Financials Jet Contractors

Equities

JET

MA0000012080

Construction & Engineering

End-of-day quote Casablanca S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
559 MAD +1.64% Intraday chart for Jet Contractors +1.64% +119.22%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Capitalization 1 393.4 888 792 832.6 600.4 696.8
Enterprise Value (EV) 1 901.7 1,377 1,403 1,389 1,392 1,463
P/E ratio 12.2 x 8.51 x - 7.09 x 2,552 x 64.4 x
Yield 2.44% 1.62% 1.36% - - -
Capitalization / Revenue 0.37 x 0.72 x 0.48 x 0.49 x 0.41 x 0.41 x
EV / Revenue 0.85 x 1.11 x 0.85 x 0.81 x 0.95 x 0.87 x
EV / EBITDA 8.86 x 5.8 x 5.27 x 5.22 x 11.9 x 11.4 x
EV / FCF -8.14 x 32.7 x -7.45 x -10.4 x -6.25 x 101 x
FCF Yield -12.3% 3.06% -13.4% -9.61% -16% 0.99%
Price to Book 0.94 x 1.72 x - 0.89 x 0.65 x 0.72 x
Nbr of stocks (in thousands) 2,400 2,400 2,400 2,972 2,972 3,030
Reference price 2 163.9 370.0 330.0 280.1 202.0 230.0
Announcement Date 10/31/18 10/31/18 4/27/20 4/27/20 4/29/21 4/28/22
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 1,055 1,237 1,651 1,713 1,458 1,680
EBITDA 1 101.7 237.6 266.4 266.4 116.7 128.1
EBIT 1 101.6 225.6 260.3 245.3 95.69 97.56
Operating Margin 9.63% 18.23% 15.76% 14.32% 6.56% 5.81%
Earnings before Tax (EBT) 1 65.48 180.4 194.1 192.9 40.08 41.71
Net income 1 32.19 104.4 127 117.5 0.2353 10.81
Net margin 3.05% 8.44% 7.69% 6.86% 0.02% 0.64%
EPS 2 13.41 43.50 - 39.53 0.0792 3.569
Free Cash Flow 1 -110.8 42.16 -188.2 -133.6 -222.6 14.53
FCF margin -10.5% 3.41% -11.4% -7.8% -15.26% 0.86%
FCF Conversion (EBITDA) - 17.75% - - - 11.35%
FCF Conversion (Net income) - 40.38% - - - 134.41%
Dividend per Share 2 4.000 6.000 4.500 - - -
Announcement Date 10/31/18 10/31/18 4/27/20 4/27/20 4/29/21 4/28/22
1MAD in Million2MAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 508 489 611 557 791 766
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.997 x 2.06 x 2.293 x 2.091 x 6.78 x 5.984 x
Free Cash Flow 1 -111 42.2 -188 -134 -223 14.5
ROE (net income / shareholders' equity) 8.79% 23% 22.7% 15.5% 0.31% 1.33%
ROA (Net income/ Total Assets) 4.36% 8.19% 7.81% 5.98% 1.99% 1.9%
Assets 1 737.8 1,274 1,625 1,966 11.79 568.7
Book Value Per Share 2 174.0 215.0 - 313.0 313.0 318.0
Cash Flow per Share 2 7.400 8.220 - 6.390 55.70 39.30
Capex 1 36.8 20.8 124 54.8 50.7 24.7
Capex / Sales 3.49% 1.68% 7.52% 3.2% 3.48% 1.47%
Announcement Date 10/31/18 10/31/18 4/27/20 4/27/20 4/29/21 4/28/22
1MAD in Million2MAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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