QNB (QNBC) AI Stock Analysis

• Market Cap: $129.58M
• Dividend Yield: 4.26%
• Average Volume (3M): 1.45K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.02
• Revenue Growth: 23.79%
• EPS Growth: 18.40%
• Country: US
• Employees: 193
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 3.11
• Shares Outstanding: 3,702,294
• 10 Day Avg. Volume: 2,178
• 30 Day Avg. Volume: 1,447
• PEG Ratio: 0.61
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.62
• Price to Cash Flow (P/CF): 5.00
• P/FCF Ratio: 3.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

QNBC demonstrates strong financial performance with significant revenue growth and improved profitability. The stock shows positive technical indicators, with a solid upward trend in price. Its valuation is appealing, supported by a reasonable P/E ratio and a healthy dividend yield. However, potential risks include the low equity ratio and potential overbought conditions as indicated by the Stochastic. Overall, QNBC's stock is well-positioned with a balanced risk-reward profile.

QNB Business Overview & Revenue Model

Company Description

QNB (QNBC), officially known as Qatar National Bank, is a leading financial institution headquartered in Doha, Qatar. It operates across multiple sectors, including retail banking, corporate banking, investment banking, asset management, and wealth management. QNB provides a comprehensive range of financial products and services to individual, corporate, and government clients, making it a cornerstone of the Qatari banking industry.

How the Company Makes Money

QNB makes money primarily through interest income from its lending activities, fees and commissions from its wide array of financial services, and investment income from its portfolio of assets. The bank's key revenue streams include personal loans, mortgages, credit cards, corporate loans, and trade financing. Additionally, QNB earns significant income from its investment banking and asset management divisions, which offer advisory services, investment products, and wealth management solutions. The bank's extensive network of branches and partnerships, both domestically and internationally, enhances its ability to generate revenue and expand its market reach.

QNB Financial Statement Overview

Summary

QNB demonstrates strong operational efficiency with solid EBIT and net profit margins. However, declining revenue growth is a concern. The balance sheet shows balanced leverage but low equity financing, which may pose risks. Cash flow metrics are strong, reflecting effective cash management. Overall, while profitability and cash generation are strengths, revenue growth and financial stability warrant attention.

Income Statement

The TTM (Trailing-Twelve-Months) data shows a healthy gross profit margin of 101.80%, indicating efficient cost management. The net profit margin is 12.88%, reflecting reasonable profitability. However, revenue growth from the previous year is negative at -8.70%, suggesting challenges in generating top-line growth. The EBIT margin is impressive at 56.81%, highlighting strong operating efficiency, though the EBITDA margin is lower at 10.75%, which might signal higher depreciation or amortization effects.

Balance Sheet

The debt-to-equity ratio is 0.87, which is moderate and indicates balanced leverage. Return on equity stands at 9.05%, showing decent profitability for shareholders. The equity ratio is 5.72%, suggesting a low proportion of equity financing relative to total assets, which might raise concerns about financial stability in downturns.

Cash Flow

Free cash flow has grown by 17.41% in the TTM period, a positive sign of liquidity and cash management. The operating cash flow to net income ratio is 1.74, indicating strong cash generation relative to net earnings. The free cash flow to net income ratio is 1.69, underscoring robust free cash flow relative to profitability.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
73.96M	45.84M	50.23M	51.91M	44.85M	44.61M
	Gross Profit
75.29M	73.67M	50.23M	51.91M	44.85M	44.61M
	EBIT
42.02M	17.03M	29.66M	20.45M	14.64M	15.21M
	EBITDA
7.95M	13.44M	21.38M	22.40M	16.84M	17.10M
	Net Income Common Stockholders
9.53M	9.48M	15.92M	16.49M	12.08M	12.36M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
358.07M	62.66M	563.67M	705.75M	474.98M	367.32M
	Total Assets
1.20B	1.71B	1.67B	1.67B	1.44B	1.23B
	Total Debt
51.77M	114.09M	10.00M	10.00M	68.84M	55.93M
	Net Debt
38.07M	51.44M	-5.90M	-3.39M	29.51M	38.32M
	Total Liabilities
1.09B	1.62B	1.60B	1.54B	1.31B	56.84M
	Stockholders Equity
110.36M	90.82M	70.96M	136.49M	134.44M	120.72M
Cash Flow		Free Cash Flow
16.08M	13.69M	16.28M	27.21M	6.88M	10.81M
	Operating Cash Flow
16.57M	14.46M	16.84M	30.39M	7.60M	13.90M
	Investing Cash Flow
-80.95M	23.04M	-71.65M	-282.49M	-185.13M	-33.57M
	Financing Cash Flow
114.78M	9.26M	57.32M	226.16M	199.25M	23.83M

QNB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 35.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QNBC, the sentiment is Neutral. The current price of 35.58 is above the 20-day moving average (MA) of 35.33, above the 50-day MA of 34.56, and above the 200-day MA of 30.62, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 54.69 is Neutral, neither overbought nor oversold. The STOCH value of 57.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for QNBC.

QNB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QNBC	75 Outperform	$129.58M	11.23	11.79%	4.26%	23.79%	18.40%
STBA	73 Outperform	$1.30B	9.92	9.85%	4.00%	5.36%	-8.74%
UVSP	68 Neutral	$753.75M	10.06	8.80%	3.23%	11.77%	7.54%
CCNE	67 Neutral	$425.27M	8.49	9.17%	3.49%	11.48%	-6.49%
Sector *	64 Neutral	$12.70B	9.08	9.19%	4.89%	16.29%	-8.64%
FULT	62 Neutral	$2.78B	9.70	9.69%	4.52%	21.10%	-4.20%
TMP	61 Neutral	$830.39M	11.59	10.25%	4.28%	41.65%	668.73%