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Commercial Bank (P.S.Q.C.)

LSE:CBQS
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CBQS
LSE
QAR19B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

The Commercial Bank (P.S.Q.C.), together with its subsidiaries, engages in conventional banking, brokerage services, and credit card businesses. The last earnings update was 5 days ago. More info.


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CBQS Share Price and Events
7 Day Returns
0%
LSE:CBQS
1%
GB Banks
0.6%
GB Market
1 Year Returns
23.2%
LSE:CBQS
-8.7%
GB Banks
1.1%
GB Market
CBQS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Commercial Bank (P.S.Q.C.) (CBQS) 0% 0.7% 0.7% 23.2% 32.5% -57.1%
GB Banks 1% 7.9% 4.8% -8.7% 17% -11.2%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • CBQS outperformed the Banks industry which returned -8.7% over the past year.
  • CBQS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
CBQS
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Commercial Bank (P.S.Q.C.)'s competitors could be found in our database.

CBQS Value

 Is Commercial Bank (P.S.Q.C.) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Commercial Bank (P.S.Q.C.) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Commercial Bank (P.S.Q.C.).

LSE:CBQS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= QAR46.15 * 11.1%
QAR5.13
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. QAR46.15
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:CBQS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 10%) (191.06%))
1.411
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.411 * 5.96%)
9.63%

Discounted Cash Flow Calculation for LSE:CBQS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Commercial Bank (P.S.Q.C.) is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:CBQS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.1% – 9.63%) * QAR46.15)
QAR0.69
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= QAR0.69 / (9.63% - 1.23%)
QAR8.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= QAR46.15 + QAR8.16
QAR54.32
LSE:CBQS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:CBQS represents 0.03234x of DSM:CBQK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.03234x
Value per Share
(Listing Adjusted, USD)
= Value per Share (QAR) x Listing Adjustment Factor
= QAR 54.32 x 0.03234
$1.76
Value per share (USD) From above. $1.76
Current discount Discount to share price of $1.54
= -1 x ($1.54 - $1.76) / $1.76
12.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Commercial Bank (P.S.Q.C.) is available for.
Intrinsic value
12%
Share price is $1.54 vs Future cash flow value of $1.76
Current Discount Checks
For Commercial Bank (P.S.Q.C.) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Commercial Bank (P.S.Q.C.)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Commercial Bank (P.S.Q.C.)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Commercial Bank (P.S.Q.C.)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Commercial Bank (P.S.Q.C.)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:CBQS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in QAR QAR3.58
DSM:CBQK Share Price ** DSM (2019-04-18) in QAR QAR47.62
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Commercial Bank (P.S.Q.C.).

LSE:CBQS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DSM:CBQK Share Price ÷ EPS (both in QAR)

= 47.62 ÷ 3.58

13.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Commercial Bank (P.S.Q.C.) is overvalued based on earnings compared to the GB Banks industry average.
  • Commercial Bank (P.S.Q.C.) is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Commercial Bank (P.S.Q.C.)'s expected growth come at a high price?
Raw Data
LSE:CBQS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
8.7%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:CBQS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.3x ÷ 8.7%

1.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Commercial Bank (P.S.Q.C.) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Commercial Bank (P.S.Q.C.)'s assets?
Raw Data
LSE:CBQS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in QAR QAR49.09
DSM:CBQK Share Price * DSM (2019-04-18) in QAR QAR47.62
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:CBQS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DSM:CBQK Share Price ÷ Book Value per Share (both in QAR)

= 47.62 ÷ 49.09

0.97x

* Primary Listing of Commercial Bank (P.S.Q.C.).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Commercial Bank (P.S.Q.C.) is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Commercial Bank (P.S.Q.C.)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Commercial Bank (P.S.Q.C.) has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CBQS Future Performance

