Financials Burgan Bank K.P.S.C.

Equities

BURG

KW0EQ0100077

Banks

End-of-day quote Kuwait S.E. 03:30:00 23/06/2024 am IST 5-day change 1st Jan Change
0.182 KWD 0.00% Intraday chart for Burgan Bank K.P.S.C. +0.55% +11.11%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 796.6 558.1 784.7 718.9 592.9 658.7 - -
Enterprise Value (EV) 1 796.6 558.1 784.7 718.9 592.9 658.7 658.7 658.7
P/E ratio 12.6 x 22.7 x 19.2 x 17.4 x 17.2 x 9.1 x 13.3 x 10.1 x
Yield 3.95% 2.35% 1.99% 3.65% - 5.49% 4.8% 5.36%
Capitalization / Revenue 3.21 x 2.62 x 3.34 x 3.1 x 2.67 x 2.71 x 2.62 x 2.33 x
EV / Revenue 3.21 x 2.62 x 3.34 x 3.1 x 2.67 x 2.71 x 2.62 x 2.33 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.88 x 0.63 x 0.88 x 0.8 x 0.59 x 0.89 x 0.89 x 0.86 x
Nbr of stocks (in thousands) 31,85,140 31,85,140 36,19,243 36,19,237 36,19,231 36,19,231 - -
Reference price 2 0.2501 0.1752 0.2168 0.1986 0.1638 0.1820 0.1820 0.1820
Announcement Date 08/03/20 12/02/21 06/02/22 08/02/23 18/02/24 - - -
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 248.2 212.8 234.7 232 221.7 243 251.7 283
EBITDA - - - - - - - -
EBIT 1 145.9 115.5 139.9 125 105.5 116 120 143
Operating Margin 58.81% 54.3% 59.61% 53.86% 47.58% 47.74% 47.68% 50.53%
Earnings before Tax (EBT) 1 96.73 38.39 55.3 75.1 45.1 84.8 79.6 102.5
Net income 1 84.68 33.66 45.39 52.13 43.55 63.9 55.27 69.7
Net margin 34.13% 15.82% 19.34% 22.46% 19.64% 26.3% 21.96% 24.63%
EPS 2 0.0198 0.007730 0.0113 0.0114 0.009520 0.0200 0.0136 0.0181
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.009870 0.004110 0.004320 0.007260 - 0.0100 0.008730 0.009760
Announcement Date 08/03/20 12/02/21 06/02/22 08/02/23 18/02/24 - - -
1KWD in Million2KWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 68.12 52.58 57.8 55.64 66.03 54.74 53.25 86.64 - 53.55
EBITDA - - - - - - - - - - -
EBIT 1 - 43.48 30.16 31.24 29.1 34.48 25.78 28.19 55.49 -3.947 23.78
Operating Margin - 63.82% 57.36% 54.04% 52.31% 52.22% 47.08% 52.94% 64.04% - 44.4%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 1 24.02 5.113 12.13 15.11 14 10.89 7.571 10.54 12.02 13.42 10.14
Net margin - 7.51% 23.06% 26.15% 25.17% 16.49% 13.83% 19.78% 13.87% - 18.93%
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 28/07/21 06/02/22 24/04/22 28/07/22 20/10/22 08/02/23 09/05/23 27/07/23 26/10/23 18/02/24 12/05/24
1KWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.41% 3.67% 5.25% 5.83% 4.55% 7.4% 6.11% 7.43%
ROA (Net income/ Total Assets) 1.18% 0.47% 0.64% 0.73% 0.6% 0.86% 0.63% 0.78%
Assets 1 7,197 7,094 7,091 7,122 7,296 7,430 8,819 8,936
Book Value Per Share 2 0.2800 0.2800 0.2500 0.2500 0.2800 0.2000 0.2000 0.2100
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 08/03/20 12/02/21 06/02/22 08/02/23 18/02/24 - - -
1KWD in Million2KWD
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
0.182 KWD
Average target price
0.2036 KWD
Spread / Average Target
+11.85%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Burgan Bank K.P.S.C.