Price Target Changed • May 20
Price target increased by 42% to ج.م19.43 Up from ج.م13.70, the current price target is an average from 3 analysts. New target price is 12% below last closing price of ج.م22.20. Stock is up 96% over the past year. The company posted earnings per share of ج.م4.78 last year. Announcement • Feb 12
alBaraka Bank Egypt S.A.E., Annual General Meeting, Mar 17, 2026 alBaraka Bank Egypt S.A.E., Annual General Meeting, Mar 17, 2026, at 14:00 Egypt Standard Time. Location: cairo Egypt Board Change • May 14
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Ghada Labib was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 18
alBaraka Bank Egypt S.A.E., Annual General Meeting, Mar 17, 2025 alBaraka Bank Egypt S.A.E., Annual General Meeting, Mar 17, 2025, at 14:30 Egypt Standard Time. Location: cairo Egypt Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ج.م1.06 (vs ج.م0.70 in 3Q 2023) Third quarter 2024 results: EPS: ج.م1.06 (up from ج.م0.70 in 3Q 2023). Revenue: ج.م1.69b (up 46% from 3Q 2023). Net income: ج.م888.2m (up 52% from 3Q 2023). Profit margin: 53% (up from 51% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: ج.م0.94 (vs ج.م0.69 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.94 (up from ج.م0.69 in 2Q 2023). Revenue: ج.م1.54b (up 35% from 2Q 2023). Net income: ج.م777.9m (up 36% from 2Q 2023). Profit margin: 50% (in line with 2Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 35% per year. Price Target Changed • Jul 09
Price target decreased by 14% to ج.م11.72 Down from ج.م13.70, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ج.م10.49. Stock is up 31% over the past year. The company is forecast to post earnings per share of ج.م3.12 for next year compared to ج.م2.61 last year. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ج.م0.66 (vs ج.م0.46 in 1Q 2023) First quarter 2024 results: EPS: ج.م0.66 (up from ج.م0.46 in 1Q 2023). Revenue: ج.م1.41b (up 39% from 1Q 2023). Net income: ج.م553.3m (up 95% from 1Q 2023). Profit margin: 39% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م16.02, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Banks industry in Egypt. Total returns to shareholders of 283% over the past three years. Reported Earnings • Feb 20
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: ج.م2.61 (up from ج.م2.12 in FY 2022). Revenue: ج.م4.66b (up 34% from FY 2022). Net income: ج.م2.22b (up 44% from FY 2022). Profit margin: 48% (up from 44% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ج.م12.96, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Banks industry in Egypt. Total returns to shareholders of 278% over the past three years. Major Estimate Revision • Dec 05
Consensus revenue estimates increase by 14% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ج.م4.26b to ج.م4.87b. EPS estimate increased from ج.م2.24 to ج.م2.62 per share. Net income forecast to grow 37% next year vs 24% growth forecast for Banks industry in Egypt. Consensus price target up from ج.م10.96 to ج.م14.45. Share price was steady at ج.م11.65 over the past week. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ج.م0.70 (vs ج.م0.55 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.70 (up from ج.م0.55 in 3Q 2022). Revenue: ج.م1.15b (up 22% from 3Q 2022). Net income: ج.م584.7m (up 24% from 3Q 2022). Profit margin: 51% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ج.م0.69 (vs ج.م0.49 in 2Q 2022) Second quarter 2023 results: EPS: ج.م0.69 (up from ج.م0.49 in 2Q 2022). Revenue: ج.م1.13b (up 30% from 2Q 2022). Net income: ج.م573.9m (up 64% from 2Q 2022). Profit margin: 51% (up from 40% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ج.م0.49 (vs ج.م0.43 in 1Q 2022) First quarter 2023 results: EPS: ج.م0.49 (up from ج.م0.43 in 1Q 2022). Revenue: ج.م1.02b (up 35% from 1Q 2022). Net income: ج.م445.7m (up 67% from 1Q 2022). Profit margin: 44% (up from 36% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
alBaraka Bank Egypt S.A.E. announced that it expects to receive $30 million in funding from Islamic Corporation for the Development of the Private Sector alBaraka Bank Egypt S.A.E. announced that it has entered into financing agreement will Islamic Corporation for the Development of the Private Sector for $30 million on May 16, 2023. The transaction will be received in multiple tranches. Price Target Changed • Mar 21
