AL BUHAIRA NATIONAL INSURANCE COMPANY Financials Al Buhaira National Insurance Company
Equities
ABNIC
AEA001701019
Multiline Insurance & Brokers
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3 AED | -.--% |
|
-.--% | +7.14% |
| Apr. 29 | Al Buhaira National Insurance Resumes Trading on Abu Dhabi Securities Exchange | MT |
| Apr. 07 | Al Buhaira National Insurance to Halt Trading Amid Annual General Meeting on April 26 | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 497.5 | 450 | 427.5 | 475 | 637.5 | 700 |
| Enterprise Value (EV) 1 | 946.5 | 809.4 | 676.8 | 697.8 | 825.6 | 912.9 |
| P/E ratio | 14 x | 20.4 x | 17.8 x | 19 x | -18.5 x | -5.27 x |
| Yield | - | - | 5.85% | 5.26% | - | - |
| Capitalization / Revenue | 1.53 x | 1.35 x | 1.36 x | 1.23 x | 1.53 x | 1.84 x |
| EV / Revenue | 2.91 x | 2.43 x | 2.15 x | 1.8 x | 1.98 x | 2.4 x |
| EV / EBITDA | 13.5 x | 11.6 x | 9.21 x | 11.4 x | -35.6 x | -7.89 x |
| EV / FCF | 81.8 x | 13.1 x | 7.08 x | 19.1 x | 7.18 x | 54.1 x |
| FCF Yield | 1.22% | 7.65% | 14.1% | 5.24% | 13.9% | 1.85% |
| Price to Book | 0.78 x | 0.69 x | 0.63 x | 0.7 x | 1.03 x | 1.41 x |
| Nbr of stocks (in thousands) | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 |
| Reference price 2 | 1.990 | 1.800 | 1.710 | 1.900 | 2.550 | 2.800 |
| Announcement Date | 3/13/19 | 2/27/20 | 3/3/21 | 3/11/22 | 3/27/23 | 3/30/24 |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 325.3 | 333.7 | 314.8 | 387.1 | 417.2 | 379.6 |
| EBITDA 1 | 70 | 70.05 | 73.46 | 61.08 | -23.16 | -115.7 |
| EBIT 1 | 69 | 69.2 | 72.81 | 60.53 | -23.7 | -116.3 |
| Operating Margin | 21.21% | 20.74% | 23.13% | 15.64% | -5.68% | -30.64% |
| Earnings before Tax (EBT) 1 | 35.5 | 22.07 | 23.99 | 25.03 | -34.49 | -132.8 |
| Net income 1 | 35.5 | 22.07 | 23.99 | 25.03 | -34.49 | -132.8 |
| Net margin | 10.91% | 6.61% | 7.62% | 6.47% | -8.27% | -34.97% |
| EPS 2 | 0.1420 | 0.0883 | 0.0959 | 0.1001 | -0.1380 | -0.5310 |
| Free Cash Flow 1 | 11.57 | 61.89 | 95.57 | 36.59 | 115 | 16.88 |
| FCF margin | 3.56% | 18.54% | 30.35% | 9.45% | 27.56% | 4.45% |
| FCF Conversion (EBITDA) | 16.53% | 88.34% | 130.09% | 59.9% | - | - |
| FCF Conversion (Net income) | 32.59% | 280.45% | 398.44% | 146.14% | - | - |
| Dividend per Share | - | - | 0.1000 | 0.1000 | - | - |
| Announcement Date | 3/13/19 | 2/27/20 | 3/3/21 | 3/11/22 | 3/27/23 | 3/30/24 |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 449 | 359 | 249 | 223 | 188 | 213 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.415 x | 5.13 x | 3.394 x | 3.649 x | -8.121 x | -1.84 x |
| Free Cash Flow 1 | 11.6 | 61.9 | 95.6 | 36.6 | 115 | 16.9 |
| ROE (net income / shareholders' equity) | 5.47% | 3.42% | 3.61% | 3.69% | -5.3% | -23.6% |
| ROA (Net income/ Total Assets) | 2.47% | 2.31% | 2.32% | 1.95% | -0.72% | -4.2% |
| Assets 1 | 1,437 | 954.5 | 1,035 | 1,286 | 4,769 | 3,161 |
| Book Value Per Share 2 | 2.540 | 2.620 | 2.700 | 2.720 | 2.490 | 1.990 |
| Cash Flow per Share 2 | 0.0600 | 0.1900 | 0.1400 | 0.1600 | 0.1700 | 0.2900 |
| Capex 1 | 1.93 | 0.94 | 1.01 | 0.62 | 1.48 | 1 |
| Capex / Sales | 0.59% | 0.28% | 0.32% | 0.16% | 0.35% | 0.26% |
| Announcement Date | 3/13/19 | 2/27/20 | 3/3/21 | 3/11/22 | 3/27/23 | 3/30/24 |
1AED in Million2AED
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +7.14% | 204M | |
| +10.02% | 101B | |
| +5.26% | 97.8B | |
| +1.05% | 70.23B | |
| +20.54% | 28.71B | |
| +9.36% | 19.6B | |
| -4.31% | 12.49B | |
| +8.48% | 11.22B | |
| +10.00% | 10.57B | |
| +20.46% | 10.07B |
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