Financials Abu Dhabi Islamic Bank

Equities

ADIB

AEA000801018

Banks

Market Closed - Abu Dhabi Securities Exchange 06:57:23 2024-04-26 am EDT 5-day change 1st Jan Change
11.2 AED -0.88% Intraday chart for Abu Dhabi Islamic Bank +1.82% +10.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,576 17,070 24,952 33,088 36,756 40,678 - -
Enterprise Value (EV) 1 19,576 17,070 24,952 33,088 36,756 13,317 11,177 8,696
P/E ratio - - 12 x 9.96 x 7.88 x 8.55 x 8.66 x 8.39 x
Yield 5.08% 4.38% 4.51% - 7.02% 6.25% 6.14% 6.34%
Capitalization / Revenue 3.31 x 3.19 x 4.76 x 5.59 x 3.95 x 4.01 x 3.97 x 3.87 x
EV / Revenue 3.31 x 3.19 x 4.76 x 5.59 x 3.95 x 1.31 x 1.09 x 0.83 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.03 x 0.89 x 1.58 x 1.47 x 1.8 x 1.85 x 1.66 x 1.53 x
Nbr of stocks (in thousands) 3,632,000 3,632,000 3,632,000 3,632,000 3,632,000 3,632,000 - -
Reference price 2 5.390 4.700 6.870 9.110 10.12 11.20 11.20 11.20
Announcement Date 2/13/20 2/14/21 2/7/22 1/30/23 1/23/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,915 5,358 5,244 5,920 9,294 10,152 10,240 10,508
EBITDA - - - - - - - -
EBIT 1 3,262 2,908 2,984 3,533 6,156 6,812 6,910 7,013
Operating Margin 55.15% 54.28% 56.9% 59.68% 66.24% 67.1% 67.49% 66.74%
Earnings before Tax (EBT) 1 - - 2,345 3,680 5,472 6,008 6,194 6,317
Net income 1 - 1,603 2,329 3,587 5,000 5,068 4,819 5,026
Net margin - 29.91% 44.41% 60.6% 53.8% 49.92% 47.07% 47.83%
EPS 2 - - 0.5710 0.9150 1.284 1.310 1.293 1.336
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2738 0.2058 0.3100 - 0.7100 0.7000 0.6881 0.7105
Announcement Date 2/13/20 2/14/21 2/7/22 1/30/23 1/23/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 2,538 1,285 1,325 1,358 1,617 1,620 1,448 2,228 2,430 2,599 2,517 - - -
EBITDA - - - - - - - - - - - - - -
EBIT - 754.2 1,902 775.1 1,078 932.6 722 1,509 1,690 1,724 1,752 - - -
Operating Margin - 58.68% 143.55% 57.08% 66.66% 57.56% 49.86% 67.73% 69.55% 66.31% 69.6% - - -
Earnings before Tax (EBT) 1 - - - 731.8 - 1,215 - 1,286 1,488 1,534 1,643 1,442 1,485 1,633
Net income 1 587.1 727.7 715 725.9 1,010 1,137 1,059 1,168 1,355 1,419 1,357 1,107 1,119 1,235
Net margin 23.13% 56.62% 53.97% 53.45% 62.43% 70.15% 73.14% 52.44% 55.74% 54.57% 53.91% - - -
EPS 2 - - - - - - 0.2600 0.3040 0.3460 0.3700 0.3460 0.2959 0.2946 0.3298
Dividend per Share 2 - - - - - - - - - - - - - 0.7100
Announcement Date 8/12/20 2/7/22 4/27/22 7/20/22 10/25/22 1/30/23 4/26/23 7/27/23 10/25/23 1/23/24 4/24/24 - - -
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - - 27,361 29,501 31,982
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.1% 8.38% 14.3% 16.7% 21% 22.3% 19.8% 19%
ROA (Net income/ Total Assets) 2.07% 1.26% 1.76% 2.35% 2.77% 2.59% 2.35% 2.26%
Assets 1 - 126,906 132,314 152,692 180,672 195,487 205,293 222,385
Book Value Per Share 2 5.260 5.270 4.350 6.190 5.610 6.040 6.750 7.310
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/13/20 2/14/21 2/7/22 1/30/23 1/23/24 - - -
1AED in Million2AED
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
11.2 AED
Average target price
13.15 AED
Spread / Average Target
+17.41%
Consensus
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