- NBK reported a net income of 600.1 million dinars for the fiscal year.
- This net income reflects a year-over-year increase of 7%.
- The net income surpassed analysts’ estimates of 588.6 million dinars.
- Operating profit for NBK was recorded at 783.2 million dinars, marking a 5.8% increase from the previous year.
- The operating profit fell short of the estimated 799.3 million dinars.
- Pretax operating profit amounted to 696.8 million dinars, compared to 637.24 million dinars the previous year.
- This pretax operating profit slightly missed the forecasted 699.4 million dinars.
- Analyst recommendations for NBK include 2 buy ratings, 5 hold ratings, 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 | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Analysts using the Smartkarma Smart Scores have assessed the long-term outlook for National Bank of Kuwait S.A.K. The overall evaluation for the company suggests a favorable future trajectory. When considering key factors such as value, growth, dividend yield, resilience, and momentum, National Bank of Kuwait S.A.K. performs moderately well. Combining a solid growth potential and strong momentum, the bank reflects a promising outlook in the market.
National Bank of Kuwait S.A.K., a commercial bank with operations through local and overseas branches, as well as subsidiaries, presents a mixed picture in terms of its Smartkarma Smart Scores. While certain areas like growth and momentum show strengths, other factors such as value and resilience exhibit room for improvement. Overall, the company’s performance signifies a balanced approach towards long-term sustainability and market competitiveness.
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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