SAUDI TADAWUL GROUP HOLDING COMPANY Financials Saudi Tadawul Group Holding Company
Equities
1111
SA15DHKGHBH4
Financial & Commodity Market Operators
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 246.6 SAR | -1.75% |
|
-5.44% | +32.01% |
| May. 09 | Hong Kong Seeks Saudi Support to Remain Asian Financial Hub | MT |
| May. 05 | Saudi Tadawul Group Holding Company Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 15,096 | 21,720 | 22,416 | 29,592 | - | - |
| Enterprise Value (EV) 1 | 12,361 | 21,101 | 20,579 | 26,993 | 27,079 | 26,840 |
| P/E ratio | 25.7 x | 51.1 x | 57.5 x | 48.7 x | 39.7 x | 35.3 x |
| Yield | 2.38% | 1.28% | 1.23% | 1.42% | 1.69% | 1.91% |
| Capitalization / Revenue | 12.9 x | 20.3 x | 20.9 x | 20.3 x | 17.7 x | 16.1 x |
| EV / Revenue | 10.6 x | 19.7 x | 19.2 x | 18.6 x | 16.2 x | 14.6 x |
| EV / EBITDA | 18.5 x | 43 x | 51 x | 38.8 x | 33.6 x | 29.1 x |
| EV / FCF | 22.6 x | 56.8 x | - | 49.5 x | 44.5 x | 41 x |
| FCF Yield | 4.43% | 1.76% | - | 2.02% | 2.25% | 2.44% |
| Price to Book | 4.88 x | 6.83 x | 7.16 x | 8.65 x | 7.99 x | 7.36 x |
| Nbr of stocks (in thousands) | 120,000 | 120,000 | 120,000 | 120,000 | - | - |
| Reference price 2 | 125.8 | 181.0 | 186.8 | 246.6 | 246.6 | 246.6 |
| Announcement Date | 3/10/22 | 2/26/23 | 3/10/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,166 | 1,071 | 1,073 | 1,455 | 1,673 | 1,832 |
| EBITDA 1 | - | 668.9 | 490.3 | 403.1 | 696.5 | 806.5 | 921.8 |
| EBIT 1 | - | 611.8 | 427.1 | 328.3 | 600.1 | 697.3 | 743.9 |
| Operating Margin | - | 52.47% | 39.86% | 30.61% | 41.25% | 41.68% | 40.6% |
| Earnings before Tax (EBT) 1 | - | 653.9 | 492.3 | 437 | 682 | 814.8 | 890.5 |
| Net income 1 | 500.5 | 587.7 | 424.6 | 390.1 | 607 | 725.5 | 788.8 |
| Net margin | - | 50.4% | 39.63% | 36.36% | 41.72% | 43.36% | 43.04% |
| EPS 2 | 4.170 | 4.900 | 3.540 | 3.250 | 5.060 | 6.205 | 6.995 |
| Free Cash Flow 1 | - | 548.1 | 371.3 | - | 545 | 609 | 655 |
| FCF margin | - | 47% | 34.66% | - | 37.46% | 36.4% | 35.74% |
| FCF Conversion (EBITDA) | - | 81.94% | 75.73% | - | 78.25% | 75.51% | 71.06% |
| FCF Conversion (Net income) | - | 93.26% | 87.45% | - | 89.79% | 83.94% | 83.04% |
| Dividend per Share 2 | - | 3.000 | 2.310 | 2.300 | 3.491 | 4.175 | 4.702 |
| Announcement Date | 11/28/21 | 3/10/22 | 2/26/23 | 3/10/24 | - | - | - |
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 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 257.5 | 222.9 | 298.1 | 257.2 | 222.2 | 182.4 | 252 | 277.4 | 332.1 | 387.6 | 355.8 | 388.3 | 397.6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 110.9 | 164 | 137.6 | 91.73 | 43.09 | 51.27 | - | 76.65 | - | 192.3 | - | - | - |
| Operating Margin | 43.04% | 73.58% | 46.14% | 35.67% | 19.39% | 28.1% | - | 27.63% | - | 49.61% | - | - | - |
| Earnings before Tax (EBT) | 124.5 | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 110.5 | 140.6 | 137.7 | 89.12 | 57.18 | 90.78 | - | 102.3 | 91.77 | 201.5 | - | - | - |
| Net margin | 42.89% | 63.09% | 46.18% | 34.65% | 25.73% | 49.76% | - | 36.88% | 27.63% | 51.99% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/10/22 | 5/15/22 | 8/14/22 | 10/30/22 | 2/26/23 | 4/16/23 | 7/23/23 | 10/22/23 | 3/10/24 | 5/5/24 | - | - | - |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,735 | 619 | 1,837 | 2,599 | 2,513 | 2,752 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 548 | 371 | - | 545 | 609 | 655 |
| ROE (net income / shareholders' equity) | - | 17.5% | 13.5% | 12.4% | 19.7% | 20.6% | 21.5% |
| ROA (Net income/ Total Assets) | - | 15.4% | 7.56% | 5.09% | 8.05% | 8.7% | 8.63% |
| Assets 1 | - | 3,818 | 5,617 | 7,663 | 7,540 | 8,339 | 9,136 |
| Book Value Per Share 2 | - | 25.80 | 26.50 | 26.10 | 28.50 | 30.90 | 33.50 |
| Cash Flow per Share 2 | - | - | 3.920 | 3.290 | 5.190 | 6.940 | 9.070 |
| Capex 1 | - | - | 99.1 | - | 100 | 86.5 | 84.5 |
| Capex / Sales | - | - | 9.25% | - | 6.87% | 5.17% | 4.61% |
| Announcement Date | 11/28/21 | 3/10/22 | 2/26/23 | 3/10/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
7
Last Close Price
246.6
SAR
Average target price
218.7
SAR
Spread / Average Target
-11.33%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +32.01% | 7.89B | |
| +1.43% | 76.91B | |
| +24.69% | 24.15B | |
| +20.35% | 12.05B | |
| +1.81% | 8.25B | |
| +19.30% | 4.4B | |
| -2.88% | 2.94B | |
| +19.36% | 2.3B | |
| -13.66% | 1.52B | |
| +92.12% | 1.4B |
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