SAUDI REINSURANCE COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 26 SAR | -2.62% |
|
+0.19% | +39.78% |
| Apr. 03 | Saudi Reinsurance Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 26 | Saudi Reinsurance FY23 Profit Jumps; Insurance Revenue Down | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 753.3 | 1,225 | 1,221 | 1,657 | 2,317 | - |
| Enterprise Value (EV) 1 | 753.3 | 1,225 | 1,221 | 1,657 | 2,317 | 2,317 |
| P/E ratio | 16.6 x | 26.5 x | 29.1 x | 13.3 x | 21.7 x | 20 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.12 x | 1.86 x | - | 2.64 x | 2.67 x | 2.26 x |
| EV / Revenue | 1.12 x | 1.86 x | - | 2.64 x | 2.67 x | 2.26 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 0.86 x | 1.33 x | - | - | - | - |
| Nbr of stocks (in thousands) | 89,100 | 89,100 | 89,100 | 89,100 | 89,100 | - |
| Reference price 2 | 8.455 | 13.75 | 13.70 | 18.60 | 26.00 | 26.00 |
| Announcement Date | 3/30/20 | 3/29/21 | 3/28/23 | 3/26/24 | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net sales 1 | 670 | 659.8 | - | 627.2 | 868 | 1,025 |
| EBITDA | - | - | - | - | - | - |
| EBIT | 58.11 | 52.85 | - | - | - | - |
| Operating Margin | 8.67% | 8.01% | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 55.12 | - | 158.6 | 130 | 136 |
| Net income 1 | 59.32 | 45.92 | 41.48 | 124.4 | 107 | 112 |
| Net margin | 8.85% | 6.96% | - | 19.84% | 12.33% | 10.93% |
| EPS 2 | 0.5100 | 0.5182 | 0.4700 | 1.400 | 1.200 | 1.300 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/30/20 | 3/29/21 | 3/28/23 | 3/26/24 | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|
| Net sales 1 | - | - | 82 |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | 34.07 | 19.19 | 15 |
| Net margin | - | - | 18.29% |
| EPS | 0.3800 | - | - |
| Dividend per Share | - | - | - |
| Announcement Date | 11/13/23 | 3/26/24 | - |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 6.94% | 5.11% | - | 11.5% | 8.9% | 8.6% |
| ROA (Net income/ Total Assets) | 2.32% | 1.72% | - | - | - | - |
| Assets 1 | 2,557 | 2,671 | - | - | - | - |
| Book Value Per Share | 9.820 | 10.40 | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 3/30/20 | 3/29/21 | 3/28/23 | 3/26/24 | - | - |
1SAR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
26
SAR
Average target price
21.3
SAR
Spread / Average Target
-18.08%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +39.78% | 618M | |
| +10.24% | 59.05B | |
| +6.52% | 29.66B | |
| +3.14% | 17.78B | |
| +4.14% | 2.05B | |
| -8.29% | 1.52B | |
| +5.54% | 968M | |
| -4.40% | 676M | |
| +5.52% | 427M | |
| +20.52% | 391M |
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