Financials Dubai Insurance Company

Equities

DIN

AED000301013

Multiline Insurance & Brokers

Delayed Dubai FM 05:36:10 2023-02-08 am EST 5-day change 1st Jan Change
7.45 AED -.--% Intraday chart for Dubai Insurance Company -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 360 400 420 775 730 745
Enterprise Value (EV) 1 293.5 314.1 324.6 608 418.3 186.9
P/E ratio 7.61 x 5.52 x 8.3 x 10.1 x 8.4 x 5.42 x
Yield 8.33% 8.75% 8.33% 5.16% 6.85% 9.4%
Capitalization / Revenue 1.93 x 1.68 x 1.96 x 2.07 x 1.32 x 0.83 x
EV / Revenue 1.57 x 1.32 x 1.52 x 1.62 x 0.76 x 0.21 x
EV / EBITDA 5.66 x 4.08 x 5.75 x 7.34 x 4.41 x 1.28 x
EV / FCF 4.33 x 22.3 x 5.42 x 3.21 x 2.33 x 0.54 x
FCF Yield 23.1% 4.48% 18.5% 31.2% 43% 184%
Price to Book 0.74 x 0.74 x 0.8 x 1.23 x 1.07 x 0.94 x
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 100,000 100,000
Reference price 2 3.600 4.000 4.200 7.750 7.300 7.450
Announcement Date 2/11/19 2/5/20 1/28/21 2/8/22 2/8/23 2/20/24
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 187 237.5 214.2 375.1 551.2 892.4
EBITDA 1 51.82 76.9 56.45 82.83 94.94 145.9
EBIT 1 50.51 75.43 54.94 80.93 92.16 141.9
Operating Margin 27.01% 31.76% 25.65% 21.57% 16.72% 15.9%
Earnings before Tax (EBT) 1 50.51 75.64 55.01 80.57 92.16 141.9
Net income 1 50.51 75.64 55.01 80.57 92.16 141.9
Net margin 27.01% 31.84% 25.67% 21.48% 16.72% 15.9%
EPS 2 0.4730 0.7243 0.5059 0.7676 0.8695 1.374
Free Cash Flow 1 67.7 14.08 59.89 189.6 179.7 344.5
FCF margin 36.21% 5.93% 27.95% 50.54% 32.61% 38.61%
FCF Conversion (EBITDA) 130.65% 18.31% 106.09% 228.88% 189.33% 236.14%
FCF Conversion (Net income) 134.05% 18.62% 108.88% 235.3% 195.04% 242.81%
Dividend per Share 2 0.3000 0.3500 0.3500 0.4000 0.5000 0.7000
Announcement Date 2/11/19 2/5/20 1/28/21 2/8/22 2/8/23 2/20/24
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 66.5 85.9 95.4 167 312 558
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 67.7 14.1 59.9 190 180 345
ROE (net income / shareholders' equity) 10.6% 14.9% 10.3% 14% 14% 19.8%
ROA (Net income/ Total Assets) 2.51% 3.32% 2.07% 2.65% 2.4% 3.63%
Assets 1 2,011 2,282 2,661 3,044 3,836 3,908
Book Value Per Share 2 4.860 5.410 5.220 6.300 6.840 7.910
Cash Flow per Share 2 0.7700 0.8900 0.9700 1.780 3.120 5.580
Capex 1 1.82 1.83 2.55 1.96 1.92 6.31
Capex / Sales 0.97% 0.77% 1.19% 0.52% 0.35% 0.71%
Announcement Date 2/11/19 2/5/20 1/28/21 2/8/22 2/8/23 2/20/24
1AED in Million2AED
Estimates
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