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Saudi British Bank

SASE:1060
Snowflake Description

Excellent balance sheet with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1060
SASE
SAR46B
Market Cap
  1. Home
  2. SA
  3. Banks
Company description

The Saudi British Bank provides banking and financial services in the Kingdom of Saudi Arabia. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Saudi British Bank has significant price volatility in the past 3 months.
1060 Share Price and Events
7 Day Returns
14%
SASE:1060
4.3%
SA Banks
6.1%
SA Market
1 Year Returns
-42.4%
SASE:1060
-33.2%
SA Banks
-26.8%
SA Market
1060 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saudi British Bank (1060) 14% -11.2% -32.9% -42.4% 3.7% -34.7%
SA Banks 4.3% -14.8% -24.9% -33.2% 25.7% -8.8%
SA Market 6.1% -4.9% -10.4% -26.8% -6.7% -20.3%
1 Year Return vs Industry and Market
  • 1060 underperformed the Banks industry which returned -33.2% over the past year.
  • 1060 underperformed the Market in Saudi Arabia which returned -26.8% over the past year.
Price Volatility
1060
Industry
5yr Volatility vs Market

1060 Value

 Is Saudi British Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Saudi British Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Saudi British Bank.

SASE:1060 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= SAR28.69 * 9.6%
SAR2.74
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. SAR28.69
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year SA Government Bond Rate 8.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SASE:1060
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SA Govt Bond Rate 8.5%
Equity Risk Premium S&P Global 6.3%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.479 (1 + (1- 20%) (8.78%))
0.673
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.48% + (0.8 * 6.33%)
13.54%

Discounted Cash Flow Calculation for SASE:1060 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Saudi British Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SASE:1060 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.6% – 13.54%) * SAR28.69)
SAR-1.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SAR-1.14 / (13.54% - 8.48%)
SAR-22.60
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SAR28.69 + SAR-22.60
SAR6.09
SASE:1060 Discount to Share Price
Calculation Result
Value per share (SAR) From above. SAR6.09
Current discount Discount to share price of SAR22.60
= -1 x (SAR22.60 - SAR6.09) / SAR6.09
-270.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Saudi British Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Saudi British Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saudi British Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SASE:1060 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SAR SAR1.57
SASE:1060 Share Price ** SASE (2020-04-05) in SAR SAR22.6
Saudi Arabia Banks Industry PE Ratio Median Figure of 11 Publicly-Listed Banks Companies 10.56x
Saudi Arabia Market PE Ratio Median Figure of 124 Publicly-Listed Companies 18.82x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Saudi British Bank.

SASE:1060 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SASE:1060 Share Price ÷ EPS (both in SAR)

= 22.6 ÷ 1.57

14.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Saudi British Bank is overvalued based on earnings compared to the SA Banks industry average.
  • Saudi British Bank is good value based on earnings compared to the Saudi Arabia market.
Price based on expected Growth
Does Saudi British Bank's expected growth come at a high price?
Raw Data
SASE:1060 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
25.7%per year
Saudi Arabia Banks Industry PEG Ratio Median Figure of 11 Publicly-Listed Banks Companies 1.61x
Saudi Arabia Market PEG Ratio Median Figure of 60 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

SASE:1060 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.39x ÷ 25.7%

0.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Saudi British Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Saudi British Bank's assets?
Raw Data
SASE:1060 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SAR SAR27.29
SASE:1060 Share Price * SASE (2020-04-05) in SAR SAR22.6
Saudi Arabia Banks Industry PB Ratio Median Figure of 11 Publicly-Listed Banks Companies 1.04x
Saudi Arabia Market PB Ratio Median Figure of 183 Publicly-Listed Companies 1.32x
SASE:1060 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SASE:1060 Share Price ÷ Book Value per Share (both in SAR)

= 22.6 ÷ 27.29

0.83x

* Primary Listing of Saudi British Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Saudi British Bank is good value based on assets compared to the SA Banks industry average.
X
Value checks
We assess Saudi British Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Saudi British Bank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1060 Future Performance

