Financials Parkin Company

Equities

PARKIN

AEE01370P249

Highways & Rail Tracks

Market Closed - Dubai FM 06:55:24 2024-05-31 am EDT 5-day change 1st Jan Change
2.68 AED -.--% Intraday chart for Parkin Company +1.52% -.--%

Valuation

Fiscal Period: December 2024 2025 2026
Capitalization 1 8,040 - -
Enterprise Value (EV) 1 8,801 8,822 8,808
P/E ratio 21 x 21.1 x 19.1 x
Yield 5.32% 5.05% 5.28%
Capitalization / Revenue 9.8 x 9.28 x 8.88 x
EV / Revenue 10.7 x 10.2 x 9.73 x
EV / EBITDA 17.6 x 16.7 x 15.8 x
EV / FCF 18.2 x 19 x 18 x
FCF Yield 5.5% 5.25% 5.55%
Price to Book 24.9 x 27.5 x 28.7 x
Nbr of stocks (in thousands) 3,000,000 - -
Reference price 2 2.680 2.680 2.680
Announcement Date - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2023 2024 2025 2026
Net sales 1 - 820 866.7 905.1
EBITDA 1 - 500.1 528.6 556.8
EBIT 1 - 450 474.5 505.2
Operating Margin - 54.88% 54.75% 55.82%
Earnings before Tax (EBT) 1 394.1 388.6 417.1 449.8
Net income 1 394.1 353.6 379.6 409.1
Net margin - 43.12% 43.8% 45.2%
EPS 2 - 0.1277 0.1267 0.1406
Free Cash Flow 1 - 484.3 463.2 489
FCF margin - 59.06% 53.45% 54.03%
FCF Conversion (EBITDA) - 96.84% 87.63% 87.82%
FCF Conversion (Net income) - 136.98% 122.03% 119.54%
Dividend per Share 2 - 0.1426 0.1354 0.1416
Announcement Date 2/27/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 215.3 202 195 208.8
EBITDA - - - -
EBIT 1 125.6 109.2 96.21 112.6
Operating Margin 58.33% 54.06% 49.34% 53.91%
Earnings before Tax (EBT) - - - -
Net income - - - -
Net margin - - - -
EPS - - - -
Dividend per Share - - - -
Announcement Date 5/9/24 - - -
1AED in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2023 2024 2025 2026
Net Debt 1 - 761 782 768
Net Cash position 1 - - - -
Leverage (Debt/EBITDA) - 1.521 x 1.479 x 1.38 x
Free Cash Flow 1 - 484 463 489
ROE (net income / shareholders' equity) - 134% 112% 129%
ROA (Net income/ Total Assets) - 18.2% 19.6% 21.3%
Assets 1 - 1,943 1,937 1,925
Book Value Per Share 2 - 0.1100 0.1000 0.0900
Cash Flow per Share 2 - 0.1600 0.1500 0.1600
Capex 1 - 23.5 25.9 29.1
Capex / Sales - 2.86% 2.99% 3.21%
Announcement Date 2/27/24 - - -
1AED in Million2AED
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
OUTPERFORM
Number of Analysts
5
Last Close Price
2.68 AED
Average target price
2.91 AED
Spread / Average Target
+8.58%
Consensus

Quarterly revenue - Rate of surprise

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