Stock SALAMA ISLAMIC ARAB INSURANCE CO. (SALAMA)
Add to a list
To use this feature you must be a member
Log inSign up

Financials Islamic Arab Insurance Co. (Salama)

Equities

SALAMA

AEI000301012

Multiline Insurance & Brokers

Market Closed - Dubai FM
Other stock markets
 04:07:36 26/04/2024 pm IST 		5-day change 1st Jan Change
0.395 AED 0.00% Intraday chart for Islamic Arab Insurance Co. (Salama) +3.95% -28.18%
01/04 Salama Swings to Loss in FY23; Revenue Up MT
31/03 Islamic Arab Insurance Co. PJSC Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 533.6 713 1,005 904.3 631 507.5
Enterprise Value (EV) 1 259 668.1 929.8 829.5 515.4 366.4
P/E ratio 257 x 13 x 6.73 x 22.6 x 22.4 x -3.41 x
Yield - - 13.3% 2.63% - -
Capitalization / Revenue 0.67 x 0.85 x 1.14 x 1.25 x 0.8 x 0.43 x
EV / Revenue 0.33 x 0.8 x 1.05 x 1.15 x 0.66 x 0.31 x
EV / EBITDA 6.85 x 9.8 x 5.18 x 13.8 x 10.3 x -8.61 x
EV / FCF 1.82 x 7.79 x -47.2 x -7.38 x 4.91 x -3.27 x
FCF Yield 55% 12.8% -2.12% -13.6% 20.4% -30.6%
Price to Book 0.72 x 0.92 x 1.2 x 1.18 x 0.85 x 0.86 x
Nbr of stocks (in thousands) 9,39,594 9,22,769 9,22,769 9,22,769 9,22,769 9,22,759
Reference price 2 0.5679 0.7727 1.089 0.9800 0.6838 0.5500
Announcement Date 28/03/19 26/03/20 14/03/21 30/03/22 21/03/23 31/03/24
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 793.4 840.2 884.9 722.7 785.4 1,180
EBITDA 1 37.82 68.17 179.3 59.97 49.98 -42.56
EBIT 1 33.53 64.37 175.9 57.04 46.73 -45.32
Operating Margin 4.23% 7.66% 19.88% 7.89% 5.95% -3.84%
Earnings before Tax (EBT) 1 31.28 71.83 169.2 57.47 52.43 -124
Net income 1 2.039 55.04 149.4 40.05 28.15 -158.4
Net margin 0.26% 6.55% 16.88% 5.54% 3.58% -13.43%
EPS 2 0.002210 0.0596 0.1619 0.0434 0.0305 -0.1612
Free Cash Flow 1 142.3 85.82 -19.71 -112.4 105 -112
FCF margin 17.94% 10.21% -2.23% -15.56% 13.37% -9.49%
FCF Conversion (EBITDA) 376.38% 125.89% - - 210.1% -
FCF Conversion (Net income) 6,981.15% 155.93% - - 373.03% -
Dividend per Share - - 0.1449 0.0258 - -
Announcement Date 28/03/19 26/03/20 14/03/21 30/03/22 21/03/23 31/03/24
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 275 44.9 75.6 74.8 116 141
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 142 85.8 -19.7 -112 105 -112
ROE (net income / shareholders' equity) 2.49% 7.28% 17.9% 5.5% 5.14% -18.9%
ROA (Net income/ Total Assets) 0.54% 0.98% 2.53% 0.77% 0.66% -0.79%
Assets 1 375 5,609 5,911 5,211 4,271 20,098
Book Value Per Share 2 0.7900 0.8400 0.9100 0.8300 0.8000 0.6400
Cash Flow per Share 2 0.3000 0.0600 0.0900 0.1100 0.1300 0.1600
Capex - - 1.35 - 1.99 0.5
Capex / Sales - - 0.15% - 0.25% 0.04%
Announcement Date 28/03/19 26/03/20 14/03/21 30/03/22 21/03/23 31/03/24
1AED in Million2AED
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Islamic Insurance

1st Jan change Capi.
ISLAMIC ARAB INSURANCE CO. (SALAMA) Stock Islamic Arab Insurance Co. (Salama)
-28.18% 99.23M
ALJAZIRA TAKAFUL TAAWUNI COMPANY Stock Aljazira Takaful Taawuni Company
+11.41% 333M
AL-ETIHAD COOPERATIVE INSURANCE COMPANY Stock Al-Etihad Cooperative Insurance Company
+41.58% 313M
DAMAAN ISLAMIC INSURANCE COMPANY "BEEMA" (Q.P.S.C.) Stock Damaan Islamic Insurance Company "Beema" (Q.P.S.C.)
-5.99% 206M
ABU DHABI NATIONAL TAKAFUL COMPANY Stock Abu Dhabi National Takaful Company
-16.67% 143M
FIRST TAKAFUL INSURANCE COMPANY - KPSC Stock First Takaful Insurance Company - KPSC
+251.72% 70.61M
ARABIAN SCANDINAVIAN INSURANCE COMPANY (PLC) - TAKAFUL - ASCANA INSURANCE Stock Arabian Scandinavian Insurance Company (PLC) - Takaful - ASCANA Insurance
+3.77% 69.17M
Islamic Insurance
  1. Stock Market
  2. Equities
  3. SALAMA Stock
  4. Financials Islamic Arab Insurance Co. (Salama)