KUWAIT FINANCE HOUSE K.S.C.P. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.723 KWD | -0.96% |
|
-0.55% | +8.54% |
| Apr. 24 | Kuwait Finance House K.S.C.P. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 01 | Al Salam Bank to Take Over Kuwait Finance House’s Bahrain Unit | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,602 | 5,148 | 6,969 | 10,969 | 10,604 | 12,012 | - | - |
| Enterprise Value (EV) 1 | 5,602 | 5,148 | 6,969 | 10,969 | 10,604 | 12,012 | 12,012 | 12,012 |
| P/E ratio | 22.2 x | 34.7 x | 29.1 x | 24.5 x | 18.9 x | 20.6 x | 18.3 x | 20.4 x |
| Yield | 2.47% | 1.48% | 1.44% | 1.82% | - | 2.54% | 2.56% | 3.08% |
| Capitalization / Revenue | 6.88 x | 6.47 x | 8.59 x | 10.2 x | 7.26 x | 7.98 x | 7.68 x | 7.39 x |
| EV / Revenue | 6.88 x | 6.47 x | 8.59 x | 10.2 x | 7.26 x | 7.98 x | 7.68 x | 7.39 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 2.72 x | 2.71 x | 3.61 x | 2.05 x | - | 2.05 x | 1.99 x | 1.97 x |
| Nbr of stocks (in thousands) | 11,023,138 | 11,031,735 | 11,047,990 | 15,979,951 | 15,920,912 | 16,614,689 | - | - |
| Reference price 2 | 0.5082 | 0.4666 | 0.6308 | 0.6864 | 0.6661 | 0.7230 | 0.7230 | 0.7230 |
| Announcement Date | 1/27/20 | 2/4/21 | 2/8/22 | 2/6/23 | 2/1/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 814.4 | 795.6 | 811 | 1,072 | 1,461 | 1,505 | 1,564 | 1,626 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 510.1 | 499.6 | 503.1 | 723.3 | 945.4 | 987 | 1,046 | 1,075 |
| Operating Margin | 62.64% | 62.79% | 62.03% | 67.45% | 64.72% | 65.56% | 66.89% | 66.11% |
| Earnings before Tax (EBT) 1 | 313.2 | 215.5 | 367.7 | 533.6 | 828.2 | 906 | 904.3 | 935 |
| Net income 1 | 251 | 148.4 | 243.4 | 357.7 | 584.5 | 626 | 647 | 690 |
| Net margin | 30.82% | 18.65% | 30.01% | 33.36% | 40.01% | 41.58% | 41.36% | 42.43% |
| EPS 2 | 0.0228 | 0.0134 | 0.0217 | 0.0280 | 0.0353 | 0.0351 | 0.0396 | 0.0354 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0125 | 0.006890 | 0.009100 | 0.0125 | - | 0.0184 | 0.0185 | 0.0223 |
| Announcement Date | 1/27/20 | 2/4/21 | 2/8/22 | 2/6/23 | 2/1/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 220.2 | 228.2 | 229.6 | 240.3 | 374.3 | 379.1 | 381.4 | 345.1 | 392.4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 138.8 | 148.2 | 160.1 | 155 | 259.9 | 251.2 | 250.7 | 205.6 | 247.6 |
| Operating Margin | - | 63.03% | 64.96% | 69.74% | 64.53% | 69.45% | 66.25% | 65.73% | 59.58% | 63.1% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 102.2 | 75.33 | 69.5 | 68.58 | 67.69 | 151.9 | 162.1 | 128.1 | 123 | 162.8 |
| Net margin | - | 34.21% | 30.46% | 29.88% | 28.17% | 40.6% | 42.76% | 33.6% | 35.64% | 41.5% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/3/21 | 2/8/22 | 4/21/22 | 7/27/22 | 10/20/22 | 2/6/23 | 4/30/23 | 10/18/23 | 2/1/24 | 4/24/24 |
1KWD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 12.7% | 7.43% | 12.6% | 9.81% | - | 19.9% | 19.2% | 19.6% |
| ROA (Net income/ Total Assets) | 1.35% | 0.73% | 1.12% | 1.22% | - | 1.5% | 1.58% | 1.3% |
| Assets 1 | 18,581 | 20,446 | 21,644 | 29,379 | - | 41,733 | 41,036 | 53,077 |
| Book Value Per Share 2 | 0.1900 | 0.1700 | 0.1700 | 0.3400 | - | 0.3500 | 0.3600 | 0.3700 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/27/20 | 2/4/21 | 2/8/22 | 2/6/23 | 2/1/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
6
Last Close Price
0.723
KWD
Average target price
0.5295
KWD
Spread / Average Target
-26.77%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +8.54% | 39B | |
| -4.40% | 58.55B | |
| +5.27% | 21.7B | |
| -4.29% | 11.6B | |
| +10.67% | 11.07B | |
| +3.00% | 7.95B | |
| +41.95% | 7.02B | |
| -6.78% | 6.32B | |
| -1.89% | 5.57B | |
| +8.42% | 4.43B |
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