Financials Arab International Company for Education and Investment

Equities

AIEI

JO3105211010

Miscellaneous Educational Service Providers

End-of-day quote Amman S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
2.58 JOD -0.39% Intraday chart for Arab International Company for Education and Investment +2.38% +4.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 102.1 98.42 109.8 112.2 113 100.4
Enterprise Value (EV) 1 107.8 104.8 116.7 115.2 119.8 110.1
P/E ratio 16.9 x 16.3 x 20.5 x 25.6 x 31.3 x 20.9 x
Yield 5.95% 5.14% - 3.61% 3.58% 4.03%
Capitalization / Revenue 4.61 x 4.75 x 3.56 x 3.46 x 3.49 x 3.98 x
EV / Revenue 4.87 x 5.06 x 3.78 x 3.55 x 3.7 x 4.36 x
EV / EBITDA 11.8 x 12.3 x 10.4 x 12.2 x 13.3 x 11.3 x
EV / FCF 33.1 x 25.8 x 30.8 x 20.4 x 75.4 x -25.7 x
FCF Yield 3.02% 3.88% 3.25% 4.89% 1.33% -3.9%
Price to Book 1.34 x 1.32 x 1.49 x 1.5 x 1.53 x 1.31 x
Nbr of stocks (in thousands) 40,500 40,500 40,500 40,500 40,500 40,500
Reference price 2 2.520 2.430 2.710 2.770 2.790 2.480
Announcement Date 3/13/19 6/14/20 4/5/22 4/5/22 3/26/23 3/18/24
1JOD in Million2JOD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 22.13 20.73 30.86 32.42 32.36 25.26
EBITDA 1 9.121 8.491 11.26 9.405 8.983 9.768
EBIT 1 6.688 6.168 7.378 5.412 5.018 7.832
Operating Margin 30.22% 29.76% 23.91% 16.69% 15.51% 31%
Earnings before Tax (EBT) 1 7.225 7.223 7.627 5.334 3.687 6.395
Net income 1 6.037 6.056 5.354 4.387 3.609 4.802
Net margin 27.28% 29.22% 17.35% 13.53% 11.15% 19.01%
EPS 2 0.1491 0.1495 0.1322 0.1083 0.0891 0.1186
Free Cash Flow 1 3.261 4.067 3.792 5.633 1.588 -4.289
FCF margin 14.73% 19.62% 12.29% 17.38% 4.91% -16.98%
FCF Conversion (EBITDA) 35.75% 47.9% 33.67% 59.9% 17.68% -
FCF Conversion (Net income) 54.02% 67.16% 70.83% 128.41% 44% -
Dividend per Share 2 0.1500 0.1250 - 0.1000 0.1000 0.1000
Announcement Date 3/13/19 6/14/20 4/5/22 4/5/22 3/26/23 3/18/24
1JOD in Million2JOD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5.78 6.41 6.98 2.99 6.82 9.64
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.6336 x 0.7551 x 0.6196 x 0.3181 x 0.7598 x 0.9868 x
Free Cash Flow 1 3.26 4.07 3.79 5.63 1.59 -4.29
ROE (net income / shareholders' equity) 7.6% 8.04% 7.69% 4.81% 2.71% 6.23%
ROA (Net income/ Total Assets) 4.49% 4.25% 4.54% 3.02% 2.88% 5.15%
Assets 1 134.5 142.5 118 145.1 125.5 93.25
Book Value Per Share 2 1.880 1.830 1.820 1.850 1.820 1.890
Cash Flow per Share 2 0 0.0100 0.1400 0.1600 0.0200 0.1400
Capex 1 1.13 1.35 1.25 1.21 3.68 6.18
Capex / Sales 5.1% 6.5% 4.04% 3.73% 11.38% 24.47%
Announcement Date 3/13/19 6/14/20 4/5/22 4/5/22 3/26/23 3/18/24
1JOD in Million2JOD
Estimates
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