Financials Al-Nisr Al-Arabi Insurance Company

Equities

AAIN

JO2100311015

Multiline Insurance & Brokers

End-of-day quote Amman S.E. 06:00:00 2024-04-17 pm EDT 5-day change 1st Jan Change
3.1 JOD +1.64% Intraday chart for Al-Nisr Al-Arabi Insurance Company -.--% -1.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 43 37.1 38.6 42.3 39.5 31.5
Enterprise Value (EV) 1 30.14 25.2 26.41 29.48 25.25 28.26
P/E ratio 16.8 x 13.1 x 12.6 x 14.5 x 17.1 x 4.94 x
Yield 5.81% 6.74% 7.77% 7.09% 6.33% 11.1%
Capitalization / Revenue 1.46 x 1.26 x 1.33 x 1.31 x 1.21 x 0.89 x
EV / Revenue 1.02 x 0.86 x 0.91 x 0.91 x 0.77 x 0.8 x
EV / EBITDA 8.4 x 6.54 x 6.03 x 7.25 x 7.73 x 3.37 x
EV / FCF 14.6 x -59.2 x 13.1 x 8.1 x 9.1 x 3.96 x
FCF Yield 6.86% -1.69% 7.65% 12.3% 11% 25.2%
Price to Book 2.04 x 1.66 x 1.7 x 1.85 x 1.88 x 0.78 x
Nbr of stocks (in thousands) 10,000 10,000 10,000 10,000 10,000 10,000
Reference price 2 4.300 3.710 3.860 4.230 3.950 3.150
Announcement Date 3/28/19 5/7/20 3/31/21 3/9/22 3/1/23 4/8/24
1JOD in Million2JOD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 29.42 29.41 28.92 32.39 32.69 35.54
EBITDA 1 3.59 3.854 4.383 4.065 3.264 8.384
EBIT 1 3.288 3.59 4.133 3.82 3.033 8.23
Operating Margin 11.18% 12.21% 14.29% 11.79% 9.28% 23.16%
Earnings before Tax (EBT) 1 3.288 3.59 4.133 3.82 3.033 8.23
Net income 1 2.566 2.842 3.062 2.926 2.31 6.38
Net margin 8.72% 9.66% 10.59% 9.03% 7.07% 17.95%
EPS 2 0.2566 0.2842 0.3062 0.2926 0.2310 0.6380
Free Cash Flow 1 2.069 -0.4257 2.021 3.638 2.774 7.132
FCF margin 7.03% -1.45% 6.99% 11.23% 8.48% 20.07%
FCF Conversion (EBITDA) 57.64% - 46.11% 89.5% 84.97% 85.07%
FCF Conversion (Net income) 80.64% - 66% 124.32% 120.08% 111.78%
Dividend per Share 2 0.2500 0.2500 0.3000 0.3000 0.2500 0.3500
Announcement Date 3/28/19 5/7/20 3/31/21 3/9/22 3/1/23 4/8/24
1JOD in Million2JOD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 12.9 11.9 12.2 12.8 14.3 3.24
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2.07 -0.43 2.02 3.64 2.77 7.13
ROE (net income / shareholders' equity) 12.2% 13.1% 13.6% 12.8% 10.5% 16.9%
ROA (Net income/ Total Assets) 2.32% 2.26% 2.36% 2% 1.48% 3.99%
Assets 1 110.8 125.9 129.8 146.3 155.9 159.8
Book Value Per Share 2 2.110 2.230 2.270 2.280 2.100 4.020
Cash Flow per Share 2 1.290 1.190 1.220 1.280 1.430 0.3200
Capex 1 0.05 0.04 0.15 0.08 0.09 0.12
Capex / Sales 0.18% 0.14% 0.53% 0.26% 0.29% 0.34%
Announcement Date 3/28/19 5/7/20 3/31/21 3/9/22 3/1/23 4/8/24
1JOD in Million2JOD
Estimates
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