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SAUD

alBaraka Bank EgyptECASE:SAUD Stock Report

Market Cap

ج.م2.9b

7D

0.2%

1Y

29.7%

Updated

25 Oct, 2021

Data

Company Financials +
SAUD fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends0/6

SAUD Overview

alBaraka Bank Egypt S.A.E. provides Islamic banking products and services in Egypt.

alBaraka Bank EgyptE Competitors

Egyptian Gulf Bank (S.A.E)

CASE:EGBE

US$166.6m

Ameris Bancorp

NasdaqGS:ABCB

US$3.8b

BLOM Bank SAL

BDB:BLBD

US$731.8m

Faisal Islamic Bank of Egypt

CASE:FAITA

US$486.3m

Price History & Performance

Summary of all time highs, changes and price drops for alBaraka Bank EgyptE
Historical stock prices
Current Share Priceج.م13.11
52 Week Highج.م10.00
52 Week Lowج.م14.95
Beta0.38
1 Month Change-2.02%
3 Month Change-1.06%
1 Year Change29.67%
3 Year Change21.08%
5 Year Change152.62%
Change since IPO244.18%

Recent News & Updates

Shareholder Returns

SAUDEG BanksEG Market
7D0.2%-0.6%3.0%
1Y29.7%9.5%12.4%

Return vs Industry: SAUD exceeded the EG Banks industry which returned 7.4% over the past year.

Return vs Market: SAUD exceeded the EG Market which returned 12.2% over the past year.

Price Volatility

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

Stable Share Price: SAUD is not significantly more volatile than the rest of EG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SAUD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980970Hazem Hussein Hegazyhttps://www.albaraka-bank.com.eg

alBaraka Bank Egypt S.A.E. provides Islamic banking products and services in Egypt. It offers retail products, payment cards, and syndicated facilities; and commercial activities financing, as well as small and medium enterprises financing services. The company also provides import and export trade finance, regional international connections, and consulting services; exchange rate services; investment funds; and investment trustee and real estate agency services.

alBaraka Bank EgyptE Fundamentals Summary

How do alBaraka Bank EgyptE's earnings and revenue compare to its market cap?
SAUD fundamental statistics
Market Capج.م2.90b
Earnings (TTM)ج.م1.15b
Revenue (TTM)ج.م2.39b

2.5x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SAUD income statement (TTM)
Revenueج.م2.39b
Cost of Revenueج.م0
Gross Profitج.م2.39b
Expensesج.م1.24b
Earningsج.م1.15b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.21
Gross Margin100.00%
Net Profit Margin48.25%
Debt/Equity Ratio18.7%

How did SAUD perform over the long term?

See historical performance and comparison

Valuation

Is alBaraka Bank EgyptE undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAUD (EGP13.11) is trading below our estimate of fair value (EGP72.66)

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


Price To Earnings Ratio

PE vs Industry: SAUD is good value based on its PE Ratio (2.5x) compared to the African Banks industry average (6.7x).

PE vs Market: SAUD is good value based on its PE Ratio (2.5x) compared to the EG market (8.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SAUD is good value based on its PB Ratio (0.5x) compared to the XF Banks industry average (0.9x).


Future Growth

How is alBaraka Bank EgyptE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAUD's forecast earnings growth (8.7% per year) is below the savings rate (9.1%).

Earnings vs Market: SAUD's earnings (8.7% per year) are forecast to grow slower than the EG market (13.7% per year).

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

Revenue vs Market: SAUD's revenue (11.1% per year) is forecast to grow faster than the EG market (9.9% per year).

High Growth Revenue: SAUD's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAUD's Return on Equity is forecast to be low in 3 years time (14.7%).


Past Performance

How has alBaraka Bank EgyptE performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAUD has high quality earnings.

Growing Profit Margin: SAUD's current net profit margins (48.2%) are higher than last year (40.8%).


Past Earnings Growth Analysis

Earnings Trend: SAUD's earnings have grown significantly by 20.7% per year over the past 5 years.

Accelerating Growth: SAUD's earnings growth over the past year (26%) exceeds its 5-year average (20.7% per year).

Earnings vs Industry: SAUD earnings growth over the past year (26%) exceeded the Banks industry 0.2%.


Return on Equity

High ROE: SAUD's Return on Equity (24%) is considered high.


Financial Health

How is alBaraka Bank EgyptE'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: SAUD's Assets to Equity ratio (13.9x) is moderate.

Allowance for Bad Loans: SAUD has a sufficient allowance for bad loans (127%).

Low Risk Liabilities: 96% of SAUD's liabilities are made up of primarily low risk sources of funding.

Loan Level: SAUD has an appropriate level of Loans to Assets ratio (25%).

Low Risk Deposits: SAUD's Loans to Deposits ratio (28%) is appropriate.

Level of Bad Loans: SAUD has a high level of bad loans (5.9%).


Dividend

What is alBaraka Bank EgyptE current dividend yield, its reliability and sustainability?

6.30%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

0.5yrs

Average management tenure


CEO

Hazem Hussein Hegazy

0.083

Tenure

H.E./Mr. Hazem Hussein Rashad Hegazy is Deputy Chairman & CEO of alBaraka Bank Egypt S.A.E. from September 2021.


Leadership Team

Experienced Management: SAUD's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: SAUD's board of directors are not considered experienced ( 1.8 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

alBaraka Bank Egypt S.A.E.'s employee growth, exchange listings and data sources


Key Information

  • Name: alBaraka Bank Egypt S.A.E.
  • Ticker: SAUD
  • Exchange: CASE
  • Founded: 1980
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: ج.م2.896b
  • Shares outstanding: 220.92m
  • Website: https://www.albaraka-bank.com.eg

Number of Employees


Location

  • alBaraka Bank Egypt S.A.E.
  • Plot 29
  • Road 90
  • 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 Analysis2021/10/25 16:47
End of Day Share Price2021/10/25 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.