National Bank of Kuwait S.A.K.P. (NBK.KW) stock analysis

In our weekly check, National Bank of Kuwait S.A.K.P. is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 12 pass, warnings: 1, red flags: 11.

About National Bank of Kuwait S.A.K.P.

National Bank of Kuwait S.A.K.P. is a Financial Services company (Banks), listed on KUW as NBK.KW.

What our checks show for NBK.KW

Red flags

• The net margin fell by 8.4 points over 5 years, to 38.8%: the company keeps less of each sale as profit.
• The gross margin fell by 12.4 points, to 87.6%: 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 14.3% a year.
• Free cash flow is negative (-7.5% 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?
• Recovering from its deepest fall took about 7.8 years.
• Return on capital (ROCE) is only 1.6%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 10.5% a year.

Strengths

• Analysts expect the net margin to improve by 3.2 points from today's 38.8%.
• Revenue grew 16.3% a year over the last 3 years.
• Earnings per share grew 18% a year over the last 3 years.
• Net profit grew 17.8% a year over the last 3 years.
• The company keeps 38.8% of its revenue as net profit.
• The price is 9.5 times earnings (P/E), reasonable for its growth.

Similar companies

1060.SR · 1150.SR · DIB.AE · KFH.KW

Questions

What grade does National Bank of Kuwait S.A.K.P. (NBK.KW) have?

In our weekly check, National Bank of Kuwait S.A.K.P. is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 12 pass, warnings: 1, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NBK.KW stock?

This week's biggest flags for National Bank of Kuwait S.A.K.P.: Margins falling, Gross margin falling, Profits not backed by cash. In total 12 of 24 checks show a warning or a red flag.

What does National Bank of Kuwait S.A.K.P. do?

National Bank of Kuwait S.A.K.P. is a Financial Services company (Banks), listed on KUW as NBK.KW.

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

Open the full analysis