Financials Dar Al Takaful

Equities

WATANIA

AET000301019

Multiline Insurance & Brokers

Delayed Dubai FM 02:07:56 2024-05-02 am EDT 5-day change 1st Jan Change
0.598 AED +0.17% Intraday chart for Dar Al Takaful +1.36% -0.99%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 69.3 77.25 139.8 187.5 181.6 157.1
Enterprise Value (EV) 1 44.26 50.44 234.8 272 182.9 161.1
P/E ratio 10.3 x 15.7 x 6.17 x 8.69 x -3.3 x 11.8 x
Yield - - 13.4% - - -
Capitalization / Revenue 0.36 x 0.4 x 0.32 x 0.38 x 0.33 x 0.16 x
EV / Revenue 0.23 x 0.26 x 0.54 x 0.55 x 0.33 x 0.16 x
EV / EBITDA 4.02 x 4.13 x 22.3 x 9.42 x -6.77 x 44.3 x
EV / FCF 5.14 x -8.39 x -1.74 x -2.36 x 1.57 x -19.1 x
FCF Yield 19.4% -11.9% -57.5% -42.4% 63.8% -5.23%
Price to Book 0.56 x 0.6 x 0.96 x 1.23 x 0.88 x 0.68 x
Nbr of stocks (in thousands) 150,000 150,000 150,000 150,000 260,156 260,156
Reference price 2 0.4620 0.5150 0.9320 1.250 0.6980 0.6040
Announcement Date 3/25/19 3/24/20 3/28/21 3/17/22 3/21/23 3/25/24
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 193.1 192.3 433.9 495.8 556.1 987.9
EBITDA 1 11.02 12.22 10.53 28.88 -27.01 3.636
EBIT 1 8.718 10.62 4.181 23.12 -38 -4.698
Operating Margin 4.52% 5.52% 0.96% 4.66% -6.83% -0.48%
Earnings before Tax (EBT) 1 6.714 4.905 22.64 21.58 -55.04 13.28
Net income 1 6.714 4.905 22.64 21.58 -55.04 13.28
Net margin 3.48% 2.55% 5.22% 4.35% -9.9% 1.34%
EPS 2 0.0448 0.0327 0.1510 0.1439 -0.2117 0.0510
Free Cash Flow 1 8.607 -6.012 -135.1 -115.2 116.7 -8.43
FCF margin 4.46% -3.13% -31.13% -23.24% 20.99% -0.85%
FCF Conversion (EBITDA) 78.09% - - - - -
FCF Conversion (Net income) 128.18% - - - - -
Dividend per Share - - 0.1247 - - -
Announcement Date 3/25/19 3/24/20 3/28/21 3/17/22 3/21/23 3/25/24
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 95 84.5 1.29 3.96
Net Cash position 1 25 26.8 - - - -
Leverage (Debt/EBITDA) - - 9.026 x 2.926 x -0.0479 x 1.088 x
Free Cash Flow 1 8.61 -6.01 -135 -115 117 -8.43
ROE (net income / shareholders' equity) 5.62% 3.92% 16.6% 14.5% -30.7% 5.93%
ROA (Net income/ Total Assets) 1.07% 1.3% 0.24% 0.89% -1.4% -0.24%
Assets 1 628.7 378 9,595 2,423 3,945 -5,642
Book Value Per Share 2 0.8200 0.8500 0.9700 1.010 0.7900 0.8800
Cash Flow per Share 2 0.1700 0.1800 0.8800 0.2300 0.4000 0.3000
Capex 1 1.51 0.78 3.56 3.45 1.51 13
Capex / Sales 0.78% 0.41% 0.82% 0.7% 0.27% 1.31%
Announcement Date 3/25/19 3/24/20 3/28/21 3/17/22 3/21/23 3/25/24
1AED in Million2AED
Estimates
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