 How is Saudi British Bank expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saudi British Bank expected to grow at an attractive rate?
  • Saudi British Bank's earnings growth is expected to exceed the low risk savings rate of 8.5%.
Growth vs Market Checks
  • Saudi British Bank's earnings growth is expected to exceed the Saudi Arabia market average.
  • Saudi British Bank's revenue growth is expected to exceed the Saudi Arabia market average.
Annual Growth Rates Comparison
Raw Data
SASE:1060 Future Growth Rates Data Sources
Data Point Source Value (per year)
SASE:1060 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 25.7%
SASE:1060 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 18.6%
Saudi Arabia Banks Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Saudi Arabia Banks Industry Revenue Growth Rate Market Cap Weighted Average 8%
Saudi Arabia Market Earnings Growth Rate Market Cap Weighted Average 7%
Saudi Arabia Market Revenue Growth Rate Market Cap Weighted Average 6.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SASE:1060 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in SAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SASE:1060 Future Estimates Data
Date (Data in SAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2022-12-31 11,339 5,657 1
2021-12-31 11,073 5,455 6
2020-12-31 10,539 3,971 7
2020-04-06
SASE:1060 Past Financials Data
Date (Data in SAR Millions) Revenue Cash Flow Net Income *
2019-12-31 6,788 20,599 2,830
2019-09-30 6,406 15,115 3,989
2019-06-30 5,839 3,040 3,983
2019-03-31 7,443 8,108 5,062
2018-12-31 7,064 7,786 2,715
2018-09-30 6,585 6,743 3,575
2018-06-30 6,406 13,040 3,597
2018-03-31 6,083 9,036 3,894
2017-12-31 6,076 7,982 3,955
2017-09-30 5,887 14,981 3,855
2017-06-30 5,789 16,085 3,767
2017-03-31 5,812 14,753 3,789

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Saudi British Bank's earnings are expected to grow significantly at over 20% yearly.
  • Saudi British Bank's revenue is expected to grow by 18.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SASE:1060 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Saudi British Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SASE:1060 Future Estimates Data
Date (Data in SAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2022-12-31 2.75 2.75 2.75 1.00
2021-12-31 2.68 3.00 2.35 2.00
2020-12-31 1.93 1.93 1.93 1.00
2020-04-06
SASE:1060 Past Financials Data
Date (Data in SAR Millions) EPS *
2019-12-31 1.57
2019-09-30 2.40
2019-06-30 2.60
2019-03-31 3.39
2018-12-31 1.81
2018-09-30 2.38
2018-06-30 2.41
2018-03-31 2.60
2017-12-31 2.64
2017-09-30 2.57
2017-06-30 2.51
2017-03-31 2.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Saudi British Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Saudi British Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Saudi Arabia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Saudi Arabia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Saudi British Bank has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1060 Past Performance

