Saudi Fransi reported a 1Q profit of 1.15 billion riyals, which is up 6.9% on the year and beat estimates of 1.08 billion riyals.
The operating profit stood at 2.33 billion riyals, a minor increase of 0.6% year on year, surpassing estimates of 2.31 billion riyals.
The company witnessed a pretax profit of 1.28 billion riyals, beating the estimated 1.21 billion riyals according to two estimates.
The Earnings Per Share (EPS) was reported as 0.91 riyals, which also exceeded the estimated 0.85 riyals, based on two estimates.
Overall, the company received 6 buy ratings, 4 hold ratings, and 2 sell ratings.
A look at Banque Saudi Fransi Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 4.0 |
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
Based on the Smartkarma Smart Scores, Banque Saudi Fransi appears to have a positive long-term outlook. The bank scored highly in Value, Dividend, and Growth, indicating strong performance in these areas. This suggests that the company is undervalued, pays attractive dividends, and shows potential for growth in the future. However, the scores for Resilience and Momentum were moderate, highlighting areas where the bank may need to focus on to improve its overall performance.
Banque Saudi Fransi, known for attracting deposits and providing a range of retail and corporate banking services, including loans and financial advisory services, seems well-positioned to capitalize on its strengths. By leveraging its high scores in Value, Dividend, and Growth, the bank can potentially enhance its resilience and momentum, ensuring sustained success in the competitive banking industry.
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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