OTCPK:CMGG.F

Stock Analysis Report

Commercial International Bank -EgyptE

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.FIndustryMarket
7 Day0%-2.6%-1.0%
30 Day0%-6.3%-3.3%
90 Day-3.4%-3.5%0.8%
1 Year0.5%-0.9%-11.8%-14.2%1.9%-0.4%
3 Year44.0%39.9%42.2%32.4%39.4%30.4%
5 Year39.4%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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COMICASE (Cairo and Alexandria Stock Exchange)YesOrdinary SharesEGEGPAug 1995
CMGG.FOTCPK (Pink Sheets LLC)GDR EACH REPR 1 ORD EGP10 REG'S'USUSDDec 1996
CIBE.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDApr 2004
CBKDLSE (London Stock Exchange)GDR EACH REPR 1 ORD EGP10 REG'S'GBUSDDec 1996
CBKDLBATS-CHIXE (BATS 'Chi-X Europe')GDR EACH REPR 1 ORD EGP10 REG'S'GBUSDDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/28 23:50
End of Day Share Price2019/03/01 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.