ACWA POWER COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 400 SAR | +0.05% |
|
+1.73% | +55.95% |
| May. 03 | Saudi Arabia's Acwa Power Signs SAR18.2 Billion Wind Power Deal in Uzbekistan | MT |
| May. 02 | Saudi Shares Close Flat Amid Earnings Buzz, OECD GDP Forecast | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 61,412 | 111,127 | 187,893 | 293,025 | - | - |
| Enterprise Value (EV) 1 | 81,836 | 129,283 | 209,487 | 318,734 | 322,269 | 327,225 |
| P/E ratio | 80.9 x | 72 x | 113 x | 160 x | 86.2 x | 73.3 x |
| Yield | 0.92% | 0.55% | 0.18% | 0.12% | 0.16% | 0.19% |
| Capitalization / Revenue | 11.5 x | 21.1 x | 30.8 x | 40.2 x | 34.2 x | 29.1 x |
| EV / Revenue | 15.3 x | 24.5 x | 34.4 x | 43.7 x | 37.6 x | 32.5 x |
| EV / EBITDA | 29.1 x | 42 x | 60.8 x | 70.2 x | 57.7 x | 51.8 x |
| EV / FCF | 44.7 x | 95.9 x | -621 x | 183 x | 104 x | 90.6 x |
| FCF Yield | 2.24% | 1.04% | -0.16% | 0.54% | 0.96% | 1.1% |
| Price to Book | 4.55 x | 5.96 x | 9.81 x | 14.9 x | 12.9 x | 11.5 x |
| Nbr of stocks (in thousands) | 732,562 | 732,562 | 732,562 | 732,562 | - | - |
| Reference price 2 | 83.83 | 151.7 | 256.5 | 400.0 | 400.0 | 400.0 |
| Announcement Date | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 5,361 | 5,276 | 6,095 | 7,286 | 8,569 | 10,064 |
| EBITDA 1 | - | 2,814 | 3,079 | 3,447 | 4,541 | 5,585 | 6,318 |
| EBIT 1 | - | 2,193 | 2,614 | 2,984 | 3,893 | 4,968 | 5,603 |
| Operating Margin | - | 40.92% | 49.54% | 48.95% | 53.43% | 57.97% | 55.68% |
| Earnings before Tax (EBT) 1 | - | 827 | 1,491 | 1,835 | 2,300 | 3,566 | 4,046 |
| Net income 1 | 882.6 | 758.8 | 1,540 | 1,662 | 1,836 | 3,402 | 3,998 |
| Net margin | - | 14.15% | 29.19% | 27.26% | 25.2% | 39.71% | 39.73% |
| EPS 2 | 1.367 | 1.036 | 2.106 | 2.265 | 2.502 | 4.642 | 5.455 |
| Free Cash Flow 1 | - | 1,831 | 1,348 | -337.1 | 1,737 | 3,106 | 3,614 |
| FCF margin | - | 34.15% | 25.56% | -5.53% | 23.84% | 36.25% | 35.91% |
| FCF Conversion (EBITDA) | - | 65.05% | 43.79% | - | 38.25% | 55.62% | 57.2% |
| FCF Conversion (Net income) | - | 241.26% | 87.56% | - | 94.6% | 91.29% | 90.37% |
| Dividend per Share 2 | - | 0.7685 | 0.8283 | 0.4491 | 0.4654 | 0.6204 | 0.7686 |
| Announcement Date | 9/2/21 | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | - | - | 1,542,128 | 1,810 | 1,951 | - | - | - |
| EBITDA 1 | - | - | - | - | - | - | 841.1 | 929.2 | 1,002 | 1,012 | 1,209 | 1,211 | 1,220 |
| EBIT 1 | - | 533.1 | 516.7 | - | 652.8 | - | 727.1 | 814.2 | 877 | 1,040 | 1,040 | 1,040 | 1,040 |
| Operating Margin | - | - | - | - | - | - | - | 0.05% | 48.47% | 53.33% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | -26.94 | 338.9 | - | 541.7 | - | 269.7 | 457 | - | - | 415 | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | 21.27% | - | - | - |
| EPS | -0.0399 | - | - | 0.7385 | - | 0.3693 | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | 0.4491 | - | 0.4490 | - | - |
| Announcement Date | 11/10/21 | 3/16/22 | 5/17/22 | 8/11/22 | 11/3/22 | 5/22/23 | 8/10/23 | 11/2/23 | 2/29/24 | - | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 20,424 | 18,156 | 21,594 | 25,709 | 29,245 | 34,200 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 7.257 x | 5.896 x | 6.265 x | 5.662 x | 5.236 x | 5.413 x |
| Free Cash Flow 1 | - | 1,831 | 1,348 | -337 | 1,737 | 3,106 | 3,614 |
| ROE (net income / shareholders' equity) | - | 10.6% | 9.58% | 8.79% | 11.3% | 13.7% | 14% |
| ROA (Net income/ Total Assets) | - | 2.63% | 3.24% | 3.2% | 3.4% | 5.31% | 6.14% |
| Assets 1 | - | 28,810 | 47,506 | 51,932 | 53,974 | 64,051 | 65,125 |
| Book Value Per Share 2 | - | 18.40 | 25.50 | 26.20 | 26.80 | 31.00 | 34.70 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 2,052 | 1,563 | 3,682 | 3,736 | 2,640 | 4,493 |
| Capex / Sales | - | 38.28% | 29.62% | 60.41% | 51.28% | 30.8% | 44.65% |
| Announcement Date | 9/2/21 | 3/16/22 | 3/2/23 | 2/29/24 | - | - | - |
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
Sell
Buy
Mean consensus
SELL
Number of Analysts
6
Last Close Price
400
SAR
Average target price
203.3
SAR
Spread / Average Target
-49.16%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +55.95% | 78.11B | |
| -20.86% | 84.18B | |
| -.--% | 51.55B | |
| +1.51% | 50.16B | |
| -2.70% | 46.13B | |
| -4.01% | 39.62B | |
| +3.79% | 35.5B | |
| +16.66% | 35.09B | |
| -21.37% | 26.55B | |
| -12.07% | 23.3B |
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