SAUDI CERAMIC COMPANY |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 34.3 SAR | -0.58% |
|
-3.65% | +24.50% |
| Mar. 31 | Saudi Ceramic Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 24 | Saudi Ceramic Co. Board Recommends Capital Increase through Bonus Shares | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,175 | 2,637 | 4,394 | 2,277 | 2,197 | 2,743 | - | - |
| Enterprise Value (EV) 1 | 3,223 | 3,319 | 4,394 | 2,783 | 2,197 | 3,469 | 3,430 | 2,743 |
| P/E ratio | 302 x | 36.6 x | 18.8 x | 13.1 x | - | 24.3 x | 16.2 x | 13.4 x |
| Yield | - | - | 2.72% | 3.5% | - | 1.46% | 2.92% | 2.92% |
| Capitalization / Revenue | 1.76 x | 1.74 x | 2.86 x | 1.53 x | 1.67 x | 1.94 x | 1.79 x | 1.64 x |
| EV / Revenue | 2.61 x | 2.19 x | 2.86 x | 1.87 x | 1.67 x | 2.46 x | 2.24 x | 1.64 x |
| EV / EBITDA | 15.5 x | 12.8 x | 11.4 x | 8.8 x | 17.7 x | 12.1 x | 9.88 x | - |
| EV / FCF | 75.4 x | 8.97 x | - | 27.5 x | - | 38.3 x | 43.1 x | - |
| FCF Yield | 1.33% | 11.1% | - | 3.63% | - | 2.61% | 2.32% | - |
| Price to Book | 1.67 x | 1.92 x | - | 1.28 x | - | - | - | - |
| Nbr of stocks (in thousands) | 80,000 | 73,333 | 79,750 | 79,750 | 79,750 | 79,973 | - | - |
| Reference price 2 | 27.19 | 35.96 | 55.10 | 28.55 | 27.55 | 34.30 | 34.30 | 34.30 |
| Announcement Date | 2/25/20 | 2/16/21 | 2/21/22 | 3/2/23 | 3/24/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,235 | 1,516 | 1,535 | 1,485 | 1,315 | 1,411 | 1,528 | 1,672 |
| EBITDA 1 | 207.6 | 259 | 384.7 | 316.3 | 124.1 | 286 | 347 | - |
| EBIT 1 | 74.26 | 126.6 | 254.3 | 184.8 | -263.9 | 139 | 159 | - |
| Operating Margin | 6.01% | 8.35% | 16.57% | 12.44% | -20.07% | 9.85% | 10.4% | - |
| Earnings before Tax (EBT) 1 | 25.72 | 102.2 | - | 194.4 | - | 64 | 132 | - |
| Net income 1 | 7.15 | 77.7 | 233.8 | 173.9 | -210.4 | 113 | 143.5 | 205 |
| Net margin | 0.58% | 5.13% | 15.23% | 11.71% | -16% | 8.01% | 9.39% | 12.26% |
| EPS 2 | 0.0900 | 0.9825 | 2.930 | 2.180 | - | 1.410 | 2.120 | 2.560 |
| Free Cash Flow 1 | 42.77 | 370 | - | 101.1 | - | 90.6 | 79.5 | - |
| FCF margin | 3.46% | 24.41% | - | 6.81% | - | 6.42% | 5.2% | - |
| FCF Conversion (EBITDA) | 20.6% | 142.85% | - | 31.97% | - | 31.68% | 22.91% | - |
| FCF Conversion (Net income) | 598.14% | 476.19% | - | 58.14% | - | 80.18% | 55.4% | - |
| Dividend per Share 2 | - | - | 1.500 | 1.000 | - | 0.5000 | 1.000 | 1.000 |
| Announcement Date | 2/25/20 | 2/16/21 | 2/21/22 | 3/2/23 | 3/24/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 360.1 | 378.2 | 396.2 | 338.8 | 366.6 | 383.4 | 368.9 | 253 | 311.6 | 381.3 | 313 |
| EBITDA | 162.1 | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | 37.92 | - | 47.37 | 20.93 | - | - | - | - |
| Operating Margin | - | - | - | 11.19% | - | 12.35% | 5.67% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 47.11 | 51.29 | 37.97 | 42.78 | 41.88 | 14.71 | 33.29 | -168.6 | - | - |
| Net margin | - | 12.46% | 12.95% | 11.21% | 11.67% | 10.92% | 3.99% | 13.16% | -54.09% | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/26/21 | 2/21/22 | 4/28/22 | 8/2/22 | 10/24/22 | 3/2/23 | 4/17/23 | 7/25/23 | 11/19/23 | 3/24/24 | - |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,048 | 681 | - | 506 | - | 726 | 687 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.05 x | 2.63 x | - | 1.6 x | - | 2.538 x | 1.98 x | - |
| Free Cash Flow 1 | 42.8 | 370 | - | 101 | - | 90.6 | 79.5 | - |
| ROE (net income / shareholders' equity) | 0.51% | 4.87% | 14.8% | 10.2% | -12.9% | 7.24% | 8.8% | 11.3% |
| ROA (Net income/ Total Assets) | 0.24% | 2.7% | 8.32% | - | - | 2% | 4% | - |
| Assets 1 | 2,928 | 2,874 | 2,811 | - | - | 5,650 | 3,588 | - |
| Book Value Per Share | 16.30 | 18.70 | - | 22.40 | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 19.3 | 36.2 | 136 | 88.4 | - | 154 | 161 | - |
| Capex / Sales | 1.57% | 2.39% | 8.86% | 5.95% | - | 10.91% | 10.53% | - |
| Announcement Date | 2/25/20 | 2/16/21 | 2/21/22 | 3/2/23 | 3/24/24 | - | - | - |
1SAR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
34.3
SAR
Average target price
30.67
SAR
Spread / Average Target
-10.59%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +24.50% | 731M | |
| +12.87% | 40.33B | |
| +3.17% | 30.34B | |
| +12.41% | 22.89B | |
| +28.21% | 19.09B | |
| +4.28% | 15.38B | |
| +9.35% | 9.84B | |
| -2.57% | 9.32B | |
| +10.03% | 7.75B | |
| -12.31% | 7.37B |
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