METHAQ TAKAFUL INSURANCE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.645 AED | +2.22% |
|
-.--% | -.--% |
| Mar. 12 | Methaq Takaful Insurance P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
| 2023 | Methaq Takaful Insurance P.S.C. Auditor Raises 'Going Concern' Doubt | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 112.5 | 108.2 | 119.8 | 130.2 | 121.5 | 95.4 |
| Enterprise Value (EV) 1 | 272.6 | 283.5 | 292 | 303.5 | 313 | 258.9 |
| P/E ratio | 140 x | 7.02 x | 30.8 x | 15.8 x | -16.1 x | 6.84 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.39 x | 0.33 x | 0.61 x | 0.78 x | 0.6 x | 0.39 x |
| EV / Revenue | 0.94 x | 0.87 x | 1.48 x | 1.83 x | 1.54 x | 1.07 x |
| EV / EBITDA | 165 x | 15.9 x | 11.9 x | 34.4 x | -12.1 x | 66.2 x |
| EV / FCF | 4.8 x | -1,570 x | -9.77 x | -59.3 x | 21.6 x | 15.6 x |
| FCF Yield | 20.8% | -0.06% | -10.2% | -1.69% | 4.63% | 6.42% |
| Price to Book | 1.49 x | 1.29 x | 1.43 x | 1.41 x | 1.43 x | 0.97 x |
| Nbr of stocks (in thousands) | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 |
| Reference price 2 | 0.7500 | 0.7210 | 0.7990 | 0.8680 | 0.8100 | 0.6360 |
| Announcement Date | 3/29/18 | 3/17/19 | 3/26/20 | 3/20/21 | 3/21/22 | 3/31/23 |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 290.9 | 327 | 196.8 | 166 | 203.7 | 242.8 |
| EBITDA 1 | 1.653 | 17.87 | 24.54 | 8.81 | -25.91 | 3.909 |
| EBIT 1 | 0.8037 | 17.1 | 23.89 | 8.229 | -26.83 | 3.178 |
| Operating Margin | 0.28% | 5.23% | 12.14% | 4.96% | -13.17% | 1.31% |
| Earnings before Tax (EBT) 1 | 0.8037 | 15.41 | 3.885 | 8.229 | -7.557 | 13.95 |
| Net income 1 | 0.8037 | 15.41 | 3.885 | 8.229 | -7.557 | 13.95 |
| Net margin | 0.28% | 4.71% | 1.97% | 4.96% | -3.71% | 5.75% |
| EPS 2 | 0.005358 | 0.1027 | 0.0259 | 0.0549 | -0.0504 | 0.0930 |
| Free Cash Flow 1 | 56.82 | -0.1806 | -29.89 | -5.115 | 14.49 | 16.62 |
| FCF margin | 19.53% | -0.06% | -15.19% | -3.08% | 7.11% | 6.85% |
| FCF Conversion (EBITDA) | 3,438.08% | - | - | - | - | 425.23% |
| FCF Conversion (Net income) | 7,069.47% | - | - | - | - | 119.13% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/29/18 | 3/17/19 | 3/26/20 | 3/20/21 | 3/21/22 | 3/31/23 |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 160 | 175 | 172 | 173 | 192 | 163 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 96.91 x | 9.811 x | 7.015 x | 19.67 x | -7.393 x | 41.83 x |
| Free Cash Flow 1 | 56.8 | -0.18 | -29.9 | -5.12 | 14.5 | 16.6 |
| ROE (net income / shareholders' equity) | 1.03% | 19.4% | 4.63% | 9.33% | -8.54% | 15.2% |
| ROA (Net income/ Total Assets) | 0.1% | 1.79% | 2.28% | 0.74% | -2.28% | 0.26% |
| Assets 1 | 787.9 | 863 | 170.3 | 1,117 | 331.5 | 5,408 |
| Book Value Per Share 2 | 0.5000 | 0.5600 | 0.5600 | 0.6200 | 0.5600 | 0.6600 |
| Cash Flow per Share 2 | 0.4000 | 0.2200 | 0.1000 | 0.0800 | 0.0300 | 0.0500 |
| Capex 1 | 0.46 | 0.36 | 0.7 | 0.41 | 1.97 | 0.02 |
| Capex / Sales | 0.16% | 0.11% | 0.36% | 0.25% | 0.96% | 0.01% |
| Announcement Date | 3/29/18 | 3/17/19 | 3/26/20 | 3/20/21 | 3/21/22 | 3/31/23 |
1AED in Million2AED
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -.--% | 26.34M | |
| -5.61% | 346M | |
| +13.65% | 340M | |
| +46.74% | 324M | |
| -5.74% | 207M | |
| -16.67% | 143M | |
| -24.55% | 104M | |
| +3.77% | 69.18M | |
| +224.14% | 65.19M |
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