Financials Al Salam Bank B.S.C.

Equities

SALAM

BH000A0J2481

Banks

End-of-day quote Bahrain Bourse 23:00:00 24/04/2024 BST 5-day change 1st Jan Change
0.206 BHD -0.48% Intraday chart for Al Salam Bank B.S.C. -1.44% +7.07%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 212.2 215.1 162.3 225.1 237.1 517.9
Enterprise Value (EV) 1 294.9 449.6 199.5 54.28 362.5 454
P/E ratio 11.5 x 10.2 x 17.2 x 10.9 x 7.5 x 11.8 x
Yield 7.06% 8.06% 6.86% 4.01% 4.91% 3.48%
Capitalization / Revenue 4.59 x 4.13 x 3.97 x 4.08 x 2.94 x 4.84 x
EV / Revenue 6.38 x 8.64 x 4.88 x 0.98 x 4.49 x 4.25 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.69 x 0.68 x 0.58 x 0.76 x 0.78 x 1.53 x
Nbr of stocks (in thousands) 2,722,971 2,667,554 2,650,833 2,581,642 2,587,914 2,692,184
Reference price 2 0.0779 0.0806 0.0612 0.0872 0.0916 0.1924
Announcement Date 13/02/19 13/02/20 11/02/21 13/02/22 10/02/23 13/02/24
1BHD in Million2BHD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 46.2 52.06 40.89 55.19 80.68 106.9
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 18.52 21.13 9.118 21.22 33.07 52.69
Net income 1 18.5 21.09 9.142 21.37 31.59 42.23
Net margin 40.04% 40.52% 22.36% 38.72% 39.16% 39.48%
EPS 2 0.006793 0.007897 0.003566 0.008017 0.0122 0.0164
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.005500 0.006500 0.004200 0.003500 0.004500 0.006700
Announcement Date 13/02/19 13/02/20 11/02/21 13/02/22 10/02/23 13/02/24
1BHD in Million2BHD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1
Net sales - - - - -
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 6.512 7 6.8 11.28 10.28
Net margin - - - - -
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 12/05/22 14/08/22 13/11/22 10/02/23 11/05/23
1BHD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 82.8 234 37.2 - 125 -
Net Cash position 1 - - - 171 - 63.9
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 6.09% 6.81% 3.03% 7.34% 10.4% 12.9%
ROA (Net income/ Total Assets) 1.12% 1.13% 0.42% 0.86% 1% 1.07%
Assets 1 1,648 1,871 2,158 2,490 3,145 3,965
Book Value Per Share 2 0.1100 0.1200 0.1100 0.1100 0.1200 0.1300
Cash Flow per Share 2 0.0800 0.1100 0.1100 0.1500 0.1500 0.2600
Capex 1 0.96 1.65 2.3 2.82 17.1 2
Capex / Sales 2.08% 3.17% 5.63% 5.1% 21.16% 1.87%
Announcement Date 13/02/19 13/02/20 11/02/21 13/02/22 10/02/23 13/02/24
1BHD in Million2BHD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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