Financials Capital Bank of Jordan

Equities

CAPL

JO1101711017

Banks

End-of-day quote Amman S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
1.96 ^JOD	0.00%		-1.01%	-3.92%

Feb. 19	Capital Bank of Jordan Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Capital Bank of Jordan Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	406	641.8	536.6	515.6	-	-
Enterprise Value (EV) ¹	406	641.8	536.6	515.6	515.6	515.6
P/E ratio	5.15 x	6.35 x	7.47 x	5.3 x	4.17 x	3.5 x
Yield	-	-	-	9.18%	11.2%	14.3%
Capitalization / Revenue	-	3.05 x	1.55 x	1.45 x	1.28 x	1.15 x
EV / Revenue	-	3.05 x	1.55 x	1.45 x	1.28 x	1.15 x
EV / EBITDA	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	-	-	0.73 x	0.67 x	0.61 x
Nbr of stocks (in thousands)	200,000	263,037	263,037	263,037	-	-
Reference price ²	2.030	2.440	2.040	1.960	1.960	1.960
Announcement Date	2/10/22	2/7/23	2/19/24	-	-	-

¹JOD in Million²JOD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	210.6	346.9	356	403	448
EBITDA	-	-	-	-	-	-
EBIT ¹	-	103.4	211.6	213	250	285
Operating Margin	-	49.1%	61.01%	59.83%	62.03%	63.62%
Earnings before Tax (EBT) ¹	-	96.94	127.5	159	197	235
Net income ¹	78.81	86.82	71.85	103	128	151
Net margin	-	41.23%	20.71%	28.93%	31.76%	33.71%
EPS ²	0.3940	0.3840	0.2730	0.3700	0.4700	0.5600
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.1800	0.2200	0.2800
Announcement Date	2/10/22	2/7/23	2/19/24	-	-	-

¹JOD in Million²JOD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3
Net sales ¹	-	51.94	66.49	68.66	81.04	94.98
EBITDA	-	-	-	-	-	-
EBIT ¹	-	23	32.87	40.81	50.54	61.83
Operating Margin	-	44.29%	49.44%	59.45%	62.36%	65.1%
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income ¹	18.52	-	-	23.03	18.42	19.48
Net margin	-	-	-	33.54%	22.73%	20.51%
EPS	0.0930	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	8/30/22	11/2/22	2/7/23	4/30/23	8/1/23	10/31/23

¹JOD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	-	17.8%	21.1%	24.1%
ROA (Net income/ Total Assets)	-	-	-	1.3%	1.5%	1.7%
Assets ¹	-	-	-	7,923	8,533	8,882
Book Value Per Share ²	-	-	-	2.690	2.940	3.210
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	2/10/22	2/7/23	2/19/24	-	-	-

¹JOD in Million²JOD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Capital Bank of Jordan

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.96 JOD

Average target price

4 JOD

Spread / Average Target

+104.08%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Commercial Banks

	1st Jan change	Capi.
CAPITAL BANK OF JORDAN	-3.92%	727M
AGRICULTURAL BANK OF CHINA LIMITED	+16.61%	210B
PT BANK CENTRAL ASIA TBK	+2.39%	73.14B
ANZ GROUP HOLDINGS LIMITED	+7.99%	54.82B
CRÉDIT AGRICOLE S.A.	+13.25%	47B
INDUSTRIAL BANK CO., LTD.	+1.36%	47.1B
CHINA CITIC BANK CO., LTD.	+19.29%	44.81B
JAPAN POST BANK CO., LTD.	+10.93%	36.6B
QATAR NATIONAL BANK (Q.P.S.C.)	-16.21%	35.14B
INVEST BANK	-96.60%	32.24B

Commercial Banks