Financials Doha Bank Q.P.S.C.

Equities

DHBK

QA0006929770

Banks

End-of-day quote Qatar Exchange 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
1.499 QAR -0.07% Intraday chart for Doha Bank Q.P.S.C. -0.46% -18.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,844 7,339 9,921 6,055 5,674 4,648 - -
Enterprise Value (EV) 1 7,844 7,339 9,921 6,055 5,674 4,648 4,648 4,648
P/E ratio 14.9 x 14.8 x 13.9 x 7.81 x 7.32 x 7.39 x 7.17 x 6.43 x
Yield - - 2.34% 3.84% 4.1% 5.6% 6.74% 8.04%
Capitalization / Revenue 2.82 x 2.5 x 3.19 x 2.08 x 2.01 x 1.66 x 1.62 x 1.56 x
EV / Revenue 2.82 x 2.5 x 3.19 x 2.08 x 2.01 x 1.66 x 1.62 x 1.56 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.84 x 0.75 x 0.97 x 0.6 x 0.39 x 0.43 x 0.42 x 0.4 x
Nbr of stocks (in thousands) 3,100,467 3,100,467 3,100,467 3,100,467 3,100,467 3,100,467 - -
Reference price 2 2.530 2.367 3.200 1.953 1.830 1.499 1.499 1.499
Announcement Date 2/19/20 2/8/21 2/10/22 2/6/23 1/25/24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,783 2,937 3,106 2,909 2,829 2,798 2,877 2,986
EBITDA - - - - - - - -
EBIT 1 1,848 2,069 2,231 2,015 1,883 1,869 1,937 2,066
Operating Margin 66.4% 70.46% 71.8% 69.26% 66.56% 66.81% 67.31% 69.18%
Earnings before Tax (EBT) 1 724.8 704.3 746.3 813.7 864.7 978 970.2 1,102
Net income 1 753.9 703 703.8 765.4 769.5 828.8 816.5 930.5
Net margin 27.09% 23.94% 22.66% 26.31% 27.2% 29.62% 28.38% 31.16%
EPS 2 0.1700 0.1600 0.2300 0.2500 0.2500 0.2030 0.2090 0.2331
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0750 0.0750 0.0750 0.0839 0.1010 0.1204
Announcement Date 2/19/20 2/8/21 2/10/22 2/6/23 1/25/24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 762.8 825.7 694.9 739.9 631 638.1 714.4 1,353 793.5 682.2 579.7 675.5 676.6 676.8
EBITDA - - - - - - - - - - - - - -
EBIT 545.4 594.2 469.2 514.1 419.9 411.6 481.4 893.1 549 440.7 345.8 - - -
Operating Margin 71.5% 71.97% 67.52% 69.48% 66.55% 64.51% 67.39% 66% 69.19% 64.61% 59.66% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - 401.4 263.5 267.9 -167.5 209 183 392 234.8 142.6 231.3 - - -
Net margin - 48.62% 37.93% 36.21% -26.55% 32.75% 25.62% 28.97% 29.59% 20.91% 39.91% - - -
EPS -0.0600 0.1300 0.0800 0.0900 -0.0500 0.0700 - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/10/22 5/10/22 7/27/22 10/24/22 2/6/23 4/26/23 7/26/23 7/26/23 10/25/23 1/25/24 4/22/24 - - -
1QAR 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) 5.79% 5.19% 5.02% 5.4% 6.28% 6.48% 6.1% 6.9%
ROA (Net income/ Total Assets) 0.74% 0.66% 0.69% 0.77% 0.77% 0.73% 0.68% 0.75%
Assets 1 102,159 105,873 102,322 99,374 99,416 114,310 120,963 124,067
Book Value Per Share 2 3.010 3.160 3.310 3.250 4.660 3.490 3.590 3.720
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/19/20 2/8/21 2/10/22 2/6/23 1/25/24 - - -
1QAR in Million2QAR
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
1.499 QAR
Average target price
1.78 QAR
Spread / Average Target
+18.78%
Consensus
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