Financials Arab National Bank

Equities

1080

SA0007879105

Banks

End-of-day quote Saudi Arabian S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
28.6 SAR +0.35% Intraday chart for Arab National Bank -2.39% +13.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 41,100 30,150 34,290 48,075 37,950 42,900 - -
Enterprise Value (EV) 1 41,100 30,150 34,290 48,075 37,950 42,900 42,900 42,900
P/E ratio 13.6 x 14.6 x 15.8 x 15.6 x 9.34 x 9.67 x 9.55 x 9.17 x
Yield 3.65% 4.98% 3.5% - 5.34% 5.33% 5.46% 5.7%
Capitalization / Revenue 6.1 x 5.18 x 5.95 x 7.01 x 4.43 x 4.75 x 4.5 x 4.3 x
EV / Revenue 6.1 x 5.18 x 5.95 x 7.01 x 4.43 x 4.75 x 4.5 x 4.3 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.45 x 1.01 x 1.1 x 1.49 x 1.08 x 1.13 x 1.07 x 1.01 x
Nbr of stocks (in thousands) 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 - -
Reference price 2 27.40 20.10 22.86 32.05 25.30 28.60 28.60 28.60
Announcement Date 2/26/20 2/25/21 2/24/22 2/23/23 2/14/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,733 5,824 5,765 6,862 8,567 9,040 9,527 9,980
EBITDA - - - - - - - -
EBIT 1 4,530 3,778 3,563 4,405 5,719 6,170 6,729 7,124
Operating Margin 67.28% 64.86% 61.81% 64.19% 66.76% 68.25% 70.63% 71.38%
Earnings before Tax (EBT) 1 3,023 2,572 2,622 3,633 4,747 5,197 5,460 5,764
Net income 1 3,023 2,072 2,177 3,070 4,071 4,429 4,578 4,793
Net margin 44.9% 35.58% 37.76% 44.74% 47.51% 49% 48.05% 48.03%
EPS 2 2.020 1.380 1.450 2.050 2.710 2.958 2.996 3.119
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.000 1.000 0.8000 - 1.350 1.524 1.561 1.630
Announcement Date 2/26/20 2/25/21 2/24/22 2/23/23 2/14/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 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 1 - 1,479 1,348 1,454 1,674 1,815 1,919 2,180 2,088 2,202 2,096 2,213 2,181 2,215 2,290
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - 928.4 766.3 879.9 1,099 1,220 1,206 1,521 1,414 1,479 1,305 1,519 - - -
Operating Margin - 62.76% 56.84% 60.49% 65.68% 67.19% 62.84% 69.78% 67.74% 67.17% 62.23% 68.64% - - -
Earnings before Tax (EBT) 1 - 764.6 572.3 - 838.6 1,068 953.2 1,233 1,163 1,246 1,105 1,262 - - -
Net income 1 1,055 665.4 456.8 650.7 707.7 921.1 790.9 1,068 986 1,076 940.7 1,113 - - -
Net margin - 44.98% 33.88% 44.74% 42.29% 50.74% 41.22% 48.99% 47.23% 48.86% 44.87% 50.29% - - -
EPS 2 - 0.4500 0.3000 0.4300 0.4700 0.6100 0.5300 0.7100 0.6600 0.7200 0.6200 0.6800 0.6700 0.6700 0.7100
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/4/21 10/25/21 2/24/22 4/26/22 8/4/22 11/1/22 2/23/23 4/27/23 7/30/23 10/22/23 2/14/24 - - - -
1SAR in Million2SAR
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) 12.9% 7.14% 7.16% 9.68% 12.1% 12.2% 12% 11.9%
ROA (Net income/ Total Assets) 1.96% 1.14% 1.17% 1.52% 1.88% 1.98% 1.9% 1.81%
Assets 1 154,452 181,917 186,451 202,560 216,655 223,516 241,467 264,829
Book Value Per Share 2 18.90 19.80 20.70 21.60 23.40 25.20 26.70 28.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/26/20 2/25/21 2/24/22 2/23/23 2/14/24 - - -
1SAR in Million2SAR
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
OUTPERFORM
Number of Analysts
9
Last Close Price
28.6 SAR
Average target price
31.73 SAR
Spread / Average Target
+10.96%
Consensus
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