1180 Stock Overview
The Saudi National Bank provides various banking products and services in Saudi Arabia.
Saudi National Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||ر.س73.00|
|52 Week High||ر.س82.00|
|52 Week Low||ر.س58.40|
|1 Month Change||8.31%|
|3 Month Change||-1.35%|
|1 Year Change||21.67%|
|3 Year Change||41.75%|
|5 Year Change||117.43%|
|Change since IPO||121.21%|
Recent News & Updates
|1180||SA Banks||SA Market|
Return vs Industry: 1180 underperformed the SA Banks industry which returned 27% over the past year.
Return vs Market: 1180 exceeded the SA Market which returned 20.7% over the past year.
|1180 Average Weekly Movement||4.4%|
|Banks Industry Average Movement||5.0%|
|Market Average Movement||5.1%|
|10% most volatile stocks in SA Market||7.9%|
|10% least volatile stocks in SA Market||3.3%|
Stable Share Price: 1180 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 1180's weekly volatility (4%) has been stable over the past year.
About the Company
|1953||16,113||Saeed Bin Mohammed A. Al-Ghamdi||https://www.alahli.com|
The Saudi National Bank provides various banking products and services in Saudi Arabia. The company operates through four segments: Retail, Wholesale, Capital Market, and International. The Retail segment provides banking services, including lending and current accounts, as well as products in compliance with Shariah rules to individuals and private banking customers.
Saudi National Bank Fundamentals Summary
|1180 fundamental statistics|
Is 1180 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1180 income statement (TTM)|
|Cost of Revenue||ر.س0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||3.50|
|Net Profit Margin||52.83%|
How did 1180 perform over the long term?See historical performance and comparison
3.0%Current Dividend Yield
Is 1180 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1180?
Other financial metrics that can be useful for relative valuation.
|What is 1180's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 1180's PE Ratio compare to its peers?
|1180 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
1120 Al Rajhi Banking and Investment
1010 Riyad Bank
1060 Saudi British Bank
1150 Alinma Bank
1180 Saudi National Bank
Price-To-Earnings vs Peers: 1180 is good value based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (24.1x).
Price to Earnings Ratio vs Industry
How does 1180's PE Ratio compare vs other companies in the Asian Banks Industry?
Price-To-Earnings vs Industry: 1180 is good value based on its Price-To-Earnings Ratio (20.9x) compared to the SA Banks industry average (22.6x)
Price to Earnings Ratio vs Fair Ratio
What is 1180'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.
|Current PE Ratio||20.9x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1180's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 1180 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1180 (SAR73) is trading above our estimate of fair value (SAR60.66)
Significantly Below Fair Value: 1180 is trading above our estimate of fair value.
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.
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How is Saudi National Bank forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1180's forecast earnings growth (20.3% per year) is above the savings rate (8.9%).
Earnings vs Market: 1180's earnings (20.3% per year) are forecast to grow faster than the SA market (-0.5% per year).
High Growth Earnings: 1180's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1180's revenue (13.8% per year) is forecast to grow faster than the SA market (-3.5% per year).
High Growth Revenue: 1180's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1180's Return on Equity is forecast to be low in 3 years time (19.6%).
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How has Saudi National Bank performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1180 has high quality earnings.
Growing Profit Margin: 1180's current net profit margins (52.8%) are lower than last year (55.9%).
Past Earnings Growth Analysis
Earnings Trend: 1180's earnings have grown by 9.2% per year over the past 5 years.
Accelerating Growth: 1180's earnings growth over the past year (30.6%) exceeds its 5-year average (9.2% per year).
Earnings vs Industry: 1180 earnings growth over the past year (30.6%) exceeded the Banks industry 25.2%.
Return on Equity
High ROE: 1180's Return on Equity (10%) is considered low.
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How is Saudi National Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 1180's Assets to Equity ratio (5.9x) is low.
Allowance for Bad Loans: 1180 has a sufficient allowance for bad loans (132%).
Low Risk Liabilities: 74% of 1180's liabilities are made up of primarily low risk sources of funding.
Loan Level: 1180 has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: 1180's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: 1180 has an appropriate level of bad loans (1.6%).
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What is Saudi National Bank current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1180's dividend (3.01%) is higher than the bottom 25% of dividend payers in the SA market (1.84%).
High Dividend: 1180's dividend (3.01%) is low compared to the top 25% of dividend payers in the SA market (4.3%).
Stability and Growth of Payments
Stable Dividend: 1180 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1180's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.9%), 1180's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1180's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Saeed Bin Mohammed A. Al-Ghamdi (59 yo)
Mr. Saeed Bin Mohammed A. Al-Ghamdi serves as Managing Director and Group Chief Executive Officer at The Saudi National Bank (formerly known as The National Commercial Bank) since April 1, 2021 and serves...
Experienced Management: 1180's management team is considered experienced (4 years average tenure).
Experienced Board: 1180's board of directors are considered experienced (4.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Saudi National Bank's employee growth, exchange listings and data sources
- Name: The Saudi National Bank
- Ticker: 1180
- Exchange: SASE
- Founded: 1953
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: ر.س323.984b
- Shares outstanding: 4.44b
- Website: https://www.alahli.com
Number of Employees
- The Saudi National Bank
- The Saudi National Bank Tower
- King Fahd Road 3208
- Saudi Arabia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/12 00:00|
|End of Day Share Price||2022/08/11 00:00|
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.