Financials Injazzat Real Estate Development Company K.P.S.C.

Equities

INJAZZAT

KW0EQ0400774

Real Estate Development & Operations

End-of-day quote Kuwait S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
0.098 KWD -0.51% Intraday chart for Injazzat Real Estate Development Company K.P.S.C. +5.15% +12.64%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 28.95 26.83 24.89 33.85 27.03 29.44
Enterprise Value (EV) 1 52.62 56.28 54.76 61.31 58.52 58.34
P/E ratio 7.21 x -3.9 x 30 x 11.6 x 9.21 x 12.5 x
Yield 8.14% - - 5% 6.26% 5.75%
Capitalization / Revenue 3.03 x 4.02 x 4.73 x 5.36 x 3.11 x 4.81 x
EV / Revenue 5.52 x 8.44 x 10.4 x 9.71 x 6.74 x 9.54 x
EV / EBITDA 7.63 x 13.8 x 17.3 x 17.5 x 10.3 x 16.3 x
EV / FCF 13.4 x 78.4 x 390 x 60 x -10.8 x 4.79 x
FCF Yield 7.47% 1.28% 0.26% 1.67% -9.25% 20.9%
Price to Book 0.47 x 0.51 x 0.47 x 0.6 x 0.46 x 0.5 x
Nbr of stocks (in thousands) 336,605 335,362 334,151 338,531 338,341 338,341
Reference price 2 0.0860 0.0800 0.0745 0.1000 0.0799 0.0870
Announcement Date 2/3/19 3/3/20 3/9/21 2/23/22 2/7/23 2/11/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9.54 6.666 5.258 6.316 8.683 6.118
EBITDA 1 6.897 4.08 3.169 3.501 5.674 3.572
EBIT 1 6.88 4.052 3.124 3.456 5.629 3.533
Operating Margin 72.11% 60.78% 59.41% 54.72% 64.82% 57.74%
Earnings before Tax (EBT) 1 4.12 -6.893 0.8407 2.877 2.97 2.37
Net income 1 4.015 -6.893 0.8315 2.846 2.937 2.349
Net margin 42.08% -103.41% 15.81% 45.06% 33.83% 38.39%
EPS 2 0.0119 -0.0205 0.002483 0.008596 0.008679 0.006941
Free Cash Flow 1 3.931 0.7183 0.1405 1.021 -5.412 12.18
FCF margin 41.2% 10.78% 2.67% 16.17% -62.32% 199.14%
FCF Conversion (EBITDA) 56.99% 17.61% 4.44% 29.16% - 341.11%
FCF Conversion (Net income) 97.91% - 16.9% 35.88% - 518.79%
Dividend per Share 2 0.007000 - - 0.005000 0.005000 0.005000
Announcement Date 2/3/19 3/3/20 3/9/21 2/23/22 2/7/23 2/11/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 23.7 29.5 29.9 27.5 31.5 28.9
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.433 x 7.218 x 9.427 x 7.842 x 5.55 x 8.092 x
Free Cash Flow 1 3.93 0.72 0.14 1.02 -5.41 12.2
ROE (net income / shareholders' equity) 6.55% -12.1% 1.58% 5.18% 5.12% 4.01%
ROA (Net income/ Total Assets) 3.82% 2.4% 1.95% 2.09% 3.32% 2.11%
Assets 1 105.2 -287.6 42.71 135.9 88.53 111.2
Book Value Per Share 2 0.1800 0.1600 0.1600 0.1700 0.1700 0.1700
Cash Flow per Share 2 0.0200 0.0100 0.0100 0.0200 0.0100 0.0200
Capex 1 0.08 - - - - -
Capex / Sales 0.82% - - - - -
Announcement Date 2/3/19 3/3/20 3/9/21 2/23/22 2/7/23 2/11/24
1KWD in Million2KWD
Estimates
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