QATAR NATIONAL BANK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29.86 EGP | -0.03% |
|
+4.81% | +6.00% |
| 04-15 | QNB Alahli S.A.E Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 01-14 | QNB Alahli S.A.E Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 46,378 | 38,744 | 38,162 | 37,494 | 60,701 | 64,343 | - | - |
| Enterprise Value (EV) 1 | 46,378 | 38,744 | 38,162 | 37,494 | 60,701 | 64,343 | 64,343 | 64,343 |
| P/E ratio | 6.21 x | 5.84 x | 5.71 x | 4.14 x | 4.29 x | 2.49 x | 2.67 x | 2.36 x |
| Yield | - | - | 4.23% | - | - | 6.5% | 8.11% | 9.47% |
| Capitalization / Revenue | 2.92 x | 2.3 x | 2.14 x | - | 1.7 x | 1.14 x | 1.15 x | 0.99 x |
| EV / Revenue | 2.92 x | 2.3 x | 2.14 x | - | 1.7 x | 1.14 x | 1.15 x | 0.99 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.31 x | 0.98 x | 0.82 x | 0.69 x | 0.91 x | 0.75 x | 0.63 x | 0.52 x |
| Nbr of stocks (in thousands) | 2,154,823 | 2,154,823 | 2,154,823 | 2,154,823 | 2,154,823 | 2,154,823 | - | - |
| Reference price 2 | 21.52 | 17.98 | 17.71 | 17.40 | 28.17 | 29.86 | 29.86 | 29.86 |
| Announcement Date | 1/15/20 | 1/13/21 | 1/11/22 | 1/12/23 | 1/14/24 | - | - | - |
1EGP in Million2EGP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,894 | 16,839 | 17,853 | - | 35,638 | 56,198 | 56,070 | 64,918 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 12,141 | 12,819 | 13,328 | - | 30,595 | 48,945 | 46,656 | 54,448 |
| Operating Margin | 76.38% | 76.13% | 74.65% | - | 85.85% | 87.09% | 83.21% | 83.87% |
| Earnings before Tax (EBT) 1 | 11,444 | 10,568 | 11,135 | 15,491 | 24,922 | 40,298 | 40,968 | 48,333 |
| Net income 1 | 8,522 | 7,492 | 7,627 | 10,350 | 16,228 | 25,379 | 27,316 | 32,438 |
| Net margin | 53.62% | 44.49% | 42.72% | - | 45.54% | 45.16% | 48.72% | 49.97% |
| EPS 2 | 3.468 | 3.080 | 3.100 | 4.200 | 6.570 | 12.00 | 11.20 | 12.63 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | 0.7500 | - | - | 1.940 | 2.422 | 2.827 |
| Announcement Date | 1/15/20 | 1/13/21 | 1/11/22 | 1/12/23 | 1/14/24 | - | - | - |
1EGP in Million2EGP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,882 | 5,603 | 5,609 | - | 7,882 | 8,479 | 9,220 | 10,057 | 14,892 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 3,475 | 4,355 | 4,314 | - | 6,338 | 6,955 | 7,712 | 8,288 | 12,827 |
| Operating Margin | - | 71.18% | 77.73% | 76.91% | - | 80.42% | 82.02% | 83.65% | 82.4% | 86.13% |
| Earnings before Tax (EBT) | - | - | - | - | 3,880 | - | - | - | - | - |
| Net income 1 | 4,098 | 1,620 | 2,208 | 2,546 | 2,577 | 4,715 | 3,950 | 3,859 | 3,704 | 7,042 |
| Net margin | - | 33.18% | 39.41% | 45.39% | - | 59.82% | 46.59% | 41.86% | 36.83% | 47.29% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/12/21 | 1/11/22 | 4/12/22 | 7/8/22 | 10/10/22 | 4/10/23 | 7/10/23 | 10/10/23 | 1/14/24 | 4/15/24 |
1EGP 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) | 26.6% | 20% | 17.7% | 20.6% | 26.9% | 33% | 30.2% | 25.3% |
| ROA (Net income/ Total Assets) | 3.2% | 2.7% | 2.3% | 2.46% | 2.92% | 3.4% | 3.15% | 3.16% |
| Assets 1 | 266,312 | 277,464 | 331,589 | 421,424 | 556,018 | 746,441 | 866,471 | 1,025,438 |
| Book Value Per Share 2 | 16.40 | 18.40 | 21.50 | 25.10 | 30.90 | 40.00 | 47.30 | 57.20 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/15/20 | 1/13/21 | 1/11/22 | 1/12/23 | 1/14/24 | - | - | - |
1EGP in Million2EGP
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
BUY
Number of Analysts
4
Last Close Price
29.86
EGP
Average target price
51.3
EGP
Spread / Average Target
+71.80%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +6.00% | 1.34B | |
| +10.96% | 203B | |
| +5.59% | 73.4B | |
| +8.95% | 56.45B | |
| +8.70% | 49.87B | |
| +36.14% | 44.94B | |
| -0.87% | 41.87B | |
| -11.62% | 37.07B | |
| +5.81% | 33.82B | |
| -96.60% | 32.24B |
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