Financials Bupa Arabia for Cooperative Insurance Company

Equities

8210

SA1210540914

Life & Health Insurance

End-of-day quote Saudi Arabian S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
241.6 SAR -2.58% Intraday chart for Bupa Arabia for Cooperative Insurance Company +4.59% +13.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,241 14,608 15,708 21,488 31,904 36,120 - -
Enterprise Value (EV) 1 12,241 14,608 15,708 21,488 31,904 36,120 36,120 36,120
P/E ratio 20.6 x 21 x 25.1 x 24.9 x 33.9 x 27.4 x 22.8 x 19 x
Yield 1.46% 2.78% 2.59% 3.13% - 2.42% 2.77% 3.48%
Capitalization / Revenue 1.31 x 1.36 x 1.48 x 1.67 x 2.01 x 2 x 1.71 x 1.49 x
EV / Revenue 1.31 x 1.36 x 1.48 x 1.67 x 2.01 x 2 x 1.71 x 1.49 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.02 x 3.76 x 3.74 x 5 x 6.82 x 5.43 x 5.58 x 4.4 x
Nbr of stocks (in thousands) 149,427 149,427 149,427 149,427 149,505 149,505 - -
Reference price 2 81.92 97.76 105.1 143.8 213.4 241.6 241.6 241.6
Announcement Date 2/27/20 3/9/21 2/24/22 2/23/23 2/11/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,371 10,734 10,618 12,837 15,888 18,081 21,074 24,318
EBITDA - - - - - - - -
EBIT 779.5 903.8 789 1,092 - - - -
Operating Margin 8.32% 8.42% 7.43% 8.51% - - - -
Earnings before Tax (EBT) 1 712.7 823.7 730.7 1,027 - 1,578 1,945 2,264
Net income 1 712.7 823.7 625.6 862.6 940.2 1,322 1,525 1,908
Net margin 7.6% 7.67% 5.89% 6.72% 5.92% 7.31% 7.24% 7.85%
EPS 2 3.976 4.664 4.184 5.780 6.290 8.810 10.60 12.72
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.200 2.720 2.720 4.500 - 5.854 6.700 8.400
Announcement Date 2/27/20 3/9/21 2/24/22 2/23/23 2/11/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 2,730 2,839 4,222 3,001 4,176 3,409 - 3,885 4,093 4,160 -
EBITDA - - - - - - - - - - -
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 1 228.3 19.99 138 291 375.3 58.27 188.6 371.4 275.4 104.9 248
Net margin 8.36% 0.7% 3.27% 9.7% 8.99% 1.71% - 9.56% 6.73% 2.52% -
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 11/7/21 2/24/22 4/28/22 8/11/22 11/8/22 2/23/23 6/6/23 8/9/23 11/8/23 2/11/24 -
1SAR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 21.1% 20% 18.1% 20.3% 21.2% 24.2% 24.5% 24.4%
ROA (Net income/ Total Assets) 6.43% 6.42% 6.12% 6.46% - 9.5% 10.1% 9.1%
Assets 1 11,089 12,825 10,229 13,355 - 13,921 15,102 20,967
Book Value Per Share 2 20.40 26.00 28.10 28.80 31.30 44.50 43.30 54.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/27/20 3/9/21 2/24/22 2/23/23 2/11/24 - - -
1SAR in Million2SAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
5
Last Close Price
241.6 SAR
Average target price
214.3 SAR
Spread / Average Target
-11.30%
Consensus

Quarterly revenue - Rate of surprise

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