Financials The National Bank of Bahrain B.S.C.

Equities

NBB

BH0005508773

Banks

End-of-day quote Bahrain Bourse 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
0.535 BHD -0.93% Intraday chart for The National Bank of Bahrain B.S.C. -0.93% -10.08%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 855.8 1,091 1,071 1,236 1,294 1,348
Enterprise Value (EV) 1 639.4 868.9 770.4 1,089 1,049 694.3
P/E ratio 12.1 x 14.6 x 19.9 x 22.8 x 18.9 x 17 x
Yield 4.09% 3.54% 3.17% 3.03% 3.98% 5.04%
Capitalization / Revenue 7.65 x 9.14 x 8.86 x 9.13 x 8.21 x 7.63 x
EV / Revenue 5.72 x 7.28 x 6.37 x 8.05 x 6.66 x 3.93 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.8 x 2.05 x 2.06 x 2.34 x 2.29 x 2.39 x
Nbr of stocks (in thousands) 2,259,535 2,259,535 2,266,075 2,266,075 2,266,075 2,266,075
Reference price 2 0.3788 0.4829 0.4726 0.5455 0.5709 0.5950
Announcement Date 1/29/19 2/12/20 2/17/21 2/23/22 3/1/23 2/27/24
1BHD in Million2BHD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 111.8 119.4 120.9 135.4 157.5 176.6
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 70 74.2 50.7 55 70.7 81.4
Net income 1 70 74.2 53.3 53.9 68.1 79.1
Net margin 62.61% 62.14% 44.09% 39.81% 43.24% 44.79%
EPS 2 0.0313 0.0331 0.0237 0.0239 0.0302 0.0350
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0155 0.0171 0.0150 0.0165 0.0227 0.0300
Announcement Date 1/29/19 2/12/20 2/17/21 2/23/22 3/1/23 2/27/24
1BHD in Million2BHD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q4 2023 Q1 2023 Q3 2023 Q4
Net sales 74.5 - - - - - - -
EBITDA - - - - - - - -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 1 - 8.1 19.4 20 17.3 22.4 18.2 20.1
Net margin - - - - - - - -
EPS 0.0128 - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 7/29/20 2/23/22 5/10/22 8/2/22 3/1/23 5/8/23 11/5/23 2/27/24
1BHD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 216 222 301 147 245 654
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 15.2% 14.7% 9.58% 10.4% 12.7% 14.1%
ROA (Net income/ Total Assets) 2.22% 2.32% 1.34% 1.24% 1.52% 1.6%
Assets 1 3,149 3,195 3,972 4,360 4,489 4,935
Book Value Per Share 2 0.2100 0.2400 0.2300 0.2300 0.2500 0.2500
Cash Flow per Share 2 0.1400 0.1500 0.1600 0.1400 0.2300 0.4800
Capex 1 5.7 15.6 13.9 13.3 13.5 9
Capex / Sales 5.1% 13.07% 11.5% 9.82% 8.57% 5.1%
Announcement Date 1/29/19 2/12/20 2/17/21 2/23/22 3/1/23 2/27/24
1BHD in Million2BHD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
0.535
Average target price
-
Consensus

Annual profits - Rate of surprise

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