Al Baraka Bank Egypt S.A.E. (EGX: SAUD) is an Egyptian bank providing corporate and retail banking services domestically and internationally.
Financial Overview:
• Market Capitalization: Approximately EGP 8.81 billion.
• Revenue (2024): EGP 6.46 billion, a 37.59% increase from the previous year.
• Net Profit (2024): EGP 2.59 billion, up 36.74% from the prior year.
• Earnings Per Share (EPS): EGP 3.56.
Dividend Information:
The bank announced an annual dividend of EGP 0.85 per share for the 2024 earnings, with a yield of 7.02%. The ex-dividend date is April 14, 2025, and the payment date is April 16, 2025.
Valuation Estimates:
1) Book Value Per Share ( EGP 17.26 per share.)
2) Cairo Capital Securities: Fair value estimate of EGP 23.8 per share.
3) Ostoul Securities Brokerage: Fair value estimate of EGP 15.17 per share, based on the sector's P/E ratio.
Financial Ratios:
• Return on Equity (ROE): 26.97%.
• Price-to-Earnings (P/E) Ratio: 3.41.
• Price-to-Book (P/B) Ratio: 0.69.
Technical Analysis:
• The current Stock Price is below Book Value Per Share and close to 200-day EMA.
• 52-Week Range: EGP 9.97 to EGP 14.80
o Wyckoff Theory: The stock has been in an accumulation phase since May 2024, indicating potential for upward movement.
o Elliot Wave Analysis: Currently in wave 5, with a target price (TP) of EGP 18.30.
o Gann Analysis: Projects a TP of EGP 26.60 by June 2025.
Price Targets:
• TP1 (Point of Control): EGP 14.00
• TP2 (Elliot Wave Analysis): EGP 18.30
• TP3 (Gann Analysis): EGP 26.60 by June 2025.
Please note that financial markets are subject to volatility. It's advisable to consult with a financial advisor before making investment decisions.
Financial Overview:
• Market Capitalization: Approximately EGP 8.81 billion.
• Revenue (2024): EGP 6.46 billion, a 37.59% increase from the previous year.
• Net Profit (2024): EGP 2.59 billion, up 36.74% from the prior year.
• Earnings Per Share (EPS): EGP 3.56.
Dividend Information:
The bank announced an annual dividend of EGP 0.85 per share for the 2024 earnings, with a yield of 7.02%. The ex-dividend date is April 14, 2025, and the payment date is April 16, 2025.
Valuation Estimates:
1) Book Value Per Share ( EGP 17.26 per share.)
2) Cairo Capital Securities: Fair value estimate of EGP 23.8 per share.
3) Ostoul Securities Brokerage: Fair value estimate of EGP 15.17 per share, based on the sector's P/E ratio.
Financial Ratios:
• Return on Equity (ROE): 26.97%.
• Price-to-Earnings (P/E) Ratio: 3.41.
• Price-to-Book (P/B) Ratio: 0.69.
Technical Analysis:
• The current Stock Price is below Book Value Per Share and close to 200-day EMA.
• 52-Week Range: EGP 9.97 to EGP 14.80
o Wyckoff Theory: The stock has been in an accumulation phase since May 2024, indicating potential for upward movement.
o Elliot Wave Analysis: Currently in wave 5, with a target price (TP) of EGP 18.30.
o Gann Analysis: Projects a TP of EGP 26.60 by June 2025.
Price Targets:
• TP1 (Point of Control): EGP 14.00
• TP2 (Elliot Wave Analysis): EGP 18.30
• TP3 (Gann Analysis): EGP 26.60 by June 2025.
Please note that financial markets are subject to volatility. It's advisable to consult with a financial advisor before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.