Financials Al Maha Petroleum Products Marketing Company SAOG

Equities

MHAS

OM0000003000

Oil & Gas Refining and Marketing

End-of-day quote Muscat Exchange 03:30:00 16/05/2024 am IST 5-day change 1st Jan Change
1.025 OMR +2.50% Intraday chart for Al Maha Petroleum Products Marketing Company SAOG -4.65% -5.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 50.23 46.37 47.75 62.1 75.21 70.72 - -
Enterprise Value (EV) 1 50.23 46.37 47.75 62.1 75.21 93.96 91.52 92.54
P/E ratio - 53.3 x - 10 x 12 x 10.4 x 9.58 x 9.67 x
Yield - - - - - 9.17% 9.95% 9.85%
Capitalization / Revenue 0.11 x - 0.13 x - - 0.14 x 0.14 x 0.13 x
EV / Revenue 0.11 x - 0.13 x - - 0.19 x 0.18 x 0.17 x
EV / EBITDA - - - - - 7.03 x 6.56 x 6.57 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - - - - - 1.67 x - 1.62 x
Nbr of stocks (in thousands) 69,000 69,000 69,000 69,000 69,000 69,000 - -
Reference price 2 0.7280 0.6720 0.6920 0.9000 1.090 1.025 1.025 1.025
Announcement Date 16/01/20 13/01/21 13/01/22 27/02/23 15/01/24 - - -
1OMR in Million2OMR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 465.1 - 372.9 - - 502.9 517.1 531.6
EBITDA 1 - - - - - 13.37 13.96 14.09
EBIT 1 - - - - - 8.587 9.154 9.053
Operating Margin - - - - - 1.71% 1.77% 1.7%
Earnings before Tax (EBT) 1 - - - - - 8.037 8.685 8.616
Net income 1 3.902 0.871 3.11 6.192 6.313 6.832 7.382 7.323
Net margin 0.84% - 0.83% - - 1.36% 1.43% 1.38%
EPS 2 - 0.0126 - 0.0900 0.0910 0.0990 0.1070 0.1060
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 0.0940 0.1020 0.1010
Announcement Date 16/01/20 13/01/21 13/01/22 27/02/23 15/01/24 - - -
1OMR in Million2OMR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1
Net sales 1 171.6 - 118.2 - 129.8 128.5 122.7
EBITDA - - - - - - -
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income 1 0.202 1.605 1.464 3.068 2.45 0.795 1.305
Net margin 0.12% - 1.24% - 1.89% 0.62% 1.06%
EPS - 0.0230 - - - - -
Dividend per Share - - - - - - -
Announcement Date 15/07/20 27/04/23 13/07/23 13/07/23 15/10/23 15/01/24 17/04/24
1OMR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 23.2 20.8 21.8
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - 1.739 x 1.489 x 1.549 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - - - - - 16.1% 17.1% 16.8%
ROA (Net income/ Total Assets) - - - - - 4.6% 4.9% 4.8%
Assets 1 - - - - - 148.5 150.7 152.6
Book Value Per Share 2 - - - - - 0.6100 - 0.6300
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 16/01/20 13/01/21 13/01/22 27/02/23 15/01/24 - - -
1OMR in Million2OMR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
1.025 OMR
Average target price
1.196 OMR
Spread / Average Target
+16.68%
Consensus

Quarterly revenue - Rate of surprise

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