Qatar Islamic Bank (Q.P.S.C.) (DSM:QIBK) - Share price, News & Analysis

QIBK fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	5/6
Financial Health	4/6
Dividends	3/6

QIBK Stock Overview

Qatar Islamic Bank (Q.P.S.C.), together with its subsidiaries, offers banking products and services in Qatar and internationally.

Rewards

Price-To-Earnings ratio (16.8x) is below the QA market (17.1x)

Earnings are forecast to grow 11.93% per year

Earnings grew by 18.5% over the past year

Risk Analysis

No risks detected for QIBK from our risk checks.

Qatar Islamic Bank (Q.P.S.C.) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Qatar Islamic Bank (Q.P.S.C.)
Historical stock prices
Current Share Price	ر.ق24.65
52 Week High	ر.ق28.00
52 Week Low	ر.ق16.79
Beta	0.17
1 Month Change	1.03%
3 Month Change	19.08%
1 Year Change	43.98%
3 Year Change	51.41%
5 Year Change	141.19%
Change since IPO	1,844.05%

Recent News & Updates

May 09

Do Qatar Islamic Bank (Q.P.S.C.)'s (DSM:QIBK) Earnings Warrant Your Attention?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

	QIBK	QA Banks	QA Market
7D	-0.8%	-2.4%	-1.2%
1Y	44.0%	20.7%	16.2%

Return vs Industry: QIBK exceeded the QA Banks industry which returned 20.7% over the past year.

Return vs Market: QIBK exceeded the QA Market which returned 16.2% over the past year.

Price Volatility

Is QIBK's price volatile compared to industry and market?
QIBK volatility
QIBK Average Weekly Movement	4.0%
Banks Industry Average Movement	4.7%
Market Average Movement	4.1%
10% most volatile stocks in QA Market	6.3%
10% least volatile stocks in QA Market	2.6%

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

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

About the Company

Founded	Employees	CEO	Website
1982	n/a	Bassel Gamaleldin Aly	https://www.qib.com.qa

Qatar Islamic Bank (Q.P.S.C.), together with its subsidiaries, offers banking products and services in Qatar and internationally. The company operates through four segments: Corporate Banking, Personal Banking, Group Function, and Local & International Subsidiaries. It offers current, savings/call, multicurrency, and time deposit accounts; certificates of deposit; and credit and debit cards.

Qatar Islamic Bank (Q.P.S.C.) Fundamentals Summary

How do Qatar Islamic Bank (Q.P.S.C.)'s earnings and revenue compare to its market cap?
QIBK fundamental statistics
Market Cap	ر.ق58.25b
Earnings (TTM)	ر.ق3.46b
Revenue (TTM)	ر.ق6.86b

16.8x

P/E Ratio

2.4x

P/B Ratio

Is QIBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
QIBK income statement (TTM)
Revenue	ر.ق6.86b
Cost of Revenue	ر.ق10.13m
Gross Profit	ر.ق6.85b
Other Expenses	ر.ق3.38b
Earnings	ر.ق3.46b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.47
Gross Margin	99.85%
Net Profit Margin	50.53%
Debt/Equity Ratio	164.8%

How did QIBK perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

39%

Payout Ratio

Valuation

Is Qatar Islamic Bank (Q.P.S.C.) undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

16.81x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: QIBK (QAR24.65) is trading above our estimate of fair value (QAR9.67)

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

Price To Earnings Ratio

PE vs Industry: QIBK is poor value based on its Price-To-Earnings Ratio (16.8x) compared to the QA Banks industry average (14.9x).

PE vs Market: QIBK is good value based on its Price-To-Earnings Ratio (16.8x) compared to the QA market (17.1x).

Price to Earnings Growth Ratio

PEG Ratio: QIBK is poor value based on its PEG Ratio (1.4x)

Price to Book Ratio

PB vs Industry: QIBK is overvalued based on its Price-To-Book Ratio (2.4x) compared to the QA Banks industry average (1.8x).

Future Growth

How is Qatar Islamic Bank (Q.P.S.C.) forecast to perform in the next 1 to 3 years based on estimates from 4 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

11.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: QIBK's forecast earnings growth (11.9% per year) is above the savings rate (9%).

Earnings vs Market: QIBK's earnings (11.9% per year) are forecast to grow faster than the QA market (6.5% per year).

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

Revenue vs Market: QIBK's revenue (7.7% per year) is forecast to grow faster than the QA market (3% per year).

High Growth Revenue: QIBK's revenue (7.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: QIBK's Return on Equity is forecast to be low in 3 years time (18.9%).

Past Performance

How has Qatar Islamic Bank (Q.P.S.C.) performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

9.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QIBK has high quality earnings.

Growing Profit Margin: QIBK's current net profit margins (50.5%) are higher than last year (44.9%).

Past Earnings Growth Analysis

Earnings Trend: QIBK's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: QIBK's earnings growth over the past year (18.5%) exceeds its 5-year average (9.2% per year).

Earnings vs Industry: QIBK earnings growth over the past year (18.5%) exceeded the Banks industry 17.5%.

Return on Equity

High ROE: QIBK's Return on Equity (14.6%) is considered low.

Financial Health

How is Qatar Islamic 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: QIBK's Assets to Equity ratio (7.7x) is low.

Allowance for Bad Loans: QIBK has a sufficient allowance for bad loans (265%).

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

Loan Level: QIBK has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: QIBK's Loans to Deposits ratio (701%) is high.

Level of Bad Loans: QIBK has an appropriate level of bad loans (1.4%).

Dividend

What is Qatar Islamic Bank (Q.P.S.C.) current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.33%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QIBK's dividend (2.33%) isn’t notable compared to the bottom 25% of dividend payers in the QA market (2.83%).

High Dividend: QIBK's dividend (2.33%) is low compared to the top 25% of dividend payers in the QA market (4.36%).

Stability and Growth of Payments

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

Growing Dividend: QIBK's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.2%), QIBK's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: QIBK's dividends in 3 years are forecast to be covered by earnings (52.6% payout ratio).

Discover strong dividend paying companies

Management

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

10.3yrs

Average management tenure

CEO

Bassel Gamaleldin Aly (55 yo)

9.25yrs

Tenure

Mr. Bassel Gamaleldin Mohamed Aly has been Group Chief Executive Officer of Qatar Islamic Bank (S.A.Q.) since February 2013 and served as its Chairman of Management Board since April 23, 2016 until May 28,...

Leadership Team

Experienced Management: QIBK's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Experienced Board: QIBK's board of directors are seasoned and experienced ( 17.9 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31