SEEF PROPERTIES B.S.C. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.14 BHD | -.--% |
|
-.--% | -10.26% |
| 03-21 | Seef Properties B.S.C. Approves Cash Dividends | CI |
| 02-27 | Seef Properties B.S.C. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 101.2 | 94.3 | 78.66 | 82.34 | 76.82 | 71.76 |
| Enterprise Value (EV) 1 | 100.1 | 93.09 | 88.64 | 90.54 | 85.67 | 79.81 |
| P/E ratio | 9.27 x | 8.63 x | 17.4 x | 16.4 x | 12.4 x | 11.1 x |
| Yield | 6.82% | 7.32% | 2.92% | 3.35% | 4.79% | 5.77% |
| Capitalization / Revenue | 5.49 x | 5.2 x | 6.32 x | 7.05 x | 5.49 x | 4.74 x |
| EV / Revenue | 5.43 x | 5.14 x | 7.12 x | 7.75 x | 6.13 x | 5.27 x |
| EV / EBITDA | 8.61 x | 8.18 x | 12.6 x | 15 x | 10.9 x | 10.3 x |
| EV / FCF | 24 x | 14.4 x | -165 x | 23.9 x | -7.57 x | 80.7 x |
| FCF Yield | 4.17% | 6.92% | -0.61% | 4.19% | -13.2% | 1.24% |
| Price to Book | 0.67 x | 0.61 x | 0.52 x | 0.53 x | 0.49 x | 0.45 x |
| Nbr of stocks (in thousands) | 460,000 | 460,000 | 460,000 | 460,000 | 460,000 | 460,000 |
| Reference price 2 | 0.2200 | 0.2050 | 0.1710 | 0.1790 | 0.1670 | 0.1560 |
| Announcement Date | 19-02-21 | 20-02-17 | 21-02-18 | 22-02-28 | 23-02-23 | 24-02-27 |
1BHD in Million2BHD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 18.43 | 18.12 | 12.45 | 11.68 | 13.99 | 15.14 |
| EBITDA 1 | 11.63 | 11.38 | 7.031 | 6.038 | 7.835 | 7.735 |
| EBIT 1 | 10.17 | 10.53 | 6.281 | 5.491 | 6.981 | 6.749 |
| Operating Margin | 55.2% | 58.12% | 50.43% | 46.99% | 49.91% | 44.57% |
| Earnings before Tax (EBT) 1 | 11.12 | 11.19 | 4.526 | 4.842 | 6.149 | 6.3 |
| Net income 1 | 10.91 | 10.93 | 4.524 | 5.018 | 6.195 | 6.44 |
| Net margin | 59.23% | 60.3% | 36.33% | 42.94% | 44.3% | 42.53% |
| EPS 2 | 0.0237 | 0.0238 | 0.009835 | 0.0109 | 0.0135 | 0.0140 |
| Free Cash Flow 1 | 4.175 | 6.444 | -0.5368 | 3.795 | -11.32 | 0.9892 |
| FCF margin | 22.66% | 35.57% | -4.31% | 32.48% | -80.96% | 6.53% |
| FCF Conversion (EBITDA) | 35.91% | 56.62% | - | 62.85% | - | 12.79% |
| FCF Conversion (Net income) | 38.26% | 58.98% | - | 75.64% | - | 15.36% |
| Dividend per Share 2 | 0.0150 | 0.0150 | 0.005000 | 0.006000 | 0.008000 | 0.009000 |
| Announcement Date | 19-02-21 | 20-02-17 | 21-02-18 | 22-02-28 | 23-02-23 | 24-02-27 |
1BHD in Million2BHD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2.366 | 3.328 | 3.278 | 3.447 | 3.713 | 3.491 | 3.67 | 3.865 | 3.838 | 3.738 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1.33 | 1.919 | 1.917 | 1.988 | 2.112 | 1.662 | 2.104 | 2.284 | - | 2.189 |
| Operating Margin | 56.2% | 57.66% | 58.5% | 57.66% | 56.89% | 47.6% | 57.35% | 59.09% | - | 58.57% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | 1.496 | - |
| Net margin | - | - | - | - | - | - | - | - | 38.98% | - |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-11-10 | 22-02-28 | 22-05-12 | 22-08-03 | 22-11-10 | 23-02-23 | 23-05-14 | 23-08-02 | 23-11-09 | 24-02-27 |
1BHD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 9.98 | 8.2 | 8.85 | 8.05 |
| Net Cash position 1 | 1.08 | 1.21 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.42 x | 1.358 x | 1.129 x | 1.041 x |
| Free Cash Flow 1 | 4.18 | 6.44 | -0.54 | 3.8 | -11.3 | 0.99 |
| ROE (net income / shareholders' equity) | 7.35% | 7.15% | 2.88% | 3.08% | 3.84% | 3.86% |
| ROA (Net income/ Total Assets) | 3.81% | 3.84% | 2.26% | 1.94% | 2.43% | 2.35% |
| Assets 1 | 286.8 | 284.5 | 200.3 | 258.2 | 255 | 273.6 |
| Book Value Per Share 2 | 0.3300 | 0.3400 | 0.3300 | 0.3400 | 0.3400 | 0.3500 |
| Cash Flow per Share 2 | 0.0200 | 0.0200 | 0.0100 | 0.0200 | 0.0100 | 0 |
| Capex 1 | 0.04 | 0.39 | - | - | 2.56 | 0.57 |
| Capex / Sales | 0.21% | 2.15% | - | - | 18.3% | 3.78% |
| Announcement Date | 19-02-21 | 20-02-17 | 21-02-18 | 22-02-28 | 23-02-23 | 24-02-27 |
1BHD in Million2BHD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -10.26% | 171M | |
| +8.96% | 228M | |
| +17.07% | 174M |
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