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GFH Financial Group BSC (GFH.AE)

AED2.05 +0.01 (+0.49%)
BH DFM Financial Services Banks - Regional
Address Bahrain Financial Harbour, Building 1398
Manama, BH
CEO Hisham Ahmed Al Rayes
Website gfh.com
IPO 2010-02-22
ISIN BH000A0CAQK6

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Description

GFH Financial Group BSC functions as a wholesale investment bank specializing in Islamic finance, offering investment advice and transaction facilitation across the GCC, MENA region, Asia, North America, and other global markets. Its activities are segmented into Investment Banking, Commercial Banking, and Proprietary & Treasury. The Investment Banking division focuses on private equity and asset management, alongside Islamic asset-backed and equity capital market solutions, Sharia-compliant financial guidance, and mid-tier mergers and acquisitions. Through its Commercial Banking segment, the company delivers commercial, corporate, and retail banking services, wealth management, structured investment products, and project funding. The Proprietary & Treasury segment manages treasury operations and handles residual and co-investment assets. Furthermore, GFH is engaged in real estate development and investment, hospitality management, and educational institution operations, in addition to owning and leasing properties. The company, initially known as Gulf Finance House BSC, was established in 1999 and is based in Manama, Kingdom of Bahrain.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AED2.05 +0.01 (+0.49%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.50
Float Shares
2.64B
Free Float %
75.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -0.46% -0.92% +3.35% +0.47% -5.26% +91.15% +116.65% +228.20% +218.09% -68.51%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.05
DCF (Unlevered) 0.28 -86.2%
DCF (Levered) 0.18 -91.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-02 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.23
Distress
Piotroski F-Score
3 / 9
Average
Operational MOAT
  • Revenue growth
    +20.5% Q1'26: +144.2% (vs Q1'25)
  • EPS growth
    +27.0% Q1'26: +17.6% (vs Q1'25)
  • FCF margin
    Q1'26: +13.2% (vs Q1'25)
  • EBIT margin
    Q1'26: +13.1% (vs Q1'25)
  • ROIC
    Q1'26: +1.9% (vs Q1'25)
  • Share dilution
    +980.3% Q1'26: +1,059.4% (vs Q1'25)
  • Debt / EBITDA
    Q1'26: 42.56× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.57) × ERP
WACC = 91% × Ke + 9% × Kd (22.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.28 Current price: 2.05
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
569.20M
est: 153.57M (+270.6%)
199.98M
est: 275.52M (-27.4%)
205.75M
est: 287.73M (-28.5%)
154.89M
est: 337.99M (-54.2%)
178.44M
est: 268.73M (-33.6%)
226.95M
est: 296.83M (-23.5%)
218.43M
est: 241.01M (-9.4%)
260.15M
est: 300.01M (-13.3%)
361.86M
est: 425.30M (-14.9%)
436.08M
est: 618.25M (-29.5%)
506.41M
506.41M – 506.41M
-18.1% YoY
543.44M
543.44M – 543.44M
+7.3% YoY
568.46M
568.46M – 568.46M
+4.6% YoY
EBITDA
233.18M
est: 62.73M (+271.7%)
102.18M
est: 112.55M (-9.2%)
113.61M
est: 117.54M (-3.3%)
55.76M
est: 138.07M (-59.6%)
55.49M
est: 109.78M (-49.4%)
95.16M
est: 121.26M (-21.5%)
103.55M
est: 98.45M (+5.2%)
116.47M
est: 122.55M (-5.0%)
141.31M
est: 178.52M (-20.8%)
160.14M
est: 259.51M (-38.3%)
212.57M
212.57M – 212.57M
-18.1% YoY
228.11M
228.11M – 228.11M
+7.3% YoY
238.61M
238.61M – 238.61M
+4.6% YoY
EBIT
229.40M
est: 58.10M (+294.8%)
95.90M
est: 104.23M (-8.0%)
111.51M
est: 108.85M (+2.4%)
53.58M
est: 127.87M (-58.1%)
49.34M
est: 101.66M (-51.5%)
92.62M
est: 112.29M (-17.5%)
97.71M
est: 91.18M (+7.2%)
105.23M
est: 113.50M (-7.3%)
128.51M
est: 165.76M (-22.5%)
145.50M
est: 240.96M (-39.6%)
197.37M
197.37M – 197.37M
-18.1% YoY
211.80M
211.80M – 211.80M
+7.3% YoY
221.55M
221.55M – 221.55M
+4.6% YoY
Net Income
217.13M
est: 26.52M (+718.8%)
104.18M
est: 114.73M (-9.2%)
114.08M
est: 124.73M (-8.5%)
66.03M
est: 113.98M (-42.1%)
45.10M
est: 113.65M (-60.3%)
84.22M
est: 114.08M (-26.2%)
90.25M
est: 119.00M (-24.2%)
102.86M
est: 118.39M (-13.1%)
118.50M
est: 1.28B (-90.7%)
140.11M
est: 1.70B (-91.8%)
