QNB AlahliE Valuation
Is QNBA 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 QNBA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: QNBA (EGP33.18) is trading above our estimate of fair value (EGP10.44)
Significantly Below Fair Value: QNBA is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for QNBA?
Other financial metrics that can be useful for relative valuation.
| What is QNBA's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ج.م71.50b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.2x |
Price to Earnings Ratio vs Peers
How does QNBA's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.8x | ||
HDBK Housing and Development Bank- Egypt (S.A.E) | 3.9x | 4.8% | ج.م25.6b |
CIEB Credit Agricole - Egypt Bank (S.A.E.) | 5.3x | 11.3% | ج.م27.5b |
ADIB Abu Dhabi Islamic Bank - Egypt -E | 4.5x | 12.2% | ج.م21.0b |
COMI Commercial International Bank (Egypt)E | 9.6x | 18.9% | ج.م247.9b |
QNBA QNB AlahliE | 4.4x | 18.3% | ج.م71.5b |
Price-To-Earnings vs Peers: QNBA is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (5.8x).
Price to Earnings Ratio vs Industry
How does QNBA's PE Ratio compare vs other companies in the African Banks Industry?
Price-To-Earnings vs Industry: QNBA is good value based on its Price-To-Earnings Ratio (4.4x) compared to the African Banks industry average (5.4x).
Price to Earnings Ratio vs Fair Ratio
What is QNBA'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 | 4.4x |
| Fair PE Ratio | 5.4x |
Price-To-Earnings vs Fair Ratio: QNBA is good value based on its Price-To-Earnings Ratio (4.4x) compared to the estimated Fair Price-To-Earnings Ratio (5.4x).
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.م33.18 | ج.م49.63 +49.6% | 15.8% | ج.م60.00 | ج.م40.60 | n/a | 4 |
| Apr ’25 | ج.م32.01 | ج.م44.75 +39.8% | 12.6% | ج.م54.30 | ج.م40.50 | n/a | 4 |
| Mar ’25 | ج.م36.01 | ج.م44.75 +24.3% | 12.6% | ج.م54.30 | ج.م40.50 | n/a | 4 |
| Feb ’25 | ج.م40.58 | ج.م44.75 +10.3% | 12.6% | ج.م54.30 | ج.م40.50 | n/a | 4 |
| Jan ’25 | ج.م28.17 | ج.م40.78 +44.7% | 4.5% | ج.م43.60 | ج.م38.40 | n/a | 4 |
| Dec ’24 | ج.م27.98 | ج.م34.58 +23.6% | 15.0% | ج.م40.50 | ج.م27.40 | n/a | 4 |
| Nov ’24 | ج.م25.11 | ج.م34.58 +37.7% | 15.0% | ج.م40.50 | ج.م27.40 | n/a | 4 |
| Oct ’24 | ج.م21.99 | ج.م30.88 +40.4% | 17.3% | ج.م40.50 | ج.م25.00 | n/a | 5 |
| Sep ’24 | ج.م20.70 | ج.م28.78 +39.0% | 8.3% | ج.م32.00 | ج.م25.00 | n/a | 5 |
| Aug ’24 | ج.م20.93 | ج.م28.22 +34.8% | 6.5% | ج.م30.00 | ج.م25.00 | n/a | 5 |
| Jul ’24 | ج.م20.14 | ج.م27.77 +37.9% | 6.3% | ج.م30.00 | ج.م25.00 | n/a | 5 |
| Jun ’24 | ج.م19.04 | ج.م27.77 +45.8% | 6.3% | ج.م30.00 | ج.م25.00 | n/a | 5 |
| May ’24 | ج.م18.03 | ج.م27.77 +54.0% | 6.3% | ج.م30.00 | ج.م25.00 | n/a | 5 |
| Apr ’24 | ج.م17.19 | ج.م27.66 +60.9% | 6.4% | ج.م30.00 | ج.م25.00 | ج.م32.01 | 5 |
| Mar ’24 | ج.م20.58 | ج.م25.86 +25.7% | 10.7% | ج.م29.20 | ج.م21.00 | ج.م36.01 | 5 |
| Feb ’24 | ج.م19.34 | ج.م24.78 +28.1% | 9.2% | ج.م26.70 | ج.م21.00 | ج.م40.58 | 4 |
| Jan ’24 | ج.م17.40 | ج.م25.58 +47.0% | 12.5% | ج.م29.90 | ج.م21.00 | ج.م28.17 | 4 |
| Dec ’23 | ج.م18.02 | ج.م24.38 +35.3% | 8.3% | ج.م26.40 | ج.م21.00 | ج.م27.98 | 4 |
| Nov ’23 | ج.م16.76 | ج.م24.38 +45.4% | 8.3% | ج.م26.40 | ج.م21.00 | ج.م25.11 | 4 |
| Oct ’23 | ج.م15.60 | ج.م25.30 +62.2% | 2.8% | ج.م26.40 | ج.م24.50 | ج.م21.99 | 4 |
| Sep ’23 | ج.م16.00 | ج.م25.30 +58.1% | 2.8% | ج.م26.40 | ج.م24.50 | ج.م20.70 | 4 |
| Aug ’23 | ج.م14.53 | ج.م24.14 +66.1% | 10.0% | ج.م26.40 | ج.م19.50 | ج.م20.93 | 5 |
| Jul ’23 | ج.م16.00 | ج.م24.14 +50.9% | 10.0% | ج.م26.40 | ج.م19.50 | ج.م20.14 | 5 |
| Jun ’23 | ج.م16.50 | ج.م23.97 +45.3% | 9.4% | ج.م26.50 | ج.م19.50 | ج.م19.04 | 6 |
| May ’23 | ج.م17.48 | ج.م23.97 +37.1% | 9.4% | ج.م26.50 | ج.م19.50 | ج.م18.03 | 6 |
| Apr ’23 | ج.م18.00 | ج.م24.17 +34.3% | 10.0% | ج.م26.50 | ج.م19.50 | ج.م17.19 | 6 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.