Financials Kuwait Insurance Company S.A.K.P.

Equities

KINS

KW0EQ0300412

Property & Casualty Insurance

End-of-day quote Kuwait S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
0.511 KWD -0.97% Intraday chart for Kuwait Insurance Company S.A.K.P. -0.78% +8.72%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 66.53 60.98 71.15 71.52 96.83 86.86
Enterprise Value (EV) 1 62.12 55.11 66.4 63.17 82.47 71.39
P/E ratio 7.42 x 6.39 x 6.76 x 6.26 x 2.3 x 7.16 x
Yield 6.94% 9.09% 7.79% 8.53% 7.63% 8.51%
Capitalization / Revenue 2.38 x 2.17 x 2.58 x 2.31 x 1.41 x 1.47 x
EV / Revenue 2.22 x 1.96 x 2.41 x 2.04 x 1.2 x 1.21 x
EV / EBITDA 6.63 x 5.57 x 6.07 x 5.33 x 1.91 x 5.65 x
EV / FCF 6.19 x 31.8 x 5.28 x 4.31 x 2.61 x 5.56 x
FCF Yield 16.2% 3.14% 18.9% 23.2% 38.3% 18%
Price to Book 0.86 x 0.54 x 0.72 x 0.61 x 0.75 x 0.61 x
Nbr of stocks (in thousands) 184,799 184,799 184,799 184,799 184,799 184,799
Reference price 2 0.3600 0.3300 0.3850 0.3870 0.5240 0.4700
Announcement Date 2/17/19 2/20/20 3/1/21 2/21/22 3/2/23 3/26/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 27.99 28.05 27.6 30.96 68.55 59.1
EBITDA 1 9.368 9.889 10.94 11.85 43.27 12.65
EBIT 1 9.149 9.727 10.74 11.67 42.96 12.52
Operating Margin 32.68% 34.68% 38.91% 37.68% 62.67% 21.19%
Earnings before Tax (EBT) 1 9.055 9.626 10.63 11.55 42.52 12.4
Net income 1 8.97 9.539 10.53 11.43 42.09 12.12
Net margin 32.05% 34.01% 38.15% 36.92% 61.39% 20.52%
EPS 2 0.0485 0.0516 0.0570 0.0619 0.2277 0.0656
Free Cash Flow 1 10.03 1.731 12.58 14.67 31.56 12.84
FCF margin 35.85% 6.17% 45.57% 47.39% 46.04% 21.73%
FCF Conversion (EBITDA) 107.11% 17.51% 114.95% 123.86% 72.94% 101.55%
FCF Conversion (Net income) 111.86% 18.15% 119.45% 128.35% 75% 105.92%
Dividend per Share 2 0.0250 0.0300 0.0300 0.0330 0.0400 0.0400
Announcement Date 2/17/19 2/20/20 3/1/21 2/21/22 3/2/23 3/26/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 4.41 5.87 4.75 8.35 14.4 15.5
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 10 1.73 12.6 14.7 31.6 12.8
ROE (net income / shareholders' equity) 12.2% 10% 9.96% 10.6% 34.1% 8.75%
ROA (Net income/ Total Assets) 3.41% 3.26% 3.42% 3.78% 13.1% 3.47%
Assets 1 263.3 292.9 308.2 302.3 321.5 349.4
Book Value Per Share 2 0.4200 0.6100 0.5300 0.6400 0.7000 0.7700
Cash Flow per Share 2 0.0200 0.0300 0.0300 0.0500 0.0800 0.0800
Capex 1 0.1 0.02 0.06 0.03 0.07 0.09
Capex / Sales 0.35% 0.06% 0.2% 0.11% 0.1% 0.15%
Announcement Date 2/17/19 2/20/20 3/1/21 2/21/22 3/2/23 3/26/24
1KWD in Million2KWD
Estimates
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