 How is Commercial Bank (P.S.Q.C.) expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Commercial Bank (P.S.Q.C.) expected to grow at an attractive rate?
  • Commercial Bank (P.S.Q.C.)'s earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Commercial Bank (P.S.Q.C.)'s earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Commercial Bank (P.S.Q.C.)'s revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:CBQS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:CBQS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 8.7%
LSE:CBQS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 9.3%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:CBQS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in QAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:CBQS Future Estimates Data
Date (Data in QAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,425
2022-12-31 4,548 2,235 1
2021-12-31 4,240 2,217 4
2020-12-31 3,911 2,010 5
2019-12-31 3,694 1,827 6
LSE:CBQS Past Financials Data
Date (Data in QAR Millions) Revenue Cash Flow Net Income *
2019-03-31 2,669 -4,380 1,450
2018-12-31 2,673 2,214 1,423
2018-09-30 2,653 -5,608 1,364
2018-06-30 2,402 -2,988 1,039
2018-03-31 2,069 -5,077 677
2017-12-31 1,786 -7,105 364
2017-09-30 1,855 -7,656 40
2017-06-30 1,843 -4,729 -40
2017-03-31 1,989 -3,406 84
2016-12-31 2,233 -3,270 281
2016-09-30 2,107 -2,140 570
2016-06-30 2,536 -8,945 817

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Commercial Bank (P.S.Q.C.)'s earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • Commercial Bank (P.S.Q.C.)'s revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:CBQS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Commercial Bank (P.S.Q.C.) Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:CBQS Future Estimates Data
Date (Data in QAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.07 5.36 4.78 2.00
2020-12-31 4.56 4.90 4.38 3.00
2019-12-31 3.99 4.14 3.85 3.00
LSE:CBQS Past Financials Data
Date (Data in QAR Millions) EPS *
2019-03-31 3.58
2018-12-31 3.52
2018-09-30 3.35
2018-06-30 2.55
2018-03-31 1.67
2017-12-31 0.91
2017-09-30 0.11
2017-06-30 -0.11
2017-03-31 0.24
2016-12-31 0.82
2016-09-30 1.66
2016-06-30 2.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Commercial Bank (P.S.Q.C.) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Commercial Bank (P.S.Q.C.)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Commercial Bank (P.S.Q.C.) has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CBQS Past Performance

  How has Commercial Bank (P.S.Q.C.) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Commercial Bank (P.S.Q.C.)'s growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Commercial Bank (P.S.Q.C.)'s year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Commercial Bank (P.S.Q.C.)'s 1-year earnings growth exceeds its 5-year average (114.1% vs -18.1%)
  • Commercial Bank (P.S.Q.C.)'s earnings growth has exceeded the GB Banks industry average in the past year (114.1% vs 42.2%).
Earnings and Revenue History
Commercial Bank (P.S.Q.C.)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Commercial Bank (P.S.Q.C.) Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:CBQS Past Revenue, Cash Flow and Net Income Data
Date (Data in QAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,668.94 1,449.56 844.24
2018-12-31 2,673.05 1,423.18 843.71
2018-09-30 2,652.79 1,364.28 849.38
2018-06-30 2,402.42 1,039.11 875.09
2018-03-31 2,068.59 677.11 874.95
2017-12-31 1,785.97 363.65 897.99
2017-09-30 1,855.08 40.39 978.08
2017-06-30 1,842.57 -40.04 1,001.61
2017-03-31 1,988.78 83.86 1,038.84
2016-12-31 2,233.43 280.75 1,068.47
2016-09-30 2,106.52 570.25 1,090.86
2016-06-30 2,536.25 817.21 1,104.47
2016-03-31 2,920.41 1,147.21 1,106.25
2015-12-31 3,050.97 1,281.46 1,092.77
2015-09-30 3,204.69 1,460.66 1,079.01
2015-06-30 3,218.46 1,701.23 1,074.92
2015-03-31 3,129.30 1,678.75 1,075.90
2014-12-31 3,229.84 1,760.32 1,079.47
2014-09-30 3,260.39 1,809.92 1,096.91
2014-06-30 3,034.31 1,604.30 1,093.49
2014-03-31 2,913.44 1,602.74 1,009.14
2013-12-31 2,719.99 1,604.49 918.82
2013-09-30 2,672.49 1,752.07 792.61
2013-06-30 2,818.06 2,019.28 706.67
2013-03-31 2,835.75 2,046.74 700.53
2012-12-31 2,782.13 2,012.29 682.95
2012-09-30 2,658.51 1,941.27 455.67
2012-06-30 2,621.19 1,945.30 502.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Commercial Bank (P.S.Q.C.) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Commercial Bank (P.S.Q.C.) used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Commercial Bank (P.S.Q.C.) improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Commercial Bank (P.S.Q.C.)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Commercial Bank (P.S.Q.C.) has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CBQS Health

