company background image
AB

Amen Bank Société anonymeBVMT:AB Stock Report

Market Cap

د.ت556.1m

7D

-0.9%

1Y

-15.1%

Updated

21 Oct, 2021

Data

Company Financials +
AB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends4/6

AB Overview

Amen Bank Société anonyme provides banking products and services to individuals and businesses in Tunisia.

Amen Bank Société anonyme Competitors

Banque Attijari de Tunisie Société anonyme

BVMT:TJARI

د.ت1.3b

Banque de Tunisie Société anonyme

BVMT:BT

د.ت1.3b

Union Internationale de Banques Société anonyme

BVMT:UIB

د.ت547.8m

Société Tunisienne de Banque Société anonyme

BVMT:STB

د.ت415.3m

Price History & Performance

Summary of all time highs, changes and price drops for Amen Bank Société anonyme
Historical stock prices
Current Share Priceد.ت20.80
52 Week Highد.ت20.32
52 Week Lowد.ت24.49
Beta0.0075
1 Month Change0%
3 Month Change-2.71%
1 Year Change-15.07%
3 Year Change-21.51%
5 Year Change-8.26%
Change since IPO-14.16%

Recent News & Updates

Shareholder Returns

ABTN BanksTN Market
7D-0.9%-3.0%-0.9%
1Y-15.1%-14.8%-0.4%

Return vs Industry: AB matched the TN Banks industry which returned -14.6% over the past year.

Return vs Market: AB underperformed the TN Market which returned -0.2% over the past year.

Price Volatility

Is AB's price volatile compared to industry and market?
AB volatility
AB Beta0.0075
Industry Beta0.68
Market Beta1

Stable Share Price: AB is less volatile than 75% of TN stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: AB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1967n/aKarim Yedderhttps://www.amenbank.com.tn

Amen Bank Société anonyme provides banking products and services to individuals and businesses in Tunisia. The company offers savings and current accounts; short-term and medium-term credits; remote banking products; payment products; bank cards; bancassurance products; investment products; cash products; and exchange products, as well as vaults and digital banking solutions. Amen Bank Société anonyme was founded in 1967 and is headquartered in Tunis, Tunisia.

Amen Bank Société anonyme Fundamentals Summary

How do Amen Bank Société anonyme's earnings and revenue compare to its market cap?
AB fundamental statistics
Market Capد.ت556.10m
Earnings (TTM)د.ت98.44m
Revenue (TTM)د.ت294.96m

5.6x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AB income statement (TTM)
Revenueد.ت294.96m
Cost of Revenueد.ت0
Gross Profitد.ت294.96m
Expensesد.ت196.52m
Earningsد.ت98.44m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)3.72
Gross Margin100.00%
Net Profit Margin33.37%
Debt/Equity Ratio113.6%

How did AB perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

58%

Payout Ratio

Valuation

Is Amen Bank Société anonyme undervalued compared to its fair value and its price relative to the market?

5.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AB (TND20.8) is trading above our estimate of fair value (TND7.86)

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


Price To Earnings Ratio

PE vs Industry: AB is good value based on its PE Ratio (5.6x) compared to the TN Banks industry average (6.7x).

PE vs Market: AB is good value based on its PE Ratio (5.6x) compared to the TN market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: AB is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: AB is good value based on its PB Ratio (0.5x) compared to the TN Banks industry average (0.7x).


Future Growth

How is Amen Bank Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

18.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AB's forecast earnings growth (18.5% per year) is above the savings rate (9.1%).

Earnings vs Market: AB's earnings (18.5% per year) are forecast to grow faster than the TN market (12.7% per year).

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

Revenue vs Market: AB's revenue (19.5% per year) is forecast to grow faster than the TN market (7.5% per year).

High Growth Revenue: AB's revenue (19.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AB's Return on Equity is forecast to be low in 3 years time (12.3%).


Past Performance

How has Amen Bank Société anonyme performed over the past 5 years?

9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AB has high quality earnings.

Growing Profit Margin: AB's current net profit margins (33.4%) are lower than last year (46.5%).


Past Earnings Growth Analysis

Earnings Trend: AB's earnings have grown by 9.5% per year over the past 5 years.

Accelerating Growth: AB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AB had negative earnings growth (-32.8%) over the past year, making it difficult to compare to the Banks industry average (-20.8%).


Return on Equity

High ROE: AB's Return on Equity (8.4%) is considered low.


Financial Health

How is Amen Bank Société anonyme'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: AB's Assets to Equity ratio (7.7x) is low.

Allowance for Bad Loans: Insufficient data to determine if AB has a sufficient allowance for bad loans.

Low Risk Liabilities: 72% of AB's liabilities are made up of primarily low risk sources of funding.

Loan Level: AB has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: AB's Loans to Deposits ratio (110%) is appropriate.

Level of Bad Loans: Insufficient data to determine if AB has an appropriate level of bad loans.


Dividend

What is Amen Bank Société anonyme current dividend yield, its reliability and sustainability?

10.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AB's dividend (10.34%) is higher than the bottom 25% of dividend payers in the TN market (2.92%).

High Dividend: AB's dividend (10.34%) is in the top 25% of dividend payers in the TN market (6.69%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether AB's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if AB's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.8%), AB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AB's dividends in 3 years are forecast to be well covered by earnings (29.4% payout ratio).


Next Steps

Management

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


CEO

Karim Yedder

1.08yrs

Tenure

Mr. Karim Ben Yedder serves as the Chief Executive Officer and Member of the Management Board at Amen Bank S.A. and served as its Deputy Managing Director. Mr. Yedder serves as a Director of Tunisie Leasin...


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

Amen Bank Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Amen Bank Société anonyme
  • Ticker: AB
  • Exchange: BVMT
  • Founded: 1967
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.ت556.101m
  • Shares outstanding: 26.48m
  • Website: https://www.amenbank.com.tn

Location

  • Amen Bank Société anonyme
  • Avenue Mohamed V
  • Tunis
  • 1002
  • Tunisia

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 18:11
End of Day Share Price2021/10/21 00:00
Earnings2020/12/31
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.