TAIBA INVESTMENT COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 41.9 SAR | +0.96% |
|
+2.32% | +56.64% |
| Apr. 01 | Taiba Investment Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 27 | Taiba Investment Posts Fall in FY23 Net Profit; Revenue Rises | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,560 | 4,998 | 4,846 | 5,103 | 3,989 | 6,967 |
| Enterprise Value (EV) 1 | 4,184 | 4,620 | 4,726 | 4,707 | 4,164 | 8,616 |
| P/E ratio | 70.9 x | 28.3 x | 49.1 x | -43.5 x | 28.6 x | 41.1 x |
| Yield | 5.92% | 5.78% | 3.31% | - | - | - |
| Capitalization / Revenue | 10.7 x | 13.7 x | 22.8 x | 39.9 x | 12.1 x | 13 x |
| EV / Revenue | 9.81 x | 12.7 x | 22.2 x | 36.8 x | 12.6 x | 16.1 x |
| EV / EBITDA | 19.9 x | 26 x | 51.8 x | -69.5 x | 25.6 x | 26.9 x |
| EV / FCF | 18.7 x | 34.8 x | -225 x | 103 x | 268 x | 16.6 x |
| FCF Yield | 5.34% | 2.87% | -0.44% | 0.97% | 0.37% | 6.01% |
| Price to Book | 1.27 x | 1.36 x | 1.33 x | 1.42 x | 1.1 x | 1.06 x |
| Nbr of stocks (in thousands) | 150,000 | 160,457 | 160,457 | 160,457 | 160,457 | 260,457 |
| Reference price 2 | 30.40 | 31.15 | 30.20 | 31.80 | 24.86 | 26.75 |
| Announcement Date | 3/14/19 | 3/2/20 | 3/4/21 | 3/9/22 | 3/7/23 | 4/1/24 |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 426.6 | 363.8 | 212.4 | 127.9 | 329.7 | 535.5 |
| EBITDA 1 | 210.5 | 178 | 91.18 | -67.72 | 162.6 | 320.8 |
| EBIT 1 | 173.6 | 151.5 | 64.92 | -92.75 | 134 | 276.3 |
| Operating Margin | 40.69% | 41.64% | 30.56% | -72.54% | 40.65% | 51.6% |
| Earnings before Tax (EBT) 1 | 105.5 | 191.7 | 89.95 | -103.6 | 157.8 | 121.3 |
| Net income 1 | 64.35 | 171.9 | 98.77 | -117.3 | 139.6 | 109.8 |
| Net margin | 15.08% | 47.24% | 46.49% | -91.74% | 42.33% | 20.5% |
| EPS 2 | 0.4290 | 1.100 | 0.6156 | -0.7310 | 0.8698 | 0.6505 |
| Free Cash Flow 1 | 223.5 | 132.8 | -20.98 | 45.54 | 15.56 | 518.3 |
| FCF margin | 52.4% | 36.5% | -9.87% | 35.62% | 4.72% | 96.79% |
| FCF Conversion (EBITDA) | 106.2% | 74.6% | - | - | 9.57% | 161.58% |
| FCF Conversion (Net income) | 347.4% | 77.27% | - | - | 11.15% | 472.02% |
| Dividend per Share 2 | 1.800 | 1.800 | 1.000 | - | - | - |
| Announcement Date | 3/14/19 | 3/2/20 | 3/4/21 | 3/9/22 | 3/7/23 | 4/1/24 |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 33.4 | 52.62 | 81.17 | 90.87 | 103.9 | 111 | 131.1 | 118.4 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -42.33 | 18.79 | 36.59 | 36.24 | 41.22 | 58.79 | 70.85 | 62.79 |
| Operating Margin | - | -126.71% | 35.71% | 45.08% | 39.89% | 39.66% | 52.98% | 54.03% | 53.01% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | -38.38 | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | -0.2400 | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/16/21 | 3/9/22 | 5/23/22 | 8/22/22 | 11/13/22 | 3/7/23 | 5/21/23 | 8/14/23 | 11/9/23 |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 175 | 1,649 |
| Net Cash position 1 | 376 | 378 | 120 | 396 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 1.077 x | 5.142 x |
| Free Cash Flow 1 | 224 | 133 | -21 | 45.5 | 15.6 | 518 |
| ROE (net income / shareholders' equity) | 1.97% | 4.52% | 2.36% | -3.38% | 4.15% | 2.16% |
| ROA (Net income/ Total Assets) | 2.58% | 2.29% | 1.01% | -1.47% | 2.02% | 2.49% |
| Assets 1 | 2,498 | 7,495 | 9,751 | 7,958 | 6,902 | 4,409 |
| Book Value Per Share 2 | 24.00 | 22.90 | 22.80 | 22.50 | 22.60 | 25.20 |
| Cash Flow per Share 2 | 2.540 | 2.360 | 0.7700 | 2.510 | 1.170 | 1.490 |
| Capex 1 | 9.17 | 8.36 | 2.88 | -7.68 | 17.7 | 0 |
| Capex / Sales | 2.15% | 2.3% | 1.35% | -6.01% | 5.36% | 0% |
| Announcement Date | 3/14/19 | 3/2/20 | 3/4/21 | 3/9/22 | 3/7/23 | 4/1/24 |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +56.64% | 2.91B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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