Financials Dubai National Insurance & Reinsurance Co.

Equities

DNIR

AED000101017

Multiline Insurance & Brokers

Market Closed - Dubai FM 06:43:03 2024-05-02 EDT 5-day change 1st Jan Change
4.5 AED -0.22% Intraday chart for Dubai National Insurance & Reinsurance Co. -8.16% -11.76%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 404.2 531.3 496.6 693 577.5 589
Enterprise Value (EV) 1 261.7 417.4 398.7 555.3 374.8 388.4
P/E ratio 7.68 x 9.15 x 9.02 x 12.3 x 13.1 x 12.5 x
Yield 21.4% 7.61% 6.98% 5% 2% 1.96%
Capitalization / Revenue 2.24 x 3 x 2.99 x 4.58 x 3.12 x 2.35 x
EV / Revenue 1.45 x 2.36 x 2.4 x 3.67 x 2.03 x 1.55 x
EV / EBITDA 4.77 x 6.93 x 6.96 x 9.49 x 10.5 x 9.17 x
EV / FCF -32.3 x -24.2 x 4.96 x -5.88 x 5.3 x -190 x
FCF Yield -3.09% -4.13% 20.2% -17% 18.9% -0.53%
Price to Book 0.75 x 0.93 x 0.98 x 1.02 x 0.85 x 0.82 x
Nbr of stocks (in thousands) 115,500 115,500 115,500 115,500 115,500 115,500
Reference price 2 3.500 4.600 4.300 6.000 5.000 5.100
Announcement Date 19-02-13 20-02-06 21-02-11 22-02-15 23-03-14 24-03-19
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 180.5 176.8 165.9 151.4 185.1 250.6
EBITDA 1 54.87 60.25 57.25 58.54 35.74 42.35
EBIT 1 52.66 58.06 55.07 56.4 35.5 41.68
Operating Margin 29.17% 32.83% 33.19% 37.27% 19.18% 16.63%
Earnings before Tax (EBT) 1 52.66 58.08 55.07 56.4 44.09 47.12
Net income 1 52.66 58.08 55.07 56.4 44.09 47.12
Net margin 29.17% 32.85% 33.19% 37.27% 23.82% 18.81%
EPS 2 0.4559 0.5029 0.4768 0.4883 0.3817 0.4080
Free Cash Flow 1 -8.092 -17.26 80.38 -94.46 70.71 -2.046
FCF margin -4.48% -9.76% 48.44% -62.41% 38.2% -0.82%
FCF Conversion (EBITDA) - - 140.4% - 197.84% -
FCF Conversion (Net income) - - 145.95% - 160.37% -
Dividend per Share 2 0.7500 0.3500 0.3000 0.3000 0.1000 0.1000
Announcement Date 19-02-13 20-02-06 21-02-11 22-02-15 23-03-14 24-03-19
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 143 114 97.9 138 203 201
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -8.09 -17.3 80.4 -94.5 70.7 -2.05
ROE (net income / shareholders' equity) 10.1% 10.5% 10.2% 9.51% 6.18% 6.69%
ROA (Net income/ Total Assets) 3.52% 3.51% 3.42% 3.51% 1.85% 2.68%
Assets 1 1,494 1,653 1,609 1,605 2,381 1,757
Book Value Per Share 2 4.680 4.930 4.390 5.880 5.870 6.260
Cash Flow per Share 2 1.230 0.9900 0.8500 1.190 1.750 1.740
Capex 1 0.21 0.43 0.34 0.26 4.69 3.29
Capex / Sales 0.11% 0.24% 0.21% 0.17% 2.53% 1.31%
Announcement Date 19-02-13 20-02-06 21-02-11 22-02-15 23-03-14 24-03-19
1AED in Million2AED
Estimates
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