ScoreWhy is Al Rajhi Bank ?
1
The company has declared Positive results for the last 5 consecutive quarters
- OPERATING CASH FLOW(Y) Highest at SAR 35,411.39 MM
- NII(Q) Highest at SAR 7,305.05 MM
- ROCE(HY) Highest at 2.25%
2
With ROA of 1.46%, it has a very attractive valuation with a 4.10 Price to Book Value
- Over the past year, while the stock has generated a return of 3.85%, its profits have risen by 29.4% ; the PEG ratio of the company is 0.7
- At the current price, the company has a high dividend yield of 2.1
3
Consistent Returns over the last 3 years
- Along with generating 3.85% returns in the last 1 year, the stock has outperformed Saudi Arabia All Share TASI in each of the last 3 annual periods
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Al Rajhi Bank should be less than 10%
- Overall Portfolio exposure to Major Banks should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Major Banks)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Al Rajhi Bank for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Al Rajhi Bank
3.85%
1.05
22.34%
Saudi Arabia All Share TASI
-12.63%
-0.89
14.47%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
25.93%
EBIT Growth (5y)
21.16%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0
Dividend Payout Ratio
58.01%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0
ROE (avg)
0
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
20
Industry P/E
Price to Book Value
4.10
EV to EBIT
27.37
EV to EBITDA
25.03
EV to Capital Employed
2.06
EV to Sales
12.23
PEG Ratio
0.68
Dividend Yield
2.05%
ROCE (Latest)
7.52%
ROE (Latest)
20.45%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend23What is working for the Company
OPERATING CASH FLOW(Y)
Highest at SAR 35,411.39 MM
NII(Q)
Highest at SAR 7,305.05 MM
ROCE(HY)
Highest at 2.25%
NET SALES(Q)
Highest at SAR 13,646.81 MM
OPERATING PROFIT(Q)
Highest at SAR 6,867.8 MM
OPERATING PROFIT MARGIN(Q)
Highest at 50.33 %
PRE-TAX PROFIT(Q)
Highest at SAR 6,860.2 MM
NET PROFIT(Q)
Highest at SAR 5,799.37 MM
GROSS NPA (%)
(Q
CASH AND EQV(HY)
Highest at SAR 115,225.66 MM
CREDIT DEPOSIT RATIO(HY)
Highest at 121.58%
EPS(Q)
Highest at SAR 1.45
-2What is not working for the Company
ROCE(HY)
Lowest at 2.25%
Here's what is working for Al Rajhi Bank
NII
Highest at SAR 7,305.05 MM and Grown
In each period in the last five periodsMOJO Watch
The bank's income from core business is increasing
Net NPA (%)
Operating Cash Flow
Highest at SAR 35,411.39 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (SAR MM)
Net Sales
Highest at SAR 13,646.81 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (SAR MM)
Operating Profit
Highest at SAR 6,867.8 MM and Grown
In each period in the last five periodsMOJO Watch
Near term Operating Profit trend is quite positive
Operating Profit (SAR MM)
Operating Profit Margin
Highest at 50.33 % and Grown
In each period in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at SAR 6,860.2 MM and Grown
In each period in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (SAR MM)
Net Profit
Highest at SAR 5,799.37 MM and Grown
In each period in the last five periodsMOJO Watch
Near term Net Profit trend is very positive
Net Profit (SAR MM)
Non Performing Loans (%)
Lowest at 0.71%
in the last four Semi-Annual periodsMOJO Watch
Proportion of stressed loans given by the bank are falling
Non Performing Loans (%)
EPS
Highest at SAR 1.45
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (SAR)
Cash and Eqv
Highest at SAR 115,225.66 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Credit Deposit Ratio
Highest at 121.58%
in the last four Semi-Annual periodsMOJO Watch
Bank has been creating proportionately higher loans against its deposits, thereby creating higher revenue generating assets
Credit Deposit Ratio (%)
Depreciation
Highest at SAR 584.4 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (SAR MM)
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