Financials Gulf Insurance Group - Jordan

Equities

GIGJ

JO2101411012

Property & Casualty Insurance

End-of-day quote Amman S.E. 06:00:00 2024-04-22 pm EDT 5-day change 1st Jan Change
1.91 JOD +4.95% Intraday chart for Gulf Insurance Group - Jordan +3.24% +7.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 24.01 24.44 25.08 39.43 52 46.28
Enterprise Value (EV) 1 33.12 20.24 23.76 41.48 53.09 45.36
P/E ratio 7.47 x 4.74 x 4.42 x 5.99 x 7.12 x 5.91 x
Yield - - - 3.22% 7.5% 8.43%
Capitalization / Revenue 0.46 x 0.47 x 0.46 x 0.6 x 0.81 x 0.49 x
EV / Revenue 0.63 x 0.39 x 0.43 x 0.63 x 0.82 x 0.48 x
EV / EBITDA 7.03 x 2.67 x 2.53 x 4.05 x 6.31 x 5.06 x
EV / FCF 3.02 x 3.23 x -0.58 x -0.76 x 31.4 x 1.03 x
FCF Yield 33.1% 30.9% -173% -131% 3.19% 97.1%
Price to Book 1.02 x 0.88 x 0.75 x 0.95 x 1.07 x 0.94 x
Nbr of stocks (in thousands) 21,912 21,912 21,912 26,000 26,000 26,000
Reference price 2 1.096 1.115 1.145 1.517 2.000 1.780
Announcement Date 2/27/19 2/9/20 3/11/21 3/29/22 2/28/23 2/17/24
1JOD in Million2JOD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 52.3 51.74 54.81 65.58 64.56 93.91
EBITDA 1 4.713 7.584 9.408 10.23 8.415 8.97
EBIT 1 4.277 7.182 9.008 9.796 7.98 8.525
Operating Margin 8.18% 13.88% 16.44% 14.94% 12.36% 9.08%
Earnings before Tax (EBT) 1 4.246 7.18 8.96 9.186 7.888 8.452
Net income 1 3.213 5.161 5.676 6.553 7.304 7.829
Net margin 6.14% 9.97% 10.36% 9.99% 11.31% 8.34%
EPS 2 0.1466 0.2355 0.2590 0.2533 0.2809 0.3011
Free Cash Flow 1 10.98 6.26 -41.05 -54.47 1.692 44.02
FCF margin 20.99% 12.1% -74.9% -83.05% 2.62% 46.88%
FCF Conversion (EBITDA) 232.9% 82.54% - - 20.11% 490.78%
FCF Conversion (Net income) 341.61% 121.3% - - 23.17% 562.35%
Dividend per Share - - - 0.0489 0.1500 0.1500
Announcement Date 2/27/19 2/9/20 3/11/21 3/29/22 2/28/23 2/17/24
1JOD in Million2JOD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 9.11 - - 2.05 1.09 -
Net Cash position 1 - 4.2 1.32 - - 0.92
Leverage (Debt/EBITDA) 1.932 x - - 0.2 x 0.1297 x -
Free Cash Flow 1 11 6.26 -41.1 -54.5 1.69 44
ROE (net income / shareholders' equity) 13.9% 20.1% 18.5% 14% 16.4% 17%
ROA (Net income/ Total Assets) 2.59% 4.29% 4.97% 4.88% 3.68% 4.52%
Assets 1 123.9 120.2 114.3 134.3 198.5 173.2
Book Value Per Share 2 1.080 1.270 1.530 1.590 1.860 1.900
Cash Flow per Share 2 0.1100 0.6200 0.3500 0.0900 0.0300 0.0400
Capex 1 0.22 0.31 0.37 0.33 1.13 1.13
Capex / Sales 0.42% 0.6% 0.68% 0.51% 1.75% 1.2%
Announcement Date 2/27/19 2/9/20 3/11/21 3/29/22 2/28/23 2/17/24
1JOD in Million2JOD
Estimates
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