Price target increased by 9.3% to ج.م8.15 Up from ج.م7.46, the current price target is an average from 3 analysts. New target price is 11% above last closing price of ج.م7.35. Stock is up 56% over the past year. The company is forecast to post earnings per share of ج.م2.04 for next year compared to ج.م2.12 last year. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ج.م7.24, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Banks industry in Egypt. Total returns to shareholders of 212% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م11.03 per share. Buying Opportunity • Mar 13
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be ج.م10.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 22% in the next 2 years. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: ج.م2.12 (vs ج.م1.37 in FY 2021) Full year 2022 results: EPS: ج.م2.12 (up from ج.م1.37 in FY 2021). Revenue: ج.م3.54b (up 39% from FY 2021). Net income: ج.م1.75b (up 76% from FY 2021). Profit margin: 49% (up from 39% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Banks industry in Egypt. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 19% share price gain to ج.م8.10, the stock trades at a trailing P/E ratio of 5.1x. Average forward P/E is 5x in the Banks industry in Egypt. Total returns to shareholders of 194% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 24% share price gain to ج.م17.31, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 3x in the Banks industry in Egypt. Total returns to shareholders of 124% over the past three years. Board Change • Nov 16
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 10 non-independent directors. Vice Chairman & CEO Hazem Hussein Hegazy was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Major Estimate Revision • Sep 16
Consensus revenue estimates increase by 12% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from ج.م3.27b to ج.م3.67b. EPS estimate increased from ج.م4.27 to ج.م4.59 per share. Net income forecast to grow 27% next year vs 9.2% growth forecast for Banks industry in Egypt. Consensus price target up from ج.م19.81 to ج.م20.26. Share price was steady at ج.م12.50 over the past week. Reported Earnings • May 22
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ج.م1.45 (up from ج.م1.22 in 1Q 2021). Revenue: ج.م760.7m (up 26% from 1Q 2021). Net income: ج.م369.4m (up 37% from 1Q 2021). Profit margin: 49% (up from 45% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 25%, compared to a 18% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 10 non-independent directors. Vice Chairman & CEO Hazem Hussein Hegazy was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Price Target Changed • Nov 30
Price target increased to ج.م18.13 Up from ج.م16.17, the current price target is an average from 3 analysts. New target price is 35% above last closing price of ج.م13.46. Stock is up 15% over the past year. The company is forecast to post earnings per share of ج.م5.39 for next year compared to ج.م4.90 last year. Is New 90 Day High Low • Feb 08
New 90-day high: ج.م13.40 The company is up 29% from its price of ج.م10.35 on 10 November 2020. The Egyptian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م40.42 per share. Is New 90 Day High Low • Dec 07
New 90-day high: ج.م12.34 The company is up 18% from its price of ج.م10.42 on 08 September 2020. The Egyptian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م29.22 per share. Analyst Estimate Surprise Post Earnings • Nov 16
Revenue beats expectations Revenue exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 3.4%, compared to a 12% growth forecast for the Banks industry in Egypt. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 19% share price gain to ج.م11.95, the stock is trading at a trailing P/E ratio of 2.9x, up from the previous P/E ratio of 2.4x. This compares to an average P/E of 5x in the Banks industry in Egypt. Total returns to shareholders over the past three years are 52%. Is New 90 Day High Low • Nov 11
New 90-day high: ج.م10.88 The company is up 17% from its price of ج.م9.30 on 13 August 2020. The Egyptian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م24.89 per share.