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CIBE

Commercial International Bank (Egypt)E OTCPK:CIBE.Y Stock Report

Last Price

US$1.93

Market Cap

US$4.0b

7D

7.2%

1Y

-32.7%

Updated

11 Aug, 2022

Data

Company Financials +
CIBE.Y fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends3/6

CIBE.Y Stock Overview

Commercial International Bank (Egypt) S.A.E provides retail, corporate, and investment banking services in Egypt.

Commercial International Bank (Egypt)E Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Commercial International Bank (Egypt)E
Historical stock prices
Current Share Priceج.م1.93
52 Week Highج.م3.50
52 Week Lowج.م1.50
Beta0.62
1 Month Change15.57%
3 Month Change-12.27%
1 Year Change-32.68%
3 Year Change-40.71%
5 Year Change-30.07%
Change since IPO614.14%

Recent News & Updates

Shareholder Returns

CIBE.YUS BanksUS Market
7D7.2%5.5%1.3%
1Y-32.7%-13.2%-11.7%

Return vs Industry: CIBE.Y underperformed the US Banks industry which returned -14.5% over the past year.

Return vs Market: CIBE.Y underperformed the US Market which returned -11.6% over the past year.

Price Volatility

Is CIBE.Y's price volatile compared to industry and market?
CIBE.Y volatility
CIBE.Y Average Weekly Movement5.8%
Banks Industry Average Movement3.7%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: CIBE.Y is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CIBE.Y's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19757,494Hussein Mohamed Abazahttps://www.cibeg.com

Commercial International Bank (Egypt) S.A.E provides retail, corporate, and investment banking services in Egypt. The company operates in four segments: Corporate Banking, Investment, Retail Banking, and Others. It offers current and saving accounts, easy accounts, time deposits, and certificates of deposit; and personal/overdraft/mortgage, educational, solar, travel, car finance, and unsecured personal loans, as well as revolving overdraft salary upfront services.

Commercial International Bank (Egypt)E Fundamentals Summary

How do Commercial International Bank (Egypt)E's earnings and revenue compare to its market cap?
CIBE.Y fundamental statistics
Market Capج.م76.53b
Earnings (TTM)ج.م13.48b
Revenue (TTM)ج.م31.43b

5.7x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIBE.Y income statement (TTM)
Revenueج.م31.43b
Cost of Revenueج.م0
Gross Profitج.م31.43b
Other Expensesج.م17.95b
Earningsج.م13.48b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.80
Gross Margin100.00%
Net Profit Margin42.89%
Debt/Equity Ratio11.9%

How did CIBE.Y perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CIBE.Y undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIBE.Y?

Other financial metrics that can be useful for relative valuation.

CIBE.Y key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does CIBE.Y's PE Ratio compare to its peers?

CIBE.Y PE Ratio vs Peers
The above table shows the PE ratio for CIBE.Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
NTB Bank of N.T. Butterfield & Son
9.5x13.1%US$1.7b
BAP Credicorp
10.8x8.4%US$11.3b
USB U.S. Bancorp
11.2x14.4%US$72.0b
C Citigroup
6.6x0.2%US$104.6b
CIBE.Y Commercial International Bank (Egypt)E
5.7x14.9%US$76.5b

Price-To-Earnings vs Peers: CIBE.Y is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does CIBE.Y's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: CIBE.Y is good value based on its Price-To-Earnings Ratio (5.7x) compared to the US Banks industry average (9.9x)


Price to Earnings Ratio vs Fair Ratio

What is CIBE.Y's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIBE.Y PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: CIBE.Y is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).


Share Price vs Fair Value

What is the Fair Price of CIBE.Y when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIBE.Y ($1.93) is trading below our estimate of fair value ($4.34)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Commercial International Bank (Egypt)E forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIBE.Y's forecast earnings growth (14.9% per year) is above the savings rate (1.9%).

Earnings vs Market: CIBE.Y's earnings (14.9% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: CIBE.Y's revenue (11.9% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: CIBE.Y's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CIBE.Y's Return on Equity is forecast to be high in 3 years time (22.1%)


Discover growth companies

Past Performance

How has Commercial International Bank (Egypt)E performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CIBE.Y has a high level of non-cash earnings.

Growing Profit Margin: CIBE.Y's current net profit margins (42.9%) are higher than last year (42.1%).


Past Earnings Growth Analysis

Earnings Trend: CIBE.Y's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: CIBE.Y's earnings growth over the past year (32.9%) exceeds its 5-year average (13.8% per year).

Earnings vs Industry: CIBE.Y earnings growth over the past year (32.9%) exceeded the Banks industry 8.8%.


Return on Equity

High ROE: CIBE.Y's Return on Equity (22.7%) is considered high.


Discover strong past performing companies

Financial Health

How is Commercial International Bank (Egypt)E's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CIBE.Y's Assets to Equity ratio (7.9x) is low.

Allowance for Bad Loans: CIBE.Y has a sufficient allowance for bad loans (209%).

Low Risk Liabilities: 94% of CIBE.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: CIBE.Y has an appropriate level of Loans to Assets ratio (33%).

Low Risk Deposits: CIBE.Y's Loans to Deposits ratio (40%) is appropriate.

Level of Bad Loans: CIBE.Y has a high level of bad loans (4.8%).


Discover healthy companies

Dividend

What is Commercial International Bank (Egypt)E current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.51%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CIBE.Y's dividend (3.51%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: CIBE.Y's dividend (3.51%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: CIBE.Y has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CIBE.Y's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.8%), CIBE.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CIBE.Y's dividends in 3 years are forecast to be well covered by earnings (27.1% payout ratio).


Discover strong dividend paying companies

Management

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

5.5yrs

Average management tenure


CEO

Hussein Mohamed Abaza (60 yo)

5.42yrs

Tenure

Mr. Hussein Mohamed Maged Abaza has been the Chief Executive Officer and Executive Director of Commercial International Bank (Egypt) S.A.E. since March 14, 2017 and serves as its Managing Director since Ju...


Leadership Team

Experienced Management: CIBE.Y's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: CIBE.Y's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Commercial International Bank (Egypt) S.A.E's employee growth, exchange listings and data sources


Key Information

  • Name: Commercial International Bank (Egypt) S.A.E
  • Ticker: CIBE.Y
  • Exchange: OTCPK
  • Founded: 1975
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ج.م76.525b
  • Listing Market Cap: ج.م3.996b
  • Shares outstanding: 1.98b
  • Website: https://www.cibeg.com

Number of Employees


Location

  • Commercial International Bank (Egypt) S.A.E
  • Nile Tower Building
  • 21/23 Charles de Gaulle Street
  • Giza
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.