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HDBK

Housing and Development Bank- Egypt (S.A.E)CASE:HDBK Stock Report

Market Cap

ج.م6.0b

7D

1.7%

1Y

30.6%

Updated

21 Oct, 2021

Data

Company Financials +
HDBK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends0/6

HDBK Overview

Housing and Development Bank- Egypt (S.A.E), an investments and business bank, provides corporate and retail banking services in Egypt.

Price History & Performance

Summary of all time highs, changes and price drops for Housing and Development Bank- Egypt (S.A.E)
Historical stock prices
Current Share Priceج.م39.30
52 Week Highج.م25.00
52 Week Lowج.م42.00
Beta0.40
1 Month Change0.80%
3 Month Change9.96%
1 Year Change30.57%
3 Year Change0.96%
5 Year Change171.03%
Change since IPO154.93%

Recent News & Updates

Shareholder Returns

HDBKEG BanksEG Market
7D1.7%1.6%-0.8%
1Y30.6%2.6%11.1%

Return vs Industry: HDBK exceeded the EG Banks industry which returned 3.4% over the past year.

Return vs Market: HDBK exceeded the EG Market which returned 9.2% over the past year.

Price Volatility

Is HDBK's price volatile compared to industry and market?
HDBK volatility
HDBK Beta0.40
Industry Beta0.38
Market Beta1

Stable Share Price: HDBK is not significantly more volatile than the rest of EG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HDBK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19792,666Hassan Ghanemhttps://www.hdb-egy.com

Housing and Development Bank- Egypt (S.A.E), an investments and business bank, provides corporate and retail banking services in Egypt. It operates through Corporate, Medium & Small Sized Enterprise, Investments, Retail, and Other Activities segments. The company offers current, saving, and deposit accounts, as well as deposit certificates and term deposits.

Housing and Development Bank- Egypt (S.A.E) Fundamentals Summary

How do Housing and Development Bank- Egypt (S.A.E)'s earnings and revenue compare to its market cap?
HDBK fundamental statistics
Market Capج.م5.97b
Earnings (TTM)ج.م2.10b
Revenue (TTM)ج.م4.36b

2.8x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HDBK income statement (TTM)
Revenueج.م4.36b
Cost of Revenueج.م0
Gross Profitج.م4.36b
Expensesج.م2.27b
Earningsج.م2.10b

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)13.82
Gross Margin100.00%
Net Profit Margin48.07%
Debt/Equity Ratio11.1%

How did HDBK perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HDBK (EGP39.3) is trading below our estimate of fair value (EGP152.52)

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


Price To Earnings Ratio

PE vs Industry: HDBK is good value based on its PE Ratio (2.8x) compared to the EG Banks industry average (4x).

PE vs Market: HDBK is good value based on its PE Ratio (2.8x) compared to the EG market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: HDBK is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: HDBK's PB Ratio (0.6x) is in line with the EG Banks industry average.


Future Growth

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

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HDBK's forecast earnings growth (9.5% per year) is above the savings rate (9.1%).

Earnings vs Market: HDBK's earnings (9.5% per year) are forecast to grow slower than the EG market (14.5% per year).

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

Revenue vs Market: HDBK's revenue (5.7% per year) is forecast to grow slower than the EG market (9.9% per year).

High Growth Revenue: HDBK's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HDBK's Return on Equity is forecast to be low in 3 years time (16%).


Past Performance

How has Housing and Development Bank- Egypt (S.A.E) performed over the past 5 years?

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HDBK has a high level of non-cash earnings.

Growing Profit Margin: HDBK's current net profit margins (48.1%) are lower than last year (50.4%).


Past Earnings Growth Analysis

Earnings Trend: HDBK's earnings have grown significantly by 22.5% per year over the past 5 years.

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

Earnings vs Industry: HDBK had negative earnings growth (-5.3%) over the past year, making it difficult to compare to the Banks industry average (0.2%).


Return on Equity

High ROE: HDBK's Return on Equity (22.3%) is considered high.


Financial Health

How is Housing and Development Bank- Egypt (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: HDBK's Assets to Equity ratio (7.1x) is low.

Allowance for Bad Loans: HDBK has a sufficient allowance for bad loans (121%).

Low Risk Liabilities: 90% of HDBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: HDBK has an appropriate level of Loans to Assets ratio (31%).

Low Risk Deposits: HDBK's Loans to Deposits ratio (40%) is appropriate.

Level of Bad Loans: HDBK has a high level of bad loans (7.8%).


Dividend

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

5.75%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HDBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HDBK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HDBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HDBK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: HDBK is not paying a notable dividend for the EG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HDBK's dividend in 3 years as they are not forecast to pay a notable one for the EG market.


Next Steps

Management

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


CEO

Hassan Ghanem

no data

Tenure

Mr. Hassan Esmaiel Ghanem is Chairman & MD at Housing and Development Bank - Egypt (S.A.E). Mr. Ghanem was the Vice Chairman, MD and Managing Director of Banking Affairs at Housing and Development Bank - E...


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

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


Key Information

  • Name: Housing and Development Bank- Egypt (S.A.E)
  • Ticker: HDBK
  • Exchange: CASE
  • Founded: 1979
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ج.م5.966b
  • Shares outstanding: 151.80m
  • Website: https://www.hdb-egy.com

Number of Employees


Location

  • Housing and Development Bank- Egypt (S.A.E)
  • 26 El Koroum Street
  • Mohandeseen
  • Giza
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 14:31
End of Day Share Price2021/10/20 00:00
Earnings2021/03/31
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.