Financials Boubyan Bank K.S.C.P.

Equities

BOUBYAN

KW0EQ0102065

Banks

End-of-day quote Kuwait S.E. 23:00:00 24/04/2024 BST 5-day change 1st Jan Change
0.583 KWD -0.85% Intraday chart for Boubyan Bank K.S.C.P. 0.00% +3.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,848 1,720 2,512 2,983 2,377 2,449 - -
Enterprise Value (EV) 1 1,848 1,720 2,512 2,983 2,377 2,449 2,449 2,449
P/E ratio 31.4 x 58.8 x 58.2 x 56.3 x 32 x 28.1 x 23.8 x -
Yield 1.4% - 0.63% 0.75% 1.33% 1.62% 1.54% 1.62%
Capitalization / Revenue 12.7 x 10.3 x 13.4 x 14.8 x 10.9 x 9.91 x 8.82 x 7.68 x
EV / Revenue 12.7 x 10.3 x 13.4 x 14.8 x 10.9 x 9.91 x 8.82 x 7.68 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.79 x 3.32 x 4.46 x 3.65 x 2.78 x 2.57 x 2.47 x 2.29 x
Nbr of stocks (in thousands) 3,750,913 3,750,887 3,750,848 4,200,249 4,200,217 4,200,217 - -
Reference price 2 0.4928 0.4585 0.6696 0.7102 0.5660 0.5830 0.5830 0.5830
Announcement Date 22/01/20 27/01/21 26/01/22 29/01/23 31/01/24 - - -
1KWD in Million2KWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 145.8 167.5 187.8 201.4 218 247 277.5 319
EBITDA - - - - - - - -
EBIT 1 84.7 93.08 100.5 100.6 107.5 128 153.5 184
Operating Margin 58.11% 55.58% 53.54% 49.94% 49.28% 51.82% 55.32% 57.68%
Earnings before Tax (EBT) 1 65.99 34.07 49.79 56.96 75.72 98 110 140
Net income 1 62.65 34.42 48.49 57.79 80.44 95 105 127
Net margin 42.98% 20.55% 25.82% 28.7% 36.89% 38.46% 37.84% 39.81%
EPS 2 0.0157 0.007800 0.0115 0.0126 0.0177 0.0208 0.0245 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.006920 - 0.004240 0.005340 0.007550 0.009430 0.008960 0.009430
Announcement Date 22/01/20 27/01/21 26/01/22 29/01/23 31/01/24 - - -
1KWD in Million2KWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 46.86 49.7 52.56 50.82 48.28 52.56 56.61 54.03 54.82 61.62
EBITDA - - - - - - - - - - -
EBIT 1 - 24.32 26.03 26.58 26.48 21.48 27.56 27.97 27.18 24.75 31.74
Operating Margin - 51.91% 52.38% 50.57% 52.1% 44.49% 52.42% 49.41% 50.3% 45.15% 51.51%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 1 21.45 16.6 16.95 16.13 15.51 9.198 20.61 20.66 19.83 19.34 24.99
Net margin - 35.43% 34.11% 30.69% 30.51% 19.05% 39.22% 36.5% 36.69% 35.27% 40.55%
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 15/07/21 26/01/22 19/04/22 20/07/22 19/10/22 29/01/23 18/04/23 18/07/23 17/10/23 31/01/24 23/04/24
1KWD 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) 11% 5.53% 7.42% 8.48% 9% 10% 11.1% 12.7%
ROA (Net income/ Total Assets) 1.3% 0.59% 0.7% 0.76% 1% 1% 1.03% 1.1%
Assets 1 4,823 5,869 6,928 7,616 8,044 9,500 10,194 11,545
Book Value Per Share 2 0.1800 0.1400 0.1500 0.1900 0.2000 0.2300 0.2400 0.2500
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 22/01/20 27/01/21 26/01/22 29/01/23 31/01/24 - - -
1KWD in Million2KWD
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
0.583 KWD
Average target price
0.5111 KWD
Spread / Average Target
-12.33%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Boubyan Bank K.S.C.P.