Financials Kuwait Real Estate Company K.P.S.C.

Equities

KRE

KW0EQ0400618

Real Estate Development & Operations

End-of-day quote Kuwait S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
0.219 KWD -0.45% Intraday chart for Kuwait Real Estate Company K.P.S.C. +0.46% +6.83%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 49.07 90.9 95.71 164.5 99.98 187.7
Enterprise Value (EV) 1 144.6 242.8 265.5 320.3 283.6 381
P/E ratio 7.19 x 12.7 x 26.6 x 25.9 x 13.6 x 16.7 x
Yield - - - 1.68% 2.78% 1.95%
Capitalization / Revenue 2.76 x 3.64 x 4.23 x 7.43 x 3.15 x 6.17 x
EV / Revenue 8.14 x 9.73 x 11.7 x 14.5 x 8.93 x 12.5 x
EV / EBITDA 16.9 x 13.3 x 15.9 x 21.8 x 14 x 19.8 x
EV / FCF -8.84 x 63.6 x 109 x 24.2 x 13.9 x -23.6 x
FCF Yield -11.3% 1.57% 0.92% 4.14% 7.22% -4.24%
Price to Book 0.36 x 0.71 x 0.81 x 1.27 x 0.78 x 1.29 x
Nbr of stocks (in thousands) 905,340 865,755 878,085 919,261 925,705 915,481
Reference price 2 0.0542 0.1050 0.1090 0.1790 0.1080 0.2050
Announcement Date 4/3/19 4/13/20 3/24/21 3/9/22 3/14/23 3/31/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 17.77 24.96 22.63 22.15 31.76 30.41
EBITDA 1 8.572 18.21 16.71 14.67 20.23 19.23
EBIT 1 8.22 18.16 16.57 14.62 20.2 19
Operating Margin 46.27% 72.74% 73.23% 66% 63.59% 62.48%
Earnings before Tax (EBT) 1 6.825 7.319 3.969 7.248 7.647 12.44
Net income 1 6.747 7.046 3.568 6.251 7.268 11.29
Net margin 37.98% 28.23% 15.76% 28.22% 22.88% 37.11%
EPS 2 0.007541 0.008264 0.004099 0.006920 0.007918 0.0123
Free Cash Flow 1 -16.36 3.821 2.431 13.26 20.47 -16.16
FCF margin -92.05% 15.31% 10.74% 59.84% 64.45% -53.12%
FCF Conversion (EBITDA) - 20.98% 14.55% 90.38% 101.19% -
FCF Conversion (Net income) - 54.23% 68.15% 212.05% 281.64% -
Dividend per Share - - - 0.003000 0.003000 0.004000
Announcement Date 4/3/19 4/13/20 3/24/21 3/9/22 3/14/23 3/31/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 95.5 152 170 156 184 193
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11.14 x 8.344 x 10.16 x 10.62 x 9.075 x 10.05 x
Free Cash Flow 1 -16.4 3.82 2.43 13.3 20.5 -16.2
ROE (net income / shareholders' equity) 5.08% 5.48% 3.1% 5.62% 5.7% 8.46%
ROA (Net income/ Total Assets) 1.97% 3.8% 3.21% 2.77% 3.6% 3.15%
Assets 1 342 185.6 111.2 225.7 202 358.3
Book Value Per Share 2 0.1500 0.1500 0.1300 0.1400 0.1400 0.1600
Cash Flow per Share 2 0 0 0 0.0200 0.0100 0.0100
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 4/3/19 4/13/20 3/24/21 3/9/22 3/14/23 3/31/24
1KWD in Million2KWD
Estimates
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