1.71B
1.71B – 1.71B
+0.5% YoY
2.14B
2.14B – 2.14B
+25.0% YoY
2.14B
2.14B – 2.14B
+0.0% YoY
SGA
19.92M
est: 21.61M (-7.8%)
13.11M
est: 38.77M (-66.2%)
21.75M
est: 40.49M (-46.3%)
23.30M
est: 47.56M (-51.0%)
26.54M
est: 37.82M (-29.8%)
21.65M
est: 41.77M (-48.2%)
33.97M
est: 33.92M (+0.2%)
43.24M
est: 42.22M (+2.4%)
49.85M
est: 56.69M (-12.1%)
48.66M
est: 82.41M (-40.9%)
67.50M
67.50M – 67.50M
-18.1% YoY
72.44M
72.44M – 72.44M
+7.3% YoY
75.77M
75.77M – 75.77M
+4.6% YoY
EPS
0.08
est: 0.01 (+1,067.8%)
0.03
est: 0.03 (+4.7%)
0.03
est: 0.03 (-10.4%)
0.02
est: 0.03 (-33.8%)
0.01
est: 0.03 (-54.1%)
0.02
est: 0.03 (-14.5%)
0.03
est: 0.03 (-12.7%)
0.03
est: 0.03 (-1.9%)
0.03
est: 0.03 (+0.3%)
0.04
est: 0.04 (-4.4%)
0.04
0.04 – 0.04
+0.5% YoY
0.05
0.05 – 0.05
+25.0% YoY
0.05
0.05 – 0.05
+0.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-25 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-22 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-21 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-20 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-19 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-18 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-15 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-14 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-13 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-12 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-11 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-08 C+ 2/5 2/5 4/5 4/5 1/5 1/5 1/5
2026-05-07 C+ 2/5 2/5 4/5 4/5 1/5 1/5 1/5
2026-05-06 C+ 2/5 2/5 4/5 4/5 1/5 1/5 1/5
2026-05-05 C+ 2/5 2/5 4/5 4/5 1/5 1/5 1/5
2026-05-04 C+ 2/5 2/5 4/5 4/5 1/5 1/5 1/5
2026-05-01 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-30 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-29 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-28 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-27 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-24 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-23 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-22 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-21 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-20 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-17 B- 3/5 3/5 4/5 5/5 1/5 1/5 1/5
2026-04-16 B- 3/5 3/5 4/5 5/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
566.70M
OE per share TTM
0.13
Owner's Yield
0.64%
Maintenance CapEx ratio
201.55%
Maint CapEx / Avg PPE
52.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 21 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.32% 379.9K 0.42%
2 Avantis Emerging Markets ex-China Equity ETF AVXC 0.05% 218.9K 0.33%
3 Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L 0.03% 75.1K 0.35%
4 Avantis Emerging Markets Equity ETF AVEM 0.03% 6.91M 0.33%
5 Avantis Emerging Markets Value ETF AVES 0.02% 281.6K 0.36%
6 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.02% 214.2K 0.48%
7 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 915.8K 0.06%
8 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 67.9K 0.26%
9 Vanguard FTSE Emerging Markets ETF VWO 0.00% 3.35M 0.06%
10 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 31.5K 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.23M
Shares Outstanding
3.51B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Hisham Ahmed Al Rayes Group Chief Executive Officer & Director 163.1K male
Ayman A. Zaidan Group Chief Treasury & Financial Institutions male
Baha Al-Marzooq Chief of Internal Audit male
Bhaskar Mehta Acting Chief Financial Officer & Chief Risk Officer male
Hammad Younas Chief Executive Officer of GFH Equities & Group Chief Investment Officer male
Majed Abdulla Al Khan Chief Executive Officer of Gulf Holding male
Mariam Jowhary Head of Compliance & AML female
Mohamed Yousif Ahmed Abdulsalam Group Head of Sharia Compliance
Muneera Mohammed Isa Head of Human Resources female
Nael Mustafa Co-Chief Investment Officer of Real Estate & CEO of GFH Partners Ltd. male
Osama Ali Hasan Nasr Chief Digital Banking Officer male
Pietro de Libero Chief Legal Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits