Financials Oman United Insurance Company SAOG

Equities

OUIC

OM0000001087

Property & Casualty Insurance

End-of-day quote Muscat Exchange 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
0.24 OMR -.--% Intraday chart for Oman United Insurance Company SAOG -.--% -11.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 30.4 31.4 40 37.6 30 27
Enterprise Value (EV) 1 29.51 31.13 40.83 37.15 29.98 27.65
P/E ratio 9.7 x 9.22 x 9.4 x 9.5 x 10.9 x 10.2 x
Yield 9.87% 9.55% 8.75% 9.31% 11.7% 9.26%
Capitalization / Revenue 1.21 x 1.46 x 1.95 x 1.75 x 1.41 x 1.22 x
EV / Revenue 1.17 x 1.45 x 1.99 x 1.73 x 1.41 x 1.25 x
EV / EBITDA 6.69 x 6.46 x 7.27 x 7.45 x 8.85 x 8.96 x
EV / FCF 6.61 x 3.56 x -37.9 x 20.1 x -31.1 x 2.56 x
FCF Yield 15.1% 28.1% -2.64% 4.98% -3.22% 39.1%
Price to Book 1.07 x 1.07 x 1.31 x 1.22 x 0.99 x 0.96 x
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 100,000 100,000
Reference price 2 0.3040 0.3140 0.4000 0.3760 0.3000 0.2700
Announcement Date 3/3/19 3/1/20 2/22/21 2/28/22 2/28/23 2/27/24
1OMR in Million2OMR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 25.14 21.48 20.54 21.48 21.26 22.16
EBITDA 1 4.41 4.821 5.613 4.985 3.386 3.087
EBIT 1 4.061 4.434 5.221 4.663 3.083 2.795
Operating Margin 16.15% 20.64% 25.42% 21.71% 14.5% 12.61%
Earnings before Tax (EBT) 1 4.069 4.434 5.222 4.671 3.083 2.849
Net income 1 3.135 3.404 4.254 3.96 2.758 2.652
Net margin 12.47% 15.85% 20.72% 18.44% 12.97% 11.97%
EPS 2 0.0313 0.0340 0.0425 0.0396 0.0276 0.0265
Free Cash Flow 1 4.462 8.744 -1.077 1.849 -0.965 10.82
FCF margin 17.75% 40.7% -5.24% 8.61% -4.54% 48.81%
FCF Conversion (EBITDA) 101.18% 181.39% - 37.09% - 350.39%
FCF Conversion (Net income) 142.35% 256.85% - 46.69% - 407.88%
Dividend per Share 2 0.0300 0.0300 0.0350 0.0350 0.0350 0.0250
Announcement Date 3/3/19 3/1/20 2/22/21 2/28/22 2/28/23 2/27/24
1OMR in Million2OMR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 0.83 - - 0.65
Net Cash position 1 0.89 0.27 - 0.45 0.02 -
Leverage (Debt/EBITDA) - - 0.1482 x - - 0.2095 x
Free Cash Flow 1 4.46 8.74 -1.08 1.85 -0.97 10.8
ROE (net income / shareholders' equity) 10.9% 11.8% 14.2% 12.9% 9.04% 9.11%
ROA (Net income/ Total Assets) 2.37% 2.61% 3.06% 2.7% 1.77% 1.79%
Assets 1 132.4 130.4 139.2 146.8 155.6 148.1
Book Value Per Share 2 0.2800 0.2900 0.3000 0.3100 0.3000 0.2800
Cash Flow per Share 2 0.0100 0 0.0200 0.0100 0.0100 0.0100
Capex 1 0.08 0.37 0.4 0.3 0.18 0.27
Capex / Sales 0.33% 1.72% 1.97% 1.42% 0.87% 1.21%
Announcement Date 3/3/19 3/1/20 2/22/21 2/28/22 2/28/23 2/27/24
1OMR in Million2OMR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
0.24 OMR
Average target price
0.31 OMR
Spread / Average Target
+29.17%
Consensus

Chiffre d''affaires - Rate of surprise

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