Financials Al-Babtain Power and Telecommunications Company

Equities

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
40.75 ^SAR	+5.84%		-8.32%	+48.18%

Apr. 14	Al-Babtain Power and Telecommunications Company Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 31	Al-Babtain Power And Telecommunication Reports Higher FY23 Profit, Revenue	MT

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,151	1,343	893.6	1,759	2,606	-	-
Enterprise Value (EV) ¹	1,815	1,343	2,297	2,850	3,688	3,512	2,606
P/E ratio	13.4 x	26.2 x	14.8 x	12.4 x	15.9 x	12.8 x	-
Yield	-	-	-	-	2.45%	2.45%	-
Capitalization / Revenue	0.85 x	-	0.41 x	0.71 x	0.98 x	0.93 x	0.88 x
EV / Revenue	1.35 x	-	1.04 x	1.14 x	1.39 x	1.25 x	0.88 x
EV / EBITDA	-	-	11.7 x	8.42 x	10.2 x	9.19 x	-
EV / FCF	-	-	-9.22 x	23.2 x	19.9 x	14.6 x	-
FCF Yield	-	-	-10.8%	4.31%	5.02%	6.83%	-
Price to Book	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	63,947	63,947	63,947	63,947	63,947	-	-
Reference price ²	18.00	21.00	13.97	27.50	40.75	40.75	40.75
Announcement Date	3/4/20	4/5/22	4/10/23	4/14/24	-	-	-

¹SAR in Million²SAR

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net sales ¹	1,349	-	2,206	2,490	2,656	2,800	2,950
EBITDA ¹	-	-	195.7	338.5	363	382	-
EBIT ¹	107.7	-	162	307	301	316	-
Operating Margin	7.99%	-	7.34%	12.33%	11.33%	11.29%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	86.01	51.03	60.44	141.5	-	203	231
Net margin	6.38%	-	2.74%	5.68%	-	7.25%	7.83%
EPS ²	1.347	0.8000	0.9467	2.210	2.560	3.180	-
Free Cash Flow ¹	-	-	-249.1	122.9	185	240	-
FCF margin	-	-	-11.29%	4.93%	6.97%	8.57%	-
FCF Conversion (EBITDA)	-	-	-	36.31%	50.96%	62.83%	-
FCF Conversion (Net income)	-	-	-	86.85%	-	118.23%	-
Dividend per Share ²	-	-	-	-	1.000	1.000	-
Announcement Date	3/4/20	4/5/22	4/10/23	4/14/24	-	-	-

¹SAR in Million²SAR

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net Debt ¹	664	-	1,403	1,092	1,082	906	-
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	7.17 x	3.226 x	2.981 x	2.372 x	-
Free Cash Flow ¹	-	-	-249	123	185	240	-
ROE (net income / shareholders' equity)	11.5%	-	7.38%	16.4%	21.6%	18.1%	18.1%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	39.2	44.6	52.4	57.9	-
Capex / Sales	-	-	1.78%	1.79%	1.97%	2.07%	-
Announcement Date	3/4/20	4/5/22	4/10/23	4/14/24	-	-	-

¹SAR in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

40.75 SAR

Average target price

43.8 SAR

Spread / Average Target

+7.48%

	1st Jan change	Capi.
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