MULKIA GULF REAL ESTATE REIT |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.61 SAR | 0.00% |
|
-3.28% | -7.27% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 487.8 | 591 | 616.4 | 670.9 | 527.8 | 627.8 |
| Enterprise Value (EV) 1 | 610.8 | 779.4 | 947.1 | 996 | 1,084 | 1,090 |
| P/E ratio | 28.2 x | 20.7 x | 33.8 x | 22 x | -4,981 x | -53.2 x |
| Yield | - | - | 3.31% | - | - | 7.11% |
| Capitalization / Revenue | 8.71 x | 10 x | 8.87 x | 8.77 x | 5.5 x | 5.47 x |
| EV / Revenue | 10.9 x | 13.2 x | 13.6 x | 13 x | 11.3 x | 9.5 x |
| EV / EBITDA | 13 x | 15.9 x | 19.1 x | 18.2 x | 21.2 x | 20.1 x |
| EV / FCF | 29 x | 32.9 x | 129 x | 34.2 x | 6.93 x | -11.7 x |
| FCF Yield | 3.45% | 3.04% | 0.77% | 2.92% | 14.4% | -8.52% |
| Price to Book | 0.83 x | 1.03 x | 0.96 x | 1.05 x | 0.88 x | 0.79 x |
| Nbr of stocks (in thousands) | 60,000 | 60,000 | 68,109 | 68,109 | 68,109 | 103,766 |
| Reference price 2 | 8.130 | 9.850 | 9.050 | 9.850 | 7.750 | 6.050 |
| Announcement Date | 3/28/19 | 4/6/20 | 3/10/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 55.99 | 59.01 | 69.45 | 76.52 | 96.01 | 114.8 |
| EBITDA 1 | 46.84 | 48.92 | 49.52 | 54.72 | 51.01 | 54.26 |
| EBIT 1 | 39.3 | 40.56 | 37.76 | 42.5 | 33.04 | 35.56 |
| Operating Margin | 70.18% | 68.74% | 54.36% | 55.53% | 34.41% | 30.99% |
| Earnings before Tax (EBT) 1 | 17.27 | 28.55 | 18.24 | 31.95 | 1.002 | -11.4 |
| Net income 1 | 17.27 | 28.55 | 18.24 | 30.53 | -0.106 | -11.81 |
| Net margin | 30.85% | 48.37% | 26.26% | 39.89% | -0.11% | -10.29% |
| EPS 2 | 0.2879 | 0.4758 | 0.2678 | 0.4482 | -0.001556 | -0.1138 |
| Free Cash Flow 1 | 21.1 | 23.72 | 7.321 | 29.1 | 156.4 | -92.88 |
| FCF margin | 37.68% | 40.2% | 10.54% | 38.03% | 162.94% | -80.93% |
| FCF Conversion (EBITDA) | 45.04% | 48.49% | 14.79% | 53.18% | 306.67% | - |
| FCF Conversion (Net income) | 122.15% | 83.1% | 40.14% | 95.32% | - | - |
| Dividend per Share | - | - | 0.3000 | - | - | 0.4300 |
| Announcement Date | 3/28/19 | 4/6/20 | 3/10/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 123 | 188 | 331 | 325 | 556 | 462 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.627 x | 3.85 x | 6.679 x | 5.943 x | 10.9 x | 8.52 x |
| Free Cash Flow 1 | 21.1 | 23.7 | 7.32 | 29.1 | 156 | -92.9 |
| ROE (net income / shareholders' equity) | 2.9% | 4.92% | 3% | 4.77% | -0.02% | -1.7% |
| ROA (Net income/ Total Assets) | 3.57% | 3.11% | 2.2% | 2.33% | 1.75% | 1.67% |
| Assets 1 | 483.8 | 917.5 | 828.6 | 1,311 | -6.047 | -705.4 |
| Book Value Per Share 2 | 9.770 | 9.560 | 9.420 | 9.380 | 8.810 | 7.620 |
| Cash Flow per Share 2 | 0.4300 | 1.160 | 3.980 | 0.2500 | 0.3000 | 0.1400 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 3/28/19 | 4/6/20 | 3/10/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -7.27% | 155M | |
| +3.91% | 694M | |
| -6.53% | 611M | |
| -14.33% | 572M | |
| -3.88% | 412M | |
| -11.95% | 396M | |
| -22.91% | 313M | |
| -11.16% | 296M | |
| +0.32% | 232M | |
| +4.84% | 233M |
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