ARABIAN PIPES COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 183 SAR | +1.67% |
|
+5.29% | +43.42% |
| Mar. 13 | Arabian Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 05 | Arabian Pipes Company Logs Higher FY23 Profit, Revenue | MT |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 1,276 | 1,840 | - | - |
| Enterprise Value (EV) 1 | 1,276 | 1,944 | 1,813 | 1,678 |
| P/E ratio | 9.66 x | 12.6 x | 11.6 x | 10.9 x |
| Yield | - | - | - | - |
| Capitalization / Revenue | - | 1.57 x | 1.46 x | 1.38 x |
| EV / Revenue | - | 1.65 x | 1.44 x | 1.26 x |
| EV / EBITDA | - | 9.49 x | 8.56 x | 7.7 x |
| EV / FCF | - | 7.9 x | 14.2 x | 12.2 x |
| FCF Yield | - | 12.7% | 7.05% | 8.2% |
| Price to Book | - | 4.91 x | 3.45 x | 2.62 x |
| Nbr of stocks (in thousands) | 10,000 | 10,000 | - | - |
| Reference price 2 | 127.6 | 184.0 | 184.0 | 184.0 |
| Announcement Date | 3/13/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Net sales 1 | - | 1,174 | 1,257 | 1,334 |
| EBITDA 1 | - | 204.8 | 211.8 | 218 |
| EBIT 1 | - | 169.1 | 181.1 | 192 |
| Operating Margin | - | 14.4% | 14.4% | 14.4% |
| Earnings before Tax (EBT) 1 | - | 151 | 163 | 173.9 |
| Net income 1 | 132.1 | 146.5 | 158.1 | 168.7 |
| Net margin | - | 12.47% | 12.57% | 12.65% |
| EPS 2 | 13.21 | 14.65 | 15.81 | 16.87 |
| Free Cash Flow 1 | - | 245.9 | 127.8 | 137.6 |
| FCF margin | - | 20.94% | 10.16% | 10.32% |
| FCF Conversion (EBITDA) | - | 120.07% | 60.34% | 63.12% |
| FCF Conversion (Net income) | - | 167.85% | 80.83% | 81.56% |
| Dividend per Share | - | - | - | - |
| Announcement Date | 3/13/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Net Debt 1 | - | 104 | - | - |
| Net Cash position 1 | - | - | 26.9 | 162 |
| Leverage (Debt/EBITDA) | - | 0.5054 x | - | - |
| Free Cash Flow 1 | - | 246 | 128 | 138 |
| ROE (net income / shareholders' equity) | - | 48.2% | 34.8% | 27.3% |
| ROA (Net income/ Total Assets) | - | 15.3% | 14.8% | 14.3% |
| Assets 1 | - | 957.5 | 1,068 | 1,180 |
| Book Value Per Share 2 | - | 37.50 | 53.30 | 70.10 |
| Cash Flow per Share | - | - | - | - |
| Capex 1 | - | 31.7 | 33.9 | 36 |
| Capex / Sales | - | 2.7% | 2.7% | 2.7% |
| Announcement Date | 3/13/24 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
184
SAR
Average target price
208.3
SAR
Spread / Average Target
+13.21%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +43.42% | 491M | |
| -0.30% | 40.92B | |
| +19.32% | 25.03B | |
| -18.92% | 22.09B | |
| -5.04% | 21.33B | |
| +13.45% | 20.66B | |
| +7.20% | 9.7B | |
| -23.99% | 8.33B | |
| -14.20% | 8.22B | |
| +35.83% | 8.19B |
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