Financials Qatar National Bank (Q.P.S.C.)

Equities

QNBK

QA0006929895

Banks

End-of-day quote Qatar Exchange 06:00:00 2024-05-29 pm EDT 5-day change 1st Jan Change
13.5 QAR +4.17% Intraday chart for Qatar National Bank (Q.P.S.C.) -.--% -18.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Capitalization 1 190,178 164,686 186,483 166,256 124,692 - -
Enterprise Value (EV) 1 190,178 164,686 186,483 166,256 124,692 124,692 124,692
P/E ratio 14.2 x 15 x 15.3 x 12.5 x 7.75 x 7.67 x 7.21 x
Yield 2.91% 2.52% 2.72% 3.33% 5.23% 5.55% 5.77%
Capitalization / Revenue 7.54 x 6.48 x 6.67 x 4.81 x 3.1 x 3.12 x 3.05 x
EV / Revenue 7.54 x 6.48 x 6.67 x 4.81 x 3.1 x 3.12 x 3.05 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 2.58 x 2.17 x 2.36 x 1.95 x 1.28 x 1.17 x 1.08 x
Nbr of stocks (in thousands) 9,236,429 9,236,429 9,236,429 9,236,429 9,236,429 - -
Reference price 2 20.59 17.83 20.19 18.00 13.50 13.50 13.50
Announcement Date 1/14/20 1/12/21 1/11/22 1/11/23 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net sales 1 25,235 25,430 27,943 34,560 40,230 39,971 40,935
EBITDA - - - - - - -
EBIT 1 18,525 19,148 21,572 27,559 31,132 30,585 31,154
Operating Margin 73.41% 75.3% 77.2% 79.74% 77.39% 76.52% 76.11%
Earnings before Tax (EBT) 1 15,643 13,184 14,666 18,914 23,550 22,286 23,242
Net income 1 14,351 12,003 13,211 14,349 18,465 17,913 17,993
Net margin 56.87% 47.2% 47.28% 41.52% 45.9% 44.81% 43.95%
EPS 2 1.450 1.190 1.320 1.440 1.742 1.761 1.874
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.6000 0.4500 0.5500 0.6000 0.7055 0.7496 0.7788
Announcement Date 1/14/20 1/12/21 1/11/22 1/11/23 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 7,461 7,533 8,467 - - 9,164 9,040 10,297 10,300 10,063 10,249 10,311
EBITDA - - - - - - - - - - - -
EBIT 5,818 5,909 6,760 - 7,390 7,109 7,250 - 8,007 - - -
Operating Margin 77.98% 78.44% 79.84% - - 77.58% 80.2% - 77.73% - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income 1 2,951 3,616 3,890 3,967 3,364 3,882 3,723 4,268 - 4,948 5,018 5,075
Net margin 39.55% 48% 45.95% - - 42.36% 41.19% 41.45% - 49.17% 48.96% 49.22%
EPS 2 - - - - - - 0.3700 0.4300 - 0.4156 0.4232 0.4348
Dividend per Share 2 - - - - - - - - - - - 0.7000
Announcement Date 1/11/22 4/11/22 7/7/22 10/10/22 1/11/23 4/10/23 7/10/23 10/10/23 4/8/24 - - -
1QAR in Million2QAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 20.4% 16.1% 17.1% 17.5% 18% 16.3% 15.2%
ROA (Net income/ Total Assets) 1.59% 1.22% 1.25% 1.26% 1.34% 1.25% 1.23%
Assets 1 903,422 984,891 1,059,025 1,141,126 1,382,926 1,428,901 1,464,003
Book Value Per Share 2 7.970 8.210 8.550 9.210 10.50 11.60 12.50
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 1/14/20 1/12/21 1/11/22 1/11/23 - - -
1QAR in Million2QAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
13.5 QAR
Average target price
18.26 QAR
Spread / Average Target
+35.27%
Consensus
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  4. Financials Qatar National Bank (Q.P.S.C.)