QATAR GAS TRANSPORT COMPANY LIMITED (NAKILAT) (QPSC) Financials Qatar Gas Transport Company Limited (Nakilat) (QPSC)
Equities
QGTS
QA000A0KD6L1
Oil & Gas Transportation Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.108 QAR | -2.52% |
|
-1.39% | +16.70% |
| Apr. 28 | Qatar Gas Transport Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 31 | QATARENERGY CEO: CONTRACTS WILL BE WITH SEVERAL DIFFERENT SHIP O… | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,238 | 17,613 | 18,278 | 20,288 | 19,502 | 22,759 | - | - |
| Enterprise Value (EV) 1 | 32,083 | 35,617 | 36,727 | 37,509 | 34,683 | 36,480 | 37,574 | 43,394 |
| P/E ratio | 13.3 x | 15.1 x | 13.8 x | 14.1 x | 12.6 x | 13.8 x | 12.9 x | 11.8 x |
| Yield | 4.18% | 3.46% | 3.64% | 3.55% | 3.98% | 3.55% | 3.8% | 4.19% |
| Capitalization / Revenue | 4.11 x | 4.97 x | 5.09 x | 5.63 x | 5.38 x | 6.25 x | 6.19 x | 5.92 x |
| EV / Revenue | 9.96 x | 10 x | 10.2 x | 10.4 x | 9.57 x | 10 x | 10.2 x | 11.3 x |
| EV / EBITDA | 13.4 x | 13.1 x | 11.1 x | 10.6 x | 12.8 x | 13.4 x | 13.7 x | 15 x |
| EV / FCF | 33.4 x | 21 x | 21.7 x | 21.5 x | 28.9 x | 124 x | -17.8 x | -8.17 x |
| FCF Yield | 2.99% | 4.77% | 4.61% | 4.66% | 3.46% | 0.8% | -5.62% | -12.2% |
| Price to Book | - | 2.48 x | 2.09 x | 1.8 x | 1.61 x | 1.73 x | 1.6 x | 1.5 x |
| Nbr of stocks (in thousands) | 5,538,717 | 5,538,778 | 5,538,780 | 5,540,264 | 5,540,264 | 5,540,264 | - | - |
| Reference price 2 | 2.390 | 3.180 | 3.300 | 3.662 | 3.520 | 4.108 | 4.108 | 4.108 |
| Announcement Date | 2/18/20 | 2/8/21 | 2/7/22 | 2/13/23 | 1/28/24 | - | - | - |
1QAR in Million2QAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,221 | 3,547 | 3,590 | 3,606 | 3,626 | 3,640 | 3,675 | 3,845 |
| EBITDA 1 | 2,394 | 2,720 | 3,298 | 3,525 | 2,716 | 2,731 | 2,746 | 2,885 |
| EBIT 1 | 1,512 | 1,828 | 2,403 | 2,579 | 1,781 | 1,814 | 1,826 | 1,955 |
| Operating Margin | 46.93% | 51.55% | 66.93% | 71.52% | 49.12% | 49.86% | 49.68% | 50.84% |
| Earnings before Tax (EBT) 1 | - | 1,161 | 1,354 | 1,439 | 1,559 | 1,643 | 1,775 | 1,957 |
| Net income 1 | 1,002 | 1,160 | 1,353 | 1,439 | 1,558 | 1,648 | 1,768 | 1,956 |
| Net margin | 31.1% | 32.71% | 37.7% | 39.91% | 42.97% | 45.29% | 48.1% | 50.88% |
| EPS 2 | 0.1800 | 0.2100 | 0.2400 | 0.2600 | 0.2800 | 0.2967 | 0.3183 | 0.3483 |
| Free Cash Flow 1 | 960.8 | 1,697 | 1,694 | 1,746 | 1,201 | 293.4 | -2,110 | -5,309 |
| FCF margin | 29.83% | 47.85% | 47.17% | 48.44% | 33.13% | 8.06% | -57.41% | -138.07% |
| FCF Conversion (EBITDA) | 40.13% | 62.4% | 51.35% | 49.54% | 44.22% | 10.74% | - | - |
| FCF Conversion (Net income) | 95.89% | 146.28% | 125.13% | 121.37% | 77.11% | 17.8% | - | - |
| Dividend per Share 2 | 0.1000 | 0.1100 | 0.1200 | 0.1300 | 0.1400 | 0.1460 | 0.1560 | 0.1720 |
| Announcement Date | 2/18/20 | 2/8/21 | 2/7/22 | 2/13/23 | 1/28/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 919.4 | 863.1 | 901.8 | 906.7 | 912.3 | 892 | 886.6 | 896.2 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | 690.2 | - | - | - | - | - | 691.1 | - | - | - |
| Operating Margin | 75.07% | - | - | - | - | - | 77.95% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | 349.9 | - | - | - | - | - | - | - | - | - |
| Net margin | 38.05% | - | - | - | - | - | - | - | - | - |
| EPS 1 | 0.0600 | - | - | - | 0.0600 | - | - | - | 0.0700 | 0.0800 |
| Dividend per Share | 0.1200 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/7/22 | 4/17/22 | 8/8/22 | 10/16/22 | 2/13/23 | 4/16/23 | 8/2/23 | 11/7/23 | 1/28/24 | 4/28/24 |
1QAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 18,845 | 18,004 | 18,449 | 17,220 | 15,181 | 13,721 | 14,815 | 20,635 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.871 x | 6.619 x | 5.593 x | 4.885 x | 5.589 x | 5.024 x | 5.395 x | 7.152 x |
| Free Cash Flow 1 | 961 | 1,697 | 1,694 | 1,746 | 1,201 | 293 | -2,110 | -5,309 |
| ROE (net income / shareholders' equity) | 14.5% | 16.6% | 13.5% | 14.4% | 13.4% | 13% | 12.8% | 12.6% |
| ROA (Net income/ Total Assets) | - | 3.57% | 4.17% | 4.46% | 4.86% | 5.12% | 5.35% | 5.45% |
| Assets 1 | - | 32,515 | 32,469 | 32,253 | 32,086 | 32,212 | 33,076 | 35,874 |
| Book Value Per Share 2 | - | 1.280 | 1.580 | 2.030 | 2.180 | 2.380 | 2.570 | 2.740 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 290 | 117 | 14.2 | 98 | 616 | 2,962 | 5,417 | 8,944 |
| Capex / Sales | 9% | 3.29% | 0.4% | 2.72% | 16.99% | 81.39% | 147.4% | 232.6% |
| Announcement Date | 2/18/20 | 2/8/21 | 2/7/22 | 2/13/23 | 1/28/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
4.108
QAR
Average target price
5.077
QAR
Spread / Average Target
+23.58%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.70% | 6.25B | |
| +3.84% | 76.74B | |
| +7.06% | 61.26B | |
| +15.22% | 48.88B | |
| +15.14% | 46.8B | |
| +8.11% | 42.35B | |
| +9.50% | 41.13B | |
| +1.29% | 39.65B | |
| +31.55% | 25.24B | |
| -1.35% | 23.86B |
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- Financials Qatar Gas Transport Company Limited (Nakilat) (QPSC)