  How has Saudi British Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Saudi British Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Saudi British Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Saudi British Bank's 1-year earnings growth exceeds its 5-year average (4.2% vs -4.2%)
  • Saudi British Bank's earnings growth has not exceeded the SA Banks industry average in the past year (4.2% vs 30.6%).
Earnings and Revenue History
Saudi British Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Saudi British Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SASE:1060 Past Revenue, Cash Flow and Net Income Data
Date (Data in SAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,788.20 2,830.32 3,232.41
2019-09-30 6,405.51 3,989.46 2,776.73
2019-06-30 5,838.55 3,983.09 2,393.51
2019-03-31 7,443.03 5,062.02 2,204.79
2018-12-31 7,063.80 2,715.44 2,178.25
2018-09-30 6,585.00 3,575.47 2,215.75
2018-06-30 6,406.49 3,597.42 2,211.50
2018-03-31 6,082.85 3,894.00 2,197.67
2017-12-31 6,076.23 3,954.58 2,190.56
2017-09-30 5,887.16 3,855.05 2,099.27
2017-06-30 5,789.11 3,766.55 2,085.35
2017-03-31 5,811.68 3,789.04 2,083.15
2016-12-31 5,914.50 3,894.73 2,083.55
2016-09-30 6,242.77 4,226.69 2,078.03
2016-06-30 6,346.26 4,371.43 2,045.48
2016-03-31 6,258.91 4,357.04 2,003.19
2015-12-31 6,210.54 4,330.55 2,010.34
2015-09-30 6,244.26 4,361.35 1,998.89
2015-06-30 6,139.83 4,280.75 1,978.26
2015-03-31 6,151.27 4,300.72 1,973.10
2014-12-31 6,052.40 4,266.06 1,895.79
2014-09-30 5,966.13 4,272.22 1,831.40
2014-06-30 5,728.54 4,059.04 1,802.98
2014-03-31 5,542.01 3,906.48 1,752.60
2013-12-31 5,371.63 3,773.81 1,720.99
2013-09-30 5,215.70 3,613.71 1,692.43
2013-06-30 4,994.26 3,423.67 1,653.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Saudi British Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Saudi British Bank used its assets less efficiently than the SA Banks industry average last year based on Return on Assets.
  • Unable to establish if Saudi British Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Saudi British Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Saudi British Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1060 Health

 How is Saudi British Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Saudi British Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Saudi British Bank Company Filings, last reported 3 months ago.

SASE:1060 Past Debt and Equity Data
Date (Data in SAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 56,160.25 2,817.39 26,889.52
2019-09-30 55,027.59 4,850.27 20,657.62
2019-06-30 55,424.30 4,474.21 35,886.07
2019-03-31 33,990.73 3,858.43 26,546.44
2018-12-31 32,575.76 3,741.84 30,771.71
2018-09-30 32,850.06 5,488.03 30,433.95
2018-06-30 32,970.11 5,408.52 40,734.95
2018-03-31 31,894.86 5,380.21 36,887.56
2017-12-31 33,470.47 5,162.39 30,627.94
2017-09-30 32,745.54 5,153.78 25,416.03
2017-06-30 32,749.25 5,140.25 30,401.22
2017-03-31 31,944.91 5,260.13 28,420.46
2016-12-31 31,278.93 6,832.39 23,680.69
2016-09-30 30,148.05 5,462.95 17,486.62
2016-06-30 29,801.67 5,336.47 20,298.31
2016-03-31 28,641.01 5,397.95 19,775.61
2015-12-31 28,174.54 5,455.36 14,211.09
2015-09-30 27,399.30 6,815.69 10,660.94
2015-06-30 27,251.72 6,819.00 6,979.34
2015-03-31 26,101.29 5,337.63 7,544.84
2014-12-31 26,071.21 6,319.22 14,036.93
2014-09-30 25,399.67 5,360.75 11,983.52
2014-06-30 24,149.83 5,365.86 8,718.41
2014-03-31 23,023.20 5,358.68 14,985.16
2013-12-31 22,832.80 6,140.51 22,635.16
2013-09-30 21,907.38 3,910.41 15,121.64
2013-06-30 20,978.75 4,611.78 12,206.61
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Saudi British Bank has an acceptable proportion of non-loan assets held.
  • Saudi British Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Saudi British Bank are broadly funded by customer deposits.
  • Saudi British Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Saudi British Bank has a sufficient allowance for bad loans.
  • Saudi British Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Saudi British Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Saudi British Bank has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1060 Dividends

