Financials Abu Dhabi Islamic Bank - Egypt - S.A.E

Equities

ADIB

EGS60111C019

Banks

End-of-day quote Egyptian Exchange 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
34.96 EGP +1.07% Intraday chart for Abu Dhabi Islamic Bank - Egypt - S.A.E -12.07% -12.58%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,464 2,390 3,154 7,188 19,995 17,480 - -
Enterprise Value (EV) 1 2,464 2,390 3,154 7,188 19,995 17,480 17,480 17,480
P/E ratio 2 x 2.34 x 2.6 x 2.42 x 4.61 x 2.65 x 2.39 x 2.01 x
Yield - - - - - 5.78% 12% 16.9%
Capitalization / Revenue 0.66 x 0.64 x 0.74 x 1.19 x 1.85 x 1.24 x 1.11 x 0.92 x
EV / Revenue 0.66 x 0.64 x 0.74 x 1.19 x 1.85 x 1.24 x 1.11 x 0.92 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.57 x 0.43 x 0.46 x 0.81 x - 0.9 x 0.69 x 0.48 x
Nbr of stocks (in thousands) 200,000 200,000 200,000 400,000 500,000 500,000 - -
Reference price 2 12.32 11.95 15.77 17.97 39.99 34.96 34.96 34.96
Announcement Date 2/18/20 2/21/21 2/20/22 2/13/23 2/14/24 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,706 3,743 4,259 6,028 10,779 14,052 15,680 18,969
EBITDA - - - - - - - -
EBIT 1 2,083 2,338 2,332 4,499 8,085 10,887 12,251 14,042
Operating Margin 56.19% 62.47% 54.76% 74.63% 75% 77.48% 78.13% 74.02%
Earnings before Tax (EBT) 1 1,708 1,752 2,281 3,306 6,535 9,384 11,025 12,872
Net income 1 1,229 1,190 1,450 2,196 4,671 6,601 7,596 8,111
Net margin 33.17% 31.79% 34.05% 36.43% 43.33% 46.98% 48.44% 42.76%
EPS 2 6.147 5.110 6.070 7.420 8.670 13.18 14.64 17.35
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 2.020 4.198 5.900
Announcement Date 2/18/20 2/21/21 2/20/22 2/13/23 2/14/24 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 1,047 1,279 1,252 1,362 1,522 2,354 2,677 2,797 3,019 3,297
EBITDA - - - - - - - - - -
EBIT 1 599.6 670.8 729.9 1,019 - 1,666 2,119 2,247 2,120 2,582
Operating Margin 57.27% 52.47% 58.28% 74.81% - 70.77% 79.15% 80.35% 70.23% 78.31%
Earnings before Tax (EBT) - - - - - - - - - -
Net income 1 - 380.9 446.3 577.6 - 1,005 1,159 1,387 1,119 1,228
Net margin - 29.79% 35.64% 42.42% - 42.69% 43.31% 49.58% 37.06% 37.25%
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 11/15/21 2/20/22 5/15/22 8/10/22 11/4/22 5/14/23 8/13/23 10/30/23 2/14/24 -
1EGP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 32.9% 24.3% 23.4% 27.9% - 38.3% 32.9% 29.8%
ROA (Net income/ Total Assets) 2.24% 1.78% 1.77% 2.12% - 3.7% 3.71% 3.24%
Assets 1 54,864 66,776 81,870 103,417 - 178,405 204,749 250,734
Book Value Per Share 2 21.60 27.60 34.50 22.20 - 38.70 50.60 72.40
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/18/20 2/21/21 2/20/22 2/13/23 2/14/24 - - -
1EGP in Million2EGP
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
6
Last Close Price
34.96 EGP
Average target price
56.2 EGP
Spread / Average Target
+60.76%
Consensus

Quarterly revenue - Rate of surprise

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