Financials Musharaka REIT Fund

Equities

4335

SA14BG523NL8

Specialized REITs

End-of-day quote Saudi Arabian S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
5.25 SAR -0.38% Intraday chart for Musharaka REIT Fund -3.31% -9.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022
Capitalization 1 733 835.1 865 873 778.8
Enterprise Value (EV) 1 857.7 1,160 1,265 1,357 1,539
P/E ratio 13.4 x 20.8 x 24 x 29.2 x 71.4 x
Yield - - 6.61% 6.05% 5.65%
Capitalization / Revenue 5.95 x 8.82 x 9.26 x 9.83 x 6.94 x
EV / Revenue 6.97 x 12.3 x 13.5 x 15.3 x 13.7 x
EV / EBITDA 9.23 x 18.9 x 21.7 x 23.6 x 21.9 x
EV / FCF - -5,004,946 x 24,227,804 x 29,212,357 x 23,574,783 x
FCF Yield - -0% 0% 0% 0%
Price to Book 0.86 x 0.92 x 0.98 x 1.02 x 0.95 x
Nbr of stocks (in thousands) 88,000 88,000 88,000 88,000 88,000
Reference price 2 8.330 9.490 9.830 9.920 8.850
Announcement Date 3/18/19 3/29/20 3/30/21 3/30/22 3/30/23
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022
Net sales 1 123.1 94.65 93.45 88.78 112.2
EBITDA 1 92.88 61.34 58.38 57.41 70.42
EBIT 1 72.36 46.31 42.61 40.92 49.02
Operating Margin 58.78% 48.93% 45.59% 46.09% 43.69%
Earnings before Tax (EBT) 1 54.87 40.09 36.08 31.83 8.941
Net income 1 54.87 40.09 36.08 29.87 10.9
Net margin 44.57% 42.35% 38.6% 33.64% 9.71%
EPS 2 0.6235 0.4555 0.4100 0.3394 0.1239
Free Cash Flow - -231.7 52.22 46.45 65.28
FCF margin - -244.78% 55.88% 52.32% 58.17%
FCF Conversion (EBITDA) - - 89.46% 80.91% 92.69%
FCF Conversion (Net income) - - 144.76% 155.53% 598.84%
Dividend per Share - - 0.6500 0.6000 0.5000
Announcement Date 3/18/19 3/29/20 3/30/21 3/30/22 3/30/23
1SAR in Million2SAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022
Net Debt 1 125 324 400 484 760
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) 1.342 x 5.289 x 6.855 x 8.431 x 10.79 x
Free Cash Flow - -232 52.2 46.5 65.3
ROE (net income / shareholders' equity) - 4.57% 4.03% 3.43% 1.3%
ROA (Net income/ Total Assets) - 2.48% 2.03% 1.83% 1.98%
Assets 1 - 1,615 1,780 1,633 551.3
Book Value Per Share 2 9.640 10.30 10.00 9.760 9.280
Cash Flow per Share 2 0.4000 0.1500 0.5100 0.6600 0.3600
Capex - - - - -
Capex / Sales - - - - -
Announcement Date 3/18/19 3/29/20 3/30/21 3/30/22 3/30/23
1SAR in Million2SAR
Estimates
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