MEZZAN HOLDING COMPANY K.S.C.P. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.744 KWD | -0.13% |
|
+2.62% | +29.39% |
| Mar. 20 | Mezzan Holding KSC Announces Executive Changes | CI |
| Mar. 12 | Transcript : Mezzan Holding Company K.S.C.P., 2023 Earnings Call, Mar 12, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 152.3 | 185.2 | 184.7 | 122.1 | 178.3 | 230.8 | - | - |
| Enterprise Value (EV) 1 | 152.3 | 238.7 | 184.7 | 186.4 | 178.3 | 230.8 | 230.8 | 230.8 |
| P/E ratio | 28.1 x | 17.6 x | 21.8 x | -61.6 x | 15.6 x | 25.5 x | 21.5 x | 20.4 x |
| Yield | 2.88% | 2.85% | 2.66% | 3.05% | 3.48% | 1.96% | 2.32% | 2.46% |
| Capitalization / Revenue | 0.68 x | 0.75 x | 0.75 x | 0.48 x | 0.66 x | 0.81 x | 0.78 x | 0.75 x |
| EV / Revenue | 0.68 x | 0.75 x | 0.75 x | 0.48 x | 0.66 x | 0.81 x | 0.78 x | 0.75 x |
| EV / EBITDA | 7.55 x | 7.29 x | 9.32 x | 15.2 x | 8.98 x | 7.42 x | 6.8 x | 8.34 x |
| EV / FCF | 26.3 x | 5.93 x | 13.5 x | 43.4 x | 10.7 x | 15.4 x | 13.6 x | 14.4 x |
| FCF Yield | 3.81% | 16.9% | 7.39% | 2.3% | 9.3% | 6.5% | 7.37% | 6.93% |
| Price to Book | 1.5 x | 1.76 x | 1.65 x | 1.19 x | 1.62 x | 1.85 x | 1.75 x | 1.66 x |
| Nbr of stocks (in thousands) | 304,545 | 304,545 | 313,650 | 310,779 | 310,167 | 310,190 | - | - |
| Reference price 2 | 0.5000 | 0.6080 | 0.5890 | 0.3930 | 0.5750 | 0.7440 | 0.7440 | 0.7440 |
| Announcement Date | 4/9/20 | 3/18/21 | 3/23/22 | 3/22/23 | 3/11/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 222.5 | 246.4 | 245.1 | 255.2 | 271.2 | 283.6 | 294.9 | 305.8 |
| EBITDA 1 | 20.18 | 25.39 | 19.82 | 8.017 | 19.85 | 31.12 | 33.95 | 27.66 |
| EBIT 1 | 11.95 | 16.37 | - | -1.549 | 18.48 | 15.34 | 17.54 | 18.49 |
| Operating Margin | 5.37% | 6.64% | - | -0.61% | 6.82% | 5.41% | 5.95% | 6.05% |
| Earnings before Tax (EBT) 1 | 6.635 | 12.83 | - | -1.552 | 13.25 | 11 | 13 | 13 |
| Net income 1 | 5.636 | 10.93 | 8.431 | -1.968 | 11.46 | 9 | 11 | 11 |
| Net margin | 2.53% | 4.43% | 3.44% | -0.77% | 4.23% | 3.17% | 3.73% | 3.6% |
| EPS 2 | 0.0178 | 0.0345 | 0.0270 | -0.006380 | 0.0370 | 0.0292 | 0.0346 | 0.0366 |
| Free Cash Flow 1 | 5.797 | 31.22 | 13.65 | 2.814 | 16.59 | 15 | 17 | 16 |
| FCF margin | 2.61% | 12.67% | 5.57% | 1.1% | 6.12% | 5.29% | 5.76% | 5.23% |
| FCF Conversion (EBITDA) | 28.73% | 122.96% | 68.87% | 35.1% | 83.59% | 48.2% | 50.08% | 57.83% |
| FCF Conversion (Net income) | 102.87% | 285.75% | 161.91% | - | 144.81% | 166.67% | 154.55% | 145.45% |
| Dividend per Share 2 | 0.0144 | 0.0173 | 0.0157 | 0.0120 | 0.0200 | 0.0146 | 0.0173 | 0.0183 |
| Announcement Date | 4/9/20 | 3/18/21 | 3/23/22 | 3/22/23 | 3/11/24 | - | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 57.19 | 53.91 | 72.48 | 61.51 | 60.56 | 60.63 | 78.96 | - | 65.16 | 65.63 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3.08 | -1.892 | 3.899 | -0.2795 | -7.444 | 2.249 | 6.144 | - | 3.879 | 5.925 |
| Operating Margin | 5.38% | -3.51% | 5.38% | -0.45% | -12.29% | 3.71% | 7.78% | - | 5.95% | 9.03% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 2.291 | -1.1 | 2.943 | -1.055 | -8.408 | 4.552 | 4.271 | 1.674 | 2.158 | 3.356 |
| Net margin | 4.01% | -2.04% | 4.06% | -1.71% | -13.88% | 7.51% | 5.41% | - | 3.31% | 5.11% |
| EPS | - | - | - | - | - | - | - | 0.005400 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 3/23/22 | 5/16/22 | 8/14/22 | 11/10/22 | 3/22/23 | 5/8/23 | 8/3/23 | 11/8/23 | 3/11/24 |
1KWD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | 53.5 | - | 64.2 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 2.108 x | - | 8.012 x | - | - | - | - |
| Free Cash Flow 1 | 5.8 | 31.2 | 13.7 | 2.81 | 16.6 | 15 | 17 | 16 |
| ROE (net income / shareholders' equity) | 5.34% | 11% | 7.63% | -1.84% | 10.8% | 7.5% | 8.4% | 8.4% |
| ROA (Net income/ Total Assets) | 2.36% | 4.6% | 3.24% | -0.73% | 4.14% | 3.1% | 3.5% | 3.5% |
| Assets 1 | 238.7 | 237.4 | 260.2 | 269.8 | 276.6 | 290.3 | 314.3 | 314.3 |
| Book Value Per Share 2 | 0.3300 | 0.3500 | 0.3600 | 0.3300 | 0.3500 | 0.4000 | 0.4200 | 0.4500 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 5.14 | 6.11 | 8.95 | 8.6 | 6.52 | 14.2 | 14.7 | 10.1 |
| Capex / Sales | 2.31% | 2.48% | 3.65% | 3.37% | 2.4% | 5% | 5% | 3.3% |
| Announcement Date | 4/9/20 | 3/18/21 | 3/23/22 | 3/22/23 | 3/11/24 | - | - | - |
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
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
0.744
KWD
Average target price
0.43
KWD
Spread / Average Target
-42.20%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +29.39% | 750M | |
| -4.93% | 266B | |
| -2.51% | 94.98B | |
| +3.19% | 46.39B | |
| +8.74% | 39.99B | |
| -0.65% | 39.95B | |
| -0.15% | 38.02B | |
| -16.78% | 30.16B | |
| -6.61% | 28.72B | |
| +11.32% | 24.54B |
- Stock Market
- Equities
- MEZZAN Stock
- Financials Mezzan Holding Company K.S.C.P.
