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BIAT

Banque Internationale Arabe de Tunisie Société anonymeBVMT:BIAT Stock Report

Market Cap

د.ت1.1b

7D

-1.4%

1Y

-35.0%

Updated

17 Oct, 2021

Data

Company Financials +
BIAT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends4/6

BIAT Overview

Banque Internationale Arabe de Tunisie Société anonyme provides banking products and services in Tunisia.

Price History & Performance

Summary of all time highs, changes and price drops for Banque Internationale Arabe de Tunisie Société anonyme
Historical stock prices
Current Share Priceد.ت61.13
52 Week Highد.ت59.49
52 Week Lowد.ت121.74
Beta0.026
1 Month Change-1.56%
3 Month Change-2.19%
1 Year Change-34.97%
3 Year Change-54.48%
5 Year Change-27.31%
Change since IPO21.89%

Recent News & Updates

Shareholder Returns

BIATTN BanksTN Market
7D-1.4%-0.5%-0.5%
1Y-35.0%-12.2%0.07%

Return vs Industry: BIAT underperformed the TN Banks industry which returned -12.2% over the past year.

Return vs Market: BIAT underperformed the TN Market which returned 0.1% over the past year.

Price Volatility

Is BIAT's price volatile compared to industry and market?
BIAT volatility
BIAT Beta0.026
Industry Beta0.68
Market Beta1

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

Volatility Over Time: BIAT's weekly volatility has decreased from 7% to 2% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976n/aMohamed Agrebihttps://www.biat.com.tn

Banque Internationale Arabe de Tunisie Société anonyme provides banking products and services in Tunisia. The company offers everyday banking, savings, investments, consumer loans, mortgages, insurance, financing of the bank, investment, financing of the operating cycle, and international operation products and services; operational support to the activities of large companies and institutional investors, as well as corporate and investment banking services. It also engages in the capital market, corporate finance, capital investment, development abroad, and the other financial activities, as well as provision of web and mobile banking services.

Banque Internationale Arabe de Tunisie Société anonyme Fundamentals Summary

How do Banque Internationale Arabe de Tunisie Société anonyme's earnings and revenue compare to its market cap?
BIAT fundamental statistics
Market Capد.ت1.09b
Earnings (TTM)د.ت277.48m
Revenue (TTM)د.ت873.92m

3.9x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIAT income statement (TTM)
Revenueد.ت873.92m
Cost of Revenueد.ت0
Gross Profitد.ت873.92m
Expensesد.ت596.44m
Earningsد.ت277.48m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)15.55
Gross Margin100.00%
Net Profit Margin31.75%
Debt/Equity Ratio42.0%

How did BIAT perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is Banque Internationale Arabe de Tunisie Société anonyme undervalued compared to its fair value and its price relative to the market?

3.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BIAT (TND61.13) is trading above our estimate of fair value (TND52.77)

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


Price To Earnings Ratio

PE vs Industry: BIAT is good value based on its PE Ratio (3.9x) compared to the TN Banks industry average (6.7x).

PE vs Market: BIAT is good value based on its PE Ratio (3.9x) compared to the TN market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: BIAT is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BIAT's PB Ratio (0.6x) is in line with the TN Banks industry average.


Future Growth

How is Banque Internationale Arabe de Tunisie Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BIAT's forecast earnings growth (6.1% per year) is below the savings rate (9.1%).

Earnings vs Market: BIAT's earnings (6.1% per year) are forecast to grow slower than the TN market (12.7% per year).

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

Revenue vs Market: BIAT's revenue (7.4% per year) is forecast to grow slower than the TN market (7.5% per year).

High Growth Revenue: BIAT's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BIAT's Return on Equity is forecast to be low in 3 years time (15.1%).


Past Performance

How has Banque Internationale Arabe de Tunisie Société anonyme performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIAT has high quality earnings.

Growing Profit Margin: BIAT's current net profit margins (31.8%) are lower than last year (37.9%).


Past Earnings Growth Analysis

Earnings Trend: BIAT's earnings have grown by 13.9% per year over the past 5 years.

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

Earnings vs Industry: BIAT had negative earnings growth (-19.5%) over the past year, making it difficult to compare to the Banks industry average (-20.8%).


Return on Equity

High ROE: BIAT's Return on Equity (12.8%) is considered low.


Financial Health

How is Banque Internationale Arabe de Tunisie 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: BIAT's Assets to Equity ratio (7.9x) is low.

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

Low Risk Liabilities: 88% of BIAT's liabilities are made up of primarily low risk sources of funding.

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

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

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


Dividend

What is Banque Internationale Arabe de Tunisie Société anonyme current dividend yield, its reliability and sustainability?

8.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BIAT's dividend (8.18%) is higher than the bottom 25% of dividend payers in the TN market (2.89%).

High Dividend: BIAT's dividend (8.18%) is in the top 25% of dividend payers in the TN market (6.62%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.2%), BIAT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BIAT's dividends in 3 years are forecast to be well covered by earnings (32.1% payout ratio).


Next Steps

Management

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

8.8yrs

Average board tenure


CEO

Mohamed Agrebi

7.42yrs

Tenure

Mr. Mohamed Agrebi has been the General Manager of Banque Internationale Arabe de Tunisie SA since May 23, 2014.


Board Members

Experienced Board: BIAT's board of directors are considered experienced (8.8 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

Banque Internationale Arabe de Tunisie Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Banque Internationale Arabe de Tunisie Société anonyme
  • Ticker: BIAT
  • Exchange: BVMT
  • Founded: 1976
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.ت1.091b
  • Shares outstanding: 17.85m
  • Website: https://www.biat.com.tn

Location

  • Banque Internationale Arabe de Tunisie Société anonyme
  • 70-72, Avenue Habib Bourguiba
  • Tunis
  • 1000
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 15:01
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.