Financials Heavy Engineering Industries and Shipbuilding Company K.S.C.P.

Equities

SHIP

KW0EQ0500888

Oil Related Services and Equipment

End-of-day quote Kuwait S.E. 06:00:00 2024-04-27 pm EDT 5-day change 1st Jan Change
0.84 KWD -0.24% Intraday chart for Heavy Engineering Industries and Shipbuilding Company K.S.C.P. +3.32% +2.44%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 77.86 73 71.56 91.74 110.5 147.8
Enterprise Value (EV) 1 107.5 112.2 110.3 121.3 142 170.1
P/E ratio 8.07 x 6.5 x 7.81 x 14.4 x 19.6 x 20.8 x
Yield 6.94% 7.41% 5.04% 3.93% 3.26% 3.66%
Capitalization / Revenue 0.43 x 0.41 x 0.47 x 0.71 x 0.89 x 1.01 x
EV / Revenue 0.59 x 0.64 x 0.72 x 0.94 x 1.15 x 1.16 x
EV / EBITDA 5.66 x 5.15 x 6.03 x 8.35 x 14 x 14 x
EV / FCF 959 x -11.8 x 34.4 x 10.2 x -12.2 x 21.1 x
FCF Yield 0.1% -8.45% 2.91% 9.85% -8.17% 4.75%
Price to Book 1.39 x 1.17 x 1.08 x 1.33 x 1.56 x 2 x
Nbr of stocks (in thousands) 180,242 180,242 180,242 180,240 180,242 180,242
Reference price 2 0.4320 0.4050 0.3970 0.5090 0.6130 0.8200
Announcement Date 3/14/19 4/1/20 3/14/21 3/15/22 3/9/23 3/6/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 181.4 176.4 152.7 128.6 123.7 146.9
EBITDA 1 18.98 21.79 18.3 14.52 10.11 12.15
EBIT 1 10.53 12.81 10.12 7.12 5.74 7.863
Operating Margin 5.8% 7.26% 6.63% 5.54% 4.64% 5.35%
Earnings before Tax (EBT) 1 9.744 11.36 9.244 6.447 5.709 7.196
Net income 1 9.643 11.23 9.16 6.375 5.627 7.11
Net margin 5.32% 6.36% 6% 4.96% 4.55% 4.84%
EPS 2 0.0535 0.0623 0.0508 0.0354 0.0312 0.0394
Free Cash Flow 1 0.1121 -9.48 3.209 11.94 -11.59 8.078
FCF margin 0.06% -5.37% 2.1% 9.28% -9.37% 5.5%
FCF Conversion (EBITDA) 0.59% - 17.54% 82.24% - 66.5%
FCF Conversion (Net income) 1.16% - 35.04% 187.26% - 113.62%
Dividend per Share 2 0.0300 0.0300 0.0200 0.0200 0.0200 0.0300
Announcement Date 3/14/19 4/1/20 3/14/21 3/15/22 3/9/23 3/6/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 29.6 39.2 38.7 29.5 31.5 22.3
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.561 x 1.799 x 2.117 x 2.033 x 3.115 x 1.834 x
Free Cash Flow 1 0.11 -9.48 3.21 11.9 -11.6 8.08
ROE (net income / shareholders' equity) 18.2% 19% 14.3% 9.45% 8.06% 9.82%
ROA (Net income/ Total Assets) 3.84% 4.33% 3.35% 2.5% 2.08% 2.73%
Assets 1 250.8 259.3 273.1 254.9 270 260.7
Book Value Per Share 2 0.3100 0.3500 0.3700 0.3800 0.3900 0.4100
Cash Flow per Share 2 0.0300 0.0300 0.0200 0.0300 0.0300 0.0300
Capex 1 18.7 6.58 2.75 1.53 11.6 13.3
Capex / Sales 10.32% 3.73% 1.8% 1.19% 9.38% 9.06%
Announcement Date 3/14/19 4/1/20 3/14/21 3/15/22 3/9/23 3/6/24
1KWD in Million2KWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. SHIP Stock
  4. Financials Heavy Engineering Industries and Shipbuilding Company K.S.C.P.