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THBK

Housing Bank for Trade and Finance ASE:THBK Stock Report

Last Price

د.أ3.70

Market Cap

د.أ1.2b

7D

-0.3%

1Y

-4.1%

Updated

25 Sep, 2022

Data

Company Financials
THBK fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

THBK Stock Overview

The Housing Bank for Trade and Finance provides various banking and financial products and services.

Housing Bank for Trade and Finance Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Housing Bank for Trade and Finance
Historical stock prices
Current Share Priceد.أ3.70
52 Week Highد.أ4.14
52 Week Lowد.أ3.43
Beta0.44
1 Month Change-3.65%
3 Month Change2.78%
1 Year Change-4.15%
3 Year Change-36.97%
5 Year Change-55.79%
Change since IPO233.94%

Recent News & Updates

Shareholder Returns

THBKJO BanksJO Market
7D-0.3%0.05%-1.3%
1Y-4.1%2.6%19.6%

Return vs Industry: THBK underperformed the JO Banks industry which returned 2.6% over the past year.

Return vs Market: THBK underperformed the JO Market which returned 19.6% over the past year.

Price Volatility

Is THBK's price volatile compared to industry and market?
THBK volatility
THBK Average Weekly Movement3.0%
Banks Industry Average Movement3.1%
Market Average Movement4.3%
10% most volatile stocks in JO Market6.4%
10% least volatile stocks in JO Market2.4%

Stable Share Price: THBK is less volatile than 75% of JO stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: THBK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19733,913Ammar Al-Safadihttps://www.hbtf.com

The Housing Bank for Trade and Finance provides various banking and financial products and services. The company offers savings, salaries, basic bank, time deposit, and current accounts; housing, auto, small business, and personal loans; credit and debit cards, and virtual prepaid cards; money transfer, online payments, and bank drafts; platform for spot trading in precious metals, as well as spot and forward trading in foreign currencies; e-services; and automated teller machines. It also provides direct facilities, including overdraft, discounted bills, and contractors financing, as well as real estate investment, long-term, syndicated, and revolving loans; loans in foreign currency; indirect trade facility comprising inward and outward letter of credit, bills of collection, and letter of guarantee; mobile and online electronic services; industrial, start-ups business, productive, business vehicle, and tourism loan; and bonded warehouse services.

Housing Bank for Trade and Finance Fundamentals Summary

How do Housing Bank for Trade and Finance's earnings and revenue compare to its market cap?
THBK fundamental statistics
Market Capد.أ1.17b
Earnings (TTM)د.أ119.70m
Revenue (TTM)د.أ341.98m

9.7x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
THBK income statement (TTM)
Revenueد.أ341.98m
Cost of Revenueد.أ0
Gross Profitد.أ341.98m
Other Expensesد.أ222.28m
Earningsد.أ119.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin100.00%
Net Profit Margin35.00%
Debt/Equity Ratio35.9%

How did THBK perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

53%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

THBK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

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

THBK PE Ratio vs Peers
The above table shows the PE ratio for THBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.2x
JOIB Jordan Islamic Bank
12.5xn/aد.أ762.0m
CAPL Capital Bank of Jordan
8.8x16.8%د.أ631.3m
BOJX Bank of Jordan
11.8xn/aد.أ432.0m
ARBK Arab Bank Group
11.7x22.4%د.أ3.0b
THBK Housing Bank for Trade and Finance
9.7xn/aد.أ1.2b

Price-To-Earnings vs Peers: THBK is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does THBK's PE Ratio compare vs other companies in the Asian Banks Industry?

Price-To-Earnings vs Industry: THBK is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the Asian Banks industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is THBK'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.

THBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate THBK's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of THBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate THBK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate THBK's fair value for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Housing Bank for Trade and Finance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.6%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Housing Bank for Trade and Finance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Housing Bank for Trade and Finance performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: THBK has a high level of non-cash earnings.

Growing Profit Margin: THBK's current net profit margins (35%) are higher than last year (23.3%).


Past Earnings Growth Analysis

Earnings Trend: THBK's earnings have declined by 8.6% per year over the past 5 years.

Accelerating Growth: THBK's earnings growth over the past year (99%) exceeds its 5-year average (-8.6% per year).

Earnings vs Industry: THBK earnings growth over the past year (99%) exceeded the Banks industry 35.3%.


Return on Equity

High ROE: THBK's Return on Equity (10.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Housing Bank for Trade and Finance's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: THBK's Assets to Equity ratio (7x) is low.

Allowance for Bad Loans: THBK has a sufficient allowance for bad loans (194%).

Low Risk Liabilities: 85% of THBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: THBK has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: THBK's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: THBK has a high level of bad loans (4.9%).


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Dividend

What is Housing Bank for Trade and Finance current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.41%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: THBK's dividend (5.41%) is higher than the bottom 25% of dividend payers in the JO market (4.14%).

High Dividend: THBK's dividend (5.41%) is low compared to the top 25% of dividend payers in the JO market (6.55%).


Stability and Growth of Payments

Stable Dividend: THBK's dividend payments have been volatile in the past 10 years.

Growing Dividend: THBK's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.6%), THBK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Ammar Al-Safadi (55 yo)

3.75yrs

Tenure

د.أ758,534

Compensation

Mr. Ammar Bashir Al-Safadi is the Chairman of The International Bank for Trade & Finance (formerly known as The International Bank for Trade and Finance). He has been the General Manager and Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: Ammar's total compensation ($USD1.07M) is above average for companies of similar size in the JO market ($USD241.32K).

Compensation vs Earnings: Ammar's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: THBK's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: THBK's board of directors are considered experienced (6.4 years average tenure).


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

Top 5 shareholders own 94.47% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
38.57%
Qatar National Bank (Q.P.S.C.)
121,498,650JOD449.5m0%no data
18.61%
Kuwait Investment Authority
58,618,350JOD216.9m0%1.15%
17.24%
Libyan Arab Foreign Bank, Asset Management Arm
54,312,300JOD201.0m0%73.16%
15.42%
Social Security Corporation
48,576,150JOD179.7m0%no data
4.63%
Iran Foreign Investment Company
14,578,200JOD53.9m0%90.77%

Company Information

The Housing Bank for Trade and Finance's employee growth, exchange listings and data sources


Key Information

  • Name: The Housing Bank for Trade and Finance
  • Ticker: THBK
  • Exchange: ASE
  • Founded: 1973
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: د.أ1.166b
  • Shares outstanding: 315.00m
  • Website: https://www.hbtf.com

Number of Employees


Location

  • The Housing Bank for Trade and Finance
  • Al-Shumaysani
  • Prince Shaker bin Zaid Street
  • Amman
  • 11118
  • Jordan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THBKASE (Amman Stock Exchange)YesOrdinary SharesJOJODDec 1994

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/25 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.