- Net Income: NBK’s net income for the third quarter reached 164.6 million dinars, marking a 5.7% increase compared to the previous year, and surpassing the estimate of 147.4 million dinars.
- Operating Revenue: Achieved 318.6 million dinars, a 7% year-on-year growth, beating the forecast of 312.3 million dinars.
- Operating Profit: Reported at 202.7 million dinars, an increase of 4.3% from the previous year.
- Earnings Per Share (EPS): EPS improved to 0.0190 dinars from 0.0180 dinars year-on-year.
- Net Interest Income: Increased by 6% year-on-year, reaching 197.7 million dinars.
- Non-Interest Income: Rose by 4.9% year-on-year to 67.2 million dinars.
- Operating Expenses: Increased significantly by 12% year-on-year, totaling 115.9 million dinars.
- Impairments: Saw a substantial decrease of 24% year-on-year, down to 13.7 million dinars.
- Market Opinion: The stock has 2 buy recommendations, 4 hold, and 3 sell ratings.
A look at National Bank of Kuwait SAKP Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
The long-term outlook for National Bank of Kuwait S.A.K. is mixed, according to Smartkarma Smart Scores analysis. While the bank shows strength in growth and dividend payouts, it lags in value and resilience factors. The growth score of 4 indicates a positive trajectory for the bank’s expansion and profitability potential. In terms of dividends, the bank scores a respectable 3, implying a stable payout to investors. However, the value and resilience scores stand at 2, suggesting the bank may be trading at a higher valuation and could face challenges in turbulent market conditions. Momentum is moderate at 3, reflecting a steady performance trend.
National Bank of Kuwait S.A.K. is a commercial bank with a presence through local and overseas branches as well as subsidiaries. While the bank exhibits promising growth prospects and a decent dividend track record, investors may need to assess the overall valuation and resilience aspects carefully. With a balanced score across different factors, the bank’s performance in the long run will likely depend on its ability to navigate market challenges and sustain its growth momentum.
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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