Financials Alinma Bank

Equities

1150

SA122050HV19

Banks

Market Closed - Saudi Arabian S.E. 08:20:02 2024-05-23 am EDT 5-day change 1st Jan Change
30.85 SAR -2.68% Intraday chart for Alinma Bank -1.75% -0.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 38,025 32,360 47,920 65,100 77,300 77,125 - -
Enterprise Value (EV) 1 38,025 32,360 47,920 65,100 77,300 77,125 77,125 77,125
P/E ratio 14.9 x 16.3 x 18.3 x 18.8 x 16.6 x 14.4 x 13 x 11.7 x
Yield 3.94% 1.85% 3.13% 2.92% - 3.07% 3.29% 3.72%
Capitalization / Revenue 6.78 x 5.64 x 7.19 x 8.18 x 7.95 x 7.13 x 6.42 x 5.84 x
EV / Revenue 6.78 x 5.64 x 7.19 x 8.18 x 7.95 x 7.13 x 6.42 x 5.84 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.68 x 1.32 x 1.55 x 2.03 x 2.24 x 2.34 x 2.08 x 1.91 x
Nbr of stocks (in thousands) 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 - -
Reference price 2 15.21 12.94 19.17 26.04 30.92 30.85 30.85 30.85
Announcement Date 2/2/20 2/11/21 2/14/22 2/2/23 2/7/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,610 5,734 6,667 7,963 9,726 10,816 12,020 13,212
EBITDA - - - - - - - -
EBIT 1 3,534 3,621 4,302 5,198 6,682 7,417 8,606 9,686
Operating Margin 62.99% 63.15% 64.53% 65.28% 68.7% 68.57% 71.6% 73.31%
Earnings before Tax (EBT) 1 2,816 2,202 3,022 4,013 5,396 6,266 7,054 7,885
Net income 1 2,535 1,966 2,709 3,590 4,839 5,419 6,112 6,756
Net margin 45.18% 34.29% 40.64% 45.08% 49.75% 50.1% 50.85% 51.13%
EPS 2 1.020 0.7920 1.048 1.384 1.864 2.141 2.374 2.637
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.6000 0.2400 0.6000 0.7600 - 0.9480 1.016 1.148
Announcement Date 2/2/20 2/11/21 2/14/22 2/2/23 2/7/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 1,669 1,808 1,932 2,075 2,148 2,179 2,437 2,541 2,569 2,564 2,684 2,767 2,815 - -
EBITDA - - - - - - - - - - - - - - - -
EBIT - 998.2 1,165 1,269 1,366 1,398 1,422 1,690 1,775 1,795 1,731 - - - - -
Operating Margin - 59.79% 64.47% 65.67% 65.81% 65.09% 65.23% 69.35% 69.87% 69.87% 67.5% - - - - -
Earnings before Tax (EBT) 1 - 691 - 1,031 1,103 959.2 1,081 1,366 1,476 - 1,466 1,552 1,614 1,667 - -
Net income 1 1,352 619.1 824.7 925.1 989 860.2 969.9 1,225 1,324 1,320 1,315 1,366 1,427 1,473 - -
Net margin - 37.09% 45.63% 47.88% 47.65% 40.05% 44.5% 50.27% 52.11% 51.38% 51.27% 50.9% 51.57% 52.32% - -
EPS 2 - 0.2240 0.2480 0.4320 0.3840 0.3200 0.3680 0.4720 0.5120 0.5120 0.6400 0.5102 0.5490 0.5504 - -
Dividend per Share 2 - - - - - - - - - - - 0.2382 0.2426 0.2211 0.2488 0.2488
Announcement Date 8/5/21 2/14/22 5/12/22 7/27/22 11/1/22 2/2/23 5/10/23 7/27/23 11/1/23 2/7/24 5/1/24 - - - - -
1SAR in Million2SAR
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) 11.6% 8.39% 9.83% 11.5% 14.6% 17.7% 16.7% 17.1%
ROA (Net income/ Total Assets) 2% 1.36% 1.64% 1.93% 2.21% 2.08% 2.13% 2.08%
Assets 1 126,589 144,357 165,207 186,494 218,564 261,124 287,516 325,459
Book Value Per Share 2 9.040 9.840 12.40 12.80 13.80 13.20 14.80 16.10
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/2/20 2/11/21 2/14/22 2/2/23 2/7/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
30.85 SAR
Average target price
35.28 SAR
Spread / Average Target
+14.34%
Consensus
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  4. Financials Alinma Bank