alBaraka Bank Egypt S.A.E.

CASE:SAUD Stock Report

Market Cap: ج.م10.3b

alBaraka Bank EgyptE Valuation

Is SAUD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 SAUD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAUD (EGP14.17) is trading above our estimate of fair value (EGP13.83)

Significantly Below Fair Value: SAUD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAUD?

Key metric: As SAUD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAUD. This is calculated by dividing SAUD's market cap by their current earnings.
What is SAUD's PE Ratio?
PE Ratio4.2x
Earningsج.م2.46b
Market Capج.م10.30b

Price to Earnings Ratio vs Peers

How does SAUD's PE Ratio compare to its peers?

The above table shows the PE ratio for SAUD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average3.2x
EGBE Egyptian Gulf Bank (S.A.E)
3.5xn/aUS$137.7m
CANA Suez Canal Bank (S.A.E)
3.4xn/aج.م12.3b
ADIB Abu Dhabi Islamic Bank - Egypt -E
3.2x1.1%ج.م25.5b
UBEE United Bank
2.7xn/aج.م5.5b
SAUD alBaraka Bank EgyptE
4.2x15.8%ج.م10.3b

Price-To-Earnings vs Peers: SAUD is expensive based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (3.2x).

Price to Earnings Ratio vs Industry

How does SAUD's PE Ratio compare vs other companies in the African Banks Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SAUD 4.2xIndustry Avg. 5.1xNo. of Companies25PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAUD is good value based on its Price-To-Earnings Ratio (4.2x) compared to the African Banks industry average (5.1x).

Price to Earnings Ratio vs Fair Ratio

What is SAUD'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.

SAUD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.2x
Fair PE Ratio4x

Price-To-Earnings vs Fair Ratio: SAUD is expensive based on its Price-To-Earnings Ratio (4.2x) compared to the estimated Fair Price-To-Earnings Ratio (4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAUD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م14.17
ج.م16.15
+13.9%
38.8%ج.م25.00ج.م11.60n/a3
Nov ’25ج.م13.91
ج.م11.72
-15.7%
1.0%ج.م11.84ج.م11.60n/a2
Oct ’25ج.م11.77
ج.م11.72
-0.4%
1.0%ج.م11.84ج.م11.60n/a2
Sep ’25ج.م11.20
ج.م11.72
+4.6%
1.0%ج.م11.84ج.م11.60n/a2
Aug ’25ج.م10.86
ج.م11.72
+7.9%
1.0%ج.م11.84ج.م11.60n/a2
May ’25ج.م10.79
ج.م14.45
+33.9%
5.2%ج.م15.20ج.م13.70n/a2
Apr ’25ج.م11.35
ج.م14.45
+27.3%
5.2%ج.م15.20ج.م13.70n/a2
Mar ’25ج.م14.06
ج.م14.45
+2.8%
5.2%ج.م15.20ج.م13.70n/a2
Feb ’25ج.م15.66
ج.م14.45
-7.7%
5.2%ج.م15.20ج.م13.70n/a2
Jan ’25ج.م11.50
ج.م14.45
+25.7%
5.2%ج.م15.20ج.م13.70n/a2
Dec ’24ج.م11.46
ج.م10.96
-4.4%
38.7%ج.م15.20ج.م6.71n/a2
Nov ’24ج.م9.85
ج.م10.96
+11.2%
38.7%ج.م15.20ج.م6.71ج.م13.912
Oct ’24ج.م9.14
ج.م9.11
-0.3%
26.3%ج.م11.51ج.م6.71ج.م11.772
Sep ’24ج.م9.38
ج.م9.11
-2.9%
26.3%ج.م11.51ج.م6.71ج.م11.202
Aug ’24ج.م8.11
ج.م9.11
+12.3%
26.3%ج.م11.51ج.م6.71ج.م10.862
Jul ’24ج.م8.37
ج.م9.11
+8.8%
26.3%ج.م11.51ج.م6.71ج.م10.732
Jun ’24ج.م8.29
ج.م8.71
+5.0%
22.9%ج.م10.70ج.م6.71ج.م10.942
May ’24ج.م8.17
ج.م8.71
+6.5%
22.9%ج.م10.70ج.م6.71ج.م10.792
Apr ’24ج.م7.54
ج.م8.15
+8.1%
17.7%ج.م9.59ج.م6.71ج.م11.352
Mar ’24ج.م8.96
ج.م7.46
-16.8%
20.5%ج.م9.59ج.م6.08ج.م14.063
Feb ’24ج.م9.05
ج.م7.46
-17.6%
20.5%ج.م9.59ج.م6.08ج.م15.663
Jan ’24ج.م8.26
ج.م7.46
-9.7%
20.5%ج.م9.59ج.م6.08ج.م11.503
Dec ’23ج.م6.86
ج.م7.46
+8.7%
20.5%ج.م9.59ج.م6.08ج.م11.463
Nov ’23ج.م5.05
ج.م7.46
+47.6%
20.5%ج.م9.59ج.م6.08ج.م9.853

Analyst Forecast: Target price is less than 20% higher than the current share price.

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