 How is Commercial Bank (P.S.Q.C.)'s financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Commercial Bank (P.S.Q.C.)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Commercial Bank (P.S.Q.C.) Company Filings, last reported 3 weeks ago.

LSE:CBQS Past Debt and Equity Data
Date (Data in QAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 19,866.78 36,822.63 20,360.15
2018-12-31 19,999.42 38,150.54 15,448.68
2018-09-30 19,707.53 34,102.60 13,530.02
2018-06-30 19,365.14 37,287.63 11,981.25
2018-03-31 19,244.68 39,424.92 14,468.93
2017-12-31 21,021.52 33,967.99 10,972.60
2017-09-30 21,253.01 33,514.41 10,600.37
2017-06-30 21,133.80 30,692.49 9,707.01
2017-03-31 20,983.17 34,553.18 14,128.80
2016-12-31 19,301.27 33,797.52 14,907.39
2016-09-30 18,842.52 32,909.93 13,219.89
2016-06-30 18,986.49 31,499.69 15,037.70
2016-03-31 18,731.44 28,181.25 15,423.05
2015-12-31 17,298.68 33,083.35 11,094.42
2015-09-30 17,351.05 33,324.89 6,975.72
2015-06-30 17,290.15 33,519.52 10,626.41
2015-03-31 16,894.59 33,066.99 11,354.87
2014-12-31 17,696.11 33,335.81 13,091.46
2014-09-30 17,475.95 33,931.93 13,550.81
2014-06-30 17,181.51 29,765.60 11,141.06
2014-03-31 16,628.14 30,104.17 13,288.29
2013-12-31 16,555.10 30,249.77 15,632.94
2013-09-30 14,376.98 28,884.58 11,730.40
2013-06-30 14,130.26 21,981.87 10,671.90
2013-03-31 13,901.54 23,303.99 11,149.10
2012-12-31 14,939.38 21,799.49 9,299.05
2012-09-30 14,501.28 18,248.51 7,242.87
2012-06-30 13,910.32 16,961.59 8,825.78
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Commercial Bank (P.S.Q.C.) has an acceptable proportion of non-loan assets held.
  • Commercial Bank (P.S.Q.C.)'s liabilities are made up of primarily low risk sources of funding.
  • Loans at Commercial Bank (P.S.Q.C.) are broadly funded by customer deposits.
  • Commercial Bank (P.S.Q.C.)'s level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Commercial Bank (P.S.Q.C.) has a low allowance for bad loans.
  • Commercial Bank (P.S.Q.C.) has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Commercial Bank (P.S.Q.C.)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Commercial Bank (P.S.Q.C.) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CBQS Dividends

