Financials Arkan Al-Kuwait Real Estate Company K.S.C.P.

Equities

ARKAN

KW0EQ0402259

Real Estate Development & Operations

End-of-day quote Kuwait S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
0.082 KWD +2.37% Intraday chart for Arkan Al-Kuwait Real Estate Company K.S.C.P. -5.53% +3.27%

Valuation

Fiscal Period: October 2018 2019 2020 2021 2022 2023
Capitalization 1 19.45 20.22 21.25 34.66 31.14 21.85
Enterprise Value (EV) 1 37.56 49.41 65.32 85.63 129.2 115.3
P/E ratio 6.79 x 8.72 x 20.8 x 17.1 x 14 x 82.6 x
Yield 10.2% 9.94% 7.09% 4.35% 4.84% -
Capitalization / Revenue 3.64 x 4.91 x 4.09 x 6.49 x 4.61 x 2.39 x
EV / Revenue 7.03 x 12 x 12.6 x 16 x 19.1 x 12.6 x
EV / EBITDA 9.96 x 20.4 x 17.9 x 25.4 x 46 x 39.1 x
EV / FCF 28.7 x -75.4 x 20.1 x 68.9 x -26.7 x -1,328 x
FCF Yield 3.48% -1.33% 4.98% 1.45% -3.75% -0.08%
Price to Book 0.56 x 0.57 x 0.62 x 0.99 x 0.88 x 0.64 x
Nbr of stocks (in thousands) 247,471 251,150 251,150 251,150 251,150 251,150
Reference price 2 0.0786 0.0805 0.0846 0.1380 0.1240 0.0870
Announcement Date 12/24/18 12/2/19 12/6/20 11/9/21 11/23/22 12/28/23
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2018 2019 2020 2021 2022 2023
Net sales 1 5.341 4.115 5.195 5.339 6.757 9.134
EBITDA 1 3.773 2.42 3.646 3.37 2.81 2.946
EBIT 1 3.673 2.179 3.506 3.228 2.676 1.866
Operating Margin 68.76% 52.96% 67.48% 60.46% 39.61% 20.43%
Earnings before Tax (EBT) 1 2.898 2.343 1.033 2.124 2.439 0.8984
Net income 1 2.867 2.318 1.023 2.026 2.217 0.2647
Net margin 53.68% 56.34% 19.69% 37.96% 32.81% 2.9%
EPS 2 0.0116 0.009230 0.004072 0.008068 0.008827 0.001053
Free Cash Flow 1 1.307 -0.6555 3.255 1.243 -4.84 -0.0869
FCF margin 24.47% -15.93% 62.66% 23.28% -71.63% -0.95%
FCF Conversion (EBITDA) 34.65% - 89.29% 36.89% - -
FCF Conversion (Net income) 45.6% - 318.3% 61.34% - -
Dividend per Share 2 0.008000 0.008000 0.006000 0.006000 0.006000 -
Announcement Date 12/24/18 12/2/19 12/6/20 11/9/21 11/23/22 12/28/23
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2018 2019 2020 2021 2022 2023
Net Debt 1 18.1 29.2 44.1 51 98 93.5
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.801 x 12.07 x 12.09 x 15.13 x 34.89 x 31.73 x
Free Cash Flow 1 1.31 -0.66 3.26 1.24 -4.84 -0.09
ROE (net income / shareholders' equity) 8.31% 6.59% 2.94% 5.85% 6.05% 1.99%
ROA (Net income/ Total Assets) 4.15% 2.25% 2.97% 2.35% 1.4% 0.79%
Assets 1 69.06 102.8 34.48 86.17 158.7 33.67
Book Value Per Share 2 0.1400 0.1400 0.1400 0.1400 0.1400 0.1400
Cash Flow per Share 2 0 0 0.0100 0.0100 0.0100 0.0100
Capex 1 0.26 0.01 0.12 1.3 7.33 4.13
Capex / Sales 4.86% 0.18% 2.29% 24.31% 108.5% 45.25%
Announcement Date 12/24/18 12/2/19 12/6/20 11/9/21 11/23/22 12/28/23
1KWD in Million2KWD
Estimates
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