Gulf Bank K.S.C. (GBK.KW) stock analysis

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

About Gulf Bank K.S.C.

Gulf Bank K.S.C. is a Financial Services company (Banks), listed on KUW as GBK.KW.

What our checks show for GBK.KW

Red flags

• The net margin fell by 10.3 points over 5 years, to 24.1%: the company keeps less of each sale as profit.
• The gross margin fell by 53.5 points, to 46.5%: 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 13% a year.
• Free cash flow is negative (-62.1% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 100% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 1.5%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• A small company (market value $1.36 billion): usually riskier and followed by fewer analysts.
• The stock is still below its previous peak.

Strengths

• Analysts expect the net margin to improve by 11.9 points from today's 24.1%.
• Net profit grew 12.2% a year over the last 3 years.
• The company keeps 24.1% of its revenue as net profit.
• The dividend takes 41% of profit: there is a cushion.
• The price moves calmly: 15% annual volatility.
• Beta 0.21: the stock usually moves less than the market.

Next earnings report: 2026-11-02

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BOUBYAN.KW · NBK.KW

Questions

What grade does Gulf Bank K.S.C. (GBK.KW) have?

In our weekly check, Gulf Bank K.S.C. is graded D (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 GBK.KW stock?

This week's biggest flags for Gulf Bank K.S.C.: 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 Gulf Bank K.S.C. do?

Gulf Bank K.S.C. is a Financial Services company (Banks), listed on KUW as GBK.KW.

When does Gulf Bank K.S.C. report earnings next?

The next earnings report is expected on 2026-11-02. We re-run the checks every week, so the grade can change after it.

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 2026-10-31

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