SAUDI GROUND SERVICES COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 53.4 SAR | +4.30% |
|
+2.89% | +47.72% |
| May. 13 | Saudi Ground Services Co. Posts Rise in Q1 Net Profit, Revenue | MT |
| Apr. 15 | Saudi Ground Services Renews Ground Handling Services Contract with Flynas | MT |
Valuation
| Fiscal Period: December | 2019 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 6,599 | 6,796 | 9,945 | - | - |
| Enterprise Value (EV) 1 | 6,599 | 6,796 | 9,207 | 9,025 | 8,909 |
| P/E ratio | - | 32.3 x | 33.3 x | 28.8 x | 24.7 x |
| Yield | - | - | 1.81% | 2.4% | 2.87% |
| Capitalization / Revenue | 2.6 x | 2.76 x | 3.57 x | 3.18 x | 2.84 x |
| EV / Revenue | 2.6 x | 2.76 x | 3.3 x | 2.89 x | 2.55 x |
| EV / EBITDA | 11.6 x | 16.5 x | 18.7 x | 16.1 x | 13.7 x |
| EV / FCF | - | 34.1 x | 29.7 x | 23.8 x | 20.8 x |
| FCF Yield | - | 2.93% | 3.37% | 4.2% | 4.82% |
| Price to Book | - | 2.91 x | 3.81 x | 3.58 x | 3.38 x |
| Nbr of stocks (in thousands) | 188,000 | 188,000 | 188,000 | - | - |
| Reference price 2 | 35.10 | 36.15 | 53.40 | 53.40 | 53.40 |
| Announcement Date | 3/4/20 | 3/25/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | 2,540 | 2,459 | 2,786 | 3,124 | 3,500 |
| EBITDA 1 | 567.9 | 410.8 | 492 | 560 | 648.5 |
| EBIT 1 | 416 | 228.2 | 296 | 344 | 421.5 |
| Operating Margin | 16.38% | 9.28% | 10.62% | 11.01% | 12.04% |
| Earnings before Tax (EBT) 1 | - | 270.9 | 376 | 432 | 499 |
| Net income 1 | - | 211.5 | 302 | 349.5 | 406 |
| Net margin | - | 8.6% | 10.84% | 11.19% | 11.6% |
| EPS 2 | - | 1.120 | 1.605 | 1.855 | 2.160 |
| Free Cash Flow 1 | - | 199.4 | 310 | 379 | 429 |
| FCF margin | - | 8.11% | 11.13% | 12.13% | 12.26% |
| FCF Conversion (EBITDA) | - | 48.54% | 63.01% | 67.68% | 66.15% |
| FCF Conversion (Net income) | - | 94.29% | 102.65% | 108.44% | 105.67% |
| Dividend per Share 2 | - | - | 0.9650 | 1.280 | 1.535 |
| Announcement Date | 3/4/20 | 3/25/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 439.5 | 424.8 | 495.7 | 555.1 | 501.4 | 563.9 | 626.5 | 646.7 | 621.8 | 653.2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -26.17 | -20.62 | -11.27 | -19.78 | -68.33 | 40.41 | - | 64.3 | 69.03 | 75.27 |
| Operating Margin | -5.95% | -4.85% | -2.27% | -3.56% | -13.63% | 7.17% | - | 9.94% | 11.1% | 11.52% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | - | - | - | - | - | - | 61.62 | 71.16 |
| Net margin | - | - | - | - | - | - | - | - | 9.91% | 10.89% |
| EPS 2 | - | - | - | - | - | - | - | - | - | 0.3800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/29/22 | 5/24/22 | 8/25/22 | 11/7/22 | 3/31/23 | 5/23/23 | 8/14/23 | 11/7/23 | 3/25/24 | 5/13/24 |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - |
| Net Cash position 1 | - | - | 739 | 921 | 1,036 |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow 1 | - | 199 | 310 | 379 | 429 |
| ROE (net income / shareholders' equity) | 14.5% | 9.54% | 11.8% | 12.7% | 13.9% |
| ROA (Net income/ Total Assets) | 10.3% | 4.92% | 6.6% | 7% | 7.6% |
| Assets 1 | - | 4,301 | 4,576 | 4,993 | 5,342 |
| Book Value Per Share 2 | - | 12.40 | 14.00 | 14.90 | 15.80 |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | 82.1 | 143 | 96 | 108 | 120 |
| Capex / Sales | 3.23% | 5.8% | 3.45% | 3.46% | 3.43% |
| Announcement Date | 3/4/20 | 3/25/24 | - | - | - |
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
5
Last Close Price
53.4
SAR
Average target price
48.05
SAR
Spread / Average Target
-10.02%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +47.72% | 2.57B | |
| +8.90% | 29.14B | |
| +8.87% | 13.66B | |
| +11.17% | 12.46B | |
| +15.75% | 10.42B | |
| +9.38% | 9.88B | |
| -13.52% | 6.7B | |
| +8.09% | 6.43B | |
| +36.68% | 3.58B | |
| +14.94% | 3.01B |
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