Financials Noor Financial Investment Company - KPSC

Equities

NOOR

KW0EQ0202048

Diversified Investment Services

End-of-day quote Kuwait S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
0.232 KWD +2.20% Intraday chart for Noor Financial Investment Company - KPSC 0.00% +2.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 30.76 47.89 67.14 129.8 90.13 115.1
Enterprise Value (EV) 1 62.97 61.14 73.94 128.2 85.43 99.87
P/E ratio 1.24 x 5.88 x 5.66 x 7.31 x 4.55 x 3.11 x
Yield 6.5% 5.04% 3.53% 1.89% 2.82% 3.54%
Capitalization / Revenue 0.96 x 1.54 x 2.29 x 3.71 x 2.31 x 2.01 x
EV / Revenue 1.96 x 1.96 x 2.52 x 3.66 x 2.19 x 1.74 x
EV / EBITDA 4.35 x 4.03 x 5.33 x 6.7 x 3.91 x 2.36 x
EV / FCF 7.03 x 6.08 x 6.04 x 10.6 x 8.14 x 2.9 x
FCF Yield 14.2% 16.5% 16.6% 9.43% 12.3% 34.5%
Price to Book 0.56 x 0.73 x 1 x 1.52 x 1.05 x 1.02 x
Nbr of stocks (in thousands) 500,062 503,041 493,706 510,371 509,223 509,223
Reference price 2 0.0615 0.0952 0.1360 0.2544 0.1770 0.2260
Announcement Date 3/13/19 3/8/20 2/19/21 2/22/22 3/6/23 3/3/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 32.13 31.14 29.37 34.97 39.05 57.33
EBITDA 1 14.48 15.17 13.87 19.14 21.88 42.39
EBIT 1 13.92 14.55 13.26 18.72 21.5 41.91
Operating Margin 43.32% 46.73% 45.15% 53.52% 55.06% 73.1%
Earnings before Tax (EBT) 1 23.8 10.38 12.25 17.93 20.33 37.96
Net income 1 24.83 8.077 11.86 17.34 19.82 37.01
Net margin 77.3% 25.94% 40.37% 49.57% 50.76% 64.56%
EPS 2 0.0496 0.0162 0.0240 0.0348 0.0389 0.0727
Free Cash Flow 1 8.962 10.06 12.24 12.09 10.5 34.47
FCF margin 27.89% 32.31% 41.68% 34.57% 26.88% 60.13%
FCF Conversion (EBITDA) 61.88% 66.33% 88.27% 63.18% 47.98% 81.32%
FCF Conversion (Net income) 36.08% 124.58% 103.25% 69.74% 52.95% 93.14%
Dividend per Share 2 0.004000 0.004800 0.004800 0.004800 0.005000 0.008000
Announcement Date 3/13/19 3/8/20 2/19/21 2/22/22 3/6/23 3/3/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 32.2 13.2 6.79 - - -
Net Cash position 1 - - - 1.66 4.7 15.2
Leverage (Debt/EBITDA) 2.224 x 0.8731 x 0.4899 x - - -
Free Cash Flow 1 8.96 10.1 12.2 12.1 10.5 34.5
ROE (net income / shareholders' equity) 36.1% 14.7% 16.7% 22% 22.6% 36.6%
ROA (Net income/ Total Assets) 5.75% 7.59% 7.69% 10.4% 11.6% 20.2%
Assets 1 431.7 106.4 154.1 166.8 171.4 183.6
Book Value Per Share 2 0.1100 0.1300 0.1400 0.1700 0.1700 0.2200
Cash Flow per Share 2 0.0100 0.0100 0.0200 0.0300 0.0300 0.0400
Capex 1 0.07 - - 0.01 0.1 0.06
Capex / Sales 0.22% - - 0.04% 0.25% 0.1%
Announcement Date 3/13/19 3/8/20 2/19/21 2/22/22 3/6/23 3/3/24
1KWD in Million2KWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. NOOR Stock
  4. Financials Noor Financial Investment Company - KPSC