Financials Jordan Petroleum Refinery Co. Ltd.

Equities

End-of-day quote Amman S.E. Other stock markets 03:30:00 15/07/2024 am IST			5-day change	1st Jan Change
5.07 ^JOD	-0.78%		+2.01%	+7.87%

29/04	Jordan Petroleum Refinery Co. Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
07/03	Jordan Petroleum Refinery Co. Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	323	250	343	535	470	507	-	-
Enterprise Value (EV) ¹	323	867	921.2	535	1,144	1,117	1,083	507
P/E ratio	7.36 x	-17.5 x	6.6 x	5.14 x	5.76 x	6.42 x	5.9 x	-
Yield	-	2%	7.29%	-	10.6%	8.88%	9.86%	9.86%
Capitalization / Revenue	-	0.26 x	0.28 x	0.31 x	0.28 x	0.31 x	0.3 x	0.28 x
EV / Revenue	-	0.91 x	0.74 x	0.31 x	0.69 x	0.68 x	0.64 x	0.28 x
EV / EBITDA	-	-54.6 x	11.3 x	3.17 x	10.1 x	8.27 x	7.27 x	-
EV / FCF	-	-10.5 x	18.8 x	-	11.9 x	10.2 x	13.9 x	-
FCF Yield	-	-9.55%	5.33%	-	8.41%	9.85%	7.21%	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	1,00,000	1,00,000	1,00,000	1,00,000	1,00,000	1,00,000	-	-
Reference price ²	3.230	2.500	3.430	5.350	4.700	5.070	5.070	5.070
Announcement Date	17/05/20	29/03/21	12/04/22	08/03/23	07/03/24	-	-	-

¹JOD in Million²JOD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	957.3	1,240	1,706	1,659	1,646	1,695	1,808
EBITDA ¹	-	-15.89	81.49	168.5	113.7	135	149	-
EBIT ¹	-	-31.21	66.43	151.3	101.6	117	130	-
Operating Margin	-	-3.26%	5.36%	8.87%	6.12%	7.11%	7.67%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	43.87	-14.33	52.05	104	81.55	79.2	86.4	101
Net margin	-	-1.5%	4.2%	6.09%	4.92%	4.81%	5.1%	5.59%
EPS ²	0.4390	-0.1430	0.5200	1.040	0.8160	0.7900	0.8600	-
Free Cash Flow ¹	-	-82.76	49.07	-	96.2	110	78.1	-
FCF margin	-	-8.65%	3.96%	-	5.8%	6.68%	4.61%	-
FCF Conversion (EBITDA)	-	-	60.22%	-	84.59%	81.48%	52.42%	-
FCF Conversion (Net income)	-	-	94.28%	-	117.96%	138.89%	90.39%	-
Dividend per Share ²	-	0.0500	0.2500	-	0.5000	0.4500	0.5000	0.5000
Announcement Date	17/05/20	29/03/21	12/04/22	08/03/23	07/03/24	-	-	-

¹JOD in Million²JOD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	617	578	-	674	610	576	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-38.83 x	7.096 x	-	5.927 x	4.519 x	3.866 x	-
Free Cash Flow ¹	-	-82.8	49.1	-	96.2	110	78.1	-
ROE (net income / shareholders' equity)	-	-6.44%	22.6%	-	23.7%	21%	20.8%	21.9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	17.5	12	-	46.8	41.1	39	-
Capex / Sales	-	1.83%	0.97%	-	2.82%	2.5%	2.3%	-
Announcement Date	17/05/20	29/03/21	12/04/22	08/03/23	07/03/24	-	-	-

¹JOD in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.07 JOD

Average target price

5.36 JOD

Spread / Average Target

+5.72%

	1st Jan change	Capi.
JORDAN PETROLEUM REFINERY CO. LTD.	+7.87%	72Cr
RELIANCE INDUSTRIES LTD	+22.97%	26TCr
CHINA PETROLEUM & CHEMICAL CORPORATION	+22.98%	10TCr
PHILLIPS 66	+5.21%	5.94TCr
MARATHON PETROLEUM CORPORATION	+12.37%	5.87TCr
VALERO ENERGY CORPORATION	+14.42%	4.86TCr
IMPERIAL OIL LIMITED	+29.66%	3.84TCr
INDIAN OIL CORPORATION LIMITED	+31.68%	2.8TCr
FORMOSA PETROCHEMICAL CORPORATION	-20.69%	1.87TCr
REPSOL S.A.	+1.56%	1.81TCr