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DHBK

Doha Bank Q.P.S.C DSM:DHBK Stock Report

Last Price

ر.ق2.61

Market Cap

ر.ق8.1b

7D

-2.1%

1Y

-3.6%

Updated

25 Jun, 2022

Data

Company Financials +
DHBK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends2/6

DHBK Stock Overview

Doha Bank Q.P.S.C. provides various banking products and services to individual, commercial, corporate, and institutional clients.

Rewards

Price-To-Earnings ratio (11.2x) is below the QA market (15.9x)

Earnings are forecast to grow 12.7% per year

Earnings grew by 30.4% over the past year

Risk Analysis

No risks detected for DHBK from our risk checks.

Doha Bank Q.P.S.C Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Doha Bank Q.P.S.C
Historical stock prices
Current Share Priceر.ق2.61
52 Week Highر.ق3.22
52 Week Lowر.ق2.50
Beta0.60
1 Month Change-3.11%
3 Month Change-0.87%
1 Year Change-3.61%
3 Year Change-2.46%
5 Year Change-14.30%
Change since IPO38.61%

Recent News & Updates

Shareholder Returns

DHBKQA BanksQA Market
7D-2.1%-2.2%-6.5%
1Y-3.6%10.0%5.1%

Return vs Industry: DHBK underperformed the QA Banks industry which returned 10% over the past year.

Return vs Market: DHBK underperformed the QA Market which returned 5.1% over the past year.

Price Volatility

Is DHBK's price volatile compared to industry and market?
DHBK volatility
DHBK Average Weekly Movement2.7%
Banks Industry Average Movement4.6%
Market Average Movement4.0%
10% most volatile stocks in QA Market6.0%
10% least volatile stocks in QA Market2.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
1979n/aGudni Adalsteinssonhttps://qa.dohabank.com

Doha Bank Q.P.S.C. provides various banking products and services to individual, commercial, corporate, and institutional clients. It operates in two segments, Conventional Banking and Insurance Activities. The Conventional Banking segment offers a range of products and services to business and corporate customers, including funded and non-funded credit facilitates deposits to corporate customers.

Doha Bank Q.P.S.C Fundamentals Summary

How do Doha Bank Q.P.S.C's earnings and revenue compare to its market cap?
DHBK fundamental statistics
Market Capر.ق8.10b
Earnings (TTM)ر.ق725.03m
Revenue (TTM)ر.ق1.66b

11.2x

P/E Ratio

0.6x

P/B Ratio

Is DHBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DHBK income statement (TTM)
Revenueر.ق1.66b
Cost of Revenueر.ق0
Gross Profitر.ق1.66b
Other Expensesر.ق931.03m
Earningsر.ق725.03m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin100.00%
Net Profit Margin43.78%
Debt/Equity Ratio220.9%

How did DHBK perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

32%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

DHBK 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 Ratio0.9x

Price to Earnings Ratio vs Peers

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

DHBK PE Ratio vs Peers
The above table shows the PE ratio for DHBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.7x

Price-To-Earnings vs Peers: DHBK is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (16.7x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: DHBK is good value based on its Price-To-Earnings Ratio (11.2x) compared to the QA Banks industry average (14.4x)

Price to Earnings Ratio vs Fair Ratio

What is DHBK'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.

DHBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ration/a

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

Share Price vs Fair Value

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

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

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

Price to Earnings Growth Ratio

PEG Ratio: DHBK is good value based on its PEG Ratio (0.9x)

Discover undervalued companies

Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

12.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DHBK's forecast earnings growth (12.7% per year) is above the savings rate (9%).

Earnings vs Market: DHBK's earnings (12.7% per year) are forecast to grow faster than the QA market (7.3% per year).

High Growth Earnings: DHBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: DHBK's revenue (13.6% per year) is forecast to grow faster than the QA market (3.9% per year).

High Growth Revenue: DHBK's revenue (13.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if DHBK's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Past Performance

How has Doha Bank Q.P.S.C 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

-7.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DHBK has high quality earnings.

Growing Profit Margin: DHBK's current net profit margins (43.8%) are higher than last year (34.4%).

Past Earnings Growth Analysis

Earnings Trend: DHBK's earnings have declined by 7.8% per year over the past 5 years.

Accelerating Growth: DHBK's earnings growth over the past year (30.4%) exceeds its 5-year average (-7.8% per year).

Earnings vs Industry: DHBK earnings growth over the past year (30.4%) exceeded the Banks industry 17.5%.

Return on Equity

High ROE: DHBK's Return on Equity (5.2%) is considered low.

Discover strong past performing companies

Financial Health

How is Doha Bank Q.P.S.C'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: DHBK's Assets to Equity ratio (7.3x) is low.

Allowance for Bad Loans: DHBK has a low allowance for bad loans (64%).

Low Risk Liabilities: 62% of DHBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: DHBK has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: DHBK's Loans to Deposits ratio (110%) is appropriate.

Level of Bad Loans: DHBK has a high level of bad loans (6%).

Discover healthy companies

Dividend

What is Doha Bank Q.P.S.C 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

2.87%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DHBK's dividend (2.87%) isn’t notable compared to the bottom 25% of dividend payers in the QA market (3.22%).

High Dividend: DHBK's dividend (2.87%) is low compared to the top 25% of dividend payers in the QA market (4.75%).

Stability and Growth of Payments

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

Growing Dividend: DHBK's dividend payments have fallen over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.1%), DHBK's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: DHBK's dividends in 3 years are forecast to be well covered by earnings (44.8% payout ratio).

Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure

CEO

Gudni Adalsteinsson (54 yo)

0.17

Tenure

Mr. Gudni Stiholt Adalsteinsson was Chief Treasury and Investment Officer at Doha Bank Q.P.S.C. since November 2019 and serves its Acting Chief Executive Officer since April 2022. He is responsible for lea...

Leadership Team

Experienced Management: DHBK's management team is considered experienced (2.9 years average tenure).

Board Members

Experienced Board: DHBK's board of directors are considered experienced (9.8 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

Company Information

Doha Bank Q.P.S.C.'s employee growth, exchange listings and data sources

Key Information

  • Name: Doha Bank Q.P.S.C.
  • Ticker: DHBK
  • Exchange: DSM
  • Founded: 1979
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ر.ق8.105b
  • Shares outstanding: 3.10b
  • Website: https://qa.dohabank.com

Location

  • Doha Bank Q.P.S.C.
  • Doha Bank Tower
  • Corniche Street
  • Doha
  • Qatar

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
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.