Financials Safwa Islamic Bank

Equities

SIBK

JO1100612018

Banks

End-of-day quote Amman S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
2.05 JOD +0.49% Intraday chart for Safwa Islamic Bank +0.99% +5.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 112 136 140 191 192 194
Enterprise Value (EV) 1 41.55 -57.72 -152.1 -91.61 73.31 16.85
P/E ratio 13.4 x 13.6 x 13.8 x 13.6 x 12.7 x 11.1 x
Yield 6.25% - 4.29% 3.14% - -
Capitalization / Revenue 3 x 3.19 x 3.31 x 3.88 x 3.56 x 3.22 x
EV / Revenue 1.11 x -1.35 x -3.59 x -1.86 x 1.36 x 0.28 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.79 x 0.94 x 0.91 x 1.17 x 1.12 x 1.02 x
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 100,000 100,000
Reference price 2 1.120 1.360 1.400 1.910 1.920 1.940
Announcement Date 2/18/19 2/12/20 3/29/21 2/14/22 2/16/23 2/19/24
1JOD in Million2JOD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 37.33 42.7 42.31 49.18 53.93 60.24
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 13.07 17.2 15.83 22.82 24.42 28.32
Net income 1 8.351 10.02 10.17 14.06 15.11 17.51
Net margin 22.37% 23.46% 24.03% 28.59% 28.02% 29.07%
EPS 2 0.0835 0.1002 0.1017 0.1406 0.1511 0.1751
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0700 - 0.0600 0.0600 - -
Announcement Date 2/18/19 2/12/20 3/29/21 2/14/22 2/16/23 2/19/24
1JOD in Million2JOD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 70.5 194 292 283 119 177
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 5.98% 7.01% 6.8% 8.86% 9.04% 9.7%
ROA (Net income/ Total Assets) 0.8% 0.75% 0.6% 0.68% 0.61% 0.64%
Assets 1 1,040 1,339 1,689 2,078 2,460 2,757
Book Value Per Share 2 1.410 1.440 1.550 1.630 1.720 1.890
Cash Flow per Share 2 0.7000 2.000 2.990 2.900 1.290 1.870
Capex 1 4.93 2.01 1.47 2 1.33 1.82
Capex / Sales 13.21% 4.7% 3.48% 4.07% 2.46% 3.02%
Announcement Date 2/18/19 2/12/20 3/29/21 2/14/22 2/16/23 2/19/24
1JOD in Million2JOD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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