BOROUGE PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.46 AED | 0.00% |
|
-0.40% | -0.40% |
| Apr. 30 | Borouge Posts Higher Q1 Attributable Profit; Revenue Down | MT |
| Apr. 30 | Borouge plc Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 20,709 | 20,217 | 20,131 | - | - |
| Enterprise Value (EV) 1 | 20,709 | 23,174 | 22,925 | 24,480 | 25,025 |
| P/E ratio | - | 22.4 x | 18.9 x | 16.1 x | 13.6 x |
| Yield | - | - | 6.17% | 5.66% | 6.47% |
| Capitalization / Revenue | 3.08 x | 3.49 x | 3.52 x | 3.18 x | 2.92 x |
| EV / Revenue | 3.08 x | 4 x | 4.01 x | 3.87 x | 3.64 x |
| EV / EBITDA | 7.83 x | 10.7 x | 10.5 x | 9.69 x | 8.28 x |
| EV / FCF | - | 14.7 x | 15.5 x | -70.8 x | 11.2 x |
| FCF Yield | - | 6.81% | 6.45% | -1.41% | 8.91% |
| Price to Book | - | 4.46 x | 4.37 x | 4.37 x | 4.39 x |
| Nbr of stocks (in thousands) | 30,057,692 | 30,057,692 | 30,057,692 | - | - |
| Reference price 2 | 0.6890 | 0.6726 | 0.6697 | 0.6697 | 0.6697 |
| Announcement Date | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,216 | 6,727 | 5,791 | 5,719 | 6,324 | 6,883 |
| EBITDA 1 | - | 2,646 | 2,171 | 2,186 | 2,526 | 3,021 |
| EBIT 1 | - | - | 1,597 | 1,661 | 1,951 | 2,402 |
| Operating Margin | - | - | 27.58% | 29.04% | 30.85% | 34.9% |
| Earnings before Tax (EBT) 1 | - | - | 1,401 | 1,682 | 2,007 | 2,075 |
| Net income 1 | 1,518 | - | 991 | 1,038 | 1,182 | 1,418 |
| Net margin | 24.42% | - | 17.11% | 18.16% | 18.68% | 20.6% |
| EPS 2 | - | - | 0.0300 | 0.0355 | 0.0417 | 0.0493 |
| Free Cash Flow 1 | - | - | 1,577 | 1,480 | -346 | 2,229 |
| FCF margin | - | - | 27.24% | 25.87% | -5.47% | 32.38% |
| FCF Conversion (EBITDA) | - | - | 72.65% | 67.69% | - | 73.78% |
| FCF Conversion (Net income) | - | - | 159.15% | 142.47% | - | 157.17% |
| Dividend per Share 2 | - | - | - | 0.0413 | 0.0379 | 0.0433 |
| Announcement Date | 5/18/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,870 | 1,674 | 1,593 | 1,382 | 1,416 | 1,496 | 1,497 | 1,302 | 1,430 | 1,495 | 1,444 |
| EBITDA | 859 | 516 | 541 | 460.2 | 518 | 592.4 | 600 | 567 | - | - | - |
| EBIT 1 | - | 459 | - | 327 | 368.7 | 449 | 452 | 429.4 | 449.7 | 434.1 | 358.6 |
| Operating Margin | - | 27.42% | - | 23.67% | 26.04% | 30.01% | 30.19% | 32.98% | 31.45% | 29.05% | 24.83% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 485.1 | 304.2 | - | - | 229 | 279.1 | 285 | 270.6 | - | - | - |
| Net margin | 25.94% | 18.17% | - | - | 16.17% | 18.65% | 19.04% | 20.78% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/28/22 | 10/27/22 | 2/2/23 | 4/28/23 | 7/28/23 | 10/30/23 | 2/1/24 | 4/30/24 | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 2,957 | 2,794 | 4,349 | 4,894 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.362 x | 1.278 x | 1.722 x | 1.62 x |
| Free Cash Flow 1 | - | - | 1,577 | 1,480 | -346 | 2,229 |
| ROE (net income / shareholders' equity) | - | - | 21.1% | 22.4% | 27.3% | 34.9% |
| ROA (Net income/ Total Assets) | - | - | 10.3% | 11.6% | 11.7% | 17.1% |
| Assets 1 | - | - | 9,588 | 8,922 | 10,080 | 8,292 |
| Book Value Per Share 2 | - | - | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
| Cash Flow per Share 2 | - | - | 0.0600 | 0.0700 | 0.0800 | 0.1000 |
| Capex 1 | - | - | 199 | 232 | 187 | 203 |
| Capex / Sales | - | - | 3.44% | 4.06% | 2.95% | 2.95% |
| Announcement Date | 5/18/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
0.6697
USD
Average target price
0.7739
USD
Spread / Average Target
+15.55%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.81% | 20.13B | |
| +7.30% | 4.14B | |
| +11.34% | 1.46B | |
| -7.84% | 1.13B | |
| +23.50% | 992M | |
| -5.00% | 755M | |
| -20.11% | 713M | |
| -9.36% | 306M | |
| -6.98% | 270M | |
| -1.71% | 263M |
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