ABU DHABI ISLAMIC BANK |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.8 AED | -0.51% |
|
-1.99% | +16.60% |
| Apr. 25 | Abu Dhabi Islamic Bank Resumes Trading on Abu Dhabi Bourse | MT |
| Apr. 25 | UAE Stocks Close Mixed on Busy Earnings Day | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,576 | 17,070 | 24,952 | 33,088 | 36,756 | 43,076 | - | - |
| Enterprise Value (EV) 1 | 19,576 | 17,070 | 24,952 | 33,088 | 36,756 | 43,076 | 43,076 | 43,076 |
| P/E ratio | - | - | 12 x | 9.96 x | 7.88 x | 8.75 x | 8.89 x | 8.65 x |
| Yield | 5.08% | 4.38% | 4.51% | - | 7.02% | 6.14% | 6.04% | 6.21% |
| Capitalization / Revenue | 3.31 x | 3.19 x | 4.76 x | 5.59 x | 3.95 x | 4.22 x | 4.13 x | 4.01 x |
| EV / Revenue | 3.31 x | 3.19 x | 4.76 x | 5.59 x | 3.95 x | 4.22 x | 4.13 x | 4.01 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.03 x | 0.89 x | 1.58 x | 1.47 x | 1.8 x | 1.92 x | 1.74 x | 1.59 x |
| Nbr of stocks (in thousands) | 3,632,000 | 3,632,000 | 3,632,000 | 3,632,000 | 3,632,000 | 3,632,000 | - | - |
| Reference price 2 | 5.390 | 4.700 | 6.870 | 9.110 | 10.12 | 11.86 | 11.86 | 11.86 |
| Announcement Date | 2/13/20 | 2/14/21 | 2/7/22 | 1/30/23 | 1/23/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,915 | 5,358 | 5,244 | 5,920 | 9,294 | 10,207 | 10,422 | 10,743 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,262 | 2,908 | 2,984 | 3,533 | 6,156 | 6,984 | 7,143 | 7,365 |
| Operating Margin | 55.15% | 54.28% | 56.9% | 59.68% | 66.24% | 68.42% | 68.54% | 68.55% |
| Earnings before Tax (EBT) 1 | - | - | 2,345 | 3,680 | 5,472 | 6,160 | 6,426 | 6,585 |
| Net income 1 | - | 1,603 | 2,329 | 3,587 | 5,000 | 5,125 | 5,021 | 5,197 |
| Net margin | - | 29.91% | 44.41% | 60.6% | 53.8% | 50.22% | 48.17% | 48.37% |
| EPS 2 | - | - | 0.5710 | 0.9150 | 1.284 | 1.355 | 1.335 | 1.371 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2738 | 0.2058 | 0.3100 | - | 0.7100 | 0.7287 | 0.7164 | 0.7370 |
| Announcement Date | 2/13/20 | 2/14/21 | 2/7/22 | 1/30/23 | 1/23/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 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 | 2,538 | 1,285 | 1,325 | 1,358 | 1,617 | 1,620 | 1,448 | 2,228 | 2,430 | 2,599 | 2,517 | 2,543 | 2,601 | 2,685 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 754.2 | 1,902 | 775.1 | 1,078 | 932.6 | 722 | 1,509 | 1,690 | 1,724 | 1,752 | - | - | - |
| Operating Margin | - | 58.68% | 143.55% | 57.08% | 66.66% | 57.56% | 49.86% | 67.73% | 69.55% | 66.31% | 69.6% | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | 731.8 | - | 1,215 | - | 1,286 | 1,488 | 1,534 | 1,643 | 1,584 | 1,607 | 1,616 |
| Net income 1 | 587.1 | 727.7 | 715 | 725.9 | 1,010 | 1,137 | 1,059 | 1,168 | 1,355 | 1,419 | 1,357 | 1,235 | 1,235 | 1,277 |
| Net margin | 23.13% | 56.62% | 53.97% | 53.45% | 62.43% | 70.15% | 73.14% | 52.44% | 55.74% | 54.57% | 53.91% | 48.57% | 47.49% | 47.58% |
| EPS 2 | - | - | - | - | - | - | 0.2600 | 0.3040 | 0.3460 | 0.3700 | 0.3460 | 0.3310 | 0.3266 | 0.3414 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.7500 |
| Announcement Date | 8/12/20 | 2/7/22 | 4/27/22 | 7/20/22 | 10/25/22 | 1/30/23 | 4/26/23 | 7/27/23 | 10/25/23 | 1/23/24 | 4/24/24 | - | - | - |
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) | 14.1% | 8.38% | 14.3% | 16.7% | 21% | 23.2% | 20.9% | 19.7% |
| ROA (Net income/ Total Assets) | 2.07% | 1.26% | 1.76% | 2.35% | 2.77% | 2.57% | 2.39% | 2.27% |
| Assets 1 | - | 126,906 | 132,314 | 152,692 | 180,672 | 199,484 | 210,497 | 228,700 |
| Book Value Per Share 2 | 5.260 | 5.270 | 4.350 | 6.190 | 5.610 | 6.190 | 6.810 | 7.440 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/13/20 | 2/14/21 | 2/7/22 | 1/30/23 | 1/23/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
11.86
AED
Average target price
13.56
AED
Spread / Average Target
+14.35%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.60% | 11.73B | |
| -9.31% | 56.11B | |
| +11.09% | 39.98B | |
| +1.88% | 20.93B | |
| -3.19% | 11.73B | |
| +6.18% | 8.21B | |
| +35.06% | 6.73B | |
| -9.57% | 6.13B | |
| -4.03% | 5.44B | |
| -2.71% | 4.32B |
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- Financials Abu Dhabi Islamic Bank