 What is Saudi British Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.31%
Current annual income from Saudi British Bank dividends. Estimated to be 7.09% next year.
If you bought SAR2,000 of Saudi British Bank shares you are expected to receive SAR106 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Saudi British Bank's pays a higher dividend yield than the bottom 25% of dividend payers in Saudi Arabia (3.13%).
  • Saudi British Bank's dividend is below the markets top 25% of dividend payers in Saudi Arabia (6.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SASE:1060 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Saudi Arabia Banks Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Saudi Arabia Market Average Dividend Yield Market Cap Weighted Average of 81 Stocks 1.1%
Saudi Arabia Minimum Threshold Dividend Yield 10th Percentile 2%
Saudi Arabia Bottom 25% Dividend Yield 25th Percentile 3.1%
Saudi Arabia Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SASE:1060 Future Dividends Estimate Data
Date (Data in SAR) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2022-12-31 1.51 3.00
2021-12-31 1.71 7.00
2020-12-31 1.43 3.00
2020-04-06
SASE:1060 Past Annualized Dividends Data
Date (Data in SAR) Dividend per share (annual) Avg. Yield (%)
2020-01-01 1.200 4.510
2019-02-17 2.000 5.595
2018-10-29 1.920 5.627
2018-07-24 1.920 5.911
2018-04-05 1.420 4.494
2017-07-20 1.060 3.856
2017-05-03 0.700 2.952
2016-10-26 0.700 3.157
2016-08-14 0.700 3.855
2016-02-28 0.700 3.312
2016-02-25 0.700 3.464
2015-10-25 0.800 3.423
2015-10-21 0.800 2.982
2015-07-30 0.800 2.686
2015-07-29 0.800 2.393
2015-02-17 0.700 1.977
2015-02-15 0.700 1.829
2014-02-10 0.667 1.901
2014-02-05 0.667 2.127
2012-12-23 0.613 2.479
2012-08-04 0.340 1.646
2012-02-12 0.325 1.425
2011-03-20 0.340 1.634
2010-10-30 0.000 0.000
2010-05-01 0.000 0.000
2010-03-01 0.415 1.720
2010-01-16 0.415 1.711
2009-10-31 0.415 1.783
2009-10-21 0.415 1.608
2009-07-15 0.415 1.784

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Saudi British Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Saudi British Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Saudi British Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saudi British Bank has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1060 Management

 What is the CEO of Saudi British Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Dew
AGE 63
TENURE AS CEO 9.9 years
CEO Bio

Mr. David Robert Dew has been the Managing Director at The Saudi British Bank (SABB) since May 26, 2010. He is Director at Alawwal Bank since June 2019. Mr. Dew has been a Deputy Chief Executive Officer at HSBC Bank Middle East Limited in Dubai since 2008. He has been an Executive Director at The Saudi British Bank since 2010. He has been an employee of HSBC since 1977. He has over 30 years of experience in the areas of banking and finance. He served as the Chief Operating Officer of The Saudi British Bank, Riyadh, Saudi Arabia from March 2001 to November 2004. He served as Senior Executive Vice President and Chief Operating Officer of HSBC USA Inc. from March 2007 to 2008. He served as Senior Executive Vice President of Audit at HUSI and HSBC North America Inc., (HNAI) from January 1, 2006 to February 2007. He served as Chief Administrative Officer at HSBC USA Inc. from February 2007 to March 2007. He served as Chief Auditor, Group Audit, HSBC Finance Corporation from November 2004 to December 2005. Mr. Dew served as Chief Operating Officer of SABB from March 2001 to November 2004; Deputy Chief Executive Officer of The Hongkong and Shanghai Banking Corporation Limited, Singapore from September 1997 to March 2001 and Chief Executive Officer of HSBC Bank plc, Milan, Italy from November 1994 to September 1997. He served as Head of Audit at HSBC Bank U.S.A. North America in New York from 2004 to 2007. He has been a Director of HSBC Bank Middle East Limited since 17 May 2017. He has been a Director of Junior Achievement of New York, Inc. since 2008. He served as a Non-Executive Director at SABB Takaful Company since 2007. He served as an Executive Director of The Saudi British Bank, Riyadh, Saudi Arabia from March 2001 to November 2004. Mr. Dew holds a Masters in Economics from Cambridge University in the United Kingdom.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Saudi British Bank management team in years:

