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BOP

Bank of Palestine PLSE:BOP Stock Report

Last Price

US$2.11

Market Cap

US$472.6m

7D

-0.5%

1Y

10.3%

Updated

25 Sep, 2022

Data

Company Financials
BOP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

BOP Stock Overview

Bank of Palestine Plc provides banking and financial services to retail, corporate, micro and SME, and diaspora banking customers in the Palestinian Authority, Israel, Jordan, Europe, the United States, and internationally.

Bank of Palestine Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Palestine
Historical stock prices
Current Share PriceUS$2.11
52 Week HighUS$2.22
52 Week LowUS$1.81
Beta-0.055
1 Month Change-0.47%
3 Month Change-1.86%
1 Year Change10.32%
3 Year Change9.75%
5 Year Change-8.65%
Change since IPO86.11%

Recent News & Updates

Shareholder Returns

BOPPS BanksPS Market
7D-0.5%-0.2%-0.7%
1Y10.3%9.4%9.0%

Return vs Industry: BOP exceeded the PS Banks industry which returned 9% over the past year.

Return vs Market: BOP exceeded the PS Market which returned 8.7% over the past year.

Price Volatility

Is BOP's price volatile compared to industry and market?
BOP volatility
BOP Average Weekly Movement1.1%
Banks Industry Average Movement2.8%
Market Average Movement2.8%
10% most volatile stocks in PS Market5.8%
10% least volatile stocks in PS Market1.3%

Stable Share Price: BOP is less volatile than 75% of PS stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: BOP's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19602,430n/ahttps://www.bankofpalestine.com

Bank of Palestine Plc provides banking and financial services to retail, corporate, micro and SME, and diaspora banking customers in the Palestinian Authority, Israel, Jordan, Europe, the United States, and internationally. It operates through three segments: Retail Banking; Corporate, Institutions, and Public Sector Banking; and Treasury. The company offers individual customers’ deposits, consumer loans, overdrafts, credit cards, facilities, and other services; current accounts for corporate, institutional customers, and public sector; and trading and treasury services, managing bank’s funds, and investments.

Bank of Palestine Fundamentals Summary

How do Bank of Palestine's earnings and revenue compare to its market cap?
BOP fundamental statistics
Market CapUS$472.55m
Earnings (TTM)US$54.27m
Revenue (TTM)US$253.74m

8.7x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOP income statement (TTM)
RevenueUS$253.74m
Cost of RevenueUS$6.31m
Gross ProfitUS$247.43m
Other ExpensesUS$193.16m
EarningsUS$54.27m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin97.51%
Net Profit Margin21.39%
Debt/Equity Ratio29.3%

How did BOP perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

48%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 BOP?

Other financial metrics that can be useful for relative valuation.

BOP 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 BOP's PE Ratio compare to its peers?

BOP PE Ratio vs Peers
The above table shows the PE ratio for BOP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.3x
ISBK Palestine Islamic Bank
12.5xn/aUS$180.0m
TNB National Bank
15.5xn/aUS$178.6m
PIBC Palestine Investment Bank
18.9xn/aUS$89.7m
QUDS Quds Bank
9.9xn/aUS$168.0m
BOP Bank of Palestine
8.7xn/aUS$472.6m

Price-To-Earnings vs Peers: BOP is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (14.3x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BOP is good value based on its Price-To-Earnings Ratio (8.7x) compared to the Asian Banks industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is BOP'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.

BOP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: BOP ($2.11) is trading above our estimate of fair value ($0.17)

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


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 Bank of Palestine 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 Bank of Palestine 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 Bank of Palestine performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BOP has high quality earnings.

Growing Profit Margin: BOP's current net profit margins (21.4%) are higher than last year (18.4%).


Past Earnings Growth Analysis

Earnings Trend: BOP's earnings have declined by 5.8% per year over the past 5 years.

Accelerating Growth: BOP's earnings growth over the past year (43.8%) exceeds its 5-year average (-5.8% per year).

