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QNBK

Qatar National Bank (Q.P.S.C.)DSM:QNBK Stock Report

Market Cap

ر.ق186.6b

7D

1.8%

1Y

13.5%

Updated

21 Oct, 2021

Data

Company Financials +
QNBK fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends4/6

QNBK Overview

Qatar National Bank (Q.P.S.C.), together with its subsidiaries, provides commercial and Islamic banking products and services.

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

Masraf Al Rayan (Q.P.S.C.)

DSM:MARK

ر.ق36.2b

Commercial Bank (P.S.Q.C.)

DSM:CBQK

ر.ق24.9b

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

DSM:QIIK

ر.ق14.7b

Ahli Bank Q.P.S.C

DSM:ABQK

ر.ق9.5b

Price History & Performance

Summary of all time highs, changes and price drops for Qatar National Bank (Q.P.S.C.)
Historical stock prices
Current Share Priceر.ق20.20
52 Week Highر.ق16.35
52 Week Lowر.ق20.29
Beta0.34
1 Month Change6.60%
3 Month Change13.48%
1 Year Change13.48%
3 Year Change7.44%
5 Year Change37.16%
Change since IPO2,361.36%

Recent News & Updates

Mar 04
What Type Of Shareholders Own The Most Number of Qatar National Bank (Q.P.S.C.) (DSM:QNBK) Shares?

What Type Of Shareholders Own The Most Number of Qatar National Bank (Q.P.S.C.) (DSM:QNBK) Shares?

If you want to know who really controls Qatar National Bank (Q.P.S.C.) ( DSM:QNBK ), then you'll have to look at the...

Shareholder Returns

QNBKQA BanksQA Market
7D1.8%2.5%1.8%
1Y13.5%16.4%15.0%

Return vs Industry: QNBK underperformed the QA Banks industry which returned 16.4% over the past year.

Return vs Market: QNBK underperformed the QA Market which returned 15% over the past year.

Price Volatility

Is QNBK's price volatile compared to industry and market?
QNBK volatility
QNBK Beta0.34
Industry Beta0.35
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1964n/aAbdulla Mubarak Al-Khalifahttps://www.qnb.com

Qatar National Bank (Q.P.S.C.), together with its subsidiaries, provides commercial and Islamic banking products and services. The company operates through four segments: Corporate Banking, Consumer Banking, Asset and Wealth Management, and International Banking. It offers personal banking products and services, such as current, savings, fixed deposit, and call-notice deposit accounts; credit, debit, and pre-paid cards; personal, top-up, vehicle, vehicle lease, and mortgage loans; insurance products, including life, salary continuation, critical illness, motor, mortgage, and travel insurance; asset management services; and mobile, Internet, ATM, SMS, and USSD banking services.

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

How do Qatar National Bank (Q.P.S.C.)'s earnings and revenue compare to its market cap?
QNBK fundamental statistics
Market Capر.ق186.58b
Earnings (TTM)ر.ق11.78b
Revenue (TTM)ر.ق20.15b

15.8x

P/E Ratio

1.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QNBK income statement (TTM)
Revenueر.ق20.15b
Cost of Revenueر.ق0
Gross Profitر.ق20.15b
Expensesر.ق8.38b
Earningsر.ق11.78b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.27
Gross Margin100.00%
Net Profit Margin58.43%
Debt/Equity Ratio168.4%

How did QNBK perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

35%

Payout Ratio

Valuation

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

15.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: QNBK (QAR20.2) is trading above our estimate of fair value (QAR12.85)

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


Price To Earnings Ratio

PE vs Industry: QNBK's PE Ratio (15.8x) is in line with the QA Banks industry average.

PE vs Market: QNBK is good value based on its PE Ratio (15.8x) compared to the QA market (20x).


Price to Earnings Growth Ratio

PEG Ratio: QNBK is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: QNBK's PB Ratio (1.9x) is in line with the QA Banks industry average.


Future Growth

How is Qatar National Bank (Q.P.S.C.) forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QNBK's forecast earnings growth (9.5% per year) is above the savings rate (9.1%).

Earnings vs Market: QNBK's earnings (9.5% per year) are forecast to grow slower than the QA market (9.8% per year).

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

Revenue vs Market: QNBK's revenue (8% per year) is forecast to grow faster than the QA market (4% per year).

High Growth Revenue: QNBK's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QNBK's Return on Equity is forecast to be low in 3 years time (17%).


Past Performance

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

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QNBK has a high level of non-cash earnings.

Growing Profit Margin: QNBK's current net profit margins (58.4%) are higher than last year (57.5%).


Past Earnings Growth Analysis

Earnings Trend: QNBK's earnings have declined by 1.7% per year over the past 5 years.

Accelerating Growth: QNBK's earnings growth over the past year (1.3%) exceeds its 5-year average (-1.7% per year).

Earnings vs Industry: QNBK earnings growth over the past year (1.3%) underperformed the Banks industry 4.4%.


Return on Equity

High ROE: QNBK's Return on Equity (12.7%) is considered low.


Financial Health

How is Qatar National Bank (Q.P.S.C.)'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: QNBK's Assets to Equity ratio (10.7x) is moderate.

Allowance for Bad Loans: QNBK has a sufficient allowance for bad loans (138%).

Low Risk Liabilities: 80% of QNBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: QNBK has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: QNBK's Loans to Deposits ratio (97%) is appropriate.

Level of Bad Loans: QNBK has a high level of bad loans (2.3%).


Dividend

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

2.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QNBK's dividend (2.23%) is higher than the bottom 25% of dividend payers in the QA market (2.19%).

High Dividend: QNBK's dividend (2.23%) is low compared to the top 25% of dividend payers in the QA market (3.85%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.3%), QNBK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: QNBK's dividends in 3 years are forecast to be well covered by earnings (41.7% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Abdulla Mubarak Al-Khalifa (48 yo)

2.92yrs

Tenure

Mr. Abdulla Mubarak N. Al-Khalifa has been Group Chief Executive Officer at Qatar National Bank (Q.P.S.C.) since 2019. He had been Acting Group Chief Executive Officer of Qatar National Bank (Q.P.S.C.) un...


Leadership Team

Experienced Management: QNBK's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: QNBK's board of directors are seasoned and experienced ( 17.8 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

Qatar National Bank (Q.P.S.C.)'s employee growth, exchange listings and data sources


Key Information

  • Name: Qatar National Bank (Q.P.S.C.)
  • Ticker: QNBK
  • Exchange: DSM
  • Founded: 1964
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ر.ق186.576b
  • Shares outstanding: 9.24b
  • Website: https://www.qnb.com

Number of Employees


Location

  • Qatar National Bank (Q.P.S.C.)
  • PO Box 1000
  • Doha
  • Qatar

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:09
End of Day Share Price2021/10/21 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.