Financials Al-Ahleia Insurance Company S.A.K.P.

Equities

AINS

KW0EQ0300438

Multiline Insurance & Brokers

End-of-day quote Kuwait S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
0.695 KWD -2.80% Intraday chart for Al-Ahleia Insurance Company S.A.K.P. -0.71% +13.93%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 83.93 84.12 97 109.4 107.9 132.2
Enterprise Value (EV) 1 80.49 76.84 87.19 101.8 101.3 124
P/E ratio 8.84 x 8.21 x 7.96 x 7.84 x 6.24 x 6.6 x
Yield 8.18% 5.85% 5.32% 6.93% 8.03% 4.92%
Capitalization / Revenue 1.24 x 1.05 x 1.14 x 1.09 x 0.96 x 1.15 x
EV / Revenue 1.18 x 0.96 x 1.02 x 1.01 x 0.9 x 1.08 x
EV / EBITDA 10.5 x 7.1 x 7.66 x 6.87 x 5.58 x 5.61 x
EV / FCF 19.9 x 5.31 x 3.94 x 4.14 x 6.25 x -10.2 x
FCF Yield 5.03% 18.8% 25.4% 24.2% 16% -9.8%
Price to Book 0.79 x 0.77 x 0.85 x 0.84 x 0.78 x 0.95 x
Nbr of stocks (in thousands) 216,697 216,697 216,697 216,697 216,697 216,697
Reference price 2 0.3873 0.3882 0.4476 0.5050 0.4980 0.6100
Announcement Date 2/27/19 3/11/20 2/24/21 2/24/22 2/22/23 3/11/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 67.93 80.36 85.46 100.8 112.9 114.7
EBITDA 1 7.682 10.83 11.38 14.82 18.14 22.1
EBIT 1 7.412 10.54 11.1 14.56 18 21.96
Operating Margin 10.91% 13.12% 12.99% 14.45% 15.94% 19.14%
Earnings before Tax (EBT) 1 10.05 10.98 13.38 14.7 18.17 21.28
Net income 1 9.493 10.24 12.18 13.97 17.29 20.03
Net margin 13.97% 12.75% 14.26% 13.86% 15.31% 17.46%
EPS 2 0.0438 0.0473 0.0562 0.0644 0.0798 0.0924
Free Cash Flow 1 4.046 14.48 22.12 24.61 16.21 -12.15
FCF margin 5.96% 18.02% 25.88% 24.42% 14.36% -10.59%
FCF Conversion (EBITDA) 52.67% 133.72% 194.33% 166.05% 89.4% -
FCF Conversion (Net income) 42.62% 141.33% 181.54% 176.18% 93.77% -
Dividend per Share 2 0.0317 0.0227 0.0238 0.0350 0.0400 0.0300
Announcement Date 2/27/19 3/11/20 2/24/21 2/24/22 2/22/23 3/11/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3.44 7.28 9.8 7.65 6.64 8.18
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 4.05 14.5 22.1 24.6 16.2 -12.1
ROE (net income / shareholders' equity) 8.75% 9.27% 10.8% 10.9% 12.6% 14.3%
ROA (Net income/ Total Assets) 1.71% 2.22% 2.14% 2.57% 2.89% 3.74%
Assets 1 556.7 461.6 570.1 542.9 599 535.6
Book Value Per Share 2 0.4900 0.5000 0.5300 0.6000 0.6300 0.6500
Cash Flow per Share 2 0.0300 0.0300 0.0500 0.0400 0.0300 0.0400
Capex 1 0.1 0.08 0.17 0.05 0.07 0.19
Capex / Sales 0.14% 0.09% 0.2% 0.05% 0.07% 0.16%
Announcement Date 2/27/19 3/11/20 2/24/21 2/24/22 2/22/23 3/11/24
1KWD in Million2KWD
Estimates
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