Financials Kingdom Holding Company

Equities

End-of-day quote Saudi Arabian S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
7.19 ^SAR	-0.14%		+0.14%	+0.56%

03/04	Kingdom Holding Secures Shareholder Approval to Raise Number of Directors	MT
02/04	Kingdom Holding Company 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	27,979	29,462	37,429	28,684	26,497	26,645	-	-
Enterprise Value (EV) ¹	39,725	42,674	52,821	43,604	39,986	40,679	41,557	26,645
P/E ratio	-	-	37.4 x	4.12 x	26.5 x	23.2 x	21.8 x	21.1 x
Yield	6.62%	6.29%	2.77%	3.62%	3.92%	3.89%	3.89%	3.89%
Capitalization / Revenue	12.5 x	28.6 x	24.8 x	11.5 x	9.8 x	9.17 x	8.61 x	8.19 x
EV / Revenue	17.8 x	41.5 x	35 x	17.5 x	14.8 x	14 x	13.4 x	8.19 x
EV / EBITDA	49.7 x	177 x	76.6 x	32 x	29.3 x	29.4 x	27.5 x	-
EV / FCF	29.6 x	46.2 x	84.1 x	27.2 x	124 x	68.6 x	58.5 x	-
FCF Yield	3.37%	2.16%	1.19%	3.68%	0.81%	1.46%	1.71%	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	37,05,882	37,05,882	37,05,882	37,05,882	37,05,882	37,05,882	-	-
Reference price ²	7.550	7.950	10.10	7.740	7.150	7.190	7.190	7.190
Announcement Date	01/04/20	08/04/21	28/02/22	30/03/23	26/03/24	-	-	-

¹SAR in Million²SAR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,232	1,029	1,508	2,492	2,703	2,905	3,095	3,254
EBITDA ¹	799.5	241.5	689.3	1,364	1,366	1,386	1,510	-
EBIT ¹	627.5	85.31	562.8	1,167	997.3	988	1,080	-
Operating Margin	28.12%	8.29%	37.31%	46.81%	36.89%	34.01%	34.89%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	420.2	-1,467	1,017	6,958	1,013	1,141	1,206	1,271
Net margin	18.83%	-142.48%	67.45%	279.19%	37.48%	39.28%	38.97%	39.06%
EPS ²	-	-	0.2700	1.880	0.2700	0.3100	0.3300	0.3400
Free Cash Flow ¹	1,340	923.6	628	1,603	323.5	593	710	-
FCF margin	60.06%	89.72%	41.64%	64.33%	11.97%	20.41%	22.94%	-
FCF Conversion (EBITDA)	167.64%	382.38%	91.11%	117.49%	23.68%	42.78%	47.02%	-
FCF Conversion (Net income)	319%	-	61.72%	23.04%	31.93%	51.97%	58.87%	-
Dividend per Share ²	0.5000	0.5000	0.2800	0.2800	0.2800	0.2800	0.2800	0.2800
Announcement Date	01/04/20	08/04/21	28/02/22	30/03/23	26/03/24	-	-	-

¹SAR in Million²SAR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	11,746	13,212	15,392	14,921	13,489	14,034	14,912	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	14.69 x	54.7 x	22.33 x	10.94 x	9.876 x	10.13 x	9.875 x	-
Free Cash Flow ¹	1,340	924	628	1,603	324	593	710	-
ROE (net income / shareholders' equity)	1.41%	-4.71%	3.3%	22.6%	3.08%	3.24%	3.41%	3.57%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	99.4	-	162	151	379	203	217	-
Capex / Sales	4.46%	-	10.72%	6.07%	14.03%	6.99%	7.01%	-
Announcement Date	01/04/20	08/04/21	28/02/22	30/03/23	26/03/24	-	-	-

¹SAR in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

7.19 SAR

Average target price

6.65 SAR

Spread / Average Target

-7.51%

	1st Jan change	Capi.
KINGDOM HOLDING COMPANY	+0.56%	7.11B
INVESTOR AB	+16.07%	75.86B
KOÇ HOLDING	+66.15%	17.66B
INVESTMENT AB LATOUR	+2.33%	15.7B
AB INDUSTRIVÄRDEN	+7.81%	14.06B
L E LUNDBERGFÖRETAGEN AB	-0.95%	12.39B
HAL TRUST	+6.68%	11.96B
BAJAJ HOLDINGS & INVESTMENT LIMITED	+5.78%	10.82B
MERITZ FINANCIAL GROUP INC.	+34.35%	10.08B
GROUPE BRUXELLES LAMBERT SA	-2.27%	9.68B