KUWAIT FINANCE HOUSE K.S.C.P. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.722 KWD | +1.26% |
|
+2.27% | +8.39% |
| Jun. 25 | Saudi Shares in Green Amid Expansion, Cross-border Deal Talks | MT |
| May. 15 | Al Salam Bank Finalizes Take Over of Kuwait Finance House's Bahrain Unit | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,602 | 5,148 | 6,969 | 10,969 | 10,604 | 11,996 | - | - |
| Enterprise Value (EV) 1 | 5,602 | 5,148 | 6,969 | 10,969 | 10,604 | 11,996 | 11,996 | 11,996 |
| P/E ratio | 22.2 x | 34.7 x | 29.1 x | 24.5 x | 18.9 x | 19.3 x | 18.1 x | 18.1 x |
| Yield | 2.47% | 1.48% | 1.44% | 1.82% | 1.38% | 2.65% | 2.64% | 2.9% |
| Capitalization / Revenue | 6.88 x | 6.47 x | 8.59 x | 10.2 x | 7.26 x | 7.88 x | 7.61 x | 7.24 x |
| EV / Revenue | 6.88 x | 6.47 x | 8.59 x | 10.2 x | 7.26 x | 7.88 x | 7.61 x | 7.24 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 2.72 x | 2.71 x | 3.61 x | 2.05 x | 1.99 x | 2.03 x | 1.94 x | 1.87 x |
| Nbr of stocks (in thousands) | 11,023,138 | 11,031,735 | 11,047,990 | 15,979,951 | 15,920,912 | 16,614,689 | - | - |
| Reference price 2 | 0.5082 | 0.4666 | 0.6308 | 0.6864 | 0.6661 | 0.7220 | 0.7220 | 0.7220 |
| Announcement Date | 1/27/20 | 2/4/21 | 2/8/22 | 2/6/23 | 2/1/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 814.4 | 795.6 | 811 | 1,072 | 1,461 | 1,523 | 1,576 | 1,658 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 510.1 | 499.6 | 503.1 | 723.3 | 945.4 | 992.5 | 1,042 | 1,106 |
| Operating Margin | 62.64% | 62.79% | 62.03% | 67.45% | 64.72% | 65.17% | 66.14% | 66.74% |
| Earnings before Tax (EBT) 1 | 313.2 | 215.5 | 367.7 | 533.6 | 828.2 | 859.8 | 911.8 | 978 |
| Net income 1 | 251 | 148.4 | 243.4 | 357.7 | 584.5 | 603.2 | 626.5 | 682 |
| Net margin | 30.82% | 18.65% | 30.01% | 33.36% | 40.01% | 39.61% | 39.75% | 41.13% |
| EPS 2 | 0.0228 | 0.0134 | 0.0217 | 0.0280 | 0.0353 | 0.0374 | 0.0399 | 0.0398 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0125 | 0.006890 | 0.009100 | 0.0125 | 0.009170 | 0.0191 | 0.0190 | 0.0210 |
| Announcement Date | 1/27/20 | 2/4/21 | 2/8/22 | 2/6/23 | 2/1/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 220.2 | 228.2 | 229.6 | 240.3 | 374.3 | 379.1 | 381.4 | 345.1 | 392.4 | 412.5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 138.8 | 148.2 | 160.1 | 155 | 259.9 | 251.2 | 250.7 | 205.6 | 247.6 | 266.5 |
| Operating Margin | - | 63.03% | 64.96% | 69.74% | 64.53% | 69.45% | 66.25% | 65.73% | 59.58% | 63.1% | 64.61% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 102.2 | 75.33 | 69.5 | 68.58 | 67.69 | 151.9 | 162.1 | 128.1 | 123 | 162.8 | 190.7 |
| Net margin | - | 34.21% | 30.46% | 29.88% | 28.17% | 40.6% | 42.76% | 33.6% | 35.64% | 41.5% | 46.22% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/3/21 | 2/8/22 | 4/21/22 | 7/27/22 | 10/20/22 | 2/6/23 | 4/30/23 | 10/18/23 | 2/1/24 | 4/24/24 | - |
1KWD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 12.7% | 7.43% | 12.6% | 9.81% | 11% | 17.2% | 16.2% | 15.8% |
| ROA (Net income/ Total Assets) | 1.35% | 0.73% | 1.12% | 1.22% | 1.54% | 1.52% | 1.56% | 1.53% |
| Assets 1 | 18,581 | 20,446 | 21,644 | 29,379 | 37,980 | 39,775 | 40,289 | 44,672 |
| Book Value Per Share 2 | 0.1900 | 0.1700 | 0.1700 | 0.3400 | 0.3300 | 0.3600 | 0.3700 | 0.3900 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/27/20 | 2/4/21 | 2/8/22 | 2/6/23 | 2/1/24 | - | - | - |
1KWD in Million2KWD
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
UNDERPERFORM
Number of Analysts
7
Last Close Price
0.722
KWD
Average target price
0.5876
KWD
Spread / Average Target
-18.62%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +8.39% | 38.61B | |
| -7.63% | 56.44B | |
| +15.61% | 11.55B | |
| -11.17% | 10.72B | |
| +1.24% | 7.8B | |
| +40.80% | 7.06B | |
| -12.20% | 5.94B | |
| -4.65% | 5.38B | |
| +0.56% | 4.4B | |
| +6.68% | 4.37B |
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