Financials Riyadh Cables Group Company

Equities

4142

SA15LGLI0N19

Electrical Components & Equipment

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:05 2024-05-16 am EDT			5-day change	1st Jan Change
105.2 ^SAR	+0.19%		+9.81%	+13.61%

May. 13	Riyadh Cables Group Reports Growth in Q1 Net Profit, Revenue	MT
Apr. 22	Riyadh Cables Group Company Approves Dividend for the Fiscal Year Ended on December 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	5,438	13,887	15,720	-	-
Enterprise Value (EV) ¹	6,798	13,887	15,720	15,720	15,720
P/E ratio	15.4 x	26.8 x	25.5 x	21.9 x	21.8 x
Yield	-	2.7%	2.85%	3.31%	3.49%
Capitalization / Revenue	0.79 x	1.77 x	1.85 x	1.75 x	1.67 x
EV / Revenue	0.79 x	1.77 x	1.85 x	1.75 x	1.67 x
EV / EBITDA	10.4 x	19.1 x	18.6 x	16.7 x	16.6 x
EV / FCF	39 x	11.7 x	36.8 x	33.7 x	41.7 x
FCF Yield	2.57%	8.55%	2.72%	2.96%	2.4%
Price to Book	2.56 x	-	-	-	-
Nbr of stocks (in thousands)	150,000	149,970	149,718	-	-
Reference price ²	36.25	92.60	105.0	105.0	105.0
Announcement Date	3/19/23	3/7/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	4,883	6,852	7,825	8,518	9,004	9,394
EBITDA ¹	-	521.7	728.3	844	939.5	949
EBIT ¹	-	457.7	661.9	769	859.5	864.5
Operating Margin	-	6.68%	8.46%	9.03%	9.55%	9.2%
Earnings before Tax (EBT) ¹	-	384.9	558.6	670	777.5	784
Net income ¹	239.8	352.3	518.8	618.5	721.5	730
Net margin	4.91%	5.14%	6.63%	7.26%	8.01%	7.77%
EPS ²	-	2.350	3.460	4.115	4.800	4.825
Free Cash Flow ¹	-	139.5	1,187	427	466	377
FCF margin	-	2.04%	15.17%	5.01%	5.18%	4.01%
FCF Conversion (EBITDA)	-	26.74%	163.03%	50.59%	49.6%	39.73%
FCF Conversion (Net income)	-	39.6%	228.89%	69.04%	64.59%	51.64%
Dividend per Share ²	-	-	2.500	2.990	3.475	3.665
Announcement Date	11/1/22	3/19/23	3/7/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 S2	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	-	-	1,937	1,918	2,081	1,890	2,032
EBITDA	-	295.9	-	-	-	-	-
EBIT	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	153.3	199.1	-	-	-	-	143
Net margin	-	-	-	-	-	-	7.22%
EPS	1.020	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	11/1/22	3/19/23	5/10/23	8/15/23	11/5/23	3/7/24	-

¹SAR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	1,361	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.609 x	-	-	-	-
Free Cash Flow ¹	-	140	1,187	427	466	377
ROE (net income / shareholders' equity)	-	17%	23.8%	27.2%	29.2%	27.6%
ROA (Net income/ Total Assets)	-	8.22%	11%	12.2%	13.3%	12.8%
Assets ¹	-	4,288	4,727	5,070	5,425	5,725
Book Value Per Share	-	14.10	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	45.3	155	203	206	208
Capex / Sales	-	0.66%	1.98%	2.38%	2.29%	2.21%
Announcement Date	11/1/22	3/19/23	3/7/24	-	-	-

¹SAR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Riyadh Cables Group Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

105 SAR

Average target price

98 SAR

Spread / Average Target

-6.67%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Wires & Cables

	1st Jan change	Capi.
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WALSIN LIHWA CORPORATION	-7.37%	4.49B
ENCORE WIRE CORPORATION	+31.71%	4.45B
KEI INDUSTRIES LIMITED	+30.64%	4.38B
LS CORP.	+61.80%	3.06B
TAIHAN CABLE & SOLUTION CO., LTD.	+71.03%	2.37B
R R KABEL LIMITED	+8.43%	2.3B
QINGDAO HANHE CABLE CO.,LTD	-3.75%	1.77B

Wires & Cables