Financials Walaa Cooperative Insurance Company

Equities

8060

SA000A0MLUD8

Property & Casualty Insurance

Market Closed - Saudi Arabian S.E. Other stock markets 05:50:06 14/05/2024 pm IST			5-day change	1st Jan Change
24.3 ^SAR	-8.65%		-27.35%	+28.16%

12/05	Walaa Cooperative Insurance Reports Increase in Q1 Net Profit, Insurance Revenue	MT
29/04	Walaa Cooperative Insurance Secures Regulatory Nod to Renew Medical Insurance License	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	881.8	1,417	1,227	1,230	1,613	2,084	-	-
Enterprise Value (EV) ¹	881.8	1,417	1,227	1,230	1,613	2,084	2,084	2,084
P/E ratio	-	26.7 x	-10 x	-36.2 x	10.9 x	24.3 x	18.7 x	-
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.73 x	0.96 x	-	-	0.56 x	0.56 x	0.5 x	0.46 x
EV / Revenue	0.73 x	0.96 x	-	-	0.56 x	0.56 x	0.5 x	0.46 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	1.55 x	-	1.16 x	-	-	-	-
Nbr of stocks (in thousands)	52,800	64,640	64,640	85,058	85,058	85,058	-	-
Reference price ²	16.70	21.92	18.98	14.46	18.96	24.30	24.30	24.30
Announcement Date	19/03/20	25/02/21	24/03/22	31/03/23	13/03/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,215	1,473	-	-	2,888	3,747	4,127	4,497
EBITDA	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	80.25	-	-15.72	163	179	194	193
Net income ¹	-	51.12	-122.1	-27.36	148	159	165	164
Net margin	-	3.47%	-	-	5.12%	4.24%	4%	3.65%
EPS ²	-	0.8200	-1.890	-0.4000	1.740	1.000	1.300	-
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	19/03/20	25/02/21	24/03/22	31/03/23	13/03/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	-	781.2	767.1
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	39.78	45.25	39.86
Net margin	-	5.79%	5.2%
EPS	0.4700	-	-
Dividend per Share	-	-	-
Announcement Date	09/11/23	13/03/24	12/05/24

¹SAR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	6.46%	-	-	12.4%	10%	8.3%	-
ROA (Net income/ Total Assets)	-	2.08%	-	-	-	-	-	-
Assets ¹	-	2,456	-	-	-	-	-	-
Book Value Per Share	-	14.20	-	12.50	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	19/03/20	25/02/21	24/03/22	31/03/23	13/03/24	-	-	-

¹SAR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Walaa Cooperative Insurance Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

24.3 SAR

Average target price

18.15 SAR

Spread / Average Target

-25.31%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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FAIRFAX FINANCIAL HOLDINGS LIMITED	+27.13%	2.55TCr
SAMPO OYJ	-0.63%	2.15TCr

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