Financials BinDawood Holding Company

Equities

4161

SA154HG210H6

Food Retail & Distribution

End-of-day quote Saudi Arabian S.E. 23:00:00 27/04/2024 BST 5-day change 1st Jan Change
9.1 SAR -1.94% Intraday chart for BinDawood Holding Company -1.52% +47.01%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,602 10,950 5,532 7,075 10,401 - -
Enterprise Value (EV) 1 15,895 12,840 7,321 8,728 12,287 12,285 11,163
P/E ratio 30.4 x 45.6 x 46.5 x 25.8 x 32.7 x 27.4 x 27.4 x
Yield 1.68% 1.98% 3.2% 3.23% 2.62% 2.91% 2.79%
Capitalization / Revenue 2.64 x 2.5 x 1.13 x 1.26 x 1.72 x 1.59 x 1.5 x
EV / Revenue 3.08 x 2.93 x 1.5 x 1.56 x 2.04 x 1.88 x 1.61 x
EV / EBITDA 16.7 x 18.5 x 12.4 x 11.5 x 13.6 x 12.4 x 10.6 x
EV / FCF 26 x 25 x 12 x 15.8 x 36.4 x 33.1 x 27.4 x
FCF Yield 3.85% 4% 8.36% 6.33% 2.75% 3.02% 3.65%
Price to Book 10.4 x 7.76 x 4.11 x 5.06 x 6.78 x 6.28 x 5.95 x
Nbr of stocks (in thousands) 1,143,000 1,143,000 1,143,000 1,143,000 1,143,000 - -
Reference price 2 11.90 9.580 4.840 6.190 9.100 9.100 9.100
Announcement Date 29/03/21 04/04/22 05/04/23 11/03/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,844 5,156 4,382 4,897 5,603 6,034 6,544 6,932
EBITDA 1 - 949.3 695.5 590.3 757 905.2 990.6 1,056
EBIT 1 - 514.6 274.6 151 354.3 410 479.5 505.5
Operating Margin - 9.98% 6.27% 3.08% 6.32% 6.8% 7.33% 7.29%
Earnings before Tax (EBT) 1 - 462.9 258.1 150.1 292.8 343 394 425.7
Net income 1 - 447.7 240.6 118.7 276.5 328.9 382.4 383.6
Net margin - 8.68% 5.49% 2.42% 4.94% 5.45% 5.84% 5.53%
EPS 2 0.3670 0.3920 0.2100 0.1040 0.2400 0.2782 0.3317 0.3326
Free Cash Flow 1 - 611.6 513.7 612.3 552.7 338 371 407
FCF margin - 11.86% 11.72% 12.5% 9.86% 5.6% 5.67% 5.87%
FCF Conversion (EBITDA) - 64.43% 73.86% 103.73% 73.01% 37.34% 37.45% 38.55%
FCF Conversion (Net income) - 136.61% 213.54% 516.01% 199.86% 102.78% 97.03% 106.09%
Dividend per Share 2 - 0.2000 0.1900 0.1550 0.2000 0.2383 0.2646 0.2536
Announcement Date 31/08/20 29/03/21 04/04/22 05/04/23 11/03/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,078 1,057 1,175 1,221 1,183 1,318 1,381 1,412 1,359 1,451 1,501 1,532 1,475 1,575
EBITDA - - - - - - - - - - - - - -
EBIT 1 95.46 -24.78 72.82 64.75 -26.51 39.93 76.24 - 56.06 132.3 84.4 - - -
Operating Margin 8.86% -2.34% 6.2% 5.3% -2.24% 3.03% 5.52% - 4.13% 9.11% 5.62% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 1 70.24 13.22 65.46 42.33 -48.26 59.13 55.87 69.3 34.91 124.5 62.13 - - -
Net margin 6.52% 1.25% 5.57% 3.47% -4.08% 4.48% 4.05% 4.91% 2.57% 8.58% 4.14% - - -
EPS 2 - - - - -0.0420 0.0520 0.0460 0.4100 0.0700 0.1089 0.0700 - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 14/11/21 04/04/22 23/05/22 25/08/22 10/11/22 05/04/23 25/05/23 20/08/23 08/11/23 11/03/24 - - - -
1SAR in Million2SAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 2,293 1,890 1,789 1,653 1,886 1,884 762
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 2.415 x 2.718 x 3.031 x 2.184 x 2.083 x 1.902 x 0.7219 x
Free Cash Flow 1 - 612 514 612 553 338 371 407
ROE (net income / shareholders' equity) - 35.8% 17.7% 8.6% 20.1% 21.3% 22.3% 22.5%
ROA (Net income/ Total Assets) - 9.41% 5.12% 2.52% 5.63% 6.41% 7.01% 7.36%
Assets 1 - 4,757 4,701 4,717 4,914 5,129 5,457 5,214
Book Value Per Share 2 - 1.150 1.230 1.180 1.220 1.340 1.450 1.530
Cash Flow per Share - - - - - - - -
Capex 1 - 45.7 85.4 134 231 181 187 197
Capex / Sales - 0.89% 1.95% 2.73% 4.13% 3% 2.85% 2.83%
Announcement Date 31/08/20 29/03/21 04/04/22 05/04/23 11/03/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
7
Last Close Price
9.1 SAR
Average target price
6.897 SAR
Spread / Average Target
-24.21%
Consensus
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