Emirates NBD Bank PJSC (EMIRATESNBD.AE) stock analysis

In our weekly check, Emirates NBD Bank PJSC is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 2, red flags: 10.

About Emirates NBD Bank PJSC

Emirates NBD Bank PJSC is a Financial Services company (Banks - Regional), listed on DFM as EMIRATESNBD.AE.

What our checks show for EMIRATESNBD.AE

Red flags

• The net margin fell by 5.6 points over 5 years, to 22.8%: the company keeps less of each sale as profit.
• The gross margin fell by 20 points, to 52.7%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect revenue to shrink about 17.2% a year.
• Free cash flow is negative (-132% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 81% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 9.5 years.
• Return on capital (ROCE) is only 2.2%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The price swings a lot: 38% annual volatility. Expect large ups and downs.

Strengths

• Analysts expect earnings per share to grow about 12.2% a year over the next years.
• Analysts expect the net margin to improve by 20.6 points from today's 22.8%.
• Revenue grew 34.5% a year over the last 3 years.
• Earnings per share grew 23.7% a year over the last 3 years.
• Net profit grew 22.8% a year over the last 3 years.
• The company keeps 22.8% of its revenue as net profit.

Similar companies

ABG.JO · 1180.SR · BBAS3.SA · NED.JO · DANSKE.CO

Questions

What grade does Emirates NBD Bank PJSC (EMIRATESNBD.AE) have?

In our weekly check, Emirates NBD Bank PJSC is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 2, red flags: 10. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of EMIRATESNBD.AE stock?

This week's biggest flags for Emirates NBD Bank PJSC: Margins falling, Gross margin falling, Profits not backed by cash. In total 12 of 25 checks show a warning or a red flag.

What does Emirates NBD Bank PJSC do?

Emirates NBD Bank PJSC is a Financial Services company (Banks - Regional), listed on DFM as EMIRATESNBD.AE.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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