BANK ALBILAD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35.7 SAR | +0.28% |
|
-0.39% | -1.82% |
| May. 02 | Securities Depository Center Implements Securities Increase for Bank Albilad | MT |
| Apr. 30 | Saudi Exchange Sets Fluctuation Limits for Bank Albilad's Capital Increase | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,175 | 21,262 | 34,762 | 44,450 | 45,450 | 44,688 | - | - |
| Enterprise Value (EV) 1 | 20,175 | 21,262 | 34,762 | 44,450 | 45,450 | 44,688 | 44,688 | 44,688 |
| P/E ratio | 16.1 x | 15.7 x | 20.5 x | 21.3 x | 19.1 x | 16.5 x | 14.8 x | 13.2 x |
| Yield | 3.35% | 1.76% | - | 1.12% | - | 1.57% | 1.79% | 2.16% |
| Capitalization / Revenue | 5.11 x | 4.99 x | 7.58 x | 8.56 x | 8.57 x | 7.5 x | 6.9 x | 6.1 x |
| EV / Revenue | 5.11 x | 4.99 x | 7.58 x | 8.56 x | 8.57 x | 7.5 x | 6.9 x | 6.1 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 2.13 x | 1.98 x | 2.9 x | 3.32 x | - | 2.55 x | 2.29 x | 2.02 x |
| Nbr of stocks (in thousands) | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | - | - |
| Reference price 2 | 16.14 | 17.01 | 27.81 | 35.56 | 36.36 | 35.75 | 35.75 | 35.75 |
| Announcement Date | 2/12/20 | 2/7/21 | 2/3/22 | 2/2/23 | 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 | 3,945 | 4,262 | 4,584 | 5,191 | 5,303 | 5,956 | 6,474 | 7,322 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,922 | 2,196 | 2,450 | 2,871 | 2,965 | 3,432 | 3,846 | 4,449 |
| Operating Margin | 48.72% | 51.53% | 53.44% | 55.31% | 55.91% | 57.61% | 59.4% | 60.77% |
| Earnings before Tax (EBT) 1 | 1,387 | 1,502 | 1,880 | 2,321 | 2,641 | 3,049 | 3,276 | 3,790 |
| Net income 1 | 1,244 | 1,348 | 1,686 | 2,082 | 2,369 | 2,665 | 2,966 | 3,391 |
| Net margin | 31.52% | 31.64% | 36.79% | 40.1% | 44.67% | 44.74% | 45.81% | 46.31% |
| EPS 2 | 1.002 | 1.086 | 1.356 | 1.672 | 1.904 | 2.171 | 2.421 | 2.715 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.5400 | 0.3000 | - | 0.4000 | - | 0.5620 | 0.6384 | 0.7707 |
| Announcement Date | 2/12/20 | 2/7/21 | 2/3/22 | 2/2/23 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,174 | 1,145 | 1,265 | 1,253 | 1,325 | 1,349 | 1,336 | 1,294 | 1,336 | 1,337 | 1,341 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 643.8 | 598.5 | 706.1 | 690.1 | 734.8 | 740.4 | 753 | 728.6 | 759.5 | 723.7 | 768.5 |
| Operating Margin | - | 54.82% | 52.25% | 55.84% | 55.09% | 55.44% | 54.9% | 56.38% | 56.3% | 56.86% | 54.12% | 57.29% |
| Earnings before Tax (EBT) | - | 501.3 | 477.1 | - | 569.7 | 602.7 | 601.7 | 624.2 | 653.2 | 686.9 | - | - |
| Net income 1 | 808.8 | 449.7 | 428 | 490.3 | 511 | 540.6 | 539.8 | 559.9 | 585.9 | 616.2 | 607 | 643.1 |
| Net margin | - | 38.29% | 37.36% | 38.77% | 40.79% | 40.79% | 40.02% | 41.92% | 45.28% | 46.13% | 45.39% | 47.94% |
| EPS 2 | - | 0.3660 | 0.3360 | - | - | 0.4320 | 0.4320 | 0.4480 | 0.4720 | 0.4960 | 0.4880 | 0.5200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/5/21 | 10/20/21 | 2/3/22 | 4/27/22 | 7/27/22 | 10/31/22 | 2/2/23 | 4/27/23 | 8/1/23 | 10/30/23 | 2/14/24 | 4/29/24 |
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) | 14.4% | 13.4% | 14.8% | 16.4% | - | 16.7% | 15.7% | 16.2% |
| ROA (Net income/ Total Assets) | 1.56% | 1.48% | 1.63% | 1.73% | - | 1.77% | 1.76% | 1.78% |
| Assets 1 | 79,855 | 90,875 | 103,301 | 120,197 | - | 150,294 | 168,118 | 190,844 |
| Book Value Per Share 2 | 7.580 | 8.580 | 9.580 | 10.70 | - | 14.00 | 15.60 | 17.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 2/7/21 | 2/3/22 | 2/2/23 | 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
B-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
6
Last Close Price
35.75
SAR
Average target price
34.05
SAR
Spread / Average Target
-4.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.82% | 11.77B | |
| -2.72% | 59.03B | |
| +8.09% | 38.66B | |
| +7.86% | 21.74B | |
| +15.22% | 11.19B | |
| +4.06% | 7.99B | |
| +51.72% | 7.51B | |
| -5.39% | 6.38B | |
| -3.12% | 5.54B | |
| +8.29% | 4.37B |
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- Financials Bank Albilad
