Company Valuation: Aramex

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,003 5,154 3,353 3,221 3,324 2,511 - -
Change - -14.15% -34.94% -3.93% 3.18% -24.45% - -
Enterprise Value (EV) 1 6,544 6,590 4,853 4,582 4,699 3,918 3,745 3,471
Change - 0.7% -26.36% -5.58% 2.55% -16.62% -4.42% -7.3%
P/E 27.3x 31.2x 26x 22.7x 162x 19.4x 34.3x 22.9x
PBR 2.25x 2.05x 1.36x 1.28x 1.3x 0.94x - -
PEG - -1.3x -1.2x 2.2x -1.9x 0x -0.8x 0.5x
Capitalization / Revenue 0.99x 0.87x 0.59x 0.51x 0.52x 0.35x 0.38x 0.36x
EV / Revenue 1.08x 1.11x 0.85x 0.72x 0.74x 0.55x 0.57x 0.5x
EV / EBITDA 9.67x 10.7x 7.71x 7.05x 7.65x 5.44x 6.28x 4.93x
EV / EBIT 21.3x 26.9x 18.2x 15.4x 19.8x 13.7x 14.4x 11x
EV / FCF 34.7x 13.5x 12.8x 9.34x 11.7x 22.6x 13.7x 8.45x
FCF Yield 2.88% 7.39% 7.83% 10.7% 8.55% 4.42% 7.32% 11.8%
Dividend per Share 2 0.13 0.13 - - - - - -
Rate of return 3.17% 3.69% - - - - - -
EPS 2 0.15 0.113 0.088 0.097 0.014 0.0885 0.05 0.075
Distribution rate 86.7% 115% - - - - - -
Net sales 1 6,069 5,926 5,694 6,324 6,360 7,122 6,617 6,880
EBITDA 1 676.6 616 629.7 650.3 614 720.5 596.8 704.4
EBIT 1 306.7 245.3 266.7 296.7 237.7 286 259.7 316.8
Net income 1 225.4 165.4 129.3 141.8 20.58 132.5 8.4 45.8
Net Debt 1 541.3 1,436 1,500 1,361 1,375 1,407 1,234 960.4
Reference price 2 4.100 3.520 2.290 2.200 2.270 1.715 1.715 1.715
Nbr of stocks (in thousands) 1,464,100 1,464,100 1,464,100 1,464,100 1,464,100 1,464,100 - -
Announcement Date 10/02/22 09/02/23 08/02/24 11/02/25 10/02/26 - - -
1AED in Million2AED
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.32x0.55x5.43x-.--% 684M
15.35x1.09x7.94x7.05% 79.24B
16.18x0.97x7.17x3.52% 69.41B
14.15x0.86x7.59x2.06% 68.43B
29.17x1.21x10.39x0.58% 41.57B
12.58x9.38x28.91x5.47% 41.77B
25.12x1.17x12.55x3.04% 31.44B
24.64x1.84x17.64x0.82% 25.23B
13.95x0.4x3.99x2.98% 22.91B
9.91x1.42x5.22x4.26% 14.97B
Average 18.04x 1.89x 10.68x 2.98% 39.57B
Weighted average by Cap. 17.53x 1.94x 10.86x 3.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield