BOROUGE PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.43 AED | 0.00% |
|
-1.22% | -1.62% |
| Apr. 26 | Adnoc, OMV's Chemicals Tie-up Further Stalls Amid Upcoming Austrian Election | MT |
| Apr. 16 | Borouge Sets New Registry Closing Date for H2 2023 Cash Dividend | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 20,709 | 20,217 | 19,887 | - | - |
| Enterprise Value (EV) 1 | 20,709 | 23,174 | 22,498 | 24,824 | 24,804 |
| P/E ratio | - | 22.4 x | 18.7 x | 15.8 x | 13.3 x |
| Yield | - | - | 6.28% | 5.73% | 6.55% |
| Capitalization / Revenue | 3.08 x | 3.49 x | 3.47 x | 3.14 x | 2.89 x |
| EV / Revenue | 3.08 x | 4 x | 3.92 x | 3.93 x | 3.6 x |
| EV / EBITDA | 7.83 x | 10.7 x | 10.3 x | 9.84 x | 8.22 x |
| EV / FCF | - | 14.7 x | 15.2 x | -71.7 x | 11.1 x |
| FCF Yield | - | 6.81% | 6.58% | -1.39% | 8.99% |
| Price to Book | - | 4.46 x | 4.58 x | 4.32 x | 4.33 x |
| Nbr of stocks (in thousands) | 30,057,692 | 30,057,692 | 30,057,692 | - | - |
| Reference price 2 | 0.6890 | 0.6726 | 0.6616 | 0.6616 | 0.6616 |
| 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 | 5,739 | 6,324 | 6,883 |
| EBITDA 1 | - | 2,646 | 2,171 | 2,192 | 2,522 | 3,017 |
| EBIT 1 | - | - | 1,597 | 1,620 | 1,947 | 2,397 |
| Operating Margin | - | - | 27.58% | 28.23% | 30.8% | 34.83% |
| Earnings before Tax (EBT) 1 | - | - | 1,401 | 1,682 | 2,007 | 2,075 |
| Net income 1 | 1,518 | - | 991 | 1,038 | 1,182 | 1,418 |
| Net margin | 24.42% | - | 17.11% | 18.1% | 18.68% | 20.6% |
| EPS 2 | - | - | 0.0300 | 0.0354 | 0.0418 | 0.0496 |
| Free Cash Flow 1 | - | - | 1,577 | 1,480 | -346 | 2,229 |
| FCF margin | - | - | 27.24% | 25.78% | -5.47% | 32.38% |
| FCF Conversion (EBITDA) | - | - | 72.65% | 67.5% | - | 73.88% |
| FCF Conversion (Net income) | - | - | 159.15% | 142.47% | - | 157.17% |
| Dividend per Share 2 | - | - | - | 0.0416 | 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 | 1,281 | 1,505 | 1,505 | 1,403 |
| EBITDA 1 | 859 | 516 | 541 | 460.2 | 518 | 592.4 | 600 | 447.5 | - | - | - |
| EBIT 1 | - | 459 | - | 327 | 368.7 | 449 | 452 | 322.2 | 420.7 | 420.7 | 411.1 |
| Operating Margin | - | 27.42% | - | 23.67% | 26.04% | 30.01% | 30.19% | 25.16% | 27.95% | 27.95% | 29.29% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 485.1 | 304.2 | - | - | 229 | 279.1 | 285 | 165 | - | - | - |
| Net margin | 25.94% | 18.17% | - | - | 16.17% | 18.65% | 19.04% | 12.88% | - | - | - |
| 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 | - | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 2,957 | 2,611 | 4,937 | 4,917 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.362 x | 1.191 x | 1.958 x | 1.63 x |
| Free Cash Flow 1 | - | - | 1,577 | 1,480 | -346 | 2,229 |
| ROE (net income / shareholders' equity) | - | - | 21.1% | 22.3% | 27.3% | 35% |
| 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 | 0.1400 | 0.1500 | 0.1500 |
| Cash Flow per Share 2 | - | - | 0.0600 | 0.0700 | 0.0800 | 0.1000 |
| Capex 1 | - | - | 199 | 232 | 187 | 203 |
| Capex / Sales | - | - | 3.44% | 4.04% | 2.95% | 2.95% |
| 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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
0.6616
USD
Average target price
0.7727
USD
Spread / Average Target
+16.78%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -1.62% | 19.88B | |
| -11.07% | 5.32B | |
| +3.69% | 1.32B | |
| -4.63% | 1.14B | |
| +28.42% | 996M | |
| -21.52% | 688M | |
| -13.51% | 674M | |
| -15.23% | 277M | |
| -1.44% | 260M | |
| -10.51% | 253M |
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- Financials Borouge plc
