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1080

Arab National Bank SASE:1080 Stock Report

Last Price

ر.س32.15

Market Cap

ر.س48.0b

7D

2.1%

1Y

42.4%

Updated

11 Aug, 2022

Data

Company Financials +
1080 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

1080 Stock Overview

Arab National Bank provides various banking products and services.

Arab National Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Arab National Bank
Historical stock prices
Current Share Priceر.س32.15
52 Week Highر.س36.25
52 Week Lowر.س21.00
Beta0.70
1 Month Change7.17%
3 Month Change10.10%
1 Year Change42.38%
3 Year Change24.13%
5 Year Change93.52%
Change since IPO537.34%

Recent News & Updates

Jun 30
Arab National Bank (TADAWUL:1080) Is Paying Out A Larger Dividend Than Last Year

Arab National Bank (TADAWUL:1080) Is Paying Out A Larger Dividend Than Last Year

The board of Arab National Bank ( TADAWUL:1080 ) has announced that it will be increasing its dividend on the 18th of...

Shareholder Returns

1080SA BanksSA Market
7D2.1%1.0%2.6%
1Y42.4%27.0%20.7%

Return vs Industry: 1080 exceeded the SA Banks industry which returned 27.6% over the past year.

Return vs Market: 1080 exceeded the SA Market which returned 18.2% over the past year.

Price Volatility

Is 1080's price volatile compared to industry and market?
1080 volatility
1080 Average Weekly Movement5.2%
Banks Industry Average Movement5.0%
Market Average Movement5.1%
10% most volatile stocks in SA Market7.9%
10% least volatile stocks in SA Market3.3%

Stable Share Price: 1080 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 1080's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19794,059Obaid Abdullah Al-Rasheedhttps://www.anb.com.sa

Arab National Bank provides various banking products and services. The company operates through Retail Banking, Corporate Banking, Treasury, and Investment and Brokerage Services segments. It offers current, savings, and Murabaha accounts, as well as time deposits; personal, car lease, and real estate financing, as well as consumer credit advisory services; credit lines and loans; credit facilities for foreign exchange and precious metals; letters of credit (LC) and letters of guarantee; margin trading lending; and credit and debit cards.

Arab National Bank Fundamentals Summary

How do Arab National Bank's earnings and revenue compare to its market cap?
1080 fundamental statistics
Market Capر.س48.00b
Earnings (TTM)ر.س2.48b
Revenue (TTM)ر.س5.15b

19.4x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1080 income statement (TTM)
Revenueر.س5.15b
Cost of Revenueر.س0
Gross Profitر.س5.15b
Other Expensesر.س2.67b
Earningsر.س2.48b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.65
Gross Margin100.00%
Net Profit Margin48.14%
Debt/Equity Ratio37.3%

How did 1080 perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

57%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1080 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 1080?

Other financial metrics that can be useful for relative valuation.

1080 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 Ratio1.1x

Price to Earnings Ratio vs Peers

How does 1080's PE Ratio compare to its peers?

1080 PE Ratio vs Peers
The above table shows the PE ratio for 1080 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.2x
1140 Bank Albilad
27x15.1%ر.س50.7b
1050 Banque Saudi Fransi
18.7x14.0%ر.س62.6b
1150 Alinma Bank
25.4x20.6%ر.س76.6b
1060 Saudi British Bank
25.7x22.2%ر.س87.1b
1080 Arab National Bank
19.4x17.0%ر.س48.0b

Price-To-Earnings vs Peers: 1080 is good value based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (24.2x).


Price to Earnings Ratio vs Industry

How does 1080's PE Ratio compare vs other companies in the Asian Banks Industry?

Price-To-Earnings vs Industry: 1080 is good value based on its Price-To-Earnings Ratio (19.4x) compared to the SA Banks industry average (20.2x)


Price to Earnings Ratio vs Fair Ratio

What is 1080'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.

1080 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1080's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1080 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 1080's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 1080's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

How is Arab National Bank 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


17.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1080's forecast earnings growth (17% per year) is above the savings rate (8.9%).

Earnings vs Market: 1080's earnings (17% per year) are forecast to grow faster than the SA market (-0.4% per year).

High Growth Earnings: 1080's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1080's revenue (15.5% per year) is forecast to grow faster than the SA market (-3.5% per year).

High Growth Revenue: 1080's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1080's Return on Equity is forecast to be low in 3 years time (12.1%).


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Past Performance

How has Arab National Bank performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • 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: 1080 has a high level of non-cash earnings.

Growing Profit Margin: 1080's current net profit margins (48.1%) are higher than last year (44.9%).


Past Earnings Growth Analysis

Earnings Trend: 1080's earnings have declined by 9.2% per year over the past 5 years.

Accelerating Growth: 1080's earnings growth over the past year (24.2%) exceeds its 5-year average (-9.2% per year).

Earnings vs Industry: 1080 earnings growth over the past year (24.2%) underperformed the Banks industry 26.6%.


Return on Equity

High ROE: 1080's Return on Equity (8%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • 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: 1080's Assets to Equity ratio (6.8x) is low.

Allowance for Bad Loans: 1080 has a sufficient allowance for bad loans (136%).

Low Risk Liabilities: 90% of 1080's liabilities are made up of primarily low risk sources of funding.

Loan Level: 1080 has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: 1080's Loans to Deposits ratio (89%) is appropriate.

Level of Bad Loans: 1080 has an appropriate level of bad loans (1.8%).


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Dividend

What is Arab National Bank 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


3.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1080's dividend (3.11%) is higher than the bottom 25% of dividend payers in the SA market (1.82%).

High Dividend: 1080's dividend (3.11%) is low compared to the top 25% of dividend payers in the SA market (4.33%).


Stability and Growth of Payments

Stable Dividend: 1080 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1080's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57.5%), 1080's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1080's dividends in 3 years are forecast to be covered by earnings (53.6% payout ratio).


Discover strong dividend paying companies

Management

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

1.5yrs

Average management tenure


CEO

Obaid Abdullah Al-Rasheed

1.5yrs

Tenure

Mr. Obaid Abdullah Obaid Al-Rasheed has been Managing Director and Chief Executive Officer at Arab National Bank since February 1, 2021 and served as its Deputy Chief Executive Officer for Private Banking...


Leadership Team

Experienced Management: 1080's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: 1080's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

Arab National Bank's employee growth, exchange listings and data sources


Key Information

  • Name: Arab National Bank
  • Ticker: 1080
  • Exchange: SASE
  • Founded: 1979
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ر.س48.000b
  • Shares outstanding: 1.50b
  • Website: https://www.anb.com.sa

Number of Employees


Location

  • Arab National Bank
  • PO Box 56921
  • Riyadh
  • 11564
  • Saudi Arabia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 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.