ARABIAN PIPES COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 182.6 SAR | +5.06% |
|
+3.75% | +43.10% |
| Mar. 13 | Arabian Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 05 | Arabian Pipes Company Logs Higher FY23 Profit, Revenue | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 372 | 510.4 | 717.6 | 658.4 | 400 | 1,276 |
| Enterprise Value (EV) 1 | 953.8 | 1,060 | 1,386 | 1,013 | 806 | 1,685 |
| P/E ratio | -3.03 x | 17.8 x | -3.66 x | -11 x | 44.5 x | 9.66 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.53 x | 0.69 x | 1.94 x | 1.67 x | 0.75 x | 1.19 x |
| EV / Revenue | 1.37 x | 1.43 x | 3.75 x | 2.56 x | 1.52 x | 1.56 x |
| EV / EBITDA | -14.7 x | 11.4 x | -9.45 x | -69.8 x | 19.7 x | 8.86 x |
| EV / FCF | 13.2 x | 23.9 x | -29 x | 3.01 x | -11.8 x | -31.6 x |
| FCF Yield | 7.58% | 4.18% | -3.44% | 33.2% | -8.51% | -3.16% |
| Price to Book | 0.75 x | 0.97 x | 3.48 x | 6.23 x | 3.48 x | 5.47 x |
| Nbr of stocks (in thousands) | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 |
| Reference price 2 | 37.20 | 51.04 | 71.76 | 65.84 | 40.00 | 127.6 |
| Announcement Date | 4/7/19 | 3/29/20 | 6/17/21 | 4/10/22 | 3/29/23 | 3/13/24 |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 698.3 | 741.1 | 369.3 | 395 | 531.6 | 1,077 |
| EBITDA 1 | -65.05 | 93.16 | -146.7 | -14.5 | 40.97 | 190.2 |
| EBIT 1 | -91.71 | 66.94 | -174.5 | -41.86 | 10.43 | 157.9 |
| Operating Margin | -13.13% | 9.03% | -47.25% | -10.6% | 1.96% | 14.66% |
| Earnings before Tax (EBT) 1 | -118.3 | 33.2 | -194.4 | -59.77 | 9.695 | 146.3 |
| Net income 1 | -122.7 | 28.7 | -195.3 | -60.12 | 8.995 | 132.1 |
| Net margin | -17.57% | 3.87% | -52.9% | -15.22% | 1.69% | 12.27% |
| EPS 2 | -12.27 | 2.870 | -19.60 | -6.012 | 0.8995 | 13.21 |
| Free Cash Flow 1 | 72.29 | 44.26 | -47.72 | 336.1 | -68.59 | -53.3 |
| FCF margin | 10.35% | 5.97% | -12.92% | 85.09% | -12.9% | -4.95% |
| FCF Conversion (EBITDA) | - | 47.51% | - | - | - | - |
| FCF Conversion (Net income) | - | 154.2% | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/7/19 | 3/29/20 | 6/17/21 | 4/10/22 | 3/29/23 | 3/13/24 |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 582 | 549 | 668 | 354 | 406 | 409 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -8.944 x | 5.895 x | -4.556 x | -24.43 x | 9.91 x | 2.15 x |
| Free Cash Flow 1 | 72.3 | 44.3 | -47.7 | 336 | -68.6 | -53.3 |
| ROE (net income / shareholders' equity) | -21.9% | 5.6% | -64.1% | -44.2% | 8.15% | 79% |
| ROA (Net income/ Total Assets) | -4.75% | 3.7% | -11.2% | -3.55% | 0.98% | 11.8% |
| Assets 1 | 2,585 | 775.9 | 1,749 | 1,695 | 915.6 | 1,122 |
| Book Value Per Share 2 | 49.90 | 52.60 | 20.60 | 10.60 | 11.50 | 23.30 |
| Cash Flow per Share 2 | 1.350 | 2.000 | 2.000 | 0.8500 | 7.770 | 9.410 |
| Capex 1 | 7.19 | 27.3 | 8.3 | 17.9 | 1.55 | 12.6 |
| Capex / Sales | 1.03% | 3.68% | 2.25% | 4.54% | 0.29% | 1.17% |
| Announcement Date | 4/7/19 | 3/29/20 | 6/17/21 | 4/10/22 | 3/29/23 | 3/13/24 |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +43.10% | 487M | |
| +0.79% | 42.1B | |
| +19.89% | 24.83B | |
| -21.02% | 21.75B | |
| +13.50% | 21.17B | |
| -6.33% | 20.77B | |
| +6.63% | 20.15B | |
| +6.81% | 9.44B | |
| -12.44% | 8.5B | |
| -23.08% | 8.41B |
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