APEX INVESTMENT |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.82 AED | +0.55% |
|
+0.55% | -7.61% |
| 07:23am | Apex Investment Swings to Q1 Profit; Revenue Rises | MT |
| Apr. 26 | Apex Investment PSC Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 327 | 354.7 | 394.9 | 3,371 | 12,436 | 7,000 |
| Enterprise Value (EV) 1 | 357.4 | 371.3 | 390.3 | 3,348 | 11,711 | 5,947 |
| P/E ratio | 16.2 x | -6.37 x | -7.69 x | 1,131 x | 57.2 x | -120 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.43 x | 1.95 x | 2.58 x | 20.2 x | 15.2 x | 9.68 x |
| EV / Revenue | 1.56 x | 2.04 x | 2.55 x | 20.1 x | 14.3 x | 8.22 x |
| EV / EBITDA | 8.89 x | -18.1 x | -17.2 x | -881 x | 64.9 x | 53.1 x |
| EV / FCF | -50.1 x | 13.3 x | 4.45 x | -118 x | -19.3 x | 13.6 x |
| FCF Yield | -2% | 7.53% | 22.5% | -0.85% | -5.19% | 7.35% |
| Price to Book | 0.56 x | 0.68 x | 0.82 x | 5.31 x | 6.07 x | 3.6 x |
| Nbr of stocks (in thousands) | 503,118 | 503,118 | 503,118 | 503,118 | 3,553,195 | 3,553,195 |
| Reference price 2 | 0.6500 | 0.7050 | 0.7850 | 6.700 | 3.500 | 1.970 |
| Announcement Date | 3/10/19 | 3/30/20 | 3/17/21 | 1/31/22 | 1/27/23 | 1/24/24 |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 229.2 | 181.7 | 153.1 | 166.7 | 820.3 | 723.5 |
| EBITDA 1 | 40.22 | -20.5 | -22.64 | -3.799 | 180.4 | 112 |
| EBIT 1 | 11.54 | -49.76 | -37.82 | -18.79 | 157.4 | 79.84 |
| Operating Margin | 5.04% | -27.39% | -24.71% | -11.27% | 19.19% | 11.04% |
| Earnings before Tax (EBT) 1 | 20.18 | -55.71 | -51.33 | 2.981 | 187.2 | -58.43 |
| Net income 1 | 20.18 | -55.71 | -51.33 | 2.981 | 187.2 | -58.43 |
| Net margin | 8.81% | -30.67% | -33.53% | 1.79% | 22.82% | -8.08% |
| EPS 2 | 0.0401 | -0.1107 | -0.1020 | 0.005924 | 0.0612 | -0.0164 |
| Free Cash Flow 1 | -7.133 | 27.94 | 87.72 | -28.36 | -608 | 437.1 |
| FCF margin | -3.11% | 15.38% | 57.31% | -17.01% | -74.12% | 60.42% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 390.1% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/10/19 | 3/30/20 | 3/17/21 | 1/31/22 | 1/27/23 | 1/24/24 |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 30.4 | 16.6 | - | - | - | - |
| Net Cash position 1 | - | - | 4.67 | 22.8 | 725 | 1,053 |
| Leverage (Debt/EBITDA) | 0.7557 x | -0.8095 x | - | - | - | - |
| Free Cash Flow 1 | -7.13 | 27.9 | 87.7 | -28.4 | -608 | 437 |
| ROE (net income / shareholders' equity) | 3.56% | -10.1% | -10.3% | 0.53% | 14% | -2.93% |
| ROA (Net income/ Total Assets) | 1.1% | -4.89% | -3.89% | -1.76% | 6.59% | 2.24% |
| Assets 1 | 1,841 | 1,140 | 1,320 | -169.2 | 2,840 | -2,611 |
| Book Value Per Share 2 | 1.150 | 1.030 | 0.9500 | 1.260 | 0.5800 | 0.5500 |
| Cash Flow per Share 2 | 0.0200 | 0.0100 | 0.0100 | 0 | 0.0400 | 0.1700 |
| Capex 1 | 8.51 | 8.8 | 1.38 | 4.61 | 38.4 | 27 |
| Capex / Sales | 3.71% | 4.85% | 0.9% | 2.76% | 4.69% | 3.74% |
| Announcement Date | 3/10/19 | 3/30/20 | 3/17/21 | 1/31/22 | 1/27/23 | 1/24/24 |
1AED in Million2AED
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -7.61% | 1.76B | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B | |
| +14.55% | 5.7B |
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