استخدام نموذج مضاعف الربحية في تقييم أسهم المصارف التقليدية الخاصة المدرجة في سوق دمشق للأوراق المالية

Abstract

This research aims to test the ability of the Profitability Multiplier Model to determine the real value of the shares of private traditional banks listed on the Damascus Securities Exchange (Bank of Syria and Overseas, Qatar National Bank, and Ahli Trust Bank), and to evaluate these stocks during the period (2020-2023).

To achieve the objectives of the research, the real values of the shares of Bank of Syria and Overseas, Qatar National Bank, and Ahli Trust Bank was calculated according to the Profitability Multiplier Model and this value was compared with their average market value, and then statistical analysis was conducted by applying the Wilcoxon Test, Simple Linear Regression Test, and Analysis of Variance.

The study concluded that the Profitability Multiplier Model is able to determine the real values ​​of the banks in the study sample, as the explanatory power of the Profitability Multiplier Model reached 82.8%. The study also concluded that the shares of Bank of Syria and Overseas, Qatar National Bank, and Ahli Trust Bank are valued at less than their real value according to the profitability multiplier model.