Financials Barwa Real Estate Company Q.P.S.C.

Equities

BRES

QA000A0KD6J5

Real Estate Development & Operations

End-of-day quote Qatar Exchange 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
2.835 QAR -1.56% Intraday chart for Barwa Real Estate Company Q.P.S.C. -2.31% -2.04%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 15,530 13,775 13,234 11,907 11,180 11,261
Enterprise Value (EV) 1 22,080 22,228 22,890 24,888 27,030 23,931
P/E ratio 8.11 x 9.17 x 10.9 x 10.7 x 9.82 x 9.16 x
Yield 6.26% 5.65% 3.68% 5.72% 6.09% 6.22%
Capitalization / Revenue 7.49 x 8.49 x 8.34 x 3.44 x 4.34 x 6.93 x
EV / Revenue 10.6 x 13.7 x 14.4 x 7.19 x 10.5 x 14.7 x
EV / EBITDA 17.5 x 26.1 x 28.4 x 20.4 x 29.9 x 25.6 x
EV / FCF 15.6 x -349 x 35.8 x 28.2 x 69.3 x -9.44 x
FCF Yield 6.4% -0.29% 2.79% 3.54% 1.44% -10.6%
Price to Book 0.8 x 0.69 x 0.65 x 0.57 x 0.53 x 0.52 x
Nbr of stocks (in thousands) 3,891,246 3,891,246 3,891,246 3,891,246 3,891,246 3,891,246
Reference price 2 3.991 3.540 3.401 3.060 2.873 2.894
Announcement Date 2/26/19 3/12/20 2/16/21 2/15/22 2/13/23 2/11/24
1QAR in Million2QAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,075 1,622 1,587 3,462 2,575 1,625
EBITDA 1 1,259 850.6 806.2 1,219 904.3 934.8
EBIT 1 1,202 785.5 736.6 1,165 868.3 901.8
Operating Margin 57.92% 48.43% 46.41% 33.66% 33.72% 55.48%
Earnings before Tax (EBT) 1 1,922 1,520 1,242 1,134 1,161 1,244
Net income 1 1,915 1,503 1,214 1,114 1,138 1,229
Net margin 92.3% 92.65% 76.51% 32.17% 44.19% 75.63%
EPS 2 0.4921 0.3862 0.3120 0.2862 0.2925 0.3159
Free Cash Flow 1 1,413 -63.63 638.7 881.3 390.2 -2,534
FCF margin 68.09% -3.92% 40.25% 25.46% 15.15% -155.93%
FCF Conversion (EBITDA) 112.24% - 79.23% 72.3% 43.15% -
FCF Conversion (Net income) 73.77% - 52.61% 79.14% 34.29% -
Dividend per Share 2 0.2500 0.2000 0.1250 0.1750 0.1750 0.1800
Announcement Date 2/26/19 3/12/20 2/16/21 2/15/22 2/13/23 2/11/24
1QAR in Million2QAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6,550 8,453 9,655 12,981 15,851 12,670
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.204 x 9.938 x 11.98 x 10.65 x 17.53 x 13.55 x
Free Cash Flow 1 1,413 -63.6 639 881 390 -2,534
ROE (net income / shareholders' equity) 9.91% 7.6% 5.99% 5.39% 5.41% 5.68%
ROA (Net income/ Total Assets) 2.5% 1.58% 1.41% 2.06% 1.4% 1.45%
Assets 1 76,560 95,311 85,851 54,030 81,259 84,543
Book Value Per Share 2 4.970 5.100 5.220 5.360 5.470 5.600
Cash Flow per Share 2 0.3500 0.3200 0.1900 0.3500 0.2300 0.2700
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/26/19 3/12/20 2/16/21 2/15/22 2/13/23 2/11/24
1QAR in Million2QAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
2.835
Average target price
-
Consensus
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