Financials Jordan Petroleum Refinery Co. Ltd.

Equities

End-of-day quote Amman S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
4.75 ^JOD	+0.42%		+0.42%	+1.06%

Mar. 07	Jordan Petroleum Refinery Co. Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Jordan Petroleum Refinery Co. Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	323	250	343	535	470	475	-	-
Enterprise Value (EV) ¹	323	867	921.2	535	470	1,057	1,026	475
P/E ratio	7.36 x	-17.5 x	6.6 x	5.14 x	5.76 x	6.01 x	5.46 x	-
Yield	-	2%	7.29%	-	-	9.47%	10.5%	10.5%
Capitalization / Revenue	-	0.26 x	0.28 x	0.31 x	0.28 x	0.28 x	0.27 x	0.25 x
EV / Revenue	-	0.91 x	0.74 x	0.31 x	0.28 x	0.62 x	0.58 x	0.25 x
EV / EBITDA	-	-54.6 x	11.3 x	3.17 x	4.13 x	7.72 x	6.89 x	-
EV / FCF	-	-10.5 x	18.8 x	-	-	7.72 x	13.5 x	-
FCF Yield	-	-9.55%	5.33%	-	-	13%	7.41%	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	100,000	100,000	100,000	100,000	100,000	100,000	-	-
Reference price ²	3.230	2.500	3.430	5.350	4.700	4.750	4.750	4.750
Announcement Date	5/17/20	3/29/21	4/12/22	3/8/23	3/7/24	-	-	-

¹JOD in Million²JOD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	957.3	1,240	1,706	1,659	1,713	1,761	1,877
EBITDA ¹	-	-15.89	81.49	168.5	113.7	137	149	-
EBIT ¹	-	-31.21	66.43	151.3	101.6	117	129	-
Operating Margin	-	-3.26%	5.36%	8.87%	6.12%	6.83%	7.33%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	43.87	-14.33	52.05	104	81.55	79	86.9	101
Net margin	-	-1.5%	4.2%	6.09%	4.92%	4.61%	4.93%	5.38%
EPS ²	0.4390	-0.1430	0.5200	1.040	0.8160	0.7900	0.8700	-
Free Cash Flow ¹	-	-82.76	49.07	-	-	137	76	-
FCF margin	-	-8.65%	3.96%	-	-	8%	4.32%	-
FCF Conversion (EBITDA)	-	-	60.22%	-	-	100%	51.01%	-
FCF Conversion (Net income)	-	-	94.28%	-	-	173.42%	87.46%	-
Dividend per Share ²	-	0.0500	0.2500	-	-	0.4500	0.5000	0.5000
Announcement Date	5/17/20	3/29/21	4/12/22	3/8/23	3/7/24	-	-	-

¹JOD in Million²JOD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	617	578	-	-	582	551	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-38.83 x	7.096 x	-	-	4.248 x	3.698 x	-
Free Cash Flow ¹	-	-82.8	49.1	-	-	137	76	-
ROE (net income / shareholders' equity)	-	-6.44%	22.6%	-	-	20.9%	20.9%	22%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	17.5	12	-	-	42.8	40.5	-
Capex / Sales	-	1.83%	0.97%	-	-	2.5%	2.3%	-
Announcement Date	5/17/20	3/29/21	4/12/22	3/8/23	3/7/24	-	-	-

¹JOD in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

4.75 JOD

Average target price

5.8 JOD

Spread / Average Target

+22.11%

	1st Jan change	Capi.
JORDAN PETROLEUM REFINERY CO. LTD.	+1.06%	670M
RELIANCE INDUSTRIES LTD	+12.39%	221B
BP PLC	+12.58%	107B
CHINA PETROLEUM & CHEMICAL CORPORATION	+17.36%	103B
MARATHON PETROLEUM CORPORATION	+33.72%	71.49B
PHILLIPS 66	+13.72%	64.2B
VALERO ENERGY CORPORATION	+27.54%	54.22B
IMPERIAL OIL LIMITED	+27.93%	37.79B
INDIAN OIL CORPORATION LIMITED	+32.11%	28.33B
FORMOSA PETROCHEMICAL CORPORATION	-11.77%	20.79B