Financials Bahrain National Holding Company B.S.C.

Equities

BNH

BH0004658074

Property & Casualty Insurance

End-of-day quote Bahrain Bourse 06:00:00 2024-04-21 pm EDT 5-day change 1st Jan Change
0.49 BHD -2.00% Intraday chart for Bahrain National Holding Company B.S.C. -2.00% -2.97%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 40.54 37.16 39.41 47.3 53.03 60.18
Enterprise Value (EV) 1 29.36 33.49 33.98 42.84 47.67 54.73
P/E ratio 12.2 x 7.75 x 7.98 x 7.4 x 7.98 x 8.69 x
Yield 4.17% 6.67% 6.29% 7.14% 7.87% 6.93%
Capitalization / Revenue 1.92 x 1.66 x 1.94 x 2.08 x 2.19 x 1.2 x
EV / Revenue 1.39 x 1.5 x 1.68 x 1.88 x 1.97 x 1.09 x
EV / EBITDA 7.47 x 6.18 x 6.55 x 6.21 x 6.44 x 7.1 x
EV / FCF 5.36 x 9.55 x 10.9 x 4.36 x 12 x 6.17 x
FCF Yield 18.7% 10.5% 9.21% 22.9% 8.36% 16.2%
Price to Book 0.83 x 0.69 x 0.69 x 0.76 x 0.82 x 0.86 x
Nbr of stocks (in thousands) 112,608 112,608 112,608 112,608 119,175 119,175
Reference price 2 0.3600 0.3300 0.3500 0.4200 0.4450 0.5050
Announcement Date 2/27/19 2/25/20 2/23/21 2/22/23 2/22/23 2/26/24
1BHD in Million2BHD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 21.16 22.36 20.27 22.73 24.23 50.3
EBITDA 1 3.931 5.417 5.188 6.904 7.402 7.71
EBIT 1 3.417 4.965 4.761 6.491 6.995 7.353
Operating Margin 16.15% 22.2% 23.49% 28.56% 28.87% 14.62%
Earnings before Tax (EBT) 1 3.492 5.027 5.214 6.679 7.003 7.226
Net income 1 3.279 4.792 4.937 6.388 6.547 6.927
Net margin 15.5% 21.43% 24.36% 28.1% 27.02% 13.77%
EPS 2 0.0294 0.0426 0.0438 0.0567 0.0558 0.0581
Free Cash Flow 1 5.481 3.508 3.131 9.817 3.985 8.865
FCF margin 25.91% 15.69% 15.45% 43.19% 16.44% 17.62%
FCF Conversion (EBITDA) 139.42% 64.76% 60.34% 142.19% 53.84% 114.99%
FCF Conversion (Net income) 167.14% 73.21% 63.41% 153.68% 60.87% 127.98%
Dividend per Share 2 0.0150 0.0220 0.0220 0.0300 0.0350 0.0350
Announcement Date 2/27/19 2/25/20 2/23/21 2/22/23 2/22/23 2/26/24
1BHD in Million2BHD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 11.2 3.67 5.44 4.45 5.36 5.45
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 5.48 3.51 3.13 9.82 3.98 8.87
ROE (net income / shareholders' equity) 6.87% 9.31% 8.9% 10.6% 10.5% 10.1%
ROA (Net income/ Total Assets) 2.36% 3.1% 2.75% 3.53% 3.56% 4.13%
Assets 1 138.7 154.6 179.6 181.1 184 167.7
Book Value Per Share 2 0.4300 0.4800 0.5100 0.5500 0.5400 0.5900
Cash Flow per Share 2 0.1000 0.0400 0.0500 0.0400 0.0500 0.0500
Capex 1 0.53 0.04 0.15 0.16 0.25 0.19
Capex / Sales 2.51% 0.2% 0.76% 0.71% 1.03% 0.37%
Announcement Date 2/27/19 2/25/20 2/23/21 2/22/23 2/22/23 2/26/24
1BHD in Million2BHD
Estimates
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