company background image
WARB

Warba Bank K.S.C.PKWSE:WARBABANK Stock Report

Last Price

د.ك0.28

Market Cap

د.ك566.0m

7D

-2.1%

1Y

15.0%

Updated

23 Jan, 2022

Data

Company Financials +
WARBABANK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance3/6
Financial Health5/6
Dividends0/6

WARBABANK Stock Overview

Warba Bank K.S.C.P., together with its subsidiaries, provides various banking products and services in Kuwait.

Price History & Performance

Summary of all time highs, changes and price drops for Warba Bank K.S.C.P
Historical stock prices
Current Share Priceد.ك0.28
52 Week Highد.ك0.32
52 Week Lowد.ك0.23
Beta0.46
1 Month Change5.99%
3 Month Change-0.70%
1 Year Change15.04%
3 Year Change34.46%
5 Year Change22.79%
Change since IPO-20.76%

Recent News & Updates

Shareholder Returns

WARBABANKKW BanksKW Market
7D-2.1%-0.3%-0.3%
1Y15.0%31.4%28.1%

Return vs Industry: WARBABANK underperformed the KW Banks industry which returned 32.7% over the past year.

Return vs Market: WARBABANK underperformed the KW Market which returned 29% over the past year.

Price Volatility

Is WARBABANK's price volatile compared to industry and market?
WARBABANK volatility
WARBABANK Average Weekly Movement3.8%
Banks Industry Average Movement2.2%
Market Average Movement4.6%
10% most volatile stocks in KW Market10.5%
10% least volatile stocks in KW Market2.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
2010n/aAnwar Al Ghaithhttps://www.warbabank.com

Warba Bank K.S.C.P., together with its subsidiaries, provides various banking products and services in Kuwait. The company operates through Corporate, Retail, Treasury, Investment, and Other segments. It offers current, salary, savings, and family, as well as call accounts; credit cards; fixed deposit; and personal financing products, including auto, consumer, medical, housing, transfer of debt, Al Wafi, and health educational programs finance services.

Warba Bank K.S.C.P Fundamentals Summary

How do Warba Bank K.S.C.P's earnings and revenue compare to its market cap?
WARBABANK fundamental statistics
Market Capد.ك566.00m
Earnings (TTM)د.ك21.35m
Revenue (TTM)د.ك53.57m

26.5x

P/E Ratio

2.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WARBABANK income statement (TTM)
Revenueد.ك53.57m
Cost of Revenueد.ك0
Gross Profitد.ك53.57m
Expensesد.ك32.21m
Earningsد.ك21.35m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.011
Gross Margin100.00%
Net Profit Margin39.87%
Debt/Equity Ratio108.2%

How did WARBABANK perform over the long term?

See historical performance and comparison

Valuation

Is Warba Bank K.S.C.P undervalued compared to its fair value and its price relative to the market?

26.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WARBABANK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WARBABANK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WARBABANK's PE Ratio (26.5x) is in line with the KW Banks industry average.

PE vs Market: WARBABANK is poor value based on its PE Ratio (26.5x) compared to the KW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: WARBABANK is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: WARBABANK is overvalued based on its PB Ratio (2x) compared to the KW Banks industry average (1.3x).


Future Growth

How is Warba Bank K.S.C.P forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

22.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WARBABANK's forecast earnings growth (22.9% per year) is above the savings rate (9.1%).

Earnings vs Market: WARBABANK's earnings (22.9% per year) are forecast to grow faster than the KW market (15.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WARBABANK's revenue (11.3% per year) is forecast to grow faster than the KW market (8.5% per year).

High Growth Revenue: WARBABANK's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WARBABANK's Return on Equity is forecast to be low in 3 years time (9.1%).


Past Performance

How has Warba Bank K.S.C.P performed over the past 5 years?

14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WARBABANK has high quality earnings.

Growing Profit Margin: WARBABANK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WARBABANK's earnings have grown by 14.6% per year over the past 5 years.

Accelerating Growth: WARBABANK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WARBABANK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (7.4%).


Return on Equity

High ROE: WARBABANK's Return on Equity (9.4%) is considered low.


Financial Health

How is Warba Bank K.S.C.P'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: WARBABANK's Assets to Equity ratio (12.9x) is moderate.

Allowance for Bad Loans: WARBABANK has a sufficient allowance for bad loans (100%).

Low Risk Liabilities: 89% of WARBABANK's liabilities are made up of primarily low risk sources of funding.

Loan Level: WARBABANK has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: WARBABANK's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: WARBABANK has a high level of bad loans (2.1%).


Dividend

What is Warba Bank K.S.C.P current dividend yield, its reliability and sustainability?

3.53%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WARBABANK's dividend in 3 years as they are not forecast to pay a notable one for the KW market.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Anwar Al Ghaith

no data

Tenure

Mr. Anwar Bader Al Ghaith serves as Acting Chief Executive Officer at Warba Bank K.S.C.P. He serves as Deputy Chief Executive Officer of Support Services & Treasury at Warba Bank K.S.C.P. since February 20...


Leadership Team

Experienced Management: WARBABANK's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: WARBABANK's board of directors are considered experienced (3.6 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 been diluted in the past year, with total shares outstanding growing by 27%.


Top Shareholders

Company Information

Warba Bank K.S.C.P.'s employee growth, exchange listings and data sources


Key Information

  • Name: Warba Bank K.S.C.P.
  • Ticker: WARBABANK
  • Exchange: KWSE
  • Founded: 2010
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: د.ك566.000m
  • Shares outstanding: 2.00b
  • Website: https://www.warbabank.com

Location

  • Warba Bank K.S.C.P.
  • Al-Raya Tower
  • Mezzanine Floor 1
  • Kuwait City
  • 13013
  • Kuwait

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 15:56
End of Day Share Price2022/01/23 00:00
Earnings2021/09/30
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.