Commercial International Bank -EgyptE
Market Cap
US$104.0b
Last Updated
2019/05/28 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Commercial International Bank -Egypt S.A.E provides retail, corporate, and investment banking services in Egypt.
Snowflake
Fundamentals
Undervalued with excellent balance sheet.
Share Price & News
How has Commercial International Bank -EgyptE's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
OTCPK:CMGG.F
-2.6%
US Banks
-1.0%
US Market
1 Year Return
-0.9%
OTCPK:CMGG.F
-14.2%
US Banks
-0.4%
US Market
CMGG.F outperformed the Banks industry which returned -9.5% over the past year.
CMGG.F underperformed the Market in United States of America which returned 1.8% over the past year.
Share holder returns
| CMGG.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -2.6% | -1.0% |
| 30 Day | 0% | -6.3% | -3.3% |
| 90 Day | -3.4% | -3.5% | 0.8% |
| 1 Year | 0.5%-0.9% | -11.8%-14.2% | 1.9%-0.4% |
| 3 Year | 44.0%39.9% | 42.2%32.4% | 39.4%30.4% |
| 5 Year | 39.4%30.5% | 53.3%36.7% | 54.2%37.1% |
Price Volatility Vs. Market
How volatile is Commercial International Bank -EgyptE's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Commercial International Bank -EgyptE undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Commercial International Bank -EgyptE's share price is below the future cash flow value, and at a moderate discount (> 20%).
Commercial International Bank -EgyptE's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Commercial International Bank -EgyptE is good value based on earnings compared to the US Banks industry average.
Commercial International Bank -EgyptE is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Commercial International Bank -EgyptE is good value based on expected growth next year.
Price Based on Value of Assets
Commercial International Bank -EgyptE is overvalued based on assets compared to the US Banks industry average.
Next Steps
Future Growth
How is Commercial International Bank -EgyptE expected to perform in the next 1 to 3 years based on estimates from 10 analysts?
16.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Commercial International Bank -EgyptE's revenue is expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
Commercial International Bank -EgyptE's earnings are expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).
Commercial International Bank -EgyptE's revenue growth is expected to exceed the United States of America market average.
Commercial International Bank -EgyptE's earnings growth is expected to exceed the United States of America market average.
Commercial International Bank -EgyptE's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Commercial International Bank -EgyptE is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has Commercial International Bank -EgyptE performed over the past 5 years?
24.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Commercial International Bank -EgyptE has delivered over 20% year on year earnings growth in the past 5 years.
Commercial International Bank -EgyptE's 1-year earnings growth exceeds its 5-year average (38% vs 24%)
Commercial International Bank -EgyptE's earnings growth has not exceeded the US Banks industry average in the past year (38% vs 40.1%).
Return on Equity
Commercial International Bank -EgyptE has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Return on Assets
Commercial International Bank -EgyptE used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Commercial International Bank -EgyptE improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is Commercial International Bank -EgyptE'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
Commercial International Bank -EgyptE has an acceptable proportion of non-loan assets held.
Commercial International Bank -EgyptE has a sufficient allowance for bad loans.
Commercial International Bank -EgyptE's liabilities are made up of primarily low risk sources of funding.
Commercial International Bank -EgyptE's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
Loans at Commercial International Bank -EgyptE are broadly funded by customer deposits.
Commercial International Bank -EgyptE has a high level of bad loans (greater than 2%).
Next Steps
Dividend
What is Commercial International Bank -EgyptE's current dividend yield, its reliability and sustainability?
3.54%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Commercial International Bank -EgyptE's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
Commercial International Bank -EgyptE's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Commercial International Bank -EgyptE has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
Dividend payments have increased, but Commercial International Bank -EgyptE only paid a dividend in the past 9 years.
Current Payout to Shareholders
Dividends paid are thoroughly covered by earnings (8.3x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
Next Steps
Management
What is the CEO of Commercial International Bank -EgyptE's salary, the management and board of directors tenure and is there insider trading?
4.3yrs
Average management tenure
CEO
Hussein Abaza (56yo)
2.2yrs
Tenure
Mr. Hussein Abaza has been the Chief Executive Officer and a Director of Commercial International Bank (Egypt) S.A.E. since March 14, 2017. Mr. Abaza served as Chief Executive Officer of Institutional Bank ...
Management Age and Tenure
4.3yrs
Average Tenure
54yo
Average Age
The tenure for the Commercial International Bank -EgyptE management team is about average.
Board Age and Tenure
4.6yrs
Average Tenure
57yo
Average Age
The tenure for the Commercial International Bank -EgyptE board of directors is about average.
Insider Trading
No 3 month insider trading information.
Ownership Breakdown
Management Team
Amin Ezz Al-Arab (62yo)
Chairman & MD
Hussein Abaza (56yo)
CEO & Director
- Tenure: 2.2yrs
Mohamed Sultan (46yo)
Chief Operating Officer
- Tenure: 4.3yrs
Ahmed Issa (48yo)
Chief Executive Officer of Retail Banking
- Tenure: 2.3yrs
Amr El Ganainy
Chief Executive Officer of Institutional Banking
- Tenure: 9.3yrs
Pakinam Essam (54yo)
Chief Risk Officer
- Tenure: 8.3yrs
Sherif Khalil
Director of investor relations
Board Members
Amin Ezz Al-Arab (62yo)
Chairman & MD
- Tenure: 17.3yrs
Sherif Kamel (53yo)
Non-Executive Director
- Tenure: 6.3yrs
Jawaid Mirza (60yo)
Lead Director
- Tenure: 0.3yrs
Hussein Abaza (56yo)
CEO & Director
- Tenure: 2.2yrs
Amani Abou-Zeid
Independent Non-Executive Director
- Tenure: 1.4yrs
Mark William Richards (52yo)
Independent Non-Executive Director
- Tenure: 5.3yrs
Yasser Hashem (58yo)
Non-Executive Director
- Tenure: 6.3yrs
Bijan Khosrowshahi (57yo)
Non-Executive Director
- Tenure: 4.6yrs
Magda Habib
Independent Non-Executive Director
- Tenure: 1.4yrs
Company Information
Commercial International Bank -Egypt S.A.E's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Commercial International Bank -Egypt S.A.E
- Ticker: CMGG.F
- Exchange: OTCPK
- Founded: 1975
- Industry: diversified banks
- Sector: banks
- Market Cap: ج.م103.950b
- Listing Market Cap: ج.م6.173b
- Shares outstanding: 1.46b
- Website: Click here
Number of Employees
Location
- Commercial International Bank -Egypt S.A.E
- Nile Tower
- 21/23 Charles De Gaulle Street
- Giza
- Egypt
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| COMI | CASE (Cairo and Alexandria Stock Exchange) | Yes | Ordinary Shares | EG | EGP | Aug 1995 |
| CMGG.F | OTCPK (Pink Sheets LLC) | GDR EACH REPR 1 ORD EGP10 REG'S' | US | USD | Dec 1996 | |
| CIBE.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Apr 2004 | |
| CBKD | LSE (London Stock Exchange) | GDR EACH REPR 1 ORD EGP10 REG'S' | GB | USD | Dec 1996 | |
| CBKDL | BATS-CHIXE (BATS 'Chi-X Europe') | GDR EACH REPR 1 ORD EGP10 REG'S' | GB | USD | Dec 1996 |
Biography
Commercial International Bank -Egypt S.A.E provides retail, corporate, and investment banking services in Egypt. The company operates through four segments: Corporate Banking, Investment Banking, Retail Ba ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/05/28 23:50 |
| End of Day Share Price | 2019/03/01 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.