Financials Afaq For Energy Co. P.L.C

Equities

MANE

JO3128611014

Oil & Gas Refining and Marketing

End-of-day quote Amman S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
1.75 JOD +1.16% Intraday chart for Afaq For Energy Co. P.L.C -1.69% -6.91%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 207.9 127.6 117.7 154 202.4 206.8
Enterprise Value (EV) 1 387.2 289.4 275.3 313.3 401.3 314.1
P/E ratio 19.9 x 8.53 x -10.8 x 6.64 x 6.42 x 9.24 x
Yield 3.97% 10.3% - 5.71% - 5.32%
Capitalization / Revenue 0.21 x 0.14 x 0.19 x 0.18 x 0.19 x 0.19 x
EV / Revenue 0.39 x 0.33 x 0.45 x 0.38 x 0.37 x 0.28 x
EV / EBITDA 10.7 x 6.39 x 16.6 x 5.66 x 5.79 x 5.46 x
EV / FCF 51.4 x 9.3 x 10.7 x -122 x -11.5 x 2.71 x
FCF Yield 1.95% 10.8% 9.34% -0.82% -8.66% 36.9%
Price to Book 1.45 x 0.85 x 0.93 x 1.03 x 1.18 x 1.24 x
Nbr of stocks (in thousands) 110,000 110,000 110,000 110,000 110,000 110,000
Reference price 2 1.890 1.160 1.070 1.400 1.840 1.880
Announcement Date 4/2/19 5/31/20 3/31/21 3/31/22 4/5/23 3/31/24
1JOD in Million2JOD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 997.3 890.1 616.8 834.3 1,075 1,107
EBITDA 1 36.31 45.32 16.54 55.31 69.36 57.53
EBIT 1 24.15 32.13 2.99 41.96 56.02 46.07
Operating Margin 2.42% 3.61% 0.48% 5.03% 5.21% 4.16%
Earnings before Tax (EBT) 1 12.59 18.1 -9.597 29.88 40.53 28.49
Net income 1 10.44 14.93 -10.99 23.22 31.51 22.38
Net margin 1.05% 1.68% -1.78% 2.78% 2.93% 2.02%
EPS 2 0.0950 0.1360 -0.0990 0.2110 0.2864 0.2035
Free Cash Flow 1 7.538 31.12 25.71 -2.563 -34.75 115.9
FCF margin 0.76% 3.5% 4.17% -0.31% -3.23% 10.47%
FCF Conversion (EBITDA) 20.76% 68.67% 155.5% - - 201.42%
FCF Conversion (Net income) 72.17% 208.5% - - - 517.72%
Dividend per Share 2 0.0750 0.1200 - 0.0800 - 0.1000
Announcement Date 4/2/19 5/31/20 3/31/21 3/31/22 4/5/23 3/31/24
1JOD in Million2JOD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 179 162 158 159 199 107
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.938 x 3.57 x 9.53 x 2.88 x 2.867 x 1.865 x
Free Cash Flow 1 7.54 31.1 25.7 -2.56 -34.8 116
ROE (net income / shareholders' equity) 7.09% 10% -7.72% 16.5% 19.2% 13%
ROA (Net income/ Total Assets) 3.3% 4.12% 0.37% 5.09% 6.09% 4.75%
Assets 1 316.3 362.3 -2,944 456.6 517.3 470.8
Book Value Per Share 2 1.310 1.370 1.150 1.360 1.560 1.520
Cash Flow per Share 2 0.2200 0.2700 0.1500 0.1200 0.1500 0.1300
Capex 1 10.8 9.32 6.82 8.37 8.12 10.9
Capex / Sales 1.09% 1.05% 1.1% 1% 0.76% 0.98%
Announcement Date 4/2/19 5/31/20 3/31/21 3/31/22 4/5/23 3/31/24
1JOD in Million2JOD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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