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

CASE:HDBK Stock Report

Market Cap: ج.م75.0b

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

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HDBK (EGP141.2) is trading below our estimate of future cash flow value (EGP195)

Significantly Below Future Cash Flow Value: HDBK is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HDBK. This is calculated by dividing HDBK's market cap by their current earnings.
What is HDBK's PE Ratio?
PE Ratio4x
Earningsج.م18.68b
Market Capج.م75.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HDBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5x
ADIB Abu Dhabi Islamic Bank - Egypt -E
4.2x15.13%ج.م55.2b
CANA Suez Canal Bank (S.A.E)
6xn/aج.م34.1b
QNBE Qatar National Bank
4.1x16.42%ج.م113.8b
FAIT Faisal Islamic Bank of Egypt
5.5xn/aج.م30.0b
HDBK Housing and Development Bank- Egypt (S.A.E)
4x-2.58%ج.م75.0b

Price-To-Earnings vs Peers: HDBK is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HDBK 4.0xIndustry Avg. 9.9xNo. of Companies15PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HDBK is good value based on its Price-To-Earnings Ratio (4x) compared to the African Banks industry average (9.9x).

Price to Earnings Ratio vs Fair Ratio

What is HDBK'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.

HDBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4x
Fair PE Ratio4x

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

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 HDBK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م141.20
ج.م122.67
-13.13%
10.14%ج.م140.00ج.م103.60n/a6
May ’27ج.م148.65
ج.م122.67
-17.48%
10.14%ج.م140.00ج.م103.60n/a6
Apr ’27ج.م154.05
ج.م122.67
-20.37%
10.14%ج.م140.00ج.م103.60n/a6
Mar ’27ج.م110.84
ج.م121.56
+9.67%
10.98%ج.م140.00ج.م103.60n/a5
Feb ’27ج.م97.84
ج.م121.56
+24.24%
10.98%ج.م140.00ج.م103.60n/a5
Jan ’27ج.م89.66
ج.م121.56
+35.58%
10.98%ج.م140.00ج.م103.60n/a5
Dec ’26ج.م86.97
ج.م114.60
+31.77%
21.11%ج.م140.00ج.م77.20n/a4
Nov ’26ج.م83.59
ج.م95.87
+14.69%
32.68%ج.م140.00ج.م70.40n/a3
Oct ’26ج.م67.24
ج.م94.40
+40.39%
28.87%ج.م140.00ج.م70.40n/a4
Sep ’26ج.م64.59
ج.م94.40
+46.15%
28.87%ج.م140.00ج.م70.40n/a4
Aug ’26ج.م59.96
ج.م84.90
+41.59%
14.28%ج.م102.00ج.م70.40n/a4
Jul ’26ج.م60.92
ج.م84.90
+39.36%
14.28%ج.م102.00ج.م70.40n/a4
Jun ’26ج.م61.94
ج.م84.90
+37.07%
14.28%ج.م102.00ج.م70.40n/a4
May ’26ج.م51.99
ج.م84.90
+63.30%
14.28%ج.م102.00ج.م70.40ج.م148.654
Apr ’26ج.م56.41
ج.م76.12
+34.94%
23.20%ج.م102.00ج.م52.60ج.م154.055
Mar ’26ج.م53.76
ج.م76.12
+41.59%
23.20%ج.م102.00ج.م52.60ج.م110.845
Feb ’26ج.م51.94
ج.م73.12
+40.78%
22.24%ج.م102.00ج.م52.60ج.م97.845
Jan ’26ج.م53.37
ج.م65.81
+23.30%
11.07%ج.م75.00ج.م52.60ج.م89.666
Dec ’25ج.م52.95
ج.م65.81
+24.28%
11.07%ج.م75.00ج.م52.60ج.م86.976
Nov ’25ج.م45.21
ج.م63.97
+41.49%
10.30%ج.م70.40ج.م52.60ج.م83.595
Oct ’25ج.م47.02
ج.م63.97
+36.04%
10.30%ج.م70.40ج.م52.60ج.م67.245
Sep ’25ج.م47.60
ج.م63.97
+34.39%
10.30%ج.م70.40ج.م52.60ج.م64.595
Aug ’25ج.م45.70
ج.م61.17
+33.85%
13.25%ج.م70.40ج.م51.60ج.م59.965
Jul ’25ج.م44.12
ج.م59.80
+35.54%
13.22%ج.م70.00ج.م51.60ج.م60.924
Jun ’25ج.م43.04
ج.م59.80
+38.94%
13.22%ج.م70.00ج.م51.60ج.م61.944
May ’25ج.م41.98
ج.م54.66
+30.20%
23.52%ج.م70.00ج.م33.00ج.م51.995
ج.م122.67
Fair Value
15.1% overvalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 07:33
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Housing and Development Bank- Egypt (S.A.E) is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Mostafa MansourBeltone Financial
Sara BoutrosCI Capital Research