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QNBA

QNB AlahliECASE:QNBA Stock Report

Market Cap

ج.م35.0b

7D

0%

1Y

7.0%

Updated

18 Oct, 2021

Data

Company Financials +
QNBA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health5/6
Dividends0/6

QNBA Overview

QNB Alahli S.A.E, together with its subsidiaries, provides various banking products and services in Egypt.

Rewards

Trading at 44.2% below our estimate of its fair value

Earnings are forecast to grow 17.37% per year

Risk Analysis

No risks detected for QNBA from our risk checks.

QNB AlahliE Competitors

Commercial International Bank (Egypt)E

CASE:COMI

ج.م94.6b

Saudi National Bank

SASE:1180

ر.س287.9b

Qatar National Bank (Q.P.S.C.)

DSM:QNBK

ر.ق184.7b

Emirates NBD Bank PJSC

DFM:EMIRATESNBD

د.إ87.2b

Price History & Performance

Summary of all time highs, changes and price drops for QNB AlahliE
Historical stock prices
Current Share Priceج.م16.25
52 Week Highج.م14.80
52 Week Lowج.م18.99
Beta0.24
1 Month Change-1.75%
3 Month Change-1.52%
1 Year Change6.98%
3 Year Change-16.86%
5 Year Change68.18%
Change since IPO992.89%

Recent News & Updates

Shareholder Returns

QNBAEG BanksEG Market
7D0%4.9%2.5%
1Y7.0%4.9%10.9%

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

Return vs Market: QNBA underperformed the EG Market which returned 10% over the past year.

Price Volatility

Is QNBA's price volatile compared to industry and market?
QNBA volatility
QNBA Beta0.24
Industry Beta0.38
Market Beta1

Stable Share Price: QNBA is less volatile than 75% of EG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: QNBA's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19786,791Mohamed Bedeirhttps://www.qnbalahli.com

QNB Alahli S.A.E, together with its subsidiaries, provides various banking products and services in Egypt. It operates through Corporate, Individuals, and Other Businesses segments. The company offers current and checking accounts, savings accounts, certificates of deposit, and time deposits; cash, express, durable goods, green, home renovation, freelancer, and education loans; mortgage finance, car loans, salary advances, and cash loans against car license; and credit, debit, and prepaid cards, as well as banking packages.

QNB AlahliE Fundamentals Summary

How do QNB AlahliE's earnings and revenue compare to its market cap?
QNBA fundamental statistics
Market Capج.م35.02b
Earnings (TTM)ج.م6.78b
Revenue (TTM)ج.م14.96b

5.2x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QNBA income statement (TTM)
Revenueج.م14.96b
Cost of Revenueج.م0
Gross Profitج.م14.96b
Expensesج.م8.17b
Earningsج.م6.78b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.15
Gross Margin100.00%
Net Profit Margin45.34%
Debt/Equity Ratio9.1%

How did QNBA perform over the long term?

See historical performance and comparison

Valuation

Is QNB AlahliE undervalued compared to its fair value and its price relative to the market?

44.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QNBA (EGP16.25) is trading below our estimate of fair value (EGP29.12)

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


Price To Earnings Ratio

PE vs Industry: QNBA is poor value based on its PE Ratio (5.2x) compared to the EG Banks industry average (4.3x).

PE vs Market: QNBA is good value based on its PE Ratio (5.2x) compared to the EG market (12.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QNBA is overvalued based on its PB Ratio (0.8x) compared to the EG Banks industry average (0.6x).


Future Growth

How is QNB AlahliE forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QNBA's forecast earnings growth (17.4% per year) is above the savings rate (9.1%).

Earnings vs Market: QNBA's earnings (17.4% per year) are forecast to grow faster than the EG market (14.2% per year).

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

Revenue vs Market: QNBA's revenue (16.4% per year) is forecast to grow faster than the EG market (9.9% per year).

High Growth Revenue: QNBA's revenue (16.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QNBA's Return on Equity is forecast to be low in 3 years time (17.5%).


Past Performance

How has QNB AlahliE performed over the past 5 years?

13.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QNBA has high quality earnings.

Growing Profit Margin: QNBA's current net profit margins (45.3%) are lower than last year (46.9%).


Past Earnings Growth Analysis

Earnings Trend: QNBA's earnings have grown by 13% per year over the past 5 years.

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

Earnings vs Industry: QNBA had negative earnings growth (-1.8%) over the past year, making it difficult to compare to the Banks industry average (0.2%).


Return on Equity

High ROE: QNBA's Return on Equity (17.5%) is considered low.


Financial Health

How is QNB AlahliE'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: QNBA's Assets to Equity ratio (7.5x) is low.

Allowance for Bad Loans: QNBA has a sufficient allowance for bad loans (132%).

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

Loan Level: QNBA has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: QNBA's Loans to Deposits ratio (61%) is appropriate.

Level of Bad Loans: QNBA has a high level of bad loans (3.8%).


Dividend

What is QNB AlahliE current dividend yield, its reliability and sustainability?

8.41%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

Mohamed Bedeir

0.083

Tenure

Mr. Mohamed Mahmoud Bedeir is Chief Executive Officer & Director of QNB Alahli S.A.E from September 2021.


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

QNB Alahli S.A.E's employee growth, exchange listings and data sources


Key Information

  • Name: QNB Alahli S.A.E
  • Ticker: QNBA
  • Exchange: CASE
  • Founded: 1978
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ج.م35.016b
  • Shares outstanding: 2.15b
  • Website: https://www.qnbalahli.com

Number of Employees


Location

  • QNB Alahli S.A.E
  • 5 Champlion Street
  • Downtown
  • Cairo
  • 11111
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:39
End of Day Share Price2021/10/18 00:00
Earnings2021/09/30
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.