Financials Malath Cooperative Insurance Company

Equities

8020

SA000A0MJ2J4

Property & Casualty Insurance

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
19.9 ^SAR	-1.29%		+7.22%	+14.24%

Apr. 03	Malath Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 21	Malath Cooperative Insurance Swings to Profit in FY23; Insurance Revenue Down	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	503	1,204	1,138	552	871	995	-
Enterprise Value (EV) ¹	503	1,204	1,138	552	871	995	995
P/E ratio	101 x	161 x	-13.3 x	-19.4 x	22.9 x	14.2 x	13.3 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	0.6 x	1.54 x	-	-	0.93 x	1.05 x	0.96 x
EV / Revenue	0.6 x	1.54 x	-	-	0.93 x	1.05 x	0.96 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.1 x	2.61 x	-	1.64 x	-	-	-
Nbr of stocks (in thousands)	50,000	50,000	50,000	50,000	50,000	50,000	-
Reference price ²	10.06	24.08	22.76	11.04	17.42	19.90	19.90
Announcement Date	3/16/20	3/17/21	3/13/22	3/31/23	3/21/24	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	835.2	781.6	-	-	934.7	948	1,040
EBITDA	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	17.45	87	104
Operating Margin	-	-	-	-	1.87%	9.18%	10%
Earnings before Tax (EBT) ¹	18.36	22.67	-	-18.03	47.19	-26	-32
Net income ¹	18.36	7.548	-88.88	-28.32	38.19	68	76
Net margin	2.2%	0.97%	-	-	4.09%	7.17%	7.31%
EPS ²	0.1000	0.1500	-1.710	-0.5700	0.7600	1.400	1.500
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	3/16/20	3/17/21	3/13/22	3/31/23	3/21/24	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	-	-	-	-	222.5	238
EBITDA	-	-	-	-	-	-
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	0.995	-	-	-
Net income ¹	-24.25	-7.186	-1.17	-22.94	8.798	22
Net margin	-	-	-	-	3.95%	9.24%
EPS	-0.4900	-0.1400	-	-0.4600	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	5/29/22	8/28/22	11/12/22	11/14/23	3/21/24	-

¹SAR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	4.01%	1.63%	-	-	9.94%	15.8%	15.2%
ROA (Net income/ Total Assets)	1.4%	0.56%	-	-	-	-	-
Assets ¹	1,313	1,347	-	-	-	-	-
Book Value Per Share	9.110	9.210	-	6.730	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	3/16/20	3/17/21	3/13/22	3/31/23	3/21/24	-	-

¹SAR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Malath Cooperative Insurance Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

19.9 SAR

Average target price

13.65 SAR

Spread / Average Target

-31.41%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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