Financials Islamic Arab Insurance Co. (Salama)
Equities
SALAMA
AEI000301012
Multiline Insurance & Brokers
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.395 AED | 0.00% | +3.95% | -28.18% |
04-01 | Salama Swings to Loss in FY23; Revenue Up | MT |
03-31 | Islamic Arab Insurance Co. PJSC Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Capitalization 1 | 533.6 | 713 | 1,005 | 904.3 | 631 | 507.5 |
Enterprise Value (EV) 1 | 259 | 668.1 | 929.8 | 829.5 | 515.4 | 366.4 |
P/E ratio | 257 x | 13 x | 6.73 x | 22.6 x | 22.4 x | -3.41 x |
Yield | - | - | 13.3% | 2.63% | - | - |
Capitalization / Revenue | 0.67 x | 0.85 x | 1.14 x | 1.25 x | 0.8 x | 0.43 x |
EV / Revenue | 0.33 x | 0.8 x | 1.05 x | 1.15 x | 0.66 x | 0.31 x |
EV / EBITDA | 6.85 x | 9.8 x | 5.18 x | 13.8 x | 10.3 x | -8.61 x |
EV / FCF | 1.82 x | 7.79 x | -47.2 x | -7.38 x | 4.91 x | -3.27 x |
FCF Yield | 55% | 12.8% | -2.12% | -13.6% | 20.4% | -30.6% |
Price to Book | 0.72 x | 0.92 x | 1.2 x | 1.18 x | 0.85 x | 0.86 x |
Nbr of stocks (in thousands) | 939,594 | 922,769 | 922,769 | 922,769 | 922,769 | 922,759 |
Reference price 2 | 0.5679 | 0.7727 | 1.089 | 0.9800 | 0.6838 | 0.5500 |
Announcement Date | 19-03-28 | 20-03-26 | 21-03-14 | 22-03-30 | 23-03-21 | 24-03-31 |
Income Statement Evolution (Annual data)
Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Net sales 1 | 793.4 | 840.2 | 884.9 | 722.7 | 785.4 | 1,180 |
EBITDA 1 | 37.82 | 68.17 | 179.3 | 59.97 | 49.98 | -42.56 |
EBIT 1 | 33.53 | 64.37 | 175.9 | 57.04 | 46.73 | -45.32 |
Operating Margin | 4.23% | 7.66% | 19.88% | 7.89% | 5.95% | -3.84% |
Earnings before Tax (EBT) 1 | 31.28 | 71.83 | 169.2 | 57.47 | 52.43 | -124 |
Net income 1 | 2.039 | 55.04 | 149.4 | 40.05 | 28.15 | -158.4 |
Net margin | 0.26% | 6.55% | 16.88% | 5.54% | 3.58% | -13.43% |
EPS 2 | 0.002210 | 0.0596 | 0.1619 | 0.0434 | 0.0305 | -0.1612 |
Free Cash Flow 1 | 142.3 | 85.82 | -19.71 | -112.4 | 105 | -112 |
FCF margin | 17.94% | 10.21% | -2.23% | -15.56% | 13.37% | -9.49% |
FCF Conversion (EBITDA) | 376.38% | 125.89% | - | - | 210.1% | - |
FCF Conversion (Net income) | 6,981.15% | 155.93% | - | - | 373.03% | - |
Dividend per Share | - | - | 0.1449 | 0.0258 | - | - |
Announcement Date | 19-03-28 | 20-03-26 | 21-03-14 | 22-03-30 | 23-03-21 | 24-03-31 |
Balance Sheet Analysis
Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Net Debt 1 | - | - | - | - | - | - |
Net Cash position 1 | 275 | 44.9 | 75.6 | 74.8 | 116 | 141 |
Leverage (Debt/EBITDA) | - | - | - | - | - | - |
Free Cash Flow 1 | 142 | 85.8 | -19.7 | -112 | 105 | -112 |
ROE (net income / shareholders' equity) | 2.49% | 7.28% | 17.9% | 5.5% | 5.14% | -18.9% |
ROA (Net income/ Total Assets) | 0.54% | 0.98% | 2.53% | 0.77% | 0.66% | -0.79% |
Assets 1 | 375 | 5,609 | 5,911 | 5,211 | 4,271 | 20,098 |
Book Value Per Share 2 | 0.7900 | 0.8400 | 0.9100 | 0.8300 | 0.8000 | 0.6400 |
Cash Flow per Share 2 | 0.3000 | 0.0600 | 0.0900 | 0.1100 | 0.1300 | 0.1600 |
Capex | - | - | 1.35 | - | 1.99 | 0.5 |
Capex / Sales | - | - | 0.15% | - | 0.25% | 0.04% |
Announcement Date | 19-03-28 | 20-03-26 | 21-03-14 | 22-03-30 | 23-03-21 | 24-03-31 |
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
1st Jan change | Capi. | |
---|---|---|
-28.18% | 99.23M | |
+8.35% | 333M | |
+40.49% | 313M | |
-5.22% | 206M | |
-16.67% | 143M | |
+229.31% | 70.61M | |
+3.77% | 69.17M |
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- Financials Islamic Arab Insurance Co. (Salama)