Financials Gulf Bank K.S.C.P.

Equities

GBK

KW0EQ0100028

Banks

End-of-day quote Kuwait S.E. 18:00:00 2024-04-24 EDT 5-day change 1st Jan Change
0.257 KWD 0.00% Intraday chart for Gulf Bank K.S.C.P. -1.91% -3.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 878.1 652.3 840.1 1,005 1,018 977.2 - -
Enterprise Value (EV) 1 878.1 652.3 840.1 1,005 1,018 977.2 977.2 977.2
P/E ratio 13.8 x 21.9 x 19.9 x 16.5 x 13.4 x 12.3 x 11 x 10.8 x
Yield 3.63% 2.28% 2.51% - - 3.7% 4.26% 3.7%
Capitalization / Revenue 4.23 x 4.12 x 4.94 x 5.55 x 5.35 x 4.7 x 4.46 x 4.12 x
EV / Revenue 4.23 x 4.12 x 4.94 x 5.55 x 5.35 x 4.7 x 4.46 x 4.12 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.32 x 1.01 x 1.26 x 1.39 x - 1.12 x 1.08 x 1 x
Nbr of stocks (in thousands) 3,354,952 3,448,268 3,485,757 3,528,589 3,802,502 3,802,502 - -
Reference price 2 0.2617 0.1892 0.2410 0.2848 0.2676 0.2570 0.2570 0.2570
Announcement Date 20-02-09 21-02-11 22-02-10 23-02-02 24-02-12 - - -
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 207.6 158.3 170.1 181.1 190.3 208 219 237
EBITDA - - - - - - - -
EBIT 1 129.6 94.34 91.88 94.85 103.4 118 127 144
Operating Margin 62.44% 59.61% 54.03% 52.39% 54.35% 56.73% 57.99% 60.76%
Earnings before Tax (EBT) 1 66.77 30.29 44.27 64.9 74.86 83 90.95 100
Net income 1 63.64 28.8 42.1 61.8 71.21 79.2 84.55 91.4
Net margin 30.65% 18.2% 24.76% 34.14% 37.43% 38.08% 38.61% 38.57%
EPS 2 0.0190 0.008640 0.0121 0.0172 0.0200 0.0210 0.0233 0.0238
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.009500 0.004320 0.006050 - - 0.009520 0.0110 0.009520
Announcement Date 20-02-09 21-02-11 22-02-10 23-02-02 24-02-12 - - -
1KWD in Million2KWD
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 - 42.28 44.53 41.52 43.81 46.98 48.75 46.38 45.88 47.87 50.14 51
EBITDA - - - - - - - - - - - -
EBIT 1 - 23.34 25.43 21.73 22.35 25.35 25.42 24.98 24.34 25.93 28.17 30
Operating Margin - 55.21% 57.1% 52.34% 51% 53.96% 52.16% 53.85% 53.05% 54.16% 56.19% 58.82%
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income 1 16.52 10.97 14.61 15.05 15.24 15.43 16.08 17.3 18.54 17.98 17.38 19
Net margin - 25.95% 32.81% 36.24% 34.79% 32.85% 32.99% 37.31% 40.42% 37.57% 34.67% 37.25%
EPS - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 21-07-28 21-10-25 22-02-10 22-04-26 22-07-28 22-10-19 23-02-02 23-04-26 23-07-27 23-10-19 24-02-12 -
1KWD 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) 9.84% 4.6% 6.5% 8.92% - 9.55% 9.9% 9.7%
ROA (Net income/ Total Assets) 1.04% 0.47% 0.66% 0.92% - 1.1% 1.06% 1.1%
Assets 1 6,131 6,127 6,334 6,704 - 7,200 7,976 8,309
Book Value Per Share 2 0.2000 0.1900 0.1900 0.2100 - 0.2300 0.2400 0.2600
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 20-02-09 21-02-11 22-02-10 23-02-02 24-02-12 - - -
1KWD in Million2KWD
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
3
Last Close Price
0.257 KWD
Average target price
0.3448 KWD
Spread / Average Target
+34.15%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. GBK Stock
  4. Financials Gulf Bank K.S.C.P.