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NBKE

National Bank of Kuwait - Egypt (S.A.E)CASE:NBKE Stock Report

Market Cap

ج.م10.4b

7D

7.1%

1Y

163.9%

Updated

21 Oct, 2021

Data

Company Financials
NBKE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

NBKE Overview

National Bank of Kuwait - Egypt (S.A.E) provides corporate, retail, and investment banking services to individuals, and corporate and institutional clients in Egypt.

Price History & Performance

Summary of all time highs, changes and price drops for National Bank of Kuwait - Egypt (S.A.E)
Historical stock prices
Current Share Priceج.م20.75
52 Week Highج.م6.54
52 Week Lowج.م21.00
Beta-0.050
1 Month Change24.55%
3 Month Change52.82%
1 Year Change163.89%
3 Year Change86.94%
5 Year Change419.01%
Change since IPO539.63%

Recent News & Updates

Shareholder Returns

NBKEEG BanksEG Market
7D7.1%1.6%-0.8%
1Y163.9%2.6%11.1%

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

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

Price Volatility

Is NBKE's price volatile compared to industry and market?
NBKE volatility
NBKE Beta-0.050
Industry Beta0.38
Market Beta1

Stable Share Price: NBKE is more volatile than 75% of EG stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: NBKE's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of EG stocks.

About the Company

FoundedEmployeesCEOWebsite
19801,843Yasser Abd El-Tayebhttps://www.nbk.com/egypt

National Bank of Kuwait - Egypt (S.A.E) provides corporate, retail, and investment banking services to individuals, and corporate and institutional clients in Egypt. The company’s deposit products include current, savings, and investment accounts, as well as time deposits and certificates of deposit. Its loan portfolio comprises personal loans, such as cash, auto, and mortgage loans; working capital, green field project, trade, fleet, real estate project, share, acquisition, contract, and structured financing, as well as loans to finance expansion and replacements of fixed assets, and financial loans; and Islamic finance products.

National Bank of Kuwait - Egypt (S.A.E) Fundamentals Summary

How do National Bank of Kuwait - Egypt (S.A.E)'s earnings and revenue compare to its market cap?
NBKE fundamental statistics
Market Capج.م10.38b
Earnings (TTM)ج.م1.24b
Revenue (TTM)ج.م3.16b

8.3x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NBKE income statement (TTM)
Revenueج.م3.16b
Cost of Revenueج.م0
Gross Profitج.م3.16b
Expensesج.م1.91b
Earningsج.م1.24b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.49
Gross Margin100.00%
Net Profit Margin39.40%
Debt/Equity Ratio19.0%

How did NBKE perform over the long term?

See historical performance and comparison

Valuation

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

27.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NBKE (EGP20.75) is trading below our estimate of fair value (EGP28.75)

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


Price To Earnings Ratio

PE vs Industry: NBKE is poor value based on its PE Ratio (8.3x) compared to the EG Banks industry average (4x).

PE vs Market: NBKE is good value based on its PE Ratio (8.3x) compared to the EG market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NBKE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NBKE is overvalued based on its PB Ratio (1.1x) compared to the EG Banks industry average (0.6x).


Future Growth

How is National Bank of Kuwait - Egypt (S.A.E) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.5%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as National Bank of Kuwait - Egypt (S.A.E) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has National Bank of Kuwait - Egypt (S.A.E) performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: NBKE's current net profit margins (39.4%) are lower than last year (46%).


Past Earnings Growth Analysis

Earnings Trend: NBKE's earnings have grown by 11.3% per year over the past 5 years.

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

Earnings vs Industry: NBKE had negative earnings growth (-26%) over the past year, making it difficult to compare to the Banks industry average (0.2%).


Return on Equity

High ROE: NBKE's Return on Equity (14.6%) is considered low.


Financial Health

How is National Bank of Kuwait - 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: NBKE's Assets to Equity ratio (7.1x) is low.

Allowance for Bad Loans: NBKE has a sufficient allowance for bad loans (147%).

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

Loan Level: NBKE has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: NBKE's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: NBKE has an appropriate level of bad loans (1.5%).


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NBKE'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 NBKE's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NBKE'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?

4.9yrs

Average management tenure


CEO

Yasser Abd El-Tayeb

no data

Tenure

Mr. Yasser Abd El-Koddous El-Tayeb is Chief Executive Officer at National Bank of Kuwait - Egypt (SAE) since June 2020. He serves as a Managing Director at National Bank of Kuwait - Egypt (S.A.E.) since 20...


Leadership Team

Experienced Management: NBKE's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: NBKE's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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

National Bank of Kuwait - Egypt (S.A.E)'s employee growth, exchange listings and data sources


Key Information

  • Name: National Bank of Kuwait - Egypt (S.A.E)
  • Ticker: NBKE
  • Exchange: CASE
  • Founded: 1980
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ج.م10.375b
  • Shares outstanding: 500.00m
  • Website: https://www.nbk.com/egypt

Number of Employees


Location

  • National Bank of Kuwait - Egypt (S.A.E)
  • First Sector, 5th Settlement
  • Plot No. 155
  • New Cairo
  • 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
Earnings2021/06/30
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.