ARABIAN DRILLING COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 138.6 SAR | -2.53% |
|
-10.00% | -27.43% |
| 14/05 | Transcript : Arabian Drilling Company, Q1 2024 Earnings Call, May 14, 2024 | |
| 13/05 | Arabian Drilling's Q1 Net Profit, Revenue Grow | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 10,021 | 16,999 | 12,656 | - | - |
| Enterprise Value (EV) 1 | 10,021 | 18,753 | 15,387 | 15,038 | 14,964 |
| P/E ratio | 16.4 x | 28.1 x | 17.7 x | 14 x | 13.9 x |
| Yield | - | 2.65% | 3.73% | 5% | 5.32% |
| Capitalization / Revenue | 3.71 x | 4.89 x | 3.24 x | 2.78 x | 2.67 x |
| EV / Revenue | 3.71 x | 5.39 x | 3.94 x | 3.3 x | 3.16 x |
| EV / EBITDA | 8.76 x | 12.6 x | 8.71 x | 7.46 x | 7.28 x |
| EV / FCF | - | -35.8 x | -131 x | 15.5 x | 14.5 x |
| FCF Yield | - | -2.79% | -0.76% | 6.44% | 6.87% |
| Price to Book | - | 2.85 x | 2 x | 1.93 x | 1.87 x |
| Nbr of stocks (in thousands) | 89,000 | 89,000 | 89,000 | - | - |
| Reference price 2 | 112.6 | 191.0 | 142.2 | 142.2 | 142.2 |
| Announcement Date | 19/03/23 | 18/03/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,199 | 2,704 | 3,477 | 3,907 | 4,556 | 4,737 |
| EBITDA 1 | - | 1,144 | 1,485 | 1,768 | 2,016 | 2,056 |
| EBIT 1 | - | 619.1 | 801 | 984 | 1,204 | 1,205 |
| Operating Margin | - | 22.9% | 23.04% | 25.18% | 26.42% | 25.45% |
| Earnings before Tax (EBT) 1 | - | 552.3 | 687.9 | 805.9 | 1,091 | 1,054 |
| Net income 1 | 273.6 | 557.7 | 605 | 704.2 | 916.5 | 911.6 |
| Net margin | 12.44% | 20.63% | 17.4% | 18.02% | 20.12% | 19.25% |
| EPS 2 | - | 6.850 | 6.790 | 8.014 | 10.14 | 10.24 |
| Free Cash Flow 1 | - | - | -524 | -117.7 | 969 | 1,029 |
| FCF margin | - | - | -15.07% | -3.01% | 21.27% | 21.72% |
| FCF Conversion (EBITDA) | - | - | - | - | 48.06% | 50.04% |
| FCF Conversion (Net income) | - | - | - | - | 105.73% | 112.84% |
| Dividend per Share 2 | - | - | 5.060 | 5.303 | 7.115 | 7.560 |
| Announcement Date | 19/09/22 | 19/03/23 | 18/03/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 750.3 | 779.3 | 790.6 | 919.6 | 987 | 967 | 962.4 | 1,001 | 1,004 |
| EBITDA 1 | 307.9 | 323.1 | 335 | - | 435 | - | 436.4 | 436.8 | 445.4 |
| EBIT 1 | 168.4 | 172.5 | 179.6 | 205.8 | 243 | 214 | 255 | 260.2 | 282.8 |
| Operating Margin | 22.45% | 22.14% | 22.72% | 22.38% | 24.62% | 22.13% | 26.49% | 25.99% | 28.16% |
| Earnings before Tax (EBT) 1 | - | - | - | - | 197.9 | - | 213.5 | 198.9 | 207.8 |
| Net income 1 | 136.7 | 141.5 | 139.3 | 167.8 | 183 | 146 | 183.6 | 170.1 | 178 |
| Net margin | 18.22% | 18.16% | 17.62% | 18.25% | 18.54% | 15.1% | 19.08% | 16.99% | 17.73% |
| EPS 2 | - | - | - | - | 2.050 | 1.640 | 2.063 | 1.911 | 2.000 |
| Dividend per Share 2 | - | - | - | - | - | - | 2.538 | - | 3.273 |
| Announcement Date | 19/03/23 | 14/05/23 | 02/08/23 | 05/11/23 | 18/03/24 | 13/05/24 | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,754 | 2,732 | 2,382 | 2,308 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.181 x | 1.545 x | 1.182 x | 1.123 x |
| Free Cash Flow 1 | - | - | -524 | -118 | 969 | 1,029 |
| ROE (net income / shareholders' equity) | - | - | 10.5% | 11.4% | 14.1% | 13.4% |
| ROA (Net income/ Total Assets) | - | - | 5.97% | 5.16% | 7.06% | 6.96% |
| Assets 1 | - | - | 10,127 | 13,652 | 12,976 | 13,105 |
| Book Value Per Share 2 | - | - | 67.00 | 70.90 | 73.90 | 76.20 |
| Cash Flow per Share 2 | - | 15.30 | 15.30 | 17.90 | 21.60 | - |
| Capex 1 | - | - | 1,884 | 1,875 | 924 | 1,038 |
| Capex / Sales | - | - | 54.18% | 47.98% | 20.27% | 21.91% |
| Announcement Date | 19/09/22 | 19/03/23 | 18/03/24 | - | - | - |
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
HOLD
Number of Analysts
9
Last Close Price
142.2
SAR
Average target price
173.6
SAR
Spread / Average Target
+22.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -26.49% | 3.37B | |
| +16.40% | 18.77B | |
| +9.02% | 9.4B | |
| -1.29% | 6.79B | |
| +10.79% | 5.5B | |
| -24.83% | 5.23B | |
| -4.88% | 4.95B | |
| +1.94% | 4.42B | |
| +17.53% | 3.93B | |
| +6.29% | 3.8B |
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