Financials Egyptian Gulf Bank (S.A.E)

Equities

EGBE

EGS60182C010

Banks

End-of-day quote Egyptian Exchange 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
0.314 USD -0.32% Intraday chart for Egyptian Gulf Bank (S.A.E) -0.32% +1.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,322 2,946 2,839 2,780 5,997 4,777
Enterprise Value (EV) 1 -1,965 -2,082 -10.15 -3,137 -4,720 -5,918
P/E ratio 8.45 x 4.95 x 5.24 x 4.61 x 8.02 x 3.9 x
Yield - - - - - -
Capitalization / Revenue 2.23 x 1.4 x 1.08 x 0.98 x 1.86 x 1.07 x
EV / Revenue -1.02 x -0.99 x -0 x -1.1 x -1.46 x -1.33 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.17 x 0.62 x 0.52 x 0.49 x 1.13 x 0.64 x
Nbr of stocks (in thousands) 499,504 499,504 499,504 499,504 499,502 499,502
Reference price 2 8.653 5.898 5.683 5.566 12.01 9.564
Announcement Date 3/10/19 2/4/20 2/14/21 2/20/22 2/2/23 1/23/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,935 2,098 2,618 2,844 3,226 4,455
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 1,008 1,004 1,033 1,559 1,608 2,491
Net income 1 566.4 658 624.9 695.3 845.8 1,477
Net margin 29.28% 31.37% 23.87% 24.45% 26.22% 33.15%
EPS 2 1.025 1.191 1.085 1.208 1.496 2.455
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/10/19 2/4/20 2/14/21 2/20/22 2/2/23 1/23/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1
Net sales 1 823.9 768.2 743.2 736.2 924.8 1,008 1,249 1,070 1,274 1,662
EBITDA - - - - - - - - - -
EBIT 1 501.5 322.4 421.3 406.3 - 503.4 667.7 567.9 757 1,002
Operating Margin 60.87% 41.97% 56.69% 55.19% - 49.93% 53.45% 53.06% 59.41% 60.29%
Earnings before Tax (EBT) - - - - - - 545.8 - - -
Net income - - 193.8 212.9 - - 312.8 - - -
Net margin - - 26.07% 28.92% - - 25.04% - - -
EPS - - - - - - 0.6300 - - -
Dividend per Share - - - - - - - - - -
Announcement Date 11/9/21 2/20/22 6/9/22 8/25/22 11/2/22 2/2/23 5/28/23 8/14/23 11/13/23 -
1EGP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 15.7% 12.3% 12.4% 15.3% 22.2% 13.6%
ROA (Net income/ Total Assets) 1.01% 0.89% 0.91% 1.01% - -
Assets - 70,156 76,051 83,465 - -
Book Value Per Share 9.480 10.90 11.50 10.60 - -
Cash Flow per Share - - - - - -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/4/20 1/26/21 2/20/22 2/2/23 1/23/24 -
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
15.04 EGP
Average target price
14.7 EGP
Spread / Average Target
-2.24%
Consensus

Quarterly revenue - Rate of surprise

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