ACWA POWER COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 456.6 SAR | -4.68% |
|
-4.48% | +78.02% |
| May. 22 | Saudi Arabia, Japanese Firms Sign Over 30 MoUs to Deepen Bilateral Collaboration | MT |
| May. 21 | Saudi, Japan Secure Over 30 Deals at Summit; Aramco, Eneo to Partner | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 61,412 | 111,127 | 187,893 | 334,488 | - | - |
| Enterprise Value (EV) 1 | 81,836 | 129,283 | 209,487 | 363,446 | 370,099 | 378,642 |
| P/E ratio | 80.9 x | 72 x | 113 x | 177 x | 99.5 x | 86.5 x |
| Yield | 0.92% | 0.55% | 0.18% | 0.14% | 0.19% | 0.18% |
| Capitalization / Revenue | 11.5 x | 21.1 x | 30.8 x | 47.6 x | 38.8 x | 32.7 x |
| EV / Revenue | 15.3 x | 24.5 x | 34.4 x | 51.7 x | 43 x | 37 x |
| EV / EBITDA | 29.1 x | 42 x | 60.8 x | 93.4 x | 66.2 x | 59.1 x |
| EV / FCF | 44.7 x | 95.9 x | -621 x | 138 x | 96.3 x | 84.5 x |
| FCF Yield | 2.24% | 1.04% | -0.16% | 0.73% | 1.04% | 1.18% |
| Price to Book | 4.55 x | 5.96 x | 9.81 x | 16.5 x | 14.3 x | 12.8 x |
| Nbr of stocks (in thousands) | 732,562 | 732,562 | 732,562 | 732,562 | - | - |
| Reference price 2 | 83.83 | 151.7 | 256.5 | 456.6 | 456.6 | 456.6 |
| Announcement Date | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 5,361 | 5,276 | 6,095 | 7,027 | 8,614 | 10,223 |
| EBITDA 1 | - | 2,814 | 3,079 | 3,447 | 3,892 | 5,595 | 6,412 |
| EBIT 1 | - | 2,193 | 2,614 | 2,984 | 3,400 | 4,960 | 5,633 |
| Operating Margin | - | 40.92% | 49.54% | 48.95% | 48.39% | 57.58% | 55.1% |
| Earnings before Tax (EBT) 1 | - | 827 | 1,491 | 1,835 | 1,759 | 3,783 | 4,263 |
| Net income 1 | 882.6 | 758.8 | 1,540 | 1,662 | 1,887 | 3,362 | 3,868 |
| Net margin | - | 14.15% | 29.19% | 27.26% | 26.85% | 39.03% | 37.84% |
| EPS 2 | 1.367 | 1.036 | 2.106 | 2.265 | 2.576 | 4.590 | 5.281 |
| Free Cash Flow 1 | - | 1,831 | 1,348 | -337.1 | 2,640 | 3,842 | 4,480 |
| FCF margin | - | 34.15% | 25.56% | -5.53% | 37.57% | 44.61% | 43.82% |
| FCF Conversion (EBITDA) | - | 65.05% | 43.79% | - | 67.83% | 68.68% | 69.87% |
| FCF Conversion (Net income) | - | 241.26% | 87.56% | - | 139.91% | 114.3% | 115.83% |
| Dividend per Share 2 | - | 0.7685 | 0.8283 | 0.4491 | 0.6445 | 0.8850 | 0.8084 |
| Announcement Date | 9/2/21 | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | 1,542,128 | 1,810 | 1,252 | - | - | - |
| EBITDA 1 | - | - | - | - | - | 841.1 | 929.2 | 1,002 | 519.2 | 1,209 | 1,211 | 1,220 |
| EBIT 1 | 533.1 | 516.7 | - | 652.8 | - | 727.1 | 814.2 | 877 | 401.2 | 1,040 | 1,040 | 1,040 |
| Operating Margin | - | - | - | - | - | - | 0.05% | 48.47% | 32.05% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 338.9 | - | 541.7 | - | 269.7 | 457 | - | - | 296.2 | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | 23.66% | - | - | - |
| EPS | - | - | 0.7385 | - | 0.3693 | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | 0.4491 | - | 0.4490 | - | - |
| Announcement Date | 3/16/22 | 5/17/22 | 8/11/22 | 11/3/22 | 5/22/23 | 8/10/23 | 11/2/23 | 2/29/24 | 5/9/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 20,424 | 18,156 | 21,594 | 28,958 | 35,611 | 44,154 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 7.257 x | 5.896 x | 6.265 x | 7.441 x | 6.365 x | 6.886 x |
| Free Cash Flow 1 | - | 1,831 | 1,348 | -337 | 2,640 | 3,843 | 4,480 |
| ROE (net income / shareholders' equity) | - | 10.6% | 9.58% | 8.79% | 8.36% | 13.3% | 13.3% |
| ROA (Net income/ Total Assets) | - | 2.63% | 3.24% | 3.2% | 2.82% | 5.02% | 5.39% |
| Assets 1 | - | 28,810 | 47,506 | 51,932 | 66,961 | 67,034 | 71,745 |
| Book Value Per Share 2 | - | 18.40 | 25.50 | 26.20 | 27.70 | 31.90 | 35.70 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 2,052 | 1,563 | 3,682 | 9,166 | 6,485 | 7,268 |
| Capex / Sales | - | 38.28% | 29.62% | 60.41% | 130.44% | 75.29% | 71.09% |
| Announcement Date | 9/2/21 | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
SELL
Number of Analysts
6
Last Close Price
456.6
SAR
Average target price
220.4
SAR
Spread / Average Target
-51.74%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +78.02% | 93.56B | |
| -26.00% | 79.28B | |
| +0.84% | 48B | |
| -17.15% | 42.28B | |
| -2.78% | 40.72B | |
| +21.90% | 37.38B | |
| +2.06% | 35.31B | |
| -14.93% | 28.29B | |
| +8.61% | 24.31B | |
| -9.48% | 23.74B |
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