Earnings vs Industry: BOP earnings growth over the past year (43.8%) exceeded the Banks industry 36.1%.


Return on Equity

High ROE: BOP's Return on Equity (12.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Bank of Palestine's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • 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: BOP's Assets to Equity ratio (12.3x) is moderate.

Allowance for Bad Loans: BOP has a low allowance for bad loans (85%).

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

Loan Level: BOP has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: BOP's Loans to Deposits ratio (67%) is appropriate.

Level of Bad Loans: BOP has a high level of bad loans (5.4%).


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Dividend

What is Bank of Palestine 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


4.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BOP's dividend (4.14%) is higher than the bottom 25% of dividend payers in the PS market (2.78%).

High Dividend: BOP's dividend (4.14%) is low compared to the top 25% of dividend payers in the PS market (5.21%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BOP has been paying a dividend for less than 10 years.

Growing Dividend: BOP has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.7%), BOP's dividend payments are well 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?

4.7yrs

Average management tenure


CEO

Bank of Palestine has no CEO, or we have no data on them.


Leadership Team

Experienced Management: BOP's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: BOP's board of directors are considered experienced (3.7 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

What is the ownership structure of BOP?
Owner TypeNumber of SharesOwnership Percentage
Institutions7,490,9773.3%
Private Companies16,005,2207.1%
Individual Insiders28,632,34012.8%
General Public171,830,04076.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.


Top Shareholders

Top 25 shareholders own 23.26% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.81%
Hashim Al Shawa
17,495,771$36.9m0%no data
7.15%
Al Muhalab Kuwaiti Real Estate Co.
16,005,220$33.8m0%no data
3.34%
PROPARCO SA
7,490,977$15.8m0%41.8%
2.97%
Nabel Qaddumi
6,650,155$14.0m0%no data
0.72%
Linda Shawa
1,612,071$3.4m0%no data
0.29%
Maher Farah
649,795$1.4m0%no data
0.26%
Genevieve Boimond
576,648$1.2m0%no data
0.26%
Emad Shehadeh
572,865$1.2m0%no data
0.12%
Tafida Al Hirbawi
262,168$553.2k0%no data
0.1%
Hani Hassan Nigim
234,866$495.6k0%no data
0.057%
Maha Awad
127,416$268.8k0%no data
0.047%
Omar Baheig
104,478$220.4k0%no data
0.027%
Lana Abu Hijleh
61,005$128.7k0%no data
0.023%
Wael Abd Al Sorani
51,226$108.1k0%no data
0.013%
Abdullah Qais Al-Ghanim
28,628$60.4k0%no data
0.012%
Tarek Al-Aggad
27,378$57.8k0%no data
0.0098%
Rushdi Mahmoud Al Ghalayini
21,960$46.3k0%no data
0.0092%
Najeeb Jaser Yaser
20,600$43.5k0%no data
0.0091%
Kamel Aref Husseini
20,385$43.0k0%no data
0.0089%
Naser Bakier
20,000$42.2k0%no data
0.0082%
Musa Shamieh
18,381$38.8k0%no data
0.0077%
Nada Shousha
17,317$36.5k0%no data
0.0052%
Mahmoud Al-Shawa
11,537$24.3k0%no data
0.0049%
Hana Sahar
10,985$23.2k0%no data
0.0048%
Hassan Al-Afifi
10,823$22.8k0%no data

Company Information

Bank of Palestine Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Palestine Plc
  • Ticker: BOP
  • Exchange: PLSE
  • Founded: 1960
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: US$472.553m
  • Shares outstanding: 223.96m
  • Website: https://www.bankofpalestine.com

Number of Employees


Location

  • Bank of Palestine Plc
  • Ein Mesbah
  • PO Box 471
  • Ramallah
  • Palestinian Authority


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOPPLSE (Palestine Securities Exchange)YesShare CapitalPSUSDDec 2008

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.