Financials The Power and Water Utility Company for Jubail and Yanbu

Equities

2083

SA15L0N10HH3

Multiline Utilities

Market Closed - Saudi Arabian S.E. 08:20:05 2024-05-30 am EDT 5-day change 1st Jan Change
58.7 SAR -1.68% Intraday chart for The Power and Water Utility Company for Jubail and Yanbu -5.17% -9.41%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 11,725 16,200 14,675 - -
Enterprise Value (EV) 1 22,585 25,569 25,208 22,061 23,916
P/E ratio 13.9 x 30.9 x 21 x 16.6 x 14 x
Yield 4.69% 3.4% 3.8% 4.82% 5.74%
Capitalization / Revenue 1.8 x 2.54 x 2.17 x 2.09 x 2.01 x
EV / Revenue 3.47 x 4 x 3.72 x 3.14 x 3.28 x
EV / EBITDA 9.96 x 11.4 x 10.5 x 8.59 x 8.92 x
EV / FCF - 34.8 x 14.9 x 11.1 x 12.1 x
FCF Yield - 2.87% 6.71% 8.97% 8.28%
Price to Book 1.42 x 1.98 x 1.76 x 1.68 x 1.65 x
Nbr of stocks (in thousands) 250,000 250,000 250,000 - -
Reference price 2 46.90 64.80 58.70 58.70 58.70
Announcement Date 3/9/23 3/7/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 6,505 6,389 6,778 7,023 7,289
EBITDA 1 2,268 2,234 2,389 2,567 2,682
EBIT 1 1,094 1,006 1,152 1,308 1,363
Operating Margin 16.82% 15.75% 16.99% 18.63% 18.7%
Earnings before Tax (EBT) 1 - 571.7 841 1,008 -
Net income 1 - 525.8 765 917 1,060
Net margin - 8.23% 11.29% 13.06% 14.54%
EPS 2 3.380 2.100 2.789 3.541 4.207
Free Cash Flow 1 - 734.6 1,691 1,979 1,981
FCF margin - 11.5% 24.95% 28.18% 27.18%
FCF Conversion (EBITDA) - 32.89% 70.77% 77.09% 73.87%
FCF Conversion (Net income) - 139.72% 221.05% 215.81% 186.89%
Dividend per Share 2 2.200 2.200 2.233 2.831 3.368
Announcement Date 3/9/23 3/7/24 - - -
1SAR in Million2SAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt 1 10,860 9,369 10,533 7,386 9,241
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) 4.789 x 4.194 x 4.408 x 2.877 x 3.446 x
Free Cash Flow 1 - 735 1,691 1,979 1,981
ROE (net income / shareholders' equity) 10.7% 6.39% 8.43% 10.3% 11.9%
ROA (Net income/ Total Assets) - - - - -
Assets 1 - - - - -
Book Value Per Share 2 33.00 32.80 33.40 34.90 35.50
Cash Flow per Share 2 8.580 5.610 8.340 8.050 9.070
Capex 1 753 667 670 585 700
Capex / Sales 11.58% 10.44% 9.88% 8.33% 9.6%
Announcement Date 3/9/23 3/7/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
58.7 SAR
Average target price
81 SAR
Spread / Average Target
+37.99%
Consensus

Annual profits - Rate of surprise

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