ARABIAN CONTRACTING SERVICES COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 219 SAR | -2.67% |
|
+0.92% | -9.13% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,060 | 5,350 | 12,050 | 10,950 | - | - |
| Enterprise Value (EV) 1 | 5,060 | 6,800 | 14,903 | 14,092 | 15,706 | 14,916 |
| P/E ratio | 24.6 x | 19.5 x | 37.9 x | 30.9 x | 16.5 x | 14.7 x |
| Yield | - | - | 0.95% | 1.41% | 2.25% | 2.35% |
| Capitalization / Revenue | - | 4.75 x | 9.42 x | 5.4 x | 3.75 x | 3.15 x |
| EV / Revenue | - | 6.04 x | 11.6 x | 6.94 x | 5.37 x | 4.29 x |
| EV / EBITDA | - | 8.13 x | 16 x | 14.1 x | 9.08 x | 9.07 x |
| EV / FCF | - | 15.1 x | 56.4 x | 705 x | 234 x | 24.8 x |
| FCF Yield | - | 6.64% | 1.77% | 0.14% | 0.43% | 4.02% |
| Price to Book | - | - | 10.8 x | 8.14 x | 5.66 x | 4.53 x |
| Nbr of stocks (in thousands) | 50,000 | 50,000 | 50,000 | 50,000 | - | - |
| Reference price 2 | 101.2 | 107.0 | 241.0 | 219.0 | 219.0 | 219.0 |
| Announcement Date | 3/10/22 | 3/23/23 | 3/31/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,126 | 1,280 | 2,029 | 2,924 | 3,479 |
| EBITDA 1 | - | 836.4 | 929.8 | 998.6 | 1,729 | 1,644 |
| EBIT 1 | - | 384 | 451.8 | 551.7 | 828 | 929.7 |
| Operating Margin | - | 34.09% | 35.3% | 27.19% | 28.32% | 26.73% |
| Earnings before Tax (EBT) 1 | - | 395.9 | 345 | 424.2 | 706.6 | 801.7 |
| Net income 1 | 206.2 | 274.7 | 318.2 | 392.1 | 660.4 | 1,067 |
| Net margin | - | 24.39% | 24.86% | 19.32% | 22.59% | 30.69% |
| EPS 2 | 4.120 | 5.490 | 6.360 | 7.097 | 13.27 | 14.89 |
| Free Cash Flow 1 | - | 451.5 | 264.3 | 20 | 67 | 600.3 |
| FCF margin | - | 40.09% | 20.65% | 0.99% | 2.29% | 17.26% |
| FCF Conversion (EBITDA) | - | 53.98% | 28.42% | 2% | 3.87% | 36.51% |
| FCF Conversion (Net income) | - | 164.35% | 83.05% | 5.1% | 10.15% | 56.24% |
| Dividend per Share 2 | - | - | 2.300 | 3.082 | 4.920 | 5.150 |
| Announcement Date | 3/10/22 | 3/23/23 | 3/31/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 257.7 | 317.4 | 312.4 | 294.3 | 304 | 369.2 | 426.7 |
| EBITDA | 92.3 | 253.4 | - | - | - | - | - |
| EBIT 1 | - | - | - | - | - | 132.2 | 121 |
| Operating Margin | - | - | - | - | - | 35.81% | 28.36% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income 1 | - | - | 90.82 | 85.04 | 62.93 | 79.44 | 88.23 |
| Net margin | - | - | 29.08% | 28.89% | 20.7% | 21.52% | 20.68% |
| EPS 2 | - | - | 1.820 | 1.700 | 1.260 | 1.580 | 1.800 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 11/9/22 | 3/23/23 | 5/23/23 | 8/14/23 | 11/9/23 | 3/31/24 | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,450 | 2,853 | 3,142 | 4,756 | 3,966 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.734 x | 3.068 x | 3.146 x | 2.75 x | 2.412 x |
| Free Cash Flow 1 | - | 451 | 264 | 20 | 67 | 600 |
| ROE (net income / shareholders' equity) | - | 39.6% | 32.9% | 22.1% | 34.2% | 28.9% |
| ROA (Net income/ Total Assets) | - | 10.4% | 8.86% | 5.65% | 9.67% | 9.93% |
| Assets 1 | - | 2,633 | 3,594 | 6,941 | 6,832 | 10,748 |
| Book Value Per Share 2 | - | - | 22.30 | 26.90 | 38.70 | 48.30 |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex 1 | - | 49.1 | 83.5 | 300 | 302 | 218 |
| Capex / Sales | - | 4.36% | 6.52% | 14.78% | 10.33% | 6.28% |
| Announcement Date | 3/10/22 | 3/23/23 | 3/31/24 | - | - | - |
1SAR in Million2SAR
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
BUY
Number of Analysts
7
Last Close Price
219
SAR
Average target price
269.4
SAR
Spread / Average Target
+23.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.13% | 2.92B | |
| +17.21% | 3.77B | |
| -12.64% | 779M | |
| +9.84% | 664M | |
| -28.16% | 563M | |
| +22.54% | 507M | |
| -13.99% | 502M | |
| -7.07% | 79.31M | |
| -43.62% | 63.58M | |
| +11.24% | 59.96M |
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