ABU DHABI SHIP BUILDING |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.99 AED | -1.72% |
|
-1.97% | -2.68% |
| 04-26 | Abu Dhabi Ship Building PJSC Approves Distribution of Cash Dividends for the Year Ended 31 December 2023 | CI |
| 04-26 | Abu Dhabi Ship Building to Remain Suspended from Trading | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 233.2 | 381.6 | 493.9 | 848 | 869.2 | 869.2 |
| Enterprise Value (EV) 1 | 566.8 | 798.6 | 758.6 | 71.66 | 605.9 | 132 |
| P/E ratio | -1.86 x | -101 x | -22.8 x | 76.9 x | 42.5 x | 21.5 x |
| Yield | - | - | - | 0.5% | 1.46% | 2.44% |
| Capitalization / Revenue | 0.51 x | 1.19 x | 1.94 x | 3.33 x | 1.32 x | 0.69 x |
| EV / Revenue | 1.25 x | 2.5 x | 2.98 x | 0.28 x | 0.92 x | 0.1 x |
| EV / EBITDA | 24.2 x | 33.3 x | -37.4 x | -17.7 x | 17.9 x | 2.92 x |
| EV / FCF | -28.4 x | -14.5 x | 5.38 x | 0.62 x | -5.3 x | 0.29 x |
| FCF Yield | -3.52% | -6.88% | 18.6% | 162% | -18.9% | 339% |
| Price to Book | 1.04 x | 1.58 x | 2.25 x | 3.68 x | 3.53 x | 3.17 x |
| Nbr of stocks (in thousands) | 211,992 | 211,992 | 211,992 | 211,992 | 211,992 | 211,992 |
| Reference price 2 | 1.100 | 1.800 | 2.330 | 4.000 | 4.100 | 4.100 |
| Announcement Date | 19-03-21 | 20-03-30 | 21-03-29 | 22-03-28 | 23-03-20 | 24-03-25 |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 453.5 | 319.7 | 254.8 | 254.3 | 660.2 | 1,258 |
| EBITDA 1 | 23.44 | 23.99 | -20.28 | -4.048 | 33.94 | 45.17 |
| EBIT 1 | -7.183 | -2.031 | -41.69 | -21.83 | 19.25 | 29.91 |
| Operating Margin | -1.58% | -0.64% | -16.36% | -8.58% | 2.92% | 2.38% |
| Earnings before Tax (EBT) 1 | -125.1 | -3.793 | -21.69 | 11.03 | 20.46 | 40.38 |
| Net income 1 | -125.1 | -3.793 | -21.69 | 11.03 | 20.46 | 40.38 |
| Net margin | -27.6% | -1.19% | -8.51% | 4.34% | 3.1% | 3.21% |
| EPS 2 | -0.5903 | -0.0179 | -0.1023 | 0.0520 | 0.0965 | 0.1905 |
| Free Cash Flow 1 | -19.93 | -54.93 | 141.1 | 115.8 | -114.4 | 447.9 |
| FCF margin | -4.39% | -17.18% | 55.38% | 45.55% | -17.32% | 35.61% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 991.5% |
| FCF Conversion (Net income) | - | - | - | 1,050.06% | - | 1,109.12% |
| Dividend per Share | - | - | - | 0.0200 | 0.0600 | 0.1000 |
| Announcement Date | 19-03-21 | 20-03-30 | 21-03-29 | 22-03-28 | 23-03-20 | 24-03-25 |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 334 | 417 | 265 | - | - | - |
| Net Cash position 1 | - | - | - | 776 | 263 | 737 |
| Leverage (Debt/EBITDA) | 14.23 x | 17.38 x | -13.05 x | - | - | - |
| Free Cash Flow 1 | -19.9 | -54.9 | 141 | 116 | -114 | 448 |
| ROE (net income / shareholders' equity) | -34.5% | -1.6% | -9.43% | 4.91% | 8.58% | 15.5% |
| ROA (Net income/ Total Assets) | -0.43% | -0.13% | -2.89% | -1.16% | 0.8% | 0.9% |
| Assets 1 | 29,247 | 2,863 | 750.1 | -952.1 | 2,570 | 4,496 |
| Book Value Per Share 2 | 1.050 | 1.140 | 1.030 | 1.090 | 1.160 | 1.290 |
| Cash Flow per Share 2 | 0.0200 | 0.0200 | 0.0900 | 4.230 | 1.460 | 3.520 |
| Capex 1 | 16.4 | 2.06 | 3.22 | 1.73 | 6.72 | 23.9 |
| Capex / Sales | 3.61% | 0.64% | 1.26% | 0.68% | 1.02% | 1.9% |
| Announcement Date | 19-03-21 | 20-03-30 | 21-03-29 | 22-03-28 | 23-03-20 | 24-03-25 |
1AED in Million2AED
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.68% | 233M | |
| +27.17% | 23.11B | |
| +19.61% | 15.54B | |
| +29.48% | 7.23B | |
| +6.70% | 6.63B | |
| +27.10% | 6.11B | |
| +16.78% | 5.04B | |
| -24.58% | 4.46B | |
| +99.72% | 4.27B | |
| +4.41% | 3.72B |
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