Company Valuation: Apex Investment

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 394.9 3,371 12,436 7,000 14,959 12,863
Change - 753.5% 268.93% -43.71% 113.71% -14.01%
Enterprise Value (EV) 1 390.3 3,348 11,711 5,947 13,754 11,846
Change - 757.88% 249.78% -49.22% 131.27% -13.88%
P/E -7.69x 1,131x 57.2x -120x 198x 339x
PBR 0.82x 5.31x 6.07x 3.6x 7.45x 6.29x
PEG - -11x 0x 1x -1x -6.8x
Capitalization / Revenue 2.58x 20.2x 15.2x 9.68x 17.5x 14.9x
EV / Revenue 2.55x 20.1x 14.3x 8.22x 16.1x 13.7x
EV / EBITDA -17.2x -881x 64.9x 53.1x 92.8x 84.4x
EV / EBIT -10.3x -178x 74.4x 74.5x 124x 119x
EV / FCF 4.45x -118x -19.3x 13.6x 97.2x 78.8x
FCF Yield 22.5% -0.85% -5.19% 7.35% 1.03% 1.27%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.102 0.005924 0.0612 -0.0164 0.0213 0.0107
Distribution rate - - - - - -
Net sales 1 153.1 166.7 820.3 723.5 852.9 865.2
EBITDA 1 -22.64 -3.799 180.4 112 148.2 140.3
EBIT 1 -37.82 -18.79 157.4 79.84 110.9 99.51
Net income 1 -51.33 2.981 187.2 -58.43 75.64 38
Net Debt 1 -4.671 -22.77 -725.1 -1,053 -1,205 -1,017
Reference price 2 0.785 6.700 3.500 1.970 4.210 3.620
Nbr of stocks (in thousands) 503,118 503,118 3,553,195 3,553,195 3,553,195 3,553,195
Announcement Date 3/17/21 1/31/22 1/27/23 1/24/24 1/29/25 1/28/26
1AED in Million2AED
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.43B
14.23x1.71x8.29x1.92% 54.35B
17.68x2.44x9.66x2.91% 42.94B
32.51x5.82x17.25x0.72% 34.03B
32.09x3.33x17.07x0.96% 32.72B
27.22x4.31x14.43x0.86% 31.61B
11.6x1.39x6.48x2.66% 28.77B
20.21x6.3x12.42x2.15% 23.3B
67.76x4.24x65.59x0.34% 20.87B
15.02x1.89x7.62x1.45% 20.04B
Average 26.48x 3.49x 17.64x 1.55% 29.21B
Weighted average by Cap. 24.49x 3.31x 15.46x 1.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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