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TJAR

Banque Attijari de Tunisie Société anonymeBVMT:TJARI Stock Report

Market Cap

د.ت1.3b

7D

-1.9%

1Y

22.1%

Updated

25 Oct, 2021

Data

Company Financials +
TJARI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

TJARI Overview

Banque Attijari de Tunisie Société anonyme provides various banking products and services to individuals, professionals, and companies in Tunisia.

Banque Attijari de Tunisie Société anonyme Competitors

Banque de Tunisie Société anonyme

BVMT:BT

د.ت1.2b

Amen Bank Société anonyme

BVMT:AB

د.ت550.8m

Union Internationale de Banques Société anonyme

BVMT:UIB

د.ت545.4m

Société Tunisienne de Banque Société anonyme

BVMT:STB

د.ت412.2m

Price History & Performance

Summary of all time highs, changes and price drops for Banque Attijari de Tunisie Société anonyme
Historical stock prices
Current Share Priceد.ت30.80
52 Week Highد.ت24.55
52 Week Lowد.ت34.45
Beta0.43
1 Month Change-0.97%
3 Month Change-0.97%
1 Year Change22.13%
3 Year Change-28.37%
5 Year Change13.40%
Change since IPO126.92%

Recent News & Updates

Shareholder Returns

TJARITN BanksTN Market
7D-1.9%-3.6%-1.8%
1Y22.1%-15.1%-1.1%

Return vs Industry: TJARI exceeded the TN Banks industry which returned -15.4% over the past year.

Return vs Market: TJARI exceeded the TN Market which returned -1.2% over the past year.

Price Volatility

Is TJARI's price volatile compared to industry and market?
TJARI volatility
TJARI Beta0.43
Industry Beta0.68
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/an/aSaid Sebtihttps://www.attijaribank.com.tn

Banque Attijari de Tunisie Société anonyme provides various banking products and services to individuals, professionals, and companies in Tunisia. The company offers accounts, credits, savings plans, bank cards, and flow management solutions; operating cycle and investments financing, investment, international trade, remote banking, money transfer, and insurance services; and leasing, asset management, stock market mediation, venture capital, and consulting services. As of December 31, 2019, it operated through a network of 207 branches and business centers.

Banque Attijari de Tunisie Société anonyme Fundamentals Summary

How do Banque Attijari de Tunisie Société anonyme's earnings and revenue compare to its market cap?
TJARI fundamental statistics
Market Capد.ت1.26b
Earnings (TTM)د.ت140.05m
Revenue (TTM)د.ت514.94m

9.0x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TJARI income statement (TTM)
Revenueد.ت514.94m
Cost of Revenueد.ت0
Gross Profitد.ت514.94m
Expensesد.ت374.89m
Earningsد.ت140.05m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)3.44
Gross Margin100.00%
Net Profit Margin27.20%
Debt/Equity Ratio133.2%

How did TJARI perform over the long term?

See historical performance and comparison

Dividends

8.8%

Current Dividend Yield

79%

Payout Ratio

Valuation

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

8.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TJARI (TND30.8) is trading above our estimate of fair value (TND16.96)

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


Price To Earnings Ratio

PE vs Industry: TJARI is poor value based on its PE Ratio (9x) compared to the TN Banks industry average (6.6x).

PE vs Market: TJARI is good value based on its PE Ratio (9x) compared to the TN market (11.8x).


Price to Earnings Growth Ratio

PEG Ratio: TJARI is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: TJARI is overvalued based on its PB Ratio (1.4x) compared to the TN Banks industry average (0.7x).


Future Growth

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

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TJARI's forecast earnings growth (2.6% per year) is below the savings rate (9.1%).

Earnings vs Market: TJARI's earnings (2.6% per year) are forecast to grow slower than the TN market (12.6% per year).

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

Revenue vs Market: TJARI's revenue (5.7% per year) is forecast to grow slower than the TN market (7.6% per year).

High Growth Revenue: TJARI's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TJARI's Return on Equity is forecast to be low in 3 years time (14.7%).


Past Performance

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

9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TJARI has high quality earnings.

Growing Profit Margin: TJARI's current net profit margins (27.2%) are lower than last year (34.5%).


Past Earnings Growth Analysis

Earnings Trend: TJARI's earnings have grown by 9.8% per year over the past 5 years.

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

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


Return on Equity

High ROE: TJARI's Return on Equity (15.7%) is considered low.


Financial Health

How is Banque Attijari 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: TJARI's Assets to Equity ratio (11.1x) is moderate.

Allowance for Bad Loans: TJARI has a sufficient allowance for bad loans (215%).

Low Risk Liabilities: 77% of TJARI's liabilities are made up of primarily low risk sources of funding.

Loan Level: TJARI has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: TJARI's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: TJARI has a high level of bad loans (4.4%).


Dividend

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

8.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TJARI's dividend (8.77%) is higher than the bottom 25% of dividend payers in the TN market (2.9%).

High Dividend: TJARI's dividend (8.77%) is in the top 25% of dividend payers in the TN market (6.78%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.5%), TJARI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TJARI's dividends in 3 years are forecast to be covered by earnings (52.9% payout ratio).


Next Steps

Management

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

3.5yrs

Average board tenure


CEO

Said Sebti

no data

Tenure

Mr. Said Sebti serves as Chief Executive Officer of Banque Attijari de Tunisie SA. Mr. Sebti served as Deputy General Manager of Northeast Region at Attijariwafa Bank S.A. Mr. Sebti served as Head of Centr...


Board Members

Experienced Board: TJARI's board of directors are considered experienced (3.5 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 Attijari de Tunisie Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Banque Attijari de Tunisie Société anonyme
  • Ticker: TJARI
  • Exchange: BVMT
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.ت1.259b
  • Shares outstanding: 40.74m
  • Website: https://www.attijaribank.com.tn

Location

  • Banque Attijari de Tunisie Société anonyme
  • 24, rue Hédi Karray
  • Centre Urbain Nord
  • Tunis
  • 1080
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:47
End of Day Share Price2021/10/25 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.