 What is Commercial Bank (P.S.Q.C.)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.15%
Current annual income from Commercial Bank (P.S.Q.C.) dividends. Estimated to be 3.83% next year.
If you bought $2,000 of Commercial Bank (P.S.Q.C.) shares you are expected to receive $63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Commercial Bank (P.S.Q.C.)'s pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Commercial Bank (P.S.Q.C.)'s dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:CBQS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:CBQS Future Dividends Estimate Data
Date (Data in QAR) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.80 1.00
2021-12-31 2.17 5.00
2020-12-31 1.80 7.00
2019-12-31 1.60 7.00
LSE:CBQS Past Annualized Dividends Data
Date (Data in QAR) Dividend per share (annual) Avg. Yield (%)
2019-02-05 1.500 3.475
2019-01-15 1.500 3.563
2018-01-30 1.000 2.733
2017-10-18 0.000 0.000
2017-10-15 0.000 0.000
2017-07-19 0.000 0.000
2017-07-16 0.000 0.000
2017-04-18 0.000 0.000
2017-02-21 0.000 0.000
2016-03-10 2.857 8.150
2015-03-19 3.030 6.235
2014-03-05 1.443 2.436
2013-01-28 4.329 8.607
2012-01-25 4.329 8.188
2011-01-23 5.051 9.052
2010-01-25 4.329 7.984
2009-12-31 4.329 9.862
2009-04-23 5.051 10.169

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Commercial Bank (P.S.Q.C.)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Commercial Bank (P.S.Q.C.)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Commercial Bank (P.S.Q.C.) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Commercial Bank (P.S.Q.C.) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CBQS Management

 What is the CEO of Commercial Bank (P.S.Q.C.)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Abraham
TENURE AS CEO 2.8 years
CEO Bio

Mr. Joseph Abraham has been the Group Chief Executive Officer of The Commercial Bank (P.Q.S.C.) since June 2016. Before joining Commercial Bank, Mr. Abraham served as the Chief Executive Officer of Indonesia Operations at Australia and New Zealand Banking Group Limited since April 15, 2008 until 2016. He is responsible for retail and institutional business in Indonesia and partnership with Panin Bank. He served as the President Director of PT Bank ANZ Indonesia since August 2008 until April 30, 2016. Mr. Abraham has an extensive international experience in Indonesia, Singapore, Hong Kong, Ghana, United Kingdom and India, in various country and regional roles covering General Management, Corporate Banking, Strategy, Product Management as well Acquisitions and Integrations. He has experience in Asian banking markets. He served as the Chief of Staff of to the Global Head of Client Relationship of Standard Chartered Bank in Singapore. He served as Head of Strategy and Product Management of North East Asia; Managing Director and Chief Executive Officer Ghana; and Executive Director Corporate Banking. He has been Vice Chairman of Alternatifbank A.S. since August 21, 2017 and as its Director since December 19, 2016. Mr. Abraham is a seasoned banking professional with experience in both developed and emerging markets. Mr. Abraham has worked in Indonesia, Singapore, Hong Kong, Ghana, UK and India in various country and regional banking roles with a successful track record covering general management, corporate banking, strategy, product management as well as acquisitions and integrations. He serves as the Chairman of CBQ Finance Limited. He has been a Director of United Arab Bank P.J.S.C. since March 2017. Mr. Abraham graduated with an MBA from Stanford Business School. Mr. Abraham has a Masters in Management Science from the University of Bombay and a BA (Economics) from St Stephens College, University of Delhi. Mr. Abraham graduated from Stanford Business School, Stanford University with a Master of Business Administration degree.

CEO Compensation
  • Insufficient data for Joseph to compare compensation growth.
  • Insufficient data for Joseph to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Commercial Bank (P.S.Q.C.) management team in years:

2
Average Tenure
  • The tenure for the Commercial Bank (P.S.Q.C.) management team is about average.
Management Team

Sheikh Abdulla Ali bin Jabor Al-Thani

TITLE
Chairman of the Board

Joseph Abraham

TITLE
Group Chief Executive Officer
TENURE
2.8 yrs

Omar Hussain Ibrahim Alfardan

TITLE
MD & Non Independent and Executive Director
TENURE
2 yrs

Rehan Khan

TITLE
EGM & CFO
TENURE
6.3 yrs

Leonie Lethbridge

TITLE
COO & EGM
AGE
56
TENURE
1.8 yrs

Parvez Khan

TITLE
Executive Gm of Treasury & Investments

Dimitris Mavrogiannis

TITLE
Chief Technology Officer

Shoaa Ahmad

TITLE
Manager of Investor Relations

Abdulla Fadli

TITLE
Senior Assistant GM & Chief Compliance Officer
TENURE
1.3 yrs

Ibrahim Al Emadi

TITLE
Head of Corporate Communications
Board of Directors Tenure

Average tenure of the Commercial Bank (P.S.Q.C.) board of directors in years:

