Financials Privatization Holding Company - K.P.S.C.

Equities

KPPC

KW0EQ0601702

Investment Holding Companies

End-of-day quote Kuwait S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
0.038 KWD -2.31% Intraday chart for Privatization Holding Company - K.P.S.C. +14.46% +31.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 32.02 30.2 24.46 33.43 21.96 17.69
Enterprise Value (EV) 1 49.99 51.4 46.47 55.74 42.69 39.09
P/E ratio -7.99 x -44.6 x -6.52 x -13.7 x -3.49 x -1.45 x
Yield - - - - - -
Capitalization / Revenue 2.92 x 1.85 x 2.78 x 3.95 x 2.97 x 4.78 x
EV / Revenue 4.57 x 3.14 x 5.28 x 6.59 x 5.77 x 10.6 x
EV / EBITDA -249,974 x 14.2 x -19.4 x -30.6 x -15 x -6.53 x
EV / FCF -8.78 x 82.8 x -342 x 14.8 x 10.5 x 8.66 x
FCF Yield -11.4% 1.21% -0.29% 6.74% 9.56% 11.5%
Price to Book 0.37 x 0.36 x 0.32 x 0.45 x 0.32 x 0.33 x
Nbr of stocks (in thousands) 610,000 610,000 610,000 610,000 610,000 610,000
Reference price 2 0.0525 0.0495 0.0401 0.0548 0.0360 0.0290
Announcement Date 3/31/19 4/8/20 3/30/21 3/22/22 3/30/23 3/31/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10.95 16.35 8.799 8.458 7.395 3.698
EBITDA 1 -0.0002 3.619 -2.394 -1.821 -2.843 -5.988
EBIT 1 -0.5567 2.24 -2.825 -2.258 -3.242 -6.436
Operating Margin -5.08% 13.7% -32.11% -26.7% -43.84% -174.07%
Earnings before Tax (EBT) 1 -3.976 -0.6133 -4.187 -3.669 -7.371 -13.42
Net income 1 -4.01 -0.6765 -3.751 -2.432 -6.288 -12.21
Net margin -36.62% -4.14% -42.63% -28.76% -85.03% -330.28%
EPS 2 -0.006574 -0.001109 -0.006148 -0.003987 -0.0103 -0.0200
Free Cash Flow 1 -5.696 0.6206 -0.1358 3.755 4.08 4.515
FCF margin -52.02% 3.8% -1.54% 44.39% 55.17% 122.11%
FCF Conversion (EBITDA) - 17.15% - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/31/19 4/8/20 3/30/21 3/22/22 3/30/23 3/31/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 18 21.2 22 22.3 20.7 21.4
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -89,849 x 5.858 x -9.193 x -12.25 x -7.291 x -3.575 x
Free Cash Flow 1 -5.7 0.62 -0.14 3.75 4.08 4.52
ROE (net income / shareholders' equity) -4.25% -0.71% -5.19% -4.88% -10.6% -23.2%
ROA (Net income/ Total Assets) -0.24% 1.08% -1.41% -1.15% -1.7% -3.63%
Assets 1 1,648 -62.93 265.8 210.7 370.5 336.3
Book Value Per Share 2 0.1400 0.1400 0.1300 0.1200 0.1100 0.0900
Cash Flow per Share 2 0.0100 0 0 0 0 0
Capex 1 0.87 0.19 0.4 0.15 0.15 0.36
Capex / Sales 7.9% 1.16% 4.51% 1.76% 2.07% 9.85%
Announcement Date 3/31/19 4/8/20 3/30/21 3/22/22 3/30/23 3/31/24
1KWD in Million2KWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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