ADES HOLDING COMPANY |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.2 SAR | -3.26% |
|
-0.69% | -15.92% |
| 27/06 | HSBC Upgrades Ades Holding to Buy from Hold, Boosts PT | MT |
| 26/06 | Tadawul Shares in Red; Aramco Flags Port Arthur LNG Deal | MT |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 26,285 | 6,096 | - | - |
| Enterprise Value (EV) 2 | 28,929 | 8,711 | 8,696 | 8,515 |
| P/E ratio | 40.7 x | 28.8 x | 21.7 x | 18.1 x |
| Yield | - | 1.97% | 2.63% | 3.29% |
| Capitalization / Revenue | 22.8 x | 3.78 x | 3.43 x | 3.16 x |
| EV / Revenue | 25 x | 5.41 x | 4.89 x | 4.42 x |
| EV / EBITDA | 50.7 x | 11 x | 9.98 x | 8.92 x |
| EV / FCF | -61.5 x | 26.6 x | 28.4 x | 19.6 x |
| FCF Yield | -1.63% | 3.76% | 3.52% | 5.1% |
| Price to Book | 4.57 x | 3.77 x | 3.46 x | 3.19 x |
| Nbr of stocks (in thousands) | 10,95,191 | 10,95,191 | - | - |
| Reference price 3 | 24.00 | 20.88 | 20.88 | 20.88 |
| Announcement Date | 06/03/24 | - | - | - |
1SAR in Million2USD in Million3SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 477.8 | 452.1 | 657.7 | 1,155 | 1,611 | 1,779 | 1,927 |
| EBITDA 1 | 193.4 | 193.6 | - | 570.3 | 790.2 | 871.5 | 955.1 |
| EBIT 1 | 124.4 | 104.4 | - | 346.2 | 474 | 515.3 | 555.8 |
| Operating Margin | 26.04% | 23.1% | - | 29.97% | 29.43% | 28.97% | 28.84% |
| Earnings before Tax (EBT) 1 | 40.87 | 30.97 | - | 141.1 | 261.2 | 345.3 | 407.2 |
| Net income 1 | 28.63 | 19.62 | 104.1 | 117.9 | 219 | 282 | 337.2 |
| Net margin | 5.99% | 4.34% | 15.83% | 10.21% | 13.59% | 15.85% | 17.49% |
| EPS 2 | - | - | - | 0.5900 | 0.7246 | 0.9633 | 1.152 |
| Free Cash Flow 1 | -7.355 | 47.82 | - | -470.8 | 327.6 | 305.9 | 434.4 |
| FCF margin | -1.54% | 10.58% | - | -40.76% | 20.34% | 17.2% | 22.54% |
| FCF Conversion (EBITDA) | - | 24.7% | - | - | 41.46% | 35.1% | 45.48% |
| FCF Conversion (Net income) | - | 243.73% | - | - | 149.6% | 108.46% | 128.84% |
| Dividend per Share 2 | - | - | - | - | 0.4117 | 0.5500 | 0.6880 |
| Announcement Date | 07/04/20 | 30/03/21 | 21/09/23 | 06/03/24 | - | - | - |
1USD in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 257.8 | 249.3 | 202.8 | 287.6 | 339.3 | 408.5 | 412.6 | 408.5 | 409.1 |
| EBITDA 1 | 103.3 | 99.91 | - | 128.7 | 168.6 | - | 197.8 | 201.8 | 202.3 |
| EBIT 1 | - | - | - | 83.04 | 112.1 | 128.1 | 118.2 | 114.7 | 113.3 |
| Operating Margin | - | - | - | 28.88% | 33.03% | 31.36% | 28.64% | 28.07% | 27.69% |
| Earnings before Tax (EBT) | - | - | - | - | - | 61.69 | - | - | - |
| Net income | 17.62 | - | 5.623 | - | 44.48 | 52.62 | - | - | - |
| Net margin | 6.83% | - | 2.77% | - | 13.11% | 12.88% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 07/04/20 | 22/09/20 | 30/03/21 | 09/11/23 | 06/03/24 | 15/05/24 | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 606 | 670 | - | 2,644 | 2,615 | 2,600 | 2,419 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.135 x | 3.458 x | - | 4.636 x | 3.31 x | 2.984 x | 2.533 x |
| Free Cash Flow 1 | -7.35 | 47.8 | - | -471 | 328 | 306 | 434 |
| ROE (net income / shareholders' equity) | 16.3% | 8.48% | - | 11.1% | 13.5% | 16% | 17.7% |
| ROA (Net income/ Total Assets) | 5.55% | 2.67% | - | 2.61% | 4.13% | 5.92% | 6.91% |
| Assets 1 | 516 | 733.9 | - | 4,522 | 5,308 | 4,766 | 4,881 |
| Book Value Per Share 2 | - | - | - | 5.250 | 5.530 | 6.030 | 6.540 |
| Cash Flow per Share 2 | - | - | - | 3.030 | 1.680 | 2.050 | 2.300 |
| Capex 1 | 179 | 118 | - | 1,079 | 127 | 287 | 336 |
| Capex / Sales | 37.54% | 26.02% | - | 93.44% | 7.88% | 16.14% | 17.43% |
| Announcement Date | 07/04/20 | 30/03/21 | 21/09/23 | 06/03/24 | - | - | - |
1USD 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
HOLD
Number of Analysts
10
Last Close Price
20.88
SAR
Average target price
20.02
SAR
Spread / Average Target
-4.11%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.92% | 6.1B | |
| +9.79% | 18.98B | |
| -9.52% | 8.64B | |
| -7.29% | 6.37B | |
| +7.18% | 5.32B | |
| -18.58% | 4.86B | |
| -6.85% | 4.04B | |
| +3.09% | 3.62B | |
| -1.46% | 3.52B | |
| -30.26% | 3.22B |
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- Financials ADES Holding Company
