PERFECT PRESENTATION FOR COMMERCIAL SERVICES COMPANY Financials Perfect Presentation for Commercial Services Company
Equities
7204
SA15LISJGI11
IT Services & Consulting
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29.75 SAR | -4.95% |
|
-0.83% | +21.23% |
| 03/06 | Tadawul-listed 2P Secures SAR135 Million Bank Facility | MT |
| 26/05 | 2P Wins Saudi Regulator’s Nod for Capital Increase | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 2,628 | 3,681 | 4,695 | - | - |
| Enterprise Value (EV) 1 | 2,628 | 3,681 | 4,695 | 4,695 | 4,695 |
| P/E ratio | 20 x | 28.5 x | 25.9 x | 22.4 x | 18.4 x |
| Yield | - | - | 0.96% | 1.52% | 2.03% |
| Capitalization / Revenue | - | 3.26 x | 3.3 x | 2.98 x | 2.57 x |
| EV / Revenue | - | 3.26 x | 3.3 x | 2.98 x | 2.57 x |
| EV / EBITDA | - | 20.6 x | 21.3 x | 17.9 x | 15 x |
| EV / FCF | - | -27.2 x | 34.8 x | 24 x | 19.8 x |
| FCF Yield | - | -3.68% | 2.88% | 4.16% | 5.05% |
| Price to Book | - | 9.64 x | 10.1 x | 7.63 x | 5.91 x |
| Nbr of stocks (in thousands) | 1,50,000 | 1,50,000 | 1,50,000 | - | - |
| Reference price 2 | 17.52 | 24.54 | 31.30 | 31.30 | 31.30 |
| Announcement Date | 26/03/23 | 04/04/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | - | 1,130 | 1,422 | 1,578 | 1,828 |
| EBITDA 1 | - | 178.4 | 220 | 263 | 314 |
| EBIT 1 | - | 173.7 | 215 | 257.5 | 307 |
| Operating Margin | - | 15.38% | 15.12% | 16.32% | 16.79% |
| Earnings before Tax (EBT) 1 | - | 135.3 | 187 | 235 | 287 |
| Net income 1 | 131.5 | 129.3 | 178 | 226 | 275.5 |
| Net margin | - | 11.45% | 12.52% | 14.32% | 15.07% |
| EPS 2 | 0.8760 | 0.8600 | 1.210 | 1.400 | 1.700 |
| Free Cash Flow 1 | - | -135.3 | 135 | 195.4 | 237.2 |
| FCF margin | - | -11.98% | 9.49% | 12.39% | 12.98% |
| FCF Conversion (EBITDA) | - | - | 61.36% | 74.32% | 75.56% |
| FCF Conversion (Net income) | - | - | 75.84% | 86.48% | 86.12% |
| Dividend per Share 2 | - | - | 0.3000 | 0.4750 | 0.6350 |
| Announcement Date | 26/03/23 | 04/04/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 225.1 | 246.4 | 270.3 | 387.9 | 219.5 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 32.26 | 26.2 | 30.76 | 33.58 | 95.71 | 29.68 |
| Net margin | - | 11.64% | 12.48% | 12.42% | 24.67% | 13.52% |
| EPS 2 | 0.2200 | - | 0.2100 | 0.2200 | 0.2600 | 0.2000 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 11/10/22 | 28/05/23 | 10/08/23 | 13/11/23 | 04/04/24 | 14/05/24 |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - |
| Net Cash position | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow 1 | - | -135 | 135 | 195 | 237 |
| ROE (net income / shareholders' equity) | - | 40.7% | 40% | 40.1% | 37.7% |
| ROA (Net income/ Total Assets) | - | 13% | 15.6% | 17.4% | 18.3% |
| Assets 1 | - | 992.8 | 1,141 | 1,299 | 1,505 |
| Book Value Per Share 2 | - | 2.550 | 3.100 | 4.100 | 5.300 |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | - | 21.5 | 27 | 26.6 | 27.2 |
| Capex / Sales | - | 1.9% | 1.9% | 1.69% | 1.49% |
| Announcement Date | 26/03/23 | 04/04/24 | - | - | - |
1SAR in Million2SAR
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
31.3
SAR
Average target price
28.5
SAR
Spread / Average Target
-8.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.23% | 1.25B | |
| -18.96% | 177B | |
| -2.07% | 161B | |
| +1.16% | 152B | |
| +5.41% | 99.88B | |
| +11.96% | 81.66B | |
| +20.97% | 74.66B | |
| -9.67% | 70.05B | |
| -30.71% | 45.84B | |
| -11.09% | 42.83B |
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- Financials Perfect Presentation for Commercial Services Company
