Financials Amanat Holdings

Equities

AMANAT

AEA005901011

Investment Holding Companies

Market Closed - Dubai FM Other stock markets 06:55:03 2024-04-26 am EDT			5-day change	1st Jan Change
1.05 ^AED	0.00%		+2.94%	-12.50%

Mar. 29	Amanat Swings to FY23 Loss; Revenue Jumps	MT
Mar. 21	UAE-based Amanat Resumes Trading on Dubai Financial Market	MT

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,044	2,864	2,104	2,985	2,617	-	-
Enterprise Value (EV) ¹	2,044	2,864	2,104	2,985	2,617	2,617	2,617
P/E ratio	248 x	10.2 x	18.6 x	21.9 x	17.5 x	15 x	-
Yield	2.44%	5.22%	-	-	3.81%	3.81%	-
Capitalization / Revenue	-	-	4.1 x	4.16 x	2.9 x	2.5 x	-
EV / Revenue	-	-	4.1 x	4.16 x	2.9 x	2.5 x	-
EV / EBITDA	-	-	-	11.1 x	11.6 x	9.66 x	-
EV / FCF	-	-	-	-	17.6 x	22.2 x	15.8 x
FCF Yield	-	-	-	-	5.69%	4.51%	6.34%
Price to Book	0.81 x	1.04 x	0.77 x	-	0.91 x	0.87 x	-
Nbr of stocks (in thousands)	2,492,122	2,490,077	2,474,917	2,487,101	2,492,838	-	-
Reference price ²	0.8200	1.150	0.8500	1.200	1.050	1.050	1.050
Announcement Date	2/11/21	2/15/22	2/15/23	2/14/24	-	-	-

¹AED in Million²AED

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	513.1	718.1	904	1,047	-
EBITDA ¹	-	-	-	268.7	226	271	-
EBIT ¹	-	-	-	-	152	186	-
Operating Margin	-	-	-	-	16.81%	17.77%	-
Earnings before Tax (EBT) ¹	-	-	-	-	188	220	-
Net income ¹	8.331	280.8	114.2	155.1	159	186	-
Net margin	-	-	22.26%	21.6%	17.59%	17.77%	-
EPS ²	0.003300	0.1124	0.0458	0.0547	0.0600	0.0700	-
Free Cash Flow ¹	-	-	-	-	149	118	166
FCF margin	-	-	-	-	16.48%	11.27%	-
FCF Conversion (EBITDA)	-	-	-	-	65.93%	43.54%	-
FCF Conversion (Net income)	-	-	-	-	93.71%	63.44%	-
Dividend per Share ²	0.0200	0.0600	-	-	0.0400	0.0400	-
Announcement Date	2/11/21	2/15/22	2/15/23	2/14/24	-	-	-

¹AED in Million²AED

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1
Net sales	-	-	-	-	-
EBITDA	-	-	-	-	-
EBIT	-	-	-	-	-
Operating Margin	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-
Net income ¹	32.01	34.63	-10.42	57.99	39.68
Net margin	-	-	-	-	-
EPS	-	0.0140	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	5/12/22	8/4/22	11/15/22	2/15/23	5/11/23

¹AED in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	149	118	166
ROE (net income / shareholders' equity)	0.4%	10.6%	4.17%	-	5.56%	6.27%	-
ROA (Net income/ Total Assets)	0.37%	8.97%	3.18%	-	3.94%	4.31%	-
Assets ¹	2,266	3,131	3,587	-	4,036	4,316	-
Book Value Per Share ²	1.010	1.100	1.100	-	1.160	1.210	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	-	-	97.3	146	146
Capex / Sales	-	-	-	-	10.76%	13.94%	-
Announcement Date	2/11/21	2/15/22	2/15/23	2/14/24	-	-	-

¹AED in Million²AED

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Amanat Holdings

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.05 AED

Average target price

1.35 AED

Spread / Average Target

+28.57%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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