Stock FAB FIRST ABU DHABI BANK
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Financials First Abu Dhabi Bank

Equities

FAB

AEN000101016

Banks

Market Closed - Abu Dhabi Securities Exchange
Other stock markets
 06:55:23 2024-05-31 am EDT 		5-day change 1st Jan Change
11.6 AED -1.53% Intraday chart for First Abu Dhabi Bank -2.03% -16.91%
May. 31 Koc Holding says discussions for the sale of Yapi Kredi shares terminated RE
May. 27 UAE's Lunate Appoints FAB Securities as Authorized Participant for ETFs MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 165,156 140,625 205,596 188,803 154,134 128,077 - -
Enterprise Value (EV) 1 165,156 140,625 205,596 188,803 154,134 128,077 128,077 128,077
P/E ratio 13.8 x 13.9 x 16.8 x 14.5 x 9.76 x 8.37 x 8.35 x 8.16 x
Yield 4.88% 5.74% 3.72% - - 6.09% 6.09% 6.22%
Capitalization / Revenue 8.16 x 7.57 x 9.48 x 9.06 x 5.61 x 4.26 x 4.21 x 4.08 x
EV / Revenue 8.16 x 7.57 x 9.48 x 9.06 x 5.61 x 4.26 x 4.21 x 4.08 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.54 x 1.3 x 1.82 x 1.64 x - 1.06 x 1.01 x 0.95 x
Nbr of stocks (in thousands) 11,021,482 11,028,526 11,040,265 11,041,106 11,041,106 11,041,106 - -
Reference price 2 14.98 12.75 18.62 17.10 13.96 11.60 11.60 11.60
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/31/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,249 18,574 21,681 20,840 27,471 30,098 30,397 31,400
EBITDA - - - - - - - -
EBIT 1 14,750 13,514 15,845 17,229 20,630 22,317 22,573 22,916
Operating Margin 72.84% 72.76% 73.08% 82.67% 75.1% 74.15% 74.26% 72.98%
Earnings before Tax (EBT) 1 12,907 10,894 13,187 14,390 17,552 19,144 19,516 20,022
Net income 1 12,520 10,555 12,531 13,411 16,405 16,084 15,859 16,371
Net margin 61.83% 56.83% 57.8% 64.35% 59.72% 53.44% 52.17% 52.14%
EPS 2 1.087 0.9193 1.107 1.180 1.430 1.386 1.389 1.421
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.7314 0.7314 0.6919 - - 0.7070 0.7064 0.7216
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/31/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 5,695 7,264 4,977 5,494 5,911 6,730 6,833 6,976 6,933 7,971 7,528 7,534 7,577 - -
EBITDA - - - - - - - - - - - - - - - -
EBIT - 4,216 5,742 3,662 3,893 3,911 5,043 5,101 5,169 5,317 6,055 - - - - -
Operating Margin - 74.02% 79.05% 73.59% 70.86% 66.16% 74.93% 74.66% 74.1% 76.69% 75.97% - - - - -
Earnings before Tax (EBT) - - - - - - - - - - 5,031 - - - - -
Net income 1 5,354 3,324 5,120 2,906 2,923 2,462 3,929 4,211 4,255 4,011 4,151 3,921 4,088 4,163 - -
Net margin - 58.36% 70.49% 58.38% 53.2% 41.66% 58.38% 61.63% 61% 57.85% 52.08% 52.09% 54.26% 54.94% - -
EPS 2 - - - - - 0.2200 0.3400 0.3800 0.3600 0.3600 0.3500 0.3581 0.3527 0.3692 - -
Dividend per Share 2 - - - - - - - - - - - - - 0.7862 - -
Announcement Date 7/28/21 1/27/22 4/28/22 7/28/22 10/26/22 1/26/23 4/27/23 7/20/23 10/19/23 1/31/24 5/1/24 - - - - -
1AED in Million2AED
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) 12% 9.76% 11.3% 11.8% 13.4% 13.2% 12.6% 12.2%
ROA (Net income/ Total Assets) 1.6% 1.21% 1.31% 1.27% 1.42% 1.26% 1.22% 1.18%
Assets 1 782,904 870,515 959,503 1,055,584 1,155,316 1,281,172 1,298,676 1,382,021
Book Value Per Share 2 9.760 9.840 10.20 10.40 - 10.90 11.50 12.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/31/24 - - -
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

Ratings for First Abu Dhabi Bank

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
11.6 AED
Average target price
14.96 AED
Spread / Average Target
+28.97%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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