- Al Rajhi Bank‘s second-quarter profit: 4.70 billion riyals
- Year-on-year profit growth: 13%
- Analysts’ profit estimate was 4.47 billion riyals
- Impairments recorded at 455 million riyals
- Year-on-year increase in impairments: 26%
- Analysts’ impairment estimate was 458.1 million riyals
- Operating income: 7.64 billion riyals
- Analysts’ operating income estimate: 7.38 billion riyals
- Total assets: 866.96 billion riyals
- Analysts’ total assets estimate: 732.65 billion riyals
- Investments: 153.03 billion riyals
- Net loans: 621.89 billion riyals
- Analysts’ net loans estimate: 617.42 billion riyals
- Total deposits: 622.57 billion riyals
- Analysts’ total deposits estimate: 608.92 billion riyals
- Operating expense: 1.96 billion riyals
- Analysts’ operating expense estimate: 1.96 billion riyals
- Analyst recommendations: 4 buys, 11 holds, 3 sells
A look at Al Rajhi Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Al Rajhi Bank, a financial institution offering various banking services in Saudi Arabia, shows a positive long-term outlook based on its Smartkarma Smart Scores. The bank scores well in growth and momentum, indicating promising prospects for expansion and financial performance. With a solid score in value and dividend, Al Rajhi Bank demonstrates stability and potential returns for investors. However, the bank’s resilience score is relatively lower, suggesting some vulnerability to economic fluctuations or industry challenges.
In summary, Al Rajhi Bank‘s overall outlook appears favorable, highlighted by its strong performance in growth and momentum factors. While the bank shows stability and potential for returns in terms of value and dividend scores, investors may need to consider the resilience aspect for a comprehensive evaluation of the company’s long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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