Financials Alexandria Mineral Oils Company

Equities

AMOC

EGS380P1C010

Oil & Gas Refining and Marketing

End-of-day quote Egyptian Exchange Other stock markets 06:00:00 2024-05-20 pm EDT			5-day change	1st Jan Change
8.76 ^EGP	+5.54%		+31.93%	-11.16%

Feb. 15	Alexandria Mineral Oils Company Reports Earnings Results for the Half Year Ended December 31, 2023	CI
2023	Alexandria Mineral Oils Company Reports Earnings Results for the First Quarter Ended September 30, 2023	CI

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,812	2,932	4,081	4,598	10,487	11,314	-	-
Enterprise Value (EV) ¹	5,812	2,200	4,081	4,598	10,487	7,985	11,314	11,314
P/E ratio	14.5 x	-	9.03 x	4.19 x	11 x	7.68 x	4.69 x	5.41 x
Yield	-	-	4.75%	7.02%	-	9.59%	14.2%	13.2%
Capitalization / Revenue	0.4 x	0.33 x	0.4 x	0.25 x	0.44 x	0.34 x	0.27 x	0.31 x
EV / Revenue	0.4 x	0.24 x	0.4 x	0.25 x	0.44 x	0.24 x	0.27 x	0.31 x
EV / EBITDA	9.61 x	-4.5 x	6.38 x	-	6.76 x	5.33 x	3.89 x	4.27 x
EV / FCF	1.93 x	-1.06 x	7.4 x	-	5.16 x	15 x	8.05 x	6.76 x
FCF Yield	51.7%	-93.9%	13.5%	-	19.4%	6.65%	12.4%	14.8%
Price to Book	-	1.57 x	1.73 x	-	2.87 x	2.65 x	1.19 x	1.07 x
Nbr of stocks (in thousands)	1,291,500	1,291,500	1,291,500	1,291,500	1,291,500	1,291,500	-	-
Reference price ²	4.500	2.270	3.160	3.560	8.120	8.760	8.760	8.760
Announcement Date	9/5/19	9/6/20	8/31/21	8/21/22	9/6/23	-	-	-

¹EGP in Million²EGP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	14,664	8,984	10,183	18,442	23,889	32,927	41,641	36,618
EBITDA ¹	605	-488.7	639.6	-	1,551	1,497	2,910	2,647
EBIT ¹	527.5	-568.3	557.2	-	1,459	1,400	2,812	2,548
Operating Margin	3.6%	-6.33%	5.47%	-	6.11%	4.25%	6.75%	6.96%
Earnings before Tax (EBT) ¹	-	-461.8	560.4	-	1,436	1,951	3,200	2,924
Net income ¹	450	-488.3	446.1	1,090	1,065	1,671	2,638	2,204
Net margin	3.07%	-5.43%	4.38%	5.91%	4.46%	5.07%	6.33%	6.02%
EPS ²	0.3100	-	0.3500	0.8500	0.7400	1.140	1.867	1.620
Free Cash Flow ¹	3,005	-2,066	551.6	-	2,031	531	1,406	1,672
FCF margin	20.49%	-23%	5.42%	-	8.5%	1.61%	3.38%	4.57%
FCF Conversion (EBITDA)	496.67%	-	86.24%	-	130.93%	35.47%	48.32%	63.18%
FCF Conversion (Net income)	667.69%	-	123.66%	-	190.65%	31.78%	53.3%	75.87%
Dividend per Share ²	-	-	0.1500	0.2500	-	0.8400	1.245	1.160
Announcement Date	9/5/19	9/6/20	8/31/21	8/21/22	9/6/23	-	-	-

¹EGP in Million²EGP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2022 Q1	2022 Q3	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2
Net sales ¹	-	5,166	5,857	4,852	7,026	11,623	7,047	7,228
EBITDA	270.2	531.5	483.2	-	628.8	467.3	-	-
EBIT	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	555.7	-
Net income ¹	174.6	346.2	346.3	637.1	415.6	320.1	-	488.1
Net margin	-	6.7%	5.91%	13.13%	5.91%	2.75%	-	6.75%
EPS	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	11/13/22	5/15/22	11/13/22	2/12/23	5/21/23	9/6/23	11/14/23	2/15/24

¹EGP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	732	-	-	-	3,329	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	3,005	-2,066	552	-	2,031	531	1,406	1,673
ROE (net income / shareholders' equity)	13.8%	-20.2%	21.1%	-	31.6%	35%	45%	35.6%
ROA (Net income/ Total Assets)	8.5%	-11.5%	13.4%	-	19.7%	20%	26.9%	22.2%
Assets ¹	5,295	4,239	3,318	-	5,417	8,355	9,805	9,930
Book Value Per Share ²	-	1.450	1.820	-	2.830	3.300	7.380	8.200
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	58.5	42.6	31.7	-	111	94	100	109
Capex / Sales	0.4%	0.47%	0.31%	-	0.47%	0.29%	0.24%	0.3%
Announcement Date	9/5/19	9/6/20	8/31/21	8/21/22	9/6/23	-	-	-

¹EGP in Million²EGP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Alexandria Mineral Oils Company

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8.76 EGP

Average target price

10.77 EGP

Spread / Average Target

+22.98%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Oil & Gas Refining and Marketing

	1st Jan change	Capi.
ALEXANDRIA MINERAL OILS COMPANY	-11.16%	230M
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BP PLC	+5.29%	102B
MARATHON PETROLEUM CORPORATION	+19.02%	62.04B
PHILLIPS 66	+8.26%	61.23B
VALERO ENERGY CORPORATION	+24.92%	53.56B
IMPERIAL OIL LIMITED	+25.95%	37.5B
INDIAN OIL CORPORATION LIMITED	+28.53%	27.26B
FORMOSA PETROCHEMICAL CORPORATION	-13.88%	20.72B

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