Stock FAB FIRST ABU DHABI BANK
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Financials First Abu Dhabi Bank

Equities

FAB

AEN000101016

Banks

Market Closed - Abu Dhabi Securities Exchange
Other stock markets
 06:57:08 2024-04-26 am EDT 		5-day change 1st Jan Change
12.46 AED +0.32% Intraday chart for First Abu Dhabi Bank -2.66% -10.74%
Apr. 23 Abu Dhabi Plans Eurobond Issuance MT
Apr. 10 Adani Green Energy in Talks to Borrow $400 Million Offshore Loan MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 165,156 140,625 205,596 188,803 154,134 137,572 - -
Enterprise Value (EV) 1 165,156 140,625 205,596 188,803 154,134 137,572 137,572 137,572
P/E ratio 13.8 x 13.9 x 16.8 x 14.5 x 9.76 x 9.15 x 9.06 x 8.82 x
Yield 4.88% 5.74% 3.72% - - 5.57% 5.6% 5.77%
Capitalization / Revenue 8.16 x 7.57 x 9.48 x 9.06 x 5.61 x 4.84 x 4.69 x 4.54 x
EV / Revenue 8.16 x 7.57 x 9.48 x 9.06 x 5.61 x 4.84 x 4.69 x 4.54 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.54 x 1.3 x 1.82 x 1.64 x - 1.13 x 1.07 x 1.01 x
Nbr of stocks (in thousands) 11,021,482 11,028,526 11,040,265 11,041,106 11,041,106 11,041,106 - -
Reference price 2 14.98 12.75 18.62 17.10 13.96 12.46 12.46 12.46
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/31/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,249 18,574 21,681 20,840 27,471 28,398 29,356 30,277
EBITDA - - - - - - - -
EBIT 1 14,750 13,514 15,845 17,229 20,630 21,235 21,890 22,167
Operating Margin 72.84% 72.76% 73.08% 82.67% 75.1% 74.78% 74.57% 73.21%
Earnings before Tax (EBT) 1 12,907 10,894 13,187 14,390 17,552 18,164 18,598 19,061
Net income 1 12,520 10,555 12,531 13,411 16,405 15,346 15,530 16,246
Net margin 61.83% 56.83% 57.8% 64.35% 59.72% 54.04% 52.9% 53.66%
EPS 2 1.087 0.9193 1.107 1.180 1.430 1.362 1.375 1.413
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.7314 0.7314 0.6919 - - 0.6938 0.6973 0.7184
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/31/24 - - -
1AED in Million2AED
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 - 6,411 5,695 7,264 4,977 5,494 5,911 6,730 6,833 6,976 6,933 7,024 7,063 7,236 7,243
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - 4,824 4,216 5,742 3,662 3,893 3,911 5,043 5,101 5,169 5,317 5,204 - - -
Operating Margin - 75.25% 74.02% 79.05% 73.59% 70.86% 66.16% 74.93% 74.66% 74.1% 76.69% 74.09% - - -
Earnings before Tax (EBT) 1 - - - - - - - - - - - 4,521 - - -
Net income 1 5,354 3,854 3,324 5,120 2,906 2,923 2,462 3,929 4,211 4,255 4,011 3,757 3,737 3,812 3,845
Net margin - 60.11% 58.36% 70.49% 58.38% 53.2% 41.66% 58.38% 61.63% 61% 57.85% 53.49% 52.91% 52.68% 53.08%
EPS 2 - - - - - - 0.2200 0.3400 0.3800 0.3600 0.3600 0.3256 0.3438 0.3394 0.3508
Dividend per Share 2 - - - - - - - - - - - - - - 0.7643
Announcement Date 7/28/21 10/28/21 1/27/22 4/28/22 7/28/22 10/26/22 1/26/23 4/27/23 7/20/23 10/19/23 1/31/24 - - - -
1AED in Million2AED
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% 9.76% 11.3% 11.8% - 12.8% 12.2% 11.8%
ROA (Net income/ Total Assets) 1.6% 1.21% 1.31% 1.27% - 1.26% 1.21% 1.18%
Assets 1 782,904 870,515 959,503 1,055,584 - 1,222,759 1,283,444 1,374,436
Book Value Per Share 2 9.760 9.840 10.20 10.40 - 11.00 11.60 12.40
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/31/24 - - -
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

Ratings for First Abu Dhabi Bank

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
12.46 AED
Average target price
15.3 AED
Spread / Average Target
+22.82%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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