Financials Burgan Bank K.P.S.C.

Equities

BURG

KW0EQ0100077

Banks

End-of-day quote Kuwait S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
0.178 KWD -1.11% Intraday chart for Burgan Bank K.P.S.C. -0.56% +8.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 796.6 558.1 784.7 718.9 592.9 644.2 - -
Enterprise Value (EV) 1 796.6 558.1 784.7 718.9 592.9 644.2 644.2 644.2
P/E ratio 12.6 x 22.7 x 19.2 x 17.4 x 17.2 x 11.7 x 11 x 10.4 x
Yield 3.95% 2.35% 1.99% 3.65% - 4.99% 5.17% 5.35%
Capitalization / Revenue 3.21 x 2.62 x 3.34 x 3.1 x 2.67 x 2.51 x 2.4 x 2.3 x
EV / Revenue 3.21 x 2.62 x 3.34 x 3.1 x 2.67 x 2.51 x 2.4 x 2.3 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.88 x 0.63 x 0.88 x 0.8 x - 0.87 x 0.87 x 0.85 x
Nbr of stocks (in thousands) 3,185,140 3,185,140 3,619,243 3,619,237 3,619,231 3,619,231 - -
Reference price 2 0.2501 0.1752 0.2168 0.1986 0.1638 0.1780 0.1780 0.1780
Announcement Date 3/8/20 2/12/21 2/6/22 2/8/23 2/18/24 - - -
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 248.2 212.8 234.7 232 221.7 257 268.7 280
EBITDA - - - - - - - -
EBIT 1 145.9 115.5 139.9 125 105.5 133.7 139.3 147
Operating Margin 58.81% 54.3% 59.61% 53.86% 47.58% 52.01% 51.86% 52.5%
Earnings before Tax (EBT) 1 96.73 38.39 55.3 75.1 45.1 82.67 91.33 96
Net income 1 84.68 33.66 45.39 52.13 43.55 62 69.67 71
Net margin 34.13% 15.82% 19.34% 22.46% 19.64% 24.12% 25.93% 25.36%
EPS 2 0.0198 0.007730 0.0113 0.0114 0.009520 0.0152 0.0162 0.0171
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.009870 0.004110 0.004320 0.007260 - 0.008890 0.009210 0.009520
Announcement Date 3/8/20 2/12/21 2/6/22 2/8/23 2/18/24 - - -
1KWD in Million2KWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 54.58 68.12 52.58 57.8 55.64 66.03 54.74 53.25 86.64 - 64
EBITDA - - - - - - - - - - - -
EBIT 1 - 29.35 43.48 30.16 31.24 29.1 34.48 25.78 28.19 55.49 -3.947 33
Operating Margin - 53.77% 63.82% 57.36% 54.04% 52.31% 52.22% 47.08% 52.94% 64.04% - 51.56%
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income 1 24.02 16.26 5.113 12.13 15.11 14 10.89 7.571 10.54 12.02 13.42 9
Net margin - 29.78% 7.51% 23.06% 26.15% 25.17% 16.49% 13.83% 19.78% 13.87% - 14.06%
EPS - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 7/28/21 11/3/21 2/6/22 4/24/22 7/28/22 10/20/22 2/8/23 5/9/23 7/27/23 10/26/23 2/18/24 -
1KWD 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) 9.41% 3.67% 5.25% 5.83% - 7.23% 7.87% 7.5%
ROA (Net income/ Total Assets) 1.18% 0.47% 0.64% 0.73% - 0.76% 0.81% 0.7%
Assets 1 7,197 7,094 7,091 7,122 - 8,122 8,601 10,143
Book Value Per Share 2 0.2800 0.2800 0.2500 0.2500 - 0.2000 0.2000 0.2100
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/8/20 2/12/21 2/6/22 2/8/23 2/18/24 - - -
1KWD in Million2KWD
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
3
Last Close Price
0.178 KWD
Average target price
0.2171 KWD
Spread / Average Target
+21.99%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Burgan Bank K.P.S.C.