Financials Tijara & Real Estate Investment Company K.S.C.P.

Equities

TIJARA

KW0EQ0401921

Real Estate Development & Operations

End-of-day quote Kuwait S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
0.0571 KWD +2.15% Intraday chart for Tijara & Real Estate Investment Company K.S.C.P. -4.99% -2.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18.13 18.5 15.54 22.61 19.8 21.57
Enterprise Value (EV) 1 48.19 48.1 44.85 50.28 45.55 49.7
P/E ratio 19 x 13.2 x 286 x 15.3 x 9.28 x 11.8 x
Yield 4.08% 4% - 4.91% 7.48% 6.86%
Capitalization / Revenue 4.5 x 4.39 x 4.21 x 5.55 x 6.35 x 5.44 x
EV / Revenue 12 x 11.4 x 12.2 x 12.3 x 14.6 x 12.5 x
EV / EBITDA 18.5 x 21 x 34.3 x 21.6 x 27.4 x 19.8 x
EV / FCF 84.1 x 20.2 x 58.6 x 43 x 54.4 x 125 x
FCF Yield 1.19% 4.94% 1.71% 2.33% 1.84% 0.8%
Price to Book 0.47 x 0.47 x 0.4 x 0.56 x 0.48 x 0.52 x
Nbr of stocks (in thousands) 370,000 370,000 370,000 370,000 370,000 370,000
Reference price 2 0.0490 0.0500 0.0420 0.0611 0.0535 0.0583
Announcement Date 3/26/19 2/12/20 3/10/21 2/21/22 2/8/23 2/19/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4.027 4.213 3.69 4.076 3.117 3.968
EBITDA 1 2.608 2.292 1.308 2.325 1.663 2.511
EBIT 1 2.594 2.281 1.297 2.314 1.652 2.496
Operating Margin 64.43% 54.15% 35.15% 56.77% 53.01% 62.91%
Earnings before Tax (EBT) 1 0.9638 1.428 0.0693 1.499 2.158 1.853
Net income 1 0.9538 1.407 0.0547 1.479 2.133 1.836
Net margin 23.69% 33.39% 1.48% 36.27% 68.43% 46.26%
EPS 2 0.002577 0.003801 0.000147 0.003996 0.005764 0.004960
Free Cash Flow 1 0.5729 2.377 0.7652 1.17 0.8376 0.3961
FCF margin 14.23% 56.41% 20.74% 28.69% 26.87% 9.98%
FCF Conversion (EBITDA) 21.96% 103.69% 58.49% 50.31% 50.37% 15.77%
FCF Conversion (Net income) 60.06% 168.97% 1,397.96% 79.1% 39.27% 21.58%
Dividend per Share 2 0.002000 0.002000 - 0.003000 0.004000 0.004000
Announcement Date 3/26/19 2/12/20 3/10/21 2/21/22 2/8/23 2/19/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 30.1 29.6 29.3 27.7 25.8 28.1
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11.53 x 12.91 x 22.41 x 11.9 x 15.49 x 11.2 x
Free Cash Flow 1 0.57 2.38 0.77 1.17 0.84 0.4
ROE (net income / shareholders' equity) 2.46% 3.6% 0.14% 3.75% 5.23% 4.42%
ROA (Net income/ Total Assets) 2.3% 1.96% 1.1% 1.95% 1.38% 2.07%
Assets 1 41.53 71.77 4.981 75.74 154.5 88.69
Book Value Per Share 2 0.1000 0.1100 0.1000 0.1100 0.1100 0.1100
Cash Flow per Share 2 0 0.0100 0.0100 0.0100 0.0200 0.0100
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/26/19 2/12/20 3/10/21 2/21/22 2/8/23 2/19/24
1KWD in Million2KWD
Estimates
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