MABANEE COMPANY K.P.S.C. Financials Mabanee Company K.P.S.C.
Equities
MABANEE
KW0EQ0400725
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.784 KWD | -0.76% |
|
+0.51% | -1.42% |
| Feb. 06 | Mabanee Company K.P.S.C. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Norwegian fund KLP excludes Aramco, Gulf real estate, telcos | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 940.6 | 726 | 928.9 | 1,053 | 1,110 | 1,093 | - |
| Enterprise Value (EV) 1 | 1,210 | 1,024 | 1,199 | 1,342 | 1,110 | 1,679 | 2,107 |
| P/E ratio | 16.7 x | 33.6 x | 16.8 x | 17.2 x | 17.1 x | 17.1 x | 17.2 x |
| Yield | 1.55% | 0.91% | 1.76% | 1.65% | - | 1.92% | 1.56% |
| Capitalization / Revenue | 9.76 x | 11.4 x | 9.24 x | 9.3 x | 8.58 x | 8.55 x | 8.45 x |
| EV / Revenue | 12.6 x | 16.1 x | 11.9 x | 11.9 x | 8.58 x | 13.1 x | 16.3 x |
| EV / EBITDA | 16.6 x | 25.4 x | 15.1 x | 15.3 x | 11.2 x | 17.5 x | 21.4 x |
| EV / FCF | 13,603,069 x | 69,838,790 x | 19,882,180 x | 17,550,054 x | - | - | - |
| FCF Yield | 0% | 0% | 0% | 0% | - | - | - |
| Price to Book | 1.99 x | 1.51 x | 1.75 x | 1.84 x | - | 1.63 x | 1.44 x |
| Nbr of stocks (in thousands) | 1,390,809 | 1,395,156 | 1,395,156 | 1,395,156 | 1,395,156 | 1,394,755 | - |
| Reference price 2 | 0.6763 | 0.5204 | 0.6658 | 0.7547 | 0.7953 | 0.7840 | 0.7840 |
| Announcement Date | 2/4/20 | 2/12/21 | 2/6/22 | 1/30/23 | 2/6/24 | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 96.36 | 63.55 | 100.5 | 113.2 | 129.3 | 127.8 | 129.4 |
| EBITDA 1 | 72.89 | 40.24 | 79.35 | 87.7 | 99.19 | 95.69 | 98.48 |
| EBIT 1 | 62.15 | 26.72 | 61.19 | 66.68 | 73.83 | 72.16 | 73.52 |
| Operating Margin | 64.5% | 42.04% | 60.87% | 58.89% | 57.09% | 56.45% | 56.84% |
| Earnings before Tax (EBT) | 59.33 | 22.96 | 58.5 | 64.33 | - | - | - |
| Net income | 56.41 | 21.59 | 55.41 | 61.08 | - | - | - |
| Net margin | 58.54% | 33.97% | 55.12% | 53.95% | - | - | - |
| EPS 2 | 0.0405 | 0.0155 | 0.0397 | 0.0438 | 0.0466 | 0.0460 | 0.0457 |
| Free Cash Flow | 88.93 | 14.66 | 60.31 | 76.48 | - | - | - |
| FCF margin | 92.29% | 23.07% | 60% | 67.55% | - | - | - |
| FCF Conversion (EBITDA) | 122.01% | 36.43% | 76.01% | 87.21% | - | - | - |
| FCF Conversion (Net income) | 157.65% | 67.9% | 108.86% | 125.22% | - | - | - |
| Dividend per Share 2 | 0.0105 | 0.004750 | 0.0118 | 0.0125 | - | 0.0151 | 0.0123 |
| Announcement Date | 2/4/20 | 2/12/21 | 2/6/22 | 1/30/23 | 2/6/24 | - | - |
1KWD in Million2KWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2023 Q1 | 2023 Q2 |
|---|---|---|---|---|---|
| Net sales 1 | 24.25 | 26.76 | 26.69 | - | 30.52 |
| EBITDA | - | - | - | - | - |
| EBIT 1 | 15.98 | 15.95 | 15.58 | - | 17.05 |
| Operating Margin | 65.92% | 59.58% | 58.36% | - | 55.85% |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income 1 | 14.2 | 14.75 | 14.52 | 15.86 | 15.88 |
| Net margin | 58.56% | 55.12% | 54.39% | - | 52.03% |
| EPS | - | - | - | 0.0114 | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/6/22 | 5/10/22 | 5/9/23 | 8/3/23 |
1KWD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 269 | 298 | 270 | 289 | - | 585 | 1,013 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.693 x | 7.397 x | 3.406 x | 3.299 x | - | 6.117 x | 10.29 x |
| Free Cash Flow | 88.9 | 14.7 | 60.3 | 76.5 | - | - | - |
| ROE (net income / shareholders' equity) | 12.6% | 4.53% | 11% | 11.1% | - | 9.91% | 8.81% |
| ROA (Net income/ Total Assets) | 6.17% | 2.24% | 5.4% | 5.5% | - | 4.1% | 3.3% |
| Assets | 913.9 | 965 | 1,025 | 1,110 | - | - | - |
| Book Value Per Share 2 | 0.3400 | 0.3400 | 0.3800 | 0.4100 | - | 0.4800 | 0.5400 |
| Cash Flow per Share 2 | - | - | - | - | - | 0.0700 | 0.0700 |
| Capex 1 | 0.21 | 19.6 | 24.1 | 9.54 | - | 305 | 505 |
| Capex / Sales | 0.22% | 30.77% | 24% | 8.43% | - | 238.61% | 390.38% |
| Announcement Date | 2/4/20 | 2/12/21 | 2/6/22 | 1/30/23 | 2/6/24 | - | - |
1KWD in Million2KWD
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
0.784
KWD
Average target price
0.8939
KWD
Spread / Average Target
+14.01%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -1.42% | 3.55B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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- Financials Mabanee Company K.P.S.C.
