Financials Masraf Al Rayan (Q.P.S.C.)

Equities

MARK

QA000A0M8VM3

Banks

End-of-day quote Qatar Exchange 18:00:00 2024-04-24 EDT 5-day change 1st Jan Change
2.475 QAR -0.24% Intraday chart for Masraf Al Rayan (Q.P.S.C.) -2.17% -6.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 29,700 33,975 43,152 29,490 24,692 23,018 - -
Enterprise Value (EV) 1 29,700 33,975 43,152 29,490 24,692 23,018 23,018 23,018
P/E ratio 13.7 x 15.6 x 21.3 x 21.9 x 17.6 x 16.1 x 14.8 x 12.7 x
Yield 5.68% 3.75% 3.66% - - 4.04% 4.69% 5.55%
Capitalization / Revenue 10.3 x 10.5 x 11.9 x 6.82 x 7.08 x 6.38 x 5.87 x 5.44 x
EV / Revenue 10.3 x 10.5 x 11.9 x 6.82 x 7.08 x 6.38 x 5.87 x 5.44 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.13 x 2.37 x 1.84 x 1.21 x 1 x 0.97 x 0.94 x 0.92 x
Nbr of stocks (in thousands) 7,500,000 7,500,000 9,300,000 9,300,000 9,300,000 9,300,000 - -
Reference price 2 3.960 4.530 4.640 3.171 2.655 2.475 2.475 2.475
Announcement Date 20-01-20 21-01-20 22-01-27 23-03-08 24-01-24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,892 3,229 3,628 4,327 3,486 3,609 3,923 4,228
EBITDA - - - - - - - -
EBIT 1 2,214 2,517 2,818 3,041 2,545 2,682 3,011 3,337
Operating Margin 76.54% 77.94% 77.67% 70.28% 72.99% 74.31% 76.75% 78.92%
Earnings before Tax (EBT) 1 2,189 2,183 1,735 1,385 1,515 1,504 1,786 2,044
Net income 1 2,170 2,175 1,718 1,344 1,452 1,399 1,549 1,780
Net margin 75.03% 67.37% 47.34% 31.06% 41.64% 38.77% 39.48% 42.1%
EPS 2 0.2900 0.2900 0.2180 0.1445 0.1510 0.1535 0.1677 0.1952
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2250 0.1700 0.1700 - - 0.0999 0.1160 0.1372
Announcement Date 20-01-20 21-01-20 22-01-27 23-03-08 24-01-24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 919.9 1,075 1,168 1,087 996.1 896.7 916.6 1,031 641.7 914.2
EBITDA - - - - - - - - - -
EBIT 1 677.6 792.4 892.7 773.4 582.6 663.5 670.5 778.7 431.9 683.6
Operating Margin 73.65% 73.69% 76.42% 71.12% 58.48% 73.99% 73.15% 75.51% 67.31% 74.78%
Earnings before Tax (EBT) - - - - - - - - - -
Net income 1 4.389 506.2 519.7 334.1 -16 385 379.7 473 214.1 406.1
Net margin 0.48% 47.08% 44.49% 30.73% -1.61% 42.93% 41.42% 45.86% 33.36% 44.42%
EPS 2 - 0.0540 0.0560 0.0360 -0.001500 0.0410 0.0410 0.0510 0.0180 0.0440
Dividend per Share 0.1700 - - - - - - - - -
Announcement Date 22-01-27 22-04-28 22-07-21 22-10-25 23-03-08 23-04-17 23-07-18 23-10-26 24-01-24 24-04-25
1QAR in Million2QAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 16% 15.4% 9.08% 5.78% 5.97% 6.75% 7.1% 7.8%
ROA (Net income/ Total Assets) 2.14% 1.91% 1.16% 0.79% 0.88% 0.83% 0.9% 0.97%
Assets 1 101,449 113,754 147,578 170,775 165,911 167,873 172,081 184,140
Book Value Per Share 2 1.860 1.920 2.520 2.610 2.640 2.560 2.620 2.690
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 20-01-20 21-01-20 22-01-27 23-03-08 24-01-24 - - -
1QAR in Million2QAR
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
4
Last Close Price
2.475 QAR
Average target price
2.403 QAR
Spread / Average Target
-2.90%
Consensus
  1. Stock Market
  2. Equities
  3. MARK Stock
  4. Financials Masraf Al Rayan (Q.P.S.C.)