Financials Sharjah Islamic Bank

Equities

SIB

AES000201013

Banks

Market Closed - Abu Dhabi Securities Exchange 11:55:00 26/04/2024 BST 5-day change 1st Jan Change
2.23 AED -0.45% Intraday chart for Sharjah Islamic Bank 0.00% -8.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 3,610 4,068 6,009 6,009 7,863 7,216 -
Enterprise Value (EV) 1 3,610 4,068 6,009 6,009 7,863 7,216 7,216
P/E ratio - - 11.5 x 9.29 x 10.6 x 9.29 x 8.58 x
Yield - - - 5.13% - 5.38% 5.83%
Capitalization / Revenue 3.12 x 3.28 x 4.5 x 3.81 x 3.98 x 3.83 x 3.46 x
EV / Revenue 3.12 x 3.28 x 4.5 x 3.81 x 3.98 x 3.83 x 3.46 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - - - 0.79 x - 1.1 x 1.03 x
Nbr of stocks (in thousands) 3,235,678 3,235,678 3,235,678 3,235,678 3,235,678 3,235,678 -
Reference price 2 1.116 1.257 1.857 1.857 2.430 2.230 2.230
Announcement Date 25/01/20 20/01/21 20/01/22 25/01/23 18/01/24 - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,157 1,241 1,335 1,576 1,975 1,883 2,085 -
EBITDA - - - - - - - -
EBIT 1 571.9 521.1 758.6 964.7 1,291 1,175 1,411 -
Operating Margin 49.42% 41.99% 56.81% 61.23% 65.34% 62.4% 67.67% -
Earnings before Tax (EBT) 1 545.5 - - 650.9 - 846 1,120 -
Net income 1 545.5 405.8 514.1 650.9 851.5 846 832.5 798
Net margin 47.14% 32.7% 38.5% 41.31% 43.12% 44.93% 39.93% -
EPS 2 - - 0.1619 0.2000 0.2300 0.2400 0.2600 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 0.0952 - 0.1200 0.1300 -
Announcement Date 25/01/20 20/01/21 20/01/22 25/01/23 18/01/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q2 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 276.6 387.1 424.7 483.8 480.6 448.4 562.2 504.7
EBITDA - - - - - - - -
EBIT 1 105.8 248.7 234.4 327.7 321 291.1 350.7 330.4
Operating Margin 38.23% 64.23% 55.19% 67.73% 66.79% 64.92% 62.39% 65.46%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 56.05 174.9 82.31 233.1 261.5 272.7 84.24 259.7
Net margin 20.26% 45.17% 19.38% 48.17% 54.41% 60.83% 14.98% 51.44%
EPS - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 20/01/22 20/07/22 25/01/23 18/04/23 24/07/23 25/10/23 18/01/24 22/04/24
1AED 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) 8.45% - 6.7% 8.49% 10.8% 12.9% 12.4% -
ROA (Net income/ Total Assets) 1.2% - 0.95% 1.14% 1.36% 1.3% 1.2% -
Assets 1 45,567 - 54,279 57,040 62,503 65,077 69,375 -
Book Value Per Share 2 - - - 2.360 - 2.030 2.160 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 25/01/20 20/01/21 20/01/22 25/01/23 18/01/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
2.23 AED
Average target price
2.2 AED
Spread / Average Target
-1.35%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. SIB Stock
  4. Financials Sharjah Islamic Bank