$SAUD,Al Baraka Bank Egypt S.A.E. (EGX: SAUD) 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.
