Financials Qatar Aluminium Manufacturing Company Q.P.S.C.

Equities

QAMC

QA000M2522L9

Aluminum

End-of-day quote Qatar Exchange 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
1.416 QAR +0.28% Intraday chart for Qatar Aluminium Manufacturing Company Q.P.S.C. -1.87% +1.14%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,396 10,050 8,482 7,812 7,901 - -
Enterprise Value (EV) 1 5,396 10,050 8,482 7,812 8,520 7,309 7,149
P/E ratio 56.9 x 12 x 9.21 x 17.5 x 15.3 x 14.4 x 15.6 x
Yield 1.03% 4.44% - 5% 5.16% 6.21% 5.72%
Capitalization / Revenue 1.23 x - - - 4.95 x 4.95 x 4.95 x
EV / Revenue 1.23 x - - - 5.34 x 4.58 x 4.48 x
EV / EBITDA 8.28 x 7.31 x 5.82 x 8.02 x 8.34 x 7.12 x 6.91 x
EV / FCF - -548 x -217 x - 14 x 10.6 x 11.1 x
FCF Yield - -0.18% -0.46% - 7.12% 9.47% 9.01%
Price to Book - 1.57 x 1.24 x 1.16 x 1.15 x 1.14 x 1.13 x
Nbr of stocks (in thousands) 5,580,120 5,580,120 5,580,120 5,580,120 5,580,120 - -
Reference price 2 0.9670 1.801 1.520 1.400 1.416 1.416 1.416
Announcement Date 2/15/21 2/3/22 2/2/23 2/4/24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,394 - - - 1,596 1,596 1,596
EBITDA 1 652 1,374 1,456 974.5 1,022 1,027 1,034
EBIT 1 400.2 823 893.3 382.6 580 559 574
Operating Margin 9.11% - - - 36.33% 35.01% 35.95%
Earnings before Tax (EBT) 1 - 834.5 919.1 446 507.5 536 494.5
Net income 1 94.72 834.5 919.1 446 507.5 570.9 494.5
Net margin 2.16% - - - 31.79% 35.76% 30.97%
EPS 2 0.0170 0.1500 0.1650 0.0800 0.0925 0.0980 0.0910
Free Cash Flow 1 - -18.32 -39.17 - 606.5 692 644.5
FCF margin - - - - 37.99% 43.34% 40.37%
FCF Conversion (EBITDA) - - - - 59.34% 67.38% 62.33%
FCF Conversion (Net income) - - - - 119.51% 121.21% 130.33%
Dividend per Share 2 0.0100 0.0800 - 0.0700 0.0730 0.0880 0.0810
Announcement Date 2/15/21 2/3/22 2/2/23 2/4/24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 - - - - - 736 849 - -
EBITDA 1 360.3 - - - - - - - 234.7
EBIT - - - - 107.5 223 275 - -
Operating Margin - - - - - 30.3% 32.39% - -
Earnings before Tax (EBT) - - - - - - - - -
Net income 1 233 239.6 239.6 192 116 92.62 - 113.7 92.48
Net margin - - - - - 12.58% - - -
EPS - 0.0430 - - - 0.0170 - 0.0200 -
Dividend per Share - - - - - - - - -
Announcement Date 10/24/21 4/27/22 8/7/22 10/24/22 2/2/23 5/7/23 8/16/23 10/30/23 2/4/24
1QAR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 619 - -
Net Cash position 1 - - - - - 592 752
Leverage (Debt/EBITDA) - - - - 0.6057 x - -
Free Cash Flow 1 - -18.3 -39.2 - 607 692 645
ROE (net income / shareholders' equity) 1.65% 13.8% 13.9% 6.57% 7.45% 7.75% 7.15%
ROA (Net income/ Total Assets) 1.64% 13.6% 13.7% 6.46% 7% 6.8% 6.7%
Assets 1 5,775 6,122 6,686 6,899 7,250 8,396 7,381
Book Value Per Share 2 - 1.150 1.220 1.210 1.230 1.240 1.250
Cash Flow per Share - - - - - - -
Capex 1 - - - - 348 361 356
Capex / Sales - - - - 21.8% 22.61% 22.3%
Announcement Date 2/15/21 2/3/22 2/2/23 2/4/24 - - -
1QAR in Million2QAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
1.416 QAR
Average target price
1.517 QAR
Spread / Average Target
+7.11%
Consensus
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