounts, and joint accounts; saving certificates; and mutual funds. The company also conducts its funding financing activities through various financing modes, including Musharaka, Legitimate Mudaraba, Murabaha and Salam sale, Ijara services, and Istissnaa.

Faisal Islamic Bank of Egypt Fundamentals Summary

How do Faisal Islamic Bank of Egypt's earnings and revenue compare to its market cap?
FAITA fundamental statistics
Market CapUS$541.51m
Earnings (TTM)US$186.84m
Revenue (TTM)US$335.53m

3.2x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FAITA income statement (TTM)
Revenueج.م6.60b
Cost of Revenueج.م0
Gross Profitج.م6.60b
Other Expensesج.م2.92b
Earningsج.م3.67b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.07
Gross Margin100.00%
Net Profit Margin55.68%
Debt/Equity Ratio0.7%

How did FAITA perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

0.02%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FAITA?

Other financial metrics that can be useful for relative valuation.

FAITA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

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

FAITA PE Ratio vs Peers
The above table shows the PE ratio for FAITA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3.1x
CIEB Credit Agricole - Egypt Bank (S.A.E.)
4.1x11.7%ج.م7.6b
HDBK Housing and Development Bank- Egypt (S.A.E)
2.4x8.5%ج.م5.7b
ADIB Abu Dhabi Islamic Bank - EgyptE
1.5x11.1%ج.م2.7b
QNBA QNB AlahliE
4.7x20.5%ج.م33.6b
FAITA Faisal Islamic Bank of Egypt
3.2x9.1%US$541.5m

Price-To-Earnings vs Peers: FAITA is expensive based on its Price-To-Earnings Ratio (3.2x) compared to the peer average (3.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: FAITA is good value based on its Price-To-Earnings Ratio (3.2x) compared to the African Banks industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

What is FAITA'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.

FAITA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.2x
Fair PE Ratio4x

Price-To-Earnings vs Fair Ratio: FAITA is good value based on its Price-To-Earnings Ratio (3.2x) compared to the estimated Fair Price-To-Earnings Ratio (4x).


Share Price vs Fair Value

What is the Fair Price of FAITA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FAITA ($1) is trading below our estimate of fair value ($1325.58)

Significantly Below Fair Value: FAITA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Faisal Islamic Bank of Egypt forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FAITA's forecast earnings growth (9.1% per year) is above the savings rate (8.9%).

Earnings vs Market: FAITA's earnings (9.1% per year) are forecast to grow slower than the EG market (11% per year).

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

Revenue vs Market: Insufficient data to determine if FAITA's revenue is forecast to grow faster than the EG market.

High Growth Revenue: Insufficient data to determine if FAITA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FAITA's Return on Equity is forecast to be low in 3 years time (17.3%).


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Past Performance

How has Faisal Islamic Bank of Egypt performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FAITA has high quality earnings.

Growing Profit Margin: FAITA's current net profit margins (55.7%) are higher than last year (42.1%).


Past Earnings Growth Analysis

Earnings Trend: FAITA's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: FAITA's earnings growth over the past year (53.6%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: FAITA earnings growth over the past year (53.6%) exceeded the Banks industry 22.7%.


Return on Equity

High ROE: FAITA's Return on Equity (20.7%) is considered high.


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Financial Health

How is Faisal Islamic Bank of Egypt's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FAITA's Assets to Equity ratio (7.4x) is low.

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

Low Risk Liabilities: 95% of FAITA's liabilities are made up of primarily low risk sources of funding.

Loan Level: FAITA has an appropriate level of Loans to Assets ratio (8%).

Low Risk Deposits: FAITA's Loans to Deposits ratio (10%) is appropriate.

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


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Dividend

What is Faisal Islamic Bank of Egypt current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.40%

Current Dividend Yield

Dividend Yield vs Market

Faisal Islamic Bank of Egypt Dividend Yield vs Market
How does Faisal Islamic Bank of Egypt dividend yield compare to the market?
SegmentDividend Yield
Company (Faisal Islamic Bank of Egypt)6.4%
Market Bottom 25% (EG)3.5%
Market Top 25% (EG)10.6%
Industry Average (Banks)4.7%
Analyst forecast in 3 Years (Faisal Islamic Bank of Egypt)4.7%

Notable Dividend: FAITA's dividend (6.41%) is higher than the bottom 25% of dividend payers in the EG market (3.55%).

High Dividend: FAITA's dividend (6.41%) is low compared to the top 25% of dividend payers in the EG market (10.68%).


Stability and Growth of Payments

Stable Dividend: FAITA's dividends per share have been stable in the past 10 years.

Growing Dividend: FAITA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (0.02%), FAITA's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

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


CEO

Abdelhameed Abou Moussa (82 yo)

no data

Tenure

Mr. Abdelhameed Mohamed Abou Moussa is Governor and Director of Faisal Islamic Bank of Egypt. Mr. Abou Moussa worked in the Central Bank of Egypt for 16 years and is a Member of the Coordinating Council th...


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

What is the ownership structure of FAITA?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders12,639,6052.1%
Institutions32,710,1275.4%
State or Government93,266,43115.4%
General Public197,844,85732.7%
Private Companies269,086,41744.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 13 shareholders own 67.33% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
32.28%
Dar Al-Maal Al-Islami Trust
195,461,499EGP195.1m0%no data
15.4%
Egyptian Endowments Authority
93,266,431EGP93.1m0%no data
6.92%
Faisal Islamic Bank - Jersey
41,882,622EGP41.8m0%no data
4.98%
Al Masria For Investment
30,179,434EGP30.1m0%no data
3.18%
Faisal For Financial Investment S.A.E
19,240,003EGP19.2m0%no data
2.2%
Faisal Islamic Bank - Sudan, Asset Management Arm
13,296,643EGP13.3m0%no data
1.13%
Abdelhameed Abou Moussa
6,813,128EGP6.8m0%no data
0.93%
Amr Al Faisal Al-Saud
5,620,879EGP5.6m0%no data
0.26%
Saudi Gulf Business For Trading Co
1,562,862EGP1.6m0%no data
0.034%
Mohammad Bin El Khereiji
205,598EGP205.2k0%no data
0.019%
Acadian Asset Management LLC
113,361EGP113.1k0%no data
0.0082%
Northern Trust Global Investments
49,544EGP49.4k0%no data
0.0018%
Segall Bryant & Hamill, LLC
10,576EGP10.6k0%no data

Company Information

Faisal Islamic Bank of Egypt's employee growth, exchange listings and data sources


Key Information

  • Name: Faisal Islamic Bank of Egypt
  • Ticker: FAITA
  • Exchange: CASE
  • Founded: 1977
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: US$541.507m
  • Shares outstanding: 605.55m
  • Website: https://www.faisalbank.com.eg

Location

  • Faisal Islamic Bank of Egypt
  • 3, 26th July Street
  • Cairo
  • 11531
  • Egypt


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FAITACASE (Cairo and Alexandria Stock Exchange)YesUS Dollar SharesEGUSDNov 2004
FAITCASE (Cairo and Alexandria Stock Exchange)Egyptian Pound SharesEGEGPSep 2006

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.