Qatar Islamic Bank (Q.P.S.C.) Valuation
Is QIBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of QIBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: QIBK (QAR17.84) is trading above our estimate of fair value (QAR1.15)
Significantly Below Fair Value: QIBK is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for QIBK?
Other financial metrics that can be useful for relative valuation.
| What is QIBK's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ر.ق42.15b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 3.4x |
Price to Earnings Ratio vs Peers
How does QIBK's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.3x | ||
MARK Masraf Al Rayan (Q.P.S.C.) | 16.1x | 13.6% | ر.ق23.0b |
CBQK Commercial Bank (P.S.Q.C.) | 5.8x | 4.2% | ر.ق17.0b |
QNBK Qatar National Bank (Q.P.S.C.) | 8.7x | 6.9% | ر.ق127.9b |
QIIK Qatar International Islamic Bank (Q.P.S.C) | 14.5x | 10.8% | ر.ق15.4b |
QIBK Qatar Islamic Bank (Q.P.S.C.) | 10.2x | 3.0% | ر.ق42.2b |
Price-To-Earnings vs Peers: QIBK is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (11.3x).
Price to Earnings Ratio vs Industry
How does QIBK's PE Ratio compare vs other companies in the Asian Banks Industry?
Price-To-Earnings vs Industry: QIBK is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the Asian Banks industry average (9.2x).
Price to Earnings Ratio vs Fair Ratio
What is QIBK'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.2x |
| Fair PE Ratio | 10.2x |
Price-To-Earnings vs Fair Ratio: QIBK is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ر.ق17.84 | ر.ق21.54 +20.7% | 6.3% | ر.ق22.60 | ر.ق19.30 | n/a | 6 |
| Apr ’25 | ر.ق18.62 | ر.ق21.54 +15.7% | 6.3% | ر.ق22.60 | ر.ق19.30 | n/a | 6 |
| Mar ’25 | ر.ق20.15 | ر.ق21.71 +7.7% | 7.0% | ر.ق23.60 | ر.ق19.30 | n/a | 6 |
| Feb ’25 | ر.ق19.30 | ر.ق22.04 +14.2% | 6.0% | ر.ق23.60 | ر.ق19.30 | n/a | 6 |
| Jan ’25 | ر.ق21.50 | ر.ق22.46 +4.5% | 5.5% | ر.ق24.18 | ر.ق20.30 | n/a | 6 |
| Dec ’24 | ر.ق19.00 | ر.ق22.58 +18.8% | 4.6% | ر.ق24.18 | ر.ق21.00 | n/a | 6 |
| Nov ’24 | ر.ق17.56 | ر.ق22.80 +29.8% | 4.6% | ر.ق24.18 | ر.ق21.00 | n/a | 6 |
| Oct ’24 | ر.ق18.53 | ر.ق22.66 +22.3% | 5.1% | ر.ق24.18 | ر.ق21.00 | n/a | 6 |
| Sep ’24 | ر.ق19.32 | ر.ق22.66 +17.3% | 5.1% | ر.ق24.18 | ر.ق21.00 | n/a | 6 |
| Aug ’24 | ر.ق21.36 | ر.ق21.92 +2.6% | 8.0% | ر.ق24.18 | ر.ق19.40 | n/a | 5 |
| Jul ’24 | ر.ق17.71 | ر.ق21.72 +22.7% | 8.4% | ر.ق24.18 | ر.ق19.40 | n/a | 5 |
| Jun ’24 | ر.ق17.71 | ر.ق21.72 +22.6% | 8.4% | ر.ق24.18 | ر.ق19.40 | n/a | 5 |
| May ’24 | ر.ق17.75 | ر.ق21.92 +23.5% | 7.9% | ر.ق24.18 | ر.ق19.40 | n/a | 5 |
| Apr ’24 | ر.ق17.78 | ر.ق23.00 +29.3% | 10.4% | ر.ق26.40 | ر.ق19.40 | ر.ق18.62 | 5 |
| Mar ’24 | ر.ق18.55 | ر.ق23.00 +24.0% | 10.4% | ر.ق26.40 | ر.ق19.40 | ر.ق20.15 | 5 |
| Feb ’24 | ر.ق19.46 | ر.ق23.16 +19.0% | 9.5% | ر.ق26.40 | ر.ق19.40 | ر.ق19.30 | 6 |
| Jan ’24 | ر.ق18.56 | ر.ق23.81 +28.3% | 10.1% | ر.ق26.40 | ر.ق19.40 | ر.ق21.50 | 6 |
| Dec ’23 | ر.ق24.20 | ر.ق24.50 +1.2% | 8.9% | ر.ق27.90 | ر.ق21.00 | ر.ق19.00 | 6 |
| Nov ’23 | ر.ق24.21 | ر.ق24.66 +1.9% | 7.9% | ر.ق27.90 | ر.ق22.00 | ر.ق17.56 | 6 |
| Oct ’23 | ر.ق24.70 | ر.ق24.91 +0.9% | 9.6% | ر.ق29.40 | ر.ق22.00 | ر.ق18.53 | 6 |
| Sep ’23 | ر.ق24.90 | ر.ق23.81 -4.4% | 11.5% | ر.ق29.40 | ر.ق20.90 | ر.ق19.32 | 6 |
| Aug ’23 | ر.ق26.50 | ر.ق23.33 -12.0% | 13.9% | ر.ق29.40 | ر.ق19.10 | ر.ق21.36 | 6 |
| Jul ’23 | ر.ق22.25 | ر.ق23.33 +4.9% | 13.9% | ر.ق29.40 | ر.ق19.10 | ر.ق17.71 | 6 |
| Jun ’23 | ر.ق22.51 | ر.ق24.18 +7.4% | 10.8% | ر.ق29.40 | ر.ق20.90 | ر.ق17.71 | 6 |
| May ’23 | ر.ق24.49 | ر.ق24.18 -1.3% | 10.8% | ر.ق29.40 | ر.ق20.90 | ر.ق17.75 | 6 |
| Apr ’23 | ر.ق23.84 | ر.ق22.94 -3.8% | 7.0% | ر.ق24.20 | ر.ق20.00 | ر.ق17.78 | 5 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.