Financials The Saudi Investment Bank

Equities

1030

SA0007879063

Banks

End-of-day quote Saudi Arabian S.E. 18:00:00 2024-05-06 EDT 5-day change 1st Jan Change
13.26 SAR -0.45% Intraday chart for The Saudi Investment Bank -1.81% +3.85%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,179 10,800 14,670 17,340 15,960 16,575 - -
Enterprise Value (EV) 1 12,179 10,800 14,670 17,340 15,960 16,575 16,575 16,575
P/E ratio 106 x 12.5 x 10.9 x 12.7 x 10 x 8.77 x 8.07 x 7.58 x
Yield - 2.5% 4.77% 4.33% - 5.1% 5.55% 5.91%
Capitalization / Revenue 4.41 x 3.79 x 5.3 x 5.31 x 4.02 x 3.92 x 3.63 x 3.41 x
EV / Revenue 4.41 x 3.79 x 5.3 x 5.31 x 4.02 x 3.92 x 3.63 x 3.41 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.97 x 0.78 x 0.67 x 1.03 x 0.95 x 1.08 x 1.02 x 0.97 x
Nbr of stocks (in thousands) 1,125,167 1,125,008 1,250,000 1,250,000 1,250,000 1,250,000 - -
Reference price 2 10.82 9.600 11.74 13.87 12.77 13.26 13.26 13.26
Announcement Date 20-02-24 21-02-11 22-02-08 23-03-05 24-02-12 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,764 2,846 2,768 3,265 3,967 4,232 4,572 4,862
EBITDA - - - - - - - -
EBIT 1 1,584 1,632 1,484 1,833 2,310 2,354 2,596 2,985
Operating Margin 57.31% 57.34% 53.6% 56.13% 58.23% 55.64% 56.79% 61.4%
Earnings before Tax (EBT) 1 329.5 1,229 1,267 1,712 2,028 2,085 2,263 2,413
Net income 1 239 979.6 1,062 1,508 1,762 1,793 1,951 2,085
Net margin 8.65% 34.42% 38.36% 46.18% 44.41% 42.38% 42.68% 42.88%
EPS 2 0.1020 0.7680 1.072 1.096 1.272 1.512 1.643 1.749
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.2400 0.5600 0.6000 - 0.6760 0.7360 0.7840
Announcement Date 20-02-24 21-02-11 22-02-08 23-03-05 24-02-12 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales - 684.2 727.7 721.1 772.5 858.2 913.5 959.6 989.3 1,005 1,013 -
EBITDA - - - - - - - - - - - -
EBIT - 377.6 363.8 372.4 433.1 493.9 533.3 538.6 662.7 599.8 588.2 -
Operating Margin - 55.2% 49.99% 51.64% 56.06% 57.55% 58.38% 56.13% 66.98% 59.7% 58.07% -
Earnings before Tax (EBT) - - - - - - - - 516.1 - - -
Net income 501.3 274.3 286.1 287 320.6 550 350.2 408.9 443.8 461.6 447.3 -
Net margin - 40.09% 39.31% 39.8% 41.51% 64.08% 38.34% 42.61% 44.86% 45.94% 44.16% -
EPS 1 - - - - - - - - 0.3040 - - 0.4300
Dividend per Share - - - - - - - - - - - -
Announcement Date 21-07-28 21-10-26 22-02-08 22-04-27 22-08-01 22-10-30 23-03-05 23-05-04 23-07-27 23-10-26 24-02-12 24-05-05
1SAR
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) 1.75% 6.68% 7.55% 9.11% 10.4% 12% 12% 11.9%
ROA (Net income/ Total Assets) 0.24% 0.98% 1.05% 1.43% 1.47% 1.31% 1.27% 1.24%
Assets 1 98,233 100,365 100,740 105,349 119,528 136,896 153,220 167,695
Book Value Per Share 2 11.20 12.30 17.40 13.40 13.40 12.20 13.00 13.70
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 20-02-24 21-02-11 22-02-08 23-03-05 24-02-12 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
13.26 SAR
Average target price
15.64 SAR
Spread / Average Target
+17.95%
Consensus

Quarterly revenue - Rate of surprise

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