INDUSTRIES QATAR Q.P.S.C. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.93 QAR | -0.25% |
|
-0.58% | -8.79% |
| May. 15 | Natural gas, a key vector in the energy transition? | MT |
| May. 05 | Transcript : Industries Qatar Q.P.S.C., Q1 2024 Earnings Call, May 05, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 62,194 | 65,764 | 93,714 | 77,500 | 79,134 | 71,027 | - | - |
| Enterprise Value (EV) 1 | 51,476 | 57,051 | 79,653 | 60,968 | 65,102 | 57,534 | 57,997 | 57,297 |
| P/E ratio | 23.9 x | 32.9 x | 11.6 x | 8.77 x | 16.8 x | 15.1 x | 13.3 x | 14.9 x |
| Yield | 3.89% | 3.04% | 6.46% | 8.59% | 5.96% | 6.87% | 6.88% | 6.98% |
| Capitalization / Revenue | 12.2 x | 8.89 x | 6.61 x | 4.12 x | 6.74 x | 6.15 x | 5.71 x | 5.62 x |
| EV / Revenue | 10.1 x | 7.71 x | 5.62 x | 3.24 x | 5.54 x | 4.99 x | 4.66 x | 4.53 x |
| EV / EBITDA | 1,926 x | 28.9 x | 12 x | 8.87 x | 20.3 x | 15.6 x | 13.5 x | 13.9 x |
| EV / FCF | -1,265 x | 33.5 x | 17 x | 9.8 x | 32.3 x | 10.5 x | 12.9 x | 9.86 x |
| FCF Yield | -0.08% | 2.99% | 5.87% | 10.2% | 3.1% | 9.55% | 7.73% | 10.1% |
| Price to Book | 1.82 x | 1.95 x | 2.8 x | 1.85 x | 1.98 x | 1.8 x | 1.74 x | 1.73 x |
| Nbr of stocks (in thousands) | 6,050,000 | 6,050,000 | 6,050,000 | 6,050,000 | 6,050,000 | 6,050,000 | - | - |
| Reference price 2 | 10.28 | 10.87 | 15.49 | 12.81 | 13.08 | 11.74 | 11.74 | 11.74 |
| Announcement Date | 2/10/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/8/24 | - | - | - |
1QAR in Million2QAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,096 | 7,400 | 14,169 | 18,794 | 11,744 | 11,540 | 12,434 | 12,642 |
| EBITDA 1 | 26.73 | 1,975 | 6,646 | 6,872 | 3,212 | 3,687 | 4,306 | 4,116 |
| EBIT 1 | -218.1 | 582.1 | 5,233 | 5,374 | 1,708 | 2,175 | 2,764 | 2,730 |
| Operating Margin | -4.28% | 7.87% | 36.93% | 28.59% | 14.55% | 18.84% | 22.23% | 21.6% |
| Earnings before Tax (EBT) 1 | 2,575 | 2,010 | 8,091 | 8,816 | 4,724 | 4,493 | 5,266 | 4,432 |
| Net income 1 | 2,575 | 1,975 | 8,089 | 8,815 | 4,720 | 4,710 | 5,222 | 4,756 |
| Net margin | 50.52% | 26.69% | 57.09% | 46.9% | 40.19% | 40.81% | 42% | 37.62% |
| EPS 2 | 0.4300 | 0.3300 | 1.340 | 1.460 | 0.7800 | 0.7789 | 0.8806 | 0.7865 |
| Free Cash Flow 1 | -40.68 | 1,704 | 4,675 | 6,218 | 2,017 | 5,496 | 4,481 | 5,811 |
| FCF margin | -0.8% | 23.02% | 33% | 33.09% | 17.17% | 47.63% | 36.03% | 45.96% |
| FCF Conversion (EBITDA) | - | 86.26% | 70.35% | 90.49% | 62.79% | 149.07% | 104.06% | 141.19% |
| FCF Conversion (Net income) | - | 86.26% | 57.8% | 70.54% | 42.72% | 116.7% | 85.8% | 122.17% |
| Dividend per Share 2 | 0.4000 | 0.3300 | 1.000 | 1.100 | 0.7800 | 0.8060 | 0.8078 | 0.8200 |
