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WIFA

Wifack International Bank Société anonymeBVMT:WIFAK Stock Report

Market Cap

د.ت210.0m

7D

-4.2%

1Y

10.9%

Updated

22 Oct, 2021

Data

Company Financials +
WIFAK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

WIFAK Overview

Wifack International Bank Société anonyme provides Islamic commercial banking products and services in Tunisia.

Price History & Performance

Summary of all time highs, changes and price drops for Wifack International Bank Société anonyme
Historical stock prices
Current Share Priceد.ت7.00
52 Week Highد.ت6.21
52 Week Lowد.ت7.31
Beta0.00044
1 Month Change-4.11%
3 Month Change-1.13%
1 Year Change10.94%
3 Year Change3.25%
5 Year Change23.24%
Change since IPO92.66%

Recent News & Updates

Shareholder Returns

WIFAKTN BanksTN Market
7D-4.2%-3.0%-0.9%
1Y10.9%-14.8%-0.4%

Return vs Industry: WIFAK exceeded the TN Banks industry which returned -14.8% over the past year.

Return vs Market: WIFAK exceeded the TN Market which returned -0.4% over the past year.

Price Volatility

Is WIFAK's price volatile compared to industry and market?
WIFAK volatility
WIFAK Beta0.00044
Industry Beta0.68
Market Beta1

Stable Share Price: Insufficient data to determine WIFAK's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine WIFAK's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aMohammed Melloussehttps://www.wifakbank.com

Wifack International Bank Société anonyme provides Islamic commercial banking products and services in Tunisia. The company offers deposit and loan products; Mourabaha and Ijara financing services; bank cards; and digital banking services. It operates through a network of 30 branches and 33 ATMs.

Wifack International Bank Société anonyme Fundamentals Summary

How do Wifack International Bank Société anonyme's earnings and revenue compare to its market cap?
WIFAK fundamental statistics
Market Capد.ت210.00m
Earnings (TTM)-د.ت5.27m
Revenue (TTM)د.ت25.50m

1.4x

P/B Ratio

8.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WIFAK income statement (TTM)
Revenueد.ت25.50m
Cost of Revenueد.ت1.90m
Gross Profitد.ت23.60m
Expensesد.ت28.86m
Earnings-د.ت5.27m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.18
Gross Margin92.56%
Net Profit Margin-20.65%
Debt/Equity Ratio81.1%

How did WIFAK perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WIFAK (TND7) is trading below our estimate of fair value (TND54.19)

Significantly Below Fair Value: WIFAK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WIFAK is unprofitable, so we can't compare its PE Ratio to the TN Banks industry average.

PE vs Market: WIFAK is unprofitable, so we can't compare its PE Ratio to the TN market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WIFAK's PEG Ratio to determine if it is good value.


Price to Book Ratio

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


Future Growth

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

93.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WIFAK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.1%).

Earnings vs Market: WIFAK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: WIFAK's is expected to become profitable in the next 3 years.

Revenue vs Market: WIFAK's revenue (28.6% per year) is forecast to grow faster than the TN market (7.5% per year).

High Growth Revenue: WIFAK's revenue (28.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WIFAK's Return on Equity is forecast to be low in 3 years time (8.4%).


Past Performance

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

-55.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WIFAK is currently unprofitable.

Growing Profit Margin: WIFAK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WIFAK is unprofitable, and losses have increased over the past 5 years at a rate of 55.7% per year.

Accelerating Growth: Unable to compare WIFAK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WIFAK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-20.8%).


Return on Equity

High ROE: WIFAK has a negative Return on Equity (-3.38%), as it is currently unprofitable.


Financial Health

How is Wifack International 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: WIFAK's Assets to Equity ratio (5.3x) is low.

Allowance for Bad Loans: WIFAK has a low allowance for bad loans (48%).

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

Loan Level: WIFAK has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: WIFAK's Loans to Deposits ratio (107%) is appropriate.

Level of Bad Loans: WIFAK has a high level of bad loans (12.7%).


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate WIFAK'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 WIFAK's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WIFAK'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

Mohammed Mellousse

no data

Tenure

Mr. Mohammed Mellousse serves as General Manager of Wifak International Bank SA (formerly known as Wifack International 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

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


Key Information

  • Name: Wifack International Bank Société anonyme
  • Ticker: WIFAK
  • Exchange: BVMT
  • Founded: 2002
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.ت210.000m
  • Shares outstanding: 30.00m
  • Website: https://www.wifakbank.com

Location

  • Wifack International Bank Société anonyme
  • Avenue Habib Bourguiba
  • Medenine
  • 4100
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 21:02
End of Day Share Price2021/10/22 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.