Financials Jordanian Duty Free Shops

Equities

JDFS

JO3102211013

Airport Services

End-of-day quote Amman S.E. 06:00:00 2024-04-16 pm EDT 5-day change 1st Jan Change
7.35 JOD -0.68% Intraday chart for Jordanian Duty Free Shops 0.00% -11.02%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 292.5 258.5 216 175.5 196.6 185.8
Enterprise Value (EV) 1 249.8 218.8 207.3 160.7 177 172.8
P/E ratio 10.3 x 10.6 x 1,013 x 1,086 x 23.3 x 24.5 x
Yield 7.69% 9.57% 1.04% 2.56% 6.86% 6.05%
Capitalization / Revenue 3.21 x 3.14 x 8.22 x 6.4 x 3.51 x 2.78 x
EV / Revenue 2.74 x 2.66 x 7.89 x 5.86 x 3.16 x 2.59 x
EV / EBITDA 9.03 x 8.93 x 333 x 87.1 x 17 x 17.3 x
EV / FCF 27.8 x 14.3 x -28.3 x 15.2 x 24.3 x 56.2 x
FCF Yield 3.6% 7.01% -3.53% 6.59% 4.11% 1.78%
Price to Book 4.11 x 3.54 x 4.45 x 3.78 x 3.9 x 4.18 x
Nbr of stocks (in thousands) 22,500 22,500 22,500 22,500 22,500 22,500
Reference price 2 13.00 11.49 9.600 7.800 8.740 8.260
Announcement Date 2/24/19 3/9/20 3/30/21 3/9/22 3/6/23 3/3/24
1JOD in Million2JOD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 91.15 82.35 26.26 27.44 55.95 66.82
EBITDA 1 27.66 24.52 0.6235 1.844 10.4 9.961
EBIT 1 26.28 23.08 -0.8794 0.4372 8.266 6.822
Operating Margin 28.84% 28.02% -3.35% 1.59% 14.77% 10.21%
Earnings before Tax (EBT) 1 28.86 25.09 0.6004 0.4017 8.799 8.056
Net income 1 28.38 24.5 0.2133 0.1616 8.441 7.573
Net margin 31.13% 29.75% 0.81% 0.59% 15.09% 11.33%
EPS 2 1.261 1.089 0.009480 0.007180 0.3752 0.3366
Free Cash Flow 1 8.986 15.35 -7.32 10.58 7.284 3.074
FCF margin 9.86% 18.64% -27.87% 38.56% 13.02% 4.6%
FCF Conversion (EBITDA) 32.49% 62.6% - 573.94% 70.05% 30.86%
FCF Conversion (Net income) 31.67% 62.64% - 6,550.39% 86.29% 40.6%
Dividend per Share 2 1.000 1.100 0.1000 0.2000 0.6000 0.5000
Announcement Date 2/24/19 3/9/20 3/30/21 3/9/22 3/6/23 3/3/24
1JOD in Million2JOD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 42.7 39.7 8.69 14.8 19.6 13.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 8.99 15.3 -7.32 10.6 7.28 3.07
ROE (net income / shareholders' equity) 43% 34% 0.35% 0.34% 17.4% 16%
ROA (Net income/ Total Assets) 23.1% 18% -0.78% 0.48% 7.43% 5.37%
Assets 1 122.8 136 -27.33 33.58 113.6 141
Book Value Per Share 2 3.160 3.250 2.160 2.070 2.240 1.980
Cash Flow per Share 2 1.900 2.040 0.5500 0.9300 1.130 0.2300
Capex 1 3.22 4.43 5.11 3.09 2.37 1.56
Capex / Sales 3.53% 5.38% 19.45% 11.25% 4.24% 2.34%
Announcement Date 2/24/19 3/9/20 3/30/21 3/9/22 3/6/23 3/3/24
1JOD in Million2JOD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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