Financials Orient Insurance

Equities

ORIENT

AEA002601010

Property & Casualty Insurance

Market Closed - Dubai FM 06:00:20 2018-10-24 am EDT 5-day change 1st Jan Change
66.3 AED -.--% Intraday chart for Orient Insurance -.--% -49.98%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 662.8 662.8 662.8 662.8 662.8 662.8
Enterprise Value (EV) 1 430 358.3 300.5 -89.11 262.9 179.5
P/E ratio 1.68 x 1.6 x 1.6 x 1.45 x 1.3 x 1.07 x
Yield 15.1% 15.1% 30.2% 37.7% 45.3% 45.3%
Capitalization / Revenue 0.43 x 0.42 x 0.42 x 0.36 x 0.33 x 0.1 x
EV / Revenue 0.28 x 0.22 x 0.19 x -0.05 x 0.13 x 0.03 x
EV / EBITDA 1.04 x 0.82 x 0.67 x -0.18 x 0.48 x 0.27 x
EV / FCF 2.37 x 2.19 x 1.59 x -0.26 x 1.51 x -0.7 x
FCF Yield 42.2% 45.7% 63% -391% 66.2% -143%
Price to Book 0.24 x 0.22 x 0.2 x 0.18 x 0.17 x 0.15 x
Nbr of stocks (in thousands) 5,000 5,000 5,000 5,000 5,000 5,000
Reference price 2 132.6 132.6 132.6 132.6 132.6 132.6
Announcement Date 2/4/19 2/11/20 2/15/21 2/9/22 2/28/23 3/8/24
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,535 1,593 1,591 1,846 2,016 6,739
EBITDA 1 411.7 436.6 449.9 482.5 542.8 668.3
EBIT 1 404.7 432.1 443.4 473.8 535.9 660.9
Operating Margin 26.36% 27.12% 27.87% 25.66% 26.59% 9.81%
Earnings before Tax (EBT) 1 404.7 432.1 443.4 492.1 535.9 660.9
Net income 1 393.4 413.3 414.2 458 510.6 619.2
Net margin 25.63% 25.94% 26.04% 24.81% 25.33% 9.19%
EPS 2 78.68 82.66 82.85 91.60 102.1 123.8
Free Cash Flow 1 181.6 163.9 189.5 348.4 174 -256
FCF margin 11.83% 10.29% 11.91% 18.87% 8.63% -3.8%
FCF Conversion (EBITDA) 44.1% 37.54% 42.12% 72.2% 32.05% -
FCF Conversion (Net income) 46.16% 39.66% 45.74% 76.07% 34.07% -
Dividend per Share 2 20.00 20.00 40.00 50.00 60.00 60.00
Announcement Date 2/4/19 2/11/20 2/15/21 2/9/22 2/28/23 3/8/24
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 233 304 362 752 400 483
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 182 164 189 348 174 -256
ROE (net income / shareholders' equity) 15.1% 14.4% 13.2% 13.2% 13.4% 15.5%
ROA (Net income/ Total Assets) 3.68% 3.65% 3.34% 3.05% 3.01% 3.75%
Assets 1 10,694 11,327 12,408 15,016 16,987 16,528
Book Value Per Share 2 552.0 615.0 672.0 745.0 791.0 858.0
Cash Flow per Share 2 46.50 62.90 73.30 152.0 80.90 97.50
Capex 1 2.65 2.23 3.73 6.25 4.49 15.1
Capex / Sales 0.17% 0.14% 0.23% 0.34% 0.22% 0.22%
Announcement Date 2/4/19 2/11/20 2/15/21 2/9/22 2/28/23 3/8/24
1AED in Million2AED
Estimates
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