JAZEERA AIRWAYS K.S.C.P. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.15 KWD | -1.63% |
|
-2.62% | -17.21% |
| Mar. 04 | Jazeera Airways Announces Chief Executive Officer Changes | CI |
| Feb. 07 | Jazeera Airways K.S.C.P. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 219.8 | 146 | 283.8 | 418 | 305.6 | 253 | - | - |
| Enterprise Value (EV) 1 | 285 | 243.4 | 376.7 | 527.9 | 305.6 | 408.1 | 409 | 413.5 |
| P/E ratio | 14.7 x | -5.53 x | 38.8 x | 20.8 x | 49.9 x | 20.4 x | 14.3 x | 12.7 x |
| Yield | 6.14% | - | 2.48% | 2.63% | - | 3.22% | 4.04% | 5.99% |
| Capitalization / Revenue | 2.12 x | 3.53 x | 3.53 x | 2.3 x | 1.54 x | 1.18 x | 1.11 x | 1.02 x |
| EV / Revenue | 2.75 x | 5.88 x | 4.69 x | 2.9 x | 1.54 x | 1.91 x | 1.8 x | 1.67 x |
| EV / EBITDA | 10.7 x | -42.2 x | 13.7 x | 11.7 x | 9.38 x | 10.2 x | 8.97 x | 7.42 x |
| EV / FCF | 8.96 x | -36.4 x | 9.8 x | 372 x | - | 41.6 x | 23.9 x | 11.6 x |
| FCF Yield | 11.2% | -2.75% | 10.2% | 0.27% | - | 2.41% | 4.19% | 8.65% |
| Price to Book | 5.46 x | 12.2 x | 9.44 x | 11.4 x | - | 7.36 x | 6.74 x | 5.23 x |
| Nbr of stocks (in thousands) | 200,000 | 200,000 | 220,000 | 220,000 | 220,000 | 220,000 | - | - |
| Reference price 2 | 1.099 | 0.7300 | 1.290 | 1.900 | 1.389 | 1.150 | 1.150 | 1.150 |
| Announcement Date | 2/12/20 | 2/22/21 | 2/2/22 | 2/8/23 | 2/6/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 103.7 | 41.37 | 80.4 | 182.1 | 198.1 | 214.2 | 227.1 | 247.3 |
| EBITDA 1 | 26.66 | -5.774 | 27.4 | 45.1 | 32.57 | 39.89 | 45.57 | 55.73 |
| EBIT 1 | 14.25 | -20.68 | 11.74 | 26.84 | 11.76 | 19.6 | 24.77 | 29.08 |
| Operating Margin | 13.74% | -50% | 14.61% | 14.74% | 5.94% | 9.15% | 10.9% | 11.76% |
| Earnings before Tax (EBT) 1 | 15.41 | -26.4 | 7.408 | 21.03 | 6.444 | 12.71 | 18.42 | 20.84 |
| Net income 1 | 14.94 | -26.4 | 7.08 | 20.08 | 6.13 | 12.51 | 18.65 | 22.18 |
| Net margin | 14.41% | -63.82% | 8.81% | 11.03% | 3.09% | 5.84% | 8.21% | 8.97% |
| EPS 2 | 0.0747 | -0.1320 | 0.0333 | 0.0913 | 0.0279 | 0.0564 | 0.0802 | 0.0904 |
| Free Cash Flow 1 | 31.8 | -6.69 | 38.45 | 1.42 | - | 9.817 | 17.13 | 35.78 |
| FCF margin | 30.67% | -16.17% | 47.83% | 0.78% | - | 4.58% | 7.54% | 14.46% |
| FCF Conversion (EBITDA) | 119.31% | - | 140.32% | 3.15% | - | 24.61% | 37.6% | 64.2% |
| FCF Conversion (Net income) | 212.86% | - | 543.06% | 7.07% | - | 78.48% | 91.87% | 161.31% |
| Dividend per Share 2 | 0.0675 | - | 0.0320 | 0.0500 | - | 0.0370 | 0.0465 | 0.0689 |
| Announcement Date | 2/12/20 | 2/22/21 | 2/2/22 | 2/8/23 | 2/6/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 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 | 26.7 | 31.7 | 33.12 | 35.74 | 41.87 | 63.2 | 41.3 | 48.33 | 49.53 | 61.05 | 39.18 | 53 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | -8.164 | 12.8 | 9.492 | 5.278 | 4.555 | 16.13 | 0.8751 | 3.627 | 5.722 | 8.732 | -6.318 | - |
| Operating Margin | -30.58% | 40.38% | 28.66% | 14.77% | 10.88% | 25.52% | 2.12% | 7.51% | 11.55% | 14.3% | -16.13% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | 11.8 | 7.01 | 3.844 | 3.546 | 13.38 | -0.683 | 2.317 | 3.955 | 6.999 | -7.141 | 3 |
| Net margin | - | 37.22% | 21.16% | 10.76% | 8.47% | 21.16% | -1.65% | 4.79% | 7.99% | 11.46% | -18.23% | 5.66% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/13/20 | 11/1/21 | 2/2/22 | 4/26/22 | 8/10/22 | 10/31/22 | 2/8/23 | 5/2/23 | 8/8/23 | 11/7/23 | 2/6/24 | - |
1KWD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 65.2 | 97.4 | 92.9 | 110 | - | 155 | 156 | 161 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.446 x | -16.88 x | 3.39 x | 2.436 x | - | 3.888 x | 3.423 x | 2.88 x |
| Free Cash Flow 1 | 31.8 | -6.69 | 38.5 | 1.42 | - | 9.82 | 17.1 | 35.8 |
| ROE (net income / shareholders' equity) | 38.3% | -101% | 33.7% | 60.3% | - | 34.4% | 44.9% | 39.2% |
| ROA (Net income/ Total Assets) | 13% | -16% | 3.65% | 8.08% | - | 4.33% | 5.93% | 6.63% |
| Assets 1 | 114.8 | 164.6 | 193.9 | 248.6 | - | 288.7 | 314.3 | 334.3 |
| Book Value Per Share 2 | 0.2000 | 0.0600 | 0.1400 | 0.1700 | - | 0.1600 | 0.1700 | 0.2200 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 4.31 | 1.75 | 6.41 | 59.7 | - | 18.8 | 20.3 | 23.1 |
| Capex / Sales | 4.16% | 4.22% | 7.98% | 32.78% | - | 8.78% | 8.92% | 9.36% |
| Announcement Date | 2/12/20 | 2/22/21 | 2/2/22 | 2/8/23 | 2/6/24 | - | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
1.15
KWD
Average target price
1.426
KWD
Spread / Average Target
+24.00%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -17.21% | 821M | |
| +24.09% | 32.01B | |
| +6.68% | 24.77B | |
| -0.30% | 19.86B | |
| +32.63% | 18.21B | |
| +28.07% | 17.37B | |
| -16.19% | 14.84B | |
| +38.67% | 13.47B | |
| -14.20% | 12.32B | |
| +13.74% | 10.8B |
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