ADES HOLDING COMPANY |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.92 SAR | +0.11% |
|
-2.50% | -25.25% |
| May. 14 | Ades Holding Wins SAR354 Million Jackup Drilling Contract in Thailand | MT |
| May. 13 | Saudi Stocks Close Monday in Green; Allied Cooperative Insurance Group Leads Rally | MT |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 26,285 | 5,227 | - | - |
| Enterprise Value (EV) 2 | 28,929 | 7,774 | 7,894 | 7,915 |
| P/E ratio | 40.7 x | 21.7 x | 16.8 x | 13.4 x |
| Yield | - | 2.45% | 3.22% | 3.91% |
| Capitalization / Revenue | 22.8 x | 3.25 x | 2.9 x | 2.66 x |
| EV / Revenue | 25 x | 4.83 x | 4.38 x | 4.02 x |
| EV / EBITDA | 50.7 x | 9.82 x | 8.96 x | 8.18 x |
| EV / FCF | -61.5 x | 17.8 x | 21.5 x | 14.9 x |
| FCF Yield | -1.63% | 5.62% | 4.65% | 6.71% |
| Price to Book | 4.57 x | 3.24 x | 2.93 x | 2.62 x |
| Nbr of stocks (in thousands) | 1,095,191 | 1,095,191 | - | - |
| Reference price 3 | 24.00 | 17.90 | 17.90 | 17.90 |
| Announcement Date | 3/6/24 | - | - | - |
1SAR in Million2USD in Million3SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 477.8 | 452.1 | 657.7 | 1,155 | 1,608 | 1,801 | 1,968 |
| EBITDA 1 | 193.4 | 193.6 | - | 570.3 | 791.5 | 881.5 | 968.1 |
| EBIT 1 | 124.4 | 104.4 | - | 346.2 | 470.1 | 522.6 | 563.8 |
| Operating Margin | 26.04% | 23.1% | - | 29.97% | 29.23% | 29.03% | 28.65% |
| Earnings before Tax (EBT) 1 | 40.87 | 30.97 | - | 141.1 | 290.6 | 369.4 | 437.1 |
| Net income 1 | 28.63 | 19.62 | 104.1 | 117.9 | 236.2 | 297.8 | 357.6 |
| Net margin | 5.99% | 4.34% | 15.83% | 10.21% | 14.68% | 16.54% | 18.17% |
| EPS 2 | - | - | - | 0.5900 | 0.8244 | 1.063 | 1.338 |
| Free Cash Flow 1 | -7.355 | 47.82 | - | -470.8 | 437.1 | 367 | 531.3 |
| FCF margin | -1.54% | 10.58% | - | -40.76% | 27.18% | 20.38% | 27% |
| FCF Conversion (EBITDA) | - | 24.7% | - | - | 55.23% | 41.64% | 54.89% |
| FCF Conversion (Net income) | - | 243.73% | - | - | 185.08% | 123.24% | 148.6% |
| Dividend per Share 2 | - | - | - | - | 0.4393 | 0.5756 | 0.6990 |
| Announcement Date | 4/7/20 | 3/30/21 | 9/21/23 | 3/6/24 | - | - | - |
1USD in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 257.8 | 249.3 | 202.8 | 287.6 | 339.3 | 408.5 | 400.8 | 395.9 | 404.3 |
| EBITDA 1 | 103.3 | 99.91 | - | 128.7 | 168.6 | 193.4 | 197.8 | 201.8 | 202.3 |
| EBIT 1 | - | - | - | 83.04 | 112.1 | 105.8 | 107.5 | 110.1 | 109.9 |
| Operating Margin | - | - | - | 28.88% | 33.03% | 27.97% | 26.83% | 27.81% | 27.17% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 68.27 | - | - | - |
| Net income 1 | 17.62 | - | 5.623 | - | 44.48 | 51.19 | - | - | - |
| Net margin | 6.83% | - | 2.77% | - | 13.11% | 13.53% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/7/20 | 9/22/20 | 3/30/21 | 11/9/23 | 3/6/24 | - | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 606 | 670 | - | 2,644 | 2,547 | 2,667 | 2,687 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.135 x | 3.458 x | - | 4.636 x | 3.218 x | 3.025 x | 2.776 x |
| Free Cash Flow 1 | -7.35 | 47.8 | - | -471 | 437 | 367 | 531 |
| ROE (net income / shareholders' equity) | 16.3% | 8.48% | - | 11.1% | 15% | 16.7% | 18% |
| ROA (Net income/ Total Assets) | 5.55% | 2.67% | - | 2.61% | 4.67% | 6.6% | 7.64% |
| Assets 1 | 516 | 733.9 | - | 4,522 | 5,063 | 4,511 | 4,683 |
| Book Value Per Share 2 | - | - | - | 5.250 | 5.520 | 6.110 | 6.830 |
| Cash Flow per Share 2 | - | - | - | 3.030 | 1.550 | 2.200 | - |
| Capex 1 | 179 | 118 | - | 1,079 | 145 | 464 | 341 |
| Capex / Sales | 37.54% | 26.02% | - | 93.44% | 9.02% | 25.75% | 17.32% |
| Announcement Date | 4/7/20 | 3/30/21 | 9/21/23 | 3/6/24 | - | - | - |
1USD 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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
17.9
SAR
Average target price
19
SAR
Spread / Average Target
+6.15%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -25.25% | 5.23B | |
| +15.08% | 18.77B | |
| +9.02% | 9.4B | |
| -1.29% | 6.79B | |
| +10.79% | 5.5B | |
| -4.88% | 4.95B | |
| +1.94% | 4.42B | |
| +17.53% | 3.93B | |
| +6.29% | 3.8B | |
| -26.81% | 3.37B |
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- Financials ADES Holding Company
