Financials Al Wathba National Insurance Company

Equities

AWNIC

AEA001601011

Property & Casualty Insurance

Market Closed - Abu Dhabi Securities Exchange 03:45:42 2024-01-24 am EST 5-day change 1st Jan Change
5.2 AED +13.04% Intraday chart for Al Wathba National Insurance Company -.--% +48.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,641 1,987 1,923 1,097 923.2 724.5
Enterprise Value (EV) 1 2,928 2,331 2,235 1,378 1,061 729.2
P/E ratio 61.9 x 333 x 126 x 6.68 x 24.3 x 4.09 x
Yield 1.18% - 0.54% 3.77% 4.48% 7.14%
Capitalization / Revenue 11.1 x 8.72 x 7.49 x 2.53 x 3.81 x 2.09 x
EV / Revenue 12.3 x 10.2 x 8.71 x 3.18 x 4.38 x 2.1 x
EV / EBITDA 36.2 x 50.8 x 37.6 x 6.82 x 61.1 x 5.62 x
EV / FCF -192 x 38.7 x -360 x -54.2 x 4.76 x -11.7 x
FCF Yield -0.52% 2.59% -0.28% -1.85% 21% -8.56%
Price to Book 3.1 x 2.59 x 2.66 x 1.13 x 0.93 x 0.57 x
Nbr of stocks (in thousands) 207,000 207,000 207,000 207,000 207,000 207,000
Reference price 2 12.76 9.600 9.290 5.300 4.460 3.500
Announcement Date 3/26/19 3/29/20 3/28/21 3/27/22 3/28/23 3/29/24
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 237.2 227.9 256.6 434.1 242.3 347.1
EBITDA 1 80.82 45.91 59.42 202.2 17.36 129.8
EBIT 1 79.66 44.7 57.85 200.3 15.54 128
Operating Margin 33.59% 19.61% 22.54% 46.14% 6.41% 36.89%
Earnings before Tax (EBT) 1 43.78 5.967 15.22 164.2 37.97 177.1
Net income 1 42.67 5.967 15.22 164.2 37.97 177.1
Net margin 17.99% 2.62% 5.93% 37.82% 15.67% 51.02%
EPS 2 0.2061 0.0288 0.0735 0.7931 0.1834 0.8555
Free Cash Flow 1 -15.22 60.29 -6.205 -25.45 222.6 -62.42
FCF margin -6.42% 26.45% -2.42% -5.86% 91.88% -17.98%
FCF Conversion (EBITDA) - 131.32% - - 1,282.14% -
FCF Conversion (Net income) - 1,010.33% - - 586.3% -
Dividend per Share 2 0.1500 - 0.0500 0.2000 0.2000 0.2500
Announcement Date 3/26/19 3/29/20 3/28/21 3/27/22 3/28/23 3/29/24
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 287 343 312 281 137 4.68
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.552 x 7.481 x 5.256 x 1.391 x 7.907 x 0.036 x
Free Cash Flow 1 -15.2 60.3 -6.2 -25.4 223 -62.4
ROE (net income / shareholders' equity) 5.15% 0.74% 2.04% 19.4% 3.86% 15.8%
ROA (Net income/ Total Assets) 3.32% 1.78% 2.31% 7.35% 0.55% 4.8%
Assets 1 1,287 334.8 660.3 2,233 6,914 3,693
Book Value Per Share 2 4.110 3.700 3.490 4.700 4.790 6.140
Cash Flow per Share 2 0.1300 0.2100 0.3300 0.3600 0.3500 0.4100
Capex 1 1.43 2.11 1.05 1.19 1.36 1.6
Capex / Sales 0.6% 0.92% 0.41% 0.27% 0.56% 0.46%
Announcement Date 3/26/19 3/29/20 3/28/21 3/27/22 3/28/23 3/29/24
1AED in Million2AED
Estimates
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