Financials National Marine Dredging Company

Equities

NMDC

AEN000401010

Construction & Engineering

Market Closed - Abu Dhabi Securities Exchange 06:55:00 2024-04-30 am EDT 5-day change 1st Jan Change
26.66 AED -0.15% Intraday chart for National Marine Dredging Company +1.21% -10.54%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 10,758 20,196 24,585 21,994 -
Enterprise Value (EV) 1 11,909 20,196 24,585 20,060 18,320
P/E ratio 10.3 x 15.5 x 11.4 x 9.04 x 9.1 x
Yield - - - 2.22% 5.5%
Capitalization / Revenue 1.36 x - 1.47 x 1.04 x 1.07 x
EV / Revenue 1.51 x - 1.47 x 0.95 x 0.89 x
EV / EBITDA 9.15 x - - 7.31 x 6.71 x
EV / FCF 8.29 x - - 29.2 x 10.4 x
FCF Yield 12.1% - - 3.42% 9.63%
Price to Book 0.8 x - - 1.98 x 1.67 x
Nbr of stocks (in thousands) 825,000 825,000 825,000 825,000 -
Reference price 2 13.04 24.48 29.80 26.66 26.66
Announcement Date 2/1/22 2/2/23 2/12/24 - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025
Net sales 1 7,889 - 16,708 21,088 20,629
EBITDA 1 1,301 - - 2,746 2,730
EBIT 1 862.5 - 1,896 2,217 2,162
Operating Margin 10.93% - 11.35% 10.51% 10.48%
Earnings before Tax (EBT) 1 1,000 - 2,188 2,513 2,494
Net income 1 1,002 1,303 2,154 2,437 2,419
Net margin 12.71% - 12.89% 11.56% 11.73%
EPS 2 1.260 1.580 2.610 2.950 2.930
Free Cash Flow 1 1,436 - - 686 1,764
FCF margin 18.2% - - 3.25% 8.55%
FCF Conversion (EBITDA) 110.35% - - 24.98% 64.62%
FCF Conversion (Net income) 143.23% - - 28.15% 72.92%
Dividend per Share 2 - - - 0.5910 1.466
Announcement Date 2/1/22 2/2/23 2/12/24 - -
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025
Net Debt 1 1,151 - - - -
Net Cash position 1 - - - 1,934 3,674
Leverage (Debt/EBITDA) 0.8844 x - - - -
Free Cash Flow 1 1,436 - - 686 1,764
ROE (net income / shareholders' equity) 9.87% - - 24.8% 20%
ROA (Net income/ Total Assets) - - - - -
Assets 1 - - - - -
Book Value Per Share 2 16.20 - - 13.40 15.90
Cash Flow per Share - - - - -
Capex 1 179 - - 1,265 928
Capex / Sales 2.26% - - 6% 4.5%
Announcement Date 2/1/22 2/2/23 2/12/24 - -
1AED in Million2AED
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
26.66 AED
Average target price
27 AED
Spread / Average Target
+1.28%
Consensus

Annual profits - Rate of surprise

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