Financials Musandam Power Company SAOG

Equities

MSPW

OM0000007811

Electric Utilities

End-of-day quote Muscat Exchange 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
0.288 OMR 0.00% Intraday chart for Musandam Power Company SAOG 0.00% -7.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 21.4 21.54 21.12 21.82 21.82
Enterprise Value (EV) 1 82.42 84.66 81.41 80.74 75.6
P/E ratio 8.11 x 9.22 x 6.82 x 8.24 x 11.2 x
Yield 4.54% 9.02% 9.2% 9.61% 8.9%
Capitalization / Revenue 1.19 x 1.22 x 1.16 x 1.18 x 1.16 x
EV / Revenue 4.57 x 4.79 x 4.48 x 4.37 x 4.04 x
EV / EBITDA 10.7 x 10.7 x 9.41 x 9.92 x 10.3 x
EV / FCF 11 x -59.9 x 23.5 x 34.1 x 12.1 x
FCF Yield 9.09% -1.67% 4.25% 2.94% 8.24%
Price to Book 2.23 x 2.16 x 1.9 x 1.87 x 1.87 x
Nbr of stocks (in thousands) 70,390 70,390 70,390 70,390 70,390
Reference price 2 0.3040 0.3060 0.3000 0.3100 0.3100
Announcement Date 2/12/20 2/9/21 2/16/22 2/7/23 2/12/24
1OMR in Million2OMR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 16.5 18.02 17.66 18.18 18.47 18.73
EBITDA 1 8.016 7.675 7.905 8.652 8.139 7.363
EBIT 1 6.403 5.668 5.91 6.667 6.147 5.362
Operating Margin 38.82% 31.46% 33.47% 36.68% 33.27% 28.63%
Earnings before Tax (EBT) 1 4.735 3.228 2.795 3.641 3.12 2.28
Net income 1 3.721 2.637 2.335 3.095 2.647 1.945
Net margin 22.56% 14.64% 13.22% 17.03% 14.33% 10.38%
EPS 2 0.0529 0.0375 0.0332 0.0440 0.0376 0.0276
Free Cash Flow 1 -9.426 7.493 -1.412 3.46 2.37 6.226
FCF margin -57.14% 41.59% -8% 19.03% 12.83% 33.24%
FCF Conversion (EBITDA) - 97.63% - 39.99% 29.12% 84.57%
FCF Conversion (Net income) - 284.14% - 111.78% 89.54% 320.17%
Dividend per Share - 0.0138 0.0276 0.0276 0.0298 0.0276
Announcement Date 10/14/19 2/12/20 2/9/21 2/16/22 2/7/23 2/12/24
1OMR in Million2OMR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 65.9 61 63.1 60.3 58.9 53.8
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.223 x 7.95 x 7.984 x 6.969 x 7.239 x 7.305 x
Free Cash Flow 1 -9.43 7.49 -1.41 3.46 2.37 6.23
ROE (net income / shareholders' equity) 37% 25.3% 23.9% 29.3% 23.2% 16.6%
ROA (Net income/ Total Assets) 4.34% 3.8% 3.99% 4.58% 4.03% 4%
Assets 1 85.83 69.44 58.56 67.61 65.74 48.67
Book Value Per Share 2 0.1600 0.1400 0.1400 0.1600 0.1700 0.1700
Cash Flow per Share 2 0.1000 0.1200 0 0.0200 0.0200 0.0100
Capex 1 0.01 0.07 0.04 0.1 0.03 0.04
Capex / Sales 0.04% 0.38% 0.23% 0.56% 0.17% 0.21%
Announcement Date 10/14/19 2/12/20 2/9/21 2/16/22 2/7/23 2/12/24
1OMR in Million2OMR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.288 OMR
Average target price
0.34 OMR
Spread / Average Target
+18.06%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. MSPW Stock
  4. Financials Musandam Power Company SAOG