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 2,504 - -
Change - -14.15% -34.94% -3.93% 3.18% -24.67% - -
Enterprise Value (EV) 1 6,544 6,590 4,853 4,582 4,699 3,863 3,782 3,464
Change - 0.7% -26.36% -5.58% 2.55% -17.79% -2.1% -8.4%
P/E 27.3x 31.2x 26x 22.7x 162x 37.2x 34.2x 14.3x
PBR 2.25x 2.05x 1.36x 1.28x 1.3x 0.95x - -
PEG - -1.3x -1.2x 2.2x -1.9x 0x 3.93x 0x
Capitalization / Revenue 0.99x 0.87x 0.59x 0.51x 0.52x 0.39x 0.38x 0.36x
EV / Revenue 1.08x 1.11x 0.85x 0.72x 0.74x 0.61x 0.57x 0.5x
EV / EBITDA 9.67x 10.7x 7.71x 7.05x 7.65x 6.67x 6.34x 4.92x
EV / EBIT 21.3x 26.9x 18.2x 15.4x 19.8x 18.4x 14.6x 10.9x
EV / FCF 34.7x 13.5x 12.8x 9.34x 11.7x -89.4x 18.2x 9.02x
FCF Yield 2.88% 7.39% 7.83% 10.7% 8.55% -1.12% 5.49% 11.1%
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 0.046 0.05 0.12
Distribution rate 86.7% 115% - - - - - -
Net sales 1 6,069 5,926 5,694 6,324 6,360 6,370 6,617 6,880
EBITDA 1 676.6 616 629.7 650.3 614 579.3 596.8 704.4
EBIT 1 306.7 245.3 266.7 296.7 237.7 209.8 259.7 316.8
Net income 1 225.4 165.4 129.3 141.8 20.58 22.4 9.57 47
Net Debt 1 541.3 1,436 1,500 1,361 1,375 1,359 1,278 960.4
Reference price 2 4.100 3.520 2.290 2.200 2.270 1.710 1.710 1.710
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.($)
37.17x0.61x6.67x-.--% 682M
37.43x1.6x13.4x0.43% 60.5B
24.73x1.14x12x3.13% 30.42B
8.58x0.39x4.06x3.17% 9.54B
20.68x0.72x6.54x1.98% 7.82B
16.37x1.08x4.08x6.07% 5.16B
11.12x2.05x16.47x2.29% 3.34B
17.03x1.66x9.76x4.04% 3.16B
Average 21.64x 1.16x 9.12x 2.64% 15.08B
Weighted average by Cap. 28.69x 1.32x 11.42x 1.81%

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