ACWA POWER COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 420 SAR | -6.87% |
|
-3.76% | +63.42% |
| Apr. 25 | Saudi Shares Close Trading Week in Red; Cenomi Retail Shares Soar | MT |
| Apr. 25 | Acwa Power Unit Extends Power Purchase Contract with Oman's Nama Power and Water Procurement | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 61,412 | 111,127 | 187,893 | 307,062 | - | - |
| Enterprise Value (EV) 1 | 81,836 | 129,283 | 209,487 | 332,704 | 336,176 | 341,079 |
| P/E ratio | 80.9 x | 72 x | 113 x | 156 x | 88.6 x | 75.6 x |
| Yield | 0.92% | 0.55% | 0.18% | 0.11% | 0.18% | 0.22% |
| Capitalization / Revenue | 11.5 x | 21.1 x | 30.8 x | 42.1 x | 31.8 x | 30.5 x |
| EV / Revenue | 15.3 x | 24.5 x | 34.4 x | 45.7 x | 34.8 x | 33.9 x |
| EV / EBITDA | 29.1 x | 42 x | 60.8 x | 76.7 x | 60.7 x | 53.4 x |
| EV / FCF | 44.7 x | 95.9 x | -621 x | 192 x | 108 x | 94.4 x |
| FCF Yield | 2.24% | 1.04% | -0.16% | 0.52% | 0.92% | 1.06% |
| Price to Book | 4.55 x | 5.96 x | 9.81 x | 15.6 x | 13.5 x | 12 x |
| Nbr of stocks (in thousands) | 731,100 | 731,100 | 731,100 | 731,100 | - | - |
| Reference price 2 | 84.00 | 152.0 | 257.0 | 420.0 | 420.0 | 420.0 |
| Announcement Date | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 5,361 | 5,276 | 6,095 | 7,286 | 9,648 | 10,064 |
| EBITDA 1 | - | 2,814 | 3,079 | 3,447 | 4,336 | 5,541 | 6,388 |
| EBIT 1 | - | 2,193 | 2,614 | 2,984 | 3,880 | 4,946 | 5,755 |
| Operating Margin | - | 40.92% | 49.54% | 48.95% | 53.25% | 51.27% | 57.18% |
| Earnings before Tax (EBT) 1 | - | 827 | 1,491 | 1,835 | 2,370 | 3,611 | 4,091 |
| Net income 1 | 882.6 | 758.8 | 1,540 | 1,662 | 1,970 | 3,466 | 4,062 |
| Net margin | - | 14.15% | 29.19% | 27.26% | 27.04% | 35.93% | 40.36% |
| EPS 2 | 1.370 | 1.038 | 2.110 | 2.270 | 2.690 | 4.740 | 5.555 |
| Free Cash Flow 1 | - | 1,831 | 1,348 | -337.1 | 1,737 | 3,106 | 3,614 |
| FCF margin | - | 34.15% | 25.56% | -5.53% | 23.84% | 32.19% | 35.91% |
| FCF Conversion (EBITDA) | - | 65.05% | 43.79% | - | 40.06% | 56.05% | 56.57% |
| FCF Conversion (Net income) | - | 241.26% | 87.56% | - | 88.17% | 89.6% | 88.96% |
| Dividend per Share 2 | - | 0.7700 | 0.8300 | 0.4500 | 0.4750 | 0.7398 | 0.9150 |
| Announcement Date | 9/2/21 | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | - | - | 1,542,128 | 1,810 | 1,951 | - | - |
| EBITDA 1 | - | - | - | - | - | - | 841.1 | 929.2 | 1,002 | 1,177 | 1,179 | 1,180 |
| EBIT 1 | - | 533.1 | 516.7 | - | 652.8 | - | 727.1 | 814.2 | 877 | 1,028 | 1,028 | 1,028 |
| Operating Margin | - | - | - | - | - | - | - | 0.05% | 48.47% | 52.67% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | -26.94 | 338.9 | - | 541.7 | - | 269.7 | 457 | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | -0.0400 | - | - | 0.7400 | - | 0.3700 | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | 0.4500 | - | - | 0.8920 |
| Announcement Date | 11/10/21 | 3/16/22 | 5/17/22 | 8/11/22 | 11/3/22 | 5/22/23 | 8/10/23 | 11/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 20,424 | 18,156 | 21,594 | 25,642 | 29,114 | 34,018 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 7.257 x | 5.896 x | 6.265 x | 5.913 x | 5.254 x | 5.325 x |
| Free Cash Flow 1 | - | 1,831 | 1,348 | -337 | 1,737 | 3,106 | 3,614 |
| ROE (net income / shareholders' equity) | - | 10.6% | 9.58% | 8.79% | 10.1% | 13.8% | 15.4% |
| ROA (Net income/ Total Assets) | - | 2.63% | 3.24% | 3.2% | 3.5% | 5.37% | 6.25% |
| Assets 1 | - | 28,810 | 47,506 | 51,932 | 56,286 | 64,593 | 64,992 |
| Book Value Per Share 2 | - | 18.40 | 25.50 | 26.20 | 27.00 | 31.20 | 34.90 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 2,052 | 1,563 | 3,682 | 3,736 | 2,640 | 4,493 |
| Capex / Sales | - | 38.28% | 29.62% | 60.41% | 51.28% | 27.36% | 44.65% |
| Announcement Date | 9/2/21 | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
6
Last Close Price
420
SAR
Average target price
199.7
SAR
Spread / Average Target
-52.46%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +63.42% | 81.88B | |
| -20.00% | 85.7B | |
| -.--% | 51.55B | |
| -0.90% | 48.58B | |
| -4.56% | 45.12B | |
| +1.14% | 41.62B | |
| +2.14% | 34.6B | |
| +10.91% | 33.81B | |
| -10.00% | 23.21B | |
| +1.68% | 22.17B |
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- Financials ACWA POWER Company
