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
3/6Valuation Score 3/6
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 HDBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HDBK (EGP43.92) is trading above our estimate of fair value (EGP23.52)
Significantly Below Fair Value: HDBK is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HDBK?
Other financial metrics that can be useful for relative valuation.
| What is HDBK's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ج.م23.33b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.7x |
Price to Earnings Ratio vs Peers
How does HDBK's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.8x | ||
CIEB Credit Agricole - Egypt Bank (S.A.E.) | 4.5x | 11.3% | ج.م23.4b |
ADIB Abu Dhabi Islamic Bank - Egypt -E | 3.8x | 12.2% | ج.م17.8b |
FAITA Faisal Islamic Bank of Egypt | 6.8x | n/a | US$515.4m |
QNBA QNB AlahliE | 4.1x | 18.3% | ج.م67.5b |
HDBK Housing and Development Bank- Egypt (S.A.E) | 3.6x | 4.8% | ج.م23.3b |
Price-To-Earnings vs Peers: HDBK is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (4.8x).
Price to Earnings Ratio vs Industry
How does HDBK's PE Ratio compare vs other companies in the African Banks Industry?
Price-To-Earnings vs Industry: HDBK is good value based on its Price-To-Earnings Ratio (3.6x) compared to the African Banks industry average (5.4x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 3.6x |
| Fair PE Ratio | 4x |
Price-To-Earnings vs Fair Ratio: HDBK is good value based on its Price-To-Earnings Ratio (3.6x) 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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ج.م43.92 | ج.م50.27 +14.5% | 30.4% | ج.م70.00 | ج.م28.34 | n/a | 6 |
| Apr ’25 | ج.م47.68 | ج.م45.27 -5.0% | 28.1% | ج.م65.00 | ج.م28.34 | n/a | 6 |
| Mar ’25 | ج.م55.01 | ج.م45.27 -17.7% | 28.1% | ج.م65.00 | ج.م28.34 | n/a | 6 |
| Feb ’25 | ج.م47.00 | ج.م34.27 -27.1% | 37.6% | ج.م54.50 | ج.م15.50 | n/a | 5 |
| Jan ’25 | ج.م38.82 | ج.م35.75 -7.9% | 39.2% | ج.م54.50 | ج.م15.50 | n/a | 4 |
| Dec ’24 | ج.م39.09 | ج.م35.75 -8.5% | 39.2% | ج.م54.50 | ج.م15.50 | n/a | 4 |
| Nov ’24 | ج.م33.92 | ج.م35.75 +5.4% | 39.2% | ج.م54.50 | ج.م15.50 | n/a | 4 |
| Oct ’24 | ج.م25.62 | ج.م25.12 -1.9% | 36.5% | ج.م40.00 | ج.م15.50 | n/a | 4 |
| Sep ’24 | ج.م26.51 | ج.م19.47 -26.5% | 17.5% | ج.م24.49 | ج.م15.50 | n/a | 4 |
| Aug ’24 | ج.م19.72 | ج.م19.47 -1.3% | 17.5% | ج.م24.49 | ج.م15.50 | n/a | 4 |
| Jul ’24 | ج.م20.48 | ج.م19.47 -4.9% | 17.5% | ج.م24.49 | ج.م15.50 | n/a | 4 |
| Jun ’24 | ج.م19.22 | ج.م19.47 +1.3% | 17.5% | ج.م24.49 | ج.م15.50 | n/a | 4 |
| May ’24 | ج.م17.55 | ج.م19.47 +11.0% | 17.5% | ج.م24.49 | ج.م15.50 | n/a | 4 |
| Apr ’24 | ج.م18.34 | ج.م19.75 +7.7% | 19.3% | ج.م25.60 | ج.م15.50 | ج.م47.68 | 4 |
| Mar ’24 | ج.م21.60 | ج.م19.75 -8.6% | 19.3% | ج.م25.60 | ج.م15.50 | ج.م55.01 | 4 |
| Feb ’24 | ج.م20.37 | ج.م20.53 +0.8% | 20.1% | ج.م25.60 | ج.م15.50 | ج.م47.00 | 3 |
| Jan ’24 | ج.م17.02 | ج.م18.39 +8.1% | 28.0% | ج.م25.60 | ج.م11.97 | ج.م38.82 | 4 |
| Dec ’23 | ج.م13.96 | ج.م15.46 +10.8% | 16.0% | ج.م18.96 | ج.م11.97 | ج.م39.09 | 4 |
| Nov ’23 | ج.م11.29 | ج.م15.47 +37.1% | 16.0% | ج.م18.96 | ج.م11.97 | ج.م33.92 | 4 |
| Oct ’23 | ج.م10.55 | ج.م16.88 +60.0% | 23.8% | ج.م23.65 | ج.م11.97 | ج.م25.62 | 6 |
| Sep ’23 | ج.م10.19 | ج.م16.05 +57.6% | 29.1% | ج.م23.65 | ج.م10.57 | ج.م26.51 | 6 |
| Aug ’23 | ج.م9.57 | ج.م16.05 +67.8% | 29.1% | ج.م23.65 | ج.م10.57 | ج.م19.72 | 6 |
| Jul ’23 | ج.م10.01 | ج.م15.06 +50.5% | 22.7% | ج.م20.71 | ج.م10.57 | ج.م20.48 | 6 |
| Jun ’23 | ج.م10.37 | ج.م15.08 +45.4% | 20.9% | ج.م20.71 | ج.م10.57 | ج.م19.22 | 7 |
| May ’23 | ج.م10.84 | ج.م15.08 +39.1% | 20.9% | ج.م20.71 | ج.م10.57 | ج.م17.55 | 7 |
| Apr ’23 | ج.م11.79 | ج.م15.08 +27.9% | 20.9% | ج.م20.71 | ج.م10.57 | ج.م18.34 | 7 |
Analyst Forecast: Target price is less than 20% higher than the current share price.