Company Valuation: ADNOC Logistics & Services plc

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 7,714 10,938 11,915 12,719 - -
Change - 41.78% 8.94% 6.74% - -
Enterprise Value (EV) 1 7,788 11,478 12,609 14,369 14,826 15,078
Change - 47.38% 9.86% 13.95% 3.18% 1.7%
P/E 13x 14.8x 14.7x 9.74x 12.5x 12x
PBR 1.75x 2.23x 1.71x 2.21x 1.95x 1.62x
PEG - 0.6x 1.47x 0.2x -0.6x 2.55x
Capitalization / Revenue 2.8x 3.08x 2.38x 2.46x 2.59x 2.52x
EV / Revenue 2.83x 3.23x 2.51x 2.78x 3.02x 2.99x
EV / EBITDA 8.89x 9.99x 8.32x 7.34x 9.13x 8.68x
EV / EBIT 12.7x 13.8x 12.9x 11.1x 13.5x 13x
EV / FCF 160x 44.5x 47.7x 19.1x 45.9x 50.4x
FCF Yield 0.62% 2.25% 2.1% 5.22% 2.18% 1.98%
Dividend per Share 3 0.0965 0.1356 0.1613 0.1781 0.1802 0.186
Rate of return 2.52% 2.5% 2.72% 2.82% 2.85% 2.94%
EPS 3 0.2938 0.3673 0.4041 0.6492 0.5038 0.5274
Distribution rate 32.8% 36.9% 39.9% 27.4% 35.8% 35.3%
Net sales 1 2,755 3,549 5,016 5,163 4,902 5,050
EBITDA 1 876.3 1,149 1,515 1,958 1,624 1,738
EBIT 1 613.7 831.5 981.2 1,297 1,099 1,161
Net income 1 620.2 756.2 863 1,324 995.5 1,098
Net Debt 1 73.84 540.4 694 1,650 2,107 2,359
Reference price 3 3.830 5.430 5.920 6.320 6.320 6.320
Nbr of stocks (in thousands) 73,98,499 73,98,499 73,93,233 73,91,633 - -
Announcement Date 14/02/24 12/02/25 11/02/26 - - -
1AED in Million2USD in Million3AED
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.4x2.68x7.19x2.86% 1.23TCr
14.9x0.63x3.95x2.34% 3.77TCr
9.23x0.6x2.42x5.07% 3.4TCr
154.98x1.26x8.18x1.64% 2.53TCr
12.4x4.64x8.62x3.61% 2.18TCr
10.6x1.44x11.04x3.98% 1.56TCr
11.71x0.92x4.12x3.06% 1.43TCr
12.36x3.69x10.14x6.56% 1.39TCr
9.43x2x13.88x3.26% 1.36TCr
10.92x0.75x4.04x4.54% 1.26TCr
Average 25.59x 1.86x 7.36x 3.69% 2.01TCr
Weighted average by Cap. 29.60x 1.66x 6.59x 3.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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