Financials Burgan Company for Well Drilling, Trading and Maintenance K.S.C. (Public)

Equities

ABAR

KW0EQ0601959

Oil & Gas Drilling

End-of-day quote Kuwait S.E. 03:30:00 27/06/2024 am IST 5-day change 1st Jan Change
0.12 KWD -4.00% Intraday chart for Burgan Company for Well Drilling, Trading and Maintenance K.S.C. (Public) -6.25% +34.98%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 23.31 17.45 35.87 36.23 27.8 28.12
Enterprise Value (EV) 1 119.9 134.1 142.3 134.8 115.2 103.5
P/E ratio 10.2 x 13.8 x 14.9 x 12.3 x 8.9 x 8.96 x
Yield - - 1.91% 4.55% - 4.63%
Capitalization / Revenue 0.45 x 0.4 x 0.68 x 0.68 x 0.5 x 0.57 x
EV / Revenue 2.33 x 3.11 x 2.69 x 2.54 x 2.08 x 2.09 x
EV / EBITDA 6.85 x 8.69 x 8.69 x 8.64 x 7.48 x 6.6 x
EV / FCF 14.9 x 37.4 x 215 x 22.5 x 17.1 x 13 x
FCF Yield 6.72% 2.67% 0.46% 4.45% 5.86% 7.67%
Price to Book 0.36 x 0.27 x 0.53 x 0.53 x 0.38 x 0.37 x
Nbr of stocks (in thousands) 2,56,856 2,53,399 2,53,399 2,53,399 2,59,857 2,60,353
Reference price 2 0.0907 0.0689 0.1415 0.1430 0.1070 0.1080
Announcement Date 04/07/19 24/08/20 28/06/21 30/06/22 22/06/23 26/06/24
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 51.53 43.19 52.94 53.12 55.44 49.54
EBITDA 1 17.49 15.44 16.38 15.61 15.39 15.68
EBIT 1 5.993 4.078 5.736 5.288 5.985 6.826
Operating Margin 11.63% 9.44% 10.83% 9.95% 10.8% 13.78%
Earnings before Tax (EBT) 1 2.292 1.281 2.443 3.02 3.169 3.173
Net income 1 2.263 1.264 2.408 2.974 3.129 3.138
Net margin 4.39% 2.93% 4.55% 5.6% 5.65% 6.33%
EPS 2 0.008876 0.004987 0.009503 0.0117 0.0120 0.0121
Free Cash Flow 1 8.055 3.584 0.6618 5.997 6.747 7.935
FCF margin 15.63% 8.3% 1.25% 11.29% 12.17% 16.02%
FCF Conversion (EBITDA) 46.05% 23.22% 4.04% 38.41% 43.84% 50.6%
FCF Conversion (Net income) 355.88% 283.49% 27.48% 201.63% 215.6% 252.84%
Dividend per Share - - 0.002700 0.006500 - 0.005000
Announcement Date 04/07/19 24/08/20 28/06/21 30/06/22 22/06/23 26/06/24
1KWD in Million2KWD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 96.6 117 106 98.6 87.3 75.4
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.521 x 7.557 x 6.498 x 6.316 x 5.675 x 4.806 x
Free Cash Flow 1 8.06 3.58 0.66 6 6.75 7.93
ROE (net income / shareholders' equity) 3.61% 1.97% 3.66% 4.33% 4.36% 4.19%
ROA (Net income/ Total Assets) 1.9% 1.22% 1.64% 1.53% 1.76% 2.09%
Assets 1 119.2 103.6 146.8 194.7 177.6 150.1
Book Value Per Share 2 0.2500 0.2600 0.2600 0.2700 0.2800 0.2900
Cash Flow per Share 2 0 0.0100 0 0.0100 0.0100 0.0100
Capex 1 9.92 12.2 11.8 7.84 7.09 2.8
Capex / Sales 19.25% 28.32% 22.33% 14.76% 12.79% 5.64%
Announcement Date 04/07/19 24/08/20 28/06/21 30/06/22 22/06/23 26/06/24
1KWD in Million2KWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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