| Announcement Date | 2/10/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/8/24 | - | - | - |
1QAR in Million2QAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,723 | 5,281 | 5,131 | 4,212 | 4,170 | 3,467 | 2,635 | 2,834 | 2,808 | 2,913 | 2,709 | 2,913 | 3,744 |
| EBITDA | 2,544 | 2,222 | - | 1,150 | 1,391 | - | 531.2 | - | 859.6 | 1,035 | - | - | - |
| EBIT 1 | 2,068 | - | 1,724 | 784 | 1,010 | 582.3 | - | 585.5 | 406.3 | 672.5 | 858.1 | 858.1 | 858.1 |
| Operating Margin | 43.78% | - | 33.6% | 18.61% | 24.22% | 16.8% | - | 20.66% | 14.47% | 23.08% | 31.67% | 29.45% | 22.92% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 2,451 | 2,704 | 2,729 | 1,614 | 1,769 | 1,166 | 922.2 | 1,205 | 1,427 | 1,281 | - | - | - |
| Net margin | 51.89% | 51.2% | 53.18% | 38.31% | 42.41% | 33.63% | 35% | 42.53% | 50.81% | 43.95% | - | - | - |
| EPS | 0.4100 | 0.4500 | 0.4500 | 0.2600 | 0.3000 | 0.1900 | 0.1600 | 0.1900 | 0.2400 | 0.2100 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/7/22 | 4/25/22 | 8/7/22 | 10/26/22 | 2/9/23 | 5/8/23 | 8/9/23 | 10/25/23 | 2/8/24 | 4/30/24 | - | - | - |
1QAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 10,718 | 8,713 | 14,061 | 16,533 | 14,032 | 13,493 | 13,030 | 13,730 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -40.7 | 1,704 | 4,675 | 6,218 | 2,017 | 5,496 | 4,481 | 5,811 |
| ROE (net income / shareholders' equity) | 7.39% | 5.81% | 22.1% | 21.6% | 11.5% | 11.7% | 12.3% | 12.3% |
| ROA (Net income/ Total Assets) | 7.06% | 5.49% | 20.7% | 20.2% | 10.7% | 11% | 11.5% | 10.6% |
| Assets 1 | 36,470 | 35,960 | 39,096 | 43,656 | 44,027 | 42,635 | 45,363 | 44,872 |
| Book Value Per Share 2 | 5.660 | 5.580 | 5.540 | 6.940 | 6.600 | 6.520 | 6.730 | 6.800 |
| Cash Flow per Share 2 | 0.0200 | 0.3200 | 0.8600 | 1.160 | 0.7000 | 0.5500 | 0.8100 | 0.6600 |
| Capex 1 | 156 | 232 | 495 | 791 | 2,214 | 2,057 | 1,842 | 1,220 |
| Capex / Sales | 3.06% | 3.13% | 3.49% | 4.21% | 18.86% | 17.82% | 14.81% | 9.65% |
| Announcement Date | 2/10/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/8/24 | - | - | - |
1QAR in Million2QAR
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
OUTPERFORM
Number of Analysts
12
Last Close Price
11.93
QAR
Average target price
15.09
QAR
Spread / Average Target
+26.50%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.79% | 19.83B | |
| +14.14% | 895B | |
| 0.00% | 239B | |
| +28.54% | 176B | |
| -4.10% | 132B | |
| +49.02% | 87.72B | |
| -7.46% | 74.22B | |
| -8.26% | 56.16B | |
| +40.52% | 36.75B | |
| -37.87% | 34.63B |
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- Financials Industries Qatar Q.P.S.C.
