Financials Borouge plc

Equities

BOROUGE

AEE01072B225

Specialty Chemicals

Market Closed - Abu Dhabi Securities Exchange 06:55:00 2024-06-12 am EDT 5-day change 1st Jan Change
2.38 AED -0.42% Intraday chart for Borouge plc -1.65% -3.64%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 20,709 20,217 19,556 - -
Enterprise Value (EV) 1 20,709 23,174 22,296 23,898 24,452
P/E ratio - 22.4 x 18.3 x 15.5 x 13.1 x
Yield - - 6.37% 5.86% 6.68%
Capitalization / Revenue 3.08 x 3.49 x 3.52 x 3.1 x 2.85 x
EV / Revenue 3.08 x 4 x 4.01 x 3.78 x 3.56 x
EV / EBITDA 7.83 x 10.7 x 10.5 x 9.48 x 8.12 x
EV / FCF - 14.7 x 13.5 x -69.1 x 12.4 x
FCF Yield - 6.81% 7.39% -1.45% 8.04%
Price to Book - 4.46 x 4.92 x 4.37 x 4.54 x
Nbr of stocks (in thousands) 30,057,692 30,057,692 30,057,692 - -
Reference price 2 0.6890 0.6726 0.6479 0.6479 0.6479
Announcement Date 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 6,216 6,727 5,791 5,554 6,315 6,870
EBITDA 1 - 2,646 2,171 2,130 2,522 3,010
EBIT 1 - - 1,597 1,584 1,947 2,389
Operating Margin - - 27.58% 28.52% 30.84% 34.77%
Earnings before Tax (EBT) 1 - - 1,401 1,496 1,706 2,075
Net income 1 1,518 - 991 1,038 1,182 1,418
Net margin 24.42% - 17.11% 18.7% 18.71% 20.64%
EPS 2 - - 0.0300 0.0355 0.0417 0.0493
Free Cash Flow 1 - - 1,577 1,647 -346 1,965
FCF margin - - 27.24% 29.65% -5.48% 28.6%
FCF Conversion (EBITDA) - - 72.65% 77.29% - 65.28%
FCF Conversion (Net income) - - 159.15% 158.56% - 138.58%
Dividend per Share 2 - - - 0.0413 0.0379 0.0433
Announcement Date 5/18/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,870 1,674 1,593 1,382 1,416 1,496 1,497 1,302 1,430 1,495 1,444
EBITDA 859 516 541 460.2 518 592.4 600 567 - - -
EBIT 1 - 459 - 327 368.7 449 452 429.4 449.7 434.1 358.6
Operating Margin - 27.42% - 23.67% 26.04% 30.01% 30.19% 32.98% 31.45% 29.05% 24.83%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 485.1 304.2 - - 229 279.1 285 270.6 - - -
Net margin 25.94% 18.17% - - 16.17% 18.65% 19.04% 20.78% - - -
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 7/28/22 10/27/22 2/2/23 4/28/23 7/28/23 10/30/23 2/1/24 4/30/24 - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 2,957 2,740 4,341 4,896
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - 1.362 x 1.286 x 1.721 x 1.627 x
Free Cash Flow 1 - - 1,577 1,647 -346 1,965
ROE (net income / shareholders' equity) - - 21.1% 22.9% 28.3% 37%
ROA (Net income/ Total Assets) - - 10.3% 11.6% 11.7% 17.1%
Assets 1 - - 9,588 8,922 10,080 8,292
Book Value Per Share 2 - - 0.1500 0.1300 0.1500 0.1400
Cash Flow per Share 2 - - 0.0600 0.0700 0.0800 0.1000
Capex 1 - - 199 245 187 203
Capex / Sales - - 3.44% 4.41% 2.96% 2.96%
Announcement Date 5/18/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
0.6479 USD
Average target price
0.7708 USD
Spread / Average Target
+18.97%
Consensus

Quarterly revenue - Rate of surprise