Financials Manazel

Equities

MANAZEL

AEM000601017

Real Estate Development & Operations

Market Closed - Abu Dhabi Securities Exchange 06:55:00 2024-04-26 am EDT 5-day change 1st Jan Change
0.338 AED -3.70% Intraday chart for Manazel +10.10% -3.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 985.4 1,040 910 1,362 1,027 910
Enterprise Value (EV) 1 2,334 2,464 2,277 2,820 2,562 2,362
P/E ratio 4.27 x 4.32 x 40.4 x 66.6 x -6.72 x -4.59 x
Yield - - - - - -
Capitalization / Revenue 1.22 x 1.1 x 1.16 x 12.5 x 7.02 x 2.62 x
EV / Revenue 2.88 x 2.6 x 2.89 x 25.8 x 17.5 x 6.79 x
EV / EBITDA 10.1 x 6.2 x 459 x -56.8 x -39.7 x -18.5 x
EV / FCF -7.61 x 50.5 x 39 x 37.5 x 11.3 x 20.1 x
FCF Yield -13.1% 1.98% 2.56% 2.67% 8.85% 4.99%
Price to Book 0.34 x 0.31 x 0.28 x 0.42 x 0.33 x 0.31 x
Nbr of stocks (in thousands) 2,600,000 2,600,000 2,600,000 2,600,000 2,600,000 2,600,000
Reference price 2 0.3790 0.4000 0.3500 0.5240 0.3950 0.3500
Announcement Date 5/5/19 3/30/20 3/31/21 3/28/22 3/30/23 3/29/24
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 809.3 946.8 787.3 109.3 146.3 348
EBITDA 1 231.8 397.7 4.965 -49.66 -64.56 -127.4
EBIT 1 221.1 387.5 -4.857 -58.85 -72.76 -134.8
Operating Margin 27.32% 40.93% -0.62% -53.85% -49.73% -38.73%
Earnings before Tax (EBT) 1 230.7 240.6 22.51 20.46 -152.8 -198.3
Net income 1 230.7 240.6 22.51 20.46 -152.8 -198.3
Net margin 28.51% 25.41% 2.86% 18.72% -104.46% -57%
EPS 2 0.0887 0.0925 0.008656 0.007868 -0.0588 -0.0763
Free Cash Flow 1 -306.8 48.83 58.36 75.23 226.7 117.8
FCF margin -37.91% 5.16% 7.41% 68.84% 154.92% 33.85%
FCF Conversion (EBITDA) - 12.28% 1,175.41% - - -
FCF Conversion (Net income) - 20.29% 259.29% 367.72% - -
Dividend per Share - - - - - -
Announcement Date 5/5/19 3/30/20 3/31/21 3/28/22 3/30/23 3/29/24
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,349 1,424 1,367 1,458 1,535 1,452
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.819 x 3.58 x 275.3 x -29.36 x -23.78 x -11.4 x
Free Cash Flow 1 -307 48.8 58.4 75.2 227 118
ROE (net income / shareholders' equity) 7.92% 7.69% 0.69% 0.63% -4.78% -6.55%
ROA (Net income/ Total Assets) 2.69% 4.26% -0.05% -0.63% -0.8% -1.57%
Assets 1 8,592 5,645 -43,366 -3,255 19,074 12,649
Book Value Per Share 2 1.130 1.280 1.240 1.260 1.200 1.130
Cash Flow per Share 2 0.0600 0.0300 0.0200 0.0200 0.0100 0
Capex 1 2.5 0.37 0.78 - 0.37 -
Capex / Sales 0.31% 0.04% 0.1% - 0.25% -
Announcement Date 5/5/19 3/30/20 3/31/21 3/28/22 3/30/23 3/29/24
1AED in Million2AED
Estimates