ARABIAN CENTRES COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.96 SAR | -0.60% |
|
0.00% | -3.95% |
| 09:18am | Cenomi Centers Sets Distribution Date for Q1 Dividend Payout | MT |
| May. 22 | Arabian Centres Company Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,846 | 11,899 | 10,726 | 9,072 | 9,868 | 9,479 | - | - |
| Enterprise Value (EV) 1 | 20,130 | 17,869 | 17,070 | 9,072 | 21,938 | 20,768 | 20,757 | 20,609 |
| P/E ratio | 16.5 x | 18.6 x | 22.1 x | 11.6 x | 6.51 x | 11 x | 9.42 x | 8.89 x |
| Yield | - | 5.59% | 5.54% | - | 7.8% | 7.99% | 8.7% | 8.73% |
| Capitalization / Revenue | 6.36 x | 5.42 x | 5.78 x | 5.38 x | 4.38 x | 3.85 x | 3.4 x | 3.05 x |
| EV / Revenue | 9.25 x | 8.13 x | 9.2 x | 5.38 x | 9.73 x | 8.44 x | 7.46 x | 6.62 x |
| EV / EBITDA | 13.7 x | 12.3 x | 10.8 x | - | 11.4 x | 13 x | 10.3 x | 8.51 x |
| EV / FCF | -95.5 x | 25.2 x | 33.1 x | - | - | 20.7 x | 13.1 x | 12.7 x |
| FCF Yield | -1.05% | 3.97% | 3.02% | - | - | 4.83% | 7.61% | 7.86% |
| Price to Book | 2.56 x | 1.99 x | 1.77 x | - | 0.69 x | 0.64 x | 0.62 x | 0.62 x |
| Nbr of stocks (in thousands) | 475,000 | 475,000 | 475,000 | 475,000 | 474,868 | 474,891 | - | - |
| Reference price 2 | 29.15 | 25.05 | 22.58 | 19.10 | 20.78 | 19.96 | 19.96 | 19.96 |
| Announcement Date | 6/26/19 | 6/24/20 | 6/22/21 | 2/16/23 | 3/26/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,176 | 2,197 | 1,856 | 1,688 | 2,254 | 2,460 | 2,784 | 3,111 |
| EBITDA 1 | 1,474 | 1,450 | 1,586 | - | 1,926 | 1,593 | 2,008 | 2,420 |
| EBIT 1 | 1,181 | 1,133 | 816.6 | - | 1,910 | 1,616 | 1,771 | 1,959 |
| Operating Margin | 54.27% | 51.56% | 43.99% | - | 84.73% | 65.71% | 63.6% | 62.98% |
| Earnings before Tax (EBT) 1 | 748.8 | - | 473.1 | - | 1,541 | 889 | 1,040 | 1,101 |
| Net income 1 | - | - | 486.7 | - | 1,501 | 861.2 | 1,007 | 1,066 |
| Net margin | - | - | 26.22% | - | 66.6% | 35.01% | 36.15% | 34.27% |
| EPS 2 | 1.770 | 1.350 | 1.020 | 1.640 | 3.190 | 1.813 | 2.119 | 2.245 |
| Free Cash Flow 1 | -210.8 | 710.1 | 515.8 | - | - | 1,004 | 1,579 | 1,620 |
| FCF margin | -9.68% | 32.31% | 27.79% | - | - | 40.82% | 56.71% | 52.07% |
| FCF Conversion (EBITDA) | - | 48.97% | 32.52% | - | - | 63.04% | 78.64% | 66.93% |
| FCF Conversion (Net income) | - | - | 105.99% | - | - | 116.59% | 156.86% | 151.92% |
| Dividend per Share 2 | - | 1.400 | 1.250 | - | 1.620 | 1.594 | 1.738 | 1.742 |
| Announcement Date | 6/26/19 | 6/24/20 | 6/22/21 | 2/16/23 | 3/26/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 446.3 | 576.8 | 565.3 | 567.7 | 543.9 | 585.8 | 593.5 | 596.1 | 617.8 |
| EBITDA | - | - | 436.8 | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | 0.8100 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 6/22/21 | 5/28/23 | 8/16/23 | 11/14/23 | 3/26/24 | 5/16/24 | - | - | - |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,283 | 5,970 | 6,345 | - | 12,070 | 11,289 | 11,279 | 11,130 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.264 x | 4.117 x | 4 x | - | 6.266 x | 7.088 x | 5.617 x | 4.598 x |
| Free Cash Flow 1 | -211 | 710 | 516 | - | - | 1,004 | 1,579 | 1,620 |
| ROE (net income / shareholders' equity) | 15.8% | 11.5% | 8.09% | - | 10.6% | 8.15% | 10.8% | 11.5% |
| ROA (Net income/ Total Assets) | - | - | 2.73% | - | 5.65% | 4% | 4.66% | 4.79% |
| Assets 1 | - | - | 17,808 | - | 26,566 | 21,529 | 21,625 | 22,283 |
| Book Value Per Share 2 | 11.40 | 12.60 | 12.70 | - | 30.10 | 31.00 | 32.00 | 32.10 |
| Cash Flow per Share | - | - | 2.180 | - | - | - | - | - |
| Capex 1 | 458 | 459 | 518 | - | - | 1,050 | 624 | 174 |
| Capex / Sales | 21.06% | 20.9% | 27.91% | - | - | 42.69% | 22.41% | 5.59% |
| Announcement Date | 6/26/19 | 6/24/20 | 6/22/21 | 2/16/23 | 3/26/24 | - | - | - |
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
D-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
19.96
SAR
Average target price
23.86
SAR
Spread / Average Target
+19.55%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.95% | 2.54B | |
| +6.69% | 10.81B | |
| +62.97% | 7.67B | |
| +9.27% | 3.15B | |
| +9.57% | 2.68B | |
| -8.74% | 2.48B | |
| -18.44% | 2.31B | |
| -23.94% | 2.13B | |
| +20.11% | 2.12B | |
| -20.00% | 2B |
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