4.3
Average Tenure
  • The tenure for the Saudi British Bank management team is about average.
Management Team

David Dew

TITLE
MD & Executive Director
AGE
63
TENURE
9.9 yrs

Mathew Pearce

TITLE
Chief Financial Officer
TENURE
4.3 yrs

Maha Al-Sudairi

TITLE
Chief Compliance Officer

Ibrahim Abo-Mouti

TITLE
Head of Corporate Communications
TENURE
15.2 yrs

Faisal Jadu

TITLE
Chief Human Resources Officer
TENURE
2.7 yrs

Majed Kamal Najm

TITLE
Deputy Managing Director of Corporate & Institutional Banking
AGE
49

Naif AlAbdulkareem

TITLE
Deputy Managing Director of Retail Banking & Wealth Management

Richard Hinchley

TITLE
Chief Risk Officer
TENURE
4.3 yrs

Nabeel Shoaib

TITLE
Company Secretary
TENURE
3 yrs

Mohammed Al-Shaikh

TITLE
Deputy Managing Director of Treasury
Board of Directors Tenure

Average tenure and age of the Saudi British Bank board of directors in years:

2.3
Average Tenure
61.5
Average Age
  • The average tenure for the Saudi British Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lubna Al-Olayan

TITLE
Chairman of the Board
AGE
63
TENURE
0.8 yrs

David Dew

TITLE
MD & Executive Director
AGE
63
TENURE
10.3 yrs

Saad Bin Al-Fadhli

TITLE
Vice Chairman
TENURE
0.3 yrs

Abdullah Bin Al Manea

TITLE
Chairman of Shariah Committee
AGE
89

Mohammed Bin Omran Alomran

TITLE
Independent Director
TENURE
11.3 yrs

Khalid Bin Al-Mulhem

TITLE
Independent Director
TENURE
24.3 yrs

Samir Assaf

TITLE
Non-Executive Director
AGE
59
TENURE
4 yrs

Stephen Moss

TITLE
Director
AGE
52
TENURE
2.3 yrs

Ahmed Al-Aulaqi

TITLE
Independent Director
TENURE
0.8 yrs

Maria D. C. D. N. Ramos

TITLE
Independent Director
AGE
60
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SAR) Value (SAR)
X
Management checks
We assess Saudi British Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Saudi British Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1060 News

Simply Wall St News

1060 Company Info

Description

The Saudi British Bank provides banking and financial services in the Kingdom of Saudi Arabia. The company operates through Retail Banking, Corporate Banking, Treasury, and Others segments. The company’s personal banking services include current and savings, and commodity investment accounts; personal and home financing, and financing against deposits products; credit and debit cards; wealth management solutions, such as asset management, brokerage, securities, investment banking advisory, debt capital markets, project and export finance, and equity research services, as well as takaful services; payments and money transfer services; safe deposit lockers; and online, mobile, and phone banking services. Its business banking services comprise deposit accounts, credit facilities, and business credit cards; liquidity and cash management services, including collection and payment management services, and point of sale services; trade and supply chain services, including export, trade finance, receivables finance, and guarantees; investment banking services; and foreign exchange, derivative solutions, deposits and loans, bonds, structured products, Islamic solutions, and economic research and market analysis. The company also acts as an insurance agent; and purchases, sells, and leases land and real estate properties. It operates through a network of 78 branches in the Kingdom of Saudi Arabia. The Saudi British Bank was founded in 1978 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Details
Name: The Saudi British Bank
1060
Exchange: SASE
Founded: 1978
SAR46,438,356,197
2,054,794,522
Website: http://www.sabb.com
Address: The Saudi British Bank
PO Box 9084,
Riyadh,
11413,
Saudi Arabia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SASE 1060 Ordinary Shares Saudi Arabian Stock Exchange SA SAR 28. Sep 1995
Number of employees
Current staff
Staff numbers
4,537
Saudi British Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 18:10
End of day share price update: 2020/04/05 00:00
Last estimates confirmation: 2020/03/11
Last earnings filing: 2020/03/01
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.