ARABIAN DRILLING COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 131.6 SAR | -1.20% |
|
-2.37% | -31.10% |
| 07-04 | HSBC Cuts Arabian Drilling PT, Affirms Hold Rating | MT |
| 06-04 | Arabian Drilling Decides Against Extension of Third Rig Contract with Saudi Aramco | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 10,021 | 16,999 | 11,712 | - | - |
| Enterprise Value (EV) 1 | 10,021 | 18,753 | 14,424 | 14,256 | 14,233 |
| P/E ratio | 16.4 x | 28.1 x | 20.7 x | 14.1 x | 13.3 x |
| Yield | - | 2.65% | 3.77% | 4.7% | 5.19% |
| Capitalization / Revenue | 3.71 x | 4.89 x | 3.02 x | 2.67 x | 2.5 x |
| EV / Revenue | 3.71 x | 5.39 x | 3.72 x | 3.25 x | 3.04 x |
| EV / EBITDA | 8.76 x | 12.6 x | 8.86 x | 7.57 x | 7.18 x |
| EV / FCF | - | -35.8 x | -21 x | 16.5 x | 14.2 x |
| FCF Yield | - | -2.79% | -4.75% | 6.06% | 7.02% |
| Price to Book | - | 2.85 x | 1.93 x | 1.8 x | 1.76 x |
| Nbr of stocks (in thousands) | 89,000 | 89,000 | 89,000 | - | - |
| Reference price 2 | 112.6 | 191.0 | 131.6 | 131.6 | 131.6 |
| Announcement Date | 3/19/23 | 3/18/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,199 | 2,704 | 3,477 | 3,882 | 4,388 | 4,689 |
| EBITDA 1 | - | 1,144 | 1,485 | 1,628 | 1,882 | 1,981 |
| EBIT 1 | - | 619.1 | 801 | 857.9 | 1,076 | 1,135 |
| Operating Margin | - | 22.9% | 23.04% | 22.1% | 24.52% | 24.2% |
| Earnings before Tax (EBT) 1 | - | 552.3 | 687.9 | 635 | 985.3 | 1,028 |
| Net income 1 | 273.6 | 557.7 | 605 | 557 | 861.5 | 898.7 |
| Net margin | 12.44% | 20.63% | 17.4% | 14.35% | 19.63% | 19.17% |
| EPS 2 | - | 6.850 | 6.790 | 6.364 | 9.342 | 9.888 |
| Free Cash Flow 1 | - | - | -524 | -685.3 | 863.7 | 999.4 |
| FCF margin | - | - | -15.07% | -17.65% | 19.68% | 21.32% |
| FCF Conversion (EBITDA) | - | - | - | - | 45.88% | 50.45% |
| FCF Conversion (Net income) | - | - | - | - | 100.26% | 111.2% |
| Dividend per Share 2 | - | - | 5.060 | 4.964 | 6.179 | 6.828 |
| Announcement Date | 9/19/22 | 3/19/23 | 3/18/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 750.3 | 779.3 | 790.6 | 919.6 | 987 | 967 | 975.9 | 1,002 | 973.7 |
| EBITDA 1 | 307.9 | 323.1 | 335 | - | 435 | - | 436.4 | 436.8 | 445.4 |
| EBIT 1 | 168.4 | 172.5 | 179.6 | 205.8 | 243 | 214 | 233.4 | 248.8 | 287.2 |
| Operating Margin | 22.45% | 22.14% | 22.72% | 22.38% | 24.62% | 22.13% | 23.91% | 24.83% | 29.5% |
| Earnings before Tax (EBT) 1 | - | - | - | - | 197.9 | 168.1 | 213.5 | 198.9 | 207.8 |
| Net income 1 | 136.7 | 141.5 | 139.3 | 167.8 | 183 | 146 | 128 | - | - |
| Net margin | 18.22% | 18.16% | 17.62% | 18.25% | 18.54% | 15.1% | 13.12% | - | - |
| EPS 2 | - | - | - | - | 2.050 | 1.640 | 2.063 | 1.911 | 2.000 |
| Dividend per Share 2 | - | - | - | - | - | - | 2.538 | - | 3.273 |
| Announcement Date | 3/19/23 | 5/14/23 | 8/2/23 | 11/5/23 | 3/18/24 | 5/13/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,754 | 2,712 | 2,544 | 2,521 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.181 x | 1.666 x | 1.351 x | 1.272 x |
| Free Cash Flow 1 | - | - | -524 | -685 | 864 | 999 |
| ROE (net income / shareholders' equity) | - | - | 10.5% | 9.21% | 12.4% | 12.6% |
| ROA (Net income/ Total Assets) | - | - | 5.97% | 5.17% | 6.46% | 7.2% |
| Assets 1 | - | - | 10,127 | 10,769 | 13,329 | 12,475 |
| Book Value Per Share 2 | - | - | 67.00 | 68.20 | 72.90 | 74.70 |
| Cash Flow per Share 2 | - | 15.30 | 15.30 | 15.20 | 15.40 | 17.80 |
| Capex 1 | - | - | 1,884 | 2,005 | 941 | 1,081 |
| Capex / Sales | - | - | 54.18% | 51.65% | 21.45% | 23.05% |
| Announcement Date | 9/19/22 | 3/19/23 | 3/18/24 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
131.6
SAR
Average target price
159.7
SAR
Spread / Average Target
+21.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -31.10% | 3.12B | |
| +15.87% | 20.13B | |
| -8.02% | 8.33B | |
| -7.66% | 6.29B | |
| -17.50% | 5.78B | |
| +6.59% | 5.29B | |
| -19.69% | 4.62B | |
| -8.24% | 3.98B | |
| +7.22% | 3.61B | |
| -2.40% | 3.49B |
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