5.1
Average Tenure
  • The tenure for the Commercial Bank (P.S.Q.C.) board of directors is about average.
Board of Directors

Hussain Al-Fardan

TITLE
Non Independent & Executive Vice Chairman
AGE
85
TENURE
5.1 yrs

Sheikh Abdulla Ali bin Jabor Al-Thani

TITLE
Chairman of the Board
TENURE
5.1 yrs

Omar Hussain Ibrahim Alfardan

TITLE
MD & Non Independent and Executive Director

Abdul Rahman Bin Al Attiyah

TITLE
Director
TENURE
5.3 yrs

Sheikh Jabor Ali bin Jabor Al Thani

TITLE
Director
TENURE
17.3 yrs

Mohammed Ismail M. Al-Emadi

TITLE
Director & Representative of M/S Savings Development
TENURE
5.3 yrs

Faisal bin Fahad Jassim Al Thani

TITLE
Independent Director
TENURE
2 yrs

Saleh Abdulla Mohamed Al Al Mannai

TITLE
Independent Director
TENURE
2 yrs

Khalaf Al Mannai

TITLE
Representive Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Commercial Bank (P.S.Q.C.)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Commercial Bank (P.S.Q.C.) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CBQS News

Simply Wall St News

CBQS Company Info

Description

The Commercial Bank (P.S.Q.C.), together with its subsidiaries, engages in conventional banking, brokerage services, and credit card businesses. The company operates through four segments Wholesale Banking, Retail Banking, Alternatifbank A.S. (ABank), and Other Principal Subsidiaries. The Wholesale Banking segment provides demand and time deposit services; various conventional funded and non-funded credit facilities; currency exchange facilities; interest rate swaps and other derivative trading services; loan syndication and structured financing services; investment banking services; and letters of credit and guarantees, as well as manages money market funds and proprietary investment portfolio. This segment serves corporate, commercial, and multinational customers, as well as large, medium, and small enterprises. The Retail Banking segment offers personal current, savings, time, and investment account services; credit card and debit card services; consumer and vehicle loans, and residential mortgage services; and custodial and wealth management services to retail and individual customers. The ABank segment provides corporate, commercial, and retail banking products and services through a network of 53 branches in Turkey. The Other Principal Subsidiaries segment offers brokerage services; and issues debts for banks. The company also provides insurance products. It operates in Qatar, and other GCC countries and rest of the Middle East; and Europe, North America, and internationally. As of September 30, 2018, the company had 69 branches, including 1 branch in Egypt, Abu Dhabi, and Dubai. The Commercial Bank was incorporated in 1974 and is headquartered in Doha, Qatar.

Details
Name: The Commercial Bank (P.S.Q.C.)
CBQS
Exchange: LSE
Founded: 1974
QAR5,293,477,535
404,725,375
Website: http://www.cbq.qa
Address: The Commercial Bank (P.S.Q.C.)
The Commercial Plaza,
PO Box 3232,
Doha,
Qatar
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DSM CBQK Ordinary Shares Doha Securities Market QA QAR 12. Jun 1996
LSE CBQS GDR (5 GDR REPR 1 ORD)REGS London Stock Exchange GB USD 30. Jul 2008
Number of employees
Current staff
Staff numbers
2,251
Commercial Bank (P.S.Q.C.) employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:25
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/21
Last earnings filing: 2019/04/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.