Ajman Bank PJSC

Market Cap: Small Cap
Industry: Major Banks
ISIN: AEA003201018

AED

1.39

-0.01 (-0.71%)

Jul 01

DFM

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Emirates NBD Bank PJSC

Commercial Bank of Dubai

National Bank of Fujairah PJSC

Emirates Islamic Bank PJSC

Sharjah Islamic Bank

Abu Dhabi Commercial Bank

Dubai Islamic Bank PJSC

Commercial Bank International PSC

Ajman Bank PJSC

Bank of Sharjah PSC

Al Salam Bank Sudan

Why is Ajman Bank PJSC ?

Flat results in Mar 26

OPERATING CASH FLOW(Y) Lowest at AED -197.18 MM

Consistent Underperformance against the benchmark over the last 3 years

Along with generating -4.76% returns in the last 1 year, the stock has also underperformed Abu Dhabi Securities Exchange in each of the last 3 annual periods

Real-Time Research Report

Verdict Report

How much should you sell?

All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Major Banks)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Ajman Bank PJSC for you?

Medium Risk, Low Return

Absolute

Risk Adjusted

Volatility

Ajman Bank PJSC

-5.44%

-0.79

25.36%

Abu Dhabi Securities Exchange

-1.41%

-0.12

12.55%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

10.14%

EBIT Growth (5y)

47.69%

EBIT to Interest (avg)

Debt to EBITDA (avg)

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

Tax Ratio

Dividend Payout Ratio

49.65%

Pledged Shares

Institutional Holding

ROCE (avg)

ROE (avg)

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.18

EV to EBIT

11.94

EV to EBITDA

11.38

EV to Capital Employed

1.10

EV to Sales

4.16

PEG Ratio

0.50

Dividend Yield

13.21%

ROCE (Latest)

9.26%

ROE (Latest)

15.47%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

1What is working for the Company

CREDIT DEPOSIT RATIO(HY)

Highest at 99.25%

-3What is not working for the Company

OPERATING CASH FLOW(Y)

Lowest at AED -197.18 MM

Here's what is working for Ajman Bank PJSC

Credit Deposit Ratio

Highest at 99.25%

in the last four Semi-Annual periods

MOJO Watch

Bank has been creating proportionately higher loans against its deposits, thereby creating higher revenue generating assets

Credit Deposit Ratio (%)

Depreciation

Highest at AED 7.22 MM

in the last five periods

MOJO Watch

The expenditure on assets done by the company may have gone into operation

Depreciation (AED MM)

Depreciation

At AED 7.22 MM has Grown at 34.85%

period on period (QoQ)

MOJO Watch

The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales

Depreciation (AED MM)

Here's what is not working for Ajman Bank PJSC

Operating Cash Flow

Lowest at AED -197.18 MM and Fallen

In each year in the last three years

MOJO Watch

The company's cash revenues from business operations are falling

Operating Cash Flows (AED MM)