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ATB

Arab Tunisian BankBVMT:ATB Stock Report

Market Cap

د.ت230.0m

7D

2.2%

1Y

-22.0%

Updated

15 Oct, 2021

Data

Company Financials +
ATB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends0/6

ATB Overview

Arab Tunisian Bank provides various banking products and services for individuals and companies.

Arab Tunisian Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Arab Tunisian Bank
Historical stock prices
Current Share Priceد.ت2.30
52 Week Highد.ت2.18
52 Week Lowد.ت3.06
Beta0.42
1 Month Change2.22%
3 Month Change-14.82%
1 Year Change-22.03%
3 Year Change-41.48%
5 Year Change-50.96%
Change since IPO-91.47%

Recent News & Updates

Shareholder Returns

ATBTN BanksTN Market
7D2.2%-1.0%-0.5%
1Y-22.0%-12.5%0.5%

Return vs Industry: ATB underperformed the TN Banks industry which returned -12.5% over the past year.

Return vs Market: ATB underperformed the TN Market which returned 0.5% over the past year.

Price Volatility

Is ATB's price volatile compared to industry and market?
ATB volatility
ATB Beta0.42
Industry Beta0.68
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1982n/aAhmed Rjibahttps://www.atb.com.tn

Arab Tunisian Bank provides various banking products and services for individuals and companies. It offers savings accounts; term deposits; bank cards; invoice payment and money transfer services; financing services; and internet and mobile banking services. The company also provides abroad transfer, foreign exchange transaction, placement, AVA record keeping, and portfolio management services.

Arab Tunisian Bank Fundamentals Summary

How do Arab Tunisian Bank's earnings and revenue compare to its market cap?
ATB fundamental statistics
Market Capد.ت230.00m
Earnings (TTM)د.ت12.46m
Revenue (TTM)د.ت222.42m

18.5x

P/E Ratio

0.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATB income statement (TTM)
Revenueد.ت222.42m
Cost of Revenueد.ت0
Gross Profitد.ت222.42m
Expensesد.ت209.97m
Earningsد.ت12.46m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin100.00%
Net Profit Margin5.60%
Debt/Equity Ratio117.2%

How did ATB perform over the long term?

See historical performance and comparison

Valuation

Is Arab Tunisian Bank undervalued compared to its fair value and its price relative to the market?

18.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ATB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ATB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ATB is poor value based on its PE Ratio (18.5x) compared to the TN Banks industry average (6.7x).

PE vs Market: ATB is poor value based on its PE Ratio (18.5x) compared to the TN market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: ATB is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: ATB is good value based on its PB Ratio (0.4x) compared to the TN Banks industry average (0.7x).


Future Growth

How is Arab Tunisian Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

37.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATB's forecast earnings growth (37.9% per year) is above the savings rate (9.1%).

Earnings vs Market: ATB's earnings (37.9% per year) are forecast to grow faster than the TN market (12.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ATB's revenue (14% per year) is forecast to grow faster than the TN market (7.5% per year).

High Growth Revenue: ATB's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATB's Return on Equity is forecast to be low in 3 years time (6.7%).


Past Performance

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

-38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATB has high quality earnings.

Growing Profit Margin: ATB's current net profit margins (5.6%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: ATB's earnings have declined by 38.2% per year over the past 5 years.

Accelerating Growth: ATB's earnings growth over the past year (41.1%) exceeds its 5-year average (-38.2% per year).

Earnings vs Industry: ATB earnings growth over the past year (41.1%) exceeded the Banks industry -20.8%.


Return on Equity

High ROE: ATB's Return on Equity (2.7%) is considered low.


Financial Health

How is Arab Tunisian Bank'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: ATB's Assets to Equity ratio (12.2x) is moderate.

Allowance for Bad Loans: ATB has a sufficient allowance for bad loans (126%).

Low Risk Liabilities: 82% of ATB's liabilities are made up of primarily low risk sources of funding.

Loan Level: ATB has an appropriate level of Loans to Assets ratio (72%).

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

Level of Bad Loans: ATB has a high level of bad loans (5.6%).


Dividend

What is Arab Tunisian Bank current dividend yield, its reliability and sustainability?

6.81%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ATB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ATB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ATB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ATB is not paying a notable dividend for the TN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ATB's dividend in 3 years as they are not forecast to pay a notable one for the TN market.


Next Steps

Management

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


CEO

Ahmed Rjiba

no data

Tenure

Mr. Ahmed Rjiba serves as Director General of Arab Tunisian Bank.


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 Tunisian Bank's employee growth, exchange listings and data sources


Key Information

  • Name: Arab Tunisian Bank
  • Ticker: ATB
  • Exchange: BVMT
  • Founded: 1982
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.ت230.000m
  • Shares outstanding: 100.00m
  • Website: https://www.atb.com.tn

Number of Employees


Location

  • Arab Tunisian Bank
  • 9 Rue Hédi Nouira
  • Tunis
  • 1001
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:00
End of Day Share Price2021/10/14 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.