Financials Qatar Fuel Company Q.P.S.C. ("WOQOD")

Equities

QFLS

QA0001200771

Oil & Gas Refining and Marketing

End-of-day quote Qatar Exchange Other stock markets 06:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
14.69 ^QAR	+2.01%		+1.31%	-11.40%

Apr. 30	Transcript : Qatar Fuel Company Q.P.S.C. ("WOQOD"), Q1 2024 Earnings Call, Apr 30, 2024
Apr. 29	Qatar Fuel Company Q.P.S.C. ("WOQOD") Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
Capitalization ¹	22,768	18,573	18,175	16,485	14,606	-	-
Enterprise Value (EV) ¹	22,768	18,573	16,418	13,190	11,743	11,546	11,344
P/E ratio	18.8 x	26.3 x	18.7 x	16.7 x	13 x	13.2 x	12.8 x
Yield	3.49%	2.46%	4.16%	-	7.28%	6.99%	7.26%
Capitalization / Revenue	1.01 x	1.4 x	0.93 x	0.59 x	0.5 x	0.5 x	0.48 x
EV / Revenue	1.01 x	1.4 x	0.84 x	0.47 x	0.41 x	0.39 x	0.38 x
EV / EBITDA	21.9 x	29.4 x	18 x	17.8 x	10 x	9.98 x	9.59 x
EV / FCF	238,908,490 x	-46,232,942 x	12,532,112 x	-	-	-	-
FCF Yield	0%	-0%	0%	-	-	-	-
Price to Book	-	-	-	1.77 x	1.68 x	1.59 x	1.56 x
Nbr of stocks (in thousands)	994,256	994,256	994,256	994,256	994,256	-	-
Reference price ²	22.90	18.68	18.28	16.58	14.69	14.69	14.69
Announcement Date	2/1/20	1/22/21	2/27/22	3/14/24	-	-	-

¹QAR in Million²QAR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
Net sales ¹	22,446	13,245	19,531	27,933	28,977	29,237	30,214
EBITDA ¹	1,041	631.8	910.3	742.2	1,171	1,156	1,183
EBIT ¹	831.7	374.7	-	543.6	942	913.9	938.1
Operating Margin	3.71%	2.83%	-	1.95%	3.25%	3.13%	3.1%
Earnings before Tax (EBT)	-	-	1,002	-	-	-	-
Net income	1,216	707.4	974	-	-	-	-
Net margin	5.42%	5.34%	4.99%	-	-	-	-
EPS ²	1.220	0.7100	0.9800	0.9900	1.129	1.113	1.150
Free Cash Flow	95.3	-401.7	1,310	-	-	-	-
FCF margin	0.42%	-3.03%	6.71%	-	-	-	-
FCF Conversion (EBITDA)	9.16%	-	143.91%	-	-	-	-
FCF Conversion (Net income)	7.83%	-	134.5%	-	-	-	-
Dividend per Share ²	0.8000	0.4600	0.7600	-	1.070	1.026	1.066
Announcement Date	2/1/20	1/22/21	2/27/22	3/14/24	-	-	-

¹QAR in Million²QAR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2023 Q2	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	5,346	-	7,390	7,442	6,832
EBITDA	-	-	-	-	-
EBIT	-	-	-	-	-
Operating Margin	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-
Net income	229.7	217	-	-	-
Net margin	4.3%	-	-	-	-
EPS	0.2300	0.2200	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	10/21/21	7/19/23	10/18/23	3/14/24	4/29/24

¹QAR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	1,757	3,295	2,863	3,059	3,262
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	95.3	-402	1,310	-	-	-	-
ROE (net income / shareholders' equity)	14.7%	8.36%	-	10.6%	13.4%	12%	12.2%
ROA (Net income/ Total Assets)	9.21%	5.78%	-	6.79%	8.2%	7.9%	7.9%
Assets	13,214	12,244	-	-	-	-	-
Book Value Per Share ²	-	-	-	9.360	8.740	9.270	9.390
Cash Flow per Share ²	-	-	-	1.140	1.090	1.460	1.490
Capex ¹	658	265	146	137	200	207	213
Capex / Sales	2.93%	2%	0.75%	0.49%	0.69%	0.71%	0.71%
Announcement Date	2/1/20	1/22/21	2/27/22	3/14/24	-	-	-

¹QAR in Million²QAR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Qatar Fuel Company Q.P.S.C. ("WOQOD")

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.69 QAR

Average target price

18.26 QAR

Spread / Average Target

+24.34%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Petroleum Product Wholesale

	1st Jan change	Capi.
QATAR FUEL COMPANY Q.P.S.C. ("WOQOD")	-11.40%	4.01B
PTT OIL AND RETAIL BUSINESS	-4.71%	5.94B
PETRONAS DAGANGAN	-1.74%	4.5B
VIVA ENERGY GROUP LIMITED	-0.29%	3.65B
AMERIGAS PARTNERS, L.P.	+23.40%	3.23B
PT AKR CORPORINDO TBK	+12.54%	2.04B
GLOBAL PARTNERS LP	+3.97%	1.49B
WORLD KINECT CORPORATION	+8.30%	1.48B
ITOCHU ENEX CO.,LTD.	+2.60%	1.14B
SK GAS CO., LTD.	+9.19%	1.06B

Petroleum Product Wholesale