Emirates NBD Bank PJSC

DFM-EMIRATESNBD

Basic

Market Cap
AED 113.07B
EV
—
Shares Out
6,316.55M
Revenue
AED 42.83B
Employees
30,000

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
60.68%
Net
53.7%
FCF
-134.97%

Returns (5Yr Avg)

ROA
1.88%
ROTA
15.81%
ROE
15.51%
ROCE
—
ROIC
2.61%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
AED 22.81
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
AED 53.54B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
39.49%
Rev 5Yr
18.51%
Rev 10Yr
—
Dil EPS 3Yr
48.33%
Dil EPS 5Yr
15.17%
Dil EPS 10Yr
19.79%
Rev Fwd 2Yr
6.68%
EBITDA Fwd 2Yr
—
EPS Fwd 2Yr
-5.44%
EPS LT Growth Est
-2.85%

Dividends

Yield
—
Payout
33.67%
DPS
AED 1.2
DPS Growth 3Yr
44.23%
DPS Growth 5Yr
24.57%
DPS Growth 10Yr
16.98%
DPS Growth Fwd 2Yr
-5.49%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans						28,021.7	28,017.5	26,485.5	34,838	57,319	68,725
Interest Income, Total						28,021.7	28,017.5	26,485.5	34,838	57,319	68,725
Interest On Deposits						11,834.2	10,530.3	9,561	11,616	27,239	37,721
Interest Expense, Total						11,834.2	10,530.3	9,561	11,616	27,239	37,721
Net Interest Income						16,187.5	17,487.2	16,924.6	23,222	30,080	31,004
Income From Trading Activities						208.8	180	150.8	52	480	690
Gain (Loss) on Sale of Assets						2	-0	-3.1	25	389	332
Gain (Loss) on Sale of Invest. & Securities						4,318.8	-243.2	195	114	413	266
Total Other Non Interest Income						6,090.7	5,786.7	6,554.3	9,094	11,666	10,825
Non Interest Income, Total						10,620.3	5,723.5	6,897.1	9,285	12,948	12,113
Revenues Before Provison For Loan Losses						26,807.8	23,210.7	23,821.7	32,507	43,028	43,117
Provision For Loan Losses						4,818.1	7,936.1	5,898.9	5,184	3,448	283
Total Revenues						21,989.8	15,274.6	17,922.8	27,323	39,580	42,834
Total Revenues % Chg.						40.5%	-30.5%	17.3%	52.4%	44.9%	21.2%
Salaries And Other Employee Benefits						4,196.7	4,616.7	4,565.7	5,350	6,772	7,392
Amort. of Goodwill & Intang. Assets					—	68	163.3	163.3	163	28	—
Occupancy Expense						1,007.8	1,161.4	1,056.5	1,077	1,139	1,198
Selling General & Admin Expenses, Total						1,934.5	1,915	2,206	2,664	3,757	3,757
(Income) Loss on Equity Invest.						-19.4	-12.2	21.1	—	—	—
Non Interest Expense, Total						7,187.7	7,844.1	8,012.7	9,254	11,696	12,347
EBT, Excl. Unusual Items						14,802.1	7,430.5	9,910.1	18,069	27,884	30,487
Asset Writedown		—	—	—	—	—	—	—	—	—	—
Other Unusual Items	—	—	—	—	—	92	—	—	-3,095	-4,229	-4,494
EBT, Incl. Unusual Items						14,894.1	7,430.5	9,910.1	14,974	23,655	25,993
Income Tax Expense						390.4	465.3	604.2	1,964	2,134	2,952
Earnings From Continuing Operations						14,503.7	6,965.2	9,306	13,010	21,521	23,041
Minority Interest						-1.1	-5.6	-8.4	-7	-41	-39
Net Income						14,502.6	6,959.5	9,297.5	13,003	21,480	23,002
Preferred Dividend and Other Adjustments						5,054.1	651.1	592.2	511	511	511
Net Income to Common Incl Extra Items						9,448.5	6,308.5	8,705.3	12,492	20,969	22,491
Net Income to Common Excl. Extra Items						9,448.5	6,308.5	8,705.3	12,492	20,969	22,491
Total Shares Outstanding						6,316.6	6,316.6	6,316.6	6,316.6	6,316.6	6,316.6
Weighted Avg. Shares Outstanding						5,620.5	6,310.7	6,310.7	6,311	6,311	6,311
Weighted Avg. Shares Outstanding Dil						5,620.5	6,310.7	6,310.7	6,311	6,311	6,311
EPS						1.7	1	1.4	2	3.3	3.6
EPS Diluted						1.7	1	1.4	2	3.3	3.6
Effective Tax Rate						2.6%	6.3%	6.1%	13.1%	9%	11.4%