Emirates Nbd Bank PJSC
Emirates NBD Bank PJSC operates as a commercial bank within the Financials sector, generating revenue through interest income and fee-based banking services.
Business. Emirates Nbd Bank PJSC (ENBD.DU) is a commercial bank operating within the Banking Services industry group. The company generates revenue primarily through interest income, consistent with standard commercial banking models. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the description is limited to its industry classification and general business activity.
Analyst recommendations
15 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Emirates Nbd Bank PJSC (ENBD.DU) is a commercial bank operating within the Banking Services industry group. The company generates revenue primarily through interest income, consistent with standard commercial banking models. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the description is limited to its industry classification and general business activity.
- Emirates NBD reports a robust return on equity of 16.72% and net income of AED 23.98 billion.
- The bank carries a debt-to-equity ratio of 0.73 with long-term debt of AED 105.2 billion.
- Liquidity risk is rated medium due to negative net cash after debt subtraction.
- Dilution risk is low, with no difference between basic and diluted share counts.
- Analyst sentiment is moderately positive with a mean recommendation of 2.20 and a mean price target of 33.77 AED.
Bull / Bear case
Generated · model-assistedNet income grew at a 26.7% CAGR over four years, reaching AED 23.98 billion in FY2026.
Fifteen analysts maintain a buy recommendation, implying 21.9% upside from the current market price.
Total assets expanded at a 14.1% CAGR, reaching AED 1.16 trillion in FY2026.
Cash conversion ratio of -0.79 places the bank in the bottom quartile of its peer cohort.
Long-term debt increased to AED 105.17 billion in FY2026, up from AED 69.42 billion in FY2022.
Debt-to-equity ratio of 0.73 is below the cohort median, indicating higher leverage than peers.
The company faces a medium level of liquidity risk according to internal risk flag assessments.
Net income growth slowed to 4.4% year-over-year in FY2026, down from higher historical rates.
In focus — financials by report
Revenue AED 9.49B, +12,2% YoY; Net income +3,0% YoY.
- ▍Revenue AED 9.49B, +12,2% YoY
- ▍Net income +3,0% YoY
- ▍Free cash flow +126,4% YoY
- ▍Net margin 67.5%
Revenue AED 9.71B, +13,3% YoY; Net income +26,7% YoY.
- ▍Revenue AED 9.71B, +13,3% YoY
- ▍Net income +26,7% YoY
- ▍Free cash flow +24,4% YoY
- ▍Net margin 52.0%
Revenue AED 8.96B, +5,7% YoY; Net income +22,8% YoY.
- ▍Revenue AED 8.96B, +5,7% YoY
- ▍Net income +22,8% YoY
- ▍Free cash flow +33,7% YoY
- ▍Net margin 71.6%
Revenue AED 8.38B, +5,5% YoY; Net income −10,7% YoY.
- ▍Revenue AED 8.38B, +5,5% YoY
- ▍Net income −10,7% YoY
- ▍Free cash flow +21,8% YoY
- ▍Net margin 75.2%
Revenue AED 8.46B; Net margin 73.5%.
- ▍Revenue AED 8.46B
- ▍Net margin 73.5%
Revenue AED 8.57B; Net margin 46.5%.
- ▍Revenue AED 8.57B
- ▍Net margin 46.5%
Revenue AED 8.48B; Net margin 61.7%.
- ▍Revenue AED 8.48B
- ▍Net margin 61.7%
Revenue AED 7.94B; Net margin 88.9%.
- ▍Revenue AED 7.94B
- ▍Net margin 88.9%
Revenue AED 35.50B, +9,6% YoY; Net income +4,4% YoY.
- ▍Revenue AED 35.50B, +9,6% YoY
- ▍Net income +4,4% YoY
- ▍Free cash flow +33,8% YoY
- ▍Net margin 67.5%
Revenue AED 32.40B, +7,7% YoY; Net income +7,0% YoY.
- ▍Revenue AED 32.40B, +7,7% YoY
- ▍Net income +7,0% YoY
- ▍Free cash flow −20,7% YoY
- ▍Net margin 70.9%
Revenue AED 30.08B, +29,5% YoY; Net income +33,4% YoY.
- ▍Revenue AED 30.08B, +29,5% YoY
- ▍Net income +33,4% YoY
- ▍Free cash flow +30,1% YoY
- ▍Net margin 71.4%
Revenue AED 23.22B, +37,2% YoY; Net income +73,1% YoY.
- ▍Revenue AED 23.22B, +37,2% YoY
- ▍Net income +73,1% YoY
- ▍Free cash flow +81,7% YoY
- ▍Net margin 69.3%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3,69 |
| Revenue | —no estimate | —no estimate | 54,7B AED |
| Operating income | —no estimate | —no estimate | 35,8B AED |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Assetsnet_income / total_assets
- Return On Equitynet_income / total_equity
- Emirates Nbd Bank PJSC Market data — financials · 2026-07-11
- Emirates Nbd Bank PJSC Market data — analyst estimates · 2026-07-11
- Emirates Nbd Bank PJSC Market data — ESG · 2026-07-11
- Emirates Nbd Bank PJSC — company reference export (2026-07-